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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,741Posts
    • 18,701Thanks
    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 8.2.18 - £109,990
    Aiming to be MF 1.10.2020
Page 44
    • atypicalblonde
    • By atypicalblonde 31st Jan 18, 12:44 PM
    • 2,741 Posts
    • 18,701 Thanks
    atypicalblonde
    January OPs have totalled £1,631.20 no wonder we feel a bit skint

    In all seriousness though, delighted with that. Might have to OP another £68.80 though to round it up to £1700
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 8.2.18 - £109,990
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 31st Jan 18, 6:33 PM
    • 2,741 Posts
    • 18,701 Thanks
    atypicalblonde
    Buy it now eBay sale today of £9.50, so I rounded up and OPd £10

    Usual mortgage payment goes out tomorrow which will knock around £370 off the balance, I'm looking forward to recalculating our daily interest and seeing how much it has dropped by

    I have spent a lot of time today cooking, planning meals and generally getting the fridge, freezer & cupboards in order. As February is a short month, I am setting myself a challenge of limiting food spends to £60. This is eminently doable, and I will be keeping track in my notebook of our spends to ensure we stick to budget!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 8.2.18 - £109,990
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 2nd Feb 18, 1:27 PM
    • 2,741 Posts
    • 18,701 Thanks
    atypicalblonde
    no food spends to report
    £999 OP made
    NSD today
    it's the weekend
    all my eBay items have bids

    Post edited to add:

    Money shuffle done & accounts assessed for the month, and another £700 has been sent off to banish the mortgage

    NS weekend ahead, I'm working one day & DH working the next so we will be like ships passing in the night. Meals have been planned, as have packed lunches, so no spending required.
    Last edited by atypicalblonde; 02-02-2018 at 3:12 PM.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 8.2.18 - £109,990
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 4th Feb 18, 7:57 AM
    • 2,741 Posts
    • 18,701 Thanks
    atypicalblonde
    Gosh this board is busy at the moment, it's lovely to see

    Crazy busy day working yesterday, and DH is working today. I was on my feet for 12 hours yesterday so an easier day on the cards today. We will walk the dog, do some baking, make a Sunday dinner and then flop in front of a film I expect!

    Mortgage online banking is being irritatingly slow to catch up with the payments I have made, so hopefully tomorrow everything will be up straight and we will know exactly what our balance is.

    eBay items end this evening and I have bids of almost £42 so far have earmarked a few more bits to list tonight if I can be bothered!

    Only £5.50 spent on food so far this month, and all meals are planned for the next week.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 8.2.18 - £109,990
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 4th Feb 18, 4:20 PM
    • 2,741 Posts
    • 18,701 Thanks
    atypicalblonde
    Afternoon all,

    eBay items made a fab £65,which I will OP tomorrow I do have more to list, just need to galvanise myself to do so.

    DH worked this morning, but since coming home he has taken over cooking Sunday dinner (slow roasted pork ) and is now making butterfly buns with the children. I'm on the sofa in my PJs with the woodburner roaring

    I have applied for a part time job doing some GCSE invigilating work at a local school; it would be ideal as it fits in with the school day and no requirement to work school hols. The money would come in handy for the OP pot, so fingers crossed.

    Both DH and DD need to renew their passports, so I must crack on with that before the prices go up in March. If we can keep to the £60 food budget for Feb, the money we save can pay for the passports

    Oooh DH has just asked if I want him to make HM Yorkshire puds too - yes please!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 8.2.18 - £109,990
    Aiming to be MF 1.10.2020
    • greent
    • By greent 4th Feb 18, 5:04 PM
    • 6,688 Posts
    • 68,835 Thanks
    greent
    Afternoon all,

    eBay items made a fab £65,which I will OP tomorrow I do have more to list, just need to galvanise myself to do so.

    DH worked this morning, but since coming home he has taken over cooking Sunday dinner (slow roasted pork ) and is now making butterfly buns with the children. I'm on the sofa in my PJs with the woodburner roaring

    I have applied for a part time job doing some GCSE invigilating work at a local school; it would be ideal as it fits in with the school day and no requirement to work school hols. The money would come in handy for the OP pot, so fingers crossed.

    Both DH and DD need to renew their passports, so I must crack on with that before the prices go up in March. If we can keep to the £60 food budget for Feb, the money we save can pay for the passports

    Oooh DH has just asked if I want him to make HM Yorkshire puds too - yes please!
    Originally posted by atypicalblonde
    PJs/ woodburner/ DH cooking - sounds a perfect Sunday!

