Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 11th Mar 17, 11:56 PM
    • 118Posts
    • 480Thanks
    DeterminedSingleMummy
    Overpayment Addict
    • #1
    • 11th Mar 17, 11:56 PM
    Overpayment Addict 11th Mar 17 at 11:56 PM
    Hi everyone, I've been reading lots of your stories and decided I should document mine too for lots of reasons...

    1. The motivation and support all you lovely people have given each other is amazing (I would like some of that please )
    2. Keep myself focused and see if I can push my overpayments higher
    3. Share my frugal experiences with you all
    4. Track progress of all over payments.
    5. I'm sure there's more but too tired to think atm...

    I've had my mortgage since 2009, moved to a bigger property in Dec 2011 with a mortgage of £87,500. I paid my mortgage every month but I also enjoyed myself every month (partying, cinema, food etc) and overpaying my mortgaging never crossed my mind... Having my DD in 2013 is what changed everything for me. The focus was no longer on me enjoying my life but her enjoying hers. I am a single mum and unfortunately I could not carry on with the job that I was doing before I had DD. I never want to be in a position where I've got to tell her no we can't do/have something because we have no money and that's where my overpaying addiction started...

    I never had any budgets, I would use my credit card and pay it off in full every month on payday. And because of this I struggled throughout my whole maternity, at first I thought it was all the baby stuff I was buying but it was clear after a few months that not having a budget was not going to work....

    From then on I have been focused on overpaying my mortgage and my balance today is £54631.
    I will have to dig out my mortgage statements to give u a summary of overpayments I've been making but at first it was £260 a month, then it went to £360 a month and now I over pay £500 a month... sometimes I don't even know how I do it as I only work part time and I do spoil DD a lot but I've been sticking to my spreadsheets and have been addicted to overpaying my mortgage and seeing that balance drop.

    My mortgage rate is 1.99% and it's fixed until Jan 2019 and I can start looking for a new fix four months before which is Sept 2018. There is 11 years and 5 months (I think, waiting for my letter from my latest overpayment) DD is 4 currently so I am aiming to pay off my mortgage by the time she is 10 which gives me 6 years. According to the overpayment calculator if I am on track with my overpayments of £500 a month I should have cleared it in 5 years. However I do sometimes miss a month not often tho... the mortgage taken out in 2011 was a 20 year mortgage so that would have ended Dec 2031. My current end date is August 2028 (I think...) Aiming to be mortgage free in 2023

    Well that's all for now... if I've missed out any info please ask and I will update you
Page 4
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 20th Apr 17, 5:55 PM
    • 118 Posts
    • 480 Thanks
    DeterminedSingleMummy
    Hey pollyanna - I never budgeted for DD swimming because she started this after I started overpaying and it motivated me to get stuff on ebae so I guess it gives me that extra push to find extra money.

    Cheap and cheerful days out are great. Her fave is playland at Ikea which is free so keeps us both happy. I'm also lucky that we have lovely lakes and parks to walk around which we do regularly too.

    I've been stoozing for 3 years now and I've not had any problems.

    I have used

    1.santander - 0% finished so I closed the account. But last month i got a new CC with them at 0% with a higher limit than the previous card
    2. Tesco - 0% finished but I keep this card to earn points
    3. Barclaycard - 0% finished but not closed this card as they send regular 0% offers. Have stoozed twice on this card. Very high limit too
    4 halifax. Declined me a few years ago but Accepted me for a 0% fee free Balance transfer which has gone through this month (with topcashback too)
    5. M and s - 0% ends in June. Balance transferred to halifax so I will be closing this account.
    6. TSB - 0% finishes in Nov and I will be closing the card once balance transfered or card paid off.

    I havnt applied for more than one credit card with the same bank. If I don't get accepted for Balance transfer i will pay off the card and then start stoozing again on a new 0% purchase card. Not really sure how banks decide who to give cards to at what limits. I just apply and hope for the best lol

    With broken things on ebae people bid on them because they might be able to fix it or need it for spares or parts so definately list those broken items as long as you are clear they are broken.

    I have no idea about subscribing to threads. I just remember which ones I've been reading and click on them when I see them (pretty much a newbie at this forum)
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
    • debtfreeoneday
    • By debtfreeoneday 21st Apr 17, 7:00 AM
    • 2,677 Posts
    • 9,049 Thanks
    debtfreeoneday
    I wouldn't trust myself with stoozing, well done for doing so well!
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1549.85
    MFW (01/15) £118,031.21 £97,909.27
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 21st Apr 17, 8:03 PM
    • 118 Posts
    • 480 Thanks
    DeterminedSingleMummy
    It has taken a lot of discipline to not spend the stooze pot but now the money goes straight Into monthly savers earning the max interest it can plus it runs perfectly with the length of 0% card so has worked out well this time.

