Mortgage free by 2023 (!)

XoCAlop

debtfreeoneday said:

Hello,

I'm usually found hanging out on the DFW diaries thread as you'll see from my signature we are still tackling debt..

However, my plan was always to start attacking the mortgage after that, but having just sat down and worked out how much we need to overpay to clear it in time for DH to retire at 65 latest, I think we need to start now!

I still have to focus on clearing the debt as it's on a slightly higher interest rate, but I don't see any harm in starting to overpay the mortgage a little bit here and there as well. I've found a debt free wannabe diary massively helpful in helping me to focus and curb any unnecessary spending, so here I am!

I don't expect masses of activity, but every little bit will help!

We have 14 years left on our mortgage with £118,031.21 left to pay wef today (I just realised I could access this online - will regularly stalk this from now on!) We want it gone by December 2023. We pay £921.60 a month which is effectively my wages - it feels a huge amount as it is, but I know we have to do more.

Would love some company for the next 9 years!!!

congratulations 🥂🥂 xx

CathT

Any mortgage overpayments in December are a huge achievement and it puts it into perspective when you look back on clearing that debt. 

Big announcements today, let's hope for some positivity to take us into the new year. 

debtfreeoneday

CathT said:

Any mortgage overpayments in December are a huge achievement and it puts it into perspective when you look back on clearing that debt. 

Big announcements today, let's hope for some positivity to take us into the new year. 

True Cath, just got to keep positive both about overpayments and announcements today!

debtfreeoneday

Dropped the kids at their class last night and went to a few shops. Finally managed to score some garden canes which I failed totally on in 2020, more because I refused to pay crazy prices to get them delivered. Replaced a little succulent plant in the bathroom which DH managed to kill with a fake one. Priced up some lino for the bathroom floor which is a job for 2021. 

Karmacat

Garden canes is thankfully something I don't have to buy - I've partly pruned my witchhazel tree (it was here when I arrived) and the branches are huge, 12' long, something like that.  They definitely can substitute for canes  

debtfreeoneday

Karmacat said:

Garden canes is thankfully something I don't have to buy - I've partly pruned my witchhazel tree (it was here when I arrived) and the branches are huge, 12' long, something like that.  They definitely can substitute for canes  

That’s so handy!  We did make do with a few long sticks but they weren’t ideal keeping the sunflowers propped up!

debtfreeoneday

Wages in, mortgage payment out.  New tier here although I did expect 4. Little OP of £2.83 to start off January (by the time it hits the mortgage balance)

Quiet day planned 😂 some sorting in the house. Get outside for a walk.  Feel very reflective looking back on 2020. What a year. 

Will post my goals for 2021 tomorrow.  Looking forward to getting going on those. 

Happy New Year all and thank you for the support this year. 

CathT

You were up early! Similar day planned here too - minus the early start. 

South_coast

Happy new year DFOD x

Karmacat

Gosh that is early!  Same sort of day here too, I'll watch out for your goals