Our quest for mortgage neutrality

The_frugal_fairy

So as of the 1st of August the balance of the mortgage is £28,662.95.

Milestone reward of under £20,000 – renovation of utility and shower room, in process of looking for ideas 😊

Offset calculation
So as the end is in sight I have got all creative and calculated the offset amount. I have cobbled my shares (value as at today), solar generation to date, eBay money not paid to mortgage yet, savings and my regular overpayment.

£ 7,862.72 offset
£ 20,800.23 outstanding after offset

:beer::beer::beer::beer::beer::beer::beer::beer::T:T:T

Mortgage statistics
• A capital reduction of £1,678.89 - £320.53 less than last month. At this rate we would be mortgage free in 9 months.

• Two bricks coloured in.

• I get impatient and forget that good progress is being made so checked we owe 18.42% of the mortgage, so this month 81.58% of the house is ours. Aiming for 85% for September.

Money saving activities
• Have bought marbles and found two jars. I put a marble for each thousand pounds owed as at 1/01/2018 in one jar. I have then moved a marble for each thousand pounds paid off to the other jar. Loving the visual reminder on my kitchen window sill.
• Five bay sales this month - £79.75, I do find sales get me motivated and this is a good month. Will give myself a goal of £200 for August. Spending time reducing and improving listings. Plus finding more items, hubby has sold a few things too.

• Forward projections done to try and achieve the balance starting with 1 in November 2019.
• Doing really well shopping with these questions ;-
o does it spark joy?
o do I need this item?
o where will it go in my house ?

• Planning the things I want to fix in the house. Looking on line for ideas but not spending money. So it should be cheaper and easier when we do the work in the future.

zcrat41

Wow. You are doing amazingly. What sort of things are you selling on eBay to make such good money?

The_frugal_fairy

zcrat41 wrote: »

Wow. You are doing amazingly. What sort of things are you selling on eBay to make such good money?

Hello, full disclosure I am presently working my way through all the episodes of Shark Pond on Nutflix for inspiration.

Last month it was children's things we no longer need, my unwanted jewellery and a collectible. I use a combination of F#ylady and MK to declutter. Give lots of things away and sell some. It's amazing what you have in cupboards and your loft.

savingholmes

Well done on getting so close to mortgage free.

The_frugal_fairy

So as of the 2nd of September the balance of the mortgage is £ 26,919.84.


Milestone reward of under £20,000 – renovation of utility and shower room, in process of looking for ideas 😊

Offset calculation
So as the end is in sight I have got all creative and calculated the offset amount. I have cobbled my shares (value as at today), solar generation to date, eBay money not paid to mortgage yet, savings and my regular overpayment.

£ 7,006.92 offset
£ 19,912.92 outstanding after offset


Mortgage statistics
• A capital reduction of £1,743.11 - £64.22 more than last month. At this rate we would be mortgage free in 8 months.

• Two bricks coloured in.

• I get impatient and forget that good progress is being made so checked we owe 17.3% of the mortgage, so this month 82.3% of the house is ours. Aiming for 85% for September.

Money saving activities
• Have bought marbles and found two jars. I put a marble for each thousand pounds owed as at 1/01/2018 in one jar. I have then moved a marble for each thousand pounds paid off to the other jar. Loving the visual reminder on my kitchen window sill.
• 7 bay sales this month - £139.70, £60 more than last month 😊 I do find sales get me motivated and this is a good month. Will give myself a goal of £200 for September. Spending time reducing and improving listings.

• Forward projections done to try and achieve the balance starting with 1 in December 2019.
• Doing really well shopping with these questions ;-
o does it spark joy?
o do I need this item?
o where will it go in my house ?

• Planning the things I want to fix in the house. Looking on line for ideas but not spending money. So it should be cheaper and easier when we do the work in the future.
• Started the Christmas shopping 😊

savingholmes

Great progress.

The_frugal_fairy

So as of the 1st of October the balance of the mortgage is £ 24,933.82 . Mid twenties, so exciting.


Milestone reward of under £20,000 – renovation of utility and shower room, in process of looking for ideas 😊

Offset calculation
So as the end is in sight I have got all creative and calculated the offset amount. I have cobbled my shares (value as at today), solar generation to date, eBay money not paid to mortgage yet, savings and my regular overpayment.

£ 7,156.53 offset
£ 17,777.29 outstanding after offset


Mortgage statistics
• A capital reduction of £1,986.02 - £242.91 more than last month. At this rate we would be mortgage free in 7 months.

• Two bricks coloured in.

• I get impatient and forget that good progress is being made so checked we owe 16.02% of the mortgage, so this month 83.98% of the house is ours. Aiming for 85% for October.

Money saving activities
• Have bought marbles and found two jars. I put a marble for each thousand pounds owed as at 1/01/2018 in one jar. I have then moved a marble for each thousand pounds paid off to the other jar. Loving the visual reminder on my kitchen window sill.
• 3 bay sales this month - £56.00. I do find sales get me motivated and this is a good month. Will give myself a goal of £300 for October. Spending time improving listings and adding more.

• Forward projections done to try and achieve the balance starting with 1 in December 2019.
• Doing really well shopping with these questions ;-
o does it spark joy?
o do I need this item?
o where will it go in my house ?

• Planning the things I want to fix in the house. Looking on line for ideas but not spending money. So it should be cheaper and easier when we do the work in the future.
• Started the Christmas shopping, 50% of it is done.

The_frugal_fairy

Up to £104, will I make my target ?

Have a poorly little one so have spent lots of time on P interest.Found lovely things for utility and shower room :j

The_frugal_fairy

As the end is in sight of the mortgage no cupboard is being spared in our house to find things to list. Another positive is cupboards are looking neater

£191.50, an increase of £87.50 :T

The_frugal_fairy

Still cupboard raiding .....................

£265.40, an increase of £73.90, also over 1% of mortgage balance

4 days to reach target, £35 to go :j