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    • debtfreeoneday
    • By debtfreeoneday 9th Jan 15, 1:22 PM
    • 2,811Posts
    • 9,684Thanks
    Mortgage free by 2023 (!)
    • #1
    • 9th Jan 15, 1:22 PM
    Mortgage free by 2023 (!) 9th Jan 15 at 1:22 PM

    I'm usually found hanging out on the DFW diaries thread as you'll see from my signature we are still tackling debt..

    However, my plan was always to start attacking the mortgage after that, but having just sat down and worked out how much we need to overpay to clear it in time for DH to retire at 65 latest, I think we need to start now!

    I still have to focus on clearing the debt as it's on a slightly higher interest rate, but I don't see any harm in starting to overpay the mortgage a little bit here and there as well. I've found a debt free wannabe diary massively helpful in helping me to focus and curb any unnecessary spending, so here I am!

    I don't expect masses of activity, but every little bit will help!

    We have 14 years left on our mortgage with £118,031.21 left to pay wef today (I just realised I could access this online - will regularly stalk this from now on!) We want it gone by December 2023. We pay £921.60 a month which is effectively my wages - it feels a huge amount as it is, but I know we have to do more.

    Would love some company for the next 9 years!!!
    Last edited by debtfreeoneday; 18-11-2016 at 11:38 AM.
    DFW (08/08) £64,346.53 Credit card debt: £4299.59 over three credit cards.
    MFW (01/15) £118,031.21 £94,075.17 ~ 2017 OPs £12.79
    Earnings 2018 Pcone £6.00 ~ Ips0s £5.00 ~1poll £35.20 ~ Pr0filic £27.23 ~ TCB £1.72 ~ YouGov £29.50
Page 101
    • mummytogirls
    • By mummytogirls 11th Jan 18, 8:40 PM
    • 5,787 Posts
    • 20,138 Thanks
    Hmmm to the home ed group DFOD, doesnt sound very productive at all!

    Hope cb gets confirmed for you! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6069.37 - 02/01/18 - 73.80% paid off
    • debtfreeoneday
    • By debtfreeoneday 13th Jan 18, 8:01 AM
    • 2,811 Posts
    • 9,684 Thanks
    Even though pennies are tight, I'm going to try and round loose amounts in our pots each Saturday and make a mortgage OP - maybe I should be sending them to debt, but that is 0% and the mortgage isn't. This weekly bit will be on top of the £28.40 we pay extra every month - not much but it all adds up and I'd be chuffed if we managed to pay an extra months payment by the end of 2018.

    £12.79 OP being sent today.

    Logged on to double check the balance today of the mortgage and noticed our deal is up this year in October so pleased we can hopefully switch as we will definitely save money as we are on a 4.09% interest rate which is high, but needs must at the time we took the mortgage out! You can switch 3 1/2 months before the end so that's mid July. Rather excited by that!

    Tesc0 panel survey done this morning and £1.30 survey done on pr0filic last night. Have gone past that magic £35 on 1poll so it's downhill to payout now!

    Weekend of seeing friends, but hopefully no spend at all except petrol to get somewhere tomorrow, but it's a free entry weekend for employees of where DH works so he can come with us as we get in free anyway on blue peter badges / carers allowance.

    Have a good weekend all.
    DFW (08/08) £64,346.53 Credit card debt: £4299.59 over three credit cards.
    MFW (01/15) £118,031.21 £94,075.17 ~ 2017 OPs £12.79
    Earnings 2018 Pcone £6.00 ~ Ips0s £5.00 ~1poll £35.20 ~ Pr0filic £27.23 ~ TCB £1.72 ~ YouGov £29.50
    • CathT
    • By CathT 13th Jan 18, 9:31 AM
    • 5,419 Posts
    • 37,569 Thanks
    Fingers crossed you can secure a much better mortgage deal, roll on July so you can sort it out! Ours isn’t ending until this time next year but I’ve already had a play with the calculators to see how it affects our OP’s and end date.
    Jan 2018 -
    part 1 - £79,207
    part 2 - £45,863
    Total - £125,070
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