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Prosperous & Creative Soul & MFW Year 3

1189190192194195239

Comments

  • jwil
    jwil Posts: 22,599 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Great news about being better off, and that you have some time off to look forward to.
    "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 McGee
  • savingholmes
    savingholmes Posts: 29,089 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks KK and Jwil

    The only problem with doing an art course - is they suggest even more art tools you can buy.... and you are surrounded by people with similar expensive wants... One of the sites she linked us to sold individual pens at £80-100 average... I don't think a 6 week course justifies that for me at my current drawing skill level... Other things I am tempted by though...  Natural pigment chalks etc... 


    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 10/10/25
  • beanielou
    beanielou Posts: 96,918 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Blimey. That’s a tad excessive for a pen. 
    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.
  • Blackcats
    Blackcats Posts: 4,051 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Lots for you to think about at the moment.
    hope you are looking after yourself and that you know that your MSE friends are all here for you.
  • KajiKita
    KajiKita Posts: 8,628 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Re the potential spendiness of the course - could you set yourself a budget of say £100 as an investment in you, and once it’s gone that’s it for spends related to the course? That way you do get the chance to ‘indulge yourself’ a bit, but it’s contained? 
    (I am doing similar for my week off this week - set myself a £100 additional spend limit and am c. £60 through it, so still have enough for lunch with my friend tomorrow 😊). 

    KK
    As 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 64 books of target 52 in 2025, as @ 11th November 
    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. 
  • doingitanyway
    doingitanyway Posts: 10,481 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Mortgage-free Glee!
    Really sad news for relative and the whole family. 
    I hope the hairdressers can lift your spirits.
    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 350/1000
    Buffer fund 100/100
    Debt Free (again) 25/07/2025
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