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Mortgage free by 2023 (!)
Comments
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August seems to be flying by. Woeful month for money making, but just about to hit payout for 1poll and I have £30 of cashback waiting to clear so September will be better.Job for today is to get some bedding and shoes listed on fleabay. Been cluttering up the house for too long.DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)1 -
Hope you managed to get stuff listed, i'm trying to list bits as i find them at the moment.1
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We seem to be due a mammoth decluttering session too. Where does it all come from???June 2025 - part 1 - £19,145 part 2 - £21,973 Total - £41,118 29 months to go!1
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Ending up donating the bedding to DH for dust sheets. On inspection it wasn’t in that great condition. Sold some boots and a few surveys came through so money earned up to a more respectable £64.84.Cant believe it’s nearly the end of August! And the weather is looking decent for the bank holiday weekend for once.Way too money has gone out this month. I’ll do a monthly update over the weekend!DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)3 -
Just sorted out our mobile phone contracts which end next month. It’s probably our one frivolous expenditure each month but handsets are nearly paid off so bill will reduce by £150 a month now and they wiped the last handset payment so that’s £140 saved. Current handsets are fine and we will stick with them.DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)4 -
That's a big monthly reduction, debtfree, great news.2023: the year I get to buy a car3
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✔️OP £2779.46 / £2500
✔️SAVE £3017.67 / £3000
EARN £1290.30 / £1500
Mortgage balance - £56,592.54
Mortgage percentage left to pay - 24%
87 months left
Hit my second goal of 2021 saving £3000. Just the money earned to go now. Pretty happy with mortgage progress. Have money stashed aside towards the next £1000 OP. Current balance about £300. Would love to get another £1k OP in this year but unlikely.
DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)4 -
Well done DFOD - smashing your goals already and we've still got 1/3 of the year left 😀😀😀 I reckon you'll manage that final OP....Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!4 -
Well done, I agree with @South_coast
that final £1000 will happen by hook or by crook.DON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest4 -
Well done on reaching your OP and saving goals for 2021 already! Still 4 months to go so maybe you make the extra £1000
Mortgage-free wannabe 2025 £571/30004
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