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  • FIRST POST
    • try harder
    • By try harder 27th Mar 16, 4:39 PM
    • 677Posts
    • 2,506Thanks
    try harder
    170000 in 10 years
    • #1
    • 27th Mar 16, 4:39 PM
    170000 in 10 years 27th Mar 16 at 4:39 PM
    hi first post on mortgage free wannabe site -i have a 170000 mortgage on a house valued at around 230000 we have an interest only mortgage on 155000 and repayments on the other 15000 paying 676 a month total mortgage we are paying 3.88%variable rate.We received a small inheritance that we used to pay a lump sum off of the mortgage we have no limit on what we can overpay which is really good.We are both in our 50s and i am afraid i have never ever been any good with money we have spent every penny that we had spare on cars holiday etc but mostly on our children and now its our children and grandchildren i could have bought 3 houses over the last 20 years with the money i have wasted .We have 10 years left to finish paying this mortgage and if i dont do something now i will end up with no home so i must start now to make changes.I have read through as many diaries as i can and bought folders and notebooks written out budgets etc and now want to work really hard to pay off the 170000 in 10 years i am hoping to do this by overpaying 10 a day equaling 3650 pounds in a year and around 1200 pounds a year is coming off of the balance in repayments after all the interest so total around 5000 a year off the mortgage then save the other 12000 in other ways i have opened 2 isas 2 regular savers and numerous bank accounts.I may not get anywhere near to that amount saved i have never ever saved before but i am very determined and i hope that with the help of everyone on here i can stay motivated i am definitely looking forward to trying
Page 22
    • themadvix
    • By themadvix 1st Feb 18, 1:02 PM
    • 1,348 Posts
    • 8,081 Thanks
    themadvix
    That sounds like a great plan for the month

    I think I need a challenge this month - I find they are really motivating (at least for the first couple of weeks....!)
    OPs 2017 = 3103
    S&S ISA 2017 = 626
    OPs 2016 = 6142.12
    Starting balance 2012: 132000; balance Dec 2017: 96,822
    MFW2017 no. 38
    • try harder
    • By try harder 2nd Feb 18, 7:41 AM
    • 677 Posts
    • 2,506 Thanks
    try harder
    I had a good day yesterday ,i came home with three bags of reduced food some of which was from the Co ox at ten pence each and paid a total of 2.99 ,bread and rolls are all divided into smaller bags and in the freezer ,i do hope i wont see any more freezer stuff reduced as my freezer is completely full now and i find it hard to resist .Today i need to look for vegetables to make soup for dinner tonight and fruit for a fruit salad ,really loving this challenge .

    One sale on ebax on Sunday wrapped and posted yesterday ,i need to get lots more items listed as its free listing throughout February apparently so thats a job for the weekend ,i really do not enjoy it but im happy when i sell so it has to be done .

    Thank you ch4rly ,im looking out for a nice little basket to put everything into now ,i might have a look in some CS today if i get time and if it stops pouring with rain .

    Thanks themadvix ,i definitely seem to be more motivated if i set myself challenges .
    • try harder
    • By try harder 3rd Feb 18, 10:25 AM
    • 677 Posts
    • 2,506 Thanks
    try harder
    More great bargains grocery shopping yesterday with 8.58 spent and freezer really full to the brim now , fingers crossed for today too ,i really am loving this challenge and hoping i can keep the figure low overall this month.

    No sales yesterday on ebax ,i think i might try putting a few items on gumtrex today i am hoping for 150 over the month at least thats my target but it wont happen without any work so more ebax listing too.

    Nothing more to report so off to look round the shops then walk the dog .
    • themadvix
    • By themadvix 5th Feb 18, 10:49 AM
    • 1,348 Posts
    • 8,081 Thanks
    themadvix
    You need to start eating some of it now

    I've set myself a limit of 75 for the month, but hopefully will come in some way under that.

    Did you do the listings on GT/the Bay?
    OPs 2017 = 3103
    S&S ISA 2017 = 626
    OPs 2016 = 6142.12
    Starting balance 2012: 132000; balance Dec 2017: 96,822
    MFW2017 no. 38
    • try harder
    • By try harder 12th Feb 18, 8:29 AM
    • 677 Posts
    • 2,506 Thanks
    try harder
    Day 12 of February and not doing too well ,my goal was to spend 240 this month on groceries and i have already used 181.89 of that leaving just 58.11 to last for 17 days ,i do still have a fairly well stocked freezer and two fridges but i have things to buy for tomorrow pancake day and wednesday valentines day so not sure how this is going to work.Never mind i like a challenge .

    In other news there had been no sales on ebax for ten or eleven days but this morning a sale at last so thats one plus and one offer that i have to think about

    themadvix you know me too well ,i will start to eat out of the freezer it is full yes and i do need to get myself organised and remember to get things out the night before ...No i havent listed anything at all on GT nor ebax how naughty is that ,nothing slips by you ,you definitely keep me on my toes im glad someone does i will put it on my list for this week .

