I Want To Be Free!!

MazzyMoo1980

Feeling positive!  Good to see progress on mortgage and school savings particularly.  

If we don’t go for private education then in 2yrs may consider putting some of what we’ve saved into mortgage. Fortunately our lender allows 20% overpayment each year.

Mortgage £122,883 fixed @ 3.29% for 3yrs 7mth
Savings £690
School Savings 15.5k of 17.5k (fees jumped up!)
Emergency Fund 1k
birthday sinking fund £225
Christmas sinking fund £330
Holiday sinking fund 4k of 5.5k 
Pension Pot £174,500 (not joint) 
ISA £8,985 (my money not joint)  

MazzyMoo1980

It’s a new year so thought I’d update where we’re at  

As ever we’re spending too much on holidays but the mortgage is still going down (chopping away with overpayments) and the pension pot up  so guess it’s going in the right direction! Given the jump in school fees I think the pot will be our emergency fund after all… 

All the best for 2025!

Mortgage £118,175 fixed @ 3.29% for 3yrs
Savings £184
School Savings 11k of 21k (fees jumped up again!!)
Emergency Fund £301.50
birthday sinking fund £225
Christmas sinking fund £0
Holiday sinking fund £0
Pension Pot (just mine) £201,176
ISA £9,371 (my money not joint)  

MazzyMoo1980

New Year review! Going in right direction, mortgage down, savings up, pension up.

Private school dream abandoned though and mortgage slower than I’d like!

happy 2026 😀

Mortgage £109,015 fixed @3 .29% for 2yrs

Long term emergency fund 16k (private school dream abandoned!)

Short term Emergency Fund 1k

birthday sinking fund £0

Christmas sinking fund £0

Holiday sinking fund £5416

Pension Pot (just mine) £251,011

ISA £9,336 (my money not joint)