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£30,000 in one year ...One big push

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  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Hi savingholmes.Our Mort does not end until 2025 luckily so thats okay ..My husband will continue to work all being well ..He still has a few years left before he gets his pension so we will carry on as long as possible as we have lots to do in our house 

    Week 31 numbers £500 in to mort savings .Total now £15500 ..Just £14,500 to go now!!

    Week 31 .Other monies this week Extra work £80 plus selling bits plus a gift ..Total £188.52 plus last weeks £245.45  £433.97 ..No money made this week in new business sadly though but very happy with overall numbers so far and as always very grateful for everything

  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Glad you still have some time. Your bank must be shocked at your recent efforts!!
    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 29/7/25
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Yes thats very true savingholmes ,i must say ,im quite shocked too !!!

    Week 32 and £500 went today to PBs ..Total now at £16000
    Other numbers to follow at the end of the week but so far just £3
  • Moneyfordreams
    Moneyfordreams Posts: 2,442 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    you're doing so well :) 
    Mortgage restart June 2018 £119950Re mortgage August 19 £110470, … Mortgage November 22 £85600 final 0% CC 3300Home renovations - £65000, mid 2018 - mid 2022
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Thank you Moneyfordreams


    A bit late with numbers but here are last weeks 
    Week 33 and £500 went in to PBs ..Total at £16,500..I also sold a few things and my husband did some extra work .Total £160 ..I added that to the other money i had saved so far and booked us a holiday for next month ..
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    edited 23 August 2023 at 7:46AM
    Week 34 

    £500 in to PBs  total now at £17000 paid either in to PBs or in to mort ..Very ,very happy ,just £13,000 to go now 
  • beanielou
    beanielou Posts: 96,035 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Blooming awesome.
    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.
  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fantastic. Nice to have a holiday to look forward to as 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 29/7/25
  • selloptape
    selloptape Posts: 632 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Oh wow, you're over halfway there! Super inspiring :smile:
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Thank you savingholmes and sellotape

    Week 35..£500 in to PBs today .Total now £17,500 .Very happy with this number and very grateful
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