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Tiara_Maker
Posts: 6 Forumite
Hello people,
I joined this site earlier this week hoping to try and reduce my mortgage a bit. I'm a SAHM with a teenager and a baby, who is now nearly 1. My hubby works full time and I am a jewellery maker working from home. This has taken a back seat the last couple of years as I lost my Gran and then my Mum within 6 months of each other then I fell pregnant and we had toto some work to the house, so it's been an eventful and very difficult couple of years. I'm now ready to put a bit more time into the jewellery making and considering childminding. Having said that I have a job interview on Friday for a part time job so we'll see what happens. I'm also planning a clear out and going to get ebaying to save some extra pennies.
Amanda x
I joined this site earlier this week hoping to try and reduce my mortgage a bit. I'm a SAHM with a teenager and a baby, who is now nearly 1. My hubby works full time and I am a jewellery maker working from home. This has taken a back seat the last couple of years as I lost my Gran and then my Mum within 6 months of each other then I fell pregnant and we had toto some work to the house, so it's been an eventful and very difficult couple of years. I'm now ready to put a bit more time into the jewellery making and considering childminding. Having said that I have a job interview on Friday for a part time job so we'll see what happens. I'm also planning a clear out and going to get ebaying to save some extra pennies.
Amanda x
Married SAHM with a teenager and a baby!
Mortgage at highest £90,000 in July 2010
Mortgage now £81,000 - 20 years to go
Just finding my way with my MF challenge but I'd love to pay it off in 10 years!:D
Mortgage at highest £90,000 in July 2010
Mortgage now £81,000 - 20 years to go
Just finding my way with my MF challenge but I'd love to pay it off in 10 years!:D
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Comments
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Hello Tiara,
Welcome to MFW!
Good luck with your MFW journey, you should post a SOA when you get chance and also a target of what you hope to achieve.
All the best
LP
Mortgage free - 01/05/2019, mortgage high £200k 20110 -
welcome!
Have you thought about early goals such as £100 a month, X amount by end of 2011 etc. Helps to keep focused.
Good luckOPs so far £42,139
Original end date Nov 2037 (53) Current end date June 2024 (40) Aiming for 5 years to be Mf
DD1 Oct 2008:), DD2 Jul 2010:), DD3 Aug 2013:)
When life is getting me down I try to remember to thank God for the blessings0 -
Welcome tiara maker and good luck with your mortgage free journey.
PPgetting out of debt 1753/83500 -
Thank you all.
I have a mortgage of just under 81k. The house was valued last year at £130000. We at with the TSB but the mortgage is service by C&G. We're on a 2 year fixed rate 4.19% and that finishes July next year. I'm allowed to overpay by 10% each yeay. Last year I paid in £9000 from inheritance money. I still have 8k in the bank but there are essential repairs needed to the house and as I had a baby 11months ago I'm still not working again and have had to be dipping into that some months. Hoping that will improve soon though. We currently pay £485 a month. When we made the 9k over payment instead of reducing the payments we reduced the term which I think is about 20 years now. I really don't want to be paying this till I'm 60 though! ( I'm 40 now)
There isn't an awful lot we can do this year which the LO is still young and I'm not working but I thought maybe increase the payment to £500. We would hardly notice the difference. In the mean time I'm planning for how we're going to tackle this next year.
I hope that once I'm working again I will manage to increase the payments to £700 a month and hubby has a part time job/hobby which usually pays around 2k a year which we hope to pay in.
I want this mortgage paid off but I want to live a life too!Married SAHM with a teenager and a baby!
Mortgage at highest £90,000 in July 2010
Mortgage now £81,000 - 20 years to go
Just finding my way with my MF challenge but I'd love to pay it off in 10 years!:D0 -
Hi Tiara Maker and welcome,
I'm sure from reading some diaries on here that you will get some good tips on money raising. Ebay is always a good place to start.
Good luck for the interview today! I hope it all goes well for you.I can't be bothered updating this anymore0 -
£15 per month is a start. I bet you will soon be addicted and aiming to pay off a lot more.
There are quite a few mums/SAHM on this board, and we work hard to do little overpayments. It all helps.0 -
Thanks Iris, I Decided not to go to the interview. By the time I pay for childcare, petrol and parking it's not really worth my while working in the job so I'm set of working from home, child minding and jewellery making. Hopefully it don't take too long to get registered!
I think if I do the £15 extra as standard and will put any extras into it as I go along. I had a £50 tiara order yesterday so I'll put that money away for an over payment at the end of the month.. Is that what people do? OP monthly?Married SAHM with a teenager and a baby!
Mortgage at highest £90,000 in July 2010
Mortgage now £81,000 - 20 years to go
Just finding my way with my MF challenge but I'd love to pay it off in 10 years!:D0 -
Hello, Welcome and Good Luck with your journey.
£15 a month is a good start - my OPs are only going to be small, but if you put it in the repayment calculator, you can see what a difference the small things actually make. Its very motivating.Mortgage Free x 1 03.11.2012 - House rented out Feb 2016
Mortgage No 2: £82, 595.61 (31.08.2019)
OP's to Date £8500
Renovation Fund:£511.39;
Nectar Points Balance: approx £30 (31.08.2019)0 -
I tend to op any little amount I get, I do surveys, clicks, cashback sites etc and it all mounts up. My interest is calculated daily so I think why wait until the end of the month to do it plus it spurs me on more to see my spreadsheet total reducing with every little OP I can find.
I must warn you though..overpaying becomes addictive
I looked at being registered for CM and was booked on a course in January for basic English and Maths. Essential courses here if you want to do CM, Crazy isn't it...I forgot to go! :rotfl:I can't be bothered updating this anymore0 -
Welcome and good luck!Please do not confuse me with other gratefulsforhelp. x0
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