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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 2,341Posts
    • 11,214Thanks
    shangaijimmy
    New Diarist - Attacking the Banks!
    • #1
    • 13th Mar 15, 12:18 PM
    New Diarist - Attacking the Banks! 13th Mar 15 at 12:18 PM
    Hi all,
    Thanks for popping and helping me to stay motivated. This would be the 3rd version of the opening post, but is reflective of where we are currently at. Lots has changed over the last 3 yrs, not least adding a 3rd child to our household!

    This post details my current goals, and as it seems a shame to ignore previous achievements I've summarised them below. This is a 120 payment challenge which would knock 11yrs off our initial draw down of 30yrs. I'm hoping for 100 payments so we'll see how we progress!

    Achievements - 34 payments
    • Balance - £99,371.84
    • Diary Reduction Total - £36,628.18
    • Cumulative Overpayments - £20,308.75
    • Monthly Average Overpayments - £597.32
    • Monthly Average Net Reduction - £1,077.30

    Long Term Targets
    • 5yr/60th payment - £86,000
    • 7yr/84th payment - £38,000
    • 9yr/108th payment - £7,000

    Targets for 2018
    • Jan 2019 - £98,200
    • Feb 2018 - £97,000 (End of Yr 3 Balance £39k diary reduction)
    • Mar 2018 - £95,800
    • Apr 2018 - £94,600
    • May 2018 - £93,400
    • June 2018 - £92,200
    • July 2018 - £91,000
    • Aug 2018 - £89,800
    • Sept 2018 - £88,600
    • Oct 2018 - £87,400
    • Nov 2018 - £86,200
    • Dec 2018 - £85,000
    Last edited by shangaijimmy; 05-01-2018 at 11:47 AM. Reason: Updated Goals
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
Page 94
    • A Frayed Knot
    • By A Frayed Knot 2nd Apr 17, 10:56 AM
    • 2,199 Posts
    • 9,889 Thanks
    A Frayed Knot
    This was our worst overpayment month for 2016 which is slightly disappointing, but with lots of house work going it hardly surprising. Still i am very pleased with progress, though not pleased with my lack of postings and diary readings!!

    In other money news i've hit the £1k profit mark on matched betting. I have no idea what to do with the money though!!
    Originally posted by shangaijimmy

    Just thought I would pop in - catch up with old friends - How's everything in SJ Towers ???
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £4068.97
    • Moneyfordreams
    • By Moneyfordreams 2nd Apr 17, 5:15 PM
    • 902 Posts
    • 4,431 Thanks
    Moneyfordreams
    I've just said, Yay SJ's back then realised the lovely AFK was being thoughtful. hope all is good
    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 £158200
    h@lifax CC £4300 0% until May 2018.. will pay minimum for now, slow stooze
    CC daughter gift and holiday spends £2200
    • debtfreeoneday
    • By debtfreeoneday 4th Apr 17, 8:42 AM
    • 2,813 Posts
    • 9,687 Thanks
    debtfreeoneday
    I think SJ's left us for the time being.. hope all is ok!
    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 £10.00 ~1poll £35.20 ~ Pr0filic £28.23 ~ TCB £13.84 ~ YouGov £30.25
    • A Frayed Knot
    • By A Frayed Knot 29th May 17, 6:59 PM
    • 2,199 Posts
    • 9,889 Thanks
    A Frayed Knot
    Just bumping this.

    Your name was mentioned re MB, as a few of us are looking for helpful hints and tips on how to understand MB.


    Hope everything's ok in SJ Towers.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £4068.97
    • lippy1923
    • By lippy1923 30th May 17, 6:51 PM
    • 1,235 Posts
    • 3,441 Thanks
    lippy1923
    Ah man, I was hoping SJ was back when I saw this update. Hope everything is going ok.
    Total Mortgage OP £17,500
    House Value £250,000 Mortgage £91,758
    Emergency Fund £29,200

    • shangaijimmy
    • By shangaijimmy 14th Jun 17, 3:57 PM
    • 2,341 Posts
    • 11,214 Thanks
    shangaijimmy
    Well I'm returning! Renewed, refreshed and reinvigorated...!

    Without making excuses Miss Baby SJ has been more time consuming than i imagined...Well that and DS2 starting school as well. Anyway we seem on an even keel again, so i'm hoping to pick up this diary again.

    As a snapshot i've still been OPing and we now stand at a balance of £107k. We remortgaged to 1.64% fix for 2yrs and our daily interest is now approx £4.70. We remain on course for MF in 7-8yrs, u less we can have some late acceleration and we may sneak in at 6-7.

    Anyway there i've done it and logged in and posted for the first time since 1st December 2016... So now i'll crack on with updating my signature, setting some new targets and hopefully posting some figures in the 3yr thread that i've also neglected.

    I'm sure none of you have really missed by ramblings, but it feels good to be back...!

