My MF Mission 2015

lippy1923

AUGUST UPDATE- Start of the month

>£0 OP to the mortgage but normal monthly payment made 
>1 brick coloured in 
>£270 added to savings so far this month. Aiming for another £2000 added to the pot when payday hits at the end of the month

Results-
Total mortgage OP - £61,000
Mortgage balance- £32,500
Total Savings - £30,920

Only £1,570 difference between my current mortgage balance and my savings fund! I should be mortgage neutral in 16 DAYS  

lippy1923

A late end of month update. Didn't save as much as I wanted to with some unexpected bills popping up.

BUT, I am so very pleased to announce that I AM NOW MORTGAGE NEUTRAL

>Normal monthly mortgage payment made 
>1 brick coloured in 

Results-
Total mortgage OP - £61,000
Mortgage balance- £31,925
Total Savings - £32,200
Mortgage Neutral 

South_coast

Oh wow, congratulations! Fantastic work 😀😀😀

lippy1923

Happy Halloween 

I've been MIA for a little while since the mortgage neutral goal was achieved. 

Set another mini goal to end 2020 - To get my emergency fund to £40k. 
This will be challenging as recently splurged quite a bit on the credit cards and taking into account the inevitable Christmas spending. Hoping for a little Xmas bonus and some overtime which should help.> £3,825 to save in 2 months.

Results-
Total mortgage OP - £61,000
Mortgage balance- £31,365
Total Savings - £36,175
Mortgage Neutral  

lippy1923

NOVEMBER UPDATE- Start of the month

>£0 OP to the mortgage but normal monthly payment made 
>1 brick coloured in 
>Aiming for £1825 savings this month

Results-
Total mortgage OP - £61,000
Mortgage balance- £30,803
Total Savings - £36,175
Mortgage Neutral 2020!

lippy1923

END OF NOVEMBER and DECEMBER UPDATE- Forgot to update end of Nov so combining

>£0 OP to the mortgage but normal monthly payment made 
>£2150 SAVED November end of month 
>£3175 SAVED December

Results-
Total mortgage OP - £61,000
Mortgage balance- £30,237
Total Savings - £40,000 - GOAL ACHIEVED 
Spend Pot - £1500  (doing up the house next year)
Mortgage Neutral 2020!

lippy1923

Jan + Feb update
2x normal monthly payments made to mortgage
£3250 added to spend pot! - Which has now been spent.
£40k emergency fund maintained and moved around for better interest/ wins.

FEB GOAL- To save £2,000!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Results-
Total mortgage OP - £61,000
Mortgage balance- £29,108
Total Savings - £40,000 
Mortgage Neutral 2020!

lippy1923

Been a bit MIA for a few months, lots going on in life. Quick update- Made a few normal monthly mortgage payments, chipping away at the balance. Had 3 paydays with OT and a nice win to build up savings.

Results-
Total mortgage OP - £61,000
Mortgage balance- £27,971 
Total Savings - £62,100 
Mortgage Neutral 2020!

lippy1923

Decided to call it a day with this diary as I have recently moved house and started a brand new mortgage! Time to start a new journey and tackle this mammoth mortgage now on the family home.

Its been a good experience for me, starting this diary officially back in 2015!  and I became mortgage neutral in 2020 Hopefully my next diary will go as well as this one.
Thanks for all stopping by and giving helpful tips.

Fair well.

FINAL RESULTS FOR  My MF Mission 2015 Diary
Total mortgage OP - £61,000
Mortgage balance- £27,971
Total Savings - £62,100 
Mortgage Neutral 2020!