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  • FIRST POST
    • tristana1
    • By tristana1 2nd Dec 17, 11:14 AM
    • 1Posts
    • 4Thanks
    tristana1
    i have a issue
    • #1
    • 2nd Dec 17, 11:14 AM
    i have a issue 2nd Dec 17 at 11:14 AM
    Hello,

    I'm usually found hanging out on the DFW diaries thread as you'll see from my signature we are still tackling debt..

    However, my plan was always to start attacking the mortgage after that, but having just sat down and worked out how much we need to overpay to clear it in time for DH to retire at 65 latest, I think we need to start now!

    I still have to focus on clearing the debt as it's on a slightly higher interest rate, but I don't see any harm in starting to overpay the mortgage a little bit here and there as well. I've found a debt free wannabe diary massively helpful in helping me to focus and curb any unnecessary spending, so here I am!

    I don't expect masses of activity, but every little bit will help!

    We have 14 years left on our mortgage with £118,031.21 left to pay wef today (I just realised I could access this online - will regularly stalk this from now on!) We want it gone by December 2023. We pay £921.60 a month which is effectively my wages - it feels a huge amount as it is, but I know we have to do more.

    Would love some company for the next 9 years!!!
Page 1
    • newgirly
    • By newgirly 2nd Dec 17, 12:02 PM
    • 5,900 Posts
    • 40,646 Thanks
    newgirly
    • #2
    • 2nd Dec 17, 12:02 PM
    • #2
    • 2nd Dec 17, 12:02 PM
    Hi , welcome to the mfw board

    Best of luck with the new diary (can't see your signature by the way ) do you have a lot left to pay debt wise?
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • beanielou
    • By beanielou 2nd Dec 17, 8:15 PM
    • 49,047 Posts
    • 182,128 Thanks
    beanielou
    • #3
    • 2nd Dec 17, 8:15 PM
    • #3
    • 2nd Dec 17, 8:15 PM
    Cant see your sig either.
    Happy shiny new diary
    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***
    • greent
    • By greent 3rd Dec 17, 8:42 AM
    • 6,513 Posts
    • 65,721 Thanks
    greent
    • #4
    • 3rd Dec 17, 8:42 AM
    • #4
    • 3rd Dec 17, 8:42 AM
    Welcome to MFW board!
    x
    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
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £5278/£3286
    Net sales 2017 £1445.57/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
    • louloubelle79
    • By louloubelle79 3rd Dec 17, 1:34 PM
    • 257 Posts
    • 127 Thanks
    louloubelle79
    • #5
    • 3rd Dec 17, 1:34 PM
    • #5
    • 3rd Dec 17, 1:34 PM
    Welcome and good luck with your MF journey
    Hoping to be mortgage free by 2026 age 47
    Current rate 2.79% fixed for 10 years
    Current mortgage end date: 03/10/2043
    MFW Starting Mortgage Jan 17 - £114,703
    2017 OPs £6000
    Jan 2018 balance- £105,923
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