Hope is not an Effective Financial Strategy

Busy_Mee1

Wow Jimmy your 3 year figures are amazing and even more so given that you have three small children. It just goes to show that if you can be careful in your spending, you can have a good balance between being frugal and having a life. Well done !

shangaijimmy

Thanks busy and squirrel, reading those messages means a lot. Mrs SJ was at at concert with her niece last night so i whilst she waiting in between bands i sent her those figures. With a wife that can't see the effect of month to month towards the big picture, these figures had a big effect.

Up and at em this morning with my usual morning TT (sadly only 6p today), and spotted that out reg saver had matured. Although I've already took account of the cash on my OP spreadsheet I've really enjoyed the moment of transferring £3696.70 to the mortgage :j

So my next job is to open our 2018 reg saver :money:

EatingTheElephant

Such motivating figures, amazing progress :T

Belated Happy diary anniversary too.

greent

Abso - bloomin- lutely fantastic results there, jimmy! :T

michelle09

That is incredible Jimmy, well done. You're going to be done in no time at all, even that OP has to be nearly 4% of the outstanding balance?

shangaijimmy

Thanks all. This forum truly is marvellous for moral support, so glad i found it and was then brave enough to do a diary.

shangaijimmy

michelle09 wrote: »

That is incredible Jimmy, well done. You're going to be done in no time at all, even that OP has to be nearly 4% of the outstanding balance?

Great of reframing it Michelle!

michelle09

It might even catch Mrs SJs attention. Especially next year when it'll be a bigger percentage.

hiddenshadow

Really well done, SJ, it's so gratifying to be able to "zoom out" to the bigger picture and see the long-term impact of our MFW efforts.

shangaijimmy

Another hugely satisfying month. Over £500 total OP's and another brick coloured in on our house.

Monthly Figures

• Closing Balance - £96,102.38
• Total OP's - £544.01
• Net Reduction - £1,030.37
• Daily Interest - £4.32 (4p reduction)
• LTV - 43.49%
• % Loan Remaining - 70.66%

Diary Figures - 37 Months

• Total Diary Reduction - £39,897.62
• Total OP's - £22,110.46
• Ave Net Reduction - £1,078.31
• Ave OP's - £597.58