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£30,000 in one year ...One big push
Comments
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Phenomenal. You will both be so relieved when it's gone!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 29/7/251 -
Thank you beanielou and SH.
Week 49 and £500 paid in to PBs ..Total now at £24,500 saved this year .The weeks have just flown by with just three more weeks left after this one until the end of the year ,unbelievable..1 -
What a stunning result.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 29/7/251 -
Thank you SH as always
Week 50 !!..How on earth did that happen ? Just two more weeks left of this year .£500 in to PBs .Total now at £25,000
Next year i am going to aim for £26,000 with the hope of reaching £30,000..My husband will work slightly less hours and i shall be saving a little or all of the money i make in my new business which is still very hit and miss at the minute but it will be very appreciated .All money to be used for home improvements and to pay off the last £4000 of our mortgage4 -
Such a stunning result. Hats off to you both. I can remember when you first started your diary and how you were panicking about how to pay it off. What home improvements do you have planned?
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 29/7/251 -
Thank you very much SH ,it has been a long six years with my wonderful husband working so very hard for 50 /60 hour weeks and lots of selling ,saving etc ,a reduced mortgage term etc etc and all the other monies we have saved from various places the list goes on so i have decided to pay the last five thousand pounds to the mortgage which ill mean it will be finished ..We had four !!! Wins on the PBs in December that with all the other monies that we had anywhere we will have enough but will start the new year penniless as any money from now till the end of the month will be accounted for !!!
So that will be the end of that mortgage ..We have had it for so many years on interest only then paid off £170,000 in 7 years all credit to my husband really working so very hard . Looking forward now to starting the savings challenge again next year ,i am thinking possibly a move but i dont know yet ,i will be keeping my options open and continue on the savings route .It is only over the 7 years that i have been on here that i bucked up my ideas and so very grateful that i found this site seven years ago..
Sorry ,i wrote 6 years above ,i meant seven5 -
Blooming amazing.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.1 -
So thrilled for you. What a fantastic Christmas present to yourselves. Lovely way to go into next year too.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 -
Thank you very much beanielou and SH and Happy Christmas to you1
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Happy New Year. Hope your festive break is going well.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 29/7/250
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