** Jock_Tight** mortgage free diary

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Well done on getting all your Xmas gifts sorted!

I'm finding it hard not to open my penny jar at the moment

Jock_Tight

Last overpayment for 2009 was made today, £385..........which I thought was pretty good considering its Xmas. (managed to get quite a few gifts out the way during the year so no big bills at the end of the year!) :cool:


Here is an update of how we have done since we switched to our RBS Offset mortgage at the end of 2007.


Oct 07 - Dec 07 : Start: £64,000 - End: £61,737
Payments: £1,130 + Overpayments: £1,133
Total Paid: £2,263

Jan 08 - Dec 08 : Start: £61,737 - End: £51,293
Payments: £6,780 + Overpayments: £3,664
Total Paid: £10,444

Jan 09 - Dec 09 : Start: £51,293 - End: £39,521
Payments: £6,780 + Overpayments: £4,992
Total Paid: £11,772


My spreadsheet prediction for Dec 2010 is to get just under £27,000.

Jock_Tight

:xmastree::xmassign:

moneysavermum_2

Jock_Tight wrote: »

Last overpayment for 2009 was made today, £385..........which I thought was pretty good considering its Xmas. (managed to get quite a few gifts out the way during the year so no big bills at the end of the year!) :cool:


Here is an update of how we have done since we switched to our RBS Offset mortgage at the end of 2007.


Oct 07 - Dec 07 : Start: £64,000 - End: £61,737
Payments: £1,130 + Overpayments: £1,133
Total Paid: £2,263

Jan 08 - Dec 08 : Start: £61,737 - End: £51,293
Payments: £6,780 + Overpayments: £3,664
Total Paid: £10,444

Jan 09 - Dec 09 : Start: £51,293 - End: £39,521
Payments: £6,780 + Overpayments: £4,992
Total Paid: £11,772


My spreadsheet prediction for Dec 2010 is to get just under £27,000.

Jock_Tight

:xmastree::xmassign:

youll have this cleared in no time....then what wil you do with all the spare money?

Jock_Tight

nje24 wrote: »

youll have this cleared in no time....then what wil you do with all the spare money?

Treat ourselves for a bit......then save majority of the extra money!

Once we are mortgage free my next goal is to have a set amount of savings by the end of each year. Would love to be able to retire early or reduce work ours etc.

Cheers,
Jock_Tight :beer:

Jock_Tight

Just got an unexpected £100 (before tax) Xmas bonus at work, nice one! :dance:

Will be adding this to my January overpayment!

Jock_Tight

£1242 overpayment went in today (largest I have ever made)

This consisted of:
Monthly direct debit overpayment: £385
Change pot (collected during 2009): £61
Couple of items sold + small Xmas bonus + planned yearly OP: £796

Good start to 2010 :cool:

setmefree2

well done on those OPs :T:T

Jock_Tight

Thanks!

Gives me a warm feeling inside and a nice dent in my mortgage spreadsheet!!




When I deposited the change pot at my bank the cashier asked "what I was going to buy with the savings", when I told her it was going in the mortgage she gave a half smile then a look as if to say...why? :rolleyes:

Jock_Tight

After reading about the Halifax/Bank of Scotland 'Reward' accounts on the MSE boards I decided to open two Reward accounts (sole+joint).

Just received my first two £5 rewards for January........£10 a month for ~2 minutes work online!

This will give me an extra £10 per month which I will build up (£120) and add to my January overpayment.

Queen-Bee_2

Hi there - congratulations on the Reward accounts - mine have netted me £90 so far... well worth having for a few clicks per month!!
QB