Matt's mission to be MF!

Matt_The_Chippy

Hi Natty and Thistle,

I thought I had replied earlier to this but I guess my phone threw a wobbily!

Haha I'll give you that one Natty, garden like a building site, so I'll let myself off about the grass. Thistle, if I could, I would deck the whole garden so I didn't have to cut the grass!!!

Matt_The_Chippy

A new month, so new OP'ing opportunities!

My mate has given me the last £100 owed on the car he bought off me. OP'd last night. Now waiting for another mate to get his tax rebate, so he can pay for car he has from me. Should've charged Wonga style interest!

Have a good day all.

Matt_The_Chippy

Hi everyone,

Its all a bit quiet around here still. I seem to be having trouble making any extra from work. I can't get out of my overdrafts to stop having costs given. Even though I know its best to get out of the overdraft first, then make the OP's. BUT, I figure in the longterm, I would pay less interest from the mortgage. I've got a chunky vat bill this month and have been spending on the garden. Both combined, it has meant a withdrawal from the savings pot. When I get my car money, it will cover most of this drawback. Its not the best situation to dip into the savings but being self employed, it can be necessary to do so. I'm continuing to increase the pot even allowing for the dips.

Excited now for the DD coming out tomorrow. Its always nice to see how much interest gets paid.

Matt_The_Chippy

Its the 10th, so its direct debit time!

This means I have £243.77 as the OP part of the DD plus interest this month gets to £97.80. I'm really pleased about this as to me it feels like Santander are helping to pay my mortgage. Maybe in a month or two, I can look at over £100 interest paid to me per month. This now means my daily interest payable on the mortgage is just over £5.50, this is certainly a lot better than when I started this adventure.

Matt_The_Chippy

Hi everyone!

Its been hard to spend lots of time reading and posting on here recently. Work is very busy at the moment but its difficult to get saving as there always seems to be a new spend needed. No frivolous spends which is good.

I had a £1,334 vat bill which I had to to pull from the savings account. At least I've managed to replace this and still be near to £300 ahead of last month. I'm going to save my vat money into the savings pot, this way I can draw it back each quarter. I will benefit from the saving of interest over the period.

nattypants

That's great being busy at work Matt, although I hope that you and the chippies manage to get a holiday soon for recharge.

Matt_The_Chippy

Hi all,

Apologies Natty for missing your last post, yes we will be having some family camping time soon. Hopefully next week. We did have a long weekend at Bugjam (VW festival with 35,000 people there) last week. Was a very good weekend.

Sorry again everyone for not updating my diary with OP's this month. I've been on the ball with making payments as I've been working like a silly person!

10-7: Direct Debit OP = £243.77
10-7: Offset interest = £97.36
15-7: OP = £265.00
16-7: OP = £515.00
29-7: OP = £350.00

Monthly Total = £1,471.13

You could say I'm pleased with that! August won't be as good but hopefully towards the end of the month, things should free up a bit as I'm hopefully going to be starting a better paying job in a couple of weeks time.

Cheers all.

Tilly_MFW_in_6_YRS

Morning Matt, brilliant OPs :T

Tilly x

nattypants

Hi Matt - awesome MOP :j

Hope the weather continues to be glorious for the chippy camping holiday

Matt_The_Chippy

Morning ladies, thanks for the support. Feels good to have backing from this forum, we all understand what each other is going through, unlike the 'head in the sand' general public!

Just realised that with the OP's for July as well as the DD, I've paid over £2k on the mortgage! I'm staggered by this, as I never thought I could ever do this amount! I guess it just goes to show what can be done when you put your mind to it.

If I keep to target, I should have about £51k on the mortgage that is subject to interest by the of the year (mortgage minus offset). I'm sure I can get that down to a nice round £50k. My biggest concern with the mortgage is the raising of interest rates whenever that starts to happen. Hence my obsession to reduce the exposure to paying interest on the mortgage. I have a tracker Offset mortgage, so if I don't get a move on, I could be paying lots of interest in the future. Still its nice to be paid interest on the savings that goes towards filling up the savings pot more. Fingers crossed, next month should see the first £100 a month paid interest. Yay!

Have a super day all.