2019 Mortgage-Free Wannabes

Suffolk_lass

taka wrote: »

# 51 checking in with another little overpayment of £9.96 to bring my Feb total to £43.61. (A small refund from my Gas company + a £2 coin from my change at the supermarket ! )

Feel a little silly reporting such tiny amounts compared to some on here but I keep clinging to the fact I'm mortgage neutral already (and prioritising pension / savings instead of mortgage) and an OP of £9.96 is getting rid of just over 0.1% of my mortgage balance outstanding! Even the teeny amounts add up for me now. :j

Don't belittle your achievements. We are all at different stages. I have stopped work but still have my mortgage (and just used part of my lump sum to pay off a big chunk) - you however, will not be in that position of having it hanging over you because you have started your journey and are already enjoying the benefits. I wish I had been that sensible!

[Deleted User]

Evening everyone

No 40 with a February payment of [£1510. I may be able to send a few more pounds across on Friday when I get paid from my 2nd job as I worked a few extra hours this month

Thank goodness for this thread full of like minded people as I find others tend to look at me in disbelief or are quite vocal in their negativity when they hear I am working 2 jobs to pay off the mortgage early :eek:

Thanks as always Juliecorn x

WorldCitizen

#160.
My payment of £65.90 went through!
Next OP I'll do in April.

varfor

#118 here. I sold some valuables allowing me to put £1580 towards the mortgage! I was in two minds whether to do it or not but I feel better taking another step towards clearing debt.

Feb total: £2080
2019 total: £2580/£4000

f0xh0les

taka wrote: »

# 51 checking in with another little overpayment of £9.96 to bring my Feb total to £43.61.
Feel a little silly reporting such tiny amounts compared to some on here

Taka - I have just been rooting through some paperwork and found my mortgage papers from 3 yrs ago - It stated quite clearly that I would repay £1.80 for every £1 I borrowed over the 26 yr term. It was all we could get through on 'affordability'.

I remortgaged last year to an even better rate, and could cut 4 yrs off the term. Every £1 I overpay makes me remember that I am saving nearly the same. There is no such thing as a tiny overpayment, there is only an overpayment. Every one is applauded:T. We don't do mine is bigger than yours! We are all happy for each other and going to be MF sooner, and we will cheer you on . £41.63 is not to be sniffed at, and it won't be sniffed at by any of us over here! We all understand how percentages work. Go you!

ilselm

#106 here. As it's nearing February pay day with all essential life spends pretty much accounted for already this month, I have rather optimistically transferred a further £250 into the mortgage account.

I say optimistic as the focus, heading towards 2018/19 tax year end, will be on filling up pensions and ISAs. Strategies for coming weeks include running down the freezer/store cupboard, working an extra day a week from home to save commuting costs, actually submitting those work expense claims, remembering to hit the sell button on bay/tree listings when the £1 deal comes around again and any other tips/tricks that I pick up from these forums. Thanks,

February total: £1,838
2019 total: £3,338 / £15,000

MrsMouse

Figure there's no point waiting until I download the extra cash for renovations before then paying down to reduce interest and have the mini surpluses just waiting in the bank. So first OP of £244.05 for #47. What a lovely feeling (and more tomorrow when I see it online!).

julicorn

miss_undastood wrote: »

Hi Julicorn

I’m not really sure; what is best?
I guess these are a sub-pot that will transfer over in October but I can’t actually overpay.

So are you tracking actual overpayments or intended?

It may be a little quiet from me if I can’t track these. But it doesn’t matter either way. Is it possible to have them in but greyed out/not adding to my total (please say no if that is too much extra work!)

I track whatever works best for the individual Happy to track your savings money, that's not a problem at all, just want to make sure we don't end up double counting in October.
I'll add them in your spreadsheet for now if that's ok, that's probably more motivating than not being able to update until October as well. :beer:

julicorn

WorldCitizen wrote: »

Number 160 here.
Just tried to do an OP of £65.90, but I have used all my OP limit this year.
Probably don't put in a table yet, will see how it goes. May be they will call me, who knows?
Looking forward to April when I can overpay again.
P.S. Can I have a smaller number too?

Hi WorldCitizen,

I've given you #59 now I've also added in your OP for now, let me know how it works out. Fingers crossed!
Edited to add: Just so your update to say it went through, that's fantastic news!

julicorn

Just wanted to say that the spreadsheet is all up to date now, and that in the time I was away, your overpayments (both big AND small!) have exceeded £100,000 for February alone! Absolutely fantastic progress everyone, well done! :j