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    • Swash
    • By Swash 15th Mar 17, 6:42 PM
    • 111Posts
    • 263Thanks
    On the road to freedom..
    • #1
    • 15th Mar 17, 6:42 PM
    On the road to freedom.. 15th Mar 17 at 6:42 PM
    Hello everyone!

    I finally did it! After saving up for many years on my own, I finally have my own home. This has been a dream of mine for many many years.

    Just 8 years ago I was jobless, miserable, and in debt. I had a lightbulb moment and decided to change my life for the better. I got myself a good job, cleared all of my debts and started to save, with the aim of buying a house and then paying off the mortgage.

    At the beginning of this month I completed on my very own home. My first payment came out he bank yesterday and today I made my first overpayment. My plan is to overpay as much as possible every month. I would like to have a more S.M.A.R.T target with regards to overpaying but if I'm honest I can't really figure out the overpayment calculator, or even how to make a chart that I can colour in

    My mortgage is £112500 at 2.84% fixed for two years. There is also a fee added on to this of £300. Shall I pay this fee off to make it easier to work out?

    Anyway, I'm going to concentrate my efforts on overpaying and keep track of my progress by rambling away on here. Hope I haven't bored you too much. Wish me luck
    "Nothing is permanent in this wicked world, not even our troubles".

    Mortgage 1/3/2017: £112795 Remaining Balance: £109990.00 Overpayments: £1241.22
Page 2
    • Swash
    • By Swash 21st May 17, 3:12 PM
    • 111 Posts
    • 263 Thanks
    Thanks benbenandme!

    I still have some furniture to buy too so I'll have to save for that. Good luck to you too
    "Nothing is permanent in this wicked world, not even our troubles".

    Mortgage 1/3/2017: £112795 Remaining Balance: £109990.00 Overpayments: £1241.22
    • Swash
    • By Swash 7th Jul 17, 4:34 PM
    • 111 Posts
    • 263 Thanks

    Where have the last few weeks gone?! I've been so busy the last couple of months that I've not had chance to update anything. I'm leaving my job in 3 months so I've been studying/ doing courses/ sitting exams ready for my new job.

    I don't actually have a new job yet so that is pretty scary, but I get paid by my current employer until the end of January. So I have a bit of time to find one.

    I've had an awful couple of weeks in terms of stress and worry I've been dealing with something that happened to me as a child for 16 years, and I went to the police about it this week so it has been tough. I'm sure it will be for the best though. It's just another part of my 'road to freedom'.

    In money news, the saving and mortgage payments have been going pretty well. I have around 2.5 months worth of pay saved and I have overpayed £440 so far this month, so that brings my total overpayments to £1237.39 since I moved in on 1st March.

    I could pay more but I'm saving at the same time so it's hard. But I'm now in the £109k's!! Can't wait to get under 100k.

    Hope everyone is well.

    Swash x
    "Nothing is permanent in this wicked world, not even our troubles".

    Mortgage 1/3/2017: £112795 Remaining Balance: £109990.00 Overpayments: £1241.22
    • Kittenkirst
    • By Kittenkirst 7th Jul 17, 9:31 PM
    • 1,570 Posts
    • 8,059 Thanks
    Fantastic numbers on the OP, and well done you for your courage with going to the Police. I really hope it helps you on your road to freedom
    2017 MFW #20 - OP £1884.86/ £2150. 87.6%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £132.24

    Emergency fund £3725]/£6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Swash
    • By Swash 8th Jul 17, 10:36 AM
    • 111 Posts
    • 263 Thanks
    Thanks Kittenkirst!

    I am so excited today. I have just bought some tickets to see Ed Sheeran next year. I always end up missing out on the face value tickets and end up paying hundreds from third party sellers. But I set my alarm to get up for the release time and I managed to get 4 for my brother, his gf and my bf. so that's Christmas presents sorted.

    It's not very MSE but I have wanted to see him live since his first album, so I think it's worth it

    Today I am hoping to get some painting done in my house and then go to my dads for dinner, maybe a BBQ if the weather stays nice.

    Have a lovely Saturday x
    "Nothing is permanent in this wicked world, not even our troubles".

    Mortgage 1/3/2017: £112795 Remaining Balance: £109990.00 Overpayments: £1241.22
    • Swash
    • By Swash 9th Jul 17, 5:49 PM
    • 111 Posts
    • 263 Thanks
    Good afternoon!

    I'm currently lay on the sofa trying to find the courage to drive back to work. I work 4 hours (minimum) away from home so it's always a rubbish journey on a Sunday. I hate it.

