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  • FIRST POST
    • Firegirl
    • By Firegirl 12th May 15, 8:29 AM
    • 663Posts
    • 2,708Thanks
    Firegirl
    FIRE Through The Mortgage - MF by 55 - LATEST
    • #1
    • 12th May 15, 8:29 AM
    FIRE Through The Mortgage - MF by 55 - LATEST 12th May 15 at 8:29 AM
    Hi Everyone,

    I've started a brand new diary!!!! I have decided I want to recalc my figures in line with retiring by 55.

    I'll keep you in suspense for now but I'll pop back later with some figures.

    19 Years - MF at 55
    May Year - Remaining debt
    May 2015 - £239,992
    May 2016 - £228,450
    May 2017 - £216,793
    May 2018 - £205,020
    May 2019 - £193,132
    May 2020 - £181,125
    May 2021 - £169,000
    May 2022 - £156, 754
    May 2023 - £144,388
    May 2024 - £131,898
    May 2025 - £119,286
    May 2026 - £106,548
    May 2027 - £93,684
    May 2028 - £80,693
    May 2029 - £67,574
    May 2030 - £54,324
    May 2031 - £40,943
    May 2032 - £27,430
    May 2033 - £13,783
    May 2034 - £0
    Last edited by Firegirl; 12-05-2015 at 10:21 AM. Reason: Adding Detail
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
Page 16
    • greent
    • By greent 7th May 17, 7:45 PM
    • 5,873 Posts
    • 59,387 Thanks
    greent
    From no job to two jobs!!! 'Like buses....' springs to mind!

    Well done
    xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 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: BTL Mtge 12/16 £69786. 2017 OPs (#18) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
    • Firegirl
    • By Firegirl 11th May 17, 8:54 PM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    Your right about buses GT!!!!

    So I've started my 2 jobs this week and I'm really enjoying them both. One terrible pay but good for the soul because I'm helping people in Citizen Advice and the other in a super hipster style digital company. It's so good. Ping pong table, free coffee, free fruit and a brilliant rate of pay that I can use to put to mortgage.

    Found out today that I'll get paid weekly so I can make the most of the mortgage over payments as soon as possible! This was my first 5 day week in 10years and I can say I'm actually glad to be back to work rather than hanging about.

    Still pondering whether to fix my mortgage for 10 years. I wonder if I can fix a section of it and leave the other at my rate of 0.49 above base. Hard decision! Especially if I get this contract extended I would be delighted up til mid June even! If I got 6 weeks I would have 3750 toward the mortgage for 18 days work! I can't believe it!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • greent
    • By greent 13th May 17, 7:53 AM
    • 5,873 Posts
    • 59,387 Thanks
    greent
    Such a positive, 'bouncy' post, Fg - great stuff!
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 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: BTL Mtge 12/16 £69786. 2017 OPs (#18) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
    • Firegirl
    • By Firegirl 13th May 17, 1:21 PM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    Thanks GT!!! I'm feeling pretty positive and bouncy too
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Karmacat
    • By Karmacat 14th May 17, 9:36 AM
    • 27,409 Posts
    • 148,478 Thanks
    Karmacat
    Wonderful! And what a great mix of jobs!
    Retired August 2016

    Goal: earnings of £25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • Firegirl
    • By Firegirl 14th May 17, 4:15 PM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    I'm so happy not to be out of work!

    Thanks for all the lovely comments!

    So I have updated my sig with my mortgage balance and edging closer to breaking the 200k barrier!
    Last edited by Firegirl; 14-05-2017 at 5:46 PM.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 16th May 17, 2:52 AM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    Ok so this years target for May 2018 is def my mortgage free by 50 figure in my signature below, £191 314. I have adjusted to living on very little since being made redundant so I'm just going to carry on living the way I have been since being made redundant. I still haven't actually sat down and worked out figures but the plan is to live on my 2 day a week salary. I need to work out what I can put in the mortgage from my regular salary and all contracting earnings will go to the mortgage. It's really not certain so I can't depend on it. I've agreed with hubby we can put it in the mortgage to get mortgage down encase I'm unable to work in the future. We've also said though that if we want to do anything fun then we can use that too. So watch this space to see if the contracting funds actually end up spent on a holiday
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 22nd May 17, 9:37 PM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    Ok- so I've amended (reduced) my regular payment to my mortgage will have me mortgage free by 55 but the plan is to pay extra in to knock that down to being mortgage free by 50. Also the hubby has said when he finishes paying a few things off he'll pay more into the mortgage. When I get extra money from contracting then I'll pay that to mortgage. I'm having to live on a lot less than I'm used too so I hope I can still pull off my mortgage free dream!!!

