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  • FIRST POST
    • Skinnylatte
    • By Skinnylatte 1st Jan 16, 5:27 PM
    • 1,100Posts
    • 4,597Thanks
    Skinnylatte
    Skinny Latte's Mortgage Mugging
    • #1
    • 1st Jan 16, 5:27 PM
    Skinny Latte's Mortgage Mugging 1st Jan 16 at 5:27 PM
    Wow this is a bit scary, leaving my safe little diary on the debt free wannabe board and starting a brand new sparkly diary here. It's like getting rid of an old teddy

    So here I am a MFW, ready to take on my mortgage and use any means possible, mainly legal, to get rid of it as soon as possible. So a few facts

    My Mortgage
    £133,895
    17 years and 5 months left to pay
    Interest is 2.49% interest only.

    About me
    Fairly good job, single, 2 kids aged 17 &18 one is in full time education and the other about to start a full time job.
    I have a couple of additional forms of income, a youtube channel, a information 'adsense' website and a drop shipping website. These pay for my car and mobile phone at the moment, if I dedicated a bit more time and energy to them they might pay for a lot more...!

    I would be delighted to be rid of this mortgage in 10 years, when the world will become my lobster - lets see what's possible
    Last edited by Skinnylatte; 01-01-2016 at 8:07 PM.
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


Page 13
    • hiddenshadow
    • By hiddenshadow 22nd Aug 17, 2:51 PM
    • 2,262 Posts
    • 10,221 Thanks
    hiddenshadow
    Well done for reaching 10% payoff!
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Nov '17 £105,759
    2017 MFW #56: £13,909/£15,000 92% / MFiT-T4 #15: £53,740/£90,000 59%
    • Skinnylatte
    • By Skinnylatte 22nd Aug 17, 10:56 PM
    • 1,100 Posts
    • 4,597 Thanks
    Skinnylatte
    Well done for reaching 10% payoff!
    Originally posted by hiddenshadow
    Thank you, it's like I got my mojo back

    Frugalness today was feeding the Sainsbobs self check out with shrapnel, much to the annoyance of the large queue behind me, and then paying the £5 saved into my CC account

    I have a job interview, for the fat salary, not the ludicrous salary

    Hotel tonight, so subsistence all paid for and £81.50 fuel expenses to claim.

    Being audited tomorrow at work - boo it's usually the other way round.

    Night night all, thank you for reading xx
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • shangaijimmy
    • By shangaijimmy 23rd Aug 17, 7:41 AM
    • 2,227 Posts
    • 10,249 Thanks
    shangaijimmy
    My audit felt like a 2 day Spanish inquisition. It was friendly until they taped my eye lids open!!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • greent
    • By greent 23rd Aug 17, 9:00 AM
    • 6,420 Posts
    • 64,819 Thanks
    greent
    Haha! I stood at Tesc0 the other day with £20+ pound in 20p and less coins feeding them in - and then made a rounded up OP to the mortgage as a result Don't understand why anyone would pay C0inst*r 9% or whatever it is to count their money?!
    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) £5034/£3286
    Net sales 2017 £1221.45/£500 PAYDOX17 £11937/£10k Decluttered 1730/2017 items
    • Skinnylatte
    • By Skinnylatte 30th Aug 17, 7:28 PM
    • 1,100 Posts
    • 4,597 Thanks
    Skinnylatte
    I went shopping at the weekend and bought some new running shoes, so expensive I can't tell you. But I've been running and they do feel much better. I had them properly fitted as I get sore knees, you can't put a price on health I say!
    £72.50 refund from brit gas, paid off the CC.
    Bloomin expenses didn't arrive yet again, lost in the system apparently
    This week I'm away most of it so hotels and subsistence, plus milage (when I get it!)
    Not much else to report
    Last edited by Skinnylatte; 02-09-2017 at 12:40 PM.
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 2nd Sep 17, 1:08 PM
    • 1,100 Posts
    • 4,597 Thanks
    Skinnylatte
    My absolute favorite time of the month. Direct debits going out, and overpayments made, so I can update my signature.
    My daily interest rate has dropped 5p per day again, saving another £18.25 a year. 15 years and 3 months to goÖ
    This morning I transfer £569 from the offset to the mortgage account, a satisfying over payment, and bringing me closer to the hundred and teens, which feels decidedly smaller than the £130+ that it was when I started this diary.
    I had a scout round the charity shops this morning, and found a pair of next long trousers, perfect fit for work £4 and a chick flick for my holiday Ė yes holiday. Itís a girly holiday, weíre going horse riding in andalucia, not a cheap holiday, but saved up and paid for in advance, and the spending money is sat in itís Ďholidayí pot waiting to be spent. We didnít realise when we booked it, the flights were included, that is was hand luggage only, and we have to take our own riding gear. So if you see a group of women at the airport 6am Monday morning with carry on luggage only, wearing all their riding gear, hats and all, thatíll be us!!
    Right Iím off to polish my boots and have a practise pack
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 3rd Sep 17, 8:17 PM
    • 1,100 Posts
    • 4,597 Thanks
    Skinnylatte
    A quick round up before holibobs. I forgot to tell you about my job interview, not that there's much to tell, but it seemed to go ok, I should hear something next week.

