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  • FIRST POST
    • sammy70
    • By sammy70 24th Sep 13, 4:58 PM
    • 477Posts
    • 1,296Thanks
    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 27
    • sammy70
    • By sammy70 1st Jul 17, 12:41 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    we are in the £235's!!!

    The interest was applied to the mortgage today, £416.40- £13.88 daily for June

    The direct debit goes out monday -£1208.83, which leave a balance of £235,757.57

    Sooooooo, made another overpayment using the cash i saved to pay £57.57, which rounds our mortgage balance to a neat £235,700

    our mortgage balance has now reduced by approx £10,000 from the start of it, 28th November 2016, and the total we have overpaid is £3,314.14

    Im really happy with the progress we have made, we are working hard for it though, hubby has been doing plenty of overtime, we dont want to have him doing this long term though, in the next year or two he wants to look to reducing hours so he can do more at home in the workshop etc, we will have to get our thinking caps on on ways to earn more from home, we have the land and buildings.. a new challenge for the near future i think
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • sammy70
    • By sammy70 7th Jul 17, 8:10 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    Just a quick update, managed another £150 overpayment, cashed in some £2 coins.. new balance £235,550
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • try harder
    • By try harder 8th Jul 17, 9:26 AM
    • 503 Posts
    • 1,620 Thanks
    try harder
    I like a nice neat number and well done getting into the £235s you are storming through this mortgage sammy70.
    • sammy70
    • By sammy70 14th Jul 17, 6:53 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    Thanks for dropping in tryharder, i have to agree, i have OCD i think when it comes to rounding balances down to neat ammounts.. i keep looking at ways to pay that annoying £50 on my mortgage balance, £235,500 looks so much neater than £235,550, dont you agree?

    We have ordered the boom lift for working on the roof, materials are being costed, hopefully all will come together to start work on the workshop roof 21st of this month.. we have booked a week off work, its an area of 204 square metres of roof to cover, a mammoth task for hubby, son, and me (im going to be the labourer lol), but as always, we will rise to the challenge, nothing ventured

    Another NSD day for me today. Im doing really well on keeping within my £80 a week grocery/dog food/cleaning product budget, im determined to save as much as we can, as we will have to borrow from our savings for the roof, and i want it paid back by the end of 2017
    Off for a nice soak with my book, heres to a relaxing weekend .
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • Viking_mfw
    • By Viking_mfw 14th Jul 17, 7:41 PM
    • 60 Posts
    • 266 Thanks
    Viking_mfw
    Loving the neat round numbers... definitely appeals to my sense of tidiness!
    • EatingTheElephant
    • By EatingTheElephant 14th Jul 17, 7:48 PM
    • 1,152 Posts
    • 6,174 Thanks
    EatingTheElephant
    Great progress, good luck with the roof, hope it all goes smoothly. That's a big job that will soon be crossed off the list!
    • sammy70
    • By sammy70 14th Jul 17, 8:52 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    thanks Eatingthe elephant, i must say its nerve wracking starting such a big project, but weve decided if we can take our time, and with hubby being so handy, we can do most jobs to as good a standard as a tradesman, better in some cases. We have many times paid for jobs doing, and thought afterwards we could have done better. I suppose if its your home you just put more love and care into it.
    Dont know if its just us, but its a real struggle getting quality workmanship these days...

    Am i turning into victor meldrew?? gulp
    Last edited by sammy70; 14-07-2017 at 8:52 PM. Reason: spelling
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • EatingTheElephant
    • By EatingTheElephant 15th Jul 17, 8:51 AM
    • 1,152 Posts
    • 6,174 Thanks
    EatingTheElephant
    I completely agree Sammy! That's why we do so much ourselves too. I'm very rarely happy when other people do work for us, plus all the chasing and lack of planning really winds me up!

