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  • FIRST POST
    • sammy70
    • By sammy70 24th Sep 13, 4:58 PM
    • 470Posts
    • 1,274Thanks
    sammy70
    our forever patch challenge
    • #1
    • 24th Sep 13, 4:58 PM
    our forever patch challenge 24th Sep 13 at 4:58 PM
    well, this week sees the new start to my mortgage free plans. After 18 months clearing debts, then paying for our wedding, which took most of our hard earned savings, we are at the beginning again.

    Due to restructure at work, OH is on a reduced monthly pay, so the savings are even more of a challenge!
    Our plan is over the next two-three years, build up savings , and make over payments, untill we have enough saved to clear the outstanding balance owed on our mortgage, then sell this house, and use the sale proceeds as deposit on our "forever home", we really want somewhere with an acre or so of land, to allow me to have my own horse again, and OH to have garage/workshop he has always wanted.

    we both get paid this week, i will open new savings online, and let the challenge to get our new home begin!, we get married on Friday, this will be the start of our married life adventure too, !!
Page 28
    • sammy70
    • By sammy70 12th Aug 17, 11:18 AM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    Another weekend of changable weather! we really need it to dry up a bit, so hubby can crack on with the stonework in preparation for the roof sheets, wood etc being hopefully fully completed in the week we have off at the end of this month

    We have gone through the costings for rehiring machinery, materials required, wages to pay, and we reckon another £3000 to find
    Ive totted up, and in total including this extra, the roof replacement will have cost us £10,000.. of course it had to be done, but its stil hurts!

    Im going to have to borrow from emergency fund, which i dont like but weve no choice, and some costs will be on c.card.

    I love a challenge though, and have made the decision that after this month, until 1/1/18, will concentrate on making sure all costs for the roof are cleared, whilst overpaying, and adding to our p.bonds too.

    Its going to be hard, but if we can do this it will mean in spring 2018 we can make a start on the next project, more fencing, gates and best of all my stable! (well, stable for my horse!)

    Made £50 overpayment 7th August, bringing the new mortgage balance to £234,300
    Total overpaid £4,033.08
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 19th Aug 17, 9:46 AM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    here we go again
    We decided to hire the macine lift to help make doing the stonework easier , so 2 weeks hire. It has arrived this morning, wrong size machine that wont fit in the workshop. Called plant hire company, closed till monday!! arggghh
    And to add to the joy, its pi**ing down with rain again too!!

    Must keep positive..

    Ive done loads of overtime this week, which though i dont et paid, i can use the hours for days off in lieu, so i have 3 days holidays extra accrued, which will come in handy ...

    Pay day for us both next friday, then we break up for a week, fingers crossed for a good week to allow us to get this bl**dy roof completed!

    Not a lot happenning financially, ive kept to the foodbugdet and meal plan, which will help. I will be getting super frugal after this month and roof done, to pay back extra roof costs, and i want also to bring our overpayments to date to £6000 by xmas eve.. lets see..
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 22nd Aug 17, 6:25 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    Roll on the weekend!
    Nearly the weekend, then we are off for 10 days

    The machine was swapped today, we made use of the big one, hubby fixed the flashing on top of the half of the roof we have already done, and sorted a bit of stonework, so it came in handy.

    Today we have ordered roof ladder to hire, arranged delivery of sand, cement and lime for stonework, chased up remaining delivery for roofing materials, and swapped the machine, so a productive day

    All we have to pay out now for the roof project is wages for help for a couple of days, son and hubbys brother, we insist on paying them, as its hard work and i wouldnt want to ask for help, particularly when they are having time off work to do it, if they wouldnt accept, its just how we are.. so £500 to put aside on payday, and hopefuly thats it..
    the workshop will have cost, for roof, new door, door stonework repair/rebuild, a total of £15,500 this year, but it is a massive old building, and other than bits hubby is doing himself, wont need anything else for many years, nd hubby has his dream workshop too.
    We both get paid friday, so i will be doing the budget, and starting getting savings rebuilt, no more projects this year, 2018 we want to be ready for round two , fencing and stable, woodstore and gates being the first project..
    I also want to reach £6000 by xmas in overpayments..

