Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,518Posts
    • 15,986Thanks
    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 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
Page 31
    • atypicalblonde
    • By atypicalblonde 14th Jul 17, 5:08 PM
    • 2,518 Posts
    • 15,986 Thanks
    atypicalblonde
    We are at £4k in savings

    My target was £6.5k by end of July, we may achieve this but it is more likely to be £6k. DH is upgrading his phone so iphone 7 plus, so I need to see what the standard iPhone 7 is going for on ebay, will research tonight.

    Aiming for a low spend weekend, we have loads of food in so nothing to spend there.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • CathT
    • By CathT 15th Jul 17, 10:42 AM
    • 5,359 Posts
    • 36,794 Thanks
    CathT
    Great savings amount, must feel great to see that mortgage balance coming down so fast.
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • Jessy103
    • By Jessy103 16th Jul 17, 3:03 PM
    • 467 Posts
    • 1,973 Thanks
    Jessy103
    Great news ATB, well done!!! 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
    • Needhelpsaving
    • By Needhelpsaving 16th Jul 17, 5:08 PM
    • 615 Posts
    • 2,604 Thanks
    Needhelpsaving
    That's great news ATB, you are flying to mortgage freedom.

    How is the matched betting going?
    Target 1 - Emergency Fund Currently £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • shangaijimmy
    • By shangaijimmy 17th Jul 17, 7:44 AM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    Great progress as ever in here...
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • atypicalblonde
    • By atypicalblonde 20th Jul 17, 4:22 PM
    • 2,518 Posts
    • 15,986 Thanks
    atypicalblonde
    So we are at £4,150 in savings. There doesn't seem to have been much spare in the household budget recently - must look at this again properly soon to see where we can plug the gaps.

    DH is working super hard but for once we can actually reap some rewards which is always lovely. He should be able to withdraw enough at month end to get us to £6k.

    Kiddies break up tomorrow for the 6 week holidays so we will be getting creative with ideas for days out! Lots of trips to the park on the bus I think, as well picnics in the garden.

    I am itching to get to five figures in savings. Life has been so hectic lately I have lost my way a bit with money saving. This won't do, and is something I am going to address over the next few weeks.

    Making a start by allocating a pile of items to ebay
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 23rd Jul 17, 11:21 AM
    • 2,518 Posts
    • 15,986 Thanks
    atypicalblonde
    The 6 week holidays have commenced - I don't know whether to be or about that

    Savings today are at £4,320. I won't be able to shuffle anymore housekeeping money into the pot, as all our bills go out next week (1st) and I don't have any work on this week as no childcare.

    DH's business finances are all up to date and looking fairly healthy for a £1,500 drawing at month end. So I need to make £180 extra to get to £6k by end of July (totally deliberately ignoring the fact that my target was £6.5k ). Best go photograph that ebay pile.....
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 23rd Jul 17, 1:18 PM
    • 2,518 Posts
    • 15,986 Thanks
    atypicalblonde
    Off the starting blocks - old mobile phone sold online to MM. All being well that will pay out £54.10. So a trip to the Post Office is on the cards for tomorrow morning to get that sent off
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 27th Jul 17, 5:52 PM
    • 2,518 Posts
    • 15,986 Thanks
    atypicalblonde
    MM have confirmed they have received my phone so the money should be in my account on Monday

    Waiting on email confirmation re. one of DH's customers that we will receive payment on Monday for a piece of work he did, if so we can add £1500 to the savings pot which should just get us to £6k by month end

    I never did list anything on ebay
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 29th Jul 17, 7:56 AM
    • 2,518 Posts
    • 15,986 Thanks
    atypicalblonde
    Morning all,

    Not too much to report other than roll on Monday when we can stash some more money into savings! Likely to be a No Spend weekend which is always good.

    Have a good one folks xx
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • shangaijimmy
    • By shangaijimmy 29th Jul 17, 8:45 AM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    Ebay still torments me, well the bag of clothes in the loving room glaring at me!! Determined to get 10 things listed tomorrow!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • atypicalblonde
    • By atypicalblonde 30th Jul 17, 9:01 AM
    • 2,518 Posts
    • 15,986 Thanks
    atypicalblonde
    Today is an indoor day as its throwing it down. Kiddies are already driving each other bonkers, will set them up with a game shortly.

    Decided today i MUST address DH business expenses - a lot of insurances due for renewal, need to speak to broker to get best possible deal. As his drawings from business form the bulk of our OPs keeping costs low is crucial.

