Pay off mortgage and start having fun!

newgirly

I went to the shops shs, also met up with best friend and her two youngest and watched cars 3, living the dream :rotfl: wow what a difference sitting in a cinema packed with little kids, I'm not used it it anymore. :eek:

Bought dh a lightweight jacket and some jeans from next for dhs birthday, went in Zara and bought nothing :T

Tomorrow is now my stay at home day

michelle09

Sounds lovely! Hopefully you can have a nice relaxing day at home tomorrow.

newgirly

newgirly wrote: »

newgirly wrote: »

newgirly wrote: »

newgirly wrote: »

AUGUST update!

Start figures:

Mortgage £58,613

Loan. £21,773


Total at Jan 1st £80,386

As at today:

Mortgage £47,330.05

Loan. £16,663.03

Total today; £63,993.08

Total reduction so far this year: £16,392.92

Total August reduction :£2128.92

wishingthemortgaheaway

Wow that is really impressive.

newgirly

Monthly update done and £670 moved to savings pot for the new plan. (Holidays, birthdays etc.)

I would live to do a September challenge, it's going to be a really expensive month - dh , mum dad and brothers Birthdays, proms at the park and and a trip to Tuscany, big things hopefully budgetted for but am unaware of the real costs yet.

So Septembers plan is to just try and scrape by!

3 month end of year challenge to follow from October


Thanks wishingthemortgageaway, just spotted your post

Moneyfordreams

My next life starts in October too , I don't think I abandoned frugality totally, I just got side tracked by pre holiday spending.

newgirly

Sometimes it's just too many expenses at once

The mortgage has been approved on the factory :j my incessant nagging for dh to take as short a term as possible have worked :T term 10 years and he is intending on overpaying it once the loan is paid off in a few years , making the term more like 7 years

Costs will be the same as they are currently for the big IO loan unbelievably, he could have had a longer term but never seems to be in the situation that there is excess money floating around.

Projected end date (it's 80k) will be around Feb 2024. It's hopefully, all going well going to be part of a pension pot for the future all going well, as it would currently rent at around 25k per year. It offsets the fact we have pretty rubbish pensions and savings due to mostly having no money, and more recently focusing on clearing the mortgage as the business has always been a bit up and down and we didn't want to end up homeless :rotfl:

Tilly_MFW_in_6_YRS

Brilliant news to read 🍷:T:beer:

Best wishes Tilly xxx

CathT

Great news about the mortgage approval and pension planning.

Think I will join you for a September challenge

newgirly

Thanks guys, nice to post actual mortgage news for a change :rotfl:

What were you thinking of for September cath?

Like I said I will just try to not go over my monthly spends, but I will track all spending and perhaps post it all to try and stop me going crazy