    I invigilate at 2 schools - it works around the kids quite nicely. I also find there's a decent amount of work all (school) year round (although most obv in May/ June) with internal exams/ mocks/ maths challenges/ Y7 SATs/ other Y7 stuff - and 1 Sat morning a year (for a decent amount of money) to invigilate the 11+/ grammar school entry test I try and put all of the money into some sort of pot (was OP pot, then Florida Fund, then kitchen fund), rather than absorb it into everyday spending - it makes a difference then

    xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £36.39/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 (#15) £1429.16/£18694.38 Decluttered 273/2018 items
    • themadvix
    • By themadvix 5th Feb 18, 10:37 AM
    • 1,348 Posts
    • 8,083 Thanks
    themadvix
    I'd agree with Greent - I used to invigilate and one way and another there were only a couple of months with nothing happening. However, that was at a sixth form college, so the bank of casual staff (i.e. invigilators) got to do a wide variety of things - my favourite was collecting in the art coursework But good money, more or less year round. One thing to bear in mind is that you *have* to have your phone switched off in the exam room - this became a problem for me because of client needs, but just thought you might need to consider it in case of problems with the children (I'm sure it can be worked around, mind you!).
    OPs 2017 = £3103
    S&S ISA 2017 = £626
    OPs 2016 = £6142.12
    Starting balance 2012: £132000; balance Dec 2017: £96,822
    MFW2017 no. 38
    • greent
    • By greent 6th Feb 18, 7:37 PM
    • 6,688 Posts
    • 68,835 Thanks
    greent
    I'd agree with Greent - I used to invigilate and one way and another there were only a couple of months with nothing happening. However, that was at a sixth form college, so the bank of casual staff (i.e. invigilators) got to do a wide variety of things - my favourite was collecting in the art coursework But good money, more or less year round. One thing to bear in mind is that you *have* to have your phone switched off in the exam room - this became a problem for me because of client needs, but just thought you might need to consider it in case of problems with the children (I'm sure it can be worked around, mind you!).
    Originally posted by themadvix
    We can't have our phones with us in the exam room at either school I work at. However, I just give the children's schools a list of when I'm working/ where and the main contact no for one school/ the exams office for the other - haven't been contacted at all yet (phew!) - fingers crossed for going forward!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £36.39/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 (#15) £1429.16/£18694.38 Decluttered 273/2018 items
    • atypicalblonde
    • By atypicalblonde 7th Feb 18, 1:09 PM
    • 2,741 Posts
    • 18,701 Thanks
    atypicalblonde
    I have an interview
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 8.2.18 - £109,990
    Aiming to be MF 1.10.2020
    • Jessy103
    • By Jessy103 8th Feb 18, 1:23 PM
    • 522 Posts
    • 2,212 Thanks
    Jessy103
    Good luck with the interview!
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount Jan 2018 - £58,500.00
    Overpayment Target for 2018 - £5,000 /£663.78
    Jan - £369.23 Feb - £294.55
    • atypicalblonde
    • By atypicalblonde 8th Feb 18, 1:30 PM
    • 2,741 Posts
    • 18,701 Thanks
    atypicalblonde
    HAPPY 3 YEAR DIARY ANNIVERSARY TO ME

    So then, what's changed? Well the mortgage balance obviously

    Start balance three years ago today - £171,064.64. Balance today - £109,990. So that's a reduction of £61,074.64 in three years

    This is great, we are very pleased with how we have done but there is still a long way to go. Our target of being MF in October 2020 is still very much the goal - rough plans below.

    What else has changed? When I started my MF diary, I was in the grips of chronic PND. Nobody knew, and only now through an excellent counsellor am I able to realise just how much I was trying to put on a brave face, when all I wanted to do was run away. The MF journey gives me great focus, and has definitely helped me in many emotional ways.

    So the balance targets are as follows:

    - £105k by end of March 2018
    - £90k by end of December 2018
    - early part of 2019 - sell business premises and use approx £30k of equity to reduce mortgage. Assuming this works out, combined with usual regular OPing, target of £45k by June 2019
    - £30k by end of 2019
    - MF by October 2020

    Obviously sale of business premises is a huge factor in achieving MF goal. Usual sources of OPs will continue to be used - eBay, grocery challenges, dividends from DH business. If I'm successful with the invigilator role all earnings from that would be OPd too.

