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This Time I'm Really Going To Do It

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Comments

  • Watty1
    Watty1 Posts: 7,653 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    So, as set by KC and ATB the MF date will be December 2016. 20 months to go :eek:
    Made it to mortgage free but what a muddle that became

    In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!
  • atypicalblonde
    atypicalblonde Posts: 3,057 Forumite
    Woohoo! :j I do love a challenge. What level of OP is needed per month to achieve that date Watty? X
    MFW :)
    [STRIKE]Mortgage 8.2.15 - [/STRIKE][STRIKE]£171,064.64[/STRIKE] Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
  • edinburgher
    edinburgher Posts: 14,273 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Wow! That's hardly any time Watty :)
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Brilliant! Details please, yes :) and is it 1st December or 31st December?

    :):):)
    2023: the year I get to buy a car
  • Watty1
    Watty1 Posts: 7,653 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Yeah I know hardly any time at all. I guess I better go for the end of December KC :)
    Actually its an average of £2250 a month and I'm not sure I could find that every month, but, heck I'll give it a punt and we'll see where we end up!! Just pull me up short if I try something crazy like spread betting :rotfl:


    Also working on financial independence though :) First step taken! It was an easy one. Had the house valued with just the garden, no stables and land.
    Made it to mortgage free but what a muddle that became

    In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Working on paying off the mortgage *is* connected to financial independence, watty! Like MMM says, it isn't automatic - if passive income covers your rent, then you're still financially independent. But I think most of us feel more comfortable with FI as "paid-off owner occupier", and I certainly do. Keep going!
    2023: the year I get to buy a car
  • edinburgher
    edinburgher Posts: 14,273 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I suppose you could always stooze a bit of it if you're struggling to reach the full amount? I know it's a bit of a cheat, but 0% debt is pretty useful on occasion.
  • Watty1
    Watty1 Posts: 7,653 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I am thinking stoozing might be useful November 2016 :)
    Made it to mortgage free but what a muddle that became

    In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!
  • Watty1
    Watty1 Posts: 7,653 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 29 April 2015 at 3:30PM
    Handsome baby went to vets for x-rays. Much improved. Still lame. So was not bones in feet causing problem. Now being referred for MRI. Not sure how much faith I have in vet now :(


    On the financials side 2 overpayments made this month and signature updated. Had to cheat a little and take some money from the TSB house repair fund but nothing coming up shortly so think that will be ok. And just realised I miscalculated the overpayment required per month to make Dec 2016 as did not take into account regular payments!
    Made it to mortgage free but what a muddle that became

    In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Watty1 wrote: »
    Handsome baby went to vets for x-rays. Much improved. Still lame. So was not bones in feet causing problem. Now being referred for MRI. Not sure how much faith I have in vet now :(
    Ouch. Sympathies for Handsome Baby, and for you too, actually.
    On the financials side 2 overpayments made this month and signature updated. Had to cheat a little and take some money from the TSB house repair fund but nothing coming up shortly so think that will be ok. And just realised I miscalculated the overpayment required per month to make Dec 2016 as did not take into account regular payments!
    Thats definitely in your favour then? :j:j:j
    2023: the year I get to buy a car
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