Mortgage Free in Three Yrs

Trying_to_be_good

I've been away for four days and there are so many new inspirational posts! I went to Denmark with my OH for a short break - he had a day's work, and the rest was our holiday, but it was all paid for and we had a fantastic time.

Then I got home to a PM from SouthernScouser, telling me I had £85 from his money-making scheme to withdraw - a holiday where I come back with more money than I left with is my sort of holiday!

Keep it up everyone! I love reading it all.

Dithering_Dad

Kaz2904 wrote: »

DD, I feel another challenge coming on!
You need to find an extra £78.83 to be halfway clear from your interest only mortgage. I challenge you to clear that this month (by fair means or foul!!!).
I'm sure you can find an extra £74 lying around somewhere (I looked under my mattress to see if I could help you out, so I can kick start you with some dirty socks and a couple of moths?!!!).

Hi Kaz,

I've found another £500 quid lying around in my bank account and overpaid it onto the mortgage. I've now paid over 50% of my Interest Only mortgage!! YAYY!!

My next milestone is to have paid off 25% of my mortgage. I think I'm only about £1500 short of this target, so hopefully will have reached it by the end of this month.

note: When I say I "find" money lying around in my bank account, I really mean that there is money left over after I've moved money into my missus's housekeeping account, our direct debit/bills account and paid off various credit cards (business related), so I let it build up and then throw it at the mortgage.

CharlieBoy

Hi,

Sorry to change the subject slightly but what is the £2 savers club that some people have as their signatures?

catshark88

The surfer family were my inspiration to start up a business that I could work around looking after my baby. They were so positive and the whole family really pulled together. Their stoves were great too.

Why does it take Barclays 3 days to credit my Woolwich mortgage account with what they have just taken from my current account?? Barclays owns the Woolwich, the payment is hardly going to bounce!!:mad:

Kaz2904

I've been away for two weeks so it has taken me a little while to catch up on what has been happening on this thread.
I'm going to update my signature now as I have some new figures but I was pleased to find that DH and I had been given our £50 each from A&L so transferred that straight over to the mortgage account. DH doesn't know about it yet though!
I'm going to update with todays figures but I know that they will change before payday (the 22nd) as I may have more transactions coming from our purchases abroad (Petrol) although I don't think that we did spend any more money on card since DH took some cash out on the 31st. I seem to remember him taking out 300 euros and me saying "Why so much?" but it worked out alright because we subbed his brother to stop him needing to withdraw and he was able to give it back in English.
I couldn't believe it when my SIL was saying that her DH was taking out the cash from HSBC as she has a nationwide flex account. I told her 3 times that she wouldn't get charged and she just said "yeah but we used his card last year and didn't get charged that much- only a couple of quid each time" never mind, it's not my money to worry about.
Another thing that happened while we were away was that I was getting huge amounts of grief one night from them because I miss out on so much at weekends and in the evening. BiL said that I was too focused on making money to spend any time with my family. That really hurt because (as I pointed out) in my job I will always have to work weekends, lates and night shifts even if I wasn't on permanent nights. Unfortunately we do both have to work and even if I dropped my hours at work I would still miss out on masses of stuff. I could change jobs but as DS is not at school until next year I would have to find chldcare for him. So this is our current course of action.
If I am able to find a job once DS goes to school that doesn't do any unsocial hours then I may take the pay cut.
It made me really cross because we both work damn hard to keep our family afloat and instead of just blowing the extra cash we have left over we are careful so we can clear as much of the mortgage as possible. They are there with SIL at home (7 years now) and her DD will go to preschool next year. They are talking about what job she is going to start and I warned them about how difficult it can be to have a life when both of you work and the kids are small.
He said it would be fine until I pointed out the holidays etc as you can't take off 10 weeks a year from work to suit holidays. So unless SiL is going to get a new job every term she will probably find it is difficult.
I'm still seething about it now. I work full time and am able to pick up the kids and drop them off at school every day. I can go to the functions that they have going on during the day and all of that. GGRRR.


Anyhoo rant over! DD, glad you found the extra money. I have no doubt that you will be able to find the extra in a short time.

ailuro2

Kaz- ignore them - they are obviously fools who do not appreciate the efforts some people make to give their kids long term security, (which they will thank you for when they're older)- a missed school trip here and there isn't the end of the world. I remember having no money a lot more than any trips my mother came on.:rolleyes:

Shift work brings in extra money, which is why my DH sticks with it, I'm lucky to be on dayshift now after years working shifts, although I'd like the extra money back! We do miss out on things throughout the year, but make up for it at other times when he is off.

The people you write about are the people who might even be jealous of you in a few years when your mortgage is paid off and you're able to cut back on your working hours, while they are still slogging away, and still paying stupid bank charges:p .They will likely go the full 25 years on every mortgage they have!

You're right to say it's not your money-I prefer to think of folk like them as the ones who keep the bank's profits up effortlessly, thereby stopping the bank charging us for writing cheques, having standing orders etc.

Kaz2904

Thanks for that ailuro2. I think I'm so cheesed off because I hate missing out on stuff. It's not that the kids or anyone misses me when I'm not there because they are having too much fun. I don't like missing out which is why I am slogging my guts out now so that I don't have to spend the rest of my life missing out.
I think the problem these days is that there are very few jobs where you don't have to work any unsocial hours. There is no such thing as Monday to Friday 9-5 in most jobs.
Shops are open 24 hours or late evenings and everywhere is open at the weekends!

Martinslovechild

chickadee wrote: »

I remember watching that too. The thing that sticks in my mind was that they had a great sense of humour. I remember a sketch where they were sitting down to tea and the mum was pretending to feed the children tuna cat food. The kids were sitting round with their little bowls, licking their lips as the mum scooped cat meat into their dishes.......at least I think it was a joke. :eek:

They were inspirational though. The mum taught yoga for surfers and I think the dad made those fabulous little stoves out of old gas bottles.

There's a nice little clip of that episode here. The couple are called Dan & Lucy.

You can check out the Hot Pod stove that Dan built here on his website.

inkie

Kaz - keep focussed - you and your family will reap the rewards! When our kids were younger, I did evenings and weekends - the opposite shifts to my hubby as there would be no child care costs, and of course, those shifts were a-plenty, as no-one wanted to do them!

Keep focussed - keep up the good work.

gallygirl

Where is the naughty step . I know no official update this month but naughty number 11 has INCREASED debt by £395.47. _pale_ GULP.

Must do better next month (& I will do if those lovely people at the IR give me my tax rebate in time :lovethoug).