    Oh and i will be catching up everyone else diaries!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • cookie9
    • By cookie9 14th Jun 17, 4:15 PM
    • 737 Posts
    • 3,661 Thanks
    cookie9
    Welcome back SJ
    MFW 91 op 2014 £410/1000
    MFW 91 op 2015 £4051/4000
    MFW 91 op 2016 £4040/4000
    MFW 91 op 2017 £812/4500
    • A Frayed Knot
    • By A Frayed Knot 14th Jun 17, 5:51 PM
    • 2,199 Posts
    • 9,889 Thanks
    A Frayed Knot
    Welcome back SJ
    Originally posted by cookie9

    2nd'd - We did miss your ramblings and updates, More than you know were on the lookout for your "ramblings" and expertise re MB, me included (still haven't mastered it)

    Good new deal/rate you got for 2 years. Well done
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £4068.97
    • atypicalblonde
    • By atypicalblonde 14th Jun 17, 6:07 PM
    • 2,647 Posts
    • 17,515 Thanks
    atypicalblonde
    Welcome back SJ!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
    • Busy Mee1
    • By Busy Mee1 14th Jun 17, 6:30 PM
    • 462 Posts
    • 1,925 Thanks
    Busy Mee1
    Hooray - you were missed !
    • CathT
    • By CathT 14th Jun 17, 10:55 PM
    • 5,422 Posts
    • 37,579 Thanks
    CathT
    Yay you're back! Missed your diary, good to see you posting. Final stretch until mortgage freedom now.
    Jan 2018 -
    part 1 - £79,207
    part 2 - £45,863
    Total - £125,070
    • EatingTheElephant
    • By EatingTheElephant 15th Jun 17, 6:46 AM
    • 1,191 Posts
    • 6,495 Thanks
    EatingTheElephant
    Good to see you back, I've missed your postings too. Glad all is well and that the mortgage figure is tumbling down
    • Moneyfordreams
    • By Moneyfordreams 15th Jun 17, 9:27 AM
    • 902 Posts
    • 4,431 Thanks
    Moneyfordreams
    yay , glad you're back
    • chumpy45
    • By chumpy45 15th Jun 17, 10:33 AM
    • 315 Posts
    • 1,369 Thanks
    chumpy45
    Great to see you back, I have missed your updates and adventures.
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017;
    • shangaijimmy
    • By shangaijimmy 15th Jun 17, 11:02 AM
    • 2,341 Posts
    • 11,214 Thanks
    shangaijimmy
    Thanks all. It feels good to be back. The longer i wasn't on the more it was in the back of my mind that i need this to keep us on track. Baby SJ hit us for £1k more of maternity savings than i'd budgetted for e gone and we've been gradually paying it back to our savings. Please to say its now under £100 and will by this months pay.

    As ever summer is upon us and i've very much neglected the garden so i'm getting it sorted this weekend. I'm currently on a brew break from powerwashing the patio (its a big area, so very much a 4-6hr job). Im just dreading the cleaning up . I have the brush in cement ready for Sunday to! Then im going to tackle the mountain of baby plastic s**t that has accumulated in our garage.

    Ebay listings stand at 116, with 8 having bids on, and i reckon we have another 40-50 listings to put on.

    As for MBing, i ended up making £3,450 from June-June! But, and this is the thing that is driving Mrs SJ crackers... I cant bring myself to spend it! I just keep looking at the figure growing in the bank!

    Anyway, brew drunk, patio awaits.

    TT'd 44p this morning!!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • PrincessLou
    • By PrincessLou 15th Jun 17, 11:26 AM
    • 494 Posts
    • 1,917 Thanks
    PrincessLou
    The number of Ebay listings you have up puts me to shame...I can barely put up 12 items without feeling fed up

    £3.450 from MB - that is incredible!! I must get Mr Lou into this Are there any negatives to MBing at all?

    Keep up the great work!
    Mortgage - £105,500
    • hiddenshadow
    • By hiddenshadow 15th Jun 17, 3:48 PM
    • 2,393 Posts
    • 10,856 Thanks
    hiddenshadow
    Welcome back!
    MFW: £197,100 (2013) to £103,848 (Jan '18)
    2018 MFW #56: £798/£105,000 0% / MFiT-T4 #15: £55,652/£90,000 61%
    • shangaijimmy
    • By shangaijimmy 15th Jun 17, 9:26 PM
    • 2,341 Posts
    • 11,214 Thanks
    shangaijimmy
    Patio powerwashed and brushed, and i made a start on the garage by doing the first tip run! So feeling rather smug!

    I've updated the first post with some targets for year 3 of the diary. I've basically set a challenge of a net reduction of £1,100 per month as that will get me to magical figure of £99,999 at Christmas. To be honest i reckon I'll fall short by about £600, so ill say it now and you can all hold me to it...

    If I miss the target by less than £1k i will make this shortfall up with MB cash
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 15th Jun 17, 10:11 PM
    • 2,341 Posts
    • 11,214 Thanks
    shangaijimmy
    Well just before i head up stairs for a shower i've checked our ebay listings and we currently have 11 items selling out of the 116, and 3 more days of auction to go.
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • AlexLK
    • By AlexLK 15th Jun 17, 11:26 PM
    • 5,919 Posts
    • 31,010 Thanks
    AlexLK
    Welcome back.
    Saved £11,000 in 2015, £9,800 in 2016.
    From a £32,000 debt on 2/9/2013 to debt free on 12/1/2015.
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