Seven Year Plan

andy1886

Mortgage payment gone through bringing the balance down to £27 230.34 . Monthly bills paid and still a balance left allowing another overpayment hopefully of £250.00 . Fingers crossed for a smooth month and hopefully some news on becoming furloughed so I can plan and budget moving forward .

andy1886

A week in and I found out that I have been furloughed so thankfully if this terrible time continues for the next 3 months I will get 80% of my basic wage which just about covers my monthly bills . I don’t have any major expenditure planned until July so hopefully I can get through this crisis and see what position we are in at the other side .
I have managed to make another overpayment for £250 for this month so my balance today is £26 987.22 . Nothing planned for the rest of this month so I will spend a couple of hours trying to make something out of the building site outside that should resemble a garden , not something I have ever really wanted to do but now that I have hours to be filled it will do me some good and hopefully look better than the mess we currently have .

andy1886

First month on furloughed pay successfully achieved although there is nothing to spend any money on . Bills should be ok for this month , mortgage balance now at £27 045.32 , overpayment will be manageable again this month which I will do in a weeks time .
I’ve made a start on the garden and although it looks like a ploughed field at the moment there is a rough plan of what it will look like , I will use it as a project for this year .
Obviously the country is still in lockdown and I don’t think I will be back at work in May so depending upon what shops open it could be another month with little expenditure .

savingholmes

Well done on keeping up the OPs. How is your garden coming along now?

andy1886

savingholmes said:

Well done on keeping up the OPs. How is your garden coming along now?

Well it is keeping me busy , at the moment it is half mud and half gravel which need some removing and the mud forking , turning and getting some light and water to . Once at that stage I have no idea what to do with it , I hope to go to garden centres and parks for inspiration , we are south facing and not overlooked so sunshine all day . Need low maintenance as could not look after a lawn with one day off a week , hope to be wildlife friendly as well but beyond that no clue .

andy1886

Overpayment made bringing the balance to £26 537.23 . If I can keep these £250 overpayments up then I hope the balance will drop to £15 000 by the end of this 2 year deal . Still furloughed so this month should be ok and hopefully I can return to work in June which could bring expenditure up and wages might drop until things return to normal , if they ever will .

andy1886

Balance is now £26 363 . 04 before the overpayment has come off , which is again £250 . Back to work tomorrow but a clear month in front with no expenditure planned so all should be ok .
Planning a few jobs to do next month which will affect the cash flow but hopefully there will be enough to make another full overpayment . Have been messing with overpayment calculators and hopefully I can get the balance cleared earlier than I dare to hope for , I think being unable to spend at the moment has had the effect of focussing me financially on this goal and I don’t really want to spend anything unduly , and I can’t be bothered to queue anyway .

andy1886

Julys mortgage payment made and I included the overpayment meaning we paid £522 this month with a balance of £25 640 .
I have next week off work and I am getting my ‘new’ car serviced and the mot done . I bought it at the start of the lockdown and it has not moved since so my breakdown company will be getting a call to come and start it so I can get to my garage .
Ordered a skip so my jobs for next week are to clear both gardens , also got a decorator ringing to see about a quote for some painting and depending on how the garden looks and the finances are after the car comes back I have a couple of other people to ring for jobs that need to be done . 
Feeling quite productive and glad to be getting a few jobs ticked off the to do list and hopefully being able to finance it all as well .

andy1886

Jobs done as above but a problem with August overpayment means I am still trying to locate where the funds have gone , apparently they are in a clearing house but not arrived at the mortgage account .
Septembers overpayment gone through meaning the balance is now below £25 k at £24 956.49 . another milestone reached and now aim at the £20 k target .
Got the wife’s car to service and mot next week as well as the rest of the windows being fitted . That will be another job done and we will discuss which job follows that .

andy1886

Job  wise a hectic month , but all good , house wise , windows are in, roofer been and fixed 3 things that needed doing , wife’s car passed mot and serviced with no problems . Yesterday I got my £250 back into my account , mortgage currently stands at 24 504 -19 . Happy with that . Currently on a week off work and next house job is to box in the fuse box and some pipes . I have a joiner coming next week to quote, if all goes ok we also need stairs fixing or maybe replacing and some floorboards replacing . I could do with new front and back gates as well so I will see how we get on and maybe get those done . I am currently preparing the garden for some hedging , which I believe need planting this side of Christmas then think about some raised beds for the grandkids to grow stuff in and prepare some ground for trees , shrubs and fruit bushes . I may also dig a small pond with the grandkids on the agreement if we attract frogs I can fill it in . If that all goes to plan I will fill in the remaining zones with wildflower seeds and find somewhere so we can sit and enjoy it or where shewhomustbeobeyed can point out things I have not done well or missed or that Alan Titchmarsh or the Rich Brothers would have done better , unfortunately she has the pauper doing it and not the Rich boys .