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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,412Posts
    • 15,001Thanks
    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 29
    • themadvix
    • By themadvix 5th Jun 17, 11:40 AM
    • 1,060 Posts
    • 6,025 Thanks
    themadvix
    That's an impressive plan ATB, but knowing you, you'll smash 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 6th Jun 17, 10:51 AM
    • 2,412 Posts
    • 15,001 Thanks
    atypicalblonde
    Totally lazy day here. It's freezing and wet, so the heating is on, I've a hot cup of tea and I'm watching a film. After the past couple of weeks I am enjoying the 'me' time. Today will be a NSD, working for the rest of the week after today including the weekend which will bolster the savings pot by a nice amount.

    Will also shuffle £40 of housekeeping money into savings pot tomorrow.

    Mini plan - savings pot at £3.5k by end of June.

    All in all, feeling happy with things.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • Needhelpsaving
    • By Needhelpsaving 6th Jun 17, 11:42 AM
    • 603 Posts
    • 2,583 Thanks
    Needhelpsaving
    Your doing great ATB! Your mortgage will be gone in no time at all
    Target 1 - Emergency Fund Currently £1000/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3050.32/£4000
    • atypicalblonde
    • By atypicalblonde 6th Jun 17, 11:57 AM
    • 2,412 Posts
    • 15,001 Thanks
    atypicalblonde
    Your doing great ATB! Your mortgage will be gone in no time at all
    Originally posted by Needhelpsaving
    Thank you

    I do need milk but have enough change lying around to buy a 2 pinter. Lunch is a random concoction from the fridge, and I'm putting a beef stew in the slow cooker later. Operation freezer use up is underway and should save us around £30 over the next week 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 6th Jun 17, 3:35 PM
    • 2,412 Posts
    • 15,001 Thanks
    atypicalblonde
    I totally forgot to buy milk so we will be having cereal with slightly watered down milk in the morning using up the bit that is left! I will have to replace my evening cuppa with a glass of wine instead

    At least my NSD is still intact!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • PrincessLou
    • By PrincessLou 6th Jun 17, 4:30 PM
    • 500 Posts
    • 1,913 Thanks
    PrincessLou
    I'm on operation freezer/fridge/cupboard use-up for another two weeks! Gah...I don't think I'm going to make it but I know it is for the good of the OP pot so we must keep plodding on

    Keep it up, ATB, you're doing amazingly well!
    Mortgage - £105,500
    • atypicalblonde
    • By atypicalblonde 6th Jun 17, 4:42 PM
    • 2,412 Posts
    • 15,001 Thanks
    atypicalblonde
    I'm on operation freezer/fridge/cupboard use-up for another two weeks! Gah...I don't think I'm going to make it but I know it is for the good of the OP pot so we must keep plodding on

    Keep it up, ATB, you're doing amazingly well!
    Originally posted by PrincessLou
    Thanks hun You totally CAN do it, have you meal planned for two weeks? x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • PrincessLou
    • By PrincessLou 6th Jun 17, 10:19 PM
    • 500 Posts
    • 1,913 Thanks
    PrincessLou
    I have meal planned up until Monday and then I will take stock of the situation. This week looks fairly good meals-wise bur next week might see us eating ice lolly sandwiches or something equally ridiculous
    Mortgage - £105,500
    • atypicalblonde
    • By atypicalblonde 7th Jun 17, 7:43 AM
    • 2,412 Posts
    • 15,001 Thanks
    atypicalblonde
    I have meal planned up until Monday and then I will take stock of the situation. This week looks fairly good meals-wise bur next week might see us eating ice lolly sandwiches or something equally ridiculous
    Originally posted by PrincessLou
    At least you have bread to make sandwiches we only have tortillas so everything is being offered with a wrap

    Working this morning then really will remember to buy milk MiL's for lunch, she always makes a good salad so I am looking forward to it.

    Apart from milk, no money will leave my purse
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • Moominmamma89
    • By Moominmamma89 7th Jun 17, 11:09 AM
    • 199 Posts
    • 337 Thanks
    Moominmamma89
    You are doing really well ATB - I'm sure you'll hit your June savings target no problem.

