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

JonnyBravo

RoxieW wrote: »

One thing I struggle with is groceries. We spend far to much on food because I buy all organic. i do this because we have a family history of cancer and i've read that eating an organic diet can help prevent cancers. Whether this is proven I dont know? I've accepted it as an expenditure I can't help = sort of an investment in health - but I know if I didnt I could overpay by another coupe of hundred a month

The evidence re organic food is sketchy to say the least.
Far stronger evidence exists to say eating plenty of fruit and veg (organic or not) is of most importance.
Of course plenty of things carry small cancer risks, and people have different attitudes (or understandings) of risk.
If you'd not be able to forgive yourself if someone got cancer after you'd stopped buying organic fruit and veg then it's probably worth continuing for your peace of mind.
The chance of it making the vital difference to any one individual is of course very small though.

weezl74

RoxieW wrote: »

wow just done the overpayments calculator and if i overpay by £500 a month I'll be mrotgage free in 5yrs as opposed to 20!! Wow! That's all the motivation I need - need to remind myself of that fact from time to time!

One thing I struggle with is groceries. We spend far to much on food because I buy all organic. i do this because we have a family history of cancer and i've read that eating an organic diet can help prevent cancers. Whether this is proven I dont know? I've accepted it as an expenditure I can't help = sort of an investment in health - but I know if I didnt I could overpay by another coupe of hundred a month Oh well. On the bright side - had so many chocs for xmas I'll never have to buy another sweet thing again!

roxie, another poster, ceridwen is on a similar healthy eating idea as you but vegetarian also. She found that growing her own in lots of pots really helped with the grocery budget. That might be a helpful start? Rocket is really easy to grow and saves a bundle on supermarket salads. You could start it indoors now... HTH x

Floxxie

Wasn't there a news article a couple of months ago saying that there was no difference between organic and non-organic?

I avoid foods that have been burnt for the same reasons although I don't know if this is a myth (but I don't like burnt food anyway )

A tip I read somewhere was to buy organic in the one fruit or veg you eat the most, with the example given of apples.

Good to see you on this thread Roxie and congrats on the baby, that isn't so much of a baby now

twinklie

First OP of 2010 of £121.19 has been paid! Woo hoo. It's only that figure because it rounds up the DD to £450.

taxi73

Mortgage payment out today so another £419.62 off capital.

I've never been so excited at paying my mortgage off..lol

Daisy_Duck

Morning all, just wanted to drop in and say hi!

I've finally managed to logon and see my mortgage balance and have sent my numbers for the challenge via the link on page one.

As of 31.12.09 balance was £170,000.
Aim: To lower this to £90,000 by 12.12.12.

Really can't wait to see it to drop below 100K!

Happy New Year to you all!

DD

misswissy

Hi Everyone,

How lovely to see everyone overpaying and getting motivated. I feel so left out! lol! I can't overpay yet because I'm paying off last bit of credit card and loan. I worked out the other day I've cleared over 6K off my debt this last 12 months. And that's with my hubby in and out off work! What can I say... I'm amazing!

I'm with you all in spirit and I'll be OPing very shortly and giving you all a run for your money. I'm looking forward to it. Well done everyone.

cazmanian_minx

Mortgage payment day here too and our overpayment was £564.67 - this is purely down to us keeping the payment the same even though the interest rate on the tracker mortgage has dropped 5% from when we took it out.

I am *so* tempted to make an extra payment of £49.44 to bring the outstanding amount down to a round £138,000, but thanks to me miscalculating my business cashflow and therefore not being able to pay myself for December until next week, plus OH's share of the bills money getting delayed by the bank holiday, I'm into my overdraft by a couple of hundred quid at the moment and need to sort that out first.

Caz

must_stop_spending_2

First overpayment went in the post today - £5250 - was saving since moved in mid November.

Need to work out how much I need to overpay by each month in order to hit target but not too hot on maths - the main thing is to pay the bleeding thing off!

Off the starting blocks at least
:j:j:j:j

Mortgage now down to £67750 (5th Jan 2010)

Kaz2904

Must stop spending- I use www.whatsthecost.com/snowball.aspx to give me an idea on when it's due to be gone or how much I need to pay to get it gone when I want IYKWIM?