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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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Hope you are well in time.
Good that there are now video optionsAchieve 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 -
Hello everyone; hope all well and about ready for Christmas?!
Various pieces of news:
The client just ghosted me, despite saying in writing that the brief was coming over in the next few days. In good news, I have a fixed-term full-time employed contract from 6th Jan to 31st May for the political party on whose ticket I was elected. I hope to make myself indispensable so that it will become permanent. I will be building up my emergency fund and looking at the pension scheme as I can contribute from 3 months in.
Care package now in place for my mother. I'm looking at grant applications for home adaptations.
Will post more over the hols; happy Christmas to us all.
Love Humdinger xx
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Great news about the work contract, hope it becomes permanent.Have a wonderful Christmas 🎄I get knocked down but I get up again (Chumbawamba, Tubthumping)4
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That's annoying about the client but hope you can get the permanent contract.
Have a lovely Christmas
"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 McGee4 -
I’m sorry to hear about the client, but better now than later when you’ve done the work and want to be paid!Sounds like you are making good progress for your mum and well done on the work contract 🤞 for it becoming permanent! 😊
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.5 -
Great news about the fixed term employment, so weird about the ghosting though, perhaps there is a legitimate hold up? Keeping fingers crossed for your mum as well.
Merry Christmas!5 -
Great news about the fixed term employment. Also glad you have the care package sorted. I know with the ex's dad and now the VNM's mother how stressful this time is.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 -
Hello Humdinger m'dear,
Good news re the employment. Yes, making yourself a Very Useful Engine might result in a permenent contract. Defo worth a go, anyway.
How odd about the ghosting. Maybe a reason for this will present itself, who knows? Annoying though, & rude.
It must be a relief to have sorted out the care package as these things are always a worry & can be time consuming too.
F x
2025's challenges: 1) To fill our 10 Savings Pots to their healthiest level ever
2) To read 100 books (46/100) 3) The Shrinking of Foxgloves 8.1kg/30kg
"Life can only be understood backwards but it must be lived forwards" (Soren Kirkegaard 1813-55)4 -
Good news on the contract.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.3 -
Congrats on the contract, hope something permanent comes out of it for you. Good news about the carers as well, hopefully it all goes well with them.*Dad loan - £5300 - £7200
*Virgin Credit Card - £3552.50 - £0
*Natwest - £1828.35 -£0.00
Barclaycard - £2315.25 - £0.00
Creation Finance - £960.32 £840
*Total debt - £8040/£11641.17*
Savings
*Savings Buffer - £100/£1500
*Emergency Fund - £1500/£1500
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/4
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