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2009 MF Wannabe's
Comments
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Hi
Number 173 clocking in!
My overpayment for April is £260.98.
My overpayments for this year to date are £318.88.
Hopefully a little bit more later in the month.
TT0 -
Zavarony thanks for updating my numbers on the front page.
Feels good!Please do not confuse me with other gratefulsforhelp. x0 -
No. 180 checking in :j.
Target £15,000
March Paid Off £2089.86
Total Paid Off £8323.02
55.48% of target in 25% of time :j.
(Expensive few months coming up though :eek:)A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effortMortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0 -
Hello everyone. I am new to this site and have spent the last day or two reading through the posts.
I am not sure where to start but in the Mortgage Free thread seemed appropriate.
My reasons for being on here are many but in brief:
I have a long term degenerative spinal condition which has been getting worse since 2001. I am currently in full time employment which brings a good wage, however I do spend a lot if my income on my care and medical needs, and my DD and DS.
Over the last year, since my condition has deterioated, had three small operations to try and alleviate some pain and I am on morphine for the pain which is likely to be long term.
I have small debts, which feel managable (have chosen to put two small purchases on my credit card) and two mortgages, one is my domestic mortgage and one is a buy to let (was my domestic property originally but due to my disability I couldn't live there any longer and decided to rent it out). Bought another place which has disabled/wheelchair facilities and one level of the house is fully contained with a bedsit type layout for when I need it.
So with the degeneration getting worse and much sooner than I expected it has brought a bit of perspective into my life. I have some clear focus on what I want/need to achieve in the next few years and certainly by the time I am 40 (8 years and a few months!!!)
So my objectives are the following and in priority order
1)Pay my BTL mortgage off
a)Current balance of £86,000- Loan to Rate Value approx 78%
b)Current term left 23 years
c)On a fixed rate mortgage Yr1 5.49 Yr 2 6.49 Yr3 7.49 (due to go to 7.49 in Sept 09)
d)Current payments £599 per month and have, this month, started to pay an over payment of an additional £200 per month.
2)Pay off or significantly reduce my second mortgage
a)Current balance £131,000 - Loan to Rate Value 59%
b)Current term left 22 years 5 months
c)On a fixed rate mortgage at 5.49 until Sept 2010.
d)Current payments of £878 per month and have arranged, this month, to increase the payments by £50 per month and have paid off a lump sum of £6000 since July 2008
3)Save £550 per month in various saving pots
a)£50 Stocks and Shares ISA
b)£100 Cash ISA (plus any winnings from the PB which has been the odd £50 or this month £25)
c)£200 premium bonds
d)£200 high interest savings 5% when I set it up, have to put in every month or I loose the bonus
4)Spend as little as possible on shopping and stop wasting food.
5)Spend the time I am unable to work (i.e today) making some extra cash. I had my latest operation on Tuesday so am very imobile. Looking at the possible options of
a)Ebay
b)Free credits for things like Bingo (won £50 on a online Bingo a few weeks ago with a free £20.00 stake- had to put in £5.00 to be able to make a withdrawal so banked £48.00)
c)Online money saving/gaining like surveys, etc.
d)Anything else you can suggest.
I think in 8 years or so I will really be struggling to work full time and so need to be as financially secure as possible and for me this means having no mortgage (or as least as possible) and having some savings for emergancy care.
To sum up, I am really on here to look for other ways in which you can suggest I can get the mortgages down and to earn some extra pennies whilst I am unable to move around, therefore I need to utilise the internet.
Can I please have a MFW number and I look forward to hearing some of your suggestions.
Thank you0 -
Heres the totals for March and Year to Date so Far - What a fab figure!!!!!!
