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Aiming for Mortgage Free!

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  • caeler
    caeler Posts: 2,638 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    I’m trying for lots of no spend days this month too. I’ve had 5 so far this month. @rugbymadfamily
    Also, don’t beat yourself up too harshly for not fitting in a run. Interview was the right priority to pick! Good luck and hope you hear soon. 
  • South_coast
    South_coast Posts: 5,878 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Ooh, well done on the interview. Good luck for the next stage 🤞
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good luck with the interview process. 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • Thanks all, have my fingers crossed as it's a really great role and a great payrise 🤞. Possibly a bit above my level but I'm going for the Richard Branson of go for the opportunity and learn how to do it!
    Current mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
    OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
    Emergency Fund Target: 3 months saved ✅
     
  • Oh man this lockdown is depressing, just miss a little trip to a cafe or pub for a little treat. Obviously staying safe is most important, but it's doing the little things in life I miss most!

    But I guess it's good for the bank balance! Apart from food budget....both now WFH again so food shop seems to have exponentially increased despite meal planning 🙈 Never mind, entertainment expense is much reduced so more than offsets it.

    Not much to report, job interviews still on-going so keep your fingers crossed for me 🤞 Waiting to find out on this role before I make any big financial decisions.

    Husband doing a great job of selling atm, made £90 already selling random bits we no longer use. Saving the money up to do something nice once lockdown is over, maybe dinner out or something....let's see when we get there!
    Current mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
    OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
    Emergency Fund Target: 3 months saved ✅
     
  • MFdreamer
    MFdreamer Posts: 101 Forumite
    10 Posts First Anniversary Name Dropper
    Fingers crossed for your job interview!🤞🏻
    I’m also working from home which seems to have pros and cons financially! X
    MFW
    1 Nov 2020 @ 
    £42,204 to go in 34 months! (£1,241 a month)
    1 September 2021 £17,500 to go in 24 months (£729 a month)
    MFW 2021 #3 - £24,148/ £17,500 🙌


  • South_coast
    South_coast Posts: 5,878 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    Saving the money up to do something nice once lockdown is over, maybe dinner out or something....let's see when we get there!
    Yes, it could be ££££'s by then 😮!
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • FtbDreaming
    FtbDreaming Posts: 1,127 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Ooh good luck for the job interviews! I’m missing the gyms and having the kids in school this lockdown. January I would typically be good in the gym until July but this year is a washout already. 

    I know what you mean about the increased food spends. I have 3 kids and a man with a bottomless pit for a stomach and that was the first reason I cried when the schools were announced to be closed because it’s an endless cycle of cooking and cleaning. 

    It’s all swings and roundabouts isn’t it. Save money one way but spend it another x
    Mortgage started August 2020 £69,700
    Mortgage ends Aug 2050 MFW: Aug 2027 
    Current Balance: £58,678
    MFW2020 #156 £723.13
    MFW2021 #26 £1184.71
    MFW2022 #11 £197.87
    MFW2023 £785
    MFW 2024 £528.15

    Determined to make it! 
  • Oh @FtbDreaming I do feel for anyone with kids at the moment, just so difficult. Its only my husband and I, he's been working through and is only now WFH but he doesn't seem to stop eating! I'm with you on the gym, really miss that. Have been trying to get out running, managed 7kms last night which is the furthest I've ever run so was really pleased with myself. Good time to clear the head which is always helpful.

    Thanks @South_coast will see where he gets to, he seems to have a lot of enthusiasm for it at the moment which is really nice as he is definitely the spender and I'm the saver so it's really nice for him to be doing something positive for us money wise!
    Current mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
    OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
    Emergency Fund Target: 3 months saved ✅
     
  • MFdreamer said:
    Fingers crossed for your job interview!🤞🏻
    I’m also working from home which seems to have pros and cons financially! X
    Thanks @MFdreamer, final part (or what I hope is final part!) is this week so hopefully know more once that bit done.

    I'm definitely spending less by not doing Friday post work drinks or lunches out etc (and probably good for the waist line!) but bills have gone up a lot given being home all the time!
    Current mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
    OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
    Emergency Fund Target: 3 months saved ✅
     
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