DC's on a mission to own Kingston

wishingthemortgaheaway

debt_cruncher wrote: »

Hi Wishing

I think is is good that the milestones are a good distance apart so that we can save for the treats but they are not too far apart if you know what I mean which keeps us motivated.

That's great that you are nearly at the 10th square. Have you thought what your treat will be?

DC

No idea... needs to be a tiny treat though as I've only got £60 to go until I hit it. Maybe tea and cake

debt_cruncher

Tea and cake sounds good Wishing. DH has been creative and drawn a train track with 10 stops and at each stop he has drawn a picture of the treat. I think it is pretty cool and he seems quite motivated by the idea of being mortgage free.

Weekend spends included

£40.06 on grocery's
£25 on fuel
£2.50 on car wash 1/2 price
£7.10 on a cheeky Chinese

Was on our way for grocery shopping last night and DH says what's that on the windscreen of the car and I looked and it was a big crack. Not sure how it happened as car has been sat at house all week. So appointment made to have windscreen replaced and £50 lighter in the bank. I am glad the car repair pot is very healthy as you don't expect these things to happen. Anyway off to watch a few more episodes of How to get away with Murder on Netflix. I am really liking this drama. Enjoy the rest of the weekend.

DC

debt_cruncher

Weekend spends included:

£48.98 on food
£25 on fuel
£2.50 on car wash 1/2 price
£23.44 on xmas presents

I am very pleased that we managed to stay within our monthly food budget by about £3. Also got an email from PayPal with a £5 off next spend so used it to buy an xmas present on eb@y. Have added another £174.74 to the OP savings which came from interest and some monthly pots coming in under budget. Monthly progress report to follow.

DC

debt_cruncher

Well September is now over and here are the stats:

Mortgage capital reduced by £254.13
OP savings increased to £1057.46
Net debt £58398.18
Monthly capital reduction and savings £1311.59

£3398.18 until we reach milestone 1 Mortgage net debt £55000

MSE savings during the monthly included:

Using money off vouchers and nectar points saving £10.50
Cars washed for 1/2 price saving £5.00
Changed broadband provided saving £8.99 per month
Opened 5% regular saver saving £200pm making our money work harder.

Not a bad start but still lots more to do. 1down 59 to go.

DC

debt_cruncher

Mortgage payment went out today resulting in the capital being reduced by £254.60. Also added £62.33 to the OP savings which came from some interest and extra money in pay packet. A good start to the month. Reached a mini milestone today as we now own 2/3 of our house. Have a good week everyone.

DC

Escapar2020

Just caught up on your diary, looking good ;-) I'll be following.

I also started a five year plan last december, buy have done better than expected, so far. I've recently increased my OP to that same £600 per month, bringing my MF date forwards to three years from now, all being well. Sounds like you might be done in less than 5 years too ;-)

I like the post about milestones, I posted on the same subject recently too! My milestones are more time based though, passed 3 years to MF date, and next milestone will be to get to under 1000 days to MF date :-)

I'd be interested to know abiut your plans for after achieving freedom? I'd like to leave my current job, but have no idea what I want to do instead!

Good luck on your journey!

Escapar2020

debt_cruncher

Hi Escapar2020

I am not sure about our plans for the future once the mortgage is paid off. Would love to retire at 60 or maybe buy a rental property. I think being mortgage free will give us more options in the future and knowing that we own the house no matter what happens will be a great feeling.

DC

debt_cruncher

Since I last posted we have managed to save another £730.28 into the OP pot. We are now over the half way mark to milestone 1 and net debt is now in the 57's. So everything is moving in the right direction.

We are trying to eat more healthy this month and food shopping last week was over £85 and a top up fruit shop of £6 last night. I am not sure if we will stick within the food budget this month. We also did a batch cooking session at the weekend (first time ever) and have a few meals packed in the freezer. I will try to do the same this weekend as I worked out that some of the meals cost £1.60 a portion. Only problem is I need to buy more food storage boxes.

DC

wishingthemortgaheaway

I bought a box of 100 takeaway containers from Costc0 when I was pregnant. They are perfect for batch cooking.

debt_cruncher

wishingthemortgaheaway wrote: »

I bought a box of 100 takeaway containers from Costc0 when I was pregnant. They are perfect for batch cooking.

Unfortunately we don't have a Costc0 here in NI Wishing. I have picked up some glass food containers in Ike@. A bit pricey at £4.50 for the 2 two person size but they are freezer, microwave and oven proof. So I am hoping that they will be a good investment. Also used DH 7% discount to get them slightly cheaper.

DC