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Small steps lead to big changes...
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Today's PAD - £2
Jan - £319
Feb - £135
Mar - £129
Apr - £114
May - £118
June - £93
July - £123
August - £118
September - £6
"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 McGee3 -
Just catching up! My kids go back tomorrow too, I can't wait
they are noisier now as teens as they were when they were screaming babies. Your PADs really do inspire me to start this up again, I noticed they do really add up when I was just TT every day. Mortgage Overpayments 2024/25 - September-December, £152.46. J- £103.27, F- £115, M- £91.50, A- £100, M- £200, J- £200. J- £200. A-£200, S- £221.34. O-£200EF- £642.41/500
Total- £1783.67
Goal pay off 1% of current mortgage in 1 year. £1650
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I never cease to be amazed at your PADsIf you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them
Emergency fund 3501000
Buffer fund 0/100
Debt Free (again) 25/0720252 -
Oh don't say that, I was hoping they'd just disappear to their bedrooms all day and leave me in blissful silencedebtfreewannabe321 said:Just catching up! My kids go back tomorrow too, I can't wait they are noisier now as teens as they were when they were screaming babies. Your PADs really do inspire me to start this up again, I noticed they do really add up when I was just TT every day.
It's amazing how the pads add up.
Thank youdoingitanyway said:I never cease to be amazed at your PADs
I'm always amazed too. It doesn't translate exactly to the account balance as I dip into it periodically, but it gives me the money there to dip into without having to empty other savings accounts as well. It's always nice to get a bit of interest each month too - makes it feel worthwhile. "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 McGee1 -
Mmmm.Aye, they disapear to their rooms but are not quiet! Wait til their mates are round! Mind you truth be told I miss it~~sometimes! 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 -
My dreams are shatteredbeanielou said:Mmmm.Aye, they disapear to their rooms but are not quiet! Wait til their mates are round! Mind you truth be told I miss it~~sometimes! "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 McGee3 -
Today's PAD - £2
Jan - £319
Feb - £135
Mar - £129
Apr - £114
May - £118
June - £93
July - £123
August - £118
September - £8
"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 McGee2 -
Today's PAD - £2
Jan - £319
Feb - £135
Mar - £129
Apr - £114
May - £118
June - £93
July - £123
August - £118
September - £10"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 McGee2 -
Happy Thursday! This week seems to be flying by.
School return went well yesterday, little jwil seems quite happy so far. It's chucking it down today but I'm determined not to let it wreck my plans to walk. I borrowed a couple of the Colter Shaw books from the library on audio book after watching the series Tracker on Disney plus. The books are better than the series, though I quite enjoyed it, so that gives me something to get stuck into on the walk home.
Work is busy, hopefully we should finally get some answers soon. Our project's up for another two awards, but yet again we won't be able to attend
"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 -
Glad the first school day went well.
Great progress on the PADs.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 10/10/251
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