My big financial challenge to mortgage freedom

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Comments

  • User1489
    User1489 Posts: 400 Forumite
    First Post First Anniversary
    May I say, respectfully/diplomatically, that I have enjoyed reading this new blog - thanks for sharing with us.

    Wishing you both the best of health and happiness in your new place!

    And yes, i also pick up asda receipts off the floor. It's fun!
    Baby Step 1 - £1k Emergency Fund - COMPLETE
    Baby Step 2 - Pay off all debts except the Mortgage - £9,326 to go
    Baby Step 3 - Save 6 months of expenses into full Emergency Fund - £4,300 to go
    Baby Step 4 - Put 15% into Pension
    Baby Step 6 - Pay off the Mortgage early
    Baby Step 7 - Live like no-one else :D
  • tattycath
    tattycath Posts: 7,175 Forumite
    First Anniversary First Post
    rasputin_thorpedo wrote: »
    May I say, respectfully/diplomatically, that I have enjoyed reading this new blog - thanks for sharing with us.

    Wishing you both the best of health and happiness in your new place!

    And yes, i also pick up asda receipts off the floor. It's fun!

    Thank you.
    I shall continue to follow your thread too and pick up more hints and tips to moneysaving freedom. :j
    GE 36 *MFD may 2043
    MFIT-T5 #60 £136,850.30
    Mortgage overpayments 2019 - £285.96
    2020 Jan-£40-feb-£18.28.march-£25
    Christmas savings card 2020 £20/£100
    Emergency savings £100/£500
    12/3/17 175lb - 06/11/2019 152lb
  • tattycath
    tattycath Posts: 7,175 Forumite
    First Anniversary First Post
    Today I found 5pence on the floor. :)
    I went to @sd@ and bought a free chocolate bar - I put the receipt through Shopmium. :)
    So for the next few days we will be going backwards and forwards sorting out our new place. :) looking forward to getting some furniture and moving in. :)
    GE 36 *MFD may 2043
    MFIT-T5 #60 £136,850.30
    Mortgage overpayments 2019 - £285.96
    2020 Jan-£40-feb-£18.28.march-£25
    Christmas savings card 2020 £20/£100
    Emergency savings £100/£500
    12/3/17 175lb - 06/11/2019 152lb
  • A_Frayed_Knot
    A_Frayed_Knot Posts: 3,296 Forumite
    First Anniversary Name Dropper Photogenic First Post
    tattycath wrote: »
    Today I found 5pence on the floor. :)
    I went to @sd@ and bought a free chocolate bar - I put the receipt through Shopmium. :)
    So for the next few days we will be going backwards and forwards sorting out our new place. :) looking forward to getting some furniture and moving in. :)


    Good news on getting your keys, you will be very busy for a while now. Ok, now I know its late, but what's this "and bought a free chocolate bar" obviously I'm missing something here :rotfl: :o:p


    Not been on here much as been helping a friend clear out her dad's house, then that put me in the mood, and I started on my own (just to make room for some nick nacks she gave me) carlton ware, eamon glass, and a few others. Delighted.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
  • EatingTheElephant
    EatingTheElephant Posts: 1,373 Forumite
    Congratulations on getting the keys, enjoy moving in and making it your home.
  • tattycath
    tattycath Posts: 7,175 Forumite
    First Anniversary First Post
    A_Frayed_Knot wrote: »
    Good news on getting your keys, you will be very busy for a while now. Ok, now I know its late, but what's this "and bought a free chocolate bar" obviously I'm missing something here :rotfl: :o:p


    Not been on here much as been helping a friend clear out her dad's house, then that put me in the mood, and I started on my own (just to make room for some nick nacks she gave me) carlton ware, eamon glass, and a few others. Delighted.

    Shopmium. My introductory offer was for me to purchase a specific bar of c@dbury chocolate and then I upload the receipt. I send pic to Shopmium on phone and it sends me the money for the chocolate into my PayPal account. :)
    Well done, helping your friend. :)
    I love old pottery and glass. I did get rid of most of mine when I moved in with ex mr t. No room, too much to dust etc etc lol
    GE 36 *MFD may 2043
    MFIT-T5 #60 £136,850.30
    Mortgage overpayments 2019 - £285.96
    2020 Jan-£40-feb-£18.28.march-£25
    Christmas savings card 2020 £20/£100
    Emergency savings £100/£500
    12/3/17 175lb - 06/11/2019 152lb
  • tattycath
    tattycath Posts: 7,175 Forumite
    First Anniversary First Post
    Ok, so I was paying a mortgage that was never in my name and it felt good to be getting the balance down.
    Fast forward to getting a mortgage in my own (and DDs) name and its a totally different ball game. I felt nauseous when I saw the balance on my account. The fact that we are now paying £8.72 A DAY! On interest alone is not a good thing.
    Although it felt good to overpay 'the other' mortgage, there was no reality to hit home as it was never my 'legal' responsibility. Now I have one of my own, the excitement is tinged with physical headache and stress. I'm hoping this will settle once we have finished chasing about and get settled in our new home. :)
    GE 36 *MFD may 2043
    MFIT-T5 #60 £136,850.30
    Mortgage overpayments 2019 - £285.96
    2020 Jan-£40-feb-£18.28.march-£25
    Christmas savings card 2020 £20/£100
    Emergency savings £100/£500
    12/3/17 175lb - 06/11/2019 152lb
  • tattycath
    tattycath Posts: 7,175 Forumite
    First Anniversary First Post
    Starting to plan.
    The initial plan of attack is to try and drop the mortgage balance by at least £1000 each month, how feasible, practical and possible the reality of this is, I'm not sure at this stage. If I manage 1k a month, it should take me just over 148 months to clear it.
    It's definitely a target to work towards. :)
    GE 36 *MFD may 2043
    MFIT-T5 #60 £136,850.30
    Mortgage overpayments 2019 - £285.96
    2020 Jan-£40-feb-£18.28.march-£25
    Christmas savings card 2020 £20/£100
    Emergency savings £100/£500
    12/3/17 175lb - 06/11/2019 152lb
  • greent
    greent Posts: 10,671 Forumite
    First Post Name Dropper First Anniversary Photogenic
    Great that you've moved - very best wishes for you new home x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    Net sales 2024: £20
  • Jelllibeanz
    Jelllibeanz Posts: 191 Forumite
    First Anniversary Combo Breaker First Post
    Congratulations TattyC.

    I loved reading your previous diary. Wishing you and littl'un a very happy, healthy fresh start x
    Onwards and upwards with the occasional kick up the butt required! ;)
    Mortgage '09 = £103k Feb '17 =£79.9k, Aug 17 = £69k Mar 19 = £61k
    Aiming for 10% OP in 2019 - £1320.95/£6100 £3420/£3520 credit card at 0%
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