2012 mfw

ecoelle

Hi, we also have anew baby and are trying to overpay the mortgage. Can i join the challenge please with a total overpayment for the year of £1100, as i have 11 pay days left til the end of the year, i figure £100 per pay day is possible. Then i'm also going to try and raise extra money from selling stuff, overtime, cashback etc. All of this will go into a separate pot to then be paid off the mortgage at the end of the year:)

Spiggle

Good morning,

Welcome to the challenge ecoelle, you have been added to the spreadsheet and you are No.146. Good luck!

See you all this evening,
Spigs

rainbowcattail

Morning all

Can I add another £160 to my total please? Got an insurance cheque unexpectedly early so have overpaid it. I am now £3510 in total.

I've also just discovered that I can view my hsbc mortgage online! Switched last oct & they didnt have that facility then which was my bugbear so I'm really pleased I can see it now.

X

LavenderBees

rainbowcattail wrote: »

Morning all

Can I add another £160 to my total please? Got an insurance cheque unexpectedly early so have overpaid it. I am now £3510 in total.

I've also just discovered that I can view my hsbc mortgage online! Switched last oct & they didnt have that facility then which was my bugbear so I'm really pleased I can see it now.

X

Yes, it's good being able to see your mortgage account, isn't it? I've had that facility with my Building Soc for a while, and I LOVE looking each month to see the capital value come down. It's my favourite hobby :rotfl:

rainbowcattail

LavenderBees wrote: »

Yes, it's good being able to see your mortgage account, isn't it? I've had that facility with my Building Soc for a while, and I LOVE looking each month to see the capital value come down. It's my favourite hobby :rotfl:

I'm quite excited about seeing it online again I really missed it when we switched.

I've been playing about with the mortgage calculator tool and realised thanks to big OPs last year we knocked 6 years off our mortgage. It has slowed this year due to diverting the money to essential house renovations which has been bugging me but the calculator has cheered me up

Spiggle

All updated for you rainbowcattail. I'd love to be able to see my mortgage online!

Take care,
Spigs

LavenderBees

Ooohhh great excitement here, and I can hardly wait to get my op down on "paper" here for the update.

I'm logging this tonight as I won't have time tomorrow when I do actually get paid and transfer the money. But.....drum roll.....my op for April is a whopping (to me) £1110, which brings me to £3500 for the year :T. This is the coming together of a huge planning exercise by me in the winter months by managing to reduce my outgoings (negotiating better deals, finding free ways to replace costly things, using all the advice on MSE I can etc etc), finally getting some long outstanding cashback, and more than anything, changing my co car to a cheaper one, so I get what amounts to a really decent payrise (yet still have a really nice little car). I've barely been able to sleep with the excitement building :rotfl:

£3500 is what I can op in November without any penalty, so I've achieved that in 4 months (last year it took me 11 months). I think I'm now only about £1000 off having enough money to pay off all the capital on my mortgage, though that would leave me with exactly nothing, so I need to keep saving.

I feel I still have a long way to go to achieve my goal of paying off my mortgage, having a year's emergency fund, having a smaller fund to buy a car should my job fold as expected at some point in the next couple of years (another 3 people lost their jobs this afternoon at my place), and maybe having a fund so I can do some home improvements. Gosh, writing this all down has exhausted me. But I'm closer than I ever expected to be, and it's taken a little less time than I expected too.

It's sheer hard lonely slog at times, but moments like this (though tempered by my colleagues' misfortune) make all the sacrifices worth while. For me, I'm clawing my way to some kind of control over my likely future situation.

Sory for the long post, folks, but I know you'll understand my quiet satisfaction that I'm seeing some rewards for my endeavours. Thanks for reading

LB xx

P.S forgot to mention, that when I've saved enough for the capital payment (next month?!?), I won't be making that wonderful payment to close off the mortgage until I'm able to pay it off without penalty (Nov 2013). I really hope that I'm allowed to keep posting on here to build up my emergency fund. Please, please...you've focused my mind wonderfully well, and I don't really want to wander off around the MSE boards to try to find somewhere as friendly and motivating as here. Please...please....technically, I'll still have a mortgage I can't afford to pay off...grovel, grovel...

xx

Spiggle

Good morning All,

Well, LavenderBees what can I say except congratulations on your enthusiasm, determination and fine planning! :T I'm sure no-one will object to you staying with us for the medium to long haul. I've updated you by the way.

From the googledoc, your OP is listed southernman, well done.

Also on the googledoc, originator your OP is on the sprreadsheet, great going.

I'll be off out later as I have to go to the dentist and then get the car serviced and MOT'd - thank goodness for piggy banking!

I should be back on later and will update any more OPs then.

Take care and enjoy the sunshine,
Spigs

curlygirl1971

OP'd £32 this morning, financed by Quidco cashback. It will make zero difference to the immediate balance as when I make a payment mid-month they also apply the daily interest. And the daily interest between when I last made a payment on 13th and Monday when the payment will hit the account will be around.......£32.

So almost pointless really but it cheers me up. Although I can see a beautiful blue sky through the office window and the weekend is imminent, I'm feeling a little flat at the moment in a kind of pathetic-feel-sorry-for-myself kinda way.

NON-MORTGAGE MOAN ALERT
Work is hard work. Well as hard as it can be when you sit on your tush for a living. Too many extra hours and unpaid ones at that. All work and no play. And I'm tired. Not getting enough sleep, which is partly my bad habit and partly really inconsiderate @rse-hole neighbours on both sides who seem to take it in turns to wind me up into a murderous seething frenzy which kinda looses its threat value when you're wearing in pinky spotty PJ's and fluffy slippers. Last night / this morning one set got home at 2am after their shift and had a row. One locked the other out, one sat on the back door step talking on her mobile and smoking - so I can hear her and even smell the smoking which as a non-smoker is really delightful whilst you're lay in bed. The other one was at the front of the house trying to open the Front door by kicking it and yelling. And I'm eating too much crap. I eat loads of good stuff.... Oats for Brekky, Spinach Salad with Pumpkin seeds and then top it all up with ridiculous quantities of chocolate. Obsence amounts. Already over-weight and recently put even more on. Clearly my fault not the neighbours. Work stress, Tired, Bad Diet, no exercise.......I guess I already know the answers to all of this but it's being bothered to put it into action and that's always been my problem If my life could be controlled by a spreadsheet everything would be fine

Back to business.........I'm with the Halifax and I realised a few months ago that following the 'upgrade' to the Lloyds online system I could get around the problem of not being able to make ad-hoc online over-payments, that instead I could just adjust the existing SO. Change the amount / Change the date. So rather than waiting until 1st and OP'ing what I've saved up, I can OP small amounts sooner. So that's my new policy. All the more important now that my SVR is rising to 3.99%.

Am also seriously toying with the idea of using £4k from an ISA earning 3% to reduce my balance and am playing about with those figures on my beloved spreadsheet at the moment. It will knock a year and 2 months off my mortgage. I will still have other (ISA) savings. Hmmmm.

Have a wonderful weekend everyone - I'm hoping to get out in the fresh air for a walk in the Derbyshire countryside...........Otherwise I'm going to be pretty unbearable.... even to myself.

curlygirl1971

Fantastic Post LavenderBees - well done for all your hard work!