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The Random Diary Of Mortgage free wannabe.

charlie007
charlie007 Posts: 413 Forumite
in Mortgage-free wannabe


Where to start. I am 31 and my husband is 35. We have a little girl as have recently moved into our home. We have been lucky with property and have about 100k in equity and 210K left to pay. Scary. So I have decided we need to be more money conscious and we are trying not to spend any money at all in feb. we are now day 13 NSd in a row. It got me thinking we need to use the money we would sped better. We have some money in savings but it isn't really earnig any interest so I plan to sort out the online banking tomorrow and transfer some of that. I am also having a huge clear out and any extra I plan to put towards the mortgage. I need to see proper figures as the ones I have are just a guess.

I Have also started a vlog in the hope I will stay motivated. It is glib to be a long ride but needed to start some where. Need to change my signature when I am on the pc rather than my phone as I am sure it is about 10 years old.
Mortgage free Start amount feb 2014 227000. Current amount nov 2014 217000.

Challenges 2015
No alcohol January. No spend February
Write down all spends over the whole year
«134567…26

Comments

  • skint_spice
    skint_spice Posts: 13,538 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good luck Charlie.
    Mortgage OP 2025 £7050/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £34,965

    Money making challenge £78/400

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • charlie007
    charlie007 Posts: 413 Forumite
    So I sorted out my online banking and have 226k left to pay. I have to transfer some of my savings but not sure how much to keep for a rainy day. Also I have set up an overpayment of 140 a month. I just finished paying off my student loan so I won't notice :).
    Mortgage free Start amount feb 2014 227000. Current amount nov 2014 217000.

    Challenges 2015
    No alcohol January. No spend February
    Write down all spends over the whole year
  • charlie007
    charlie007 Posts: 413 Forumite
    Just sent this text to my husband

    If we pay back 140 a month extra on the mortgage and pay 3k off out of our bank we will save 34k in interest and pay the mortgage back 6 years earlier!!!


    Now to get listing on eBay :). I have some motivation :). I am also putting up a vlog as am very excited :)
    Mortgage free Start amount feb 2014 227000. Current amount nov 2014 217000.

    Challenges 2015
    No alcohol January. No spend February
    Write down all spends over the whole year
  • Muser1
    Muser1 Posts: 795 Forumite
    Lots of luck! X
    Mortgage Jan 13 99260.00 87253 April 2017
    Emergency fund 700.00
  • charlie007
    charlie007 Posts: 413 Forumite
    Thank you. I am listing on eBay like mad :)
    Mortgage free Start amount feb 2014 227000. Current amount nov 2014 217000.

    Challenges 2015
    No alcohol January. No spend February
    Write down all spends over the whole year
  • yukkibear
    yukkibear Posts: 5,556 Forumite
    Part of the Furniture Combo Breaker
    Good luck on your journey
  • littlegreenpeas
    littlegreenpeas Posts: 353 Forumite
    Good luck Charlie, for us the biggest saving has been planning meals. It saves trips to the supermarket that 99% leads to overspending.
    Lgp
    Mortgage value was £135,000 now £43,218
    TCB total £1200
  • Habibiboo
    Habibiboo Posts: 1,582 Forumite
    charlie007 wrote: »
    Thank you. I am listing on eBay like mad :)

    :wave:

    Hi ... just to say it's free listing on there this weekend and good luck with your MF journey!
    Stash busting 2014 45 / 60 (balls of yarn)!
    2014 Sealed Pot #2136 ?/£500
    House: Decluttering 322 / 365
    Original mortgage [STRIKE]£149,000[/STRIKE][STRIKE]£117,750[/STRIKE];[STRIKE]£112,500[/STRIKE] MFW 2014#69 GOAL 1: [STRIKE]£109 K April[/STRIKE] ;) GOAL 2: [STRIKE]£103 K by Sept[/STRIKE] ;) GOAL 3: < £100k by end of 2014 MF goal: Nov 2020 - 4 years early
  • Mrs_Rachel_Trelfa
    Mrs_Rachel_Trelfa Posts: 404 Forumite
    Sixth Anniversary 100 Posts Combo Breaker
    Wish you all the best and welcome to the club
    House purchased November 2013
    Original MF Date: January 2045 - £104,400
    Current MF Date: April 2030- £48,719. 75
  • charlie007
    charlie007 Posts: 413 Forumite
    Thanks for the heads up about free listing. I have been sewing and hoping for some sales. Also been looking into getting some forigen language students. Anyone else done this? It is 150 per student per week. Max of 4. We are thinking we may begin with two under 18s for a try. Hopefully we will have a visit this week to talk more about it. Few bids on my eBay items. Not spent anything again today :)
    Mortgage free Start amount feb 2014 227000. Current amount nov 2014 217000.

    Challenges 2015
    No alcohol January. No spend February
    Write down all spends over the whole year
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