Diary Mortgage Free Road To Change My Life

A_Frayed_Knot

:rotfl::rotfl:Scarlet pimpernel - springs to mind :rotfl::rotfl:

Love your mortgage figure - so if you pay £4056.70 (get it 4567) then you'll be under your £60,000 You know your there already really, just use some of the EF

You'll manage it just fine.

Must be some garage according to the costs you quote, I think I'd be tempted to make it almost like an extension with side door and windows, so I would have the choice later on to make it an annexe/games room/man cave office

You really need to be handy as these quotes are frightening :eek:
Remember to update your challenges - like the 2016 mfw :beer: and signature.
and Good Luck

Luckyinlife

Haha pimpernel made me laugh

Ya i could use the EF to get under the 60k mark now but i couldn't then aim for 55k this year as it wouldn't be possible. i really enjoy chipping away at it and seeing the balance come down on a weekly basis keeps me motivated

Ya the garage is around 28/30 square meters is size so is pretty big. im trying to do it without having any building regs so much less hassle for me.
If you can imagine a double garage door a single pvc door to the side is kinda what im going for.

The whole house is a man cave for me and the boy really haha

ya i had a quote to con create the drive few quotes around 700ish

found out materials are only £208 and hire a mixer £40 a day can save half by doing it myself with a mate crazy

ya i know im slacking big time afk :[ with the updates

A_Frayed_Knot

[QUOTE=Luckyinlife;7030080
Ya i could use the EF to get under the 60k mark now but i couldn't then aim for 55k this year as it wouldn't be possible. i really enjoy chipping away at it and seeing the balance come down on a weekly basis keeps me motivated

Ya the garage is around 28/30 square meters is size so is pretty big. im trying to do it without having any building regs so much less hassle for me.
If you can imagine a double garage door a single pvc door to the side is kinda what im going for.

found out materials are only £208 and hire a mixer £40 a day can save half by doing it myself with a mate crazy

ya i know im slacking big time afk :[ with the updates[/QUOTE]


I just meant o/p for the year, now, then you could "pay back" your EF throughout the year , instead of o/p your mortgage. Saves a whole lota interest, you know :cool: try the o/p calculators and see what you would be saving just by paying the lump sum now instead of over the year. Bet your surprised.:money:


My OCD is kicking in, get £57.40 paid - will leave you with a balance of £63999.00 :j


Big garage - great if you could save a few ££ getting the concrete done yourself.

Luckyinlife

Hey afk

I can see how much overpaying say 3/4k now can save me over the term of the mortgage but how do i find out how much it would save me just this year ?

I over payed £230 today :] so i should be under the 64k a wee bit now wooooop :] so another mini mile stone now :]

A_Frayed_Knot

Nice o/p Your now in your 63's :beer:
Is this a trick question or what, cause you don't just save over 1 year, you save over the term of your mortgage not only do you save but finish your mortgage earlier :j :j

Try Sue's linky - and put in the 2 scenarios, 1 without o/p and 1 with, it will show you the two side by side

http://whatsthecost.com/snowball.aspx

Hope this work cause I'm useless when it comes to linkys

lippy1923

Nice OP today Lucky. Well done for smashing the £64k mark.

Luckyinlife

Thanks guys :]

Afk haha ya i know it will save me over the term i find it keeps me motivated paying off here and there which still saves me money in the short and long term

seeing it drop every few weeks defiantly keeps me on top of it

That snowball calculator is great our mf dates are similar well mines 2025 so im sure well be pulling each other thro them 1k barriers as we go along :]

A_Frayed_Knot

Just do what works for you, your doing great anyways :jEvery 2 months with help from my o/ping I drop down to the next thousand Can't make up my mind if this is good or bad. Good for me, I think. No, definitely Good for Me

Luckyinlife

That is really good afk
if i can do 1k every 2 months consistently id be very happy myself
Thing is such a long process isn't it
Even if i chucked 20k at it tomorrow if i could id still have years left to pay it off so slow and steady i think is the best option so we can enjoy life as well :]

Firegirl

Well done on your Progress lucky:0)