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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,368Posts
    • 14,603Thanks
    atypicalblonde
    ATB - mortgage freedom by 2020!
    • #1
    • 28th Sep 16, 2:14 PM
    ATB - mortgage freedom by 2020! 28th Sep 16 at 2:14 PM
    Good Afternoon All

    So much has changed since my last diary, I felt now was the right time to start a new one. Linkie to the old one is here http://forums.moneysavingexpert.com/showthread.php?t=5171678 if anyone wants a look-see!

    A little about me for those who haven't 'met' me before. I am married to a fabulous DH, who runs his own business. There are major peaks and troughs to that, some months we are brassic and others we feel quite flush. It is a precarious balance at times, and we have to deal with constant late payers, tax bills etc, but on the whole it is worth it. DH job is very physically demanding though, and he works away all week.

    We have two kiddies - DD is 4 and DS is 2. They are my world

    Our outstanding mortgage as at today's date is bang on £141,900. When I began my old diary at the start of last year it was £171k, so we have done pretty well thusfar However, my income is greatly reduced now as I no longer work - I am officially a home-maker, and that is how it will stay for the foreseeable.

    To clear our mortgage before we are 40 (i.e. 9 years time) is the grand plan. I would ideally like to do it in half that time, but 9 years is do-able and requires monthly OPs of £750.

    I now have a spreadsheet (thank you hiddenshadow) and an obsession with only having 000 at the end of the mortgage (thank you A Frayed Knot!), and most importantly a frugal mind-set. We need to make each penny do the work of 3, whilst remembering to have some fun on the way.

    The first target is to get into the 30s by Christmas... wish me luck, come along for the ride (but make sure you bring tea and biccies!)

    ATB xx
    Last edited by atypicalblonde; 26-05-2017 at 6:50 AM.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
Page 22
    • chelseablue
    • By chelseablue 8th Mar 17, 11:34 AM
    • 2,198 Posts
    • 2,698 Thanks
    chelseablue
    What a lovely idea, I'm planning a celebration when I get to under £200,000.

    Only another 24 grand to go
    Mortgage starting balance 26.02.16 £231,294
    Mortgage after Year 1 £225,078
    • atypicalblonde
    • By atypicalblonde 8th Mar 17, 11:46 AM
    • 2,368 Posts
    • 14,603 Thanks
    atypicalblonde
    DH has just called to say he has been offered weekend work for this weekend, which is a bit rubbish however he charges out at twice his normal rate for weekend work so in 30 days when he gets paid for it I'll be very much like

    Time to raid the fridge for an early lunch I think x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 8th Mar 17, 5:27 PM
    • 2,368 Posts
    • 14,603 Thanks
    atypicalblonde
    Such a fab afternoon.

    Call from the library to say my book had arrived
    Got DD and DS twenty (!) items of clothing (all Next and Monsoon) for £2 from a jumble sale at the local church
    Marvellous parents' evening for DD
    It's been SUNNY

    Fantastic. Simple things xx
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 9th Mar 17, 12:05 PM
    • 2,368 Posts
    • 14,603 Thanks
    atypicalblonde
    Good afternoon all (just!)

    My bargainous clothes buys from yesterday have been laundered and are flapping around happily on the washing line

    I have ransacked all of our wardrobes and listed ten things on fleabay. No clue if they will sell but it only took me half an hour to list them so no great shakes if not.

    Meat is out defrosting for dinner - we are having surf n turf

    No money spent, no pennies to tidy away to the mortgage, thank goodness it's payday tomorrow xx
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 9th Mar 17, 12:36 PM
    • 2,368 Posts
    • 14,603 Thanks
    atypicalblonde
    First item sold for £18 buy it now
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 9th Mar 17, 3:48 PM
    • 2,368 Posts
    • 14,603 Thanks
    atypicalblonde
    I found 5p on the walk to school. Guess where that's gone
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 10th Mar 17, 6:56 AM
    • 2,368 Posts
    • 14,603 Thanks
    atypicalblonde
    Morning all

    I am pleased to report we have enough in the bank to make an OP to take us into the 20s However, the cash is going to stay where it is for now as there are a couple of upcoming spends on my mind namely:

    1. A night away next week, which has been booked for ages. All paid for already save for drinks. £30 budgeted for the drinks
    2. DS last Pre- school bill has arrived, and as it's a 5 week month, it's a biggie. However, it's his last one and from next month he gets his 15 free hours so I really can't grumble.

    I realise I had set myself an arbitrary deadline which is no good - this journey still does need to be lived, after all. We will leave March in the 20s, which will be , and well on track to pay of the remaining £5,500 of our 10% OP cap by the end of June as originally planned.

    I did sell an eBay item overnight, so £20 in the pot.

    Happy Friday, folks xx
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • chelseablue
    • By chelseablue 10th Mar 17, 8:40 AM
    • 2,198 Posts
    • 2,698 Thanks
    chelseablue
    Bet you cant wait for the 20's!


    Out of interest what do you do when you've reached the 10% OP cap? Do you just save the overpayments in a savings account ready for next year?
    Mortgage starting balance 26.02.16 £231,294
    Mortgage after Year 1 £225,078
    • hiddenshadow
    • By hiddenshadow 10th Mar 17, 9:23 AM
    • 2,222 Posts
    • 10,044 Thanks
    hiddenshadow
    Well done on reaching the 20s spreadsheet-wise.

    Hope you enjoy the night out next week. As you say, we do still need to live life in the meantime on this journey.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Sept '17 ££107,383
    Payment 44/84 / 2017 MFW #56: £12,285/£20,000 61% / MFiT-T4 #15: £52,116/£90,000 57%
    • themadvix
    • By themadvix 10th Mar 17, 10:33 AM
    • 1,029 Posts
    • 5,430 Thanks
    themadvix
    You're there in all but actual digits on the mortgage balance - well done!

