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  • FIRST POST
    • debtfreeoneday
    • By debtfreeoneday 9th Jan 15, 1:22 PM
    • 2,764Posts
    • 9,431Thanks
    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 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1263.18 ~~~ CC4 - £1050.00
    MFW (01/15) £118,031.21 £96,612.41
Page 98
    • debtfreeoneday
    • By debtfreeoneday 7th Sep 17, 7:04 AM
    • 2,764 Posts
    • 9,431 Thanks
    debtfreeoneday
    8 items sold on fleabay and £40 made! Will put £15 aside for fees that are due, pay £10 OP to the mortgage and then split the remaining £15 between the CC pots and put a few pound toward the littlies account!
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1263.18 ~~~ CC4 - £1050.00
    MFW (01/15) £118,031.21 £96,612.41
    • Betterthanever
    • By Betterthanever 7th Sep 17, 7:42 AM
    • 187 Posts
    • 669 Thanks
    Betterthanever
    A superb effort...and a bit for everyone! Have a good day!!
    Former DFW Need 230. Determined to be MF.
    Current balance £116,878.11. Offset £1034.
    end date - 03/29 aiming for 10/22

    Bring it on!
    • mummytogirls
    • By mummytogirls 8th Sep 17, 8:20 PM
    • 5,427 Posts
    • 16,575 Thanks
    mummytogirls
    Brilliant amount made on the Ebay sales DFOD... much better than my recent £2.80 after fees xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • Betterthanever
    • By Betterthanever 8th Sep 17, 10:25 PM
    • 187 Posts
    • 669 Thanks
    Betterthanever
    Mummytogirls.....it all helps! Don't knock your £2.80....its money you didn't have before !!
    Former DFW Need 230. Determined to be MF.
    Current balance £116,878.11. Offset £1034.
    end date - 03/29 aiming for 10/22

    Bring it on!
    • debtfreeoneday
    • By debtfreeoneday 10th Sep 17, 9:10 AM
    • 2,764 Posts
    • 9,431 Thanks
    debtfreeoneday
    £3 in from Pcone and sent to the mortgage OP. Loads of surveys got approved at pr0filic so I had £21.94 cleared and payment requested.

    Not very MSE, but just booked a hol to Centreparcs for March. We obviously can get these way cheaper going in term time, so just under £400 for the week. Have been promising littlies we will go.

    Got the stuff from M&S bank, but no details on how to switch, so need to check that today.

    Have started going through my wardrobe - I have loads and loads of clothes in smaller sizes that although I intend to fit into one day (if that ever comes) but I have to question if I need them now given that I don't work. Washing machine has a load in anyway and I'm going to start sorting through and decide keep, sell or charity shop. I also want a load gone over the next few months as I'm finally in the weight loss zone and on the way to my first stone lost.

    Quiet day today, we were travelling a lot yesterday, sunday roast, housework and general chill time!

    Have a good sunday all!
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1263.18 ~~~ CC4 - £1050.00
    MFW (01/15) £118,031.21 £96,612.41
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 10th Sep 17, 9:22 AM
    • 195 Posts
    • 885 Thanks
    DeterminedSingleMummy
    Congrats on nearly losing 1 stone!!! That's amazing, I have the problem of hoarding all my clothes all sizes and now I have too much stuff in my wardrobe that I need to declutter but I keep thinking "what if I need it?"

    Enjoy your Sunday roast... totally jealous!!! X
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
    • mummytogirls
    • By mummytogirls 10th Sep 17, 11:06 AM
    • 5,427 Posts
    • 16,575 Thanks
    mummytogirls
    BTE, you are totally right about the £2.80 I have more things to put on 3bay so hopefully I can make more.

    DFOD, I absolutely love cp's, its one of my most favourite places and great that you can get it cheaper out of school hols.
    Yay on the weight loss too

    Have a lovely chilled Sunday xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • debtfreeoneday
    • By debtfreeoneday 10th Sep 17, 7:26 PM
    • 2,764 Posts
    • 9,431 Thanks
    debtfreeoneday
    Productive day attacking the wardrobe and 11 items listed. One more to go, but need to do that on DHs account as I have a family stalker on my account and they bought me the item!
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1263.18 ~~~ CC4 - £1050.00
    MFW (01/15) £118,031.21 £96,612.41
    • debtfreeoneday
    • By debtfreeoneday 11th Sep 17, 4:05 PM
    • 2,764 Posts
    • 9,431 Thanks
    debtfreeoneday
    No surveys, no movement in the bank account. Totally unexciting day here at DFOD towers!
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1263.18 ~~~ CC4 - £1050.00
    MFW (01/15) £118,031.21 £96,612.41
    • mummytogirls
    • By mummytogirls 12th Sep 17, 8:28 PM
    • 5,427 Posts
    • 16,575 Thanks
    mummytogirls
    I kind of like unexciting DFOD!! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • debtfreeoneday
    • By debtfreeoneday 14th Sep 17, 7:53 AM
    • 2,764 Posts
    • 9,431 Thanks
    debtfreeoneday
    £3 in from a pcone survey - waiting for that to hit the bank and then will OP, done another Pcone survey this morning, 50p on Yougov.

    Weather miserable today, spent a wet few hours in the woods yesterday at Forest School with littlies. Quieter day at home today and Beavers tonight, DD wants to move to Beavers, but think they are full so will find out tonight. Be a lot easier logistically if she was able to move.

    Good offer on moving bank with H$BC at the mo, so going to look at that today
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1263.18 ~~~ CC4 - £1050.00
    MFW (01/15) £118,031.21 £96,612.41
    • debtfreeoneday
    • By debtfreeoneday 15th Sep 17, 11:29 AM
    • 2,764 Posts
    • 9,431 Thanks
    debtfreeoneday
    Turned the heating on throughout the house yesterday and had a lovely fire going last night.

    £4.80 payable on TCB so an am@zon voucher requested. £16.42 OP sent today as a result of fleabay sales!
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1263.18 ~~~ CC4 - £1050.00
    MFW (01/15) £118,031.21 £96,612.41
    • mummytogirls
    • By mummytogirls 15th Sep 17, 6:57 PM
    • 5,427 Posts
    • 16,575 Thanks
    mummytogirls
    Have a lovely weekend DFOD xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • amycool
    • By amycool 20th Sep 17, 12:44 PM
    • 769 Posts
    • 3,243 Thanks
    amycool
    Well done on listing the clothes you don't wear. It's a faff but will hopefully make you money and make space.

    Just wanted to mention that I have recently joined DD up to a maths app called Doodle Maths. She HATES maths, but will sit for 10-30 minutes a day on this earning stars and it seems really good. I paid £3.99 for the first month and we got stickers and stuff through the post. Just in case your littlies are maths averse (and it gives you a little break!)
    Mortgage (Start Sep 2014)- £70,295/£38,833.56- 44.76%
    Overpayments - £18935.03
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