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  • FIRST POST
    • debtfreeoneday
    • By debtfreeoneday 9th Jan 15, 1:22 PM
    • 2,381Posts
    • 7,886Thanks
    debtfreeoneday
    Mortgage free by 2023 (!)
    • #1
    • 9th Jan 15, 1:22 PM
    Mortgage free by 2023 (!) 9th Jan 15 at 1:22 PM
    Hello,

    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
    CC1 - £1111.99 ~~~ CC2 - £975.00
    MFW (01/15) £118,031.21 £102,178.42
Page 76
    • amycool
    • By amycool 1st Oct 16, 10:49 AM
    • 666 Posts
    • 2,962 Thanks
    amycool
    Good saving on the energy! You've got a lot going on right now - you would be forgiven for renewing so double well done! :-)

    Hope you enjoy the film and all goes well with the new school. Fingers crossed things seem to be settling a bit for my LO. I haven't done the walk of shame all week!
    Mortgage (Start Sep 2014)- £70,295/£46148.98- 34.3%
    Overpayments - £14435.03
    • shangaijimmy
    • By shangaijimmy 2nd Oct 16, 8:42 AM
    • 1,814 Posts
    • 7,525 Thanks
    shangaijimmy
    I've been missing for a few weeks. I'm sure everything will go well, and i hope you find the utilities switch as therapeutic as i do!
    MFW: Original June 2036 // Aim March 2025 - 21//120 payments // Avg Daily Interest £6.19
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £113,533.22
    MFiT-T4 #8 - 17.63% of £41,000 // 2016 MFW #2 - £6,961.06/£7,200
    • debtfreeoneday
    • By debtfreeoneday 2nd Oct 16, 9:28 AM
    • 2,381 Posts
    • 7,886 Thanks
    debtfreeoneday
    Think I'm more nervous than the littlies for the school trial tomorrow.

    Listed 15 items on fleabay this morning an a youg0v survey done.

    A day of sorting out the house ahead! Think a low key day is in order before tomorrow
    DFW (08/08) £64,346.53
    CC1 - £1111.99 ~~~ CC2 - £975.00
    MFW (01/15) £118,031.21 £102,178.42
    • Moneyfordreams
    • By Moneyfordreams 2nd Oct 16, 9:35 AM
    • 645 Posts
    • 3,043 Thanks
    Moneyfordreams
    Good luck with the school tomorrow.

    I need to get listing again.. operation declutter commenced
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £168060
    Car loan finished oct 16
    h@lifax CC £5360 0% until May 2018.. will pay minimum for now, slow stooze
    • Firegirl
    • By Firegirl 2nd Oct 16, 1:48 PM
    • 608 Posts
    • 2,457 Thanks
    Firegirl
    15 items listed! Well done and good luck for sales!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £226305
    Target for May 2017 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £216, 793
    14 Year Target Balance MF50= £207, 700
    • mummytogirls
    • By mummytogirls 2nd Oct 16, 3:12 PM
    • 4,546 Posts
    • 11,843 Thanks
    mummytogirls
    Will be thinking of the little ones at their new school tomorrow. Im glad DD is happy that she knows some of the girls. In my experience of kids moving into our school they are usually ok and its the parents crying at the school gate!!! Let us know how they get on xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £9104.15 - 15/11/16 - 60.70% paid off
    • debtfreeoneday
    • By debtfreeoneday 4th Oct 16, 3:25 AM
    • 2,381 Posts
    • 7,886 Thanks
    debtfreeoneday
    You are right MTG, it was me sobbing as I drove away... anyway DD seemed a bit subdued at the end of the day but DS loved it and to be honest, it's him that needs to be happy. DD will be fine. Lots of treats for them this week..

    Enough said about the old school the better really, given their reaction yesterday to us leaving.. he has something that they gave him that he uses everyday and we asked if we could borrow or buy it to ease his transition, they wouldn't even consider it... so it will go back to hanging in an office where it had been for years before he used it.. thankfully I found one online after hours of searching so hoping he accepts that one!

