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Prosperous & Creative Soul & MFW Year 3
Comments
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Enjoy your time off and hope you get some rest."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
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Have a nice day off perfect weather for it.Moved to Denmark for FIRE by Aug 2025 “May your decisions reflect your hopes not your fears”
New diary aiming for fire https://forums.moneysavingexpert.com/discussion/6414795/mortgage-free-now-aiming-for-fire#latest3 -
You have been busy as usual. I know you are looking forward to your break. Hoping it can be restful and rejuvenating for you.If 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 1400/1000
Buffer fund 100/100
Debt Free (again) 25/07/20253 -
Thanks LWAP, TG, DIA and Jwil
Made the mistake of looking up the weather for while I'm away and I am due thundery showers every day. Let's hope that doesn't happen! Looks like I need to take a coat though. I am due good weather before I go though so will have to make the most of that. It made me want to take a laptop / tablet with me so I had something to call on if the weather wasn't the best. It's due to be bad say 2-3 hours a day rather than all day so hopefully it won't be as bad as it seems in my head.
I've had a lazy day today and didn't bother getting dressed. I spent a lot of it - and some evenings of this week - down the tablet/laptop rabbit hole. Spoke to my counsellor today who basically said I'd benefit from getting out more - and spending more time back on here for accountability. Since I turned the spending tap on with moving here it is proving difficult to turn back off. My eating has also worsened in the last week or two so I'm struggling with impulse control generally. I have been spending less time on here - so that definitely could be part of it - like I'm spending more and hiding it... or trying to - yet still updating my spreadsheet so I know how 'naughty' I've been. More than I like is being frittered currently - I'd rather it was bigger things so they made an appreciable difference to my life.
I have tried reading some of my journal around why I originally wanted to move - to try and get me back in a money saving rather than spending spirit but it hasn't totally worked yet. What did help with the tablet temptation was realising that there's due to be a big sale on Am**** in mid July and I'd regret it if I spent too much now. When I asked myself where I'd pay for my spending from if I went down the using my current account instead of 0% CC that also helped.
Will take it a day at a time. Tomorrow I'm due at the hairdressers. I may look at going swimming outdoors at some point over the next few days.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
2) £3K Net savings after CCs March 26 (but owed £1.1K) so £4.1K
3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
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 £5.2K updated 16/1/265 -
With you on the overspendng. Also finding it hard to stop.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*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan. 19months left.6 -
Hope you have a good weekend."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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I blame my house renovation for the overspending and am overlooking the new boots, the reading light and so on LOLMade 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 -
Thanks Beanie, Jwil and Watty. Glad I am not alone in the over spending. Hope we all rein it in enough soon.
I went to Keswick and then a stone circle after the hairdresser. Always restores my soul. There may also been pie and chips at the circle... It was a very long trek so glad to be safely home again. I'd been craving a visit... I try to go every year at least once although I don't always make it.
It made me feel more positive again about my upcoming holiday. Where I will get to experience an Italian version.
Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £167.4K Equity 38% 3/4/26
2) £3K Net savings after CCs March 26 (but owed £1.1K) so £4.1K
3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
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 £5.2K updated 16/1/267 -
Stunning photos!"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
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Absolutely lovely - could be right back in the 19th Century 🤩❤️
KKAs at 17.03.26:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £219,071
- OPs to mortgage = £17,793 Estd. interest saved = £9,021 to date
c. 16 months reduction in term
Fixed rate 3.85% ends October 2030
Read 24 books of target 52 in 2026 as @ 4th April.
Produce tracker: £59 of £400 in 2026
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.3
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