2.5 years MF Plan

Stressfree_WB

Hi want to save

That's excellent - your planning on being MF by the end of the year. Well done. It would be a brilliant position to be in - mortgage clear and some savings. We can spur each other on !

LauraJo

Hello!! Another impatient, ambitious MFW!! Welcome! You are just like me - many said I couldn't do it but I'm nearly there now!!
Echo what others have said - get a lodger. You can earn nearly £5k per year tax free and overpay the lot. The way to get your head round that is to say for every x number of months I have a lodger, it takes a month off the target end date - really helps focus the mind!! Also, as with a couple of others on here, I now love having a lodger and the last 2 have now become good friends.
The Tilly tip of meal planning really worked for me, reduced waste and saved me a fortune.
Any payrise you get between now and your target date, overpay.
Finally, know how much it will cost to take a month off your end date. If it was say, £2000, you will try and find a way to make £2000 in a year or 2.
Post regularly, it helps!
Good luck

want_to_save

well that is the plan i have aprox 18k to pay off - and have this saved want to save as much as poss to prob 3k this year to act as a buffer (this is in addition to OH pension, my pension, xmas saving, birthday saving and every day saving lol) out of fixed rate in August so want to get it paid as soon as poss after. If we dont manage to do this then definately by my 40th (next sept ) lol

Stressfree_WB

LauraJo wrote: »

Echo what others have said - get a lodger. You can earn nearly £5k per year tax free and overpay the lot. The way to get your head round that is to say for every x number of months I have a lodger, it takes a month off the target end date - really helps focus the mind!!

Hi LauraJo

What you have said has really hit home for me. I've just done the sums and i can be where I need to be in 2 years time rather than 2.5/3 years with the help of having a lodger for 12 months.

Also what you have said about people thinking that its not possible to be MF, your right. Looks like we get the last laugh :rotfl:

Going to look into renting a room this weekend. Will update any progress. Thanks.

LauraJo

No probs
I just advertised online and got a few weirdo's and a few nice people turn up! You can always say no to people if you don't want to live with them.
Good luck, keep us posted...

pennyforthepot

Way to go StressFree

PFTP x

Stressfree_WB

What a day - so I had an idea to make some extra cash and de clutter my home also ! Decided to rummage through my home to see what I have that can go towards a car boot :

-50 music CDs
-2 DVD players
-iphone 2g
-Playstaion 2 with 20 games
-freeview box
-old laptop with bag!
-old digital camera

I did not realise I had these lying around. I'll let you know how much I make in a few months. Won't be much - but it'll help. Going to see if my parents house has anything too!

On the lodger side of things. It just so happens that my friend is looking for a spare room! Nt sure how long for as we're going to meet up on the weekend. It might not be the best of ideas renting to a friend ? But sometimes it better the devil you know ( or so I've heard !)

Also on a quest to use up what I have in my house instead of buying it. I pulled out two gift sets from my wardrobe that I got from last Christmas with moisturises in that I needed ! The small things hey!

Stressfree_WB

Joined a market research group today. My friend got my onto it. Got my first session next week. It's £80 for two hours work. Not bad hey !

That £80 will go straight to my offset savings account.

Also I've heard that eBay sometimes do free listings. So I might wait for another one of those so I can try and flog my stuff ( rather than doing a car boot!)

teabody

Ebay currently has free listings at the mo...not sure how long its on but you can list up to 100 items! Tell me more about this market research!!! Good money!
Not sure where you are but have you got 'Used ...............' where you live? We have 'used Birmingham' ....you can list items for free and its local so no posting.:)

Stressfree_WB

Thanks teabody

Ive just checked it out and Free ebay listings ends tomorrow at midnight. I'll get uploading tomorrow!!

Good luck with the 12k challenge