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  • FIRST POST
    • Betterthanever
    • By Betterthanever 1st Sep 17, 1:17 PM
    • 279Posts
    • 1,097Thanks
    Betterthanever
    New but not new!
    • #1
    • 1st Sep 17, 1:17 PM
    New but not new! 1st Sep 17 at 1:17 PM
    Hi! I'm a re-joining member of old.....and whilst I'm reluctant to give up my previous 10,000 post count, I also don't fancy ex husband following my every move as I go into this next exciting chapter of life! I was a DFW stalwart for years, but am pleased to announce am on the MFW journey....with vigour

    I've not been on the boards for a while but it's lovely to see some familiar names and it's comforting having made the decision to come back!

    I'm mid 40s, kids are grown up and more or less independent (one just moved out and one still creating mess at home). I'm lucky enough to have met a fabulous man who was mad enough to marry me a couple of years ago, and life is just the best.

    The house is mine as I bought ex-h out in the divorce, which means the mortgage is also mine. We have plans and desires to start reducing our working stresses in 5 years time and oh can start drawing his lump sum and his pension then if he wishes. As we both lost out dads at 55, we are mindful of the fact we are not here forever. On the other hand we are fit and healthy so would hope to have a good few years to enjoy life ahead of us.

    We love to spend time together and travel and want to do more of this without being tied into 5 weeks annual leave allowance!

    So....all this starts with the fact my fixed rate comes to an end soon. I can switch on 31st October. The remaining term should be 11 years but I've done my calculations and reckon if I take a 5 year fixed rate, I can finish it off when that comes to an end....taking me to 52 and OH to 56 so still plenty of years ahead of us for living!

    My starting point is a current mortgage figure of £116,879.11. It's no small challenge but I'm no stranger to that and I'm going to enjoy this one an awful lot

    I feel like I've come home.....
Page 9
    • Betterthanever
    • By Betterthanever 30th Sep 17, 12:54 PM
    • 279 Posts
    • 1,097 Thanks
    Betterthanever
    It will be there when you're ready, KC. Just give me a shout when you can fit it in and I'll be happy to help. I've got another £10 about to come from there too....I have been very pleasantly surprised. Also cashed in a massive £1.43 to PayPal from qmee last night. May only be a little but it's now happily nestled in my money for nothing account.

    And the sun is shining. Happy Saturday!!
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • Betterthanever
    • By Betterthanever 1st Oct 17, 1:49 PM
    • 279 Posts
    • 1,097 Thanks
    Betterthanever
    Totals for online earnings the Mse way amounted to just over £95 in September. Not a bad start and certainly more than I expected. I am aiming for £50 a month, which over the 5 years of this challenge would give me £3000 of "money for nothing" which we can put towards travelling and doing exciting things once the mortgage is clear.

    It's a good start.

    Happy new month too...although because today is not a working day, my mortgage doesn't go out until tomorrow and I can't update the snowball until then.

    Only one month now until I can remortgage.....can't come quickly enough!!!

    Oh, and on the last day of September I failed. I bought 2 pairs of sandals in the sale for Abu Dhabi......
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • beanielou
    • By beanielou 1st Oct 17, 1:53 PM
    • 47,707 Posts
    • 173,037 Thanks
    beanielou
    You dident fail.
    You just dident quite manage it!
    £95 is great in month.
    You are on fire
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Betterthanever
    • By Betterthanever 1st Oct 17, 2:30 PM
    • 279 Posts
    • 1,097 Thanks
    Betterthanever
    Haha I love that. You're right....I just didn't quite make it. On the plus side, it means I don't need to buy any in October!

    I've scanned some books into ziffit to give that a try for the first time. I'll report back in due course but I do need to find an appropriate box to pack them into first!!
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • Betterthanever
    • By Betterthanever 1st Oct 17, 4:23 PM
    • 279 Posts
    • 1,097 Thanks
    Betterthanever
    Just been to the supermarket. Used a £2.59 voucher and have got £18.85 to come back from shopmium. Got to love free coffee, cereals and bread. Am chuffed to bits
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • beanielou
    • By beanielou 1st Oct 17, 7:08 PM
    • 47,707 Posts
    • 173,037 Thanks
    beanielou
    Great result
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • pinkypig
    • By pinkypig 1st Oct 17, 9:46 PM
    • 643 Posts
    • 5,958 Thanks
    pinkypig
    Your 'free money' earnings are brilliant!
    • Betterthanever
    • By Betterthanever 1st Oct 17, 10:44 PM
    • 279 Posts
    • 1,097 Thanks
    Betterthanever
    When I think of what I used to do last time I was here, this is nothing! I'm happy with this level though and if I can get anywhere close to sustaining it, I shall be very happy indeed over the course of the next 5 years.

