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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 4
    • mrsp1987
    • By mrsp1987 15th Oct 16, 9:21 AM
    • 781 Posts
    • 3,760 Thanks
    mrsp1987
    A&E? Was that before or during the procedure?? Hope you really are okay! You take it easy this weekend x
    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
    • try harder
    • By try harder 15th Oct 16, 9:30 AM
    • 180 Posts
    • 460 Thanks
    try harder
    Oh no ,how scary for you ,yes take it easy this weekend and plenty of rest
    • giblet1979
    • By giblet1979 15th Oct 16, 12:32 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    It was after the procedure. Started with chest pain about 15 mins after getting home and 111 insisted on an ambulance. Excellent all round I have to say (NHS staff rule).
    Thanks both. Just got a letter saying we've shaved another 2mths off the mortgage. Love my OP letters which they insist on sending when you OP by £500 and they reduce the term x
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

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


    • giblet1979
    • By giblet1979 15th Oct 16, 1:01 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    Signature updated to reflect the same! So exciting My DH has gone out to buy a new laptop (planned expense, and what I categorise as an 'essential treat' as we spend so much time at home and using our comps). He rang me to check the one he was getting was okay (so cute) and before he went we were scheming and planning to get this mortgage paid down as quickly as possible, including trying to raise the funds to pay off the maximum allowed in this first 12mths (£13,600 which is 10% of the original loan). One option is to use savings which we've put aside to replace my car when it finally gives up (needed for work) and hope that I can build up enough again before it dies! I also suggested something that I've been thinking about for some time, but won't go into yet as I need to have a further think, and speak to someone else that it involves, but needless to say, we're thinking longer term past this mortgage to saving for our retirement. If we can pay off in 10 years (ideally 7) and all stays well with our health, we'll be doing very well
    Gib xx
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

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


    • lulabelle
    • By lulabelle 16th Oct 16, 3:53 PM
    • 821 Posts
    • 2,089 Thanks
    lulabelle
    Hey Giblet! Great to see you back! Not had time to catch up on all of your diaries yet but just wanted to pop in to say hi! x
    I want to be a writer
    • Katzen
    • By Katzen 16th Oct 16, 6:28 PM
    • 502 Posts
    • 1,611 Thanks
    Katzen
    Hi, just got myself caught up on your diary, mind if I join? I love how committed you are to OP'ing! Made me think I need to get back on top of my mortgage and see where we are currently. My DH is less keen on the constant money chat but I know I could make some changes and chuck a bit more at it without him noticing!! I hope your tooth is on now and your babies are well
    • newgirly
    • By newgirly 16th Oct 16, 7:05 PM
    • 5,223 Posts
    • 35,944 Thanks
    newgirly
    Hi giblet, I hope you are feeling a bit better - A and E sounds scary!
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • debtfreeoneday
    • By debtfreeoneday 17th Oct 16, 7:32 PM
    • 2,386 Posts
    • 7,912 Thanks
    debtfreeoneday
    Just popping in to say hello back and will subscribe as well. Hope you are OK after your surgery - I am such a wuss with dental stuff and get knocked out for everything.. I feel for you x
    DFW (08/08) £64,346.53
    CC1 - £1111.99 ~~~ CC2 - £975.00
    MFW (01/15) £118,031.21 £102,178.42
    • mrsp1987
    • By mrsp1987 17th Oct 16, 8:35 PM
    • 781 Posts
    • 3,760 Thanks
    mrsp1987
    How are you feeling giblet?
    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 17th Oct 16, 10:21 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    Hey all,

    Hope everyone is well?

    Lula! Lovely to hear from you! How's things? Good I hope

    Katzen you are more than welcome and thanks for stopping by and your nice thoughts. I find the mortgage OP calculator, and talk of how many things can be done with all the years of income after mortgage payments was a great motivator for OH. To be fair, neither of us realised what can be achieved with just a bit more each month (well as much as we can squeeze out of the budget!) Do you have a diary I can read?

    Newgirly - thanks I'm not too bad. A and E was fine really; they were nice, and I was already over the worst by the time I got there

    Dfod thanks - being knocked out (without the trip to hospital) is definitely the way to go sadly I've at least 2 more sessions hinted at; will know more after Friday....

    mrsp - I'm doing okay thanks; a bit tired today as it was a 14hr day, but came home to a lovely tea made by my amazing OH so can't complain really Hope you're well? x
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

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


    • giblet1979
    • By giblet1979 17th Oct 16, 10:27 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    Time for a bit of a money update. DH spent £200 less on his laptop after the first one was out of stock, so he looked in Tesco instead. The amazing man that he is came straight back home, and we OP'd the £200 to the mortgage. I'm a lucky girl!

