Prosperous & Creative Soul & MFW Year 3

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  • KajiKita
    KajiKita Posts: 6,773 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Following along again 😊

    KK
    As at 15.04.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £236,911
    - OPs to mortgage = £11,338 Interest saved £5225 to date
    Fixed rate 3.85% ends January 2030

    Read 19 books of target 52 in 2025, as @ 24th April
    Produce tracker: £41 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. 
  • Ah lovely to see your opening post looking  backwards, present day and forwards . 
    Maybe when I buy I will start again a new post but got to get there first! 

    You have a really stable financial situation with your pensions etc - yes I think a long fix given you might do creative stuff as mortgage brokers really don’t like that! But great you have 3 years to run 

    I love having personalised gifts so I am sure your art will be a great success 
    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.
    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • That is very good news regarding your handy man being willing to come and work at your new house.
    Fashion on a ration 2025 0/66 coupons spent
    79.5 coupons rolled over 4/75.5 coupons spent - using for secondhand purchases

    One
     income, home educating family 
  • skint_spice
    skint_spice Posts: 13,258 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Happy new diary!
    Mortgage End Date: Apr 36/Aiming for Apr 28/Current Feb 33

    Mortgage OP 2025 £4350/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £39,031
    2029 Holiday fund £181/7000

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • savingholmes
    savingholmes Posts: 28,873 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    That is very good news regarding your handy man being willing to come and work at your new house.
    Thanks I was relieved. I will probably ask him to come asap and change the locks as well as help get curtains up etc. Failing that I have asked my cleaner if she can help on moving day. It should make things less daunting.

    TallGirl said:
    Good news about the handy man if you have professionals move you then you could get him to help you put things in order afterwards like reassemble or assemble furniture and move things around. There might also be stuff you want doing immediately to make the garden safer. 

    Spending on stuff you want and then using the voucher for food makes sense. You've earned with hard work so do spend it. I’ve only ever got a voucher once and I spent it on some golf clubs that I still use. It always reminds me. 
    Thanks TG. Yes I could get him to do something with the terracing as I'm not sure it's secure. Help moving stuff around as you say would also be fab.

    Thanks for the vote for guilt free spends. I struggle not to beat myself up even though I will meet big savings goals this month and next.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £176.1K Equity 32.26%
    2) £2.9K Net savings after CCs, Garage (£1.4K), Holiday (£1.2K) & Art course (£2.9K) + materials
    3) Mortgage neutral by 06/30 (AVC £18.2K + Lump Sums DB £4.6K + (25% of SIPP 1K) = 23.8/£127.5K target 18.66% updated 26/4
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4K approx 26/4/25
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