Sweetdaisy's aim to be mortgage-free

Tilly_MFW_in_6_YRS

Evening SD, won't be long and it will be £78...., rather than £79.... that has a lovely ring to it :). Tilly x

sweetdaisy

Tilly_MFW_in_6_YRS wrote: »

Evening SD, won't be long and it will be £78...., rather than £79.... that has a lovely ring to it :). Tilly x

Thanks Tilly .

According to my spreadsheet I am set to pay off the mortgage by June 2024, so even though I am not yet near my February 2022 target I am getting closer each month, so am confident that we will make it.

megela

Hi Sweetdaisy,

Every single pound & penny you OP gets you that little bit closer to your target.

I would take it in smaller steps that £10k at a time - Tilly's right aim to get down to £78k next, then £77k etc - you'll really feel like you're achieving something then and not lose the incentive.

I do it in smaller chunks like that so I don't get so despondent about the size of it (& mines smaller than a lot of others!)

Megela x

sweetdaisy

megela wrote: »

Hi Sweetdaisy,

Every single pound & penny you OP gets you that little bit closer to your target.

I would take it in smaller steps that £10k at a time - Tilly's right aim to get down to £78k next, then £77k etc - you'll really feel like you're achieving something then and not lose the incentive.

I do it in smaller chunks like that so I don't get so despondent about the size of it (& mines smaller than a lot of others!)

Megela x

Thanks Megela

I have to keep on reminding myself that my MFW journey is a marathon and not a sprint . It's strange because I only started my MFW journey in October 2011 and prior to this never gave any thought to paying it off early and was quite happy to keep the mortgage for the full 25 year term, but now that I have started it I want to repay the mortgage as quickly as I can.

I think that it's constantly on my mind because reducing the mortgage by a substantial amount is the only way that I'll ever be able to work reduced hours, so that I can spend more time with the children. I really want to work closer to home and have better working hours, however (like most people) I want to reduce/pay off the mortgage so that I have more options.

CathT

Hi SD, just catching up. I've been building up childcare vouchers too but think my bill for the Summer will wipe all that credit out and DD starts school nursery in September (still costing me £40 a week!!). I have another 3 years of nursery costs for DS aswell. I think we will be rich when they're both in school!

Sorry to hear you didn't get the job. As you say though it is good experience especially when you haven't had an interview for so long.

You will have to let me know how good the resort is after your holiday, a colleague has gone there and loves it and I'm tempted to book for next year.

sweetdaisy

CathT wrote: »

Hi SD, just catching up. I've been building up childcare vouchers too but think my bill for the Summer will wipe all that credit out and DD starts school nursery in September (still costing me £40 a week!!). I have another 3 years of nursery costs for DS aswell. I think we will be rich when they're both in school!

Sorry to hear you didn't get the job. As you say though it is good experience especially when you haven't had an interview for so long.

You will have to let me know how good the resort is after your holiday, a colleague has gone there and loves it and I'm tempted to book for next year.

Hi Cath

I am only using my childcare vouchers for DS2's nursery costs as I know that I will be able to use them on a weekly basis from now on. I don't have enough to pay for DS1's after school club as well and would rather just pay the vouchers to one provider each week, so that I know where I am and it is easier to keep track of payments! I have just over 2 years of Nursery costs to pay and then it will be two lots of After School/Half Term Clubs to pay, but I will still be saving around £40 a week, so it will feel like I am rich!

Still looking on the job front, but taking my time as I don't want to go for any job for the sake of it, as it needs to be right for our family.

I can't wait to go on holiday to Devon Cliffs and looking forward to having a break as a family - I will let you know what it was like.

sweetdaisy

I am continuing on a weekly basis to spend under budget when doing my weekly food shop - and it's getting addictive. My budget is £80 a week, however regularly spend around £50-£60 a week. Shop today cost £57 and this included a Beef joint and Salmon Wellington. As I was under budget I paid £10 towards the mortgage and the mortgage is now set to be paid 1 year and 9 months earlier (May 2024).

Checked my Lottery account last night (in the hope that I was one of the 100 Euro millionaires) :rotfl: and I won £6.00. But considering I bought 3 tickets, I have broken even. Despite an overwhelming urge to use the £6.00 as an overpayment, I thought 'why not live a little' and just leave it in the 'spending' account - which I did!

Vegetable plot in garden is still going strong. Picked some potatoes, which have been growing in bags and had them for lunch. DS1 was proud because he was eating what he has grown.

Tilly_MFW_in_6_YRS

Hi SD, helping your kids to grow stuff in the garden is really fantastic. It teaches them such a lot and it surprised me, when ours were growing up, how few kids recognised certain veg in their original form - the same for meat.

Have a good Sunday, Tilly x

sweetdaisy

Tilly_MFW_in_6_YRS wrote: »

Hi SD, helping your kids to grow stuff in the garden is really fantastic. It teaches them such a lot and it surprised me, when ours were growing up, how few kids recognised certain veg in their original form - the same for meat.

Have a good Sunday, Tilly x

DS1 is 4 years old and loves veg. He is the only child I know that loves Sprouts and Cabbage! As well as helping to water the veg patch after school and at weekends, he also helps my parents with their veg patch which is about 3 times the size of ours. He takes real ownership of what he is growing, which I think is great. I also tell him where meat comes from as I think it's important for him to know. He has also been known (thanks to DH) to shout 'Mint Sauce' at Sheep :rotfl:.

Tilly_MFW_in_6_YRS

Morning SD, he sounds a lovely lad and i bet his grandparents love having him help. Brussels are my favourite veg .

Tiily x