The Mortgage-Free Mission

Maybe_its_because

well done SR - look forward to seeing your updated signature later this week.
exciting stuff!
MIB x

Luckyinlife

Great stuff SR :] glad youv changed your mind a bit :]

I look forward to your update on whats going on :]

Luckyinlife

Wow SR now that is more incentive to get the mortgage payed off sonner rather than later isnt it i guess with your wages youd be sorted for life in 5-6 years :]
Some would say your already living the dream from looking in from outside tho lol

do you mind me asking why OH pays less than you hehe ?

shangaijimmy

That's a great way of looking at it. Ours would be a £1050! Great motivator that viewpoint!

Luckyinlife

Ya crazy if i didnt have a mortgage on this house id ow less than £300 a month on bills you have to pay hehe proper motivation that is

I see thats fair enough sorry for being nosy i guess that was it im self employed and feel the same keep a emergency pot just in case worst case happens then overpay as much as i can monthly with leaving a bit spare :]

Luckyinlife

SavingRaven wrote: »

Not nosey at all LIL, it's weird how interesting other people's finances can be - suppose it's because we so rarely talk about this sort of stuff even with good friends. Money is such a taboo. If anyone knew what we were doing in real life I'm sure they'd think we're bonkers or most probably being tight!

Good to have someone else on the self-employed train - I love it but do worry about work drying up! Emergency pot is definitely important. Ours covers 3 months of expenses roughly but would be v tight. Should probably think about adding more to it but it's a decent base for now.

SR x

Ya it certainly is me and my family i have a small one me sister mam dad and grandparents are all open about money mortgage ect ect but friends ect not so much at all

i guess from the outside looking in it looks like we own a lot but in reality we just trying to pay it off. People say ohh you got some money aint you buying a house well ya it took me 8-10 years to save up when you was drinking it away lol

Ya self employment is the best thing iv ever done in my life even with the up and down income from week to week Emergency pot is essential for me as im doing it all on my own i need a year and a bit really which i now thankfully have if i had a wife tho id half this haha

Luckyinlife

SavingRaven wrote: »

So I have been reading lots of diaries today and getting inspiration. The main thing I realise my diary is lacking is a proper set-it-in-stone, my-god-you've-told-people-so-now-have-to-do-it target!

So...drumroll...thanks to LIL and Maybeitsbecause encouraging me to split extra money between paying back my sis and OPing I now have 2 goals.

By the end of 2015 I [STRIKE]want to[/STRIKE] will have:
1. Saved £30,000 towards the £40,000 I owe my sister
2. Get the mortgage into the £250s - it's currently £269,244

Better get on with it!
SR

SR that is an amazing target really is i hope you smash it :] sometimes all you need is a bit of a push to change your mind and it always opens up new choices :] do you think youll get your sister to pay the 40k off her house hehe

shangaijimmy

Great targets. You've said it now, that makes you commit even more!!

Luckyinlife

I think thats a great plan SR I think you should think 2 years ahead instead of a year this way youll see your sister payed of and start chucking lots of OP at the mortgage :]

Do you have to get a BLT soon ? whats this plan with this ?

Luckyinlife

Hey SR that was a good calculation mess up lol im kinda the same get what i earn in jan late feb as well so know how it is :]

well done on the OP amazing stuff :] let us know how much time and intrest it saved you wooooo :]