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Aiming for Mortgage Free!

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  • South_coast
    South_coast Posts: 5,006 Forumite
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    Nicely done 👍
    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!!!
  • rugbymadfamily
    Options
    Had a busy weekend! Fri night we went and did a really fun outdoor activity and then to a restaurant afterwards. Was so nice to be out just the 2 of us but we definitely got carried away with the ordering!

    Spent Sat at home watching a lot of rugby and a good few drinks at home!

    Had a lot of fun at an outdoors show on Sunday, mentally spent a fortune on all the incredible stuff... but managed to get away with just buying a few cheap necessities!
    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 ✅
     
  • savingholmes
    savingholmes Posts: 27,676 Forumite
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    Well done on keeping spending down
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 235 payments to go - now £182,428 Equity 27.02%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £6.7K on 0% spends card but offset by £34.2K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £10.1K/£127.5K AVC target 8% value at 15/5
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.1K
  • rugbymadfamily
    Options
    I’m back! Have been away as we went on holiday and my phone completely died (which has been great as made me realise how much time I spend on it through boredom when I could do other things) but terrible in terms of money as my banking is all via apps. So no idea how holiday spending went but we didn’t go mad so hopefully in line with budget. Unfortunately now need to buy a new phone (looked at getting repaired but cost wasn’t worth it given phone is over 2 years old!)...although I should ring them and double check as think I had insurance!!!!

    Anyway, good to be back!
    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 ✅
     
  • mark55man
    mark55man Posts: 7,947 Forumite
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    I did read at the moment that some contract deals are actually cheaper than buying and SIM only especially if you are iPhone fan (not necessarily the latest).  So do look at that even if you would normally look to purchase and then go sim only

    (Welcome back - and you will have done well to keep the budget balanced without your phone - I didn't manage that at all over July) 
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • rugbymadfamily
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    I’m an android girl, hate Apple lol. But not a massive techie so not after anything too expensive which is good but will definitely have a look at sim only deals and buy phone that’s a good shout.

    July and August are always such tough months on the budget, just want to be outside doing fun things in the sun! Want to get phone ASAP just to get on the banking and check it all, feels very odd having not looked at figures in over 2 weeks. Just fingers crossed they aren’t too bad haha!
    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 ✅
     
  • South_coast
    South_coast Posts: 5,006 Forumite
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    I'm so glad I'm not the only Apple refusenik! My work phone is an iPhone and I can't stand the bloody thing!!! 
    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: 27,676 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Options
    Hope your phone is sorted quickly
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 235 payments to go - now £182,428 Equity 27.02%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £6.7K on 0% spends card but offset by £34.2K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £10.1K/£127.5K AVC target 8% value at 15/5
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.1K
  • rugbymadfamily
    rugbymadfamily Posts: 505 Forumite
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    edited 7 August 2021 at 12:45AM
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    New phone arrived this afternoon...will have to check out the bank account tomorrow, was way to busy at work today. Turns out it was covered on the insurance so only cost was the £30 excess 😁 Why is it that a week off just means you have to get last weeks work done when you get back as well as this weeks?! Haha
    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 ✅
     
  • savingholmes
    savingholmes Posts: 27,676 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Options
    I always have that experience after / before time off as no-one picks up my work when I'm off. Glad you are covered by insurance.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 235 payments to go - now £182,428 Equity 27.02%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £6.7K on 0% spends card but offset by £34.2K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £10.1K/£127.5K AVC target 8% value at 15/5
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.1K
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