    I am trying to run down my freezer this month to - it does have a load of meals in it from when I did a day of cooking the problem is I look at what I cooked and don't fancy any of it .
    Outstanding Mortgage - 139,880.15 (73% LTV)
    Current end date: January 2041 (originally August 2044)
    • atypicalblonde
    • By atypicalblonde 8th Jun 17, 4:43 PM
    • 2,412 Posts
    • 15,001 Thanks
    atypicalblonde
    Moomin - I'll happily trade you - how about two packs of tortillas in exchange for one of your lovely homemade dinners

    The kids are happily eating some cod, carrots, sweetcorn and (from the freezer) Yorkshire puddings. Ice cream for afters!

    Spent £15 on fuel today. I need to buy some soured cream tomorrow but that's it. Planning to shuffle £150 from housekeeping pot into savings pot tomorrow

    Edited to add - I've just realised how close to the teens we are
    Last edited by atypicalblonde; 08-06-2017 at 5:20 PM.
    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 Jun 17, 7:50 AM
    • 2,412 Posts
    • 15,001 Thanks
    atypicalblonde
    Really quick one from me. £150 shuffled into the savings pot, I am working all day today which will add some too

    DH has asked for a cheeky takeaway curry tonight, and even better he is paying out of his business for it so happy days! So today will technically be a NSD

    Must dash and get ready for work, have good MFW days all 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 12th Jun 17, 6:31 AM
    • 2,412 Posts
    • 15,001 Thanks
    atypicalblonde
    Morning all,

    Just shuffled £90 into savings pot. Have some cash to pay into the bank today which will then be shuffled across too. An eBay item sold for £8 so will transfer that also.

    DH is exhausted. I am insisting he goes for a massage as he is so so achey. I keep reminding him this isn't forever, one day in the not too distant future he can run his business from the sidelines but have lads working for him to take the physical strain.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 13th Jun 17, 9:47 AM
    • 2,412 Posts
    • 15,001 Thanks
    atypicalblonde
    Morning all

    I have a tummy bug so today is a write off. DH at work, kids at school and Pre-school.

    Just re-listed an item on eBay and worked out we should have £4K in the pot by month end.

    Savings aims (running total)

    June - £4K
    July - £6.5k
    August - £9k
    September - £12k
    October - £15.5k
    November - £18.5k
    December - £20k

    Good to have it all written down so I can check back against this
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • Jessy103
    • By Jessy103 13th Jun 17, 10:28 AM
    • 454 Posts
    • 1,899 Thanks
    Jessy103
    Hope you feel better soon and make sure you keep hydrated! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount Oct 2017 - £61,990.00
    Overpayment Target for 2017 - £5,000 /£4,060.70
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £849.96 August - £255.11 September - £177.22 October - £381.61
    • themadvix
    • By themadvix 14th Jun 17, 12:58 PM
    • 1,060 Posts
    • 6,025 Thanks
    themadvix
    Hope you're feeling better today!
    Great targets for the next few months
    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
    • A Frayed Knot
    • By A Frayed Knot 14th Jun 17, 7:49 PM
    • 2,127 Posts
    • 9,569 Thanks
    A Frayed Knot
    Apart from milk, no money will leave my purse

    You have milk in your purse
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • EatingTheElephant
    • By EatingTheElephant 15th Jun 17, 7:08 AM
    • 1,128 Posts
    • 6,066 Thanks
    EatingTheElephant
    Hope you feel better soon ATB.
    • atypicalblonde
    • By atypicalblonde 15th Jun 17, 9:37 AM
    • 2,412 Posts
    • 15,001 Thanks
    atypicalblonde
    Apart from milk, no money will leave my purse

    You have milk in your purse
    Originally posted by A Frayed Knot
    Don't we all

    Morning All,

    Feeling much better thanks

    Ebay item so on BiN straight away so £34 shuffled to the pot. Our bank account is looking a little sad at the moment, need to ascertain where our money has been going this past week.

    DH has a bit of an issue with work - a potential non-payer. This happened last year, and nearly b*******ed us up completely. I am hoping it gets resolved ASAP, not only do we need the money but the additional stress is just hideous. He is exhausted enough without that.

    If it gets sorted, he will take £2k out of the company at month end. If not, I may leave the money where it is for now....

    This just galvanises me to pay the mortgage off even faster so he can drop the stress like a hot potato....
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • themadvix
    • By themadvix 15th Jun 17, 3:55 PM
    • 1,060 Posts
    • 6,025 Thanks
    themadvix
    Glad you're feeling better and I hope the client pays up!
    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
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