    Lots of careful planning and budgetting ahead for us!
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 26th Aug 17, 4:38 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    lonnggg weekend!
    This week has been really busy, both hubby and i working long shifts at work, in between organising roofing materials.
    Disaster struck yesterday, the delivery of roofing flashing etc was dropped off 7am when we were both at work, hubby got home, to find they had left totally different stuff to what we ordered, and as this company is in wales, its not a quick job to sort

    After feeling sick with stress calling and trying to get it sorted, we are supposed to be having the correct material dropped off tuesday, which if this doesnt happen will be a total nightmare, fingers crossed for a accurate delivery

    We were both paid yesterday, all bill money, spends, and food money, petrol etc accounts fed this months budget.. made my usual basic £150 overpayment, plus £150 p.bonds bought for emergency fund.

    Ive left the remaining cash in my savings, from which remaining costs for roof will come from. Any cash left, will be devided between paying mortgage, savings, and paying back what we borrowed for foofing stuff, i will do this every month until savings rebuilt, and costs paid back (aiming for 24th dec 2017 to complete this task)
    Ah well, must get on with chores, then tea to make, and a relaxing evening, the first day of out ten days off.
    I really hope in ten days we are going back to work, with a totally completed workshop roof
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 30th Aug 17, 3:45 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    Ahh, the joy of DIY
    The roofing project is coming on slower than expected, as poor hubby doing all the pointing/ stone repairs etc in preparation for the roof sheeting gong on at the weekend on his own..

    Son coming saturday and sunday to help with this, and i will be helping with the sheets too, as its a 3 man job oiking them up into position.

    Ive spent last few days clearing the dreaded ivy, still loads to go at, will take rest of week, and more besides to complete i think
    Oh well, it will be worth it..

    Doent look like much cash if any will be left for afurther overpayment this month, this bl**dy roof has cost a fortune!

    Next month will be getting stuck in to paying back the roofing costs (balance owing will be confirmed when the project is completed at last!), alongside overpaying, i will still be aiming to reach a total of £6000 in overpayments by end of december 2017, aiming for £7000 in 2018
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 3rd Sep 17, 12:01 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    nearly there!
    well, after hubby, son and i spent mammoth day fixing the massive sheets to the workshop roof, and hubby has spent every day over the last week repairing and grouting stonework, dare i say it, we may have actually, at the end of today, got the new roof on the workshop!!

    Today hubby, son and hubbys brother and friend are going all out to get the flashing, and last bit of major stone repair/last 4 roof sheets on

    There is still plenty of pointing left generally to do, but if they get what they plan done today, anything left hubby and i can manage, no more paying out for machine hire/tool hire/labor (on this project anyway)

    We are skint, and we owe a total of £8800 back to savings to cover the extra costs. The workshop overal cost us to reroof, get door lintle replaced, widen and repair access,nw roller shutter door, a total of £15,500 but i dare say that would have been double if we had paid a company to do all the work involved, so it is still a bargain..

    We have worked so hard, im aching, and covered in midge bites, but it has been worth it to have a lovely sound workshop, that was hubbys dream
    The mortgage has gone out,d/d £1208.83, monthly interest was £425.35, leaving the balance at £233,366.52
    Made overpayment of £66.52, to round the new balance as of today to £233,300

    SO, my challenge for the next 4 months is to pay back the £8,800, and carry on making overpayments, to reach my 2017 target of £6000 made to date by dec 31st , mmm at this stage im scared, dont know if we can do it, hey-ho, here goes!
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 10th Sep 17, 3:59 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    Well, we can relax, the roof is completed, and boy am i glad, as its rained nearly every day since , if we hadnt got it completed when we did it would have been a costly delay..