    Need to buy uniform today for them.. awake at 2.30 as i can't sleep. Caught up on surveys.. £24 ish on 1poll and £20 on youg0v

    Used checkoutsmart at the weekend for the first time on some items that I usually buy and got £2 back.. worthwhile a look for easy money!

    thats about all from me!
    DFW (08/08) £64,346.53
    CC1 - £1111.99 ~~~ CC2 - £975.00
    MFW (01/15) £118,031.21 £102,178.42
    • CathT
    • By CathT 4th Oct 16, 7:47 AM
    • 4,888 Posts
    • 33,485 Thanks
    CathT
    to insomnia. Hopefully your head will be clearer as things settle down and you can sleep better.
    June 2010 £121,287
    Nov 2016 £84,680
    WIOTW Nov £92,214
    • hiddenshadow
    • By hiddenshadow 4th Oct 16, 9:24 AM
    • 1,768 Posts
    • 8,006 Thanks
    hiddenshadow
    Used checkoutsmart at the weekend for the first time on some items that I usually buy and got £2 back.. worthwhile a look for easy money!
    Originally posted by debtfreeoneday
    We've used it for a while, though generally the items on there either aren't things we buy or aren't in the stores to buy. You can scan any supermarket receipt for a 1p credit, though (and entry into a prize draw, I think?). Payout threshold is £20 if you don't want to pay 5% fee to get money out.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,900 (£6,628 offset)
    Payment 35/84 / 2016 MFW #56: £41,769/£43,000 97% / MFiT-T4 #15: £39,600/£90,000 44%
    • amycool
    • By amycool 4th Oct 16, 2:14 PM
    • 666 Posts
    • 2,962 Thanks
    amycool
    I'm so happy that DS is enjoying his new school and I'm sure DD will get used to it too. I always feel really anxious for the first few weeks when I do something new. How ridiculous of the old school not to at least sell you the transitional item.

    Hope you get some sleep soon! Last night was amazing for me as it's the first time in about 10 months that DD has been asleep at 7am!!
    Mortgage (Start Sep 2014)- £70,295/£46148.98- 34.3%
    Overpayments - £14435.03
    • debtfreeoneday
    • By debtfreeoneday 6th Oct 16, 3:50 PM
    • 2,381 Posts
    • 7,886 Thanks
    debtfreeoneday
    All going well it seems, new school is sooo different in terms of teacher approach.. culture of our schools really differs!

    Bank account switch has happened, slight issue that I can't get into the app at the mo, but sure they will resolve soon!
    DFW (08/08) £64,346.53
    CC1 - £1111.99 ~~~ CC2 - £975.00
    MFW (01/15) £118,031.21 £102,178.42
    • mummytogirls
    • By mummytogirls 6th Oct 16, 4:16 PM
    • 4,546 Posts
    • 11,843 Thanks
    mummytogirls
    Hi DF0D,

    So glad all is going well for the children at their new school. Ive had 5 admissions this week !!!!! We have a school right next door to us and we are both so different xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £9104.15 - 15/11/16 - 60.70% paid off
    • debtfreeoneday
    • By debtfreeoneday 7th Oct 16, 7:46 AM
    • 2,381 Posts
    • 7,886 Thanks
    debtfreeoneday
    I am absolutely worn out today.. thankful of a day off

    Planning a nice weekend with lots of family time as the littlies have been so good this week and with the whole school move.

    Not very MSE, but hey ho - sometimes I don't mind.
    DFW (08/08) £64,346.53
    CC1 - £1111.99 ~~~ CC2 - £975.00
    MFW (01/15) £118,031.21 £102,178.42
    • debtfreeoneday
    • By debtfreeoneday 7th Oct 16, 1:32 PM
    • 2,381 Posts
    • 7,886 Thanks
    debtfreeoneday
    Mortgage figure updated, we won't get under £100,000 this side of 2017, but it will be close and I've every intention of starting the OP's as soon as the debt is gone. Loving watching the figures tick closer and closer to being under £100,000 though!

