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ZC's Aim for a little independence

edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
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  • zcrat41zcrat41 Forumite
    1.6K posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
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    Morning all. Just doing a little adding up and my emergency house fund is now at £4280.19. I originally thought it was going to take me to this time next year to save up 5k. Finding Dave Ramsey and Gazelle intensity has really really helped though. Its made me see that I don't need a few hundred stashed in my holiday fund - i need to get rid of this mortgage sooner! I'm hoping to hit 5k by Xmas.

    Two more viewings on the house this week but still not much movement. If I do manage to sell I'll be able to invest a lot and hopefully use 1k of my savings to bump up some of my sinking funds and buy a few clothes. If I don't sell I'll carry on aiming to save up another 5k to hit 10k savings and roll from there.

    In money news my FD regular saver came to an end and they were dropping the interest to like 2.5%! So I've swapped it to a Nat West Reg saver. Much lower rate at 1.5% but I think it can do balances of up to 10k and its all in one place then.

    Have a good day all
  • zcrat41zcrat41 Forumite
    1.6K posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
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    Hello all. Thought I'd do an end of year update.
    It's all pretty positive chez ZC. I've accepted an offer on my house. £167500 which is a lot less than I started asking for but i thought a more realistic version was £170 so it turns out I wasn't too far out. I've given the tenant notice and he moves out on Feb 4th. Hoping to exchange in March and complete in April. Fingers crossed it all goes smoothly

    I've managed to save £5100 in my emergency fund!! I'm so proud of myself for this. I originally thought it would take me till next autumn so I've smashed it. The plan is to leave it sitting there until the house sale goes through just in case there's a hiccup. I have plans for if it all goes through though. I'm going to top up the holiday and car sinking Funds and treat myself to some new clothes.

    I managed to lose 10lbs before Xmas too. Really chuffed with that as it meant I could eat what I wanted al Xmas! Back on the bandwagon tomorrow though.

    So 2020 goals:
    1) do the Bible in a Year app
    2) cash flow two months mortgage payment with no tenants
    3) save £2177 into a Lisa.
    4) follow ynab
    5) follow TOMM.

    Have a cracking new year all. :beer:
  • jwiljwil Forumite
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    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Congratulations on the house sale, savings and weight loss :T :T

    Happy New Year :)
    "If you can dream it, you can do it". Walt Disney
  • becky170becky170 Forumite
    627 posts
    Part of the Furniture 500 Posts
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    That's great news that you've accepted an offer on your flat. Hope the sale all goes through smoothly! Congratulations on the weight loss too.
    MFW 2020 #7 £1712/£3000
  • South_coastSouth_coast Forumite
    1.1K posts
    1,000 Posts Name Dropper Photogenic
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    Excellent progress here ZC. I always used to do a "pre-Christmas diet" and then put it all back on during the festivities - the best I manage now is thinking about starting a diet all year round!
  • zcrat41zcrat41 Forumite
    1.6K posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    ✭✭✭
    Hello all. 

    So as seems to be my custom I thought I'd pop back to do a June update. I sold my house by the skin of my teeth. I'd exchanged at the end of feb. Then was due to complete two days into lockdown!! Luckily as we'd exchanged it went through but it was a bit nail biting. 

    So I'm officially mortgage free! I've invested most of the cash into my family business. I wanted to clear £100k and have managed to clear £105. Not bad for a 20k investment 10 years ago.  I kept 3k for my emergency fund and also treated myself to some new clothes, Fitbit etc. 

    2020 goals are going well. 
    I did cash flow 2 months mortgage payments 
    I've done the Bible in a Year every single day. 
    On course to put £2177 into a LISA
    I TOMM most days

    Not sure where to go from here. It feels a bit wrong to carry on this diary but over the years I found it really helpful to pop on here and focus for a few months. 
  • jwiljwil Forumite
    12.2K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Congratulations on the sale and being mortgage free!
    "If you can dream it, you can do it". Walt Disney
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