    When I get back hopefully there will be 2 lots of expense in my account - £700. All to go on CC or mortgage, not decided yet.

    Applied for an M&S CC, as if you spend £100, you get £50 M&S vouchers, which I thought would make a nice xmas pressie for someone. I am now frugal enough to pay off the £100 and then shred it

    I found a pair of croc sandals in the sale today for £10, so bought those, they're strappy with a nice silver decoration on the front so should do for the pool and night time. My case is packed (excellent charity shop bargain at £1, the handles a bit dodgy but I can live with it!), and only at 8kg (limit 10kg), so I'm looking round to see what else I can take!

    Have a lovely frugal week peeps xx
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • hiddenshadow
    • By hiddenshadow 4th Sep 17, 12:57 PM
    • 2,262 Posts
    • 10,221 Thanks
    hiddenshadow
    Have a lovely holiday.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Nov '17 £105,759
    2017 MFW #56: £13,909/£15,000 92% / MFiT-T4 #15: £53,740/£90,000 59%
    • Skinnylatte
    • By Skinnylatte 9th Sep 17, 3:24 PM
    • 1,100 Posts
    • 4,597 Thanks
    Skinnylatte
    Have a lovely holiday.
    Originally posted by hiddenshadow
    Thank you, we had a lovely holiday, lots of laughs, and I stayed within my budget
    I heard back re the job, and I didn't get it but I do have another interview for another on 22nd, so fingers crossed for that.

    Guess what, expenses never arrived really not impressed, I'm thinking of putting in an official complaint, I'm not really sure where I stand with it all, but surely they can't expect me to fund all this company travel, with no gaurentee when I'll get it back.

    Have been accepted for the M&S CC, hae sent all paper work back, and will awaite said card, spend £100, pay it back, then claim my £50 voucher.

    New croc sandals were a brilliant buy, will only ever need to take 1 paid of sandals on holiday now.

    I've done a sweep of accounts, including emptying my emergency fund and have transfered £807 to offset acc, still have around £1000 in savings pots, so in the black. If expenses had been paid would have been another £700

    Have listed some stuff on FB, and lady picking something up later, no luck on fleabay, will have to relist.

    DS goes back to college tomorrow, so sitting down later and talking about the fiances, as he's going to have a shock after woring full time!
    DD hates new job in A&E, and is looking for something else, has 2 applications in, still within NHS. She want to specialise in adult learning dissabilites, back to what she did before, finds so much job satisfaction in it, much more than most of the people who come through A&E.....Man comes in with head ache

    "What have you taken for it?"
    "Nothing"
    "Why?"
    "I don't usally get them" Really!!!!!!!!

    So better get on with my 'list for today'

    Hope you all had a productive week xx
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 12th Sep 17, 9:33 PM
    • 1,100 Posts
    • 4,597 Thanks
    Skinnylatte
    Iím not sure if I mentioned before, but I started the coach to 5k in March, it should take 9 weeks, and by last week I managed to get to week 8 yay!! Then I went and did a park run, managed the whole 5k in 42 minutes and came 500 out of 509. As a reward Iíve bought some new running leggings (out of my clothes budget) from Tesc@. Now I need to get faster, my reward for getting to 5k in 30 minutes is a download of Springsteenís greatest hits to run to.

    I met my new boss this week, who is really nice, and had a go at accounts for all my delayed expense payments, so hopefully they will now be paid on Friday. Thatíll take my ĎPay off credit card potí to nearly £2000. Iím putting it all in my offset account, and will pay off the CC in 11 months, thereís no point in paying it off the CC now as itís interest free. I will be much more disciplined this time, rather than saving up a big stash then spending it on home improvements!


    Both my kids are now considering Uni, which was just not on the cards 12 months ago, or even last month, wow, I canít help thinking how much thatís going to cost me lol.


    Iíve been working very hard on the youtube channel, and income has gone way up, so all being reinvested in more content, also having a new website built for my part time income, so lots going on for my retirement fund
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 12th Sep 17, 10:03 PM
    • 1,100 Posts
    • 4,597 Thanks
    Skinnylatte
    Sorry for 2 consecutive posts. But I just realised that my daily interest rate has dropped from £9.13 £6.58 since I started this diary January 2016, a saving of £2.55 a day Ö £930 a year. Wow, this is from re-mortgaging, overpaying and using my offset account. It just shows all those little actions make big impacts overall, even if one's eye has been off the ball!
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Seasidegal58
    • By Seasidegal58 15th Sep 17, 1:44 PM
    • 1,084 Posts
    • 5,879 Thanks
    Seasidegal58
    Hi skinny - I've been off the boards for a while and have been catching up with diaries - I've toddled over from the Debt Free Diaries thread where I live and finally caught up with you.