    So ebae update total for April is £84.44. I have listed another 10 items today and they will all end before the end of the month! That's a total of 33 items active currently!! I don't expect them all to sell but fingers crossed. One of the items I've relisted three times has just got a bid on

    A NO spend day today which wasn't planned but quite happy about. Nothing planned for the weekend either so can hopefully be under budget for my weekly spending so that can go towards more overpayments
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
    • pollyanna24
    • By pollyanna24 21st Apr 17, 9:36 PM
    • 3,634 Posts
    • 4,271 Thanks
    pollyanna24
    I shall have a root around and have a look at what I can eBay. Just bought new bikes for the girls off eBay and will collect them this weekend while they are at their dads. They cost £51 for the two of them, so not bad going. And I shall now stick their little bikes on eBay to try and recoup some of the costs.

    There aren't many Ikeas around, or are there and I just don't know about it? Never thought about going for the free play.

    My bargain of the day was a Paw Patrol jumper for my littler one from Primarni. £3. Bargain!
    Pink Sproglettes born 2008 and 2010
    House Worth (approx) - £383,000
    Mortgages (3rd May 2017) - £184,179.38
    Equity - £198,820.62
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 22nd Apr 17, 6:59 PM
    • 118 Posts
    • 480 Thanks
    DeterminedSingleMummy
    No spend day today! Which is great. Altho feeling a bit today for some reason. If I manage another no spend day tomorrow there will be another £12 towards overpaying. Nothing planned so could be a cheap or expensive day. Will see how I feel tomorrow and what DD wants to do.
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 23rd Apr 17, 6:26 PM
    • 118 Posts
    • 480 Thanks
    DeterminedSingleMummy
    Didn't go anywhere today, still feeling so wasn't in the mood for getting dressed at all. Which means no spend day and another £12 towards the overpayment.

    Did some baking with DD so she was kept entertained. We also tidied and sorted about 1/4 of her toys and managed to throw a lot of stuff out. Also rediscovering old toys which are apparently her favourite even tho she hasn't played with them for months lol

    Been doing a lot of thinking about overpayments and everything. And would have decided I'd like to start allocating some money towards DDs future and I've worked out how much I'd like to save and keep in a bank account her for separately so I think I'm going to add that Into my budgets next year but that means my overpayment amount will go down unless my income goes up.

    Swimming and after school activities i will also budget for but she doesn't start school until September so I wont know what's what until then.

    Just looked at the prices for Disneyland again and the price has gone up (compared to when I went last year) which I expected it to but the holiday package has been reduced so to get the same holiday I booked last year and the year before it will be a lot more expensive... not really sure if we will go again to try something different and cheaper. Plus she'll be in school and im not sure what the schools policy is about missing a few days.

    50% off fees on Ebae again for three days. Annoyed that I've just listed 10 items a few days ago. Never mind. Hopefully will be able to find some random stuff to list to take advantage of the 50% off fees offer... currently 33 items active. 4 have bids on.

    Hope everyone has had a good weekend... xxx
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 25th Apr 17, 4:58 PM
    • 118 Posts
    • 480 Thanks
    DeterminedSingleMummy
    After a few days I'm feeling a bit better today... I have a really sore throat but I'm sure I'll be fine.

    Claimed £1 cashback today and £8 from a mystery shop and really pleased they've both been paid instantly!

    No more items listed on Ebae but will hopefully get some on tomorrow.

    Found a bargain sandwich for 50p, a yum yum for 10p and a vanilla Danish for 22p ttoday probably not the best things to eat for my throat but I'm too tired to make anything lol
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
    • Kittenkirst
    • By Kittenkirst 26th Apr 17, 3:49 AM
    • 1,338 Posts
    • 6,516 Thanks
    Kittenkirst
    Glad to hear you're starting to feel a little better

    £8 mystery shopping sounds good and even better with how quickly they've paid. Your figures are looking fantastic DSM
    Emergency savings- £3005. /£4000
    Mortgage Oct '16- £170.995 LTV- 90% end date Nov 2041
    2016 OPs £255.50/£150
    2017 MFW #20 - OP £1292.90/ £2150. 60%
    Jan- £68.21, Feb- £306.67, March- £272.01 April-£324.05 May £120.33 June £201.63
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 26th Apr 17, 5:50 PM
    • 118 Posts
    • 480 Thanks
    DeterminedSingleMummy
    My throat is still sore. The only benefit of this is that I'm quieter in work which my colleagues enjoy lol

    Three items sold last night. Yay! However I forgot to list my new items to get 50% off fees. Not sure whether to just list them now or to have them saved in drafts ready for the next promo. Not sure what my total is now for Ebae.. it's around 80 something I think... going to calculate the magical number at the end if the week.