    I've also made a little OP tonight; I had to drive 80 miles between jobs at about 5pm, and hadn't managed to eat all day from leaving the house at 7am (I know; naughty). I popped into McDonalds (for the loo) but was intending to get a happy meal and a coffee for the onward journey. Instead my willpower was like iron, and I walked out and carried on to work

    ....okay the queue was really long and I couldn't be bothered waiting but that still counts right????.......

    I intended to make a £2.50 OP but it ended up being £10 to keep the account tidy.....all good

    Should be a low spend day tomorrow (not NSD as going to a concert so petrol, parking and a soft drink/coffee will be allowed).

    Hope MSE'ing is going well for everyone?

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

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


    • Katzen
    • By Katzen 18th Oct 16, 7:14 AM
    • 502 Posts
    • 1,611 Thanks
    Katzen
    Hi gib, glad you're feeling better. Well done on the willpower, thank goodness for long queues, I too find them a huge deterrent when it comes to spending money . I do have a diary but it's had a 3year gap In posting but I'd welcome a bit of company. I'll see if I can work out how to post you a link. Have a good day!
    • Katzen
    • By Katzen 18th Oct 16, 7:15 AM
    • 502 Posts
    • 1,611 Thanks
    Katzen
    http://forums.moneysavingexpert.com/showthread.php?t=4670083

    Think this is it. You'd be most welcome
    • Dolly Rocker
    • By Dolly Rocker 18th Oct 16, 10:51 AM
    • 2,657 Posts
    • 7,060 Thanks
    Dolly Rocker
    Yeah he sure will be, that's what I am trying to focus on now is the changes we will need to make later in life if we keep going the way we are at the minute.

    I want to be able to enjoy our wee OAP years not have to be worrying about money & that's why we need to change while we are still young enough.

    A&E - hope you are okay my sweet!

    I would also love receiving those letters, such a good wee motivator.

    That's great your DH got such a good deal on the laptop & a 200.00 OP is brilliant

    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 21st Oct 16, 12:33 PM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    Hi all...just a quick update. What a ridiculously busy week! Lots and lots of work when possible including multiple jobs on more than one day, commitments to meet with friends and my slimming club (nice but bed was calling) and quite spendy on some necessary things and some silly impulsive purchases to save time (Te$co). Wish it was the end of my working week but 1.5 days to go yet. Looking forward to getting chance to catch up with diaries, and roll on payday next week as OP's are limited this week (boo)
    Gib x
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

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


    • giblet1979
    • By giblet1979 23rd Oct 16, 6:52 AM
    • 846 Posts
    • 3,398 Thanks
    giblet1979
    Grr....Can't sleep! The cats are happy to have mummy awake, but mummy would like to be snoring at 6am on her only day off lol

    Had a nice afternoon with a friend yesterday (£13 spent including £4 essential medication). Planning to do as little as possible this morning then go and make dinner for the parents followed by tea out.

    Happy Sunday all x
    Debt remaining:
    Mortgage - £122,780 (of £134,600)

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


    • Katzen
    • By Katzen 23rd Oct 16, 7:43 AM
    • 502 Posts
    • 1,611 Thanks
    Katzen
    Booooo to being awake early! I feel your pain, the toddler sleeps fitfully from about 4am so on a good day, I do the same but on a bad day I can't get back to sleep-yawn!!

    Going anywhere nice for tea? Enjoy your day
    • debtfreeoneday
    • By debtfreeoneday 23rd Oct 16, 7:54 AM
    • 2,386 Posts
    • 7,912 Thanks
    debtfreeoneday
    Another 5am awakening here and instead of snoozing on my lie in day, I'm messing about on the laptop. Great news re the laptop saving
    DFW (08/08) £64,346.53
    CC1 - £1111.99 ~~~ CC2 - £975.00
    MFW (01/15) £118,031.21 £102,178.42
    • Moneyfordreams
    • By Moneyfordreams 23rd Oct 16, 9:04 AM
    • 648 Posts
    • 3,060 Thanks
    Moneyfordreams
    Happy Sunday to you too
    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 £168060
    Car loan finished oct 16
    h@lifax CC £5360 0% until May 2018.. will pay minimum for now, slow stooze
    • Dolly Rocker
    • By Dolly Rocker 23rd Oct 16, 9:07 AM
    • 2,657 Posts
    • 7,060 Thanks
    Dolly Rocker
    I was also up early this morning but I am in work.

    Would love to be curled up in bed snoozing right now - yawn!

    Have a nice Sunday.

    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
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