My Mortgage Free Dream - Boogie-ing through the 70's

edited 22 November 2011 at 10:39AM in Mortgage-free wannabe
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yukkibearyukkibear Forumite
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edited 22 November 2011 at 10:39AM in Mortgage-free wannabe
The time has come for a new diary! I started my mortgage free journey just over a year ago, and can honestly say I have become addicted along the way. Despite the uncertainties of life throwing themselves in our faces, we have coped very well this year and are thankfully in a better financial position than we were this time last year. We're still skint but there's no debt this time and now we have a fresher outlook and better idea of budgeting.

My old diary can be read here if you're interested.

The aim of this diary will be to see us through the 70's. As of today we stand at £78,255.13. I wont be counting savings in this diary, nor will I be offsetting savings against the mortgage figure. Why? Purely because we're still going to want to have a life and hopefully the oddd holiday along the way and we realistically can't plough everything into the mortgage and not save.

I'd like to see the back of the 70's by the end of 2012, but I think it may be a few months after that by looking at the spreadsheet. By overpaying an approx of £300 per month which equates to the good old £10 per day, this is very achievable should we work hard enough at it.
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  • edited 22 November 2011 at 10:56AM
    yukkibearyukkibear Forumite
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    edited 22 November 2011 at 10:56AM
    Month / Mortgage start balance / OP made / End Balance / Daily Interest

    December 2011 /
  • TwiddyTwiddy Forumite
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    Welcome back Yukkibear, good luck for 2012, as usual we're all right behind you!!

    Cheers
    T
    Current Mortgage: £113,829
    Standard MF Date: May 2030
    MFW Target Date: Jun 2023
    On Target to complete: Feb 2027
  • yukkibearyukkibear Forumite
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    Todays money making schemes have brought me a £5 HMV and £2 Amazon vouchers in the form of competition wins. I've used the £5 HMV to get dd2 a stoking filler DVD and will save the £2 Amazon for when it's needed.
  • wantabetterlifewantabetterlife Forumite
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    Hi YB....happy new diary. Looking forward to reading your progress....bring on the 60's :j
    Mortgage [strike]£177,750[/strike]£142,322
    Overpayments 2016 £2053.58 2017 £3417.70 2018 £5180.78 #26 2019 £2435.35
    Daily interest £19.91:eek: £15.28 :eek:£8.68
    BUY TO LET MORTGAGE [STRIKE]£111408 [/STRIKE][STRIKE]£109975[/STRIKE] £86,561
    22.3 % paid
  • CathTCathT Forumite
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    I love new diaries, good luck in getting to the 60's!
    Jan 2023 - part 1 - £41,139 part 2 - £27,778 Total - £68,917 58 months to go!
  • yukkibearyukkibear Forumite
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    I've been having a mini clearout of dd's toys before Christmas, and have got around five bits to list on ebay tonight. Hoping to generate a bit of cash for an OP.
  • pammyj74pammyj74 Forumite
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    OOh a new diary, good luck for 2012 and dont balme you for saving for other things as well. We have to have that balance or we'd go mad!
    MPs left feb '08 276- Dec 13 36 :T MB Jan 10 ~ £82,377 Dec 13 ~ £29987
    EMFD was Feb 32 :eek: NOW Dec 2013 its Dec 2016
    MF new target Dec 16 REACHED!! :j
  • edited 28 November 2011 at 11:13AM
    yukkibearyukkibear Forumite
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    edited 28 November 2011 at 11:13AM
    I managed to get 7 items on Ebay last night, and so far this morning I have done a £2.50 survey. Sadly not cash but vouchers, still it all helps. Pay day on Weds and hoping to make an OP then.

    Pre empted the pay day and sent an overpayment this morning of £35.42 which makes the balance on my spreadsheet sit nicely at £78,000 when December 1st's regular payment has gone out. :beer: This came from an extra shift I worked in November.

    I can start December with the next £1k to tackle. I think in £1k bursts it'll be more achievable and targets will be reached quicker.
  • pammyj74pammyj74 Forumite
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    Yoohoo where are you???
    Just popping in to say thank you for your help and support this year. Hope you are ok.
    Have a great xmas and new year.

    MerryChristmas.png
    MPs left feb '08 276- Dec 13 36 :T MB Jan 10 ~ £82,377 Dec 13 ~ £29987
    EMFD was Feb 32 :eek: NOW Dec 2013 its Dec 2016
    MF new target Dec 16 REACHED!! :j
  • yukkibearyukkibear Forumite
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    I'm still around, just not posting a lot at mo. Very busy with xmas and organising money trying to stop it flowing out of the bank account. Have managed a very small OP of £15 lately, hardly worth shouting about.

    Have a merry xmas everyone and I'll see you all soon x
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