    That said, if I am impressed, they must be really good so I do go out of my way to recommend them.
    • try harder
    • By try harder 15th Jul 17, 9:58 AM
    • 503 Posts
    • 1,620 Thanks
    try harder
    Thats a big area sammy but sounds like a great workshop ,i need one of those but sadly i dont have a big enough garden .
    Well done on keeping within budget too .
    Have a great weekend i can picture you in your lovely home and garden .
    • sammy70
    • By sammy70 15th Jul 17, 2:11 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    Hi Tryharder. Our workshop is an old stone building that in the1800's formed one of a number of buildings that was a brickworks on this site. The other part of the buildings were demolished as they fell into a derelict state, when we were making the track to access the top field, we removed quite a few tonnes of old stone from these former buildings, which we have piled up ready to be used again..

    There is a lot of history to our house and land, i plan in the future to find out more about it, its fascinating thinking of the lives lived out where we now live, we feel priveliged to be part of it. The previous owners gave us the old deeds covering right back in time , with various owners, including the local estate, a wealthy landowner, a mine owner, the railway, to name a few.

    We are so lucky to have found this property, its as if it was waiting for us, and though we have a lot of work to do its worth every bit of money and work involved to have it, cant wait till the fencing /gates etc for our animals are completed, 2018 will see the animals arrive, cant wait!

    Have a lovely weekend everyone
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • sammy70
    • By sammy70 20th Jul 17, 9:07 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    woo hoo! cashed in £150 from £2 coins i saved, and made an overpayment with it, so new balance £235,400

    We wont have anything spare to make any more overpayments this month, we will be lucky if we scrape every last bit of cash needed tp pay for roofing on the workshop.. ive totted up, and including materials and machine hire etc, its cost us £5,545
    But, would have cost us at least £3-4,000 more to pay someone to do it.. lts going to be a tough busy week for us next week getting it all done, i hope there arent too many mishaps we had saved most of the money, and with all the overtime, and our yearly bonus we get in this months pay, we should just scrape through to clear the credit card on which i bought the materials..

    We break up for the week, me tommorow, hubby saturday, then its all systems go for the work on the roof. ive bought in lots of nice food and drinks etc to keep up morale, my son is helping too, he also has booked the week off work bless him
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • sammy70
    • By sammy70 24th Jul 17, 6:13 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    Day one of the roof refurbish.. ive been collecting forgotton last minute bolts etc, changed cordless drill that decided to pack in yesterday just when we needed it , got an exchange as was only bought in february, but i could have done without th time wasted to get the replacement ...

    Mishap 2, the people delivering the wood decided to call halfway through the day, to say the suppliers were behind with our delivery due to the treatment processing or some c**p, and now it wouldnt be with us till bl**dy wednesday!, after me throwing a wobbly, they offered some more expensive wood that they had in stock, for no extra charge, and delivered it within
    the hour! the power of an angry woman knows no bounds..lol

    And last but not least, EE network in our area is zilch since friday, ive had to ring all the suppliers on the landline to let them know we have no mobile access, as id given them all my mobile to ring with any problems, and when the delivery was nearly here, so we could let the driver know how to find us, as we are pretty hidden away..
    thats 3 hiccups, so i think thats enough!! we need to get caught up, no more mshaps hopefully!
    my pay day tommorow, its all going to pay the materials on the credit card, may manage a £50 overpayment to cheer me up
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • sammy70
    • By sammy70 28th Jul 17, 10:44 AM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    Oh crappy dayyyyyyyyyy!!!!

    Well the week of the roof refurb just get crappier!

    None stop heavy rain/showers, the damn old sheeting has taken nearly 5 days to remove due to countless rusty nails and layers of tar or some such bodging repair material..and the difficult access . The roof sheeting we bought was delivered , one broken skylight, and two missing flashing pieces, which have now been delivered.. the lift we hired sprung an oil leak on the hydraulics last night, so i was up at 6 calling the plant hire company, who in their favour had someone out, and machine repaired for 8.30am this morning..

    Weve rallied round for extra help, but if that roof is on before we go back to work monday it will be a miracle
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • sammy70
    • By sammy70 29th Jul 17, 4:05 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    Today is a bit better for us, the rain has held off up to now..

