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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,374Posts
    • 14,647Thanks
    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 34
    • atypicalblonde
    • By atypicalblonde 27th Aug 17, 3:53 PM
    • 2,374 Posts
    • 14,647 Thanks
    atypicalblonde
    Beyond tired today. Poor night sleep, got up at 4am to watch the boxing (treat for DH), and he's working all day so just me and kiddies.

    Done loads of laundry inc our bedding, emptied and sorted DS wardrobe, and generally cleaned round.

    So a NSD which is always good. Have pile of stuff to put on eBay but no inclination at all. Must must try harder.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 30th Aug 17, 7:23 AM
    • 2,374 Posts
    • 14,647 Thanks
    atypicalblonde
    Morning all,

    Last week of school holidays, normality returns on Monday!

    Have realised been way too hard on self during school holidays. I don't work in the hols, so earn nothing, compared to usual £500 per month (ish) which all goes into OP pot. Combine that with having to entertain two children all the time, even with doing inexpensive stuff it's still more than normal with less money!

    So won't beat self up about not meeting August target (although if tax refund had come on time would have met it).

    Target for end of September is £10k. Will make a start this morning by weighing a few bits in at local cash 4 clothes place - won't get much but better than nowt.

    Will also be able to get back into matched betting once kids back at school. Made an easy £350 in one week last time, but just cannot focus on it when kids demand my attention every 30 seconds!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • Jessy103
    • By Jessy103 30th Aug 17, 10:10 AM
    • 441 Posts
    • 1,860 Thanks
    Jessy103
    Don't dare beat yourself up, you're doing fantastic!! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount July 2017 - £62,900.00
    Overpayment Target for 2017 - £5,000 /£3,679.09
    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
    • themadvix
    • By themadvix 31st Aug 17, 8:05 AM
    • 1,030 Posts
    • 5,459 Thanks
    themadvix
    Don't beat yourself up, ATB, you set incredibly difficult targets and most of the time you manage to meet them, despite this!

    And I do find that the ability to find things to get rid of/sell comes in waves (I guess once everything's been decluttered you have to wait for the clutter to build up a bit before there's stuff that can go!) - the down times are when it's hard to find the extra pennies.

    Here's to 10K in September!
    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 3rd Sep 17, 7:47 AM
    • 2,374 Posts
    • 14,647 Thanks
    atypicalblonde
    Last day of school holidays here. Today will be spent sorting uniforms, bags, PE kits etc. Looking forward to not constantly being referee/bum wiper/nose wiper/toy tidier (well, for at least a few hours a day )

    If I get chance today I will look at our household finance spreadsheet to see where we are falling down. I think that we can save approx £500 of the household 'spare' money PCM, so that would be £2k by year end. We will see.

    Have great days 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 3rd Sep 17, 3:49 PM
    • 2,374 Posts
    • 14,647 Thanks
    atypicalblonde
    Signature updated. Sadly only amounts shaved off by regular monthly payments are reducing actual balance, but savings are growing well so in my head I am off-setting the two.

    June 2018 our deal comes to an end and we can make unlimited OPs. Already decided to stay on bank tracker (unless something drastic changes) rather than commit to another fix which caps OPs. It seems a long way away but no doubt will come round very quickly.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 4th Sep 17, 8:12 AM
    • 2,374 Posts
    • 14,647 Thanks
    atypicalblonde
    Kids back to school and pre-school
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 5th Sep 17, 8:15 AM
    • 2,374 Posts
    • 14,647 Thanks
    atypicalblonde
    It's nice to see the boards so busy, I had dropped down to page 3!

    Full of a rotten cold so once the children are dropped off it will be a day dosed up on the sofa. I will be mainly assessing our household budget, chasing some money up for DH business and fine tuning my little plan to be in five figures by the New Year. That is around £16k in 4 months, I must be mad, but we really need to go at this all guns blazing.

    NSD yesterday, and £30 shuffled into OP pot. Today will be a NSD too. Will need to ring and pay for the next block of DD swimming lessons (£75 ) tomorrow so that puts paid to a run of NSDs!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • Betterthanever
    • By Betterthanever 5th Sep 17, 8:53 AM
    • 187 Posts
    • 669 Thanks
    Betterthanever
    Hope you feel better soon! I can't wait to be in 5 figures....hoping it will be summer next year....I may organise myself a little party to celebrate!
    Former DFW Need 230. Determined to be MF.
    Current balance £116,878.11. Offset £1034.
    end date - 03/29 aiming for 10/22