.....................................2009 OVERPAYMENT TARGET MONTH TOTAL YEAR TO DATE
1. Nikki_S - £2500 / £ / £1000
2. Poppyoscar -£2000 / £ / £323.37
3. SPL - £5000/ £ /£972.65
4. Elantan - £2000/ £ /£500
5. Newmoneysaver - £2000
6. Lumpy Custard -
7. Wheelies -
8. Daft Pegasus - £6000 / / £2844.94
9. Ms Cat -
10 MF2015 -
11. Hummingbird - £1000
12. TEENY -
13. Bellsbells - £400/ £30 /£90
14. Atypicalblonde - £6000
15. Frugalfreda -
16. Di-Dough - £2009/ £131.79 /£355.37
17. CountingPenniesClaire - £22200 / £2150 / £5150
18. Violet Blue - £5000 / £490.89 /£2246.27
19. Belfastgirl23 - £3000/ £ / £710
20. LouiseJ - £6480/ £146 /£1226
21. Thriftyget -
22. Jay1 -
23. Squiggly Diddly -
24. Kazzieg -
25. Zavarony - £5000/ £140 /£1280
26. Stripey Cheese Skirt -
27. SALTY69 -
28. Emma_Nottingham - Reduce mortgage to £65,500 & OP £4500 extra/ £1202.28 / £4438.43
29. Macka0 -
30. Kezza12 -£3200/ £280 / £820
31. Lifebegins -£10,000
32. Shopgirl2512 - £1000
33. Chrisbee -
34. Sheslookinhot -£6800/ £565 /£1695
35. Intheblackfinally -
36. DrGUID -
37. Lauren565 -
38. Cazzdevil -
39. Twinklie -
40. Alion - £10000 / £6000 / £6500
41. Aliportico -
42. Steveswift -
43. Tootallulah - £5000/ £/£176.60
44. Angel81uk -
45. Howskint? - £7400
46. Freaky-di -
47. Broomstick27 -
48. Gazella77 - £3000/ £700 /£6840
49. Alli_baba2 - £6000
50. Loomacdon -
51. Bargainhunter - £3000/ £/£770.23
52. I,m Sad -
53. Clockwatcher -
54. Maximumtime -
55. Hawksmuir - £1000
56. Courgette - OP by max 10%
57. Sofasurfer -
58. Teasel26 -
59. 49clare -
60. ShakyStoozer -
61. ShreksBodyDouble - £700
62. IDN101 -
63. Sosh - £10,000/ £1729.44 /£5128.11
64. Oggieinglos -
65. Steve-o -
66. Daisydog -
67. Skint2008 -
68. Mischiefmaker -£1000
69. Courgette -
70. Gillybean -
71. Birdstill -
72. Bigadd -
73. Bubblette -
74. Gustavlebon -
75. Pollys - £7860/ £2025 / £3775
76. Savvymummy - £600/ £ /£100
77. Overthetop - £6000/ £964 / £2848
78. Snaggles -
79. Oompahloompah -
80. Dingling68 -
81. Abouttimetoo - £7000/ £500 /£1500
82. Sreppaw -
83. Aliwal - £2000
84. Zebedy - £7000/ £400 / £1100
85. Mustafa Say Ving -£5000/ £782 /£1879
86. Mrs Binsky -
87. Mitchg -
88. Shawtj2 -
89. Bedhair - £2000
90. Redmadcurls -
91. Moneysavingwannabe - £1500/ £ /£88.96
92. Ilovecookies -
93. Warrior Princess -Reduce Mortgage to 145,000 , offset - 55,000 / £ / £7000
94. Fuzzipeg -
95. Shirlgirl - mortgage free in 2009/ £ /£1011.90
96. SuiDreams -
97. Welshlassie - £2500/ £ /£251.97
98. *Jobags* - £2700
99. Laurar3 -
100. Cookie334 -
101. Petscomer176 -
102. Hels50 -
103. Vespa Rider -
104. Fluffysox - £6000/ £730 /£3796.25
105. AJ1982 -
106. Noodles42 - £4000/ £490 /£1340
107. Gifford -
108. Sportyjd -
109. Tro127 - £1200
110. TurnaroundSue - £1800
111. LindsayO -
112. Floxxie - Reduce mortgage to £65.5k by end 2009/ £ / £14723
113. Lilmil -
114. Sunny Donny -£250/ £40 /£80
115. Ferguwat - £500/£120 /£345
116. Nic283 -
117. Want2beMF -
118. Shineyhappy -
119. Herewegoagain -OP by £6000, save £3,500
120. Llydaw - £6000/ £200 / £1075.92
121. SnaxO -
122. PsychoPrincess -
