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Looks lovely.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.2 -
Had a walk at a different beach today, and fir work😂
Did some holiday prep today just parking to book and packing.
Claimed payout from 0nep0ll again🎉Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)5 -
Well done on the free money. Love that you're putting money towards a big holiday. I'm not surprised reduced hours are calling your name - they are calling mine too but I can't answer yet.
Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 £4.8K updated 29/7/252 -
I am now on holiday 🎉 not away until next week but my work phone is OFF!
Had a lovely day out with a friend on Wednesday to a gorgeous beach and went swimming outside for the first time this year, boy it was cold!
Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)3 -
I’m actually talking myself out of retirement at 60 though and thinking I may leave it a few years although with even further reduced hours, we shall see how things go. Do you think you will be able to reduce your hours soon SH?savingholmes said:Well done on the free money. Love that you're putting money towards a big holiday. I'm not surprised reduced hours are calling your name - they are calling mine too but I can't answer yet.
Good news is that I only have one more year and my NI contributions will be there for full pension (was opted out by previous employer).Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)4 -
Hi Skint
Your photos are lovely as ever.
I think I have met the NI contributions requirement for full SP (as long as they don't move the goal posts again). It's more that I have a huge to me mortgage so if there is no stock market growth or loss I should hit mortgage neutral by age 62 - if I can continue contributing at the same rate. I am hoping that it will be sooner (closer to 60) if my investments increase. And if I got VR - not currently on the table - I'd get a decent lump sum which would help offset the income loss. Currently I'd like to leave where I work now no later than 60 as it's not exactly an uplifting environment - but the £ is decent. If I was going to stay longer - I could reduce my pension input and drop a day a week. I'd struggle to reduce down more than that though and I'm not convinced I'd gain enough for it to be worth working longer to get to mortgage neutral.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 £4.8K updated 29/7/253 -
Lots to think about SH but at least your decisions and actions have made your mortgage neutral date a bit closer.Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)2 -
Back from my holiday and I was ever so happy to spend a night in my own bed! Had a lovely time, what’s not to like in Italy - fab food, beautiful scenery and friendly people.
I have been reading A Year of Living Simply and now convinced I need to get rid of lots of stuff, let’s see how that goes…
Still have some money left so that’s good😂Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)6 -
Pay day so all pots replenished! Mortgage won’t come off till Monday.
First day back to work and it’s a late start and early finish so not too bad, might go for a walk as the sun is shining for once.Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)3 -
Delighted to see the £100 fair share message when I opened my banking app just there🎉Mortgage OP 2025 £6750/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £35,463
Declutter 12/244
Money making challenge £58/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)1
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