    Overpaid £200- so the new balance is now £235,200

    And good news, we are now a registered smallholding with our own CPH number which arrived today,so we are all set to get the sheep in spring:

    We have a tough few months to rebuild savings after this roofing project, which has ended up costing more than planned, so super budgeting from now until xmas, i want to be able to continue overpaying, and rebuilding savings..
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • hugglemonster
    • By hugglemonster 29th Jul 17, 6:43 PM
    • 314 Posts
    • 1,440 Thanks
    hugglemonster
    I don't venture on to the MFW board very often as I'm way off being in that position with still quite a bit of debt to repay, but I wanted to read a diary to remind me of where I'm aiming for and yours stuck out. I've read the whole thread and I have to say wow you're amazing with what you've achieved and am so pleased you're loving your forever home.

    Your family are obviously hard workers and it's paying off, you're so driven but as you mention even the smallest payment makes a difference.

    Thank you for sharing your story, we dreamt of living in the countryside but to be honest we like our house and we're 5 mins from the sea on one side and 5 mins from the hills and countryside on the other so I can dip in and out whenever I want and regularly run in the hills to enjoy the tranquillity.

    I'm off to make a small overpayment to one of my debts and I'll check in regularly to remind myself of my goal.

    Thanks H x
    Debt: Overdraft 2 £1200/ now £1000 Credit card £2200 now £2050 Car - Lots!!
    PAID - Computer £646.52, Overdraft 1 £2200
    Emergency fund: £50 General savings: £50
    • sammy70
    • By sammy70 30th Jul 17, 12:28 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    What a lovely message hugglemonster, and thanks for dropping by.

    glad you enjoyed our story so far, and good luck with your quest for debt freedom, you will get there, keep faith in yourself, stay focussed, and keep making those payment however small, they DO add up as i can testify!

    We are in super saving mode for August, as looks like the roof will continue now at the end of August, we re only half way, and no more time off till then.. so more expense rehiring roof ladders, and boom lift.. im on with meal planning, i want the spare money after paying bills in Augusts salaries to cover all remaining roofing costs, and hopefully at least one decent mortgage overpayment.

    We will keep plodding on, money saving, lots of overtime for poor hard working hubby.. it will be worth it!
    Last edited by sammy70; 31-07-2017 at 6:10 PM. Reason: spelling
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • sammy70
    • By sammy70 31st Jul 17, 6:21 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    Back to work today for hubby and i

    Coming home i always feel uplifted as soon as i reach our lane, i love living here, surrounded by wildlife and beautiful countryside

    Not a lot to report, tommorow will be mortgage payment day, interest will be added, and i am planning my usual rounding down so oo's on the end of the balance , makes me feel better

    Im determined to be super frugal this coming month, to cover expences for the remaining roofing work. I will be meal planning, and generally watching every penny, only buying what we really need , which hopefully will just be basics, food and petrol
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • sammy70
    • By sammy70 1st Aug 17, 6:21 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    The mortgage interest for July was £427.77- daily £13.79

    Balance after interest applied £235,627.77

    Mortgage payment has gone out today -£1208.83

    New balance= £234,418.94

    So, i made an overpayment using saved £2,s and grocery savings-£68.94, to neatly round off the balance as of today to- £234,350
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
    • hugglemonster
    • By hugglemonster 1st Aug 17, 7:17 PM
    • 314 Posts
    • 1,440 Thanks
    hugglemonster
    The daily interest is coming down nicely, good to see how much progress you're making already with the mortgage.


    H x
    Debt: Overdraft 2 £1200/ now £1000 Credit card £2200 now £2050 Car - Lots!!
    PAID - Computer £646.52, Overdraft 1 £2200
    Emergency fund: £50 General savings: £50
    • sammy70
    • By sammy70 2nd Aug 17, 6:20 PM
    • 477 Posts
    • 1,296 Thanks
    sammy70
    Thanks for dropping by with kind words H

    Not a lot to report today, paid £6 off c/c to clear last of costs for roof project, £585 to go!

    Also, there will be at least another £1200 to find to finish the job i reckon im determined we are going to clear the lot with this months salaries after bills paid of course, will be tough, but doable if we are really careful, and get the overtime in
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016-15th Nov 2017 =£6012.91
    mortgage balance of currently = £229,950:eek 15/11/2017
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