Climbing the Mortgage Mountain step by step

edited 20 October 2021 at 2:39PM in Mortgage-Free Wannabe
188 replies 6.8K views
17810121319

Replies

  • Fortune_SmilesFortune_Smiles Forumite
    4.4K Posts
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    ✭✭✭✭
    Oooh - lots accomplished and lots to look forward to MvTMM.  Good luck with all your plans.

    Fortune x

    Mortgage: 65% paid Mortgage Neutral: 65% Emergency Fund: 79%

    Tales from the Shire
    All we have to decide is what to do with the time that is given to us - J R R Tolkein
  • savingholmessavingholmes Forumite
    19.4K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    Lots of exciting plans.
    Target 1) Clear CC debt - SUCCESS 13/4/22 Target 2) Lose weight & get fit 3) Write regularly 3811342714/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 258 payments to go. Now £198132. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £312 including tax relief
  • edited 10 January at 12:11PM
    Me_v_The_Mortgage_MountainMe_v_The_Mortgage_Mountain Forumite
    145 Posts
    100 Posts First Anniversary Name Dropper
    edited 10 January at 12:11PM
    Hi All

    Happy New Year to all, I hope it has been kind so far.

    I've been MIA as took a week's Annual Leave.  I've had a lovely time, family visited for NYE and it was also my birthday last week, apart from that I have pottered around sorting out various drawers and cupboards but mainly resting and trying to finally knock this chest infection on the head, which I think I have although still get the occasional coughing fit!

    Because of the visitors and various celebrations we have had a few meals out, grocery shopping has been minimal as I'm trying to use up the Christmas leftovers but I need to get a meal plan together for this week to ensure nothing goes to waste and get back into MSE mode.

    We have been going through our plans for the wedding, everything is booked and deposits etc paid, just approx £1500 left to pay which we have covered.  OH has asked if I would like my ring made of his mum's and grandmother's wedding rings, which I think is a really lovely idea, we took them to our local jewellers, they are 22ct gold and the new ring will be hallmarked by the Assay Office in London, this will only cost about £60 in total.

    DDs Macbook has arrived and she is extremely pleased with it.  As she bought the laptop herself, OH and I have paid for the 3 years Applecare on it in case of any issues.

    My savings pots are coming on nicely and I have already Tilly Tidied £38.88 into my ISA, have completed my savings spreadsheet for the 1st January and will do this each month to ensure my savings are gradually creeping upwards.  I often think I am not saving enough but I forget that each month I am over paying the mortgage by £750 which isn't to be sniffed at!

    Have a great day 

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £117,423
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £3,750/£9,000
    All Credit Cards cleared 
    Loan £7224, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £6515 (plus £150 CT Rebate once received), aim to be debt neutral by June 2022
  • savingholmessavingholmes Forumite
    19.4K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    You're doing really well. The rings idea sounds very honouring. 
    Target 1) Clear CC debt - SUCCESS 13/4/22 Target 2) Lose weight & get fit 3) Write regularly 3811342714/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 258 payments to go. Now £198132. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £312 including tax relief
  • Hi All

    Sorry I haven't posted since Monday, been an absolutely manic week.

    @savingholmes, glad you like the idea re the ring, I was so touched when he suggested it, especially as I never met his mum and nan, they had both passed before I met OH.

    I have managed to put together some sort of meal plan, we had shepherd's pie Monday and Tuesday, pasta Puttanesca on Wednesday and baked Gnocchi with sausage and Mediterranean veg yesterday, tonight I'll do salmon topped with pesto and served with jacket potatoes and mixed veg; these meals have all come from stock.

    Savings all going well, 365 x 1p etc all up to date, however I have had to pay £280 for my flights etc as going to my friend's timeshare in March for a girlie holiday, my first girlie holiday in about 30 years!!

    We've got a quiet weekend planned, minimal grocery shopping etc, I may well sort out a few cupboards and hopefully get the dog out for a couple of good walks.