    Great eBaying continues too!

    Enjoy the night out next week - you deserve it!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • atypicalblonde
    • By atypicalblonde 10th Mar 17, 12:15 PM
    • 2,368 Posts
    • 14,603 Thanks
    atypicalblonde
    Bet you cant wait for the 20's!


    Out of interest what do you do when you've reached the 10% OP cap? Do you just save the overpayments in a savings account ready for next year?
    Originally posted by chelseablue

    Thanks for popping in everyone. Yes - this last push to be out of the 30s has been tough, coupled with a more-expensive-than-normal month as detailed above. But it is fab to know we are there now on paper at least

    Yes chelseablue, we just stash it in the First Direct everyday saver. Not the best rate out there by far, but I like seeing my current account and savings pot in one place, and it means moving money over as and when is a doddle. Savings rates is something we will be hot on once MF!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • genieuk
    • By genieuk 10th Mar 17, 2:38 PM
    • 308 Posts
    • 1,182 Thanks
    genieuk
    Well done for hitting your target.

    I op'd some more this week now into the 60's closed an Isa as it was only earning 0.05%. Stiill 3 more days for items to sell on bay.

    Baked this morning blueberry muffins followed by double choc chip, Food spend a little more this week MIL is on her way down ;( not sure what she can and can't eat this time no heads up as usual, she tends to bring her own brown bread mines not good enough lol, her peach lift tea (yuk!)

    Started making my own bread again as have lots of yeast from approved foods.

    Have a lovely weekend I have one shift to go tomorrow.
    Mortgage
    June 2011 £145,943.13
    Dec 16 £74,537; Feb
    Aug 17 £59,399.96
    • atypicalblonde
    • By atypicalblonde 11th Mar 17, 6:15 AM
    • 2,368 Posts
    • 14,603 Thanks
    atypicalblonde
    Yum to blueberry muffins genie!

    Morning all

    Another £10 eBay sale overnight, shuffled to the pot. Fingers crossed for some more sales this weekend. Any money that I do raise will be going towards a much coveted purchase of a heated clothes airer. At 6p per hour to run, it is much cheaper than the tumble drier which has been on an awful lot.

    Plan for today:
    - budget up to month end so I know exactly what we have in the bank
    - Trip to the park
    - NSD

    Happy Saturdays x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • Moominmamma89
    • By Moominmamma89 11th Mar 17, 10:16 AM
    • 189 Posts
    • 327 Thanks
    Moominmamma89
    Ooh we have a heated clothes dryer from Lakeland and I loves it (this makes me sound very boring!) only thing is I wished we had room for the three tiered one. I didn't have room in the kitchen for a tumble dryer so had to compromise but actually have been very pleased with it.
    Outstanding Mortgage - 141,617.85 (74% LTV)
    Current end date: March 2041 (originally August 2044)
    • hiddenshadow
    • By hiddenshadow 11th Mar 17, 4:29 PM
    • 2,222 Posts
    • 10,044 Thanks
    hiddenshadow
    I love our heated airer. Well worth the money.
    Last edited by hiddenshadow; 11-03-2017 at 6:07 PM.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Sept '17 ££107,383
    Payment 44/84 / 2017 MFW #56: £12,285/£20,000 61% / MFiT-T4 #15: £52,116/£90,000 57%
    • atypicalblonde
    • By atypicalblonde 13th Mar 17, 3:17 PM
    • 2,368 Posts
    • 14,603 Thanks
    atypicalblonde
    Hi all,

    Apologies for being AWOL, I have been feeling a bit under the weather and my upper body has come out in hives as a result! They are under control now but I think my body is trying to externalise some of my stress so I can't ignore it anymore.

    Much needed night away with girlfriends this week - I need to be me for 24 hours - not mummy, wife, worker etc.

    In MFW news, we are still in a good place - financials update to follow when I feel a bit more with it.

    Hope everyone is well xx
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • themadvix
    • By themadvix 14th Mar 17, 9:10 AM
    • 1,029 Posts
    • 5,430 Thanks
    themadvix
    Hives don't sound good ATB! Make sure you relax and don't get stressed - getting rid of the mortgage isn't worth making you ill (even if I know having the mortgage isn't great either!).

    Enjoy your night away and I hope you feel better soon! x
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • atypicalblonde
    • By atypicalblonde 15th Mar 17, 1:56 PM
    • 2,368 Posts
    • 14,603 Thanks
    atypicalblonde
    Afternoon all,

    The sun is shining here which is glorious for the soul. My hives have gone but the hacking cough remains. From 9am tomorrow I am officially 'off duty' from life for 24 hours - heading to a spa with some girlfriends . Very much needed.

    Financials update to come on Monday, I've sold all the remaining bits on eBay now x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • themadvix
    • By themadvix 16th Mar 17, 8:39 AM
    • 1,029 Posts
    • 5,430 Thanks
    themadvix
    Have a fab time away!!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • atypicalblonde
    • By atypicalblonde 18th Mar 17, 7:04 AM
    • 2,368 Posts
    • 14,603 Thanks
    atypicalblonde
    Morning all

    Had a lovely time away, but back to reality with a bump! Got home to find a relative has moved in with us... for two weeks ..... whilst their house is being decorated. No one thought to ask she just rocked up...

    I'm too polite to say anything so the next fortnight we will be rather overcrowded!

    Money news to follow on Monday. I have a hacking cough and quite fancy escaping to warmer climes for a week! X
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
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