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  • FIRST POST
    • chumpy45
    • By chumpy45 25th Sep 15, 4:02 PM
    • 315Posts
    • 1,356Thanks
    chumpy45
    Excited to try and be mortgage free
    • #1
    • 25th Sep 15, 4:02 PM
    Excited to try and be mortgage free 25th Sep 15 at 4:02 PM
    Hi all, have been really inspired reading all the posts on this mortgage free forum. Have got DH on board and we really want to try and clear the mortgage in two years. We currently have a property worth abouth £325,000 and an outstanding mortgage balance of £54,780.04 with 7yrs & 6 months left to go. Things are complicated at the moment as DH has been self-employed for the last 6 months which means we are struggling to remortgage. It seems we may have to wait another 6 months before we can reduce our current rate of 2.5% which is a shame and will impact on the overpayments. However, we are busily taking on board advice gained from many of the threads/posts on this forum. Really looking forward to getting stuck into money saving and overpaying and sharing our journey with all you inspirational people.
Page 15
    • chumpy45
    • By chumpy45 16th May 17, 5:30 PM
    • 315 Posts
    • 1,356 Thanks
    chumpy45
    Not much news so far this week. Up to 4300 points on YouGov, so getting there slowly but surely. Just over £10 on Onepoll - tiny steps. Out with work colleagues last night for some birthday celebrations (not mine). Mexican meal with drinks (including a jug of margueritas - on a school night ) for £25 each. Loads to eat and loads of fun so well worth it. Have also just joined a beginners Salsa dance class with a friend which has been hilarious so far. It's part of my "do more" campaign so there is something other than work and housework going on in my life Wouldn't claim to be the most talented on the dance floor but it's certainly good fun and exercise. Happy Tuesday
    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;
    • chumpy45
    • By chumpy45 23rd May 17, 3:37 PM
    • 315 Posts
    • 1,356 Thanks
    chumpy45
    Expensive week as our little dog has been poorly to the tune of £92 with another visit to the vet required next week Poor little pooch, we do have insurance but I have a sinking feeling that the excess is £100 !

    We are currently planning a kitchen refurb and have had our range cooker sprayed black to fit in with new colour scheme (was originally cream) and it looks absolutely fab. Am really pleased with the result, cost £125 which is so much less than replacing the cooker

    Seem to be endlessly paying out at the moment. On top of dog, cooker and another trip out, DS4 had various monies required for his theatre choir events/exams. Most things are planned and budgeted for, but I don't really like paying out any more since I discovered MSE

