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  • FIRST POST
    • giblet1979
    • By giblet1979 5th Sep 16, 11:06 PM
    • 846Posts
    • 3,398Thanks
    giblet1979
    Giblet's mortgage free journey
    • #1
    • 5th Sep 16, 11:06 PM
    Giblet's mortgage free journey 5th Sep 16 at 11:06 PM
    Hi everyone,
    After lurking on here for a while, I have decided to bite the bullet and officially join in....
    I was an enthusiastic DFW, and posted frequently in my diary last year which I found such a good motivator; unfortunately, life got in the way and I didn't keep it up. I did stick with overpaying debt however, and am pleased to have very recently become debt free for the first time in my adult life
    If anyone would like a bit more info about me, it's here:

    http://forums.moneysavingexpert.com/showthread.php?t=4944710&page=23

    I am now a very excited MFW...I have been overpaying about £200 automatically since re-mortgaging from a 2yr 4.24% fix to a 5yr 2.89% fix (saving about £10 a day interest in the process).
    DH and I are totally focussed on getting this mortgage gone early (and my 4 jobs are helping with this at present, lol).
    We've managed to shave about 5mths off our 30yr term in OP's so far (not a bad start) and plan to try and reduce our 27 years remaining to about 10

    Is it possible.....lets try and see

    (...secretly I'd like to pay it earlier, but must be sensible....)

    Can't wait to learn even more hints and tips from you lovely people on here. Just made a £683 OP to round off the day in style (proceeds from 2 months of job 2 and a tilly tidy in the process - feeling brave!)

    Must now resist rechecking mortgage balance and start to plan how to cut back further to maximise OP's.....

    Gib xx
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

    Work overpayment and home improvement loan paid back (£19200)


Page 3
    • giblet1979
    • By giblet1979 10th Oct 16, 10:10 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    I'm so sorry that it didn't happen for you mrsp - it's horrible to see them suffering xx
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

    Work overpayment and home improvement loan paid back (£19200)


    • mrsp1987
    • By mrsp1987 11th Oct 16, 7:26 AM
    • 781 Posts
    • 3,760 Thanks
    mrsp1987
    It is, she was my first pet. She was hubby's before we met so moved in with us when we bought our house. I'd like to think we didn't leave it too long to make the final decision and she didn't suffer too much xx
    Mortgage April 2011: £108,499 30 yr term Current Mortgage £96,211.87 20 yrs 10 months left
    O/P Fund: £2,336.81/£1,000
    Tilly Tidy #11: I've completely lost count!!
    MFiT T4 #67 - Reduce mortgage from £99,310.76 to £80,000. Currently £95,166.53
    • giblet1979
    • By giblet1979 11th Oct 16, 9:26 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    My two are my first pets - I try to avoid thinking about how I'll be when the time comes.....

    Not much MSE to report today; a very busy day at work, and did avoid buying stuff when tempted (namely lunch and a coffee on the way home) but I won't OP until I know for sure what Friday's dental stuff is going to cost.

    Have worked out that I'm expecting to earn about £1500 between now and December in jobs 3 and 4 which is planned to go straight to OP. Need to keep that in mind when I could be heading home, but instead I have to go to an additional shift after work making those days 13/14hrs. It's only a few tho

    Hope everyone is doing well - time for a mug of tea and finish watching Great British Menu on catch up

    Gib xx
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

    Work overpayment and home improvement loan paid back (£19200)


