My MF Mission 2015

lippy1923

It's a declutter weekend for me.

Bathroom looking shiny and making use of the hundreds of soaps, shampoos, shower gels etc I have lurking around. It's getting silly now. My bathroom looks like a shopping aisle in boots

Money saving task 1) Not going to buy any more bath products until I use everything I have!

The master bedroom is done, just need the massive walk in wardrobe sort out.... think this will take at least a day :eek:
Will try to sort this tomorrow.

Money saving task 2) Sort out sellable stuff and list on ebay.

clear_as_mud

Try local facebook selling pages to save money on ebay fees. You never know. You could end up with a better offer and no postage hassle.

lippy1923

clear_as_mud wrote: »

Try local facebook selling pages to save money on ebay fees. You never know. You could end up with a better offer and no postage hassle.

Yes I do use facebook for a lot of my sales

lippy1923

Just looking at my current over payments.

So far I have shaved off 14 months of my mortgage term :j

Going to add this onto my front page. Another angle to work from in my MF mission.

Luckyinlife

Thats amazing lippy you'll cut so much more off now tho over time exciting times :]

lippy1923

Yes. It sounds odd, almost like I'm wishing life away but I'm looking forward to the years to come and seeing the figures change so drastically lol.

Really wish I had started OPing as soon as I got my mortgage, but I could only really afford dribs and drabs here and there. Life got in the way I suppose, baby/marriage etc.

Now it's all done I am really focusing. Would love to be MF by the time I'm 30 (4 years time) but that's not very realistic. Going to do my best though.

Luckyinlife

Oh MF by 30 would be amazing even if its 30 or mid 30s still amazing with a house of that value

also your ef is amazing do you mind me asking where youv put it all ? also are you going to keep adding to it ?

lippy1923

No I don't mind at all

£20k - 123 account - for 3% plus cashback earnings each month
£2500 - Nationwide Flex Plus account - 3% interest
The rest is in an ISA I have which only pays 1.5% but it's only got about £1k in it at the moment.

My new goal is to save a 2nd EF of £6k by 2017. If I can save that £6k while still keeping up the maximum monthly OP of £500 then I will use £20k in my 123 account as a bulk OP when my fixed mortgage deal ends.

I chose £6k as this is the minimum I would be happy to have in savings

Luckyinlife

Thats really good lippy thanks for telling :]

That 20k OP when it happens will feel soo good :]

i see all the money is really safe to :] ya 500 op and saving is really good work

My EF currently is going to go down a bit next week or 2 as im furnishing a house out i guess around 2-3k or so i dunno till its all said and done tho

isa's are soo poor arnt they currently

lippy1923

Your EF is great too. Good that you have one to use for house furnishing rather than having to get a loan.

ISA's are pants at the moment Have been for a while.