    Have been trying to ring mortgage company to check latest balance, but can't get through this pm. Will try again in a few minutes. Pay day is in sight. Needs to come quite quickly this month, particularly with half-term next week and DS1, 3 and 4 all at home eating everything in sight !!
    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;
    • chumpy45
    • By chumpy45 8th Jun 17, 8:33 PM
    • 315 Posts
    • 1,356 Thanks
    chumpy45
    Oops, don’t know where those two weeks disappeared to? Have been crazy busy at work with student exams, end of year assignments and endless, endless marking However, I am beginning to think that the end may actually be in sight, albeit still a long way off in the distance. The normal mortgage OP has been made and all spread sheets updated (as well as the bar and pie charts to which I am secretly addicted!). Have also dipped my toe into the world of Ebay and managed to sell two dresses which have been hanging in my wardrobe, unworn and feeling sorry for themselves for about two years. I made £9.00 once I had allowed for the under-estimation of postage costs lol, so was quite pleased with that. The money will soon be winging its way to the mortgage, once I have worked out how to retrieve it from PayPal. I have listed another dress (which shamefully has never been worn and still has the tags attached – clearly bought before my MSE epiphany). Hopefully, if I keep going, I will soon have a MK style wardrobe where I can actually move the clothes on the rail. Had a mini appraisal at work which seemed to go well and there may be the possibility of increasing my hours in September which would be great. However, student numbers seem to be quite low at the moment, so I am not holding my breath. Nearly the weekend, need to go and finish my meal plan ready for food shop tomorrow. Have a good evening everyone.
    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;
    • chumpy45
    • By chumpy45 9th Jun 17, 12:49 PM
    • 315 Posts
    • 1,356 Thanks
    chumpy45
    Finally managed to get through to the mortgage company. Outstanding balance as of today's date is £32,828.89 with daily interest at £2.08 Next targets will be to creep into the £20ks and get that daily interest below £2. Getting there !
    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;
    • hiddenshadow
    • By hiddenshadow 9th Jun 17, 1:43 PM
    • 2,186 Posts
    • 9,872 Thanks
    hiddenshadow
    Woo! Sub-£2 daily interest would be amazing, and you're well on your way to the 20s.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Aug '17 £108,189
    Payment 43/84 / 2017 MFW #56: £11,479/£20,000 57% / MFiT-T4 #15: £51,311/£90,000 57%
    • EatingTheElephant
    • By EatingTheElephant 11th Jun 17, 7:54 AM
    • 1,075 Posts
    • 5,747 Thanks
    EatingTheElephant
    Well done Chumpy, good to see those figures tumbling down
    • chumpy45
    • By chumpy45 13th Jun 17, 6:15 PM
    • 315 Posts
    • 1,356 Thanks
    chumpy45
    Thanks Hidden and ETE for your kind words. Have a little confession however, as DH and I went out and seemed to accidentally buy two cars (in the style of GG and her houses lol). To be fair we had been considering trading in our 7 seater as it is very rare the DSs are all home at the same time any more The local dealer had a loyalty event on and we went to have a little mosey and ended up with two new (to us) cars. We are planning to use a T*sco 0% credit card to pay the difference between the trade in value and the new balance. We have the money in savings but may as well maximise the interest and drip feed to the credit card over 30 months. However, the dealership have said a charge of 2.5% will be made for using a credit card so need to work out whether it is still worth it !! Might need the calculator for this one DS1's birthday tomorrow and he is on his way home for a birthday visit Probably a meal out tomorrow which will be lovely to be all together. Enjoy your evening everyone.
    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;
    • chumpy45
    • By chumpy45 15th Jun 17, 10:31 AM
    • 315 Posts
    • 1,356 Thanks
    chumpy45
    Aaargh, seems to have been non stop spending this week. DS1 birthday present and meal. DS2, 3 and 4 all seem to have relied on me to actually purchase presents for DS1 with the assurance they will pay me back. Mmmmm, have heard that before lol, and whilst they are generally very good at managing their own money, I may have to do a little "reminding" later today DH has had lots of extra travel with new job which has meant lots of extra petrol and train fares coming out of our current account. Need to have a chat about how this is going to be managed going forward and how speedy his new employer will be at paying expenses (and how speedy DH will be at claiming expenses!). When I get home tonight, I will need to do some emergency reconciling of the bank account to ensure I know exactly where we are for the rest of the month. This is particularly important as we have to settle balance for new cars at the weekend, so need to get sorted. Too many jobs and too little time at the moment !!!!
    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;
    • hiddenshadow
    • By hiddenshadow 15th Jun 17, 5:01 PM
    • 2,186 Posts
    • 9,872 Thanks
    hiddenshadow
    Congrats on the new cars, even if they were unexpected.

    Hope DS1 ha(s/d) a nice birthday.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Aug '17 £108,189
    Payment 43/84 / 2017 MFW #56: £11,479/£20,000 57% / MFiT-T4 #15: £51,311/£90,000 57%
    • chumpy45
    • By chumpy45 15th Jun 17, 8:43 PM
    • 315 Posts
    • 1,356 Thanks
    chumpy45
    Thanks HS, yes we had a lovely birthday celebration thankyou Yummy meal out (using vouchers of course ).

    Have sold a third item on ebay tonight for £9.50. Am really pleased with that as it was another item of clothing which had been loitering in the wardrobe unworn for over one year. I am a little concerned about Ebay fees - how are these charged? There didn't seem to be any mention of fees with the previous two items I sold, so I withdrew the money from PayPal. Was that a bit previous ?? Could any FB experts give me some advice please? I would be really grateful.

    Am planning a frugal couple of weeks for the rest of June up to payday. Not sure what has happened this month but need to pull the reins in sharply and keep a very careful eye on the pennies.

    Nearly the weekend
    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, 9:39 PM
    • 2,151 Posts
    • 9,638 Thanks
    shangaijimmy
    Great progress chumpy. I to am in car buying mode but cant bring myself to commit to spend. I've been away from here for a few months and now playing catch up. You have inspired me to try and create some charts and graphs with my spreadsheet!! Not sure what to show, but hey ho i'll give it a whirl!
    MFW: Turning June 2036 into March 2023... 29//120 Payments Challenge, Diary Reduction £30,703.25
    Aug 2009: £163,051 // Current: £105,296.75 // Avg Daily Interest £4.73
    MFiT-T4 #8 - 47.86% of £41,000
    • chumpy45
    • By chumpy45 20th Jun 17, 9:29 PM
    • 315 Posts
    • 1,356 Thanks
    chumpy45
    Hi SJ, great to see you popping in. Good luck with the graphs (I have got a little carried away with them). They are very basic but I am having great fun creating them, and it really highlights the numbers when you can see bars (or sections of pie) going up and down (especially with meter readings !!)

