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Mortgage free by my own merit

edited 5 January 2019 at 9:59PM in Mortgage-Free Wannabe
117 replies 12.4K views
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  • OhtobeMortgageFreeOhtobeMortgageFree Forumite
    231 posts
    100 Posts Second Anniversary Name Dropper
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    longway2go wrote: »
    Hi,
    Just read and really enjoyed your diary. You seem to be balancing lots. Keep going.... I will subscribe when I work out how.
    Do you still use the Money dashboard app? Do u still find useful.
    How time consuming is match betting and how do I set it up please?
    Thank you for your inspiration. I can't wait to actually op!
    Thanks for dropping by! :j
    I do still use the MD app but not as often as in the beginning when I was trying to get a real idea of where our money was going. It's nice to check in from time to time though. It's definitely the best money related app I found.
    My husband and I were spending an hour or so each evening matched betting. We quickly made £300 but have been busy with work and not done a huge amount just lately. I have friends who have made thousands though! It depends how much money you can set aside to back bets and how much time you have to put into it. I first heard about it through Emma Drew, and signed up for the free trial at Profit Accumulator.
    I was ages before I finally took the plunge and made my first overpayment but I'm so glad I did and there's no holding me back now!!! Good luck on your journey!
    Original mortgage total: £140,000.00 (July 2015) Original mortgage end date: June 2040
    Mortgage free start date: 16th October 2018 Mortgage total at this point: £132,829.12
    Current mortgage total: £117,861.06 Current mortgage end date: June 2038
    Total overpayments so far: £3270
    MFW 2020: £1755 / £5000
    Daily interest: £7.59 > £6.76
  • OhtobeMortgageFreeOhtobeMortgageFree Forumite
    231 posts
    100 Posts Second Anniversary Name Dropper
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    The first day of using the bus with a toddler in tow went really well yesterday. My son's swimming lesson is in a town 8 miles away on a Monday morning at 10am. Before our car failed the MOT I would leave for the lesson at 9:30, and be home again by 11:10.
    NOW, off the back of a night shift, I grab an hour's sleep before my husband leaves for work at 7:50am, taking my toddler and I along with him, to drop off on the way.
    We played at the park for a half hour, took the half hour walk to his swimming lesson, arrived 20 minutes early, had the lesson, took an hour to walk to the bus station, sat on the bus for an hour to get back to our town and had a 20 minute walk back to our house. I think we got back somewhere around 2pm?!!! But, we chatted loads, took fun snacks and a magazine for the bus ride, spent time playing at the park on the swings and I really enjoyed the day. AND it only cost me £4.40 for the ticket.
    Swimming is the only clash where we needed two cars before, so hopefully this will be a workaround that works for us, at a fraction of what it was costing us to run the second car...
    Original mortgage total: £140,000.00 (July 2015) Original mortgage end date: June 2040
    Mortgage free start date: 16th October 2018 Mortgage total at this point: £132,829.12
    Current mortgage total: £117,861.06 Current mortgage end date: June 2038
    Total overpayments so far: £3270
    MFW 2020: £1755 / £5000
    Daily interest: £7.59 > £6.76
  • OhtobeMortgageFreeOhtobeMortgageFree Forumite
    231 posts
    100 Posts Second Anniversary Name Dropper
    ✭✭
    My house is a tip at the moment! The toddler has chicken pox, so we're housebound and he's been waking up at 6 instead of 7 each morning. I've had a couple of freelance deadlines I've been working on after the toddler's bedtime each night until 11-12pm (completed last night thankfully!) and I've been getting up at 4am to moderate for an exam board (final deadline next Tuesday thankfully!)
    Add into that two nightshifts this coming weekend and a positive pregnancy test yesterday afternoon, I'm knackered!!!
    Even more incentive to get the mortgage paid off as much as possible now though...
    Original mortgage total: £140,000.00 (July 2015) Original mortgage end date: June 2040
    Mortgage free start date: 16th October 2018 Mortgage total at this point: £132,829.12
    Current mortgage total: £117,861.06 Current mortgage end date: June 2038
    Total overpayments so far: £3270
    MFW 2020: £1755 / £5000
    Daily interest: £7.59 > £6.76
  • beanieloubeanielou Forumite
    73.5K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭✭
    Keep plodding!
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 2 lbs **
    MFW. 9 months to go. B)
    "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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • OhtobeMortgageFreeOhtobeMortgageFree Forumite
    231 posts
    100 Posts Second Anniversary Name Dropper
    ✭✭
    Another £150 overpaid this afternoon, taking my total to £350 in overpayments for June. I really am starting to feel like I'm winning now! :)

    I've joined the 2019 Mortgage Free Wannabe board with the aim of overpaying by £3000 by the end of the year. I'm off to a good start!

