Hope is not an Effective Financial Strategy

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  • try_harder
    try_harder Posts: 1,527 Forumite
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    Yes have a great holiday
  • SuperSecretSquirrel
    SuperSecretSquirrel Posts: 1,046 Forumite
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    Thirded, enjoy your break SJ :)
  • themadvix
    themadvix Posts: 7,943 Forumite
    Mortgage-free Glee! Photogenic First Anniversary Name Dropper
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    Fourthed :) Have a great time away, hope the weather's good!
    Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days

    'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway


  • shangaijimmy
    shangaijimmy Posts: 3,796 Forumite
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    Reporting in from the caravan with my figures for May. Its month 39 on this diary/challenge and things are ticking along nicely indeed. Enjoy the figures, i certainly have!

    Monthly Figures
    • Closing Balance - £93,938.84
    • Total OP's - £587.49
    • Net Reduction - £1,076.79
    • Daily Interest - £4.22 (5p reduction)
    • LTV - 42.59%
    • & Loan Remaining - 69.07%

    Length of Diary Figures - 39 Months
    • Total Balance Reduction - £42,061.17
    • Total Diary OP's - £23,292.60
    • Ave OP's - £597.25
    • Ave Net Reduction - £1,078.49
    MFW: Was: £136,000.......Now: £61,892.24......
    Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34
    MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
    1% Mortgage Challenge 2022 - £157.59 of £650
  • Busy_Mee1
    Busy_Mee1 Posts: 1,015 Forumite
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    Fab figures Jimmy - love the fact that you are reporting in from the caravan. A true MFWer
  • newgirly
    newgirly Posts: 8,967 Forumite
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    Great update jimmy :)
    2022 MFW 67 - 33 month challenge to clear mortgage, currently month 19 🙂MFI3 No.12
  • gallygirl
    gallygirl Posts: 17,228 Forumite
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    Fab figures Jimmy :)

    That average OP figure is very close to £600........... just saying ;).
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • shangaijimmy
    shangaijimmy Posts: 3,796 Forumite
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    Thanks all. Its agony trying to get that average OP above £600! I managed it for about 3 months last year, but then its dipped below. I also have the tantilising net reduction average just £23 off £1,100...just saying...;)
    MFW: Was: £136,000.......Now: £61,892.24......
    Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34
    MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
    1% Mortgage Challenge 2022 - £157.59 of £650
  • Suffolk_lass
    Suffolk_lass Posts: 9,361 Forumite
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    Ooh loving the way you set out that report SJ - very impressive progress. Relax and enjoy your break
    Save £12k in 2024 - #2 target is £5000 only £798.34 so far
    OS Grocery Challenge 2024 31.1% spent or £932.98/£3,000 annual
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My Debt Free Diary Get a grip Woman
  • Karmacat
    Karmacat Posts: 39,460 Forumite
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    Brilliant figures, Jimmy. I love the way you want the averages to be tidy :)
    2023: the year I get to buy a car
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