    • mrsp1987
    • By mrsp1987 11th Oct 16, 9:45 PM
    • 781 Posts
    • 3,760 Thanks
    mrsp1987
    Ouch - I used to work for a green supermarket and I remember doing 13/14 (and more) hour shifts. The money is nice but boy is it tiring. Much prefer it now but then again I'm earning more per hour and it's in an office. Also, first time in a decade I'll have the whole of Christmas off!!
    Mortgage April 2011: £108,499 30 yr term Current Mortgage £96,211.87 20 yrs 10 months left
    O/P Fund: £2,336.81/£1,000
    Tilly Tidy #11: I've completely lost count!!
    MFiT T4 #67 - Reduce mortgage from £99,310.76 to £80,000. Currently £95,166.53
    • amycool
    • By amycool 12th Oct 16, 1:35 PM
    • 670 Posts
    • 2,969 Thanks
    amycool
    That sounds exhausting Giblet but will make a big difference in the long-term. Glad to hear your cat is feeling better. We have a rat on antibiotics at the moment!
    Mortgage (Start Sep 2014)- £70,295/£45844.47- 34.8%
    Overpayments - £14435.03
    • Dolly Rocker
    • By Dolly Rocker 12th Oct 16, 3:01 PM
    • 2,657 Posts
    • 7,060 Thanks
    Dolly Rocker
    Hey giblet1979,

    Just had a read through your diary & I love it already.

    Congratulations on becoming Debt Free, we are currently in the process of getting rid of ours. Will be gone by 2017 then we can start savings for our mortgage deposit then start on the MFW!

    You are doing so well on the OP's already.

    Cannot believe you work 4 jobs, I work 1 & feel that is enough

    Dxxx
    Debt Free by Xmas 2017 6,186.67/14,523.76
    Saving for Xmas 2017 0/365
    Goal Weight by August 2017 27lbs/84lbs
    Mortgage Savings 2020 0/25,000
    • giblet1979
    • By giblet1979 12th Oct 16, 3:59 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    Hi all,

    Feeling sorry for myself today as the abscess has got the better of me and I'm off sick. Very dosed up on painkillers now tho, and hoping to get into work tomorrow but will miss a shift tonight; nice rest but rubbish in terms of meeting my OP goals! Might have to try and find the money from somewhere else to make up for it....

    mrsp - I used to work split shifts in a corner supermarket when I was at uni - the most physically exhausting work I've ever done. At least now I get to do a lot more work sitting down, but it's not as good for the waistline...

    amy - awwww to the poorly rat. Hope it's feeling much better. Also hope you're doing well? Hugs all round. DH won't let me have any more animals (maybe a dog when we're home more, but everything else I suggest I'm told no...I don't even have to say anything, I just look at him and he says 'no' )

    dolly - thank you so much for your kind words. It's lovely to know that people are interested enough to read (still not sure why) and it helps me so much to read others, and to write down my ramblings. Do you have a diary? That sounds like a great plan, and it seems like it will take such a long time to be debt free, but then it happens and the exciting MFW life can begin

    Right...I've decided to make an OP to cheer myself up (and I would have paid out for petrol today if I'd got to work so....)

    Back later

    Gib x
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

    Work overpayment and home improvement loan paid back (£19200)


    • giblet1979
    • By giblet1979 12th Oct 16, 4:16 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    £33.74 OP just sent to the mortgage (petrol, yesterdays non-spends and a tilly tidy to the next 00 - AFK would be happy although it's not the mortgage balance as I can't see that round off in real time )
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

    Work overpayment and home improvement loan paid back (£19200)


    • Dolly Rocker
    • By Dolly Rocker 12th Oct 16, 4:41 PM
    • 2,657 Posts
    • 7,060 Thanks
    Dolly Rocker
    Hey,

    Sometimes your body just needs rest.

    You can catch up on the OP when you are feeling better.

    I know, I will be debt free before I know it then can start building my Deposit Pot.

    I'm already looking forward to making a spreadsheet & reducing the term of my non existent mortgage

    I just feel like I need to focus on the big picture in order to stay on track, did you find that.

    Dxxx
    Debt Free by Xmas 2017 6,186.67/14,523.76
    Saving for Xmas 2017 0/365
    Goal Weight by August 2017 27lbs/84lbs
    Mortgage Savings 2020 0/25,000
    • giblet1979
    • By giblet1979 12th Oct 16, 5:22 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    Hi dolly
    Yes, we moved in with family to save for a deposit (lucky we could do that, and it made sense as I'm a carer for parents). Then we tried to save as hard as possible, but have a bit of a life at the same time. The fact that you're already thinking about overpaying at this point is excellent. We ended up taking on a bit of a project, which was more than we'd budgeted for, but I still think it was the right thing to do, and knowing that we were short on the deposit and fees, but REALLY wanted this house certainly focused us in the final few months while the sale went through
    Now I've found your diary, I'm looking forward to learning in more detail about your goals xx
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

    Work overpayment and home improvement loan paid back (£19200)


    • Dolly Rocker
    • By Dolly Rocker 12th Oct 16, 5:26 PM
    • 2,657 Posts
    • 7,060 Thanks
    Dolly Rocker
    See that's great, would have been a massive help for you.