123. Zekepes -
124. Newbird -
125. Lunar Eclipse -£12,000
126. 2latenow - Re/Overpayments of at least £10k/ £1019.95 /£2019.95
127. Gladriel - £600
128. Optimisticpair -
129. Nellis10 -
130. Moominyak - £1000
131. Bernlyn -
132. Lilac Pixie - £1500
133. Moniker - £6000/ £500 / £1500
134. Polesana -
135. Little Orange -
136. Montillababe -
137. Leokiss -
137. LA83 -
138. Fivefifty -
139. Topov -
140. Debjk -
141. Sky-blue pink - £2220/ £185 /£555
142. Julie - £4000
143. I, Brian -
144. Jexybird - £20k / £2000.27 / £5001.31
145. Lizziebell*80 -
146. Samantha1985 -
147. Earthgirl -
148. Gaz2202 -
149. J4m35 - £6000
150. Maslowe - £1200
151. Kevjarvisuni -
152. Kazzys51 -
153. Longway2go -
154. Cake21 - £7311 / £559 / £4042
155. Frazzmunch - £2600/ £ /£718
156. TraceyJ -
157. Uzubairu - Reduce mortgage to £88K/ £600 /£2005
158. Waves117 - £6000/ £750 / £7859
159. Nuzzie -
160. Lister -
161. Licapica -
162. Ema_O - £3000
163. Mortgageslayer - Reduce Mortgage to £100k
164. Trudypretty -
165. AuntieH - £1000 / £131.69 / £256.44
166. Davies0121 - £6000/ £500 /£1500
167. TOPAZ - Reduce Mortgage to £150k/ £1631 /£5789
168. Switchychick - £24,000/ £1208 /£2880.38
169. Financialbliss - £3800/ £301.97 /£905.91
170. Tiredredhead - £10,000
171. Keld - £3300 / £ / £254.91
172. Elliemoo - £1200/ £300 / £500
173. Treacle Toes - £1240 / £ / £57.90
174. Clareb27 - £16800
175. Kiwigirl - £1200
176. Wabbits - £6000/ £1000 /£3000
177. FrankieM - Reduce mortgage to £153k
178. Madwife28 - £6000/ £500 / £1500
179. rinkydinkpanther - £30,000/ £1279 /£9779
180. Gallygirl - reduce mortgage by £15k/ £2089.86 / £8323.02
181. Gillian46 - £3000/ £532.43 /£1440.49
182. Phizzimum - reduce mortgage to £82k/89020
183. PM2326 - £960/ £80 / £240
184. Bumpybecky - Reduce mortgage to 80k
185. MrsMcK -£15,000 / / £8500
186. Applescrumper - £18,000
187. Zed42 - £6000
188. ShelleyC - £14000 / £/ £11000
189. EssexHebridean - OP by 25%
190. A-MS - £12716 left on mortgage/ £ / £2800.84
191. iKennett - Start making OP's in 2009
192. Frugal Moose - £6000 / / £1023
193. cheeryoleary - Clear £24k Mortgage by 7/10/09/ Current Balance £ / Paid YTD £5172
194. Benson - £6000
195. Llydaw - £5000
196. Keep it Simple - £5400
197. earthgirl - £12,000
198. DebtfreeDreamer - £3000
199. MrBlackCat - £3500/ £ /£1000
200. Aaargh - £3500/ £323 / £935
201. MattyNeth - Reduce Mortgage to £100k / current mortgage £105543
202. Biffyb - £4200 / £200 / £200
203. SmileyG - £3000/ £250 /£750
204. Newty428 - £6000/ £500 /£1500
205. eco farmer - £12,000
206. oojakapipi - £1200/ £ /£120
207. thrifty2009 - £10,000
208. jackie_w - £3000
209. kazvinney - £1000/ £80 / £240
210. kizzie01 - £1800/ £198.26 / £372.26
211. mountainlioness - £4000
212. talana - £6000 / £1600 / £1600
213. Westondave - £2400/£/£565
214. jollybabe - £1050/ £30 / £90
215. Lynn11 - £4000/£/£1000
216. Longway2go - Reduce mortgage by £10k/ £ /£386.24
217. jackiegibbo - £3900/ £225 /£900
218. AvidSaver - £6000/ £1127 /£2625
219. Dial8d - Reduce Mortgage to £142k
220. Shell1000 - £1500/ £ /£300
221. Chasingbutterflies - £3000
