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Debt free and staying that way while I re-evaluate life and keep blood sugar levels down
Comments
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Yes this @LadyWithAPlan. Not wanting to immerse myself in futile regrets, but in case it helps someone reading this in the future; even glancing through the statements, the mental process I was clearly going through went something like this: if I keep spending on things that make it look like money is no object, then it will keep bad things away. My first marriage was heading for the rocks (spoiler alert: ex was totally in thrall to conspicuous consumption to impress people) and most spending was on totally discretionary items. I do feel proud of the mountain I've climbed actually. Love to all Humdinger xx8
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And rightly so. your debt mountain was huge. you climbed it and then sailed away with knowledge kindness and a willingness to share and inspire others. Awesome xxHumdinger1 said:. I do feel proud of the mountain I've climbed actually. Love to all Humdinger xx
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 !!6 -
At least you are in a better place now.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/253 -
Thank you @Watty1 and @savingholmes. Still waiting for new project to kick off as client has been poorly. I'm going to send him a supportive message tomorrow to see how he is. In the meantime, I've managed to get broadband/phone costs down by £50 per month and am about to lose another £17 per month of irrelevant direct debit; that feels like a lot of money.
Onwards and upwards; love to all Humdinger xx7 -
£67 per month back in your pocket is well worth having 😊👏
KKAs at 15.10.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £229,702
- OPs to mortgage = £12,345 Estd. interest saved = £5,863 to date
Fixed rate 3.85% ends October 2030
Read 59books of target 52 in 2025, as @ 18th October
Produce tracker: £426 of £300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.4 -
I feel any saving worth having. I have been thinking this over and will start an account where the free money goes (money that I come into or save from doing a deal)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 -
Thanks @KajiKita and @Watty1. I'd love to hear views on open banking. I subscribe to a package called pirkx*** and if l link my cards/bank accounts to it I will get a % of spend back. I'm going to see what Martin says, and will only use it for essential things - no slippery slopes here, thank you! I'm thinking about the security aspects. I know open banking has been around for a while, but still. Humdinger xx
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Security was my first thought there.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 !!3 -
You have done amazingly and should be so proud of yourself
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Well done on reducing down the direct debitsAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
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 £5K updated 10/10/252
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