My MF Mission 2015

lippy1923

Must still have holiday brain as can't calculate correctly. I forgot to include my regular savings sum so I have actually reached a savings milestone of £25,000 as well!!!!

hiddenshadow

Congratulations on both milestones! Brilliant progress.

lippy1923

Another monthly update -

£500 OP
1 more brick coloured in - In the £80ks now - Just £300 short of making the 79's!!!!
1 month shaved off the mortgage term
£250 added to the reg saver

lippy1923

*September Update -

£500 OP has whizzed its way to the mortgage
1 brick coloured in (Into the 79k's now)
Another £10k milestone reached. The 80ks are now gone. Always have a mini celebration when 10ks worth of mortgage has gone.
£250 added to 5% reg saver

I must be insane but I'm starting my final uni year this month so will be hard at work trying to pass the last wave of exams.

My savings and total overpayments are neck and neck at £26k each

Firegirl

Well done! Great milestone!

lippy1923

October update-

£500 OP zinged to the mortgage today
£250 added to 5% Reg Saver
1 more brick coloured in (in the 78k's now)

Not all great news though. 1 more year of exams has now started. This does come with some hefty fees which I am funding myself. That combined with 2 lots of car insurance and car tax and I now have around £2800 on another 0% credit card. I don't seem to be able to go many months without taking on some form of new debt..... sigh.

lippy1923

Ooooo and another month knocked off the mortgage term! Bonus

lippy1923

November update-

£500 OP sent - £27k OP in total
1 month knocked off the term
1 brick coloured in
£250 5% reg saver - Savings at £27k


I still can't believe that if I had not made any OP's to the mortgage I would still have a balance over £104k. Nearly 5 years have been knocked off the term so far


Good news, I should have my degree fees refunded to me from my employer, once I pass!
Not so good news, it doesn't look like I will hit my December goal of £75k on the mortgage. I should be about £1200 out! Annoying.

lippy1923

Mortgage at £76,285 - I didn't quite hit my £75k goal but was close enough. I am happy with the progress I have made so far. Have been overpaying £500pm since the start of this diary and haven't missed a beat for over 3 years

December update is as follows;

£500 Mortgage OP - £27500 OP total
£250 Reg saver - £28150 savings total
1 Brick coloured in - In the £76ks now
1 more month knocked off the mortgage term - 5 years have now been knocked off the mortgage term in total, so big milestone


Somehow managed to save an extra £500, so savings have outgrown the OP reserve account. Think it was a combination of overtime and reigning in the spending. I should be getting a bonus in Decembers pay packet so hopefully I can relax a little over Christmas spending this year and not have it come out of my normal wages.


1st exam taken for my final degree year. 50/50 whether I pass or not, was very different to lower level exams, so I really have no clue. Fingers crossed. Hopefully I will have 1 more update this year, when I get my bonus and any Christmas money. I hope to have a final increase in savings for 2018.

lippy1923

Payday! All monies have been allocated ready for new year bills.
Happy to say I have reached over £30k in savings now due to a nice bonus