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The Random Diary Of Mortgage free wannabe.

12467…26

Comments

  • charlie007
    charlie007 Posts: 413 Forumite
    Going to work then home to list things on eBay. Need to keep focused. We had a no spend month in February so have been fairly relaxed with spending this month but need to get focused. Going to try and make an extra couple of hundred pounds between now and April. Fingers crossed.
    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
  • Mrs_Rachel_Trelfa
    Mrs_Rachel_Trelfa Posts: 404 Forumite
    Sixth Anniversary 100 Posts Combo Breaker
    FAB achievements so far and a great mindset. Keep up the good work.
    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. It is so motivating reading other people's diaries I will hopefully be able to make more over payments once the students come. I dont know how much I need to keep in my account for a rainy day but equally I dont want to keep money there when I am paying interst on it in my mortgage x
    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
  • Hurdler
    Hurdler Posts: 1,361 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Your emergency fund can be anything you want - I know what you mean about having money lying around but this month for me, for example, my car fund will take a massive battering but I am SO glad I kept that £2k lying around - it means my mortgage overpayment for next month won't be at risk and I can build it up again gradually.

    Same for my six month fund (I am a freelance journo) - I could wipe out 18 months of my mortgage in one hit, but I need that money as security.

    When I first started here someone suggested start with between 1-3 months ... But really it is whatever you feel comfortable with
    • Mortgage @ March 2008: £194,965 ; Lightbulb Moment: July 2011: £164,926; End Date: March 2033
    • MORTGAGE FREE: September 2015
    • MSE 1p Savings Challenge 2024 #50: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec = £223.84/£671.61
  • charlie007
    charlie007 Posts: 413 Forumite
    I think I will stick to 2k for the just in case account. I would hate to need it and it not be there.
    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
    Planted the next load of potatoes at the allotment today and used some good coupons for my food shop making it nearly half price. Bath and a book to soak away the digging :)
    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
    Working at home to save on fuel for the next couple of days. Going to list a few things on eBay. Just paid off the balance on our summer holiday so overpayments may just be 200 this month.
    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
    Made an overpayment of 107.06 to make the balance more even. Also worked out that the interest is about £20 a day. How depressing.
    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
    Some more details of people to stay with us as host families in the post today. Can't wait to get the first payments from that. We need to sell some of the big things in the spare room to make room for them but the money from selling will go into buying two mattresses and another single bed. Off to complete surveys :)
    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
    Managed to get the room
    Ready for the students today. Gumtree is amazing. Tomorrow am
    Planning on going to the allotment to make sure the beds are
    Ready. Z
    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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