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downsizer3
Posts: 683 Forumite
Well, I was last a regular poster on here about 7 years ago when I had a tiny mortgage and a tiny home.
Since then I've got a new job, extended my home, met my partner and am about to move in with him.
I have a two part mortgage of M1 £148k and M2 - 11.5k, and a credit card of £3.5k. I've cleared £6.5K of card and aim to clear the rest by August.
So - not all my salary is to play with as I have a youngish family but I'm raring to go.
I found this site really good for keeping motivated by other posters but also good to see how far I've come - so I'm back to keep track of how I get on.
Wish me luck - I've a long way to go in 7.5 years!
:j
Since then I've got a new job, extended my home, met my partner and am about to move in with him.
I have a two part mortgage of M1 £148k and M2 - 11.5k, and a credit card of £3.5k. I've cleared £6.5K of card and aim to clear the rest by August.
So - not all my salary is to play with as I have a youngish family but I'm raring to go.
I found this site really good for keeping motivated by other posters but also good to see how far I've come - so I'm back to keep track of how I get on.
Wish me luck - I've a long way to go in 7.5 years!
:j
May 2018 - £159k + £3.5K CC - let the countdown begin! 
March 2019 - CC gone and bye bye M2 on 31st! £140k to go.:j
March 2019 - CC gone and bye bye M2 on 31st! £140k to go.:j
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Comments
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Good luck. Welcome to the madness!!MFW: Was: £136,000.......Now: £47,736.58......0
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Wishing you well on your journey I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Well its been a while (nearly a year - sorry!) but credit card is paid off and at the end of this month I'll be paying off the small mortgage (M2) which I have got down to roughly £9k. That's when the deal ends and I didn't want to pay a penny in early repayment charges!
Next step will be to hit that other mortgage of about £138k now.
So - as that M1 fixed deal finishes in August I'll tackle it with a mixture of a reduced term, new fixed deal and make sure I'm allowed over payments - just to give myself a bit of wiggle room.
I can't wait to go into the bank and pay off M2 with my saved up £9k whoop whoop!
It's a great feeling.May 2018 - £159k + £3.5K CC - let the countdown begin!
March 2019 - CC gone and bye bye M2 on 31st! £140k to go.:j0
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