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Hope is not an Effective Financial Strategy
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Any avid/crazed readers will recall a TT quest to get to £20 per month. Well it's been a close month and I've fallen just 4p short! This mornings figure was 92p leaving the pot at £19.96!
Accounts will be posted later (gonna do it at break with a brew in work), but a quick estimate sits our OP's for November at around £605!
Back later...MFW: Was: £136,000.......Now: £47,736.58......0 -
Superb OP, looking forward to your figures later :jBack on the DFW Wagon:
CC - £3,300 on 0% til 04/2020
CC - £4,500 on 0% til 02/2019
Loan - £12,063.84 as at 4/1/180 -
Well you beat me in November OP's.
Think it's safe to say you will beat me in Dec OP's as well. I am £50 short of my £500 OP to be paid tomorrow. Searching frantically for that extra £50 at the moment lol.Total Mortgage OP £61,000Outstanding Mortgage £27,971Emergency Fund £62,100I AM NOW MORTGAGE NEUTRAL!!!! <<Sep-20>>0 -
A fantastic month for us. Gonna keep this post with just facts and figures so here goes:
Highlights- Total Overpayments - £605.96
- Net Reduction - £1,083.81 (Highest since diary began)
- Daily Interest Now - £6.92 (49p reduction since diary began)
- Balance - £126,944.91
- Tilly Tidies - £19.96
- LTV - 57.44%
- Remortgage Loan Left - 93.34% (since diary started at £136k)
- Ave Monthly Reduction since diary - £1,006.12 (secret target!)
- OP's since diary began Mar 15 - £4,848.72
- 2 bricks coloured in!
Lowlights- Can't think of any!!
MFW: Was: £136,000.......Now: £47,736.58......0 -
Silly question, How do you calculate new reduction?Total Mortgage OP £61,000Outstanding Mortgage £27,971Emergency Fund £62,100I AM NOW MORTGAGE NEUTRAL!!!! <<Sep-20>>0
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shangaijimmy wrote: »...
- Net Reduction - £1,083.81 (Highest since diary began)
- Ave Monthly Reduction since diary - £1,006.12 (secret target!)
- 2 bricks coloured in!
Congrats (esp on the brick front, you know that's the best part
) 0 -
Lippy, i have a it in my spreadsheet to do it automatically. Off the top of my head though i'd say total monthly payments minus monthly interest.MFW: Was: £136,000.......Now: £47,736.58......0
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Silly question, How do you calculate new reduction?
It's the difference between your total payments for a month and the interest. If you make £1k worth of payments and the interest is £200, your net reduction is £800, thus your mortgage balance should be £800 lower than before the month started. (Basically, it factors in your regular payments + your OPs with regard to principal reduction.)0 -
Hidden - Its one of the best bits, but i always ask Mrs SJ if she wants to colour it in. That way she knows we're still working hard at it! She always says no and calls me a nerd (or something colorfully similar)!MFW: Was: £136,000.......Now: £47,736.58......0
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Top work :T Hope your colouring in is neat
Back on the DFW Wagon:
CC - £3,300 on 0% til 04/2020
CC - £4,500 on 0% til 02/2019
Loan - £12,063.84 as at 4/1/180
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