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Cheer Leaders needed on the final stretch

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2456710

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  • savingholmes
    savingholmes Posts: 27,886 Forumite
    Name Dropper First Anniversary Photogenic First Post
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    Congrats on the sales. I've been in a few shops recently and was shocked at how empty they were.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £8K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £11.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
  • skye_blue
    skye_blue Posts: 301 Forumite
    First Anniversary Name Dropper First Post
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    No sales so far this week but good news won £100 on PB

    50:50 emergency fund & mortgage pot (£117.50), not put any from wages yet, keeping hold and need to decide on a few things

    Take care everyone
  • savingholmes
    savingholmes Posts: 27,886 Forumite
    Name Dropper First Anniversary Photogenic First Post
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    Great news on the win. 
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £8K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £11.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
  • skye_blue
    skye_blue Posts: 301 Forumite
    First Anniversary Name Dropper First Post
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    I need some advice pls

    Ive paid my 10% allowance for the year.  Present rate 1.69%.  Fix ends on 31 December and am going on a variable rate then 

    Early repayment charges are an additional 3% - would it be better to carry on paying as much extra on the mortgage as I can between now and end of dec or carry on saving to pay it off at the beginning of Jan?

    Any thoughts
  • skye_blue
    skye_blue Posts: 301 Forumite
    First Anniversary Name Dropper First Post
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    Ive sent £100 across to mortgage today - can't decide what to do.  1.69% plus 3% will still probably be less than my rate will be in Jan 
  • skye_blue
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    Strange on my mortgage account the £100 I sent is still waiting to be shown against the mortgage balance but I sent another £150 a few days later and that has been credited to the mortgage - need to keep an eye on this?

    Opened a Vinted account and had my first sale today - going to keep this until I reach £50 I think
  • Moneyfordreams
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    I don't know about your mortgage rates, but I'll cheer you on from the side :)
    Mortgage restart June 2018 £119950Re mortgage August 19 £110470, … Mortgage November 22 £85600 final 0% CC 3300Home renovations - £65000, mid 2018 - mid 2022
  • DrCarrie
    DrCarrie Posts: 889 Forumite
    First Anniversary Debt-free and Proud! Photogenic First Post
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    Great work! 
    3 month emergency fund (Cash ISA): £2902 / £6,000
    Tart up the house and garden (Monzo pot): £952
    Overpayment on mortgage: £0
    Stocks and shares ISA: £1075.53
    Additional pension contributions: £0
    Premium bonds: £1,450

    Career and private practice development: £3,050 spent


    Big home renovation - is in the pipeline. £0
  • skye_blue
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    Checked mortgage account today, the £100 is showing as paid against mortgage and the ERC payments have been credited against the mortgage too - weird

    Mortgage balance £54.034.57 Think im going to pay off enough to start the new year in £53,000;s - 17 months before I retire

    Would love to get to £35,000 before I retire - thinking head on, need positive vibes

    Another sale on vinted - not a lot but all ads up - only started last weekend & 2 sales already

    Take care everyone


  • IAAM
    IAAM Posts: 95 Forumite
    First Anniversary Name Dropper Combo Breaker First Post
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    Well done with all your great work of chipping away at your mortgage to reach your goal. Every single penny does help
    Mortgage Balance: £162,615.84 (December 2022); £163,945 (November 2022)
    Current MF date: Feb 2032.  (Previously: Jan 2033)

    Target MF date: May 2027
    (Overpayments needed to achieve this: £1,750pm!) 

    Joint spend: £391.09 (Nov)
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