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Here’s where the story ends…

1565759616264

Comments

  • skint_spice
    skint_spice Posts: 13,166 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Signature updated although it won’t actually come off until tomorrow. 

    A whole new year full of possibilities, hope it’s a good one for everyone 🎉🥳🎉
    Mortgage End Date: Apr 36/Aiming for Apr 28/Current Oct 33

    Mortgage OP 2025 £1850/10000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £42,232

    39 pay days until freedom!

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • beanielou
    beanielou Posts: 94,017 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Hope it’s good for you too x
    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.
  • KajiKita
    KajiKita Posts: 6,236 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    KajiKita said:
    A bold goal! All power to you! 😊👏❤️🤩

    Kk
    My theory is that if I aim and fail I will still do better than just I would just pootling along😂
    I hear you on this. I want to get my mortgage OP goals and the breakdown of where they will all come from on my noticeboard in my office so I can track them … 😊

    KK
    As at 15.01.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £244,153
    - OPs to mortgage = £9,694 Interest saved £4,182 to date
    Fixed rate 3.85% ends November 2029

    Read 4 books of target 52 in 2025, as @ 7th February
    Produce tracker: £11 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. 
  • skint_spice
    skint_spice Posts: 13,166 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well here’s a situation I thought I would never be in… just had to check my mortgage terms as I can only OP around another £4500 in current period - I wasn’t sure if that meant when deal ends in Aug or end of April when it’s my mortgage anniversary luckily it’s annually! I was worried I would have to stash it elsewhere which would mean the interest wasn’t going down so quickly (I know I would have got interest on it elsewhere but it’s a psychological boost😂).
    Mortgage End Date: Apr 36/Aiming for Apr 28/Current Oct 33

    Mortgage OP 2025 £1850/10000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £42,232

    39 pay days until freedom!

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • skint_spice
    skint_spice Posts: 13,166 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I just saw my pr0l!fic summary and I have made £118 since July - not too shabby!

    I am aiming not to buy any clothes in 2025 so let’s see how that goes 😂

    Mortgage End Date: Apr 36/Aiming for Apr 28/Current Oct 33

    Mortgage OP 2025 £1850/10000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £42,232

    39 pay days until freedom!

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • Woo can't wait to see you paying down the mortgage by that amount! I saw my pr0l1fic summary and i'd made £450 since Jan 😯 
    Glad you got your pay sorted. I'm still owed emergency tax from the job I quit in September. Hopefully it sorts itself out end of tax year, everyone I speak to tells me it will automatically be refunded....! New job has got the tax code right from the off so I don't know why some payroll can and some can't. So annoying eh!
    MORTGAGE BALANCE January 1st £118,267.06

    Savings:-
    EF:- £1113.43/3000
    MOP:- £255.73/ 1000 (before August '25)

    Debts 2025:-
    Car- 0/12386
    Carpet -820.70/1500
  • beanielou
    beanielou Posts: 94,017 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Also planning on no clothes or shoes in 2025! 
    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.
  • skint_spice
    skint_spice Posts: 13,166 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 3 January at 12:10PM
    beanielou said:
    Also planning on no clothes or shoes in 2025! 
    We can do this Beanie! Also planning on getting rid of a lot so I can see what I have better. Not sure if I can be bothered selling it though so might CS.

    and in the spirit of full disclosure I must confess I ordered a few things before the end of December so half arrived yesterday and a few more still to come - all Vinted so nothing too spendy😂
    Mortgage End Date: Apr 36/Aiming for Apr 28/Current Oct 33

    Mortgage OP 2025 £1850/10000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £42,232

    39 pay days until freedom!

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • skint_spice
    skint_spice Posts: 13,166 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Woo can't wait to see you paying down the mortgage by that amount! I saw my pr0l1fic summary and i'd made £450 since Jan 😯 
    Glad you got your pay sorted. I'm still owed emergency tax from the job I quit in September. Hopefully it sorts itself out end of tax year, everyone I speak to tells me it will automatically be refunded....! New job has got the tax code right from the off so I don't know why some payroll can and some can't. So annoying eh!
    I hope I manage to overpay that much but I will give it a good attempt any rate!
    Well done on prolific! I need to go on more regularly and perhaps on laptop as lots or not for phones.
     I hope you get a nice bonus at the end of the year from the tax office🙏
    Mortgage End Date: Apr 36/Aiming for Apr 28/Current Oct 33

    Mortgage OP 2025 £1850/10000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £42,232

    39 pay days until freedom!

    ”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: 28,703 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hope your tax is sorted soon. Good luck with the continuing OPs.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K with 227 payments to go - now £177.5K Equity 29%
    2) CC1 £12465 (0% expires Aug 26), CC2 £9208 (0% expires Aug 25) & CC3 £240 (0% exp Mar 25)
    3) CC debt offset by £26.1K savings & £5.1K investments
    3) Mortgage neutral by 06/30 (AVC £17.7K + Lump Sums DB £4.6K + (25% of SIPP 1.18K) = 23.48/£127.5K target 18.4% value 17/1/25
    4) FI Age 60 income target £13.7/30K 45.7%
    5) SIPP £4.7K 17/1/25
    6) Set up new income streams: Start up costs £260
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