    If only I'd kept it up in the interim few years!!
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • Betterthanever
    • By Betterthanever 2nd Oct 17, 8:49 AM
    • 279 Posts
    • 1,097 Thanks
    Betterthanever
    Mortgage payment has gone out and signature has been updated. I now only need £114,913.98 to be mortgage neutral.
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • Karmacat
    • By Karmacat 2nd Oct 17, 9:40 AM
    • 27,841 Posts
    • 152,570 Thanks
    Karmacat
    Well done on all counts! And I'm sure you needed those interim years free of dfw/mfw, it's only fair

    Roll on mortgage neutrality.
    Retired August 2016
    • Keeping Motivated
    • By Keeping Motivated 2nd Oct 17, 9:44 AM
    • 3,549 Posts
    • 11,682 Thanks
    Keeping Motivated
    Hi

    I remember you from first time round, welcome back

    Your new diary is already inspiring me.

    I also want to start looking at paying my mortgage off early once I've sorted out my remortgage etc

    Can I just ask, are you saving rather than actually overpaying the mortgage?
    3-6 Mth EF #24 - £6000/£6000 Next Target £3790/£6000
    • Betterthanever
    • By Betterthanever 2nd Oct 17, 1:13 PM
    • 279 Posts
    • 1,097 Thanks
    Betterthanever
    Hi KM! I remember you too!! I'm doing a bit of both....I shall be overpaying the allowed 10% each year but am also building up a bit of a savings pot as I don't have one. I have spent all my last few years surplus on the kids, the divorce, and then on the wedding!! DJ has savings so it's not like we have no emergency provision, bit I'd quite like to have a reserve of my own too. At the end of the 5 year fixed term, it can then be used to clear the balance of the mortgage without penalty, and will hopefully also allow a couple of decent holidays then too.

    And of course, it's just a security thing. Not just for me but for the kids.....at the moment the Bank of mum isn't full of spare funds!!
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • Keeping Motivated
    • By Keeping Motivated 2nd Oct 17, 2:06 PM
    • 3,549 Posts
    • 11,682 Thanks
    Keeping Motivated
    Sounds like a good plan and you deserve to feel the benefit of that security after all your hard work over the years to keep the family afloat!

    So I take it you've decided to switch to a 5 year fix? I've just decided on a 2 year fix its a gamble i guess.
    3-6 Mth EF #24 - £6000/£6000 Next Target £3790/£6000
    • Betterthanever
    • By Betterthanever 2nd Oct 17, 3:53 PM
    • 279 Posts
    • 1,097 Thanks
    Betterthanever
    Yup, a five year fix will hopefully take me to the end of the mortgage so it seems a good target for me to work to. I certainly can't see deals being any better than they are now, so I may as well fix for as long as I can. Plus, it gives me that certainty of knowing what is coming out of my bank account every month, which makes producing a mega spreadsheet for the 5 years much easier!


    But I've not yet got it......they won't let me arrange it for another few weeks, so rates could yet go up.....
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • Betterthanever
    • By Betterthanever 2nd Oct 17, 7:03 PM
    • 279 Posts
    • 1,097 Thanks
    Betterthanever
    And another £5 requested from SB....plus a £50 win on a bingo sign up....had to wager through and got lucky so swipes that straight back into my bank account before I could be tempted to play again! That's October's challenge target met already....it will be exciting to see how much I get in total for the month now!!
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • pinkypig
    • By pinkypig 2nd Oct 17, 8:47 PM
    • 643 Posts
    • 5,958 Thanks
    pinkypig
    I hadn't realised that are goals are so aligned. My target was £112,000 in 7 years so I have the option of early retirement but then I started my diary, my addiction took hold and I'm now going for 5 years
    Looking forward to crossing the finishing line with you

    PP x
    • Betterthanever
    • By Betterthanever 3rd Oct 17, 8:28 AM
    • 279 Posts
    • 1,097 Thanks
    Betterthanever
    Race ya, pinkypig!!
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • Betterthanever
    • By Betterthanever 3rd Oct 17, 8:29 AM
    • 279 Posts
    • 1,097 Thanks
    Betterthanever
    So.....£1.25 cashback requested from quidco this morning, a £3 reward in my current account, a whole 35p interest elsewhere and £1.80 saved on bus fare as I got a lift with a neighbour to work.


    It's a start!
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • beanielou
    • By beanielou 3rd Oct 17, 11:02 AM
    • 47,707 Posts
    • 173,037 Thanks
    beanielou
    A blooming good start
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Karmacat
    • By Karmacat 3rd Oct 17, 12:52 PM
    • 27,841 Posts
    • 152,570 Thanks
    Karmacat
    And thats what we mean when we say the little things add up! Yay! I'm waiting for my Asda order to arrive, so I might do a monthly stocktake of dosh. Watch this space (well, that space, over there, you know the one ).
    Retired August 2016
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