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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,557Posts
    • 16,435Thanks
    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 40
    • shangaijimmy
    • By shangaijimmy 7th Dec 17, 1:13 PM
    • 2,286 Posts
    • 10,631 Thanks
    shangaijimmy
    Good step count! After our morning walk (the pooch is now exhausted and keeps sighing as he is only little) i'm at 10,500. So am gonna head out early to school run and push pram around the village a few times!

    Such a renegade approach to OPing - love it!!
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • atypicalblonde
    • By atypicalblonde 8th Dec 17, 11:40 AM
    • 2,557 Posts
    • 16,435 Thanks
    atypicalblonde
    £800 OP made
    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 8th Dec 17, 1:10 PM
    • 2,286 Posts
    • 10,631 Thanks
    shangaijimmy
    So envious of that big OP number!
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • atypicalblonde
    • By atypicalblonde 8th Dec 17, 2:35 PM
    • 2,557 Posts
    • 16,435 Thanks
    atypicalblonde
    So envious of that big OP number!
    Originally posted by shangaijimmy
    Thanks SJ, we have quite a way to go but big OPs like that help.

    Interesting discussion with DH today. There is an asset (office building) connected to his business that he bought 10 years ago. It is, truth be told, surplus to requirements - I do all his admin and work from home satisfactorily. I suggested getting it valued with a view to sell, and he was on board to my amazement.

    It's a company asset so we would have a tax faff to sort (what's new!) but could realise anything up to £30k equity. I've booked a viewing with a local agent for next week and will take it from there....
    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 8th Dec 17, 6:36 PM
    • 6,525 Posts
    • 65,840 Thanks
    greent
    Oooh - now that could make a serious dent in the mortgage! 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) £5278/£3286
    Net sales 2017 £1445.57/£500 PAYDOX17 £12239/£10k Decluttered 1985/2017 items
    • michelle09
    • By michelle09 8th Dec 17, 8:13 PM
    • 471 Posts
    • 1,886 Thanks
    michelle09
    Wow, £30k is awesome. Hope it goes well.
    • atypicalblonde
    • By atypicalblonde 13th Dec 17, 3:54 PM
    • 2,557 Posts
    • 16,435 Thanks
    atypicalblonde
    £999 OP made & valuation booked for next week of business premises.

    Both kiddies up a lot in the night last night so verrry tired now. Easy tea then early nights all round
    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 14th Dec 17, 7:11 AM
    • 2,557 Posts
    • 16,435 Thanks
    atypicalblonde
    Morning all,

    No OPs to report this morning, although today will be a NSD which is always good. I've joined some FB selling sites that specialise in some of the branded clothing the children have, so will list a few bits this morning.

    Need to wrap a couple more gifts too, almost time for the big ho ho ho! Just need the kiddies to break up now, but that's not until next Thursday
    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 14th Dec 17, 7:31 AM
    • 2,286 Posts
    • 10,631 Thanks
    shangaijimmy
    I have to confess that i always break up a week before the kids and love that time off, at home with peace, quiet and dog walks!!
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • CathT
    • By CathT 15th Dec 17, 7:36 PM
    • 5,396 Posts
    • 37,088 Thanks
    CathT
    Great to read that a lot of your recent stresses seem to be resolved. You are super oganised with christmas presents, I have still have lots to buy and haven't even bought any wrapping paper!
    Dec 2017 -
    part 1 - £79,467
    part 2 - £45,985
    Total - £125,449
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