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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,498Posts
    • 15,802Thanks
    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 35
    • atypicalblonde
    • By atypicalblonde 6th Sep 17, 2:01 PM
    • 2,498 Posts
    • 15,802 Thanks
    atypicalblonde
    Money shuffled and signature updated. Dinner out tonight with a friend but it's their treat so that will be nice. Working all day tomorrow though so must refrain from any wine
    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 10th Sep 17, 3:02 PM
    • 2,498 Posts
    • 15,802 Thanks
    atypicalblonde
    Drizzly weekend here so a lot of time has been spent indoors. On the plus side the children have played nicely, I have caught up on loads of laundry and we have had a lie in both days

    Money shuffled and signature updated. Chased accountant re. tax refund, it can take up to 30 days apparently, hopefully it will arrive before month end and we will be ever closer

    Meals planned and prepped where possible for the week ahead, and some business admin work done for DH. Off for a leisurely shower now and perhaps put my feet up x
    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 10th Sep 17, 5:45 PM
    • 2,498 Posts
    • 15,802 Thanks
    atypicalblonde
    We've lit the woodburner
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • hiddenshadow
    • By hiddenshadow 10th Sep 17, 7:37 PM
    • 2,257 Posts
    • 10,213 Thanks
    hiddenshadow
    We might light ours tonight - definitely damp and chilly!
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Nov '17 £105,759
    2017 MFW #56: £13,909/£15,000 92% / MFiT-T4 #15: £53,740/£90,000 59%
    • atypicalblonde
    • By atypicalblonde 14th Sep 17, 4:51 PM
    • 2,498 Posts
    • 15,802 Thanks
    atypicalblonde
    I'm still lurking here but not much to report. Had several things to pay out for this week so account looking a bit dire. Have one more thing to sort out then will be on straight and narrow. £10k totally unachievable by end of month but really trying not to be too hard on self.

    Had a week of feeling cross, frustrated, anxious and sad all in one go - not good and need to address.

    In the spirit of keeping things from being a total dead loss however I have done a £11 Ziffit trade and will be eating from stores all weekend so no spends planned.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • Betterthanever
    • By Betterthanever 14th Sep 17, 5:14 PM
    • 356 Posts
    • 1,484 Thanks
    Betterthanever
    How do you find ziffit? It is on my list of things to explore in the next couple of weeks.

    Current balance £115,428.65. Offset £1,775.31. £113,653.34 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22
    Money for Nothing pot = £392.99
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • atypicalblonde
    • By atypicalblonde 15th Sep 17, 8:21 AM
    • 2,498 Posts
    • 15,802 Thanks
    atypicalblonde
    How do you find ziffit? It is on my list of things to explore in the next couple of weeks.
    Originally posted by Betterthanever
    Very good, prompt payers and fair prices for the items.

    Small win this morning - gas & elec DD reduced by £15 per month. Not a huge amount (and we do pay a lot!) but it all helps. Off to work...
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • Betterthanever
    • By Betterthanever 15th Sep 17, 8:33 AM
    • 356 Posts
    • 1,484 Thanks
    Betterthanever
    Thank you - I shall move it up my "to do" list then!


    Have a good Friday!

    Current balance £115,428.65. Offset £1,775.31. £113,653.34 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22
    Money for Nothing pot = £392.99
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • themadvix
    • By themadvix 15th Sep 17, 9:42 AM
    • 1,117 Posts
    • 6,413 Thanks
    themadvix
    Don't be downhearted ATB, you're doing so well!
    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 Sep 17, 10:29 AM
    • 2,498 Posts
    • 15,802 Thanks
    atypicalblonde
    Don't be downhearted ATB, you're doing so well!
    Originally posted by themadvix
    Thanks love. Not sure where the wave of sadness has come from but must deal with it.

    If I neglect this thread things will slip so I will report at least a small win of the MFW front each day. Yesterday was Ziffit sale, today is £15 reduction in gas & elec direct debit, who knows what tomorrow's will be.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • genieuk
    • By genieuk 15th Sep 17, 2:45 PM
    • 312 Posts
    • 1,195 Thanks
    genieuk
    definitely getting colder, but really don't want to put the heating on just yet.

