Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • earthgirl
    • By earthgirl 27th Nov 13, 2:36 PM
    • 2,102Posts
    • 17,028Thanks
    earthgirl
    Like a Bat out of Hell - EG takes a chance.
    • #1
    • 27th Nov 13, 2:36 PM
    Like a Bat out of Hell - EG takes a chance. 27th Nov 13 at 2:36 PM
    My new diary is so named as the first morning we woke up in our new house after running out on our old life, we all ended up dancing around the living room playing air guitar to this tune. DH and I had a bit of a moment as reality set in!

    We decided fairly quickly to move on from our old secure little life, with reasonably secure income and no mortgage, to take a chance on our dream house by the sea. With a bit of stress and 'homelessness' in the middle we now the owners of a lovely family home on the west coast of Scotland. We had savings of about £250,000 thanks to mse and this board in particular, we have spent about £20,000 on the move itself, and now have to pay off £147,500 for our new mortgage.

    Only problem is we have little income as I gave up my job and dh is remodelling his business, but we have lots of positivity and determination!

    I'd like to set a target of paying it all off in ten years. I'd like to pay off £10,000 in the next 12 months.

    Off we go....

    old diary here http://forums.moneysavingexpert.com/showthread.php?t=3978475
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    Kids savings 13,578/36k
Page 46
    • EatingTheElephant
    • By EatingTheElephant 2nd Oct 16, 9:38 AM
    • 702 Posts
    • 3,403 Thanks
    EatingTheElephant
    Amazing progress. Well done
    • Watty1
    • By Watty1 2nd Oct 16, 10:39 AM
    • 2,671 Posts
    • 18,653 Thanks
    Watty1
    Inspirational
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £62401
    • Karmacat
    • By Karmacat 2nd Oct 16, 11:21 AM
    • 26,821 Posts
    • 142,939 Thanks
    Karmacat
    Congratulations!



    My spreadsheet was WRONG. Banking admin and spreadsheets are not my forte.
    Originally posted by earthgirl
    It was wrong in the right way tho

    And I love the focus you have on finding free/v cheap things to do, which you and the littlies also enjoy. Lovely.
    Save
    Retired August 2016

    Goal: earnings of £25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • PrincessLou
    • By PrincessLou 2nd Oct 16, 11:42 AM
    • 461 Posts
    • 1,765 Thanks
    PrincessLou
    EG, this is amazing!

    If I paid this much off my mortgage each year, I could be mortgage free in 3 years Crazy thought....

    Very inspirational
    • earthgirl
    • By earthgirl 2nd Oct 16, 7:02 PM
    • 2,102 Posts
    • 17,028 Thanks
    earthgirl
    Thanks everyone! The thing is, if I did have it paid off, I wouldn't change much. All I would do is maybe cut down the extra work after school (2 hours per week). But really this is just for a friend. I would still work in my full time position as I love my job. I would not take students in the holidays and would also travel more. I need to wait till the kids are a bit older to try USA, Aus, NZ, Asia etc...it's going to be great!

    Today I took the boys up to church and after lunch we went to a local outdoor themed attraction thing - free with a pass. It was brilliant and we had a great time.

    We are going to Portugal a week today, and this week is all about getting organised for going and finding cheap things to do there. We will head out for a few meals whilst there, and I won't feel guilty knowing that we have done so well with the OP's this year.

    I am not hosting the family Christmas meal this year, which will be brilliant. I've booked myself onto the work night out - think it's £25 and its walkable from my house.
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    Kids savings 13,578/36k
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 2nd Oct 16, 9:43 PM
    • 3,761 Posts
    • 34,841 Thanks
    Secret Saving Squirrel
    How exciting, this is a lovely time of year for Portugal. Eating out there is very cheap so it won't break the bank!
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • themadvix
    • By themadvix 3rd Oct 16, 10:22 AM
    • 549 Posts
    • 1,997 Thanks
    themadvix
    Amazing OPs EG! Well done! I won't pretend I'm not envious, but I also know I don't have the same commitment you have!
    OPs 2017 = £1300/£10000
    S&S ISA = £100/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance Feb 2017: £103, 019.99
    MFW2017 no. 38
    • Courgette
    • By Courgette 3rd Oct 16, 8:52 PM
    • 1,686 Posts
    • 17,543 Thanks
    Courgette
    Wow Earthy! That is just absolutely phenomenal! £30k!!!!!!!! And MF by next Christmas???? Blummin Nora, Mrs!

    Enjoy Portugal!

    "Let yourself be silently drawn by the strange pull of what you really love,
    it will not lead you astray".

    Mortgage 1: £95,000 £82,299.99 at 3.1%
    Mortgage 2 (BTL): £83, 489.15 at 4.8% (I.O.)
    Family loan: £15,000 £5,500
    Long term savings/investments: FundCirc £201 7.1%, Saver account at 5% £750
    • earthgirl
    • By earthgirl 5th Oct 16, 10:16 PM
    • 2,102 Posts
    • 17,028 Thanks
    earthgirl
    Thanks everybody.

    Wow Earthy! That is just absolutely phenomenal! £30k!!!!!!!! And MF by next Christmas???? Blummin Nora, Mrs!

    Enjoy Portugal!

    Originally posted by Courgette
    Great to hear from you Courgette!! I think next Christmas might not be possible ... It would be great though.

    I have been a bit side-tracked with helping someone for a few days. I took a big chance, then put in some extra unpaid hours- a few of them at stupid o'clock in the morning- and it paid off. Life has changed for a young person I used to work with. If I achieve nothing more in my working life I'd be happy with this.

    The thing is, after all the stress, effort and emotion that I put in, I can't seem to settle down to normal boring life again. Maybe it's an adrenaline rush/low? Do people get that after working on a big project?