    So pleased that things are going well for you - always interested in what you have to write!

    SSG x
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Save for New Kitchen!
    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"
    • Skinnylatte
    • By Skinnylatte 26th Sep 17, 11:26 PM
    • 1,100 Posts
    • 4,597 Thanks
    Skinnylatte
    Hi skinny - I've been off the boards for a while and have been catching up with diaries - I've toddled over from the Debt Free Diaries thread where I live and finally caught up with you.

    So pleased that things are going well for you - always interested in what you have to write!

    SSG x
    Originally posted by Seasidegal58
    Thank you for stopping by SSG, good to see you back. Wow congratulations on your emergency fund, I'm well impressed, I keep spending mine on non-emergencies xx

    So got a second interview for 2nd choice job, if I get it it won't be much of a pay rise, if any, however the pension is better, and I'll be able to sleep in my own bed every night PLUS I get a 10% off card for groceries

    M&S card arrived, and 1 tank of fuel and a big shop and I've spent £100, so pay it off and wait for my £50 voucher

    I got a motoring offence ticket, for being in a bus lane, for flips sake, I was only in it for about 50 yards while turning left. £65 down, it feels like monopoly this game, in one hand and out the other!!

    Away all week, racking up the expenses and nicking all the hotel soap...
    Last edited by Skinnylatte; 02-10-2017 at 11:04 PM.
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 2nd Oct 17, 11:14 PM
    • 1,100 Posts
    • 4,597 Thanks
    Skinnylatte
    My favourite time of the month, mortgage payment made, and signature updated. Overpayments/emergency fund saving another 42p per month.

    Here's a chalenge, can I get it to <£120000 by Christmas???



    Iíve managed to put £1456.62 into the offset account this month, Iíve actually no idea how really, well some of it was owed expense payments, it wasnít until I counted it all up tonight thought that I realised what is amounted to! Iím going to keep piling it in there, until I have enough to pay off the CC, and then it will be gone, and never again will I put anything on the CC that I canít pay off within the month, youíd think Iíd have learned the first time!


    Not much else to report, just plod plod plodding along
    Last edited by Skinnylatte; 02-10-2017 at 11:17 PM.
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Mrs Money Penny
    • By Mrs Money Penny 3rd Oct 17, 12:07 PM
    • 718 Posts
    • 6,248 Thanks
    Mrs Money Penny
    Well done impressive savings.
    MFIT T4 40
    MFIT Challenge save £40k
    £55526:/36617/18909
    • Seasidegal58
    • By Seasidegal58 3rd Oct 17, 11:14 PM
    • 1,084 Posts
    • 5,879 Thanks
    Seasidegal58
    Well done and to the Xmas challenge!

    Of course the soap that you liberated all helps to keep the costs down!

    SSG x
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Save for New Kitchen!
    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"
    • Skinnylatte
    • By Skinnylatte 12th Oct 17, 11:31 PM
    • 1,100 Posts
    • 4,597 Thanks
    Skinnylatte
    I have news....I got the job I actually won't be any better off really, the salary is the same, but I will have travel expenses getting there and back, but the pension is pretty awesome, they pay in 11%. Also a lovely company to work for, and much better long term prospect, plus I won't be living out of a suitcase and can sleep in my own bed every night. So well chuffed all round, I have to work 3 months notice though, just wondering how much soap and teabags I can gather before I leave!

    I haven't been very good this week, I had a coffee shop coffee yesterday and took DD for a burger today. Everything feels a little out of control today, I need to file some more expenses and pay off a couple of amounts I have on CC for work related expenses. Also I booked a spur of the moment mini break to Bruges in December, it was only £99 each for 3 nights, but still, there will be all the extras to pay for... (I did get £18 cash back through TCB though )
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • greent
    • By greent 13th Oct 17, 3:55 PM
    • 6,420 Posts
    • 64,819 Thanks
    greent
    Great news re the job!

    Bruges break sounds good
    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) £5034/£3286
    Net sales 2017 £1221.45/£500 PAYDOX17 £11937/£10k Decluttered 1730/2017 items
    • Seasidegal58
    • By Seasidegal58 14th Oct 17, 12:47 PM
    • 1,084 Posts
    • 5,879 Thanks
    Seasidegal58
    Thatís cracking news skinny! what a great pension contribution and of course your work/life balance will be so much better.

    Well done!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Save for New Kitchen!
    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"
    • Moneyfordreams
    • By Moneyfordreams 14th Oct 17, 1:26 PM
    • 902 Posts
    • 4,396 Thanks
    Moneyfordreams
    congratulations
    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
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