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Getting the balance right
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a few pictures from today
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Thanks for sharing. I was about to say we need pictures...Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
(If bigger lump sum £15.8/30K 52.67%)
5) SIPP £4.8K updated 29/7/252 -
Finally got to kayak over to this church today, have wanted to do
so for a few years now, we kayaked the length of the loch, took us 90 mins, so nice wee kayak without being too much after yesterdays adventures,
Money still good so far, conversations have been started re budgeting for alcohol during retirement, Mr El had said several times when we were going away he was gonna cut down and even cut out drinking, it hasnt happened, so I broached the subject of when we retire we need to have an alcohol budget in place, I've broached this before but Mr El has always said nah we dont need it " I wont drink when I retire, I wont be under the same amount of stress,"
now whilst this is true he wont be under the same amount of stress, the truth is he is addicted so we need to budget for it, last night he finally agreed, I think this has came about due to him being more involved in the finances, because he now sits down with me he knows where the money goes, so now he realises we need to budget for everything including alcohol. So a positive to add to the holiday
Have a great day everyone5 -
Loving the positivity! It's easier with a plan...Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)3 -
A wee plan is always goodI am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.3 -
That view is stunning. I'm impressed you can kayak for 90 minutes. Even in my twenties that would have worn me out.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
(If bigger lump sum £15.8/30K 52.67%)
5) SIPP £4.8K updated 29/7/252 -
skint_spice said:Loving the positivity! It's easier with a plan...3
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savingholmes said:That view is stunning. I'm impressed you can kayak for 90 minutes. Even in my twenties that would have worn me out.
we did kayak the length of the loch but it was a small loch, maybe even the smallest loch I've been on, it's more about the enjoyment than the distance and effort4 -
Spent over the 40 budget today, but we had nachos, ice cream, coffee and alcohol outside so that's ok were still under budget for the holiday so far.
I'm a bit exhausted after all the excercise this week, my s**tbit is saying 1 for readiness, it said that yesterday as well but I pushed and went up the hill, today after we had got some shopping Mr El said come on let's go for a walk, I had to decline it was just too much, I want to enjoy my last day tomorrow so gonna rest for the night.3
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