our forever patch challenge

sammy70 · 17 October 2013 at 3:37PM

tootoo wrote: »

you're doing great sammy - I have £27 left in my budget until monday. I've had 4 NSD in a row (pre-thinking in the supermarket for extra milk/bread - new thing for me!!).

Hi Tootoo!:T

you are doing well too! i cant believe how much you can save by sticking to lists and meal plans.. in the past i did lists, but found myself popping "bargains" , some useful, but a lot of non essential treats also.

I know its early days into my 36 month challenge to pay off this mortgage, but im finding it so satisfying seeing the savings from such small changes in my habits, today i went to Asda for the main weeks shop, and only spent £73! that leaves £57 to last until next thursday, unless freezers go capput this week should be an easy saving of at least £20!

Next week, going to drop to £120 for the weeks shopping, challenge myself to at least 4 NSDS this week..:j

X sammy X

sammy70 · 18 October 2013 at 6:54PM

Its Friday, yey!

and for me a nsd , trying for at least 4 this week, i enjoy challenging myself ! it keeps me on track and focused on our mortgage savings..

Done enough over time to pay for this weeks fuel in car,we usually pay on c/c for fuel,and pay card off in full at the end of the month, so thats £45 saved out of next months budget which can now go to savings too..

My plan is try to do overtime when available, tho this is scarce, my aim is to cover fuel costs with the money earned from it,when possible, and divert fuel budget to savings, but ill have to see on this one, as overtime only available when covering for sickness/holidays of work mate..

X sammy X

sammy70 · 20 October 2013 at 8:37AM

:oMe and hubby had naughty treat night, pizzas, chocolate, g& ts, need i go on!
was very nice! £36 spent in total, this was shopping money saved from last week, so i suppose some consolation it wasnt out of savings!

Naughty!! and put a pound in weight on this week, so must try harder Sammy!!

X sammyX:o

sammy70 · 23 October 2013 at 4:13PM

Hi everyone!

Well, nearly to the end on month one of my 36 month mortgage free challenge. I get paid Friday, hubby Monday. Ill then go through finances/Savings, im really hoping i can reach my savings goals..

Tomorrow is grocery money day, so as planned will withdraw £120, and £25 each spends for me and hubby.. Though i havent spent any of last weeks spends! Any personal spends saved are going to my horse savings when i reach £100 saved..

Another week this week where i have covered fuel costs with overtime... so thats going well.

Hope everyones keeping positive, we will be mortgage free!!..:rotfl:

x sammy X

sammy70 · 25 October 2013 at 1:24PM

;)Hi, hello to all mfw!

Next friday sees the start of month 2 0f my 36 month challenge to save enough to clear my mortgage. Ive just done calculations following my pay day today, and have met our savings for this month, looking forward to editing my signature 1,11/13 with new mortgage and savings balances!
Hubby gets paid monday, so with a bit of luck we may be able to make one more overpayment to the mortgage too this month.. Will total overpayments for this month on tuesday.

Grocery shopping went well, £80 spent on main shop, £40 left to last until next Thursday..:)

Have a lovely weekend everyone!

x SammyX

sammy70 · 31 October 2013 at 8:23PM

:j We"ve done it! total saved this month towards paying off our mortgage= £736 plus we have overpaid directly to the mortgage-£320.22!

as well as this, our other savings pots have also met the targets , so total saved including the overpayment = £1745.22!:j i cant believe it!

This week ive managed enough overtime to cover next months fuel also, so we are onto a good start for next months savings already.

Just need up to date mortgage balance tommorow, AND we are now going to be below £40k!:T

im so happy! yipppeee the hard work is so worth it!

X sammy X:j

sammy70 · 3 November 2013 at 9:49AM

Well, here i am at the start of month 2 of my 36 month challenge.

Month 1 went extremely well, but this was helped with leftover spends from our wedding, so we dont want to become too relaxed, the next 35 months arent going to be as easy!

Getting sub £40k is a good feeling, why is it so satisfying to get below the next £1k? im already working out how quickly we can get to below £39k!

Shopping budget is going ok, though went a little over this week as a couple of xmas pressies bought, but i will transfer the money from our xmas savings to food/bill account to cover these any way.

Have a nice money saving weekend every one!

x sammy xx

lilyp · 3 November 2013 at 2:17PM

Hi Sammy.

Sounds like you are making great progress already :j

I have a similar dream to you - bit of land, own horse, spend all day in wellies type lifestyle so shall be following your progress. I also have a ccj which I guess is slightly worse than a dmp in most lenders eyes. Am 3 years down the line with everything paid off and I can't even open a new current account let alone be considered be for a mortgage. We are hoping once I hit the six year mark things will improve.

I am a bit confused why you are saving to pay off the mortgage rather than just throwing money at it to get it down straight away. But good luck

sammy70 · 3 November 2013 at 4:16PM

hi Lilyp !

We basically worked out much we need to save monthly over a 36 month period for-1 pay off outstanding mortgage, 2, save for diy needed to sell this house for a decent profit , 3 horse for me!, 4 car that my hubby has only wanted to restore, and 5 build a £10k emergency fund.

Any thing we save over these we overpay on the mortgage aswell, the reason we are leaving the mortgage savings in the account are really just as a precaution, with the recession still ongoing we didnt want to pay everything to the mortgage in case either us lost our jobs.

Good luck with your plans, its frustrating waiting to rebuild your credit, but at least i suppose it gives you time to save for what you want..

XSammy x

lilyp · 3 November 2013 at 5:06PM

Understood. Very sensible way of approaching it all. I guess I am thinking along the same lines (although saving quite a bit less than you) with me on maternity leave if bf should lose income would be a bit of a disaster.

Very excited to see how you get on.

our forever patch challenge

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