    So I'm going to keep my targets from the start of this thread the same. And the ones in my signature. It's just going to be harder to achieve! Wish me luck! It's sort of exciting! Refocusing!
    Last edited by Firegirl; 23-05-2017 at 6:35 AM.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 29th May 17, 10:33 PM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    This is my last week of contracting!!! No sign of an extension so that'll be me back to 2 days a week! 5 days a week was hard graft. I def couldn't do 5 days a week for a long period! 1 month was actually perfect.

    Looking forward to resting up next week and I'm so so so so happy that I got the opportunity to Contract! Very exciting after all these years of thinking about it.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • cookie9
    • By cookie9 1st Jun 17, 12:24 PM
    • 723 Posts
    • 3,584 Thanks
    cookie9
    Glad the contracting worked out well and hope you are enjoying your week of rest.
    MFW 91 op 2014 £410/1000
    MFW 91 op 2015 £4051/4000
    MFW 91 op 2016 £4040/4000
    MFW 91 op 2017 £812/4500
    • Firegirl
    • By Firegirl 1st Jun 17, 8:14 PM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    Thanks cookie!!! Possibility of another week contracting!!!! Find out tomorrow! Shattered but worth it to go towards the mortgage free dream!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 2nd Jun 17, 11:43 PM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    Woooooohooooo got a flexible extension until the end of June. I think I have 5 dates free that I can work so that will be another £1000 off the mortgage! I'm loving the job but starting to miss my boys now. Hate being torn in two all the time. I literally want to live parallel lives if that's possible
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 3rd Jun 17, 8:20 AM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    Does anyone know where I could bulk order prosecco? Or really find a good deal because I need to buy about 10 bottles! Friends have really helped me out with the kids and saved me a fortune on child care!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Karmacat
    • By Karmacat 3rd Jun 17, 8:33 AM
    • 27,409 Posts
    • 148,478 Thanks
    Karmacat
    Dunno about the prosecco, sorry, but Martin often lists offers by the supermarkets of 6 bottles discounted?
    Retired August 2016

    Goal: earnings of £25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • EatingTheElephant
    • By EatingTheElephant 3rd Jun 17, 8:57 AM
    • 976 Posts
    • 5,036 Thanks
    EatingTheElephant
    Congratulations on the extension
    • Kittenkirst
    • By Kittenkirst 3rd Jun 17, 9:35 AM
    • 1,350 Posts
    • 6,602 Thanks
    Kittenkirst
    Does anyone know where I could bulk order prosecco? Or really find a good deal because I need to buy about 10 bottles! Friends have really helped me out with the kids and saved me a fortune on child care!
    Originally posted by Firegirl
    My friend swears by the Aldi prosecco and tells me you cannot tell it from the posher bottles. Not sure if that helps?
    Emergency savings- £3005. /£4000
    Mortgage Oct '16- £170.995 LTV- 90% end date Nov 2041
    2016 OPs £255.50/£150
    2017 MFW #20 - OP £1369.78/ £2150. 63.7%
    Jan- £68.21, Feb- £306.67, March- £272.01 April-£324.05 May £120.33 June £278.51
    • greent
    • By greent 3rd Jun 17, 10:25 AM
    • 5,873 Posts
    • 59,387 Thanks
    greent
    Great news on the extension!

    Another vote for the A1di prosecco (about £5, I think)

    Mysupermarket gives you the following for 10 bottles (full sized) today:
    Tesco £55
    Asda & Morrisons £50
    Aldi £49.50
    Sains £51
    Lidl £52.50

    So you have a choice of lots of supermarkets and can take any reward schemes you have into account
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 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: BTL Mtge 12/16 £69786. 2017 OPs (#18) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
    • Firegirl
    • By Firegirl 11th Jun 17, 12:23 AM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    Thanks for all the prosecco tips!!!! I went for Aldi because I realised if I bought 10 I would spend more and drink the excess!!!

    Another £500 transferred to mortgage today from contracting!!! I def couldn't work full time! Appreciating how lucky I am to have been part time for the last 10 years! I'm enjoying my contract role though. Really is catch 22 so I'm just taking it as it comes!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 13th Jun 17, 3:01 AM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    £500 transferred from contracting to mortgage offset.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 28th Jun 17, 11:53 AM
    • 663 Posts
    • 2,708 Thanks
    Firegirl
    I'm seriously considering buying to let!!! Getting excited!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201695
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
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