    Have been doing a few extra hours in work too so hopefully next payday I'll have some extra money that can go towards the OP.

    I really want to do a car boot sale too as I have a lot of stuff which is pointless to out on eBay... but I've never done one before... any hints or tips?

    X
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
    • debtfreeoneday
    • By debtfreeoneday 28th Apr 17, 8:05 AM
    • 2,677 Posts
    • 9,049 Thanks
    debtfreeoneday
    No hints or tips really except, don't go looking around or else you'll buy stuff and I was always really sensible with prices as I don't want to bring the stuff home again!
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1549.85
    MFW (01/15) £118,031.21 £97,909.27
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 29th Apr 17, 7:36 AM
    • 118 Posts
    • 480 Thanks
    DeterminedSingleMummy
    I'm going to start getting a box ready to fill it full of things that'll I'll take to a car boot and hopefully someday soon I'll be brave enough to go. I feel a bit clueless about car boot sales.

    6 more items sold last night on Ebae. I think I've sold about 30 items in April. I have two more items listed which will end in April however I don't think these will sell. Currently have 24 items listed however lots of these are things I've relisted that didn't sell the first time.

    Off to the cinema with DD and her friend today. £2.50 a ticket which isn't too bad. bag full of snacks so hopefully won't need to get anything else. Not sure what we will do the rest of the day.. hopefully something that doesn't require a lot if funds lol

    Hope everyone has a lovely bank holiday weekend!!! Will be back with numbers soon on how much extra money I've made this month from Ebae, cashback etc...

    Xxx
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
    • debtfreeoneday
    • By debtfreeoneday 1st May 17, 6:46 AM
    • 2,677 Posts
    • 9,049 Thanks
    debtfreeoneday
    Just keep relisting on fleabay, stuff will sell in the end! Maybe try a smaller car boot for your first one? Schools and colleges do them round here in their car parks and they tend to be smaller sized events!
    DFW (08/08) £64,346.53
    CC1 - GONE! ~~~ CC2 - GONE! ~~~ CC3 - £1549.85
    MFW (01/15) £118,031.21 £97,909.27
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 1st May 17, 7:23 PM
    • 118 Posts
    • 480 Thanks
    DeterminedSingleMummy
    Yea I'm going to list stuff even if i don't think it will sell on Ebae just so I have a list of prices and items I can take to a car boot and feel a bit more organised rather than keep boxes of stuff and have no idea what's in there...

    Totalled everything up and this month my extra cash is...
    1. Ebae earnings April - £117.75 (27 items)
    2. Surveys/mystery shopping - £23.50
    3. Interest/Cashback from 123 account - £4.02 + £7.87
    4. Other cashback - £0 (£26.67 earnt but cannot withdraw until end of May so not counting this in this month)
    5. Savings from weekly budget - £49.94
    6. Overtime in work £0 (next payday is 10 May)
    7. Other - £21 TBC

    So total is £224.08!!!

    Swimming lessons (from Ebae) is £117.75 (target £180 for 2017)
    Mortgage overpayment £106.33

    I'm really happy with how my first full month of tracking it all has been. Hopefully May will be better!!! I ALREADY have £26.67 earnt from cashback for may. Hopefully my May figures will be higher than April's and once I hit £180 in ebàe any extra will go towards mortgage overpayment!! I am currently drip feeding some stoozed money Into monthly savers where the interest is paid annually so for two months of the year the total will be a lot higher.

    I do worry that my Ebae will slow down a bit as I will have less things to post on Ebae... but can hopefully find other ways to increase the extra money...
    Last edited by DeterminedSingleMummy; 01-05-2017 at 9:27 PM.
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
    • gailswind
    • By gailswind 4th May 17, 12:43 PM
    • 2 Posts
    • 6 Thanks
    gailswind
    Overpayments
    I paid £100 a month, off the term, for approximately 10 years, took 6 years off my term. Well worth doing as I'm now mortgage free.
    • HoplessCase
    • By HoplessCase 4th May 17, 5:44 PM
    • 60 Posts
    • 44 Thanks
    HoplessCase
    Hey! Just found your diary and love it! I'm also addicted to overpaying my mortgage and keep a spreadsheet or every penny I make and then mark when it's been moved to mortgage - it's so great to see how much difference being focused on it can make. Keep up the good work!
    On a mission to be mortgage free!
    MFW OP 2017 #106: £13,248.12 / £31, 626.61
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 4th May 17, 8:06 PM
    • 118 Posts
    • 480 Thanks
    DeterminedSingleMummy
    Ebae is really slow atm... but I'm still relisting hoping some will sell... I've had a bonus come through with work which is a nice number to add to this months extra money however I think it's demotivated me a little bit. I've saved £6.26 from some spending this week which will go towards the months total and my £26 cashback earnt in April will be cashed out this month.

