£170000 in 10 years

giblet1979

That's fabulous...it just shows how worth it it is, and it does get addictive seeing the numbers go up (savings) and down (mortgage)
For most of my life I would have been struggling now knowing I've had a big dental bill and my car needs repairing, but savings give such peace of mind
Hugs and happy Saturday x

try_harder

I hope all went well for you yesterday giblet ,you must be feeling relieved that it is over.Yes definitely a good feeling watching the savings go up and the mortgage go down ,i just wish i could find more ways to increase the income ,my husband works very hard but is in a low paid job so he works quite a lot of extra hours .I on the other hand have not worked for years ,i have a few things that i do from home but seem to have lost the motivation recently which is very annoying ,it makes a big difference if i am earning a little too.Thank you giblet.

brizzledfw

Glad you're back TH. You and I are aiming to be on top of the mortgage around the same time..I have just moved my MFD date out from 2021 to 2022..but fingers crossed and as you say every little helps. Have just turned the heating off again as its sunny here..trying to save the pennies

giblet1979

Hi TH,
I'm sure there's lots you do already, and it might be that if you find the right paid work (a little bit to start) and see how much more of a difference it makes to those figures, that it inspires you to keep going. I bet it can be hard when you've been out of the official workplace for some time to feel confident enough to go back, but think of all those skills that you have (looking after grandkids, the house, budgeting and saving) and keep looking. When you feel ready enough, you might want to take a chance on something that comes up x

try_harder

Hi everyone .Thank you Brizzledfw i am glad to be back.I have started reading your diary ,its nice to have someone else with similar numbers and time frame for motivation i find.Thank you giblet1979 for your encouragement ,i do have several hobbies that i do from home such as selling vintage wedding dresses ,vintage clothing ,im very interested in interior design and have helped out several friends over the years and i do aim to make £10 a day from selling my clutter on ebax and gumtrex
but could do a lot more .I am quite lazy and like to spend my time walking either by the sea or rivers and today is a beautiful day and its calling to me to go out ,so as you can see im not so good.,although i have been decluttering slightly this morning which is something i suppose as i need to photograph a few bits and get listing .

themadvix

Hi TH :hello: it's good to see you're back! Those savings are looking really healthy - you've been working hard at that by the looks of it!

try_harder

Hi ,themadvix and thank you ,i am pleased to get back in to the swing of things again ,time goes by so quick and things can slip so easily .Yes ,i am so pleased with the savings ,i have around £11700 so £700 for christmas leaving £11000 and two more months at £1000 a month should total £13000 by the end of the year ,that is my aim anyway.I am so pleased with these savings as we are only on one low income ,its just my husbands 10-20 extra hours a week ,small amounts of interest ,cutting back on bills and selling that is making up the bulk of the ops and savings .I have not made any ops over the last few weeks as we did not have enough for both so i will have to up my game in the new year to find money for the overpayments and will have to do this by either selling or me working .So pleased to see that your husband won a prize and what a prize it was too,you must have been so pleased ,well done him.I hope you have had a good summer ,we have been so lucky with the weather and its just beautiful here today .

themadvix

Thanks TH, we were really thrilled that he won!

I know what you mean about savings vs OPs - recently it's been better to save than to OP for us (interest rate of 2.99%) and it's been so frustrating not OPing. I think I need a new spreadsheet (not that I'm good with them) that shows mortgage minus savings, so I can see that we are actually making a dent, even if it's not coming off the mortgage! Ultimately your savings are there so you could pay them off - it's not worth it for you at the moment either I guess.

Weather was gorgeous yesterday - I enjoyed being in the garden. After a wet start this morning, it's brightening up here now

Busy_Mee1

Hi Try Harder really glad to see you back. You are doing amazingly well on your savings. I save rather than overpay and consider my savings as a percentage of the total mortgage so that you can see the progress. I started about 20 months ago and it is amazing how £1000 a month soon adds up.

try_harder

Ah busymee1 so pleased to see you here too.Yes i am so pleased with the savings ,particularly as i have never saved before ,its so nice to see the numbers adding up .I think thats a very good idea of yours and i am now doing the same ,i also feel much safer knowing i have a cushion in place in case of emergencies or high interest rates.I am working hard to put £1000 each month into savings for the mortgage ultimately .I then try to pay any extra money we have to the overpayments ,i think this works well for me now so will be my long term 9-10 year plan .I have also started an isa with hl and putting the odd £100 into it as and when i have it spare ,i really enjoy choosing which fund i will put my £100 into each time and so far all but one fund are in profit.For a bit of fun i have also started the one pence doubling game and that is going really well too ,i think it has to be doubled around 27 times to reach 1.3 million ,the maths dont really matter too much its just a number but you have to double each amount so pretty simple ,i make up my own rules .