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Follow the Yellow Brick Road 2023

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  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You can usually work out the rate yourself using a spreadsheet. I take meter readings monthly and submit them whether they use them or not. Now my smart meter tells me my elec use with BG but the one with Sh311 for gas still not working. I therefore work it out myself.
    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
  • SandyShores
    SandyShores Posts: 1,985 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Good thinking savingholmes.  I've never thought to keep my own tally as I go - I've always done regular meeting readings though.  Now I've got the smart meter I never go out to the meter box, but I think there is something online where you can see the meter readings - not on the BG website as they only show the readings used to produce your bill (although there are at least monthly readings but definitely not a monthly bill!).

    I didn't think I'd worked so much today, but had a bath and a bit of a snooze this afternoon and couldn't wake myself up afterwards I was in such a deep sleep.  There has been a lot going on at the moment though, with work and running around after people.  I probably just needed a rest - its good to start the week with a full tank.
    "Think of many things, do one"
    Mortgage 30 Aug'25 est. £209,500 £309,749 2020 (current ends 2038)
    Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga 

  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yoga sounds good. It sounds like tracking your goals is helping you appreciate your progress more.
    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
  • So, payday today and all the money is transferred and in place.  £20 Shoppix voucher to spend at Asda, and I've £40 cash leftover from the weekend sales, but I've got £30 of that earmarked for H0bbycraft.  I also need 4 cube boxes for a shelving unit but I'm not sure where to get those from as the swedish place ones are too big.  No OP this month, well not a huge one but I am going to start making smaller ones - they all add up.
    "Think of many things, do one"
    Mortgage 30 Aug'25 est. £209,500 £309,749 2020 (current ends 2038)
    Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga 

  • savingholmes
    savingholmes Posts: 29,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I think small. regular ones can be satisfying. I find if I do it in one big hit in a month - I'm kind of disappointed the rest of the month.
    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
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