Mortgage free by 2021?!

hiddenshadow

The barn shuts up from Dec 16 - Jan 9 for the holidays. Otherwise I would definitely fit in more riding over the break.

I've booked in an extra lesson on Wednesday (as we'll be flying back from London on Saturday), and already booked in for January, so at least that's sorted.

Also asked about loans and they're €320/mo for a full lease. Might consider that for later in the spring when I'm a bit more in the groove (and ideally less in need of someone to correct my position constantly!). I don't know if they do them over the summer when it's high season (barn also runs a B&B/equestrian holiday scheme), but at least with loans I can do a month as and when it suits.

Gone riding 4x now and it's still good. This weekend I've even felt pretty normal the whole time post-riding...bit fatigued last night, but that's not unusual even for days when I haven't ridden. Granted, yesterday's lesson was all walk/trot and trying to get pony to bend/accept contact properly (which he can do quite easily, it's me that's the problem!). I need to figure out other exercises to do between lessons to strengthen/add endurance.

Pony is also pretty much my dream horse...youngish (8-9yo), still dark grey (swoon), chunky (probably ISH) but moves quite well off the leg. We jumped last week and he was very nice there too...good scope but didn't get fired up just because we were jumping (though he did lose his mind a bit earlier in the lesson about some invisible gremlin outside the arena!). Just as well that I'm not in a physical or financial position to buy a horse at the moment!

Watty1

horsey sounds lovely and always willing to encourage ill considered and unaffordable equine adventures as you know from own diary

hiddenshadow

Thanks Watty, I know who to come to for enabling!

(Dangerous bit of managing the finances: DH is pretty much on board with any decision I want to make as long as I can argue the logic for it...he's already said a loan would be fine, could probably argue in favour of livery instead. Perhaps as well as a car upgrade post-house sale we could also manage a pony purchase...:p Though logical brain says we should sort out our own lives/house/etc before adding another member to the family.)

hiddenshadow

December OPs: £0.00

Current (offset) balance: £104,645.69
Month we’d be in to get to our current balance without OPs: June 2027 (+0 months)

2017 Overpayments: £10,357.11
2017 Offset Savings: -£6,171.94
2017 Interest Saved: £4,548.84

Total Overpayments/Offsets: £68,893.52
Total Interest Saved: £56,037.15

Daily Interest: £6.91 (down £0.07)
Monthly Interest: £206.77 (down £9.03)
December 2016 Interest: £259.04 (down £52.27)
December 2016 Daily Interest: £8.36 (down £1.45)

House Bricks: 1

Mortgage reduction: £15,022/£15,000 (100%) (Average: £1,251.93/mo)

Broke the 15k mark, barely!

Net worth increase: £68,726.03/£60,000 (114%) + €10,519/€20,000 (52%)

Pension contribution finally showed up! Euro goal was a touch ambitious.

MFIT-4: £54,854/£90,000 (60%)

Steady progress.

Goals

Groceries: €205.18/€250 - Success!
Transfer £ to €: £2,643.68/£2,500 - Success (105%)
Chase up ombudsman complaint re: estate agents - Done, 3-6mo. estimate for a resolution
Horse Riding: 3/3 All excellent

hiddenshadow

Year-end recap for 2017:

I completely forgot about these goals, to be honest.

Goals

1. Personal: Move to Ireland! Success, and transition hasn't been too bad
2. Personal: Lose the final 5kg No idea on this one, purposefully haven't been paying attention due to health issues
3. Personal: Figure out health stuff Mostly success
4. Financial: Mortgage balance: £95,000 Got below £105,000, not too bad given that we stopped focusing on the mortgage in the summer
5. Financial: Lifetime ISA: £8,000 Never did this, but am re-focusing on pension contributions through work, which is equivalent
6. Financial: Net worth: £300,000 Technically £288,924.36, but also €9,003.23, so not too far off
7. Career: Sort out remote job Sorting it was successful, we'll see if 2018 brings another job hunt
8. Career: Investigate new thing every week Pretty successful

Half-done, with primary focus on personal/career this year, for obvious reasons. We'll see what 2018 brings.

Mortgage-wise all the numbers got less exciting than previous years, but still good progress:

                      2014         2015         2016         2017         Change
Starting Balance      £197,100.00  £180,690.91  £161,668.86  £119,668.86
Overpayments/Offsets  £12,019.78   £13,526.38   £22,856.23   £10,469.26   down £12,386.97
Ave Overpayment       £1,092.71    £1,127.20    £1,904.69    £872.44      down £1,032.25
Interest Saved        £17,246.02   £11,214.93   £25,732.87   £4,548.84    down £21,184.03
Ave Net Reduction     £1,491.74    £1,585.17    £3,500.00    £1,251.93    down £2,248.07
Ave Daily Interest    £21.84       £19.86       £9.46        £6.91        down £2.55
Annual Interest       £7,291.70    £7,247.25    £3,462.80    £2,705.51    down £757.29
Ending Balance        £180,690.91  £161,668.86  £119,668.86  £104,645.69  down £15,023.17
Net Reduction         £16,409.09   £19,022.05   £42,000.00   £15,023.17   down £26,976.83

Total
Overpayments: £68,893.52
Interest Saved: £56,037.15
Net Reduction: £92,454.31

atypicalblonde

Great update to read HS, you ought to be mighty proud of what you have achieved this year. Thanks for all of your input and advice over the last 12 months, it has been much appreciated. Happy new year to you xxx

hiddenshadow

Thanks ATB, sometimes I don't think we've achieved that much, but when I think about how much our lives changed this year I think we've done quite well.

Happy new year to you too xx

hiddenshadow

Will try and remember these this time.

Personal

• Figure out health/exercise routine that can be consistent ideally horse riding , but running would be good if it sticks - so far I’ve done 5 runs in the last couple of weeks, trying C25K again
• Trip to the US to visit family
• (Stretch) Replace our car Likely not until the end of the year, and also depends on house sale

Financial

• Mortgage balance: £95,000 This is just with regular payments, any OPs will be a bonus, and hopefully it will be irrelevant due to…
• Sell the house! Ideally by August 2018, barring that by the end of the year
• Save up for 2018-2019 rent Due August 2018
• Ireland House Deposit: €5,000 Likely won’t start until 2018/19 rent is paid, and hopefully this will be hugely boosted by house sale

Career

• Ask for a raise This will be the first time I’ve done this, so wish me luck!

hiddenshadow

Will try to pick things towards annual goals each month, if only so I remember my annual goals.

Personal

• Health/exercise: Horse riding 0/3
• Health/exercise: C25K Week 5 in theory should get to week 6, but I'm not sure if my body will cooperate with increased activity every week
• US Trip: Look into flights need to figure out a good time to travel

Financial

• Mortgage balance: £103,855 may require an OP of a few pence
• Sell the house: Draft letter to tenants (who asked for first right of refusal)
• 2018 Rent: €6,350 currently have €5,200

Career

• Research current positions to figure out what sort of raise to request

lippy1923

Hey Hidden! Its been a long time but I have finally caught up with your diary. You have certainly achieved a lot over the last year. Well done