Mortgage free in 100 payments

runninglea

monthly payday tomorrow so will see how much if any i've got spare.

Got my tyres from the place that does all the vans where I work - seemed cheaper than elsewhere.

runninglea

Monthly pay in today - most of dd already come out so will see how much I can get together.

Have already got £500-£600 saved from last month.

SeriouslySeekingtoSave

You're going great!

runninglea

'You're going great!

Thanks - things will slow down after this month as changed my working hours.

It has been a good start though.

You are going well cant wait for my mortgage < 100K

runninglea

Long time no see - I have finally paid off my third payment. Hopefully will start doing them more regular fromn now on.:j

Sepa74

Congratulations! Well done!

You know, I know the 100 payments idea is a nice, motivating, neat number, but if you are finding it is taking several months to get a payment together, it will save you on interest if you pay what you can when you can...

Of course, if the last couple of months have just been a blip, ignore what I said!!

runninglea

you are right sepa - I might try £500 hopefully per month. This amount might be more manageable and stop me spending what I have saved up.

The problem is the house is getting old and keeps needing small jobs to be done and although they cost a little bit each time it all mounts up.

runninglea

Qick update - managed 2 payment since sep so paid 5 off this year giving a little over 5% of my mortgage paid.

Not great in a year as will still take nearly 20 years at this rate.

elantan

its a slow process but you are going in the right direction, my 100 month plan took a wee detour when hubby was off on the sick ( 7 months in total ) and i am slowly dragging myself back to where i should be but i am getting there ... every month making up some of the lost ground

we will get there it's just gonna take patience and time ... whats helping me is keeping the bigger picture in mind whilst ensuring i am making the smaller steps count... sometimes when i just have £30 or so i think ahh f**k it i'm gonna buy myself something instead of paying off some debt ..... then i think big picture time el every little helps ... and i pay off the debt ... slowly ( very slowly) i will get there

good luck

runninglea

might start getting a bit quicker as oh as just gone back to work. So last couple of months we have had an extra £600.

To save on child care she leaves at 5.45pm and works till 1am, i dont get in till 5.40pm so she goes as soon as I come home. Then its my turn to look after the twins etc.

Hard work but seemed best option