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  • FIRST POST
    • Merchandiser2367
    • By Merchandiser2367 16th Oct 17, 7:32 PM
    • 140Posts
    • 954Thanks
    Merchandiser2367
    Aldi Beans
    • #1
    • 16th Oct 17, 7:32 PM
    Aldi Beans 16th Oct 17 at 7:32 PM
    Funny title for a thread!

    But, it underlines how much we have changed/cut back etc - throwing it all at the mortgage.

    I always said we would always have Heinz beans, i think they have been the last thing to go to save cash.....and Aldi beans aren't actually that bad!

    Some of the Other MANY things we have done


    -Got rid of sky - bought a freesat box of gumtree for £20 - Save £20 a month!
    -Shop at Aldi for 90% of our shop compared to old Tesco
    - Stopped buying kitchen roll (save about £8 a month!)
    - Take cash out for a week and ONLY spend that much.....debit cards are bad for overspending.....having the cash in your hand, you realise how much you've got left for that week.
    -Always use Martin's Money Mantra - if you don't need it, don't buy it.....amazing how much this saves

    We are hoping to pay off our 21 year, £146,500 mortgage in just under 5 years.

    We know it's all about being strict but we have this massive light at the end of the tunnel about doing things, going on holidays etc that we could never dream of AND being financially secure knowing our house is ours and we have absolutely no debts at all.

    Just thought i'd share our story presently, been fascinating reading all of yours as well
    Last edited by Merchandiser2367; 19-10-2017 at 11:41 AM.
Page 3
    • Betterthanever
    • By Betterthanever 5th Nov 17, 10:27 AM
    • 487 Posts
    • 2,838 Thanks
    Betterthanever
    The other benefit of batched cooking from scratch is that you know exactly what is in it. I wouldn't return to jars, and I can vouch for the fact that it works out cheaper.

    Things like shepherd's pie, chili's, stuffed peppers, spaghetti Bolognese......all done from the same base of one massive pot of mince/tomato/onion base....then portion off and add the extra bits that are specific to that particular dish eg chili, garlic, peppers, potatoes, kidney beans etc.

    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 = £62.22/£2018
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • Merchandiser2367
    • By Merchandiser2367 5th Nov 17, 7:19 PM
    • 140 Posts
    • 954 Thanks
    Merchandiser2367
    The other benefit of batched cooking from scratch is that you know exactly what is in it. I wouldn't return to jars, and I can vouch for the fact that it works out cheaper.

    Things like shepherd's pie, chili's, stuffed peppers, spaghetti Bolognese......all done from the same base of one massive pot of mince/tomato/onion base....then portion off and add the extra bits that are specific to that particular dish eg chili, garlic, peppers, potatoes, kidney beans etc.
    Originally posted by Betterthanever
    Thanks for this, I'll have to put it on our to do list and compare to what we normally spend. I know it will also be healthier as you mention so is another reason to try it
    Original mortgage 16/10/2017 - £146500
    Current Total - 11/01/2018 - £139117
    5 year fix - Aiming to overpay £1722 at least a month
    MFW by December 2022
    £10,000 / £10,000 Savings by 1/11/17
    • Merchandiser2367
    • By Merchandiser2367 15th Nov 17, 2:20 PM
    • 140 Posts
    • 954 Thanks
    Merchandiser2367
    Afternoon All

    Been a little while since I posted but everything is ticking over, well mostly!

    My action plan of new current accounts for switching and high interest savings accounts are still on hold until I have the new mortgage confirmation in my hand. It has all pretty much gone through, we have signed the physical document and sent back, just waiting for the 100% green light, better safe than sorry by affecting my credit rating in case it is needed!

    Bit of bad news that my wife's department at work has been affected by redundancy announcements. It only seems to be middle management currently but could affect her level at some point so there is a bit of uncertainty there that is never great but that is exactly why we saved the £10,000 emergency fund I guess! We are going to continue with our overpayment plan unless we hear something in the future that does affect her.

    Some good news, we made our first over payment of £380 yesterday! Whoop! Less than originally thought but needed to get the emergency fund to the £10,000 level, we also spent quite a bit on xmas decorations this year as our daughter has turned 3 and want to have some half decent ones we can add to each year now Hoping to overpay around £1850 next month and continue at around that level for as long as possible.

    The matched betting seems to be going ok as well.....a lot to take in at first but slowly getting my head round it all. With anything that is new, takes a while to get used to all the different aspects and terminology etc + it needs to be tracked 100% all the time as very easy to get lost with what bets are on and where, what balance you have at certain bookies etc but I think it will get easier with time once i'm into a proper routine and actions are second nature rather than having to think about each and every action as totally new to it all. If I can make £100 profit a week, I'd be very happy with this.

    Anyway, hope everyone on MFW is doing good and smashing that mortgage!
    Original mortgage 16/10/2017 - £146500
    Current Total - 11/01/2018 - £139117
    5 year fix - Aiming to overpay £1722 at least a month
    MFW by December 2022
    £10,000 / £10,000 Savings by 1/11/17
    • greent
    • By greent 17th Nov 17, 10:22 AM
    • 6,653 Posts
    • 67,701 Thanks
    greent
    Great news re first OP! - fab start
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 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) £0/£4000
    Net sales 2018 £17.38/£1000 PAYDOX18 £0/£30k ?? Decluttered 136/2018 items
    • Merchandiser2367
    • By Merchandiser2367 19th Nov 17, 8:32 PM
    • 140 Posts
    • 954 Thanks
    Merchandiser2367
    Great news re first OP! - fab start
    Originally posted by greent
    Thanks GT, APPRECIATED!!
    Original mortgage 16/10/2017 - £146500
    Current Total - 11/01/2018 - £139117
    5 year fix - Aiming to overpay £1722 at least a month
    MFW by December 2022
    £10,000 / £10,000 Savings by 1/11/17
    • Betterthanever
    • By Betterthanever 19th Nov 17, 9:42 PM
    • 487 Posts
    • 2,838 Thanks
    Betterthanever
    It's all looking mighty fine from here!!

    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 = £62.22/£2018
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • Merchandiser2367
    • By Merchandiser2367 11th Jan 18, 2:15 PM
    • 140 Posts
    • 954 Thanks
    Merchandiser2367
    Afternoon all,

    It's been a while since I last posted and a few ups and downs!! Was made redundant just before Xmas so was a bit of a black cloud hanging over the Xmas period which was not great but we still had a good one.

    All the time it was in the back of my mind......if I am out of work for 'X' number of months.....will delay the mortgage free end date!!

    But luckily have managed to find a new job on nearly same wage so all is ok - also no gap in employment so end date not affected as yet

    Good news on the mortgage front, we have over paid roughly £6k since November 1st when we got our new 5 year fix so we are going stongly even with the job issues.

    Hope everyone else's MF journey's are also going well
    Original mortgage 16/10/2017 - £146500
    Current Total - 11/01/2018 - £139117
    5 year fix - Aiming to overpay £1722 at least a month
    MFW by December 2022
    £10,000 / £10,000 Savings by 1/11/17
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