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    • misscousinitt
    • By misscousinitt 1st Mar 11, 1:49 PM
    • 3,503Posts
    • 20,086Thanks
    misscousinitt's MF Diary
    • #1
    • 1st Mar 11, 1:49 PM
    misscousinitt's MF Diary 1st Mar 11 at 1:49 PM
    Hi all

    I have posted on here before about becoming MF, but not alot was done as we had the wedding last year and that seemed to take up most of our time.

    We are debt-free, have savings and have a tiny mortgage compared to most (approx £19k) - but on a fixed rate of 6.29% until June 2012 - so not a huge scope for overpaying, but we want to make a start.

    Mortgage and house has now been transferred into both our names so I thought that it was now the best time for us to start overpaying.

    DH is on board, but as I deal with all the day to day money then it will fall to me to decide how much each OP will be and down to me to actually go and make them.

    I've only set a small target for this year - just £750; but we will see how it goes as we could overpay up to approx £1800 under the terms of the mortgage.

    Overall goal is get the mortgage down so when we do move we get into less debt. The ultimate goal will be MF by the time I'm 50 (11 years and 1 week!) but that will all depend on how big our next mortgage is and how circumstances change.

    First over-payment made yesterday of £70.
    Mortgage Free x 1 03.11.2012 - House rented out Feb 2016
    Mortgage No 2: £96,928.40 (07.03.2017)
    OP's to Date £300

    Renovation Fund:£944.75; Kitchen Fund (including re-wiring): £notalotleft; Roof Fund £0 - all done
    Nectar Points Balance: £35.49
Page 123
    • misscousinitt
    • By misscousinitt 14th Mar 17, 3:08 PM
    • 3,503 Posts
    • 20,086 Thanks
    Was interested to read on Alex's thread about Poverty Mentality! I looked it up and I think this is the reason I am fighting with myself. It's an interesting concept and one I need to grasp I think. Obviously on here we are focused on money - but it's how to make the best of what we have got and I think I have been thinking far too much about how much I won't have if I go SE (moneywise) - but I need to think about all the things I will gain like my heath, my mental health, time, job satisfaction etc...

    Jobs finished round Mum's for now - she was very grateful.

    Charity job to be done later after shopping, petrol and prescription fetching - at least it will be out of the way.

    Will ring DH and ask him to get chopping and grating so I can get tea and tomorrow's tea sorted when I get home.

    Forgot to mention that we finally have a radiator in the kitchen - shame it's taken till the weather is getting better, but I shouldn't be un-grateful £50 from renovation pot paid for the fitting (plus he drained the system and re-set the boiler and it seems to be working alot better now).

    A bit of money from Toy Fair etc... paid in today - will transfer to the CC.

    I made a bit of a booboo by paying our over-night stay off the wrong CC! Oh well, can be easily jigged around - just need to adjust spreadsheets and pay the right account!! It is looking like we might be able to clear the CC that we owe on for the kitchen and the roof by the end of this month - that will be fantastic! and a big weight off my mind.

    Tonight's tea is chicken stir fry; tomorrow's is HM Cottage Pie...

    Mortgage Free x 1 03.11.2012 - House rented out Feb 2016
    Mortgage No 2: £96,928.40 (07.03.2017)
    OP's to Date £300

    Renovation Fund:£944.75; Kitchen Fund (including re-wiring): £notalotleft; Roof Fund £0 - all done
    Nectar Points Balance: £35.49
    • Karmacat
    • By Karmacat 19th Mar 17, 11:42 AM
    • 26,929 Posts
    • 143,768 Thanks
    Poverty mentality ... being around my brother has shown me that I have a huge problem with this. Must work on it!
    Retired August 2016

    Goal: earnings of £25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
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