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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,241Posts
    • 13,400Thanks
    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 5.6.17 - £123,900
    Aiming to be MF 1.10.2020
Page 31
    • atypicalblonde
    • By atypicalblonde 14th Jul 17, 5:08 PM
    • 2,241 Posts
    • 13,400 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 5.6.17 - £123,900
    Aiming to be MF 1.10.2020
    • CathT
    • By CathT 15th Jul 17, 10:42 AM
    • 5,203 Posts
    • 35,716 Thanks
    CathT
    Great savings amount, must feel great to see that mortgage balance coming down so fast.
    July 2017 -
    part 1 - £80,702
    part 2 - £46,583
    Total - £127,285
    • Jessy103
    • By Jessy103 16th Jul 17, 3:03 PM
    • 342 Posts
    • 1,383 Thanks
    Jessy103
    Great news ATB, well done!!! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount April 2017 - £64,990.00
    Overpayment Target for 2017 - £5,000 /£3,246.76
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £849.96
    • Needhelpsaving
    • By Needhelpsaving 16th Jul 17, 5:08 PM
    • 563 Posts
    • 2,471 Thanks
    Needhelpsaving
    That's great news ATB, you are flying to mortgage freedom.

    How is the matched betting going?
    Target 1 - Emergency Fund Currently £228.03/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £1961.43/£4000
    • shangaijimmy
    • By shangaijimmy 17th Jul 17, 7:44 AM
    • 2,009 Posts
    • 8,583 Thanks
    shangaijimmy
    Great progress as ever in here...
    MFW: Turning June 2036 into March 2023...
    28//120 Payments Challenge, Diary Reduction £29,621.76
    Aug 2009: £163,051 // Current: £106,378.27 // Avg Daily Interest £4.78
    MFiT-T4 #8 - 42.45% of £41,000
    • atypicalblonde
    • By atypicalblonde 20th Jul 17, 4:22 PM
    • 2,241 Posts
    • 13,400 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 5.6.17 - £123,900
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 23rd Jul 17, 11:21 AM
    • 2,241 Posts
    • 13,400 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 5.6.17 - £123,900
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 23rd Jul 17, 1:18 PM
    • 2,241 Posts
    • 13,400 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 5.6.17 - £123,900
    Aiming to be MF 1.10.2020
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