Climbing the Mortgage Mountain step by step

edited 20 October 2021 at 1:39PM in Mortgage-Free Wannabe
104 replies 3.9K views
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  • savingholmessavingholmes Forumite
    17.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Interesting recipe. Keep them coming
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
  • LadyWithAPlanLadyWithAPlan Forumite
    414 Posts
    100 Posts Name Dropper
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    thanks for the recipe. I will have a go..
    "We delight in the beauty of the butterfly but rarely admit the changes it has gone through to achieve that beauty." Maya Angelou

    Nov NSD 8/15     Nov  Groceries Challenge  £98.70/ £140  + £13.87/ £100 bulk 
    MFW savings 11/08/21  £67,711.70   16/11/21   £78,093.60 /100K  
    Nov  savings  £5299.93 / £3,603.01

    SIPP   
               11/08/21     £26,644.38   03/11/21      £29,521.02
    FIRE   exc home £12k pa 9.84%, £16k pa 7.38%. Current spend inc current rent 8.43% FIRE, 
    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • Hi All

    Hope you all had a lovely weekend, wasn't the weather glorious?

    Not a lot to report from the weekend as we were at a family gathering on Saturday which meant a long journey but as we didn't stay over we treated ourselves to breakfast enroute and dinner on the way home to break the journey.  DD had a friend around yesterday so we had homemade pizzas, which went down a treat.

    Unusually I'm working late shifts this week so have left OH and DD to their own devices as far as food is concerned, there is plenty in the cupboards and freezer.  I did consider leaving them something in the slow cooker but they are both quite capable.

    I need to make use of my mornings at home so will tackle my toiletries stash and the Xmas present stash this week and hopefully tackle the loft at the weekend.

    So nothing of note today but hopefully make some inroads over the next few days.

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £120,429
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £750/£9,000
    All Credit Cards cleared 
    Loan £8286, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £5907, aim to be debt neutral by June 2022
  • savingholmessavingholmes Forumite
    17.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    Decluttering and organising is so worthwhile but I am struggling to make myself do mine...

    I did giggle at your quite capable comment. Totally agree though! Right approach
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
  • Hi All

    Had a lazy morning today, did sort out a few toiletries and will use some of them up later when I get in from work.  I have re-joined the No Buying Unnecessary Toiletries Thread as I have a cupboard full of goodies to work through, I'm going to start a pot and put £1 in for every item used up as I did that before and built up quite a good amount of savings, especially using all the mini and travel items I have accumulated!

    When I got home last night OH had not eaten as he ate loads at work apparently and DD had found a pasta bake in the freezer, no idea what they will do today! 

    I'm being very frugal this week, still walking to work, bringing in my own coffee (saves at least £8pw, more if I was buying for my colleague too) and yesterday I brought pretzels from home for my dinner.  Today I popped into £land, got 3 packs of brioche burger buns for 25p each (BBE 08/11/21), one pack will be toasted for my dinners for the rest of the week, I also spent £1 on some cheese spread to go on them, 4 dinners for £1.25 :smile:

    Right, better do some work, have a great day

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £120,429
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £750/£9,000
    All Credit Cards cleared 
    Loan £8286, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £5907, aim to be debt neutral by June 2022
  • Hi All

    Another lovely day here.

    I've been fairly productive today, sorted out some paperwork and completed some long overdue admin tasks, now have a huge pile of shredding to do, maybe tomorrow?  This also means I have sorted out a cluttered corner in our bedroom.

    Attacked some of my stash of toiletries, this is actually prompting me into a proper night-time facial routine, something I've been a bit slack in, cleansing and moisturising, even used a mask last night whilst I was in the bath.  I've sorted my tin in which to place all of the £1s from using up toiletries, hopefully will be putting the first coins in over the next couple of days, going to try and leave it until it is full!

    I've started a paper spending Diary, I've tried using apps before but I'm an old fashioned girl and I like a pen and paper, I'm going to highlight all of my No Spend Days.  I've also set up my clothes challenge, £5pw for 2022 (£260 total starting from now), and I'm going to track that in the same book, I'm hoping not to actually buy anything but, a bit like dieting, if I think I can't I'll want to even more plus I do need to look smart for work so may need to replace bits that become worn out so a modest budget is the way to go.

    Again last night DD ate something from the freezer and OH had a chicken and bacon baguette, not the most nutritious of foods but it won't kill them for a week, plus there are veggies etc in the fridge, they just have to bother to cook them!  DD working tonight so I wonder what OH will have for dinner?  I've got my brioche bun and cheese again :smile:

    Looking forward to payday when my over payment will take the balance below £122K.  I do actually have a tracker app for the mortgage and it's satisfying to see the principle decrease and the amount of interest going down by almost £1 every month :smiley:

    Have a great afternoon

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £120,429
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £750/£9,000
    All Credit Cards cleared 
    Loan £8286, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £5907, aim to be debt neutral by June 2022
  • savingholmessavingholmes Forumite
    17.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    Good luck with your various trackers. Little by little it comes together.
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
  • Hi All

    Busy day at work.  

    Recorded my second NSD on the trot.  Had a lovely brunch with DS1 but he paid bless him, was really nice to spend some 1:1 time with him as he works shifts and I don't get to see him a great deal despite being in the same town.

    Nothing else to mention today, just plodding along but feeling upbeat and positive.

    Have a lovely evening

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £120,429
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £750/£9,000
    All Credit Cards cleared 
    Loan £8286, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £5907, aim to be debt neutral by June 2022
  • savingholmessavingholmes Forumite
    17.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    Always nice to be treated to a meal
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
  • Hi All

    Feeling a bit rough this morning, not sure if it's due to my covid booster or the 2 bottles of wine we had last night!  :lol:  We don't usually drink in the week but I had had a stressful day at work and we thought we'd have a glass each, but it went down so well that we ended up having two bottles.  It was the Bordeaux from Lidls and is currently on offer for £3.19 so an affordable indulgence!  We tend to stock up when they have a wine we like on offer.

    NSD again today, tomorrow won't be, I have an appointment to choose some new glasses, they are replacing my frames as the crystal decoration is all falling off and they have discontinued this model so I need to chose a new style, hoping I won't be expected to pay anything towards them.  I'm then meeting an old school friend for a coffee and a catch up at our favourite cafe, it's in a local National Trust village and this is the last weekend they will be open as they close for the winter.  I may succumb to one of their wonderful cream teas :yum:

    Still not used up any of my toiletries and am itching to start saving in my tin.  I have a feeling that it will be like buses, once I  finish one product I will have a spate of use ups!  I am enjoying the extra little bits of pampering and am hoping I will start to see the benefits soon too.

    So generally a good week, lots of spend free days, have made inroads into sorting and clearing, still lots to do though.  I do need to sort the Christmas stash this weekend, we have visitors next week and they will be in the spare room where it is all stored, a job for Sunday I think.

    Have a great day everyone and a lovely weekend.

    MvTMM
    Current Mortgage (Nov 20- NOV 39) £130,999 (Interest only) NOW £120,429
    Over payments 2020 £750/£750 (Mortgage payments only start Dec 2020)
    Over payments 2021 £9,000 /£9,000
    Over payments 2022 £750/£9,000
    All Credit Cards cleared 
    Loan £8286, £237pm clearing Dec 2024 but aiming to repay by Dec 2023
    Savings (not including 'pots') £5907, aim to be debt neutral by June 2022
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