Mortgage free asap

Tjh1412 · 11 January 2018 at 8:40PM

Thanks everyone for taking time to reply, some great tips. For aditional think I'm going to set a mini target of 1% in 3 months, and then review once we get to March as this time of year is always more spendy than summer.

Taking Bexsters tip about having fun, just booked advance train tickets to London to use a Virgin experience voucher we got for Xmas, hopefully OH can stand the excitement:rotfl:

Not much money news today,though it was an NSD, oh and I dont have to make dessert as I got free cake from work :T good for the budget but not so much for the waistline:rotfl:now sat with the log burner on catching up on diaries and netflix

A_Frayed_Knot · 11 January 2018 at 9:00PM

Welcome . . . to the addictive o/p team :rotfl:

Do you have a sub account on your mortgage at all. This [STRIKE]is[/STRIKE] was what kept my interest going.

Once my monthly mortgage payment came off the total, I would then have a look at either the last 3 or 4 digits on the balance and then decide if I could pay off the odds by making a "knotty" o/p reducing the balance to 00.00 or 0.00 at the end of my mortgage

Do this with your mortgage balance, then sub account and repeat as many times as you like, I'm sure you'll get the hang of it. Lots of small o/p's keeps your interest till your next monthly o/p reduces the mortgage figure once more.

Good Luck

Tjh1412 · 11 January 2018 at 9:47PM

Thanks Frayed, from reading through diaries etc it does seem very addictive, counting down to payday already :rotfl:
No sub accounts, hence why I'm going to try and split it up into 1% chunks, just so I have a goal to aim for, been reading the make £10 a day thread and so I'm gonna see what I can do with all the useful tips there, signed up to a couple survey sites so that will be £4/£1215 but I wont count them until they pay out.

Edit: just looked in the oven to check on dinner and realised OH didnt turn it on:rotfl:off to hunt through the freezer for a MSE way to rescue this

Blibble · 12 January 2018 at 7:52AM

Welcome to the board!

I'm a tad alarmed by how much your OH sounds like me - I'm having flashbacks to when I forgot to turn the oven on last week :eek:

Good job on the spending app - if you've got a lot of money left over might it be worth reducing the term of your mortgage when it's due for renewal, that way you'd increase your OP threshold (presuming you're on 10% maximum OP's p/a)?

pennystretcher · 12 January 2018 at 10:18AM

For motivation I made a spreadsheet showing mortgage total, payment, overpayments, interest and then total for the annual interest. To start with it was just one entry per month for the remaining mortgage period, and the last two years it's been daily counting down the days left in mortgage.

I also have a budget spreadsheet and all income has been rounded down and expenses rounded up. When they are due, I have moved the difference to the mortgage account - going back my records, my smallest OP has been 80p

Also had targets in my calendar for round figures, so when I reached e.g. £15k, £10k marks I did treat myself to something small (my treats tended to be a nice bottle of wine to toast achieving the goal

)

ps I also asked the mortgage company to round up the monthly payment, so e.g. if the monthly payment was £364.34 I'd ask them to take e.g. £375 or £400.

Tjh1412 · 13 January 2018 at 12:03AM

Thanks pennystretcher, I'm not sure if my excel skills would be up to that but it sounds great; do you know of any to download?

Nothing much in the way of money news today, just dinner which is YS lamb that I chucked in the slow cooker, and a free tray of flapjacks from work. Been in on overtime today, 13 hour shifts are a killer; got home and tried to put my cuppa in fridge and take the milk to living room:rotfl: so I'm off for a cup of tea and some quality time with my duvet, thank goodness its the weekend:T

Merchandiser2367 · 13 January 2018 at 7:38PM

Try matched betting

Takes a bit of research to understand it, I started as a complete beginner in November and had a profit of £500 in 5 weeks. Is a good on going earner for a few hours a week.

Try the website 'odds monkey if interested as the offer a free trial and you will make £60/£70 in an hour using this.

Tjh1412 · 13 January 2018 at 7:45PM

Thanks for the tip, my OH dooes a bit of this but I've never been able to get my head around it. Looks like is going to be a busy weekend, I need to:
Go to the shop for packed lunch things for work
Play freezer tetris
Confront the ironing mountain that has built up because OH has had holiday from work and never learnt to iron:rotfl:
Order a new card reader, as mine met its end when introduced to OHs coffee
Sort out 2 lots of dinner and batch cook for the week ahead
List a few bits on eb@y and drop off the charity shop box

Should be doing better but the lure of the fire and cups of tea is proving hard to resist today, though at least I'm too cosy to go out and spend anything :rotfl:

Merchandiser2367 · 13 January 2018 at 8:30PM

It does take a bit of time to get your head around but is well worth it.

We started our OP's in November and managed to OP about £7000 since then...looking to pay off our 21 year, £146500 mortgage in around 3 1/2 years hopefully and matched betting has become a big part of the plan.

Have sorted all saving accounts out as best interest as possible, opened a few mule current accounts to switch to get the free £125 switching bonus etc but matched betting beats all these hands down

jenni_fer · 13 January 2018 at 8:50PM

Welcome and Good Luck!
We were aiming for 45 but realistically we want to move and increase again instead, still a nice aim though!

Mortgage free asap

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