    We are renting at the moment, just need to keep the focus.

    I also need to remind myself that this is not going to be a quick process either, 2017 rid of debt, 2017- 2021 save, 2022 buy home, 2033 hope to be mortgage free!

    Long term plans, very long term.

    Dxxx
    Debt Free by Xmas 2017 6,186.67/14,523.76
    Saving for Xmas 2017 0/365
    Goal Weight by August 2017 27lbs/84lbs
    Mortgage Savings 2020 0/25,000
    • mrsp1987
    • By mrsp1987 12th Oct 16, 6:00 PM
    • 781 Posts
    • 3,760 Thanks
    mrsp1987
    Giblet - I know what you mean. I used to calorie count but then when I switched jobs in the New Year going from such an active job at @sda to an office based desk job I really struggled. In the end I joined Slimming World and reached target at the end of August. I still think it was the best decision I've ever made leaving though! Miss the people but that's all.
    Walked into town to pop into w@itrose for some eggs and there were pallets of pumpkins. It didn't even register with it being the 12th October that they'd be in store now. It's refreshing to be surprised by what I see in a shop now rather than expecting it weeks in advance.
    Mortgage April 2011: £108,499 30 yr term Current Mortgage £96,211.87 20 yrs 10 months left
    O/P Fund: £2,336.81/£1,000
    Tilly Tidy #11: I've completely lost count!!
    MFiT T4 #67 - Reduce mortgage from £99,310.76 to £80,000. Currently £95,166.53
    • A Frayed Knot
    • By A Frayed Knot 12th Oct 16, 6:41 PM
    • 1,742 Posts
    • 7,993 Thanks
    A Frayed Knot
    £33.74 OP just sent to the mortgage (petrol, yesterdays non-spends and a tilly tidy to the next 00 - AFK would be happy although it's not the mortgage balance as I can't see that round off in real time )
    Originally posted by giblet1979

    Your right very happy can't see it in real time, make up a virtual spreadsheet and hey presto - you can see it
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • giblet1979
    • By giblet1979 13th Oct 16, 9:21 AM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    Morning all,

    dolly - a long term plan is the best kind (with lots of little achievable goals in the meantime). I guess this is a lifestyle change (in the same way as 'diets' don't really work if you return to old habits). More a new mindset

    mrsp - it is so hard leaving friends but sometimes a change is the best option. Always an excuse for a catch up over a cup of tea if you're able to go back too
    Congratulations on getting to target at SW - I need to take some inspiration from you. Atm I'm only able to eat mush due to abcesses which led me to excuse myself to eat a full tub of ice cream last night (oops). Not sure the scales will be friendly to me tonight at weigh in.....

    AFK, I'm useless with spreadsheets. I did do YNAB for a while, but couldn't get it right. I find it much easier to tilly tidy my current account (and may start doing the same with the joint) but I might return to the idea of a spreadsheet in future. I'd like one that immediately tells me how much I'm saving in interest by a small overpayment. Being addicted to the MSE overpayment calculator is great, but I think it would be even more encouraging to see those very small additional payments add up! Do you know of any that would do that please or where I could look? Could get DH to help me understand it...

    Well I'm back to work today, but going to the GP first (hence the posting now). Have to admit that so far, I'm thinking that I should really stay off work as the pain is bad, but going to take some more painkillers and 'suck it up'. I can always come home if I can't cope, and the thought of trying to find time to rearrange all my work is depressing (next week is ridiculously busy as it is, and I'm losing my weekend due to treatment under sedation tomorrow that'll stop me from driving, and possibly functioning!)