    Have a great weekend all

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £117,423
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £3,750/£9,000
    All Credit Cards cleared 
    Loan £7224, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £6515 (plus £150 CT Rebate once received), aim to be debt neutral by June 2022
  • savingholmessavingholmes Forumite
    19.4K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    Holiday anywhere sounds amazing. You are doing well
    Target 1) Clear CC debt - SUCCESS 13/4/22 Target 2) Lose weight & get fit 3) Write regularly 3811342714/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 258 payments to go. Now £198132. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £312 including tax relief
  • Hi All

    Well we had a fairly quiet weekend.  DS and his family unexpectedly popped in on Friday night and, as I was late finishing work, we all had fish n chip supper as a treat and a couple glasses of wine.  We pottered around the rest of the weekend, did a small grocery shop and decluttered some areas of the house, mainly kitchen and utility.  We had pulled pork wraps on Saturday night and I did a good roast on Sunday using a turkey joint from the freezer, the leftovers went in a pie last night with reheated roasties and fresh cauliflower and green beans which fed us and 2 of DDs friends.  Tonight I might do a tuna pasta bake, we have a lot of odd bits of cheese to use up which will add flavour.

    I'm very excited, had a call yesterday to say my ring is ready so we will go and try that on at the weekend and last night we sorted out our paperwork ready for our appointment at the Registry office, wedding plans are go go go!

    DD had an interview for her first choice Uni on Saturday and yesterday received an offer, just needs to get her predicted grades which she is very happy with.  She is trying to get her dad to commit to support her through Uni by paying the maintenance direct to her, however in true form he is playing mind games and trying to control her, one way or another we will get her through it.

    I can't believe it is another 2 weeks until payday, I am struggling now, think I may have over egged the savings especially with all of the birthdays, visitors etc!  However, February is a relatively short month and no Council Tax for February or March which is always a welcome bonus, I know we pay the same for it over the year but it still feels like a bit of a windfall!  We have plenty of food in the cupboards so can keep grocery shopping to a minimum and all bills are paid so we can just coast for the next 2 weeks and start afresh in February.

    Have a great day all

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £117,423
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £3,750/£9,000
    All Credit Cards cleared 
    Loan £7224, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £6515 (plus £150 CT Rebate once received), aim to be debt neutral by June 2022
  • savingholmessavingholmes Forumite
    19.4K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    Hope you make it to payday ok. I get paid early mod month.  
    Target 1) Clear CC debt - SUCCESS 13/4/22 Target 2) Lose weight & get fit 3) Write regularly 3811342714/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 258 payments to go. Now £198132. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £312 including tax relief
  • Hi All

    Thanks @savingholmes, we should be ok, we do have money, its just in savings pots, and we have plenty of food etc. I don't think it's helped that it will have been 6 weeks between paydays, even though I didn't touch my pay until the end of December I think somewhere in my subconscious its made me think payday should be coming sooner than it is!!

    I made spaghetti bolognaise last night, bulked out the mince with grated carrot and some frozen cauliflower rice, so we have enough for two good meals.  We bought the Lidl deal of 48 cans of tuna for £15 at the weekend so I feel tuna could feature heavily over the next few weeks, although the BBE date is 31/12/2024 so we have plenty of time to get through it, we all love tuna and OH will quite often pop a tin in his salad for work.

    I have always wanted a white kitchen, have never had one, every single house has had wooden kitchen units of varying styles.  Our current kitchen units are really good quality and although fairly old are quite a contemporary style so I thought I'd get a quote to get them resprayed as there is a local company that does this, we don't have a large kitchen, 8 base units, a set of 4 drawers, 4 wall units and a full height unit, the quote was for £1750 and that's if they don't replace the handles etc.  Ideally I was going to ask them to remove the wall tiles as well (every wall covered in what I consider to be bathroom tiles) but I just can't justify that amount of money at present, that's over 2 months overpayments on the mortgage!  My friend has used a film product to cover her doors but I am wary of this, I know how bad I am at putting screen covers on my phone, let alone trying to cover a kitchen cabinet!! :lol:  I'll see how the savings etc pan out over the year, get DD settled in college and have another think then.

    Have a great day

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £117,423
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £3,750/£9,000
    All Credit Cards cleared 
    Loan £7224, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £6515 (plus £150 CT Rebate once received), aim to be debt neutral by June 2022
Sign In or Register to comment.
Latest MSE News and Guides

NS&I to change Premium Bond prize rate

It will rise to 1.40% from June

MSE News

Compers of the MSE Forum:

Show us the prizes you've won recently

Join the MSE Forum discussion