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Getting the right balance - aka 'wanting my cake and eating it too'!

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  • Well done! Every little does help. I calculated that with our mortgage, if we only overpayed £5 a month we'd manage to cut off nearly a year off our mortgage (We're on a much longer term than yours but it does show how even small amounts can make a huge difference)
  • Well done, it all adds up! I am trying to get more balance between OPs and actually living and house repairs etc we are currently overpaying a lot but house falling apart around us lol so we just OP small amounts from next month. Good to see the positive impact still of these small payments
  • jackieblack
    jackieblack Posts: 10,500 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    OP for November = £47.59
    Not quite the £50 I was aiming for, but not too far short (and that is an average target) :)
    2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter, south facing (-5 deg), 30 degree pitch, no shading
    Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
    MFW #4 OPs: 2018 £866.89, 2019 £1322.33, 2020 £1337.07
    2021 £1250.00, 2022 £1500.00, 2023 £1500, 2024 £1350
    2025 target = £1200, YTD £9190
    Quidquid Latine dictum sit altum videtur
  • jackieblack
    jackieblack Posts: 10,500 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    OP for December = £63.53

    Total OP for 2017, including my initial 12 x monthly payments = just over £3300, a little over 11% of the balance

    For 2018 I'm still aiming for an average of £50 per month, so £600 over the year. This equates to approx 2/3 of the interest charges for 2017 so hopefully will be more than 2/3 of 2018's interest charges.
    2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter, south facing (-5 deg), 30 degree pitch, no shading
    Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
    MFW #4 OPs: 2018 £866.89, 2019 £1322.33, 2020 £1337.07
    2021 £1250.00, 2022 £1500.00, 2023 £1500, 2024 £1350
    2025 target = £1200, YTD £9190
    Quidquid Latine dictum sit altum videtur
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