    Hope everyone has a good day; hoping for a NSD apart from planned SW group fees

    Gib xx
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

    Work overpayment and home improvement loan paid back (£19200)


    • Dolly Rocker
    • By Dolly Rocker 13th Oct 16, 9:35 AM
    • 2,657 Posts
    • 7,060 Thanks
    Dolly Rocker
    Very true gib, I have everything all set out for the next 5 years so far, driving my poor DH insane with it I think but we are only going to benefit from this so he will be happy about it in the long run.

    Aw hope you feel better with the painkillers, know what you mean about work being busy!

    Dxxx
    Debt Free by Xmas 2017 6,186.67/14,523.76
    Saving for Xmas 2017 0/365
    Goal Weight by August 2017 27lbs/84lbs
    Mortgage Savings 2020 0/25,000
    • giblet1979
    • By giblet1979 13th Oct 16, 11:22 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    Thanks dolly; I'm sure your DH will be delighted when you're rolling in the money having beaten the banks and become debt and mortgage free so your income is all yours to do with what you please....
    It's a lovely thought!
    NSD apart from class fees (£9.90) so happy with that. Got through work and very glad I went in. 2/3 of a day to get through tomorrow then dental surgery (gulp..scared!)
    Hope everyone's days have gone well
    Gib xx
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

    Work overpayment and home improvement loan paid back (£19200)


    • A Frayed Knot
    • By A Frayed Knot 14th Oct 16, 8:20 AM
    • 1,742 Posts
    • 7,993 Thanks
    A Frayed Knot
    AFK, I'm useless with spreadsheets. I did do YNAB for a while, but couldn't get it right. I find it much easier to tilly tidy my current account (and may start doing the same with the joint) but I might return to the idea of a spreadsheet in future. I'd like one that immediately tells me how much I'm saving in interest by a small overpayment. Being addicted to the MSE overpayment calculator is great, but I think it would be even more encouraging to see those very small additional payments add up! Do you know of any that would do that please or where I could look? Could get DH to help me understand it...
    Originally posted by giblet1979

    Well I'm the same so I just make up a column with mortgage figure on it then in another put my o/p in it, then subtract that from my mortgage figure giving me my nice xx,x00.00 mortgage figure, that's the up to date one


    Hope surgery is OK, I always find the thought is worse than the actual procedure itself, and your having it done at exactly the right time, at the end of the day and then the weekend to follow. Remember I had chronic toothache pain at night, climbing the walls, etc, etc, Rummaging the cupboards for that miniature whisky that we got years ago as a favour at a wedding (knew it would come in handy, sometime ) it was either that or jump out the window never had pain like it and hope I don't again.


    Oh, here's the calculator I got from Sue (Spreadsheet Diva ), love it, hope you find it's what yo are looking for. Get calculating, girl


    http://whatsthecost.com/snowball.aspx
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • giblet1979
    • By giblet1979 14th Oct 16, 2:27 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    Thank you so much AFK. Just waiting for my husband to get back and take me as my chaperone. Nervous!!!!!
    My lovely daddy is taking my car to the garage at the same time to assess the cost. I think it's just a suspension bush clanking but may he a chunk out of my additional jobs wages, also known as the overpayments!
    Will check in later if compus mentus. If I'm not and post, apologies in advance for any inappropriate comments x
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

    Work overpayment and home improvement loan paid back (£19200)


    • try harder
    • By try harder 14th Oct 16, 3:01 PM
    • 179 Posts
    • 456 Thanks
    try harder
    Just finished reading your diary giblet ,well done on becoming debt free too ,i am thinking about you and hoping all went very very smoothly.
    • giblet1979
    • By giblet1979 15th Oct 16, 8:32 AM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    Thank you so much try harder, that's very kind.

    Unfortunately I ended up in A and E but am home now and all seems well. Soup and a day in bed on the menu today

    Also no work planned (hurrah) but may chase up a few bits later that I know will generate enough for some small overpayments. Going to have to be creative after a £683 dental bill (budgeted £700 so £17 heading to the mortgage later)

    Gib x
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

    Work overpayment and home improvement loan paid back (£19200)


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