    So back to the cleaning, planning scrimping and saving... I just have no notion!! Off to read some diaries for inspiration!!

    Edit:

    Here are my priorities

    1. Quality time with family.
    2. Healthy eating, drinking and sleeping habits.
    3. Reduce stress - clear backlog of work at work, with oh's business and with banking.
    4. Healthy house - continue with gentle cleaning and tidying
    Last edited by earthgirl; 05-10-2016 at 10:30 PM.
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    Kids savings 13,578/36k
    • Muser1
    • By Muser1 6th Oct 16, 10:57 AM
    • 777 Posts
    • 4,015 Thanks
    Muser1
    Gentle cleaning has been adopted in our house now. It's going really well. Thanks for the inspiration.
    Mortgage Jan 13 99260.00 Nov 16 88800.34
    Emergency fund 2500.00
    • cookie9
    • By cookie9 6th Oct 16, 2:35 PM
    • 707 Posts
    • 3,501 Thanks
    cookie9
    Wow EG that's fantastic. So impressed.
    MFW 91 op 2014 £410/1000
    MFW 91 op 2015 £4051/4000
    MFW 91 op 2016 £4040/4000
    MFW 91 op 2017 £812/4500
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 6th Oct 16, 8:19 PM
    • 3,761 Posts
    • 34,841 Thanks
    Secret Saving Squirrel
    Good for you. Xx
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • greent
    • By greent 8th Oct 16, 5:03 PM
    • 5,498 Posts
    • 55,774 Thanks
    greent
    Amazing saving/ OPing Earthie - fab results!

    xx
    Repaid mtge early (originally 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next up: BTL Mtge. Op Bal £69786. Cur Bal £68286 - 2017 target £0/£3286
    Net sales 2017 £242.71/£500 PAYDOX17 £3813/£10k Feb GC £342.33/£400 NSD 12/15 Decluttered 375/2017 items
    • Karmacat
    • By Karmacat 8th Oct 16, 6:05 PM
    • 26,821 Posts
    • 142,939 Thanks
    Karmacat
    The thing is, after all the stress, effort and emotion that I put in, I can't seem to settle down to normal boring life again. Maybe it's an adrenaline rush/low? Do people get that after working on a big project?
    Originally posted by earthgirl
    Thats definitely a thing - when there's a big push thats of real importance, and then it ends, things seem very flat for a while - as humans, we *like* challenges nowadays, because maybe we don't get enough of them any more? Or maybe humans are just like that anyway

    Congratulations on your achievements!

    Save
    Retired August 2016

    Goal: earnings of £25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • Tropically
    • By Tropically 8th Oct 16, 6:10 PM
    • 80 Posts
    • 231 Thanks
    Tropically
    Wow that's insane!! I need to learn a few lessons from you. How much is your regular mortgage payment?
    • earthgirl
    • By earthgirl 11th Oct 16, 9:34 PM
    • 2,102 Posts
    • 17,028 Thanks
    earthgirl
    Thats definitely a thing - when there's a big push thats of real importance, and then it ends, things seem very flat for a while - as humans, we *like* challenges nowadays, because maybe we don't get enough of them any more? Or maybe humans are just like that anyway

    Congratulations on your achievements!

    Save
    Originally posted by Karmacat
    Thanks KC: it really messed with my mental state, big big high to low to high etc. anyway feel back to normal now. Posting from wonderful portugal. Using he kids kindle and its hard to type so I will be quick!

    Weather amazxamazxing, as is everything else. Lovely apartment; BBQ every evening so far keeps everyone happy and cheap in comparison to restaurant.

    Being frugal affords us this week away, and I'm very motivated to contycontyinue frugally when we return.

    Loved mmm video a few days agho

    Love to all x
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    Kids savings 13,578/36k
    • earthgirl
    • By earthgirl 11th Oct 16, 9:45 PM
    • 2,102 Posts
    • 17,028 Thanks
    earthgirl
    Tropically standard payments are 800. We op when we cxan normally lumped together.
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    Kids savings 13,578/36k
    • Karmacat
    • By Karmacat 11th Oct 16, 10:14 PM
    • 26,821 Posts
    • 142,939 Thanks
    Karmacat
    Portugal! Lovely - especially with a frugal BBQ, tastes so good. Enjoy
    Retired August 2016

    Goal: earnings of £25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 14th Oct 16, 6:19 PM
    • 3,761 Posts
    • 34,841 Thanks
    Secret Saving Squirrel
    Loving the kindle typing! Glad you are enjoying the break, Portugal is so lovely. X
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • earthgirl
    • By earthgirl 16th Oct 16, 9:50 PM
    • 2,102 Posts
    • 17,028 Thanks
    earthgirl
    Thanks KC and SSS. Sorry about the typos took me ages to get it to that standard!!

    Back from Portugal. It was amazing - great holiday. The exchange rate didn't help us, so we have spent approx £2000 in total. This was including some amazing meals, activities and times together. We haven't got another holiday booked and I think that we will start to save up for our bigger trips now.

    Back to frugality and fun here in Scotland! Packed lunches are made, full of ideas and enthusiasm for the future with a nice tan
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    Kids savings 13,578/36k
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

532Posts Today

5,403Users online

Martin's Twitter
  • Good morning & goodbye. Now my series is over, I'm going to take a week off work & twitter to spend time with Mrs & mini MSE. Ta ta for now

  • RT @JulieGriff4: £2800 paid into my bank thanks to @MartinSLewis advice about packaged accounts. Unexpected and welcome. Great advice ????

  • RT @justwanna: Listened to an hour's worth of @MartinSLewis podcasts. Now have a pathological need to save some money!

  • Follow Martin