    The sun is shining so spending more time at parks and out about rather than focusing on everything else. But at least I'm not spending the money lol

    I'm thinking of opening another monthly saver too at 5% to run some more stoozed money through. Just need to get myself to the bank to sort it out. But again zero motivation. Not sure what's wrong with me the last few days...
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
    • thegirlinthegreenscarf
    • By thegirlinthegreenscarf 5th May 17, 1:39 PM
    • 39 Posts
    • 74 Thanks
    thegirlinthegreenscarf
    Sorry, I haven't had a chance yet to read all of the pages, but I do have questions. What are you selling on ebay? Do you find buy it now or auction listings are best? Which part of the country are you from? (I'm in Scotland) I was wondering what are your tips for no spend days out? (We have a 5 yo) I really admire your progress. Hoping you can give me some inspiration xx
    • PrincessLou
    • By PrincessLou 5th May 17, 3:03 PM
    • 493 Posts
    • 1,855 Thanks
    PrincessLou
    Have you tried selling things on Facebook? I was finding Ebay really slow too and nothing was selling. Then I discovered Facebook selling and I've sold lots of items on there already - it's so easy and there's no fees or need to post anything.
    Mortgage - £105,989.59
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 5th May 17, 3:13 PM
    • 118 Posts
    • 480 Thanks
    DeterminedSingleMummy
    Hey girl in the green scarf. I am selling literally everything in my house that I no longer want/need. Some are brand new things eg. Gifts, stuff I've bought that I've no longer a use for but never used. Some are old clothes/shoes. I sold a broken watch. Purfume that I've never used. Literally anything and everything lol

    I find the best is to start auction at 99p and list for ten days. A lower starting price always ends up with a higher selling price. I listed a swim suit for £5 and it didn't sell I relisted it at 2 50 and it sold for £8. So I like to start my listings quite low .

    With no spend days I always pack a lunch and treats and usually find free events in the area to go to. DD is always allowed to take one toy with her so if she wants to buy something I tell her she's already got her toy and maybe she can have it for her birthday/Xmas. Or generally go somewhere where there isn't a choice to spend money like the park or for a walk. If I take her for a walk I make it into a little adventure (she's 4) so we take a bucket and she collects leaves/acorns/flowers/stones etc which makes the trip fun for her and a no spend day for me.
    I always have a notebook and some colouring pens in my bag too so wherever we go if i need to distract her she has that and is happy with it. Not sure how long that will last tho...

    Hope this helps you

    I'm still having a bit of a zero motivation week .... no new items listed or sold... I currently have 36 items listed and only two of them have bids on... need to empty my cupboards to see if theres anything else worth selling...
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
    • DeterminedSingleMummy
    • By DeterminedSingleMummy 5th May 17, 6:20 PM
    • 118 Posts
    • 480 Thanks
    DeterminedSingleMummy
    Mortgage update: balance 51690

    Just phoned to max out my 10% for the year so I've just made a payment of £1513 which will bring my mortgage down to £50177. I so wish it was under 50k but I won't be able to make any more overpayments until 1 Jan 2018.

    My next month's regular mortgage payment will take it down under 50k tho so I guess that will be nice to see.

    What i have budgeted to overpay in June July August and September (total £2000) will be saved to replace the stoozed pot. October November and Decembers money (total £1500) will be used to give myself a head start in 2018.

    This still leaves me £221 which is the number I am aiming to earn extra from any other income.

    So far I've got £32.91/£221.

    Last month my interest was £90. This month my interest was £86. With this last overpayment I think my interest will be around £83/4.

    Im estimating my balance to be approx £47000 in Jan 2018. Not sure how good my maths is but would be interesting to look back and read this lol.

    Even tho I won't be overpaying my mortgage as I've maxed out my 10% allowance I will still be tracking any extra money I have which I will keep a total of to overpay in January. After I've achieved £221 target, I am going to set myself another target of £4700 which is 10% of what I think the balance will be Jan 2018. I would love to be in a place where I can max out my 10% on the first day of the calendar year.

    Not sure if this post has made sense to anyone else (it does in my crazy little head)

    Maybe I will post again but in bullet points...
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,434Posts Today

6,787Users online

Martin's Twitter