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The power of habit

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...

Comments

  • Courgette
    Courgette Posts: 3,242 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Welcome, cloudspotting! Lots of great ideas for finding ways to OP around here!
    Updating soon...
  • beanielou
    beanielou Posts: 95,870 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Happy shiny new diary :)
    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.
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