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Made my first OP of 1,000/400,000
MamaSaver
Posts: 45 Forumite
Yeeehaaa. Made my first OP today. I made up a grid of our house, as advised by a post I read here months ago. Each square in the grid represents 1,000 paid off our capital. So there are 400 squares and one is coloured in. Only 399 left to go...... :rotfl: Every little helps
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Comments
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I did something similar when I made my first big payment. Told myself it represented "so much space" and I "moved" that space around with me so I was always using MY bit of floor that I owned. Probably sounds silly, but now I own it all so probably not so silly as it worked for me. Good luck buying up your other squares.
"Click the pennies. Collect the pounds."0 -
Well done,
Once you make that first step it just becomes second nature:TMake 11k in 2011 422.29/11,000;)0 -
Well done MamaSaver!Currently studying for a Diploma - wish me luck
Phase 1 - Emergency Fund - Complete :j
Phase 2 - £20,000 Mortgage Fund - Underway0 -
mamasaver,
well done on the over-payment! keeping a grid is a really good way of seeing how well you are doing. i bet you will see a difference in your monthly payments soon! Saving for a deposit for a place of my own.....:jSavings so far £29,450/£40,000:j 73.6% SAVED!!!1poll £23.90/£40.00 (claimed 1x£40)No Monthly Car Payments left! Paid off on the 5/11/10!0 -
Well done! I love the sound of making a grid as well!Paying down the mortgage:
At 1 October 2011: £226,000
Currently: £224,499
Aim: 85% LTV (£212,500)
Paid £1,500
Target remaining: 88.89%0 -
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Well done and welcome to the fold !RosieTiger - Highest £242,000 Feb 2004 :mad:
Lightbulb Dec 2008 £146,000 by March 2026:eek:
MFi3T2 and T3 No 28 - Dec 2009 Start Balance £117,000
Current Position-Fully off set by savings since March 20130 -
Superb, Great Work !!ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 20270 -
Wow! Thanks everyone for the encouragement! I wasn't expecting that response. I have to say, I'm not sure if the grid is motivational or not. The more I look at it, the more I think I'll never get through it all. Especially when the square I have coloured is even part of the sky in the picture. He he he, but at least I own the air space above. Thank you so much, it's good to have you guys to help me along the way. Cheers, MamaSaver0
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Keep posting MamaSaver - i would love to follow your progress!Paying down the mortgage:
At 1 October 2011: £226,000
Currently: £224,499
Aim: 85% LTV (£212,500)
Paid £1,500
Target remaining: 88.89%0
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