Back after my break

drinkduffbeers

Here is the progress for the first 5 years complete with 2 year blip:beer:

Imported from noddle so format a bit corrupted



Balance history


Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

2013
45,500 44,000 42,500


2012
47,499 49,999 49,999 49,999 49,999 49,996 49,999 48,999 47,999 46,999 46,999 46,999


2011
56,200 54,600 53,000 51,400 50,900 52,400 51,800 50,999 50,199 49,399 48,599 47,999


2010
70,500 70,000 69,000 68,000 67,500 67,000 65,500 64,000 62,500 60,900 59,300 57,700


2009
83,000 82,000 81,000 80,000 79,000 78,000 77,000 75,500 74,000 72,500 71,000 70,000


2008
96,000 95,000 94,000 93,000 92,000 91,000 85,000 84,000

spidystrider

Wow you have done so well. I am glad to hear that you did take a break and spent some time just enjoying yourself though
I started with a mortgage of £151,000 in November 2009 and really hated owing so much. I have been really obsessed with it over the last 3 and a half years and I am now sitting around the £64,000 mark. I have decided that for the sake of my sanity and the enjoyment of my family, that I will be cutting right back on my overpayments at the end of this year. Right now we are just existing and it's time we started to living again. You never know what's round the corner.

drinkduffbeers

Hey impressive stuff there spidy. Congrats:T

I needed the break for sure but can now almost see the light at the end of the tunnel. So going to stick at it


Totally see where your coming from and easing up a bit to enjoy your family

I just got a dog. A reasonably cheap means of entertainment and healthy to boot:rotfl:

drinkduffbeers

Just been tweaking my monthly budget from next month.i think it's quite workable and Irons out most nasty surprises nicely. !!


£400. Monthly spend -Basically food petrol whatever I need. ( I just chuck it on my cash back credit card - balance paid off in full each month )
£2000. Mortgage capital
£115.Current Mortgage interest (as it decreases savings converted to:beer: beer )
£50. Car maintenance offset pot
£23. Ground rent. Annual service charge offset pot
£44. Gas elec
£21. Water
£35. Fibreoptic broadband and line rental
£11. Mobile phone
£15. Union fee
£ 92. Council tax
£18. Dentist
£24. Car insurance
£16. Home insurance
£6. Pet accident insurance.
£50. Beer tokens. :beer:! New Category.im using my old abbey current account purely for this!
£75???Any left over swept into offset contingency pot

Does this look comparable to others mfw out there?

drinkduffbeers

:):):). June 13 update. :):):)


Final push to Mortgage Freedom :j:j MFiT-T3 #153
Jan 13. Mortgage£47000 @>1.5k pm Target date. Dec 14 £0
Jan 13. Loan.£1765 @353 pm Target date. May 13 £0
UPDATED 11/06/13 Payment 6 of 24 completed
Currently ahead of original target:beer: stretch target now Oct 14
Mortgage Capital reduced by £11000 -outstanding balance £36000
Loan reduced by £1765 -outstanding balance £0 :T:T:T:T:T

drinkduffbeers

Allready a quarter of the way through this challenge and momentum building up nicely:T:T:T:T:T:T:T:T

Now that my loan is cleared I have increased my monthly mortgage capital payments to £2k

I think 2k is about as much as I can realistically achieve. Already cut expenses to the bone


Running out of savings ideas to be honest. I allow myself a set amount each month for living which seems to work well.If I use less petrol ( now cycle to work)I spend it down the pub guilt free:)

Not much more to go at however Ive pocketed a bonus of £2.1k this month so an additional 2k overpayment on the mortgage and more importantly £100 on beer

So a handsome 4k payment this month takes a nice little chunk off the outstanding balance

New stretch target now added.I originally dreamed of mortgage free by 40. Well thats going to be impossible, but if I can clear the outstanding balance by October 14 then I will be mortgage free at 40 ( just lol)

Freedom here I come.

drinkduffbeers

Don't count your chickens before they hatch!



I was a little optimistic with my bonus and have a few 1 off expences to cover so my overpayment for June is down £500. ( 3.5k )

Additional expenses

Spay dog - £220
Repair broken french door window ( lawn mower boo boo ) -£200
Speeding fine -£60 - whoops :eek:37 mph at 04:00hrs deserted clear road

Oh well what a rubbish way to spend £500

Figures updated to reflect the above expenditure

if_at_first...

You've done a great job - can't wait to be mortgage free myself. Makes all of today's sacrifices worth it :beer:

drinkduffbeers

Not much to report this month

My budget whilst tight is achievable and the best one I've devised yet, I'm sticking to it like glue and quite enjoy ticking everything off as its paid

In fact in a 5 day period I'm paid, all DD's and standing orders go out then back to a zero balance so it's quite a slick setup and keeps me from temptation

However as its so sunny I've sold a number small value items on eBay to fund a few extra beers

!figures updated below

drinkduffbeers

:):):). July 13 update. :):):)


Final push to Mortgage Freedom :j:j MFiT-T3 #153
Jan 13. Mortgage£47000 @>1.5k pm Target date. Dec 14 £0
Jan 13. Loan.£1765 @353 pm Target date. May 13 £0
UPDATED 05/07/13 Payment 7 of 24 completed
Mortgage Capital reduced by £13000 -outstanding balance £34000
Loan reduced by £1765 -outstanding balance £0 :T:T:T:T:T