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Prosperous soul, mortgage neutrality & creativity Year 2

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  • The thing I use to prompt myself not to buy when temptation comes knocking like that is to remember that 99 times out of 100 is something is on offer at that price now, it will be on offer at that price again in the future too. This works a treat for supermarket deals, but also for bigger stuff too. The TV thing would be entirely irrelevant for me anyway as not a chance I could cope with a 55" TV - it makes me itch just seeing other people's massive screens through windows! Definitely best to buy once you've moved though - for a start you will have a better feel for how the room you would put it in will cope with different sizes of screen, but also it's one of the more vulnerable things for damage of course.

    Balancing the question of when it's safe to start running down cupboards and freezer stocks is a tricky one - we were incredibly fortunate to be able to run a load of freezer stuff round to the house the night before completion, we'd have managed OK with out that just by using more stuff up and utilising a cold box and ice packs for things that would be OK to refreeze even if they defrosted a bit, but it was definitely easier having the luxury of just transferring stuff. 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    £100k barrier broken 1/4/25
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • Dali may have made a fortune but my accidental Dali work is unlikely to be loved by any other apart from my mum ..  

    good you won’t have to move before Xmas and gives you more time to declutter 

    you are starting a new diary? I wonder why? I am sure it’s for good reasons but I am enjoying my unwieldy monster of a diary - my plan is but the home then keep in the same diary til I pay the mortgage off ! 
    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.
    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks @LadyWithAPlan

    I prefer to separate it into years and set new goals - see clearer how themes develop between years.

    Having been on MSE a while - I find it daunting when someone has thousands of pages - and it's much easier to join and follow a diary when they are relatively shorter.

    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • Just to end my reply to the TV thing. 

    When moving with a huge TV that, PCs, other tech and very fragile or sentimental items, were loaded into my car for safe transportation.

    I'll join everyone for your new adventures!
    Mortgage started 2020, aiming to clear 31/12/2029.
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks MF. I skipped the TV in the end. 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
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