Aiming for Mortgage Free!

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  • rugbymadfamily
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    Yes, was a holiday originally booked for early 2020, got pushed back to late 2020, part way through 2021 and then to this time. And we finally made it! The testing was a pain and added a fortune to the cost thanks to lost tests from Royal Mail...but we made it! Had a phenomenal time and just really felt like myself and relaxed properly for the first time in what felt like forever. Now to try keep the more relaxed feeling up as I head into the office for the first time this year....
    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: 7,936 Forumite
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    2022 will be the year a lot of people catch up on that "relax" feeling

    well done for ending with your targets met.  the future you will be saying thank you for each of the extra months you will be MF sooner than otherwise you would be,  yes its going to be a long journey - especially with kids but had I made those decisions I would be MF now.  I got it covered, but it would have been sweet to be there a few years prior 
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • savingholmes
    savingholmes Posts: 27,544 Forumite
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    Good luck with your plans. Nice to see you back. Glad you had a good time away.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 236 payments to go - now £183,036 Equity 26.8%
    2) Spend on handyman & external building works & new patio door £12.65K
    3) CC £4.6K on 0% spends card but offset by £33.8K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £10.2K/£127.5K AVC target 8% value at 15/5
    5) FI Age 60 annual income target £13.7/30K 45.7%
  • eat_that_frog
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    Well done for getting the first digit of your mortgage down to a 2, hope you're feeling very proud.

    And well done for getting abroad too!
    Original mortgage: £250,000 Feb 19   
    Current mortgage: £75,000 Apr 24
    Planned mortgage end date: Feb 44
    Mortgage free start date: 13th July 2020

    2024 MFW #40
    MFiT-T6 #16

    2024 Goals
    Increasing our fruit&veg intake and reducing our UPF intake as a family
    Doing an 'activity' as a family every weekend
    5 x a week physical exercise to improve my health
    Regularly declutter toys, books and clothes/shoes
    Make mortgage OPs of £6k in '24 - GOAL MET!
    Keep emergency fund at £10k
  • rugbymadfamily
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    Hi all, another crazy month...I work in finance so been having end of year fun!

    Good news is made an OP of £1,175 (made to my Premium Bonds) and won £75 on Premium Bonds, so a good start to Feb. Less good news is husband had some CC expenses from our holiday that he didnt tell me about till ydy, which means we actually went over budget (mostly due to last minute COVID tests so it's not the end of the world, but annoying that he has waited until a month later to tell me!).

    Anyway, definitely been a bit lazy with the finances being so busy at work and coming back from holiday etc meant January was filled with treats, but if it's happening almost daily, its not a treat! So am going to be much more organised for Feb, have got some frozen pizzas and bits in which should reduce the need / desire for takeaways. And plan to watch 6 Nations games with friends at home as far cheaper than the pub!
    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: 27,544 Forumite
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    Great OP and win. Boo to CC debt. Hope your changes give you a better £ month.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 236 payments to go - now £183,036 Equity 26.8%
    2) Spend on handyman & external building works & new patio door £12.65K
    3) CC £4.6K on 0% spends card but offset by £33.8K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £10.2K/£127.5K AVC target 8% value at 15/5
    5) FI Age 60 annual income target £13.7/30K 45.7%
  • eat_that_frog
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    Well done on the PB win! Great overpayment too.

    Original mortgage: £250,000 Feb 19   
    Current mortgage: £75,000 Apr 24
    Planned mortgage end date: Feb 44
    Mortgage free start date: 13th July 2020

    2024 MFW #40
    MFiT-T6 #16

    2024 Goals
    Increasing our fruit&veg intake and reducing our UPF intake as a family
    Doing an 'activity' as a family every weekend
    5 x a week physical exercise to improve my health
    Regularly declutter toys, books and clothes/shoes
    Make mortgage OPs of £6k in '24 - GOAL MET!
    Keep emergency fund at £10k
  • Spendy_no_more
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    Hi rugbymadfamily. Just wanted to say I've read through your diary from start to finish and really enjoyed it! You've been so focused and done so well with the overpayments. Hope all is going well this year and you're still enjoying the (not so) new job! 
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