The second hurdle - Nichelette v the huge mortgage

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  • LadyWithAPlan
    LadyWithAPlan Posts: 2,180 Forumite
    First Post First Anniversary Name Dropper
    Lovely to read your diary... and the idea of a bunny tattoo! Amazing you so focused on your op despite the arrival of a  baby as well. 
    Will be watching your mortgage free journey with interest. 
    Thank you and welcome :). I think being short on space really focuses the mind! I got the tattoo done last month, I think he did a good job of it, and every time I see his head popping out the top of my sleeve it raises a smile and reminds me of him. 



    Sounds like you are still juggling lots of money making schemes. Well done on the OP and staying sane in the face of little ones demand....
    Sane is questionable  :D
    that tattoo is BEYOND cute - what a lovely memory and story to tell. Every pet you have stays close to your heart
    There will always be a (beautiful stilettoed) foot in fabulous in LaPlan's life.
    I am choosing to be fabulously frugal to support some wonderful life changing and affirming financial goals including buying a London home I love.

    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things. You can’t really hack your way to frugal. You can and should take advantage of discounts, coupons, rewards points, and the like. But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.

    My March  streaks to track
    Track Minimalist game  items (Nov 310)   (Dec  95)  (Jan 90)   Feb 50
    Exercise streak  
    YNAB days:: Target 50 days -Age of money 29
    Track my NSD's - Target 13 days/ 0/13

    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • Nichelette
    Nichelette Posts: 2,090 Forumite
    Name Dropper First Anniversary Combo Breaker First Post
    Quick update as baby has just woken up!

    In the last calendar month we've overpaid £862, though we're paid on the 15th so it's a bit out of kilter. I wish it was the same as mortgage goes on 1st. Mortgage is nearly in the 220's so making progress. Daily interest is now £10.94. When I started overpaying in March 2019 it was £20.72 :open_mouth:

    I'm getting there slowly and getting odd bits of money from Vinted, Prolific, matched betting and selling cards etc. I've sold 22 now and it's gaining momentum considering I'm not really pushing it. Apparently everyone has a mum who is turning 70 imminently! I've made loads of different things in the past and am considering making some other bits to declutter my craft stuff, or possibly making kits as I bought some large letter boxes for more heavily embellished cards but the boxes I have dies for are slightly too deep (damn RM sizes).   

    Dreading our gas & elec bills. I think I'll need to look at switching as the smart meter is off the scale now and we're not even using heating. Cheapest was only £50 less recently but I could also get cashback from switching so I'll check again as I think I need to revise the units up. 

    One more month and I'll go to SMP, but I'm pretty sure that will have Tax, NI & student loan deducted in full because I've had the 6 months full maternity pay (I do understand I'm lucky to have had that so not complaining, I just still think it will be a shock when I actually see it). Anyway, I've been saving my buffer money so we're good, and I'm going to do some KIT days to bump it up a bit. That and the £200 I'm saving for the long term is why we haven't overpaid as much as before recently. Pretty sure DH car needs an MOT next month too... It's a 57 plate so will see how that goes  :D. Worst case we'd probably go down to one for a bit. 

    Also need to buy a cot for the little (big) one. We didn't buy a big one as he's going in the room DH is working in at the moment so it was just another thing to work around. He's getting on well and still tracking 99th centile. Feel a bit like I never had an actual baby! 
    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £207,243.66
    Overpayments since 27.03.19: £46,161.46
  • Nichelette
    Nichelette Posts: 2,090 Forumite
    Name Dropper First Anniversary Combo Breaker First Post
    edited 3 September 2021 at 12:33PM
    Make that 23. I've just sold another 70th card  :D:D
    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £207,243.66
    Overpayments since 27.03.19: £46,161.46
  • savingholmes
    savingholmes Posts: 27,269 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Lol at the 70th sales.
    My son was 98 th centile. I felt cheated he grew out of clothes that quick!! 23 and somewhere between 6ft2-4 now
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
  • savingholmes
    savingholmes Posts: 27,269 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Sounds like you are managing your £ very well
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
  • Well done on your 23rd card sale. Will you be doing special Xmas ones? 
    There will always be a (beautiful stilettoed) foot in fabulous in LaPlan's life.
    I am choosing to be fabulously frugal to support some wonderful life changing and affirming financial goals including buying a London home I love.

