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The power of habit
Cloudspotting
Posts: 1 Newbie
I am a lurker but now is the time to commit as I need to keep on the straight and narrow if I want to achieve my goals!
The mortgage: now nearly four years in, with OPs made in the last three years to take it from £180k to £140k. Interest is 3.8%, as I fixed when the market was jittery. :mad:
The near term goal: to get to £120k by the end of September 2019. Running the numbers and including my annual OP allowance, I need to OP by £16k once planned capital repayments are included - more loaded towards 2018. This is a big amount for me - doable but will take commitment.
But: I need to ensure I have a good savings pot and a balanced investment portfolio - I want my assets to work for me, rather than me always working for my assets. So it can't all go towards the mortgage...
About me: early 30s, comfortable salary, okish with the pounds and pennies (although prone to fall off the wagon), no debt or other financial commitments. A big thing about this diary is keeping myself honest about the MSE mantra and not making lazy spending decisions.
So here goes...
The mortgage: now nearly four years in, with OPs made in the last three years to take it from £180k to £140k. Interest is 3.8%, as I fixed when the market was jittery. :mad:
The near term goal: to get to £120k by the end of September 2019. Running the numbers and including my annual OP allowance, I need to OP by £16k once planned capital repayments are included - more loaded towards 2018. This is a big amount for me - doable but will take commitment.
But: I need to ensure I have a good savings pot and a balanced investment portfolio - I want my assets to work for me, rather than me always working for my assets. So it can't all go towards the mortgage...
About me: early 30s, comfortable salary, okish with the pounds and pennies (although prone to fall off the wagon), no debt or other financial commitments. A big thing about this diary is keeping myself honest about the MSE mantra and not making lazy spending decisions.
So here goes...
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Comments
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Welcome, cloudspotting! Lots of great ideas for finding ways to OP around here!Updating soon...0
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Happy shiny new diary
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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
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