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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,658Posts
    • 17,680Thanks
    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 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
Page 42
    • atypicalblonde
    • By atypicalblonde 1st Jan 18, 6:27 PM
    • 2,658 Posts
    • 17,680 Thanks
    atypicalblonde
    I am looking forward to tomorrow so much - online banking gets back to normal, and on Wednesday our online mortgage account will be up to date (mortgage is paid tomorrow).

    I had a bit of a wobble earlier, as I sometimes do. Because we are both self-employed, adopting our gung-ho approach to OPing is both the right thing to do (because we have to fling the cash at it when we have it, business can be booming or slow, never a middle ground), and the wrong thing to do, as it leaves us with no safety net at all.

    But the best months for OPing we have had is when I haven't wobbled, just stealthily carried on ploughing money into the mortgage. So I hereby pledge that I am not going to wobble in 2018. Even if we march through the year making plenty of OPs, get to the end of it and have other priorities (usually tax bills!) that need to be paid, I will not fret or wobble, but will say that 2018 was the year that I ruddy well went for it

    Does this make sense? Hoping Watty sees this as I know she went totally gung-ho to clear her mortgage which took huge guts as she is self-employed too.

    On that note, off to pay the PAYE/NI for the last month
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
    • Watty1
    • By Watty1 2nd Jan 18, 3:00 AM
    • 2,988 Posts
    • 20,844 Thanks
    Watty1
    Absolutely makes sense. I did really go for it especially towards the end. I understand the wobbles ....but as the figure really started to fall it all seemed achievable ....go for it girl
    I think my wobble came right at the end when we had no savings and I had cleared the final amount by borrowing from the business. There was a spell where I wrote my totals down every night to feel a sense of control. Looking back it wasn't as close to the wire as I thought because I had kept my credit card clear so that would have done as a safety net I suppose.
    Am watching progress...will remind you not to wobble...
    Last edited by Watty1; 02-01-2018 at 3:04 AM.
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaid next mortgage. £79,491 down to £27152
    Knotted hanky fund now in full swing: £3776.40
    • atypicalblonde
    • By atypicalblonde 2nd Jan 18, 7:52 AM
    • 2,658 Posts
    • 17,680 Thanks
    atypicalblonde
    Absolutely makes sense. I did really go for it especially towards the end. I understand the wobbles ....but as the figure really started to fall it all seemed achievable ....go for it girl
    I think my wobble came right at the end when we had no savings and I had cleared the final amount by borrowing from the business. There was a spell where I wrote my totals down every night to feel a sense of control. Looking back it wasn't as close to the wire as I thought because I had kept my credit card clear so that would have done as a safety net I suppose.
    Am watching progress...will remind you not to wobble...
    Originally posted by Watty1
    Thanks so much sweetie (but sorry you were awake at silly o'clock again). A good point as well re. CC - we don't have one, but could get one if needs be as a safety net. We need this mortgage gone. Thanks again xx

    NSD ahead, save for eBay postage which doesn't really count. I have a long list of admin jobs to do; kiddies at home still this week so they can 'help'!

    Will report back later x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
    • themadvix
    • By themadvix 2nd Jan 18, 8:38 AM
    • 1,260 Posts
    • 7,571 Thanks
    themadvix
    Having had a slow year this year (I'm SE, but fortunately DH isn't), I can definitely agree that it's important to get the mortgage down when the sun is shining! I'm hoping for a better year this year (there's certainly been a lot of work promised), so hopefully we can get back on an even keel. (I do always have a savings pot that is there for the lean months though - it's the peace of mind I need. Although, once we get to as close as Watty was, I'd pay it off too!)
    OPs 2017 = £3103
    S&S ISA 2017 = £626
    OPs 2016 = £6142.12
    Starting balance 2012: £132000; balance Dec 2017: £96,822
    MFW2017 no. 38
    • atypicalblonde
    • By atypicalblonde 2nd Jan 18, 4:26 PM
    • 2,658 Posts
    • 17,680 Thanks
    atypicalblonde
    So today has been manic. DH phoned me this morning to say someone has run into the back of him. No-one hurt, but van a mess. So this morning was lost to dealing with insurance etc whilst kiddies had to watch the iPad as I couldnt deal with them at the same time!

    Hmmph. Did manage to do a load of other admin too, so it's not been a totally lost day.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
    • Goldiegirl
    • By Goldiegirl 2nd Jan 18, 4:33 PM
    • 8,409 Posts
    • 48,230 Thanks
    Goldiegirl
    Thankfully your DH wasn't hurt, but probably shook him up a bit. Just what you didn't need, a load of admin relating to the insurance company.

    What a start to the new year - hopefully that's the bad out of the way right at the start and the rest will be positive
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
    • A Frayed Knot
    • By A Frayed Knot 2nd Jan 18, 6:04 PM
    • 2,215 Posts
    • 9,935 Thanks
    A Frayed Knot
    Wow, glad no one was hurt, bit of a pain though, probably could have done without all the phone calls and admin, however everything is sent to try us.

    Know what you mean by "that 2018 was the year that I ruddy well went for it " as thinking along the same lines, however not a wobble in sight as far as mortgage balance goes, BUT plenty today as I tried my hand at MB - got my knickers in a right old twist, seems I came across something which quote

    "It's a pretty rare scenario" - cue - panic stations !!! Only I could come across a rare scenario on my 1st free bets - not for the faint hearted (or the HBP brigade)
    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 £4068.97
    • themadvix
    • By themadvix 3rd Jan 18, 8:21 AM
    • 1,260 Posts
    • 7,571 Thanks
    themadvix
    Glad your DH (and anyone else) wasn't hurt ATB, but what a pain! Hope you get it sorted with minimal problems.
    OPs 2017 = £3103
    S&S ISA 2017 = £626
    OPs 2016 = £6142.12
    Starting balance 2012: £132000; balance Dec 2017: £96,822
    MFW2017 no. 38
    • atypicalblonde
    • By atypicalblonde 3rd Jan 18, 8:36 AM
    • 2,658 Posts
    • 17,680 Thanks
    atypicalblonde
    Thanks guys - exactly that, the main thing is that he isn't hurt. We do have quite an excess to pay which will hurt though!

