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Best of luck on new pension investments.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/251 -
Thank yousavingholmes said:Best of luck on new pension investments.
"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 -
Today's PAD - £6
Jan - £141
Feb - £139
March - £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 McGee1 -
Happy March! Spring is on the way. Let's hope we soon get some sun and a bit of warmer weather.
Most of the DDs have come out now, so it's easier to see what's left for the month. I'm hoping to bump up some savings with the CTAX and water normal payments. I need to book the boiler service, but touch wood, nothing big is due this month.
Have a good day everyone "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 -
Have a happy March 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 -
Today's PAD - £2
Jan - £141
Feb - £139
March - £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 -
You've started March positively on the PAD front I see - well done! That February total was great for a short month too - in real terms that effectively beat January didn't it!
Good work on the pension thing too - you've reminded me that I was going to start feeding a bit extra into mine each month - I might start with matching your £30 from any spends account surplus I have, as that seems as good a figure as any. Thanks for the inspiration!🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her2 -
Thank youEssexHebridean said:You've started March positively on the PAD front I see - well done! That February total was great for a short month too - in real terms that effectively beat January didn't it!
Good work on the pension thing too - you've reminded me that I was going to start feeding a bit extra into mine each month - I might start with matching your £30 from any spends account surplus I have, as that seems as good a figure as any. Thanks for the inspiration! Good point on the PADs, I hadn't thought of that.
Well done on adding to your pension. I've just finished your old diary, now need to catch up on your new one. It is very inspiring, I want to be you when I grow up
"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 -
Well I spoke too soon on the cheaper month. DH's car broke down this morning and had to be recovered to the garage. It's not entirely unexpected as it was already booked in for a diagnosis as it had been playing up, but still very inconvenient.
He thinks the bill could be as much as £1k so there goes the water and Council tax savings. At least we can cover it though.
The kids were quite distressed this morning when they heard. Luckily he wasn't on a hugely busy road. Little miss offered to give him her £10 towards a new car. Bless her. Little jwil was so worried about him, he gets quite anxious about stuff anyway. We had a long chat about how these things happen and we always manage to sort them out. It was an opportunity to chat about budgeting and how we try and save for these things. Once again, it was nice not to have the panic that this would have caused a couple of years ago."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
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