Eating the elephant

Luckyinlife

Well done :] that's a great achievement for 5 months work

we have very similar balances mines just under 65k :]

£600 is a great number 1.2k every 2 months coming off the balance is big on a 60+ k balance

whats your current LTV ?

Seanymph

Thank you so much for the encouragement LuckyinLife - I get none in the house, that's why I post on here!

Our LTV on the printout I get is 46.11%

I don't think that is correct though, because when we applied for the mortgage we didn't know what the house was worth, so just picked what we knew was a really safe figure, and the mortgage broker said it was undervalued, but the bank were more than happy - usually people overvalue houses they already own. I asked what the value was (I wanted to know) and he couldn't tell me, apparently they didn't put a value, just said ours was too low.

The explanation is because I'm not sure what the figure tells you, but ours may not be accurate...

Will the pay off go quicker the lower the balance is if I keep paying off the same amount? Only at the moment I'm looking at 110 months - give or take ten years - and I want it gone in 5.

So, if I keep the same amount going off (it will go up hopefully when other things don't come first!) then will the rate of decrease speed up can anyone tell me?

Seanymph

I have banked the cheque - it really is such an old fashioned way to be paid.

That went in yesterday, so next week the cash becomes available.

I'm toying with ignoring the roof, and paying £500 off the mortgage.

I have been putting 'bits' into all things as I've gone along - but nothing seems to go down (or build up) very quickly. I am now feeling that perhaps one thing a month with bigger chunks may make me feel that I'm making more ground.

The roof in France can wait until OH gets paid this month, and me next month. I am so fed up with the mortgage not going down fast enough I think I need to target that this month and feel that I'm making inroads.

I feel so impatient - I can see what I want to do, but money just doesn't come in quickly enough to get there!

In other news I haven't applied for the other job - I could work unlimited hours to be honest doing what I do, and I'm behind in the three places I currently work (although we are interviewing next Tuesday so I can leave one and get it down to two so that should help) - to go back up to three jobs, whilst nice financially, seems counter productive almost.

I don't know - I tell you, I can't make a decision at the moment to help myself.

£66,931.70 today £60 up on last week!

Seanymph

I've been reading about other people's trips in motorhomes and driving myself bonkers this week. It's motivating on one hand, but really really frustrating on the other.

The real reward of keeping a diary kicked in with this though, and I can actually SEE progress. That counts for a lot. To be able to see figures going down, and things I've paid off over the last few months that I would have just overlooked (holidays, tyres etc).

Having a list of the 'big things' makes a reference that does at least help to make it feel as if progress is being made.

Nothing on the money front to report - except for the fact that dividends do indeed appear in the Charles Stanley account automatically and count as a cash deposit available to be reinvested.

They really are very good (read swift and polite) at responding to dorky questions.

Off into work today - I don't like working Saturdays, but needs must.

Mr Sea came back from France having been very ill away, and has been coughing like I don't know what since, the GP gave him steroid inhaler and puffer, but he is no better - to the extent his boss talked to him on the phone yesterday and immediately gave him the weekend off.

He has agreed (FINALLY) to call the out of hours today and see another doctor. Thank goodness, I'm suffering worse sleep deprivation than I did when the kids where little!

sarahevie1

I think taking £600 a month off is a brilliant achievement, especially with renovations, motorhome planning etc.

Well done on getting dh into a pension, if employers are giving 4% in free money, why it would be rude not to:rotfl:

Seanymph

£66,938.53

See, £7 up in two days! I really don't understand this at all.

My cheque doesn't even show in the account yet, much less cleared - so that will be towards the end of next week I guess. I am so excited at the very thought of paying some off.

OH is now not going in on Monday either - the doctor he talked to yesterday said he would want to order bloods and x rays, and can't do either from an emergency surgery, so OH has to go to his own Doctor monday.

So we were up again last night for two hours - hello 3am!

I need to work today - from home - and it's a strange thing, I can spend hours looking and financial freedom stuff, reading motorhome reviews and blogs - but I seem unable to get my head down and earn the money for it.

Somehow I need to make that connection better.

Seanymph

Well x-rays yesterday and he has antibiotics - chest infection. He really is a poorly bear.

So I didn't do any work yesterday either.

I'm finding it more and more difficult to do any!

Seanymph

wahay the money cleared!

£66,972.70 outstanding - paid off £380.57

Also a tiny to the easy savings and a tiny to the Campervan fund. Car taxed. Credit card back into credit.

And there goes another set of wages!

Seanymph

I love the beginning of the month. It's my favourite time. I will update current outstanding tomorrow when hopefully yesterdays OP is credited.

Mr Sea is still off work, and now he is glum. The antibiotics are finished, but it appears pneumonia leaves you with a cough and no stuffing, sometimes for weeks. He wants to go back to work bless him.

I have nearly got the roof covered (finally) I thought I'd done it about four times - after this weeks money shuffle Mr Sea can move another £2,000 across next week and we are there. Thank goodness.

That only leaves one pay day until we go across for our holibobs though, so next month nothing too exciting may be happening on all other fronts. We'll see.

I did my last night at the job I have left last night - I am paid for another month to hand over, but all that is from home to my new replacement, so that's a relief.

Unfortunately I think I will miss the money so much I'll probably start looking again - I need though to focus on the house. We bought a 'fixer upper' and to be honest it still is. In fact, bits look worse because we've ripped out what was there and haven't put anything back.

Currently I'm of a mind to rent it out when we go travelling rather than sell it - so it would need a lot of work first.

Frustrating for Mr Sea that he's off, and can't 'do'. The bathroom shower tray needs fitting, and has done for a couple of months, but he's been so poorly for so long he hasn't been able to do it.

Oh well, he's mending now.

In other news no lottery win this week - checked the tickets this morning, best do some work.

Seanymph

Well 11th March - £69,986.57
This morning - £66,174.73

Paid off since 11/3/15 - £3,811.84

6 months - £635/month - and this month's normal payment is on the 10th.

I'm very very pleased.

The problem is with this logging on every day monitoring it I can see it going up by nearly £10 a day, which is really really bothering me.

I hate the stretches where it increases!

The job I didn't apply for phoned me yesterday - I weakened a bit, came home and Mr Sea said 'no'.

I'm still struggling with it - I want money!