A stay at home mummy who wants to be a mfw - Yes I can and Yes I will!

tootoo

subscribed - hoping to pick up lots of tips along the way from you.
I have two young girls so am eager for 'free' days out etc!

I_want_a_baby

Thanks tootoo! Hopefully you will be able to take tips from here or my blog which help you x Are you trying to pay off your mortgage too?

This weeks total savings figures:

Cash sealed tin:
£6.00 total

Online sealed tin:
£54.85 O/Bal
£30.00 paypal money from blog post received.
£84.85 total

£90.85 grand total. :D:D

£300.00 May Target
£ 32.83 Less Week 1 Savings
£ 90.85 Less Week 2 Savings
£176.32 To go!

Update on HF mortgage figures - checked account and it finally reconciles to my spreadsheet!

£97500 - Mortgage Start Balance
£94967 - Current Mortgage Figure
£ 2532 - Reduction in mortgage balance

£1105 total overpayments made
£1941 Interest saved
6 - Number of months term has reduced by :T
£7.11 - Reduction in monthly interest!

Some days it feels like it is really slow going but when I realise that this is only the 7th month we have had the mortgage I am very pleased with my progress!

**This week will be very exciting as ISA matures and I can OP last years mortgage savings**

Hope you are all progressing well too,

Stacey x

CathT

Great consistent progress as always,. Stacey you're doing fab!

I_want_a_baby

Thanks CathT! So Happy!

To everyone reading this post...be prepared....for a very...over excited....happy...stay at home mummy!!

ITS HAPPENED - THE ISAS HAVE MATURED - I HAVE JUST OP'D MY PRIOR ISA SAVINGS OF £1444.59 - PROBABLY THE BIGGEST OP I WILL EVER MAKE (Yes I did just shout that at you - sorry if it was a bit loud!)

HAPPY DANCING COMMENCING HERE :j:beer::T:D:rotfl:
SO here is my super dooper mid week update...

£93519 Mortgage Balance Now
£96517 Is what the mortgage balance would have been with no OP's.
£2550 is the amount of overpayments made (so far!!)
£4204 is the amount of interest we now don't have to pay Mr HF.
1 year 1 month is how much earlier the mortgage would finish if we made no more OP's!
£3980 is the amount the capital of the mortgage has reduced by.

SO happy this is the progress since the mortgage started in Oct 2012!! Wait though theres more....yes really...

When the Isas matured we also received interest totaling £356.09! Triple :D:D!

So this weeks figures are:

Cash sealed tin:
£5.00 Cash from purse
£5.00 total

Online sealed tin:
£0.29 difference between life ins budget & DD
£5.00 rest of contingency fund
£2.52 save the change
£0.18 save the change
£356.09 Interest on ISAS (was house deposits hence the amount)
£364.08 total

£369.08 total for the week....so far. :D:D

£700.00 May Target Revised from £300 to £700:)!
£ 32.83 Less Week 1 Savings
£ 90.85 Less Week 2 Savings
£369.08 Less Week 3 Savings
£207.24 To go!

I think I need to go and have a sit down now!

A very happy, smiley Stacey x

tootoo

Brilliant news! You're doing great
Yep we are paying off (very small payments) the mortgage early.

CathT

Wowsers, what a fab OP. You'll be in the 80's before you know it.

I_want_a_baby

Thankyou so much tootoo & CathT I am so happy! I am very determined to get to the 8's by the end of the year but it won't be easy - there will be a lot of teeny tiny OP's I think but no biggies on the horizon now x

Assistant

Hi Stacey

I have been enjoying your posts since the beginning.

I have a question for you, how do you get paid for Blogs? This is something I'm interested in doing. Can you offer any wise words?

Many thanks and long may these posts continue :T

Sam

I_want_a_baby

Thanks Sam,

The money that I earnt was from a competition that Moneysupermarket were running. They asked you to write a post including 30 ways to save £1 and they would pay £30 to the first 500 people who wrote such a post and sent them a link.

I have adverts on my blog but these make me about 50p a month so not a lot! To be honest I write my blog because I enjoy it - anything else is a bonus. There are lots of websites that write specifically about how to monetise your website - I would search for those .

So on top of the savings this week as previously reported I managed to save £3 from a pinecone survey and £2.75 in cash from the purse.

This brings the totals to:

Cash sealed tin:
£7.75 total

Online sealed tin:
£367.08 total

£374.83 total for the week!

This will be split 299.85 mortgage OP (80%) & £37.48 each to house move fees and family fun (10%ea).

£700.00 May Target Revised from £300 to £700:)!
£ 32.83 Less Week 1 Savings
£ 90.85 Less Week 2 Savings
£374.83 Less Week 3 Savings
£201.49 To go!

Really happy with the progress this week and hope that next week will be just as great even if the amounts are smaller!

Hope everyone else is getting on ok.

Stacey

I_want_a_baby

Hello everyone!

Very sorry I haven't updated in a while - fear not, I have still been OP'ing like a woman possessed!

So here is a very shortened version of what has happened since I last posted:

I have been getting more and more run down surviving on 4-5 hours sleep on the nights I work (2-4 nights a week)

I have been OP'ing a little too much - yes you can OP too much, our fun family life was lacking somewhat.

Husband suggested we concentrate on the now and enjoy the moment and make this house as close to our dream as possible and not think about upsizing until the kids are quite a bit older. I agreed.
I handed my notice in at my job the following day (still two weeks notice to work).

Still very tired but can see the light at the end of the tunnel now.

Daughter got chicken pox, them got croup and the had to have steroids as the croup didn't get better.

Son has been very bored and hyperactive as we couldn't go out.

Husband and I chatted again now we know I am not working. His pay rise should ensure that we meet all our obligations & still have enough money to have fun and take the kids out now and then & live for the now.

We still very much are committed to being mortgage free but are now putting no pressure or targets on this date and instead aim simply to OP as much as we can whilst still living life to the full.

Living to this mantra for the last few weeks has proved very fruitful to the mortgage OP's and fun!

Husband had laid two patios saving around £1300 on the quote price.
Our garden is now usable for the first time since we moved in last October. I can't describe how excited the kids & I are!

I have set up a specific blog to track my mortgage free journey (I have changed the URL in my profile if you want to see). I have also set up a mortgage free Facebook page - link on my homepage.
I am aiming to blog on this and a few other blogs (different subjects) and see if over time I can actually create these into income streams to help overpay the mortgage.

Phew!

I will update with some figures shortly but I have now saved over £5,000 in interest so I am staying focused for the long haul as I want this figure to rise!

Stacey x