    Now, we can concentrate on rebuilding savings in preparation of spring 2018s project, stable, stockfencing, gates and stonewalling
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • try harder
    • By try harder 11th Sep 17, 4:39 PM
    • 473 Posts
    • 1,533 Thanks
    try harder
    Wow what a few weeks you have had whilst i have been away but sounds like its all been worthwhile ,maybe you can sit back now and have a little rest before you start again ,loving the sound of the sheep and the horse .
    • sammy70
    • By sammy70 20th Sep 17, 10:01 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    Pay day for hubby and I next week, and boy are we ready for it!
    Its been a tough month, our laptop decided to go capput last week, so we had to replace it, only got a cheap ideapad, that's all we need, but £159 to find that wasn't expected

    Its our wedding anniversary next week, 4 years on the 27th, how time flys, that's where I started this diary, the weeks leading up to our wedding.. its also hubbys birthday on the 26th, I bought him a small gift, and we have bought small joint gifts , and plan a pamper day on our anniversary, we have booked next week off work to spend quality time together, and get a few little jobs done of course!

    The grocery budget has done well this month, the savings from that, and other bits and bobs helped a little towards paying for the new laptop. Unfortunately no mortgage payments since the start of this month, but I'm sitting down with paper and pen tomorrow to plan payday budget, we need to pay back £8,627 for roof costs, I so want to get this sorted, whilst still overpaying, so that's the next few months challenge..

    I love a challenge, I want to get project stable started in spring, roof costs need paying first, so head down and get those pennys working hard for us!!
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 21st Sep 17, 6:28 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    Nearly the weekend, cant wait!

    Aldi shop tomorrow, filling my car with diesel, then thats me spent up until pay day, but we have everything we need

    Looking forward to making an overpayment, ive got withdrawal symtoms!
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 23rd Sep 17, 1:01 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    relax..
    Well, hubby and I have begun our last full week off until xmas hoiliday staycation, and I cant imagine anyware id rather be than here in our lovely home, working together on our land and projects

    We celebrate hubbys b.day on Tuesday, and 4 years of marriage on Wednesday

    I did aldi shop, meal planned, and enough meals for at least 14 days

    Money will be tight for the next few months while we pay back roof money, and then begin saving for next project to start in spring 2018..

    I intend being as frugal as possible, while enjoying our time together and eating well..

    I plan to continue mortgage overpayments, just on a lesser scale until we are sorted, so lots of mini challenges ahead.

    Im considering trying the stay sober on October challenge, but don't know if that is achievable, I love my one or two g&ts at the weekend.. I will think about it though

    Payday Monday for me, Thursday for hubby, it will be a matter of bills paid, and rest divided between mortgage, p.bonds and repay roof fund..
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • EatingTheElephant
    • By EatingTheElephant 23rd Sep 17, 1:11 PM
    • 1,124 Posts
    • 6,055 Thanks
    EatingTheElephant
    Well done on getting the workshop roof completed, what a fantastic achievement,

    Enjoy your celebrations this week.
    • sammy70
    • By sammy70 28th Sep 17, 1:56 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    payday shuffle
    Today all bills paid, also £534 off roof costs, £300 overpayment to the mortgage, and £200 of p.bonds bought, so a good day

    New mortgage balance until standard payment goes out on 1st October=£233,000
    owing to roof=£8000
    P.bonds held £14,350


    Heres to a month of making as many savings as possible, to maximise overpayments

    To start, we have just received a letter stating hubby is getting a cheque for £331 from Halifax, a refund on charges for his mortgage with his nightmare ex, as soon as that arrives, its going off the mortgage

    Also, I'm awaiting a refund from westfield, £76 for hubby and is dental costs, that also is headed for overpayments..

    right, off out in the sunshine
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 30th Sep 17, 2:22 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    happy weekend!
    Just finished housework, found an old receipt for vodaphone phone voucher an old colleague gave me ages ago as she had moved providers, tried it, and it gave me £10 bundle, 200 mins and unlimited texts for 30 days! and I thought it was rubbish for the fire!!