    AFK - I dabbled in MB last year. I exhausted all the easy free bets through Oddsmonkey then abandoned it. Made an easy £200 though. Let me know if I can help at all x

    Just OPd £182, being the ebay sales money for the past week. A friend has asked me to give her a hand with her small business for a few hours tomorrow, in exchange for £50, and has also asked me to help on Saturday too, so with a bit of luck I should have £100 to OP by the time the weekend is out

    Nipping to the big yellow and blue shed this morning but will get a free cuppa with my family card, the kids can play for free in the creche for an hour and then have a hotdog each afterwards - parenting wins
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
    • atypicalblonde
    • By atypicalblonde 4th Jan 18, 6:47 AM
    • 2,658 Posts
    • 17,680 Thanks
    atypicalblonde
    £6.25 OP made

    Must dash, as working this morning and need to be out of the house with kids in tow by 8.15. NSD ahead
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
    • Betterthanever
    • By Betterthanever 4th Jan 18, 8:32 AM
    • 495 Posts
    • 2,879 Thanks
    Betterthanever
    What a start to the year - glad there were no injuries. Metal can be fixed easier than people can.


    Happy NSD!

    Current balance £113,959.06. Offset £2,390.46. £111,568.60 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22 - 2018 O/pay £100
    Make £2018 in £2018 = £263.24/£2018
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • atypicalblonde
    • By atypicalblonde 5th Jan 18, 1:06 PM
    • 2,658 Posts
    • 17,680 Thanks
    atypicalblonde
    So the children are still off school, back Monday, and boy am I ready for it! DH has been back at work since Tuesday, so I have been flying solo with them - I had forgotten how much longer simple tasks such as nipping to the Post Office take with a 5 and 3 year old in tow!

    Have some ongoing distressing family stuff to deal with in the background, but I am determined not to let it drag me down.

    £40 OP made. Will be nipping to the bank on Monday to pay in some cash which I will OP straight away. Also, my lovely mum has given me in excess of 300 books of varying categories, so I intend to slowly start researching how much these are going for. If I made £50 from the lot I would be very happy.

    Does anyone have any success of using Amazon to sell?
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
    • A Frayed Knot
    • By A Frayed Knot 5th Jan 18, 6:36 PM
    • 2,215 Posts
    • 9,935 Thanks
    A Frayed Knot
    AFK - I dabbled in MB last year. I exhausted all the easy free bets through Oddsmonkey then abandoned it. Made an easy £200 though. Let me know if I can help at all x
    Originally posted by atypicalblonde

    Thanks for that, just had a wobble with my 1st (bet and free bet) so will have to pluck up enough guts to try again. I do want it to work - hate been beaten and am stubborn enough to keep going until it is mastered
    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 £4068.97
    • atypicalblonde
    • By atypicalblonde 6th Jan 18, 7:48 AM
    • 2,658 Posts
    • 17,680 Thanks
    atypicalblonde
    £6.84 TT

    Working this morning, so will have some more money to add to the pot later. Also boxed up £10 worth of books to send to Music Magpie yesterday, only took me half an hour to input them so time well spent. Loads more to go at.

    Have great days all x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
    • atypicalblonde
    • By atypicalblonde 6th Jan 18, 12:24 PM
    • 2,658 Posts
    • 17,680 Thanks
    atypicalblonde
    Work done, and a £15 ebay sale which I have just OPd
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
    • CathT
    • By CathT 6th Jan 18, 1:22 PM
    • 5,433 Posts
    • 37,662 Thanks
    CathT
    Hope dh van not too complicated/costly to fix. You've got a really steady stream of 3bay sales, I should try and sell on there but think I've lost patience and motivation with it! Our children aren't back until Tuesday and Christmas feels like such a long time ago!
    Jan 2018 -
    part 1 - £79,207
    part 2 - £45,863
    Total - £125,070
    • michelle09
    • By michelle09 6th Jan 18, 4:32 PM
    • 594 Posts
    • 2,782 Thanks
    michelle09
    You're an inspiration with your no wobbles approach ATB! I currently throw all the SE earnings onto the mortgage because I have a FT employed position as a backup, but by the end of the year may be FT SE which might a little more nerve wracking.

    Good job on the Music Magpie.
    • atypicalblonde
    • By atypicalblonde 6th Jan 18, 5:12 PM
    • 2,658 Posts
    • 17,680 Thanks
    atypicalblonde
    The £80 I have made working for a friend has just been OPd, and I have installed the app on my phone (previously just had it on the iPad) to track the mortgage there too
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
    • atypicalblonde
    • By atypicalblonde 9th Jan 18, 6:51 AM
    • 2,658 Posts
    • 17,680 Thanks
    atypicalblonde
    Morning all,

    £300 OP made, and today will be a NSD which always makes me feel like this

    Not much else to report; kiddies back to their respective places of education so normality has returned!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 22.12.17 - £115,000
    Aiming to be MF 1.10.2020
    Goal - overpay £10k by 31.3.18 - so far £182/£10,000
    • CathT
    • By CathT 9th Jan 18, 6:30 PM
    • 5,433 Posts
    • 37,662 Thanks
    CathT
    You're on fire this month ATB! How much have you overpaid so far?
    Jan 2018 -
    part 1 - £79,207
    part 2 - £45,863
    Total - £125,070
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