MF at last! Now for the £300,000 'Mansion' Fund.

CathT

Wow! That's a fantastic achievement - well done. It seems we may live close by too!

Wishing you every success with the next part of your dream.

earthgirl

newgirly wrote: »

:j Whoo! well done, that is amazing.:D

Just shows what can be achieved with a lot of hard work, and I love the fact you are saving for somewhere new already.

Being very nosey, i was wondering if you had told friends and family that you are MF and if so what was the reaction?

Anyway, hope you have some extravagent celebrations planned after all this cutting back, congratulations x :beer:

We told our closest friends, and they thought we were a bit crazy, and said they wished they were in our position. We had a celebratory drink with them. I wouldn't want to tell other people unless it comes up in conversation... they might think I am trying to show off or something.

To celebrate we went to the cafe for lunch, and had a few drinks with friends, that was it!!

earthgirl

PasturesNew wrote: »

I've been working full-time for over 30 years and have only just about had that much money go through my hands in my entire lifetime.... how on earth you managed to do it in just over 2 years is something I'd like to see.... I'll bring a tent... consider yourself having an apprentice in your back garden by the weekend

Great that would be fab, you'd have to camp on the potatos and lettuce though!!

earthgirl

Deleted_User wrote: »

well done! and looking forward to following the next leg of your journey!! Am so inspired by all your hard work now wondering how quick i can pay mine down as they were similar sizes to yours when you started!!
how are you celebrating mortgage freedom before cracking on with the next task??

Good luckk TYO, you can do it, just maximise your income and really minimise outgoings, whilst still having a heathly happy life of course!!

Not really celebrating that much, but we will go on a lovely holiday with the baby next year.

gratefulforhelp_2

You did it :j:j:T:T:T

earthgirl

Hi All,
Well after complaining I was bored at work, I have now been kept extremely busy for the past 3 days, so I am now enjoying a well earned rest and read of your diaries. I plan to save up the £300,000 that we need by living in the same way as we always have. I just can't go back to wasting money like I used to on clothes, meals out etc. it just doesn't feel right. I suppose thats a good thing!!

So I'll continue to maximise income and reduce outgoings... Here are my thoughts.

Maximise Income

• Tutoring
  • keep going with my tutoring business.
  • Expand my website during the summer holidays, perhaps into an agency for the local area.
• Apply to have students stay during the holidays.
• Continue with my lunch duty at school.
• Make myself indispensable at work so that I would survive a redundancy situation.
• Look at promotion opportunities

Outgoings

• make sure that I leave the house by 8.05 so that I can use less petrol by not using the bypass.
• Plan my week so that I use the least petrol, and don't use my car at weekends.
• Use the free lunches I get on lunch duty to buy 2 sandwiches each time, which will do me for lunch for 6 days.
• Reduce, reuse, recycle EVERYTHING I can.
  • Ask myself 'do I need it' , if so, how can I make it?How can I get it for free? or substitute it with what I already have?
• Track spending so that our total outgoings are less than £1,000 per month, meaning all my wages can be put into savings.

No surprises or great ideas yet, but I'm sure I'll have a few when I get going.

CathT

Great plan of attack there, you will soon have that dream home.

LilacPixie

Earthgirl you owe me a keybard, i just spat tea over mine when i read 300k in 9 years !!!!! I'm aiming for a 3rd of that in the same period.

SJ1

So well done! So pleased for you. I really need to pull my socks up and start on this mortgage free journey. We have a BIG mortgage and I would really like to start overpaying. Problem is there always seem to be other things to pay for.

How do you do it? I am doing last bits of work to the house. So now we are starting with our debt and we need to start chipping away.

So pleased for you.

SJ

[Deleted User]

Thanks EG
Sounds like a good way to celebrate and what a fab start for little earthlet too
Will get onto maximising income- though tbh after main full time job I have little inclination for much else- how you managed 2 or 3 extra jobs on top of that is beyond me!!
I will have a think about anything I havent done to maximise/minimise!....