    Listed one thing on ebay yesterday - will do some more today.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 30th Jul 17, 11:58 AM
    • 2,518 Posts
    • 15,986 Thanks
    atypicalblonde
    Done loads of housework this morning as well as some work for DH business. Emails sent. re renewing liability insurance (will pay in full this year rather than DD) and also to accountant.

    Had a vague recollection from last years accounts that the Revenue would need to repay some money to us, found the emails and turns out my memory serves me well. He had such a bad year last year with non-payment issues we were permanently overdrawn so if we have any tax at all to pay I will be mightily perplexed. Accountant generally ok but I did challenge him on something last year and turns out I was right (and I am no way au fait with accountancy based stuff). Will pore over accounts this year to make sure no similar errors.

    Also just paid nearly £1k to HMRC for PAYE/NI. Humph. DH business is tiny, but he gets no tax breaks at all and if it weren't for the fact that we are super strict and super organised we could easily have gone under many times. Mr Taxman takes so much from us, it makes me laugh when the Chancellor talks about "helping" small businesses..
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • penny*pincher
    • By penny*pincher 30th Jul 17, 12:48 PM
    • 43 Posts
    • 140 Thanks
    penny*pincher
    Hi ATB!

    I have been reading through your diary - looks like you are doing great!! - I have subscribed to follow your progress and keep motivated with my savings!!

    Help to Buy ISA: July 2017 £1200.00, August 2017 £1400.00, September 2017 £1604.01
    Savings: July 2017 £13,312.56, August 2017 £14,312.56, September 2017 £17,513.71
    - And so you all know - I absolutely LOVE Christmas!!
    • atypicalblonde
    • By atypicalblonde 30th Jul 17, 7:29 PM
    • 2,518 Posts
    • 15,986 Thanks
    atypicalblonde
    Thanks PP and welcome.

    Impatient for it to be tomorrow so we can do a money shuffle
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • shangaijimmy
    • By shangaijimmy 30th Jul 17, 8:49 PM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    I'm impatient tomorrow to sort out and post July accounts, especially as i know its been a good OPing month. Impatience is definitely a sign of a fully committed MFW!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • FloppyDisk
    • By FloppyDisk 30th Jul 17, 9:15 PM
    • 493 Posts
    • 3,684 Thanks
    FloppyDisk
    I have found myself wishing away some months to get to pay day quicker, how exciting am I... would rather be less committed some times.
    July 2012 £139,642 / Nov 2017 £111,504
    EF - £11,504/£25,000
    • atypicalblonde
    • By atypicalblonde 31st Jul 17, 9:59 PM
    • 2,518 Posts
    • 15,986 Thanks
    atypicalblonde
    Money didn't show for DH business and Music magpie, chasers sent on both don't these people realise I have savings targets!

    The one (and only ) item I listed on eBay was a buy it now and it sold for £10 straight away so will shuffle that over. This week is going to be fairly spendy as DH off work so we have planned a few days out. Given that we're not going abroad this year and the rest of our summer hols activities are cheap/free I won't get too bothered by some spending. It's also DDs 5th birthday this week she's having riding lessons as a present, she will get enough 'stuff' from all the relatives!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • greent
    • By greent 2nd Aug 17, 2:00 PM
    • 6,437 Posts
    • 64,952 Thanks
    greent
    Hi atb - just caught up on all your diary (just this one) - such fab progress! Will continue to follow you
    xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £5034/£3286
    Net sales 2017 £1226.02/£500 PAYDOX17 £11937/£10k Decluttered 1760/2017 items
    • atypicalblonde
    • By atypicalblonde 3rd Aug 17, 5:34 PM
    • 2,518 Posts
    • 15,986 Thanks
    atypicalblonde
    Hi atb - just caught up on all your diary (just this one) - such fab progress! Will continue to follow you
    xx
    Originally posted by greent
    Thanks Hun

    Well I am sat typing this in the hairdressers so not exactly the most MFW post! I've had my hair lightened again (think Daenerys from GoT) and I blimmin love it. It's been an age since I've had the time and inclination to spend more time on my appearance (two kids in two years put paid to much grooming!) so in my mind it's money well
    Spent.

    Still no money from DH customer, have been assured it will be tomorrow so here's hoping, then I can update properly xx
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

315Posts Today

3,912Users online

Martin's Twitter