The Mortgage-Free Mission

SavingRaven

Deleted post

Maybe_its_because

Hi SavingRaven,

Great to see you and an interesting story behind your current mortgage situation.

Its nice to see someone else with a mortgage of £200+k.

We are in a similar position as you - we bought a similar sized property in 2012 but luckily, being in South London it was somewhat cheaper

Do you have a MFW goal in mind...? there's a few people lurking around the MFW board with big numbers and 10year (ish) MFW targets.
We are optimistically looking at 10/11 years with some nice milestones in the meantime......e.g. less that £200k :eek: 50% equity :T that kind of thing.

Wishing you and your OH lots of luck

MIB

Maybe_its_because

Hi,

The calculators get stupidly addictive....I love my spreadsheet so much

Don't have a diary - although I do need to start one. I did have one from years back when I lived up north and my mortgage was, ahem, £70-odd-k

Have fun with the mortgage calculating and getting your emergency fund filled up.

MIB

Maybe_its_because

SavingRaven wrote: »

cooked 80 dinners

Brilliant but bonkers :D:D

Firegirl

Oh it's good to see some one with a 200k + mortgage!!!!

Good luck in your goals. They look good.

I have set my end of year goal just

System

SavingRaven wrote: »

Quick question for anyone who is reading and wants to share with me. I was wondering how much everyone gives themselves each month to spend on fun stuff?

We have £400 each a month that we use for nights out, presents, fun things and also for not so fun things like the dentist.
I try not to spend all of it - although need to get much better - and am aiming for a couple of NSDs each week but sometimes it's hard.

What does everyone else give themselves each month?

Hi SR, me & my OH have about £100 each for luxuries, sometimes slightly more if there's a big birthday or something Seeing as I used to spend £1K a month on luxuries (:eek:) I'm doing alright!!!

Sounds like you're doing really well to be getting rid of all of your debts. I love that you cooked 80 meals, very impressive!!!!

Tilly_MFW_in_6_YRS

Hi, I too joined the forum with a huge mortgage. Nov 2011 it was around £300k and I completely understand what you mean about the weight of it.

The forum is really supportive and has certainly given us the motivation to work our socks off, to clear it.

I have multiple pots, as I have an offset mortgage. Just a few: dental, car maintenance, fuel, Christmas, holidays, entertainment.

Money moves automatically each month into each pot and it stops me worrying.

As you are going to clear your sister's loan first, maybe do some Tilly Tidies this year. I move any pennies, and sometimes £ into a separate pot to offset against the mortgage. They really do build up and I would say I've averaged £40 a month OP by this alone, which in the dry periods between pay days is motivating.

Re the meals, that's fab and definitely saves time/£

Good luck with your plans.

Tilly x x

Luckyinlife

I know what you mean i do buy the odd thing i dont need or want just becouse its there but i have stopped this few weeks back now

I do still struggle not to buy my son silly things tho haha

Good work i think seeing more of the world and seeing people is more important than stuff :]

LadyGnome

Good news about your OH; not only a pay rise but also a sensible approach to dealing with his good fortune.

I have a London size mortgage too - it does loom over you a bit at times (which is why I am here).

Luckyinlife

Great news on the increase in pay :] always help

System

SavingRaven wrote: »

Loopybecs! Sorry I missed your post the other day - serves me right for trying to read and reply on my phone! Amazing that you reduced your spend from £1000 to £100 a month. I think the £400 is too high and am going to start squirreling some of mine away. Don't think I'll get OH on board with that though as he's upped his from 400 to 500 recently - his money so I can't really say anything! Plus he lets me do whatever I want with the rest of his wages!

I've been reading your diary (can't remember if I subscribed) and you're doing great! Amazing how inspirational these diaries are SR x

Ahhhh thanks!! These diaries are pretty amazing Congrats to your OH on his pay rise, and that he said to use it to OP the mortgage!!! I can't imagine my OH saying that :rotfl: