Pammy's 5 Year MF Challenge - New Year New Target

pammyj74

Thanks guys,

I have put my name down on a couple of litters that are due so will ewait and see

newgirly

:beer: Happy birthday pammy, hope you are having a great day!

pammyj74

Celebrating in mse fashion by OPing £200 I need to OP another £213 to take another brick off my graph house and only another £120 to take another month off
I really love it when an OP takes a month off as it feels like you are getting somewhere!

A lot of bumph for me to keep track of how its slowly going down

so figures for 2012 so far below:

Total Actual payments: Jan, £1,196 Feb; £1146, Mar; £1396, Apr; 896 May £910 (Total = £5944)

Original scheduled payments: Jan, £696; Feb; £696, Mar; £696, Apr; £696 May; £710 (Total = £3494) NOTE: new payment due to rate change

Payments over/above original schedule: Jan, £600 Feb; £750, Mar; £700, Apr; £200, May; £200 (Total= £2450)

Interest saved according to my SS: Jan, £193.77; Feb, £232.38; Mar, £211; Apr, £66.96, May £66.93 (Total: £771.04)

Interest per day: Jan, £5.55; Feb £5.49; Mar £5.25; Apr, £5.91; May, £5.82

Interest per month: Jan, £170; Feb, £166; Mar, £160, Apr, £161; May, £174

Mortgage balance: Jan, £57,323; Feb £56243; Mar, £54913; Apr, £53,969; May £53,213

% of mortgage now paid off: Jan 36%; Feb 37.5%; Mar, 38.9%; Apr, 40.03%; May, 40.87%

LTV - Jan, 52.11%; Feb, 51.13%; Mar, 49.92%; Apr, 49.06%; May, 48.38% (based on £110k value)

Months shaved off in 2012 - 4 months (31 left to shave to reach target)

Months left to pay - 7 years 2 months (86 payments) as of May

EMFD as of May 2012 - July 2019 My first original target now done :beer:

Radish72

Happy Belated Birthday Wishes _party_

pammyj74

Just popping in to note an OP of a llittle £120. An odd number as this is what was needed to knock another month off.
EMFD is now June 2019. Only another 30 to shave, on track to losing a month each month so far (if that makes sense!) ATM have 84 payments left (after junes payment has come out)
Wouldnt it be fab if I could knock a month off each month, that would mean I would be MF is 3 and half years!!!! Doubt that will ever happen, life seems to get in the way but nice to dream about it though. But should be able to keep to my goal of 5 years hopefully.

(have £850 towards the dog but keep changing my mind - as always about everything!)

pink_poppy

pammyj74 wrote: »

Wouldnt it be fab if I could knock a month off each month, that would mean I would be MF is 3 and half years!!!! Doubt that will ever happen, life seems to get in the way but nice to dream about it though. But should be able to keep to my goal of 5 years hopefully.

Good luck pammy, that's what I've had in mind too but it's going to get a whole lot harder for us with wages coming down & bills going up

Do you mean you keep changing your mind about getting a dog, or which one to get?? Best to be absolutely sure before you commit ~ good luck with that too

pammyj74

I am 90% sure that we are going to get a dog and I know its a big commitment which is why I have thought about nothing else over the past weeks.
It would be fantastic for me and the kids but it is a lot of hard work looking after a dog

greent

Hi Pammy - nice to see you back. What about if you decide to get a dog getting a rescue one? You can often get pedigrees at still a young age (less than 2 years) if you really want a pedigree. You'll still pay rehoming fees (which acn be quite a bit, but MUCH less than a puppy), but you'll be giving a dog a loving home, it'll be essentially toilet trained, will have its boosters etc.

But, yes, dogs are a HUGE commitment. x

pammyj74

Yes I am looking at rescue as well. I am looking for a labradoodle or goldendoodle so I keep my eye on labradoodle trust site as well as wood green which isnt far from me. they are not pedigree dogs.
I just have to be careful where the kids are concerned.

pammyj74

Op'd £200 today and so am below £53k now