    Bring it on!
    • chelseablue
    • By chelseablue 5th Sep 17, 8:57 AM
    • 2,202 Posts
    • 2,700 Thanks
    chelseablue
    I cant wait to be in 5 figure either, currently at £221,000
    Mortgage starting balance 26.02.16 £231,294
    Mortgage after Year 1 £225,078
    • Betterthanever
    • By Betterthanever 5th Sep 17, 9:06 AM
    • 187 Posts
    • 669 Thanks
    Betterthanever
    I've been there, Chelsea blue......it does get better!!
    Former DFW Need 230. Determined to be MF.
    Current balance £116,878.11. Offset £1034.
    end date - 03/29 aiming for 10/22

    Bring it on!
    • atypicalblonde
    • By atypicalblonde 5th Sep 17, 9:40 AM
    • 2,374 Posts
    • 14,647 Thanks
    atypicalblonde
    Hope you feel better soon! I can't wait to be in 5 figures....hoping it will be summer next year....I may organise myself a little party to celebrate!
    Originally posted by Betterthanever
    I'll bring the cava! ChelseaBlue - you WILL get there. Remember I was at £171k not all that long ago xx
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • Jessy103
    • By Jessy103 5th Sep 17, 10:45 AM
    • 441 Posts
    • 1,860 Thanks
    Jessy103
    Hope you feel better soon ATB! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount July 2017 - £62,900.00
    Overpayment Target for 2017 - £5,000 /£3,679.09
    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
    • atypicalblonde
    • By atypicalblonde 5th Sep 17, 11:07 AM
    • 2,374 Posts
    • 14,647 Thanks
    atypicalblonde
    I have just spent a happy half an hour looking at the figures, and we need less than I thought to get into five figures by the New Year.

    It isn't £16k, it is in fact £14,104.44. Eminently more doable in 4 month then

    I have got a separate, empty, savings account that is linked to my current account. To get us off the starting blocks I have just transferred £4.44 into that account, and amended my signature to show progress. £14k in 4 months is a tall order but we will give it our best shot!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • Jessy103
    • By Jessy103 5th Sep 17, 11:09 AM
    • 441 Posts
    • 1,860 Thanks
    Jessy103
    You can do it!!!!! You won't need it but I'll wish you good luck anyway!! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount July 2017 - £62,900.00
    Overpayment Target for 2017 - £5,000 /£3,679.09
    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
    • Betterthanever
    • By Betterthanever 5th Sep 17, 6:01 PM
    • 187 Posts
    • 669 Thanks
    Betterthanever
    See how easy it is to get rid of almost £2k debt

    The rest will be a piece of cake too!!
    Former DFW Need 230. Determined to be MF.
    Current balance £116,878.11. Offset £1034.
    end date - 03/29 aiming for 10/22

    Bring it on!
    • atypicalblonde
    • By atypicalblonde 6th Sep 17, 7:28 AM
    • 2,374 Posts
    • 14,647 Thanks
    atypicalblonde
    See how easy it is to get rid of almost £2k debt

    The rest will be a piece of cake too!!
    Originally posted by Betterthanever
    That made me , thank you for that!

    Morning All,

    Working today which means there will be some money to shuffle into the pot later. I have just paid for DD swimming lessons, but apart from those it will be a NSD. Very wet and grey here, autumn seems to have arrived.

    No other real money news to report x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 10.9.17 - £122,780
    Aiming to be MF 1.10.2020
    • Betterthanever
    • By Betterthanever 6th Sep 17, 7:42 AM
    • 187 Posts
    • 669 Thanks
    Betterthanever
    Autumnal here too. I've got a day of working away from the office so buses and trains to contend with....and a need to stay away from coffee shops at every stop!! Have a good one. Think of the ££££!!
    Former DFW Need 230. Determined to be MF.
    Current balance £116,878.11. Offset £1034.
    end date - 03/29 aiming for 10/22

    Bring it on!
    • shangaijimmy
    • By shangaijimmy 6th Sep 17, 7:47 AM
    • 2,200 Posts
    • 10,064 Thanks
    shangaijimmy
    What a great start to the New Year having a balance of £99*** will be! That's a high level of motivation!!
    MFW: Turning June 2036 into March 2023... 30//120 Payments Challenge, Diary Reduction £32,077.72
    Aug 2009: £163,051 // Current: £103,922.28 // Avg Daily Interest £4.67
    MFiT-T4 #8 - 47.86% of £41,000
    • Watty1
    • By Watty1 6th Sep 17, 9:31 AM
    • 2,791 Posts
    • 19,420 Thanks
    Watty1
    Love the challenge ... sometimes they are doable Go for it!
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £52963
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