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kimbos mortgage free diary
Comments
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hi originalmiscelany
the oh i a saver not a spender but is taking some incouragement to part with some of his savings to make some overpayments. he likes to have an emergency fund. we both have the 3 months wages put aside but have a bit extra as well. i have talked him into putting £500 each into the mortgage over the next couple of months (we can only over pay by £450 a month) from our savings aswell as anyother money we can get together.
i will keep working on him to part with some more but i think it will take seeing what difference it makes to get him really motivated.
wish me luck.
i wish we had been overpaying from the start too as we were both working full time then and had alot of extra cash a month. since having the little one i only work part time so our situation is alot differnet now.MORTGAGE DEC 2010 - £132617.97:(
2011 O/P Target £3026/£2200
2012 Target 2000/2200
Mortgage end date july 2042
Target end date july 2030 (when i'm 45 if not earlier)0 -
Your OH might get on board a bit more if you start showing him how the OPs are decreasing the daily interest. If he's a saver by nature the difference between what he's earning on his savings and what you're paying on the mortgage will probably make him really think about where he's putting his money!
Of course, if his savings are earning him over 4.79% tax free, they are probably best where they are for the moment.Borrowed £150,000 in an offset tracker mortgage in May 2007 - MFD May 2041 (67)
Jan 2012 - £125,620.02 / 2,913.87 / Nov 2032 (58) :beer:
Apr 2012 - £122,901.88 / 3,170.91 / Jul 2032 (58)
Jul 2012 - £122, 589.02 / 3,507.99 / Sept 2032 (58)
Oct 2012 - £120,476.31 / 3,889.42 / July 2032 (58)0 -
When i first started my MFW journey last June my DH mocked my intentions a little whereas i think now he is more focused on becoming MF. At least your OH is a saver tho so he's halfway there!Nov 2025 - part 1 - £13,878 part 2 - £20,953 Total - £34,832 24 months to go!0
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:ji am very excited i have just phoned a&l to make my very firdt overpayment of £450 this month.......MORTGAGE DEC 2010 - £132617.97:(
2011 O/P Target £3026/£2200
2012 Target 2000/2200
Mortgage end date july 2042
Target end date july 2030 (when i'm 45 if not earlier)0 -
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Well done on the overpayment
.
I am just starting out on my MFJ too, so wish you lots of luck.Aiming to be Mortgage Free by 2022
1 debt in 100 days part 5 £1/£6000 -
Well done Kimbo on your first OP!
Here's to many more!!
Froggy :cool:Froggy's New Lillypad FundTotal so far: £ 10,009.770 -
ooh that is exciting!
Well done :beer:0 -
Well done on your first overpayment! It soon gets very addictive!! :rotfl:0
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