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GAP and LMG, can we become mortgage free?

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  • girlatplay
    girlatplay Posts: 3,884 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    It was a lovely weekend. Spent some time with my family, saw bf for a bit and generally pottered around. I emptied 6 (yes SIX) moving boxes (yes, we have lived here 19.75 months). I have 7 left to empty (mainly paperwork, books, study materials and hopefully the watch bf gave me and the bracelet LMG gave me, that I put somewhere safe for moving).  LMG also has about the same amount left to empty.

    Spendy-wise, it was just grocery budget spends, no treaty spends.

    Declaring a PAD from the weekend and today of £3.
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £161,690.76
    300 271 payments to go.
    House buyout fund £21,000/£40,000
  • savingholmes
    savingholmes Posts: 28,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on emptying the boxes... I need to tackle more of mine... 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • girlatplay
    girlatplay Posts: 3,884 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    You've not been there a week yet. You have nothing to worry about!
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £161,690.76
    300 271 payments to go.
    House buyout fund £21,000/£40,000
  • It was a lovely weekend. Spent some time with my family, saw bf for a bit and generally pottered around. I emptied 6 (yes SIX) moving boxes (yes, we have lived here 19.75 months). I have 7 left to empty (mainly paperwork, books, study materials and hopefully the watch bf gave me and the bracelet LMG gave me, that I put somewhere safe for moving).  LMG also has about the same amount left to empty.

    Spendy-wise, it was just grocery budget spends, no treaty spends.

    Declaring a PAD from the weekend and today of £3.
    I've been in for a similar amount of time and I've still got one room that is mainly boxes!
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £226,957.97
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
  • girlatplay
    girlatplay Posts: 3,884 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    It was a lovely weekend. Spent some time with my family, saw bf for a bit and generally pottered around. I emptied 6 (yes SIX) moving boxes (yes, we have lived here 19.75 months). I have 7 left to empty (mainly paperwork, books, study materials and hopefully the watch bf gave me and the bracelet LMG gave me, that I put somewhere safe for moving).  LMG also has about the same amount left to empty.

    Spendy-wise, it was just grocery budget spends, no treaty spends.

    Declaring a PAD from the weekend and today of £3.
    I've been in for a similar amount of time and I've still got one room that is mainly boxes!
    Aww thank you for that, it really helps to know it's not just me. The boxes are in a corner of my bedroom as it is a decent sized room and the only space that we can store them without them being in the middle of a room. This house itself is really not that big. I have plans for that corner though so need to get moving with them.
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £161,690.76
    300 271 payments to go.
    House buyout fund £21,000/£40,000
  • girlatplay
    girlatplay Posts: 3,884 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Not much to report today at all. Still mainly grocery spends. I did buy a hairbrush for £6. Not sure how that rates against other hairbrushes as I've not bought one in years. I use an Afro comb, even though my hair is straight. I have a very sensitive head and the Afro comb gets through my hair painlessly. This new hairbrush is supposed to be a good detangler and has good reviews so I thought I'd give it a try.

    £1 PAD to buy out fund.
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £161,690.76
    300 271 payments to go.
    House buyout fund £21,000/£40,000
  • savingholmes
    savingholmes Posts: 28,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on the PADs.

    I always feel like everything needs doing now - so that's encouraging on the boxes.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • girlatplay
    girlatplay Posts: 3,884 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Well done on the PADs.

    I always feel like everything needs doing now - so that's encouraging on the boxes.
    I haven't done any more boxes since those. I was both busy and lazy at the weekend.
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £161,690.76
    300 271 payments to go.
    House buyout fund £21,000/£40,000
  • girlatplay
    girlatplay Posts: 3,884 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Tonight I had a lovely massage and dinner out with my friend. That was my treat to myself from the backdated salary payment. I'm relaxed and happy. Back to normal spends/non-spends for the rest of the month.

    We have taken our eyes off the ball a bit with our meal planning and food intake. My body is complaining bitterly about it. I have lost the half stone it took me about 6 months to put on, in two weeks. This is not good for me. I'm under the dietician at the hospital and I would be in so much trouble but luckily I haven't got my next appointment through yet. Now that I have spotted it I'll try harder and pull it back. I was wondering why my latest set of meds weren't working so well. Then I realised 🙈

    The £50 bonus from W3a1thify is now pending in my W account so I'm hoping that will be cleared in the next few days.

    I have a S&S isa that I have alluded to on occasion. I have a set of shares in there with one particular company where the share price has dropped substantially. They are currently still paying out dividends so I'm waiting for this quarter to hit my account in the next few days also. I usually make sure my funds get reinvested but for some reason with these I opted to take the income and never bothered changing it. I'll move those to the buy out fund once they hit my account.

    Friday's random pick number was 45 so £22.50 went to the RPF account.

    I have £6.43 to declare for a PAD today which is £1 per day for the past 6 days and 43p which is interest I got from closing a small account.

    That's it for now.
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £161,690.76
    300 271 payments to go.
    House buyout fund £21,000/£40,000
  • beanielou
    beanielou Posts: 95,664 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Happily passes half a stone to my friend. 
    If only it was that easy. 
    Take care of yourself 😊
    I 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.
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