    I went to my dads yesterday and had a few drinks. Then I went for breakfast with my lovely friend who is pregnant I paid because I don't see her for months at a time and she has a whole other person to pay for now.

    I can't wait to leave my job. 3.5 months and I'm free! I'll never have to do this journey ever again.

    Hope you've had a great weekend

    Swash x
    "Nothing is permanent in this wicked world, not even our troubles".

    Mortgage 1/3/2017: £112795 Remaining Balance: £109990.00 Overpayments: £1241.22
    • Jessy103
    • By Jessy103 10th Jul 17, 10:46 AM
    • 437 Posts
    • 1,856 Thanks
    Well done on the OP Swash! A 4 hour journey to work?! No wonder you can't wait to finish, that journey must be so stressful for you! Good luck with finding a new job and I hope you get one that is a lot easier on you! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount July 2017 - £62,900.00
    Overpayment Target for 2017 - £5,000 /£3,679.09
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £849.96 August - £255.11 September - £177.22
    • Swash
    • By Swash 10th Jul 17, 1:55 PM
    • 111 Posts
    • 263 Thanks
    Thanks Jessy103

    I live at my workplace through the week so I only get to spend weekends at home. In a few months I can go home every night of the week. I can't wait.

    Well done on your overpayments too! It's such a good feeling isn't it? It just doesn't go down fast enough
    "Nothing is permanent in this wicked world, not even our troubles".

    Mortgage 1/3/2017: £112795 Remaining Balance: £109990.00 Overpayments: £1241.22
    • Swash
    • By Swash 17th Jul 17, 4:28 PM
    • 111 Posts
    • 263 Thanks
    It's been an expensive couple of weeks!

    I've just had to buy my car insurance for £620, added to the Ed Sheeran tickets is a lot of my money gone.

    I've just created a SOA. I'll be honest, some of it I had to guess because since moving into my house, my spending has been erratic to say the least

    Anyway I hope it will give me a better view on how to budget my money.

    Any comments are welcome

    Statement of Affairs & Personal Balance Sheet

    Summary cialis no prescription Monthly Budget Summary buy cialis in usa Amount(£)
    Total monthly income 2,186.42
    Monthly expenses (incl. HP & secured loans) 1,671.45
    Available for debt repayments 514.97
    UNsecured debt repayments 0
    Amount left after debt repayments 514.97
    prednisone 20mg marking Personal Balance Sheet Summary Amount(£)
    Total Assets (things you own) 133,000
    Total Secured & HP Debt -109,990
    Total Unsecured Debt -0
    Net Assets 23,010
    Household Information

    Number of adults in household 1
    Number of children in household 0
    Number of cars owned 1
    Income, Expense, Debt & Asset Details

    Income Amount(£)
    Monthly income after tax 2186.42
    Partners monthly income 0
    Benefits 0
    Other income 0
    Total monthly income 2186.42
    Expenses Amount(£)
    Mortgage 523.9
    Secured/HP loan payments 0
    Rent 0
    Management charge (leasehold property) 0
    Council tax 91
    Electricity 25
    Gas 20
    Oil 0
    Water Rates 20
    Telephone (land line) 0
    Mobile phone 20
    TV Licence 29.1
    Satellite/Cable TV 29
    Internet services 0
    Groceries etc. 100
    Clothing 20
    Petrol/diesel 100
    Road tax 12
    Car Insurance 60
    Car maintenance (including MOT) 20
    Car Parking 3
    Other travel 0
    Childcare/nursery 0
    Other child related expenses 20
    Medical (prescriptions, dentists, opticians etc.) 0
    Pet Insurance/Vet bills 0
    Buildings Insurance 7
    Contents Insurance 7
    Life Assurance 4.45
    Other Insurance 0
    Presents (birthday, christmas etc.) 50
    Haircuts 10
    Entertainment 200
    Holiday 100
    Emergency Fund 200
    Total monthly expenses 1671.45
    Secured & HP Debt Description Debt(£) Monthly(£) APR(%)
    Mortgage 109990 (523.9) 2.84
    Secured & HP Debt totals 109990 - -
    Unsecured Debt Description Debt(£) Monthly(£) APR(%)
    Unsecured Debt totals 0 0 -
    Asset Description Value (£)
    Cash 3000
    House Value (Gross) 125000
    Shares and bonds 1000
    Car(s) 4000
    Other assets (e.g. endowments, jewellery etc) 0
    Total Assets 133000
    "Nothing is permanent in this wicked world, not even our troubles".

    Mortgage 1/3/2017: £112795 Remaining Balance: £109990.00 Overpayments: £1241.22
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