Mortgage-Freeeeee by fifteeee

RosieTiger

You need to get your other half on board if you want to achieve this.

Starting point would be get the bread and water mentality you mention in our first post out of the way

You can make serious in roads to your target but make sure your enjoying yourself on the way

Lois_E

I agree with Rosie. The thing is to convince your OH that there are significant savings to be made without resorting to bread and water (or even baked beans and lentils on alternate days). Have you shown her Martin's stuff about the downshift challenge? Do blind tests on each other to see if you really prefer the more expensive brand of everything or would be just as happy with the cheaper one. Then make the shift permanent for the products where you don't notice the difference, and start OPing the little amounts you save. You'd be surprised how quickly it will start to mount up.

MoneyHungry

I will be following with interest. And yes, £50 a month would make a difference.

FunLovinCriminal

Hi Rosie Tiger and Loie_E
Thank you both for your input.
I have tried sky, and they weren't for budging. Today I shall search around for life cover, see if I can get it cheaper.
As for the OH, she works hard, and likes to reward herself, so it shall be a little compromise. I remember watching the tv show Mortgage Free in Two years, where families put their lives on hold for two years and paid off their £120,000+ mortgages. I am not going to go that extreme, but think with some little changes, and being frugal we can pay this £90,000 with little pain.
I use TopCashBack a lot, raising £700 last year, which will go in the OP pot.
We both work for a large Supermarket chain, so we use our discounts where ever possible to save money, and shop around for deals.
I wonder whether to keep the ISA full and move to a Off-set mortgage, does any one have any experience, or know much about them?
Right, off to put dinner in the slow cooker - look forward to hearing all your advice.
FLC

DELILLIAH_BUTTERCUP

Hi FLC:hello:

Just wanted to pop by and wish you good luck with your journey:D.

Im at the 90k point too and just like you would like to pay off my mortgage by the time I'm nifty fifty.....but unlike you nifty fifty is only 7 years away:(. I need to overpay by £450 per month to finish it off by jan 2020, but I believe if I'm a really good girly then I could throw a little more at it and get it paid off sooner. Saying that I have a family of Buttercups to pay for so time will tell:).

All the best

Del. B xxx

FunLovinCriminal

Hi Delilliah and thanks for your support
I feel like a child making their first tentative steps. And they are tentative steps, and I'm not even sure I am heading in the right direction yet....
How do you know you need to overpay £450 per month to achieve your target - that would be a huge leap for me, just to know the calculations I need to achieve to pay it off in time.
Many thanks
FLC

DELILLIAH_BUTTERCUP

You need to input your details on the mortgage overpayment calculator on this site. Put your outstanding balance in, the current interest rate and how long you have remaining on the term, then just play around with the overpayment amounts and see how much even just a tiny amount can knock off in interest charges and years. Very thought inspiring stuff really:D. Have a go you will be amazed:T.

Del B. xxx

FunLovinCriminal

Well I've played around with the mortgage calculator - addictive stuff.
I've tried with Sky, and they werent for budging
I've also looked at energy bills and I'm tied in til July - but shall try again.
I'm definitely watching the pennies these days.
I work for a supermarket, and tended to buy lunch in there, and odd bits here and there, and the odd bits added up and up. So this has stopped and the change I was spending is going in to a huge penny jar!!
Every journey starts with a small step

FunLovinCriminal

Today, I set up my ebay account and have started de-cluttering. Cathartic stuff. Feel very motivated, but also relaxing in the knowledge that every small step is going in the right direction.
Every purchase is now done through tcb or quidco.
Even started a meal planner to try and reduce shopping bills.
I still look forward to any advice you guys have on how I may reduce my mortgage further.
This week has been expensive, both been off for wedding anniversary, and went away overnight - but booked via laterooms, so saved on tcb!
flc.

Calfuray

When you say you tried with Sky, who exactly did you speak to? What did you say? (I may work for them - shhh!)