222. vwchris - Reduce mortgage to £148k/ £900 / £2740
223. l.m.hart - £1000/ £248 /£593
224. CraftyDeb - £1000
225. want2bmortgage3 - £1200 / £100 / £200
226. happilass - Reduce mortgage by £10,800 / £ / £2000
227. SHOULDI - Reduce mortgage by £21,240
228. Rosietiger - £12,000/ £6150 /£8850
229. waughc01 - £5000/ £ / £2400
230. jay dee - £6000 / £500 / £1000
231. rumncoke - £14,200/ £10586 /£11949
232. thriftyscotslass - £2000 / £120 / £120
233. Numenor - £3000/ £ /£400
234. Helga14 - £4000
235. missthrifty - £1000/ £80 / £240
236. Yorkshirelass - £520
237. Gaggyball - £1200
238. mothershipton - £6000/£500/£1500
239. glitterball - £3500/ £987.92 /£1593.32
240. kittykat - £20,000
241. Little Mama - £3500/ £683.73 /£2896.89
242. Prudence41 - £6000/ £500 / £1500
243. Thriftyknickers - £6000/ £500 /£1500
244. savlad - £30,000/ £2500 /£7500
245. john_mac83 - £8000
246. savingfortravel - £41,524
247. Sammygirl - £2000
248. ice fairy - £1320
249. RoxieW - £14,000
250. Mmox_2000 - £1200
251. Chunters_a_lot - £1200/ £ / £200
252. Grumpy_Git - £8000
253. Jesthar - £1800
254. Noobysaver - £9000
255. Mr Pickwick - £16,000/ £1376.81 /£4022.68
256. nattypants - £1100
257. yogismum - £4800/£ /£350
258. Gill5blue - £6308.27
259. Maureen100 - £7000
260. elisamoose - £3600
261. meganick - £1200/£/£100
262. alibell2003 - £3000/£/169.25
263. Little Miss Saver - £1000/£/£200
264. ameldridge - £3,600/£/£0.00
265. ScorpioSphinx - £4000
266. Katie_p - £6000/ £24.82 /£487
267. crazy_lady2009 - £3180/ £ /£200
268. loue79 - £2000
269. katiegizmo - £1500/ £10 / £40
270. wannasavemoney - £10,000/ £ / £864
271. blueberrypie - £6000/ £ /£3000
272. budget_budd - £600 / £50 / £200
273. LA83 - £2500
274. Wildfrog - £1000/ £50 /£350
275. MFDream - £15180/ £ / £2025
276. AuntieH - £1000//
277. ch1ca - £5000/ £3194.11 / £5354.11
278. skint_chick - £10k/ £ /£5000
279. tutti - £5200 / £475 / £645
280. Sleepyhead - £8000 / £900 / £4500
281. tammy20 - £12,500 / £250 / £10250
282. gratefulforhelp - £1000 / £85 / £170
283. JayZed - £6700 / £ / £1000
284. Russppt - reduce mortgage to £159k / £ / £
285. Emsky123 - £1000 / £200 / £400
286. Cheapoman - £2500 / £286 / £719.74
287. Littlemisskitty - £600 / /
288. cha97michelle - £2000 / £54.06 / £108.12
289. Louba - £7992 / /
290. wantabetterlife - £1000 / £150 / £360
291. cira9teen7te - £1200 / £ / £90
292. seroxat_chick - £1500 / £200 / £200
293. deaks - £12000/ £ / £1998
294. Mfwin2019 - £1000 / /
295. 1trainer1 - £10000 / £2000 / £2000
296. whathavewedone - £6000 / /
297. Tesco points addict - £10k / £2800 / £6650
TOTAL OP'D YTD - £276,174MFW 2010 Challenge (No 68) - £133.29/ £5000MFITT2 Challenge - (No 181) - Target Reduce mortgage to £130,000Mortgage @ 1.8.09 - £161160 :eek: @1.12.09 - £159052 :eek: @ 1.2.10 £157,3630 -
Having been a long-time lurker I would like to become an official MFW. I only have a £30K interest only mortgage, but it finishes in a few years time and the endowment policy which covers it is part of matrimonial property which has so far taken 10 years NOT to sort out.
