FIRE Through The Mortgage - MF by 55 - LATEST

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  • Luckyinlife
    Luckyinlife Posts: 1,613 Forumite
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    You can do it fire more nsd haha

    ya picture is easy enough i dont work with excel very well myself
    Mortgage--- [STRIKE]£67700 March 15[/STRIKE] [STRIKE]£65221 April 15[/STRIKE] [STRIKE]£64983 July 15[/STRIKE] [STRIKE]£64780 sept 15[/STRIKE] Remortgage [STRIKE]£67295 oct 15[/STRIKE] [STRIKE]£66599 Nov 15[/STRIKE] [STRIKE]£65878.73 Dec 15[/STRIKE][STRIKE] £64834 1st Jan 16[/STRIKE] [STRIKE]Feb 16 £64,511.89[/STRIKE][STRIKE] March 16 £64,056.40[/STRIKE] [STRIKE]April 16 £62550[/STRIKE] [STRIKE]May 16 £62,396.20[/STRIKE] Feb 17 £60.800
    Emergency fund 23k
  • Karmacat
    Karmacat Posts: 39,460 Forumite
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    Ug, I'm rubbish with attachments and uploads here - I can do it on other forums, and on my blogs, but not here.

    Is the £8k in 8 months on track? If there's a shortfall, have you got plans? Excited readers want to know :)
    2023: the year I get to buy a car
  • Firegirl
    Firegirl Posts: 929 Forumite
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    Karmacat, thanks for making me think about this and check I was on track.

    So I have a regular overpayment set up and this makes my credit to capital £950 a month. I need to make sure I move the extra credit to my mortgage balance rather than leaving in the offset mortgage account.

    My brother owes me money and is paying me £100ish a month. I'll transfer this to my mortgage.

    Knowing that Xmas will put a big spanner in the works- I'm also aiming for as many NSDs as possible. Every NSD I'll transfer £5 to my offset savings account and transfer to my mortgage at the end of the month.

    I wanna smash the 19 year target but I don't think I'll make my 14 year target as detailed in my first 2 posts on this thread.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
  • Firegirl
    Firegirl Posts: 929 Forumite
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    Won an award in work today which I can get £20 worth of vouchers for.

    I'm going to get boots vouchers to buy Xmas presents and then transfer the £20 to the mortgage! Now that is discipline from me for a change!

    #backonthewagon
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
  • Firegirl
    Firegirl Posts: 929 Forumite
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    https://www.airbnb.co.uk

    Check out this if you would rent a room out in your house as a holiday let. I might do this when my kids are a bit older.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
  • Firegirl
    Firegirl Posts: 929 Forumite
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    Did a health questionnaire and got £15 Amazon voucher!

    Brilliant! That will help with Christmas!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
  • Karmacat
    Karmacat Posts: 39,460 Forumite
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    Firegirl wrote: »
    https://www.airbnb.co.uk

    Check out this if you would rent a room out in your house as a holiday let. I might do this when my kids are a bit older.
    I can't do it at the moment because my spare bedroom is a counselling room (and I have burnout, fatigue etc! and don't want people in the house). But I know several people who do it successfully, a few on here - one has young kids and sleeps in their room when she has an airbnb peep, another has just started and has had a young family staying. Search airbnb on here :) good luck!
    2023: the year I get to buy a car
  • Firegirl
    Firegirl Posts: 929 Forumite
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    I was thinking during the Edinburgh festival it might be fun to have a family for a weekend. Not sure the other half would be up for it!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
  • jodles16
    jodles16 Posts: 1,477 Forumite
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    Hi Firegirl,

    You may feel your more off the wagon than on, but your doing great still! Sorry about the redundancy things, I went through the same in Jan, at risk is horrid as its all unknown! Loads of staff left the company so no one ended up being made redundant thank goodness, hopefully will be the same for you!

    Jodles :o
    MFW2020 #115 250/3000 J-250
    1% challenge- /1525
    Save 1k in 2020- /3000

    Joining in UberFrugalMonthChallenge set up by the Frugalwoods!
  • Firegirl
    Firegirl Posts: 929 Forumite
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    Thanks for your kind words Jodie's

    I can't believe I'm close to paying of 10k since starting this journey in feb this year.

    The up side of possible redundancy is that everyone is boycotting the Xmas night out so that will save me a bit of cash!!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022 — Target for May 2024 14 Year Target Balance MF50 = £89,535 — Mortgage Balance £106, 000—Target for May 2024! £89,535

    Retirement Planning
    Starting Position : Pension 1-£165,000/Pension 2-£50,000/Pension 3-£9,500/ISA-£87,000/Total-£311,500
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