For Sunshine and a Sea View .... eventually!

SuperSecretSquirrel

Great job offsetting Christmas spends and keeping on track Lexi-lu!

Lexi-lu

January Update - Month 13

Mortgage overpayments £6,647.95, this was the maximum allowed without incurring a charge so no further overpayments.

Plans for this year include a lovely family holiday and then we will be saving as much as possible ready for next years overpayments, our fixed rate ends in March 2018 so we can then make unlimited overpayments without incurring a penalty

LL

SuperSecretSquirrel

Nicely done

We've paid the full 10% fee free allowance for the year now too. Feel a bit flat not being able to OP any more, but saving achieves much the same thing, just doesn't feel as "solid" as overpaying debt!

Liking the plans for the year, and especially March 2018!

Lexi-lu

Hello,

Thanks for the encouragement SSS, appreciate you stopping by. I keep up with your diary and am fascinated by your detailed financial updates. For me overpaying is the only way that I can be certain that I won't fall back into my frivolous ways.

February Update - Month 14

Oh dear! February didn’t really go as it should have done. I was more than a little tempted to skip the post for this month but anyway here goes.
Savings towards mortgage overpayments – a big fat zero:o
Purchases made:
Sofa
Bed
Carpet
3 dresses (all half price in sale)
2 bikinis
A variety of clothes for DD

As if this little lot wasn’t enough DD accidentally spilt a glass of water over her macbook - £291.76 for repairs:eek:

On the upside DH did manage to negotiate the annual boiler cover renewal and saved £50.

March is a new month, here’s hoping we get back on track:)

LL

Lexi-lu

Hello all,

It has been a while since my last post but still saving ready to make overpayments next March when we will no longer have to pay any early repayment charges.

March - June Update - Months 15 - 18

Savings for overpayment
March £1,270
April £1,270
May £1,270
June £1,270

The mortgage continues to reduce by approx £1k per month since we reduced the term which is helping to keep me motivated along with reading the MFW diaries, thank you

gallygirl

Lexi-lu wrote: »

Hello all,

It has been a while since my last post but still saving ready to make overpayments next March when we will no longer have to pay any early repayment charges.

March - June Update - Months 15 - 18

Savings for overpayment
March £1,270
April £1,270
May £1,270
June £1,270

The mortgage continues to reduce by approx £1k per month since we reduced the term which is helping to keep me motivated along with reading the MFW diaries, thank you

Great progress and think how great it will be to make a stonking overpayment :T:T:T

SuperSecretSquirrel

Lexi-lu wrote: »

Savings for overpayment
March £1,270
April £1,270
May £1,270
June £1,270

Consistently excellent, well done! :T

Lexi-lu

Hello,

Thank you so much for the support GG and SSS, very much appreciated

July update - Month 19
DH received an unexpected bonus from work in June, some of this has been added to savings and the rest used for treats for DD and some bits for the house that were purchased in the sale.

Since reading the MK book and also the art of discarding whilst on holiday earlier this year I have been MKing the house. DD has been brilliant, DH is taking some converting – he is a natural hoarder.

Lots of trips to the tip, charity shop donations and some items listed on ebay – 4 items sold this month bringing the total to £250 approx so far this year which will go towards Christmas spends later in the year. The house is looking so much better and is easier to keep clean, still more to do though.

I took the girls to the vets this month for their annual vaccinations and check up. All is well and brushing their teeth every day (they are a tiny breed prone to problems with their teeth) seems to be working well as they haven't needed an expensive clean under anaesthetic since I started doing this a couple of years ago which is also great for them as well as our savings.

I have increased my pension contributions by £160 per month and DH has completed the paperwork to increase his by £240 per month. I really don’t like the way that the goal posts can be moved any time re pensions and retirement so will be focusing more on long term savings and investments as soon as the mortgage is paid off which will hopefully be by the end of 2018 if all goes well.

Savings for mortgage overpayment this month £1,270.

LL

Lexi-lu

Hello,

August update - Month 20

Savings for mortgage overpayment this month £1,270. I can't wait for January when we can pay these savings to the mortgage.

A good month for decluttering with 6 ebay sales and 2 larger items sold on gum tree. The money from these will go towards the cost of Christmas. Several Christmas presents already purchased whilst on offer, perhaps a little early but being organised helps me not to overspend.

DH has been busy with DIY which has saved on the cost by not hiring a professional - it does take a little longer though

LL

Lexi-lu

Hello,

September update - Month 21

Savings for mortgage overpayment this month £1,270.

I have managed to make a few extra payments to my pension this month - still a long way to go with this.

£15 money off vouchers used against grocery shopping this month.

I have just checked the mortgage balance and it is now under £50K

LL