The Mortgage Free in Three - Take 2 challenge (MFiT-T2)

loopy-juice

I am due my annual mortgage details from NW very soon. Will there be a change in my mortgage payments as there is every year?

Double_Trouble

loopy-juice wrote: »

Well done! Where did the extra dough come from?

mystery shopping, cashback, bingo, scratchcards, and being really careful over Christmas.

It's going to get harder though.

DTxx

uzubairu

loopy-juice wrote: »

I am due my annual mortgage details from NW very soon.

So am I.

It's like an end of year school report for me.

taxi73

Double_Trouble wrote: »

Just a quick update for me as it is the end of the first month I have paid off £1334.98 which I am really happy about although that is behind target percentage wise I am in fact ahead of target according to my plan - with only being paid every 6 months I intend to make large payments at the beginning of May and the beginning of November and in the meantime just find as much as I can for the months in between - the aim is £500 per month so I have already smashed that this month :j it won't happen every month but so far so good:D

DTxx

Great going DT:T:T:T:T

TheBees

Hello everyone - this is our first post of the new year. I'm really jealous of some of the huge overpayments some of you are making. At present we are saving £190 per month into a savings account and plan to make a capital repayment in the middle and end of the year to total £3000 ish. Our two months free of council tax will go into this account and any extra spare cash and the money from our £2 coins savings too. I've had a 3 month contract with a supermarket which finishes at the end of January. At the moment we don't know who's going to be kept on but I'd really like to stay as that would mean we could overpay all my extra wages.

We could save a lot more if we didn't go on holiday! :mad: However with two teenagers (13 & 16) we want to strike a balance between having a normal family life and saving like mad. They'll move out one day so I want them to enjoy sharing holidays with us until they decide they're too old or we're too boring for them! :rotfl:

Anyway, good luck everyone. This snowy weather's great for stopping me spending!

zavarony

uzubairu wrote: »

I always try to use Quidco when making purchases.
It soon adds up.

Even when I am in a real shop and see an item I am planning/wanting to buy, I will think 'Can I buy this online and get cashback?'
If the answer is 'Yes' I make the purchase online when I get home.

Since joining in November 2006, I have received £1,578 from Quidco alone.
I do use other cashback sites (another £400 from them), but from my experience even with a £5 fee Quidco has been the one that hasn't let me down at all.

I'm with you all the way on this one - i never buy in a shop if I can buy the same thing for the same price (or usually less) online with cashback - I've had £900 ish from quidco in the last 2 years and most of it gets funnelled away into the OP pot!!.

I've made our first op OF £15.32 yesterday - it's not much but i rounded what was left in our current account down to a nice round £200 and transferred the odd amount over :rotfl: just felt like I needed to make a start :D I must phone and increase my regular payments asap......
Zav

taxi73

Everyone is doing well..keep it up.

Little_Mama

TheBees wrote: »

We could save a lot more if we didn't go on holiday! :mad: However with two teenagers (13 & 16) we want to strike a balance between having a normal family life and saving like mad. They'll move out one day so I want them to enjoy sharing holidays with us until they decide they're too old or we're too boring for them! :rotfl:

Quite agree, we've just parted with a very large sum _pale_ but it's important to us and our children to have that time together and do magical things with them. We've told our two that we will be saving hard when we get back, they are both under 10 but they know our goals and respect those.

It's all about that happy balance, life's too short......but I'll be looking on the OS board for meal planning tips and will have RSI from dailyclicking! :rotfl:

LM

p.s. good luck on the job front.

taxi73

Little_Mama wrote: »

Quite agree, we've just parted with a very large sum _pale_ but it's important to us and our children to have that time together and do magical things with them. We've told our two that we will be saving hard when we get back, they are both under 10 but they know our goals and respect those.

It's all about that happy balance, life's too short......but I'll be looking on the OS board for meal planning tips and will have RSI from dailyclicking! :rotfl:

LM

p.s. good luck on the job front.

I totally agree with the balance thing.There are some things we can't cut back on and others taht are easier to give up.It's all down to choice in the end.

Kaz2904

Well I have just had a nice surprise. I keep putting off looking at all of our accounts because I hate to think how much we have spent from DH's inheritance that is supposed to be kept in a savings pot. Since he got it, we've bought 3 new (to us) cars, done lots of work on our house and had 4 foreign holidays. Needless to say, I was extremely chuffed to learn that we owed them £200 less than I thought.
I need to rejig how I'll be paying everything off as I need to pay my Mum her money back now rather than later on. This means that the money I have in savings to pay her (£3000) will go straight to her. Then I will overpay my mortgage by £500 less each month. This money will go to her and she will be paid off after 22 payments. Then we will rejig what we are paying so it all goes to the mortgage.
Initially I was a bit :eek: but I looked at the figures and it makes us finish 1 month later than forecast. So not so bad . It gives me another mini challenge!
We will be mortgage free on the 22/05/2013. I'm going to do my utmost to get it cleared before then so I finish on my original end date of 22/04/2013.
We've spent a fair bit less in this bad weather, used the car less, no trips to town or supermarkets and only brought bread, milk and what we could carry. Let's hope it keeps snowing until 2012 (joke- I don't think I could stand being snowed in for that long!).