Skaps's "Will i ever be debt free?" diary

skaps

Cook sth different 10/52 - now up to 12, made Jamies 15 minute chilli meatballs and am making shortbread

skaps

1) Reduce debt to £2500 (much more achievable) - debt is now down to £2590 - still £90 to go!
2) Overpay the mortgage by £8500 - paid £8650 yay! :j
3) Pay back the natwest overdraft and reduce it to £1000 - down to £1250 not going to meet this target but have saved alot by balancing transferring this to a 0% cc
4) Cook sth different target 26/52 - up to 13/52 made chorizo and sea bass
5) Exercise 3x a week 26/52 - 3/52 no change but have gone back to jogging on Saturdays
6) No new toiletries - 2 no change :j
7) MFiT - T2 target reduce mortgage from £230,252 to £213,252 by end of 2012 down to £213,343.31 missed it!
Short term targets
a) 100 days challenge - new challenge has started and have paid off £873.06 so far
b) Pay back wall by end of 2012 - paid back yay:j

skaps

[FONT=&quot]End of year[/FONT][FONT=&quot] review of targets and challenges[/FONT]
1) Reduce debt to £1000
This did not happen due to mainly wanting to go on holiday but the debt is now down to £2590.
2) Overpay the mortgage by £3000
I paid back £8650 yay! :T:T:T
3) Pay back the natwest overdraft and reduce it to £1000
This is now down to £1210.70, although I have not met this target this has been balance transferred to a 0% cc
4) Cook sth different target 26/52
Did not meet the target but have done better than last year 14/52 (vanilla cake)
4) Exercise 3x a week 26/52
3/52 starting going back t$o jogging not great though

5) No new toiletries
· 2 which is an improvement, now I have to just stop getting unwanted toiletries as xmas gifts

Also Santander overdraft is now down to £500 :j and the other one is down to £50. :j
[FONT=&quot]
Challenges[/FONT]
· [FONT=&quot]MFW – achieved see above[/FONT] :T
· Lots of 1 debt vs 100 achieved :T
· MFiT - T2 target reduce mortgage from £230,252 to £213,252 by end of 2012 down to £213,343.31 missed it!
· Pay back wallby end of 2012 - paid back yay:T
POAMAUC #77 £3271
Glasgow £3,716.86, paid £1126.86

skaps

2013 list of challenges


1) MFW #68- overpay by £5000
2) Reduce debt from £2590 to £0
3) Overdraft from natwest reduce from £1210 to £1000
4) MFiT-T3 #32 - reduce from £213,343.31 to £200,343.31 by 12/12/15
5) Exercise 3 times a week, target is 26 weeks
6) Cook sth different, target is 26 weeks
7) No new toiletries
8) Sealed pot challenge #1384
9) Virtual sealed pot challenge #40

Short term challenge:

• 100 days challenge £898.06/£1300 od and cc ends 16th Jan

skaps

Made some payments so far:

1) MFW #68 - £300/£5000
2) Reduce debt - £2174/£2590
3) Natwest overdraft is now £1170
8) Sealed pot challenge #1384 - 32p
9) Virtual sealed pot challenge #40 - £10.17

Short term challenge:

• 100 days challenge £1379.06/£1300 :j od and cc ends 16th Jan
  

skaps

Haven't updated in months. Had alot going on and completely forgot.

Am on holiday in Morocco atm, so will have to update once I get back to all my spreadsheets.

Mortgage ops are now up to £1949.61/£5000

skaps

Update

1) MFW #68 - £1949.61/£5000
2) Reduce debt from £2590 to £0 - £1512.60
3) Overdraft from natwest reduce from £1210 to £1000 - £0 so far but all on a 0% cc
4) MFiT-T3 #32 - reduce from £213,343.31 to £200,343.31 by 12/12/15 - mortgage is currently £209,102.15 (March statement)

New target

• Reduce Santander overdraft to 150 - Have reduced Santander od by £50 so its now £450.
• 1 debt vs 100 - target is £1300 by 1st May - Paid £1007 already

skaps

Good news now that Halifax have sorted out their internet banking I can now see accurate statements whenever I want.

Due to this have paid an extra £70 to the mortgage, made up of isa interest, santander 123 interest and my halifax reward £5 a month.

skaps

Going to call up about my mortgage, think I may be able to get a better rate. No harm in investigating.

skaps

Been a long time since I've been on here. Lots of other stuff in life have happened so not been as good as usual on the financial front. Always the first thing to go if you don't have a tight rein on things. Oh well.

Anyway have been speaking to a Mortgage Advisor and hope to get a better remortgage deal.

Update

MFiT-T3 #32 - reduce from £213,343.31 to £200,343.31 by 12/12/15 - mortgage is currently £202,884.15 (October statement). Have changed my target to £183,343 by 12/12/15.

Have paid so far this year £5100.64/£5000 so met my target. :T