    I really do need to get motivated although one good thing i have done is surveys mainly because you can do it in the warm and sitting on your sofa ,i netted 4.70 and 20 this weekend so thats something positive at last i just wish i could find this thing called motivation im sure i could do so well if i could find it
    • Busy Mee1
    • By Busy Mee1 12th Feb 18, 12:56 PM
    • 497 Posts
    • 2,130 Thanks
    Busy Mee1
    Hi Try Harder I am sure you can get on top of your grocery spends, you are usually so good at keeping to your food budget.

    I don't normally do surveys but I signed up for Nectar Canvass and have been doing a few on there. They email you when there are some available and you earn nectar points, which always come in useful.

    In terms of motivation I read on someone else's thread about just having three extra tasks to do everyday ( extra to the usual things like laundry) This is supposed to be more motivating than having a big list of things to do and you are more likely to get the three things done. It works for me : )
    • themadvix
    • By themadvix 13th Feb 18, 9:18 AM
    • 1,348 Posts
    • 8,081 Thanks
    themadvix
    I like the three tasks thing - I love a list, but I do find that if I don't prioritize then I'll pick the easy bits off and leave the harder bits for the following day!
    OPs 2017 = 3103
    S&S ISA 2017 = 626
    OPs 2016 = 6142.12
    Starting balance 2012: 132000; balance Dec 2017: 96,822
    MFW2017 no. 38
    • try harder
    • By try harder 13th Feb 18, 10:33 AM
    • 677 Posts
    • 2,506 Thanks
    try harder
    Morning Busy Mee1 and themadvix . I think the problem has arisen because i allow 100 a week for groceries which would have meant 400 for the four weeks but i have tried to save 160 of the 400 so only allowed 240 this month so its just a matter of adjusting to 60 a week rather than 100 .I have 54.96 left whereas i would have had 214.96 left in a normal month so it is getting very tight .

    Yes thats a good idea ,i have seen it too ,i will try it ,i am just naturally lazy but would be very happy with three jobs finished a day .

    Was just thinking about you themadvix hope you have had a good break.
    • themadvix
    • By themadvix 14th Feb 18, 10:05 AM
    • 1,348 Posts
    • 8,081 Thanks
    themadvix
    Ah, yes, but you're forgetting that freezer full of food

    I'm naturally lazy too - hence the lists help me to keep on top of stuff. I had a lovely break thanks - wish I was there again now!
    OPs 2017 = 3103
    S&S ISA 2017 = 626
    OPs 2016 = 6142.12
    Starting balance 2012: 132000; balance Dec 2017: 96,822
    MFW2017 no. 38
    • try harder
    • By try harder 19th Feb 18, 11:21 AM
    • 677 Posts
    • 2,506 Thanks
    try harder
    Well the good news is that i have passed the 20,000 mark and am hoping to be closer to 21,000 than 20,500 but we shall see .

    Grocery budget has 27.55 left in it which has to last 10 days so 2.75 a day lets see how i get on with that too otherwise i will have to dip into the 160 i have set aside from the food budget and i dont want to do that or at least only take out as little as possible.I do have lots of food in the freezer themadvix you are quite right .

    Off out in a while for a dog walk and a look around the shops for a bargain i like a challenge.

    Ebax has been so very quiet just one sale in the whole of February so my 10 a day challenge is completely shattered although i have taken around 30 on surveys .

    Money set aside for big birthday this month and some small gifts but i still need to find a nice box or basket to put them in .
    • Busy Mee1
    • By Busy Mee1 21st Feb 18, 7:19 AM
    • 497 Posts
    • 2,130 Thanks
    Busy Mee1
    Well done TH on breaking the 20k barrier - how does it feel to be a lady who has 20k in savings ?
    • try harder
    • By try harder 22nd Feb 18, 1:17 PM
    • 677 Posts
    • 2,506 Thanks
    try harder
    Thank you Busy Mee1 it feels great but as usual i am having trouble getting from one figure to the next i wanted to be closer to 21,000 but i cant see that happening but if i can reach 20,500 i will be very happy ,i wont know until the last day of the month for certain .I still have my 30,000 goal by the end of the year so with ten months left i am still on target
    Last edited by try harder; Today at 5:51 AM. Reason: mistake
    • michelle09
    • By michelle09 23rd Feb 18, 7:24 AM
    • 647 Posts
    • 3,333 Thanks
    michelle09
    Well done on the 20k!
    • ch4rly2002
    • By ch4rly2002 23rd Feb 18, 11:04 AM
    • 348 Posts
    • 1,438 Thanks
    ch4rly2002
    That's fabulous TH, and I like the sound of the target for the end of the year... something to aim for, and even if something happened to cause you to miss it, you'll still be in the high 20s so that will be amazing!
    Savings: Aim 13.5k. Dec 2016 1,700 / Feb 2018 12,350
    Mortgage: Dec 2014 -216,000 / Feb 2018 -192,200
    BTL Mortgage: Dec 2014 -136,000/ Feb 2018 -123,400
    CC 0%: Nov 2016 -4,500 / Feb 2018 -3,368.27
    Loan to In-Laws: Sep 2010 -48,185.82 / Feb 2018 -30,315.49
    Student Loan: March 2011 -18,275.04 / April 2017 -14,003.85
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