    Just had a mini panic attack, we are in the process of remortgaging to another lender and have only just realised I have gone over my 10% op thankfully only by £51 pound so the fee is £1+. Phew! Standing order cancelled straight away, I think with all the confusion and cancelled appointments I missed that one.

    But I don't understand what I have been told on the phone I have asked for a redemption figure and it is £1200 more than current figure on online banking why would there be such a difference interest is added monthly?
    Mortgage
    June 2011 £145,943.13
    Dec 16 £74,537; Feb
    Aug 17 £59,399.96
    • hiddenshadow
    • By hiddenshadow 15th Sep 17, 3:58 PM
    • 2,257 Posts
    • 10,213 Thanks
    hiddenshadow
    Is there an early repayment fee kicking in (accidentally or otherwise)?
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Nov '17 £105,759
    2017 MFW #56: £13,909/£15,000 92% / MFiT-T4 #15: £53,740/£90,000 59%
    • genieuk
    • By genieuk 15th Sep 17, 5:38 PM
    • 312 Posts
    • 1,195 Thanks
    genieuk
    The lady I spoke too said over £59k with erc
    then when I reiterated i wouldn't complete before 31st Oct she gave me a figure of £58,900 where as online banking currently shows £57,700, all she could tell me was interest. I maybe being thick am not sure, I assumed there would be a slight difference
    Mortgage
    June 2011 £145,943.13
    Dec 16 £74,537; Feb
    Aug 17 £59,399.96
    • atypicalblonde
    • By atypicalblonde 18th Sep 17, 4:40 PM
    • 2,498 Posts
    • 15,802 Thanks
    atypicalblonde
    Today's small wins - cancelled Greenthumb saving £30 per quarter. Also identified an item for ebay - going for around £10 so will get that listed on buy it now tonight.

    Feeling very flat, not helped by tummy bug. Shan't be posting as much but still keeping going. x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • Betterthanever
    • By Betterthanever 18th Sep 17, 6:56 PM
    • 356 Posts
    • 1,484 Thanks
    Betterthanever
    Hope you feel better soon.

    Current balance £115,428.65. Offset £1,775.31. £113,653.34 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22
    Money for Nothing pot = £392.99
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • Watty1
    • By Watty1 18th Sep 17, 8:19 PM
    • 2,863 Posts
    • 19,887 Thanks
    Watty1
    Hope you feel better soon.


    And hang in there. The small wins add up. There were times that paying off ours seemed hopeless....but ...it can and will happen.
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £27152
    • themadvix
    • By themadvix 19th Sep 17, 10:46 AM
    • 1,117 Posts
    • 6,413 Thanks
    themadvix
    Hope you're feeling better today! 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
    • greent
    • By greent 20th Sep 17, 3:56 PM
    • 6,404 Posts
    • 64,691 Thanks
    greent
    Hang on in there, atb - the small things really *do* add up to make a difference x
    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 £1214.99/£500 PAYDOX17 £11937/£10k Decluttered 1730/2017 items
    • atypicalblonde
    • By atypicalblonde 26th Sep 17, 7:34 AM
    • 2,498 Posts
    • 15,802 Thanks
    atypicalblonde
    Morning all,

    I am finally feeling better. Having been under the weather for some weeks now with one thing and another some major work-related changes took place yesterday. This will result in less money coming in, but gives me more time to focus on the family and my health. I have severe workaholic tendencies (culminated in being very poorly early part of last year), and have recognised those have been slowly creeping in again. Nipped it bud before it gets worse.

    Up early so I have:

    - put a spag bol in slow cooker
    - Unloaded DW, cleaned out filter and put a DW cleaner in it
    - Pegged out
    - Made beds
    - Organised school and swimming bags

    Ziffit payment on it's way and need to pay a cheque in this morning which will go straight into the pot.

    About to make myself some brekkie - kiddies playing nicely and already dressed.

    Spending the day with MiL today - she needs some help doing jobs at home, but she will make me a lovely lunch as a thank you so I don't mind. Need milk but otherwise no spending
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • A Frayed Knot
    • By A Frayed Knot 26th Sep 17, 9:24 AM
    • 2,128 Posts
    • 9,575 Thanks
    A Frayed Knot
    Glad your feeling better and recognised the workaholic tendencies - can relate to that.

    It's all about balance and being that little bit relaxed - not something I know much about - but I do try.

    Health before wealth everytime. Have a nice day at MIL's.
    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
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