    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things. You can’t really hack your way to frugal. You can and should take advantage of discounts, coupons, rewards points, and the like. But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.

    My March  streaks to track
    Track Minimalist game  items (Nov 310)   (Dec  95)  (Jan 90)   Feb 50
    Exercise streak  
    YNAB days:: Target 50 days -Age of money 29
    Track my NSD's - Target 13 days/ 0/13

    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • Nichelette
    Nichelette Posts: 2,090 Forumite
    Name Dropper First Anniversary Combo Breaker First Post
    Lol at the 70th sales.
    My son was 98 th centile. I felt cheated he grew out of clothes that quick!! 23 and somewhere between 6ft2-4 now
    You will know it well then! Neither I nor husband are especially tall so I'd be surprised if he is. DH measured him last night and he's about 2ft 3" now. Book says that's about 91st centile if my eyes haven't gone funny reading the line so he is a bit chunky compared to height. 

    Well done on your 23rd card sale. Will you be doing special Xmas ones? 

    Yep, I am going to but I'm leaving it til a bit nearer the time aside from one I've just done the listing for so it's done as I'm donating the design fee from any I sell to a bunny rescue. Am up to 29 sales now so next milestone is 30. I know it's not masses of money each card but it's gaining momentum and doesn't take a lot of my time so anything is a bonus. I think it's something where you need quantity to make a good income but I'm not complaining!

    I forgot to say I've scanned my food shopping for Neilson for a while now. I'd never actually logged into the account embarrassingly, just kept amassing points. To my surprise when I finally did the other day I had enough for a £150 amazon voucher! I used a bit to buy an external hard drive as the images I've got were filling the laptop but I still have over £100 left. I might be able to use that for xmas presents which would be a help. 

    Husband keeps getting letters from Provident about a mis selling thing. We've ignored as he just wants to forget about it (his brother was a bit of a case and got in loads of debt, so DH took out loads of loans to try help him but ended up in the same situation). I actually feel bad for him, though obviously I helped him when we got together as he was digging his head in the sand and was getting default letters left, right & centre. I'm half tempted to tell him to pursue it because I know everything is over 6 years and now statute barred if not already paid in full, but I am a bit scared of being wrong and being chased for money. I'm actually more scared of it getting back on his credit report and wrecking our chances of moving, though I'm sure rationally that couldn't happen. Still undecided...
    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £207,243.66
    Overpayments since 27.03.19: £46,161.46
  • savingholmes
    savingholmes Posts: 27,269 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Lovely news on Amazon.

    I got a big ppi payout. All helps
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
  • Nichelette
    Nichelette Posts: 2,090 Forumite
    Name Dropper First Anniversary Combo Breaker First Post
    Quick update. 

    I've decided to halt overpayments for a little bit in light of the way everything is shooting up. Mortgage is currently just shy of 232k. I can't believe I'm about to go onto SMP as all this is kicking off. I've worked since I was 16 so very poor timing! Bulb have put our DD up to £110 and unfortunately having baby we can't just stick a jumper on and brave it so we'll have to use the heating, though I've been on vinted getting him some nice warm bits. I've got the money I've put away and the money I've got in Vanguard if it really comes to it though I'd rather not use that as it's supposed to be for the long term. I'm trying to be economical with food and husband isn't eating too much meat which helps too. 

    I can't remember if I've already mentioned it but we also won't get any free hours childcare until he's 3 years and 5 months because he missed the cut off date by a week which is also a bit rubbish :(

    In happier news, the problematic tree has finally been cut down, so at least I don't need to worry about the fence being destroyed over winter! The tree was dying which helped us because I think it would still be there otherwise. 

    I've done a bit of xmas shopping to try and spread the cost, though I'm being restrained this year. We've got about £600 left until payday on the 15th. I think bills have all gone now so that will just need to cover husbands MOT (hopefully car is okay), food and £50 on a tank of fuel (if anywhere has diesel). I had hardly any when this kicked off but husband did so we were okay to wait. I managed to get some on Thursday without queuing but it's not good for diesel here and the village has been a nightmare where everyone has been queuing. 


    Finally bought a home
    Starting mortgage £289,500 31.01.19 - Current outstanding £207,243.66
    Overpayments since 27.03.19: £46,161.46
  • savingholmes
    savingholmes Posts: 27,269 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Good news on the tree. Sympathize. Re energy bills. Very annoying. 
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
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