    Well should have been picking up the new cars tomorrow but disaster has struck. Ordered the 0% credit card in DHs name, card arrived, pin arrived yesterday then between going to bed last night and waking up this morning DH has lost the pin. How is that even possible ? Cue entire family spending the evening upending bins, checking every scrap of paper, looking under sofas (not a good experience) with an ever increasingly angry DH. DS3 and DS4 retreated to safety of their rooms, never known them to have such an early night I am afraid my suggestion of "just let it go" (not musically expressed, I hasten to add) did not go down well Am thinking weekend may be better to pick up car after all !!!!
    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 20th Jun 17, 9:34 PM
    • 2,151 Posts
    • 9,638 Thanks
    shangaijimmy
    Oops...I'm just picturing it in the same way as my boys and Mrs SJ doing a vanishing act when i have DIY to do. Especially curtain poles! All part of the memories of the new cars!
    MFW: Turning June 2036 into March 2023... 29//120 Payments Challenge, Diary Reduction £30,703.25
    Aug 2009: £163,051 // Current: £105,296.75 // Avg Daily Interest £4.73
    MFiT-T4 #8 - 47.86% of £41,000
    • chumpy45
    • By chumpy45 23rd Jun 17, 3:25 PM
    • 315 Posts
    • 1,356 Thanks
    chumpy45
    Haha, you are so right SJ. We are finally picking up the cars today, as this afternoon DH decided randomly that he could remember the PIN that he had memorised and can now use the card !!!!! Quite excited to pick them up and even more excited that tax on my new little car will only be £30 p.a. 2 NSDs this week and have taken packed lunch each day at work so quite pleased with progress. Off to collect DS2 tomorrow who has just graduated. Waiting for results I suspect a few tears tomorrow as he had had such a fantastic time, it will be very difficult to leave his friends. Have a lovely weekend everyone.
    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;
    • chumpy45
    • By chumpy45 25th Jun 17, 8:49 PM
    • 315 Posts
    • 1,356 Thanks
    chumpy45
    A crazy weekend. Collected the two new cars Salesman was very "thorough", and the whole process took over 3 hours Collected DS2 and I thought of GreenT's recent post as the kitchen was "minging". Only DS2 and one other student remained. The other 5 had taken their own belongings over the course of the week and taken their leave. Cue cupboards still with random unclaimed items and unidentifiable bits of food stuffs. I braved it with some rubber gloves, a bin bag and a lot of bleach I did feel a little sorry for DS2 who had been cleaning for two days solid (but not that sorry as he had also "indulged" on the vodka the night before and was suffering ). My house now looks as though it has been invaded, with a trail of belongings from the porch to DS2's bedroom. He has been working hard all day to try and fit 3 yrs accumulation of studenty random belongings into his small boxroom Could take a while me thinks. In money news, I needed extra petrol to manage the Uni pick up trip, but on the other hand it did give me a reason to have a lovely run in the new car. Right, off to get things ready for the morning. How can it be Sunday night already ? Have a good week everyone.
    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 25th Jun 17, 9:14 PM
    • 2,151 Posts
    • 9,638 Thanks
    shangaijimmy
    And with his return he'll transport the mess as well...! Totally with you on how quick the weekend has gone, especially when the week seems to go so slow!
    MFW: Turning June 2036 into March 2023... 29//120 Payments Challenge, Diary Reduction £30,703.25
    Aug 2009: £163,051 // Current: £105,296.75 // Avg Daily Interest £4.73
    MFiT-T4 #8 - 47.86% of £41,000
    • greent
    • By greent 4th Jul 17, 5:12 PM
    • 6,066 Posts
    • 61,319 Thanks
    greent
    STudents and minging kitchens..... bleurgh! Have already transported DD's kitchen stuff and some bedding to her new flat - saves it hanging around here all summer!

    Ebay fees (playing catch up here) - you might already have the answer by now, though. They charge 10% of the final sale price (Final value fee - FVF) and also 10% of the postage price charged. So if you sell an item for £10 + £2.50 they will charge you £1 + 25p for doing so (unless you have a special offer from them - but that's often by email invitation only) They send you an invoice (mine is month end) and debit paypal a few days later. If you don't have the funds in paypal you probably have a direct debit to you bank account/ a card to fund it. So your dress selling for £10 is only really £9 - and if postage cost you £2.50 you are out of pocket on that by 25p (not taking into account any packaging costs or fuel to get to PO) Paypal also take a cut of money rec'd - it used to be (not sure of current rates) 3.4% + 20p per transaction.
    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) £4070/£3286
    Net sales 2017 £763.00/£500 PAYDOX17 £10787/£10k Decluttered 1284/2017 items
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