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Debt free and staying that way while I re-evaluate life and keep blood sugar levels down
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I bet the pool membership will help you look as good as those thigh high boots!Made it to mortgage free but what a muddle that became
In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!4 -
Right as ever @Watty1! Xx4
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Interesting images come with the boots.....
Back to now - hope your walk was lovely.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
2) £2.1K Net savings after CCs 14/5/26 (but owed £1.3K) so £3.4K
3) Mortgage neutral by 06/30 (AVC £42.2K + Lump Sums DB £4.6K + (25% of SIPP 1.4K) = 48.2K of £127.5K target 37.8% 24/5/26 (If took bigger lump sum = 70.1K or 55%)
4) FI Age 60 income target min £17.1/30K 57% (may need more) If bigger lump sum £15.8/30K 52.67%
5) SIPP £5.6K updated 16/5/265 -
Good news about the swimming. Good luck with the new plans."Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee5
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Thanks @savingholmes and @jwil. Am feeling back in the zone; it will be interesting to see how this impacts blood sugar. In other news, DH is thinking about retiring fully in 12-18 months. I'm now looking (with the help of threads on the pension board) at how much is needed to lead a comfortable life without having pension pots worth millions. I'm so glad I had my LBM as it would be scary to have debt and even more, a head full of magic that's unrelated to how things actually are. Love Humdinger xx
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There's some really good threads on the boards about people living well on relatively low incomes. It's a bit unnerving when people are aiming for huge amounts, and it's nice to see that people can manage well on a lot less.
I've answered your question on the how much to live on thread. I saved it in my spreadsheet to remind me what was needed."Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee6 -
We’ve had the new pension providers in work this week, to answer questions and give away freebies ….jwil said:There's some really good threads on the boards about people living well on relatively low incomes. It's a bit unnerving when people are aiming for huge amounts, and it's nice to see that people can manage well on a lot less.
I've answered your question on the how much to live on thread. I saved it in my spreadsheet to remind me what was needed.
They had ballpark figures on what you needed as an income in retirement. If the state pension remains at the level it is now (and creeps up in line with inflation) I should be okay (Mr KK much less so) but I should revisit that thread and get a solid number in my mind for the two of us.KKAs at 21.05.26:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £215,607
- OPs to mortgage = £18,925 Estd. interest saved = £9,670 to date
c. 16 months reduction in term
Fixed rate 3.85% ends October 2030
Read 35 books of target 52 in 2026 as @ 24th May.
Produce tracker: £119 of £400 in 2026
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.6 -
Thanks @KajiKita! DH will be 70 in May 25 and I'm 9 years younger. We do broadly see eye to eye on attitudes to spending, what to prioritise...it really helps. Love Humdinger xx6
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Ohhhh.... just typed a long post re retirement/pension thoughts & then lost it, grrrr.
F2026's challenges: 1) To rebuild our Emergency Fund to at least £5k.
2) To read 50 books (12/50) 3) The Re-Shrinking of Foxgloves 8.1kg/30kg
Remember....if you have to put it on a credit card, extend your overdraft or take out a loan to buy whatever it is, you probably can't afford it, as that's not your money, it's somebody else's!6 -
Look forward to your pearls of wisdom when you get a min @foxgloves! It's so annoying when that happens. Thanks as ever love Humdinger xx5
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