    Down to 2 CC's, one has £1100 on it, but £200 due to be credited on there next week. and the other is down to £675 - that's the one I'm now concentrating on. It'll probably November before it's clear with me just staying on top of the larger one.

    The end is in sight.

    There is £190 (hopefully on the way) for recycling my own phone which will go off the CC as well.

    Just need to kick the backside of this debt now because we will be debt free around the beginning of January and then it's all at the mortgage.
    DFW (08/08) £64,346.53
    CC1 - £1111.99 ~~~ CC2 - £975.00
    MFW (01/15) £118,031.21 £102,178.42
    • mummytogirls
    • By mummytogirls 7th Oct 16, 4:30 PM
    • 4,546 Posts
    • 11,843 Thanks
    mummytogirls
    Im shattered too DF0D. Im glad you've got lots of nice things planned with kids this weekend xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £9104.15 - 15/11/16 - 60.70% paid off
    • debtfreeoneday
    • By debtfreeoneday 14th Oct 16, 9:45 AM
    • 2,381 Posts
    • 7,886 Thanks
    debtfreeoneday
    Can't believe a week has gone by.. so quick update.

    Spent rather new much on new uniform but all seems well at school so it's worth it.

    Got £190 back for my old phone which will pay for DH's new one to be ordered and then what we get for his should mean we break even with just a slight increase in monthly contract cost, but I'm fine with that.

    One week to half term..
    DFW (08/08) £64,346.53
    CC1 - £1111.99 ~~~ CC2 - £975.00
    MFW (01/15) £118,031.21 £102,178.42
    • mummytogirls
    • By mummytogirls 14th Oct 16, 3:30 PM
    • 4,546 Posts
    • 11,843 Thanks
    mummytogirls
    So glad the littlies are happy in their new school.

    Yay for nearly half term!!! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £9104.15 - 15/11/16 - 60.70% paid off
    • debtfreeoneday
    • By debtfreeoneday 15th Oct 16, 6:06 AM
    • 2,381 Posts
    • 7,886 Thanks
    debtfreeoneday
    £1 YG surveys this morning and £2 on p-base, did another one yesterday that's been sent off for quality control, so that will be interesting.. I know why as well as I just kept selecting not relevant as I didn't have the service they were surveying about - but give you no option to say I DON'T HAVE IT!!

    Breathe..

    If that one comes back Ok, I've reached payout on there. YG up to about £24 and 1poll on £27.

    Off out today before the rain is due this afternoon..

    For now, I'm sneaking an extra hour in bed..
    DFW (08/08) £64,346.53
    CC1 - £1111.99 ~~~ CC2 - £975.00
    MFW (01/15) £118,031.21 £102,178.42
    • EatingTheElephant
    • By EatingTheElephant 15th Oct 16, 6:12 AM
    • 605 Posts
    • 2,923 Thanks
    EatingTheElephant
    Glad the school move is working out ok, have a good weekend
    • hiddenshadow
    • By hiddenshadow 15th Oct 16, 8:24 AM
    • 1,768 Posts
    • 8,006 Thanks
    hiddenshadow
    but give you no option to say I DON'T HAVE IT!!
    Originally posted by debtfreeoneday
    I hate when surveys do that - see it all the time with all sorts of questions....ages of the children you (don't) have, cost of the tv service you (don't) pay for, etc. You'd think they'd want to screen you out early if you clearly don't meet the demographics they want rather than have you keep clicking through.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,900 (£6,628 offset)
    Payment 35/84 / 2016 MFW #56: £41,769/£43,000 97% / MFiT-T4 #15: £39,600/£90,000 44%
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