Another story, but in a way the whole story. I will not physically pay off the mortgage until I know that it will be recognised when my divorce finally comes to court. What I am doing is putting my money into ISAs, Premium Bonds (feel lucky!) and savings accounts. I know if would make more sense financially to pay off the mortgage, but with the setbacks I have had in the matrimonial situation, I don't feel I can take the risk. Cash is King. The other problem is that my mortgage company, the Royal Bank of Scotland ho ho, will only credit the account at the end of each year, so rather than pay now I save now in the hope that the legal situation will be sorted at year-end.
I work selling a luxury top-end product and work from home in a very rural location. I feel a little isolated really but over the last ten years I have learned to live like a pauper but still live life to the full. I admire you all and hope that in some small way I can contribute here.
Like a lot of you I am worried for my job, but it is so far out of my own control that the only thing to do is just get on with it!0 -
:wave: Hi lovin savin and slopalong happily- welcome to our thread, I have added you to the first post, if you let me know a target I will add this for you also.
lovin savin - Well done for taking control and planning for your future, Im sure it must be a scary prospect, there are loads of fab MFW's on this thread who I am sure will have some great ideas of how you can make extra payments, along with a whole host of other threads dedicating to making and saving money.
I notice you mentioned premium bonds - theres an article on the front page that might help you to work out potential return on investment and you might find it a better option to up one of the other savings plans you have or your BTL mortgage as you may well be saving more by paying off your mortgage than you will be earning on savings, theres loads of calculators around that you can use to help you work out how much difference any OP's can make to you - if you google egg mortgage calculator or bbc mortgage calculator, both are pretty simple to use and might give you a good idea,
slopalongplacidly - It sounds like a complicated situation you got yourself there!! welcome though, hope we can be of help
Any way keep readin and posting, Im sure you'll get loads of ideas and motivation
GOOD LUCK
Zav:TMFW 2010 Challenge (No 68) - £133.29/ £5000MFITT2 Challenge - (No 181) - Target Reduce mortgage to £130,000Mortgage @ 1.8.09 - £161160 :eek: @1.12.09 - £159052 :eek: @ 1.2.10 £157,3630 -
Hi Zav, thanks for your warm welcome to this board and for your reply to my posting.
I am a little reluctant to up my S&S ISA at the moment as I am only a medium risk investor and this feels comfortable. I am investing for 10 years minimum and to be honest the reason I did just £50 per month over 10 years was because I equated this to being one family meal out per month, or a new pair of trainers.
I did speak to a financial advisor only last week and we discussed increasing this to at least another £250 per month in this S&S ISA, however I don't feel I can invest this much more, perhaps a little more, another £25 per month and see how I feel.
The premium bonds value have been everything from £20,000 to £15 and now up to £5000. Last month I won £50 and this month £25 so much more than the interest I would recieve.
By the end of the year my cash ISA will be at the maximum (2009-2010) £3600. At the moment the interest rate is a measley 0.5% so I am going to be looking to transfer this into a better rate one. Not sure how I go about this.
Do I just open a new ISA with a higher paying institute. I know not to close the account and I transfer or something but if you are able to take me through the process.
Thank you0 -
hi, 238 reporting in, Just paid another £500 so that bring yearly total to £2000. Have also reduced term on mortgage and should be repaid by the end of 2016 if not earlier.Grocery Challenge Feb 16 £346 /4000
-
Hi,
reporting in for March have paid £690 this month therefore £2,690 so far therfore £8110 by 31/12/09. We will be upping the payments more from about August as we have some commitments to deal with in the earlier part of the year. However I feel that we are doing well so far and may even pass our target by the end of the year.
Happi0
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