    I'm still slogging away. Taking a quick break between marking coursework at the moment to update my MFW diary. Frustratingly the toddler wasn't allowed through the door at nursery this morning as his chicken pox spots from last week were deemed still potentially contagious. It meant my husband had to drop us both off in town where I had a meeting with a client this morning and we then had an hour to kill beforehand, and then rather than being able to run home and mark the rest of the afternoon, I had a three hour walk (toddler pace!) to the bus stop to get home again. (I would have run the 8 miles back if I'd been without the toddler.) He enjoyed his random day out though even if I'm now going to end up working late into the night to get caught up with my work!
    Original mortgage total: £140,000.00 (July 2015) Original mortgage end date: June 2040
    Mortgage free start date: 16th October 2018 Mortgage total at this point: £132,829.12
    Current mortgage total: £117,861.06 Current mortgage end date: June 2038
    Total overpayments so far: £3270
    MFW 2020: £1755 / £5000
    Daily interest: £7.59 > £6.76
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • OhtobeMortgageFreeOhtobeMortgageFree Forumite
    231 posts
    100 Posts Second Anniversary Name Dropper
    ✭✭
    Another £100 overpaid today! :) I think Fridays are my favourite day of the week!
    I did have a minor panic on Monday though. One of my clients hadn't paid me the £200 I'd invoiced before the end of the month and my overtime at the supermarket didn't go through on my payslip this month like I thought it would. All in all my account was about £500 short of mortgage money on Tuesday so I hurriedly cashed out on all my matched betting accounts, knowing that the money wouldn't reach our bank account in time before the mortgage was due to come out. I really stressed myself out for about 12 hours before realising that there were several thousand pounds sat in our savings account which I could just transfer across! Idiot! Must be baby brain!!!
    I've since been paid from my client, who had been away and who has also suggested raising the number of hours I work for the company from September. Winning!
    Original mortgage total: £140,000.00 (July 2015) Original mortgage end date: June 2040
    Mortgage free start date: 16th October 2018 Mortgage total at this point: £132,829.12
    Current mortgage total: £117,861.06 Current mortgage end date: June 2038
    Total overpayments so far: £3270
    MFW 2020: £1755 / £5000
    Daily interest: £7.59 > £6.76
  • OhtobeMortgageFreeOhtobeMortgageFree Forumite
    231 posts
    100 Posts Second Anniversary Name Dropper
    ✭✭
    I think I've worked this out correctly...in October last year (when I first started really looking into paying off the mortgage) we were paying £7.59 interest each day on our mortgage. Now, this has reduced to £7.37.
    Original mortgage total: £140,000.00 (July 2015) Original mortgage end date: June 2040
    Mortgage free start date: 16th October 2018 Mortgage total at this point: £132,829.12
    Current mortgage total: £117,861.06 Current mortgage end date: June 2038
    Total overpayments so far: £3270
    MFW 2020: £1755 / £5000
    Daily interest: £7.59 > £6.76
  • OhtobeMortgageFreeOhtobeMortgageFree Forumite
    231 posts
    100 Posts Second Anniversary Name Dropper
    ✭✭
    Another £150 overpaid this morning. I was tempted to play it safe and only overpay by £100, but by overpaying the extra £50 it drops me down to the £127,000s, so I get to colour another square in on the house I've pinned up in the office! ;)
    Original mortgage total: £140,000.00 (July 2015) Original mortgage end date: June 2040
    Mortgage free start date: 16th October 2018 Mortgage total at this point: £132,829.12
    Current mortgage total: £117,861.06 Current mortgage end date: June 2038
    Total overpayments so far: £3270
    MFW 2020: £1755 / £5000
    Daily interest: £7.59 > £6.76
  • beanieloubeanielou Forumite
    73.5K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭✭
    Another £150 overpaid this morning. I was tempted to play it safe and only overpay by £100, but by overpaying the extra £50 it drops me down to the £127,000s, so I get to colour another square in on the house I've pinned up in the office! ;)

    Great :T :T
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 2 lbs **
    MFW. 9 months to go. B)
    "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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • savingholmessavingholmes Forumite
    13K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    Very motivating to read your progress. Keep it up.
    During 2020: Target 1) Reduce debt from £25.1K @ 0% Now down to £17.129 Target 2) Overpay mortgage - now @ £780 OP Target 3) Improve pensions Target 4) Declutter 52 bags - Done with help of skip & other regular charity collections. 5) Build/maintain EF/Savings pots at £1K or more by 31/12/20
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