    Tilly tidied my current accounts in preparation for October overpayment, I'm raring to go!

    Ive done a meal plan for the next 14 days, so only fresh stuff and bits and bobs to buy for the next week or so, so savings to be made there too towards the mortgage.

    Also, after numerous problems, ive managed to get out of the contract with bt, changed to plusnet saving us £20 a month!
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 2nd Oct 17, 10:13 AM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    new month
    The direct debit of £1208.83 has gone out , leaving a balance of £232,201.02
    the interest for September was £409.85, daily interest £13.66.

    We have made an overpayment of £101.02

    So the new balance is - £232,100

    the total overpayments we have now paid to date is- £4,650.62

    Heres to a frugal month of savings for mortgage freedom
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 4th Oct 17, 7:48 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    today, thanks to westfield paying back hubby and my dental costs claim, and a tilly tidy on the accounts, I managed an overpayment of £100, rounding our balance off to a neat £232,000

    Also, our savings in the premium bonds had a small £50 boost, we had a win of £50, and we have our prize money set to reinvest, so a new total of £14,400 in the bonds now
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 12th Oct 17, 10:31 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    well, had no phoneline or internet for a week!
    Turns out, after all my ignored complaints to bt, that the wiring underground was badly worn/damaged, now its being repaired, I no longer have the crackling noise ive being complaining about since we moved in!
    I called bt today regarding compensation, due to being overcharged for fibre broadband that we cant even get, the crackly line, and no phone etc due to damage, my months of calling them and not getting it sorted, and the indian call centre operator, after listening to it all, said best they could offer is £10.75!! I think not.. I'm now awaiting a call from a complaints person, apparently they will be call Saturday teatime, if they don't sort this fairly I will be taking it further, what a scandalous rip off, and rubbish customer service!

    on a happier note, the £331 cheque has arrived, being cashed, and £100 paid off mortgage, £100 off roofing costs, and rest off credit card, so happy days!

    Hubby and I spent last sunday log cutting, we now have all the pine trees chopped into logs, awaiting use in 2019 when they will be ready, sappy wood has to be left that long to dry/season, also we chopped pallets for enough sticks for weeks, and wood to last half of winter, we are wood wombles, collecting old pallets for sticks, and our fallen large beech tree branches for our collection, you cant beat free fuel! and log chopping burns the calories
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 13th Oct 17, 8:09 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    Its the weekend!!


    At last its the weekend hopefully the weather wil be warm as predicted so we can get some outdoor jobs up to date.

    I'm really pleased with our wood stocks, and with careful planning we have enough wood and trees to never have to buy wood at all. We are lucky to have mature wooded areas on our land, quite a few need felling due to age and being damaged etc, we will start felling more in spring. Hubby is planning to build 2/3 wood stores in spring, so we can organise stored wood and use seasoned wood at the correct time.

    Meal plan for the next ten days done, so only top up shop next week, grocery budget has gone to plan again this month, I'm sticking to the £80 weekly budget for all food, toiletries, dog and bird food, and cleaning products
    Last edited by sammy70; 17-10-2017 at 9:41 PM. Reason: spelling
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
    • sammy70
    • By sammy70 13th Oct 17, 8:13 PM
    • 470 Posts
    • 1,274 Thanks
    sammy70
    lucky pooch
    my little doggy had a stroke of luck last week, I always enter all competitions for freebies in the smallholding magazine we subscribe to, and we had our first win this week! well, pooch did, a large bag of expensive fancy dog food, retails at £49.99!!, so that's her grub sorted for the next month
    Last edited by sammy70; 17-10-2017 at 9:39 PM. Reason: spelling
    current official end date of mortgage= 2037-aiming for 2030

    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 25th nov 2016- oct 2017 £4,850.62

    balance of mortgage currently = £231,900:eek 11/10/2017
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