    Thanks to everyone who reads along, let's all keep on keeping on
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 8.2.18 - £109,990
    Aiming to be MF 1.10.2020
    • Jessy103
    • By Jessy103 8th Feb 18, 1:39 PM
    • 522 Posts
    • 2,212 Thanks
    Jessy103
    Happy Anniversary!!! You've done fantastically well and I wish you the best of luck with your target! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount Jan 2018 - £58,500.00
    Overpayment Target for 2018 - £5,000 /£663.78
    Jan - £369.23 Feb - £294.55
    • atypicalblonde
    • By atypicalblonde 8th Feb 18, 2:37 PM
    • 2,741 Posts
    • 18,701 Thanks
    atypicalblonde
    Just to add daily interest is now £7.46
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 8.2.18 - £109,990
    Aiming to be MF 1.10.2020
    • therocket
    • By therocket 8th Feb 18, 5:06 PM
    • 25 Posts
    • 46 Thanks
    therocket
    Hi ATB,

    Just found your diary and have been blown away with the success you've had! I have now subscribed for the final few stages of your journey.
    I havent started my diary just yet (waiting for remortgage, due in June) but will be in a similar position to yourself at the start of your journey, so it's been great to read how much you have achieved!

    I'll keep checking in

    Rocket
    MFW - diary incoming!
    • greent
    • By greent 8th Feb 18, 5:30 PM
    • 6,688 Posts
    • 68,835 Thanks
    greent
    Happy Diary Anniversary!
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £36.39/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 (#15) £1429.16/£18694.38 Decluttered 273/2018 items
    • hiddenshadow
    • By hiddenshadow 8th Feb 18, 6:21 PM
    • 2,431 Posts
    • 11,080 Thanks
    hiddenshadow
    Happy anniversary! Well done on the progress you've made...I love looking at the macro level to see how much things add up from the tiny OPs.
    MFW: £197,100 (2013) to £103,055 (Feb '18)
    2018 MFW #56: £1,591/£105,000 1% / MFiT-T4 #15: £56,445/£90,000 62%
    • atypicalblonde
    • By atypicalblonde 10th Feb 18, 8:28 AM
    • 2,741 Posts
    • 18,701 Thanks
    atypicalblonde
    TT made of £2.57 to start the weekend off

    I want to get 10 things listed on eBay this weekend; have quite a few kids clothes to list and I'm going to put them all at reasonable buy it now prices. If we make £50 on eBay this week I would be a very happy bunny.

    Our kids are still at school next week, then half term. We have some nice cheapy days out planned and they will also be having a sleepover with the grandparents the night before my interview. I haven't had a job interview in over 10 years so feeling a bit nervous even though I know I can do the job no problems! I am prone to waffling a bit (can you tell ) so must keep a lid on that.

    We are going to visit DH family for dinner today, I already have some wine in that we will take & I'll pick up some flowers too. Just checked online banking, need to find the £4k to get us to £105k by end of March, doable somehow just not sure how yet
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 8.2.18 - £109,990
    Aiming to be MF 1.10.2020
    • CathT
    • By CathT 10th Feb 18, 4:28 PM
    • 5,425 Posts
    • 37,979 Thanks
    CathT
    Good luck with the interview. It sounds like it could be a nice little earner to top up the OP pot. Mortgage freedom isn't too far away now.
    Feb 2018 -
    part 1 - £78,989
    part 2 - £45,748
    Total - £124,737
    • Goldiegirl
    • By Goldiegirl 12th Feb 18, 4:02 PM
    • 8,297 Posts
    • 48,618 Thanks
    Goldiegirl
    Good luck with the job interview
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
    • atypicalblonde
    • By atypicalblonde 12th Feb 18, 9:34 PM
    • 2,741 Posts
    • 18,701 Thanks
    atypicalblonde
    have had a raging eye infection for days now that wonít shift. Been using OTC stuff as cannot get a GP appointment at our surgery for love nor money. So Iím being a grumpy ATB.

    Itís bitterly cold here, spring cannot come fast enough for me! Managed a few eBay listings and a couple of 99p bids so far. DH has work for this week and next so we can breathe a sigh of relief for now.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 8.2.18 - £109,990
    Aiming to be MF 1.10.2020
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