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Hope is not an Effective Financial Strategy
Comments
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We have an early bid on the games bundle
Hopefully that will motivate me to get some of my golf polo's listed. I'm off work today so have a dog walk planned this morning and may get those items listed when I get back.
Small TT this morning, and we're now only 2 sleeps from completing year 5! And 2 sleeps from the bonus leap year OP
MFW: Was: £136,000.......Now: £47,736.58......8 -
Good work SJ!DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)4 -
1 more sleep till 'leap year overpay'...! I made a small 56p TT this morning to keep chipping away. TT's are the chips and then the big OP like tomorrows is like a chunk falling off the iceberg into the sea!
Tackled the Narnia cupboard this evening! I reckon I've added 4 coats to friends donation bag (and then delivered the 3 bags of clothes), and added a further 6 to CS bag (plus a couple of scarves). I still think we have too many coats but at least its reducing! I've also got a tremendous amount of carrier bags (adding a 5p charge to stop people buying has no stopped Mrs SJ) that will be going to recycling point tomorrow. I'm going to have a rummage around the garage for some things to discard tomorrow.MFW: Was: £136,000.......Now: £47,736.58......8 -
Good going on the decluttering Jimmy!
Love the visual of the ice dropping off the iceberg - a very good analogy!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 Hemingway6 -
I think they're 20p in Sainsbury's now - and BF uses them as bin liners 😮😮😮!
Loving the iceberg analogyMortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!6 -
'Leap-day Overpay'
Method:
Daily Interest x Multiplication Factor (Number of days in the month) = OP Amount
£4.15 x 29 = £120.35
* Anyone wishing to join then choose your own multiplication factor
* I've also made a £1.06 TT this morning.
MFW: Was: £136,000.......Now: £47,736.58......10 -
I have just done mine - I went for 5 leap days this century then the date in the month and then number of remaining payments if the mortgage runs its term - so £5,292.90 (using most of the 3 matured regular savers)shangaijimmy said:'Leap-day Overpay'
Method:
Daily Interest x Multiplication Factor (Number of days in the month) = OP Amount
£4.15 x 29 = £120.35
* Anyone wishing to join then choose your own multiplication factor
* I've also made a £1.06 TT this morning.Save £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
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 new diary is here9 -
You're a star, Jimmy, there's no doubt of it! Have a great Leap Overpayment Day!
2023: the year I get to buy a car6 -
No fancy calculation for me. Just a nice round £500 paid off the mortgage
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Great OP's, well done.2022 Target - Reduce new mortgage balance after house move - Part 1 (Ported) Starting balance £39,982.12 currently £37,242.19 Part 2 Starting Balance £101,997.88 currently £96,197.38 (as at 19/04/2022)6
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