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Ninety months to pay off mortgage - or as near as dammit!

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  • skint_spice
    skint_spice Posts: 12,824 Forumite
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    Well I went to get car fixed and they said it was fine no need to rush but just back from holiday and now needing something else fixed - cars are such a joy! Estimated at £300.

    So the theme of this month is no unnecessary spending...one overtime shift booked and might add a second.


    Mortgage End Date: Apr 36/Aiming for Aug 28/Current Mar 35

    Mortgage OP 2024 £4050/7000

    Mortgage balance: £49972

    Make £100 extra a month: July £12 Boiler £376/2000

    46 pay days until freedom!
  • beanielou
    beanielou Posts: 91,407 Ambassador
    Academoney Grad I'm a Volunteer Ambassador Mortgage-free Glee! Name Dropper
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    Oh deep joy~~not  :(
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • skint_spice
    skint_spice Posts: 12,824 Forumite
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    Extra overtime shift added Beanie and it's happened at the beginning of the month so I will be able to cut back for the whole month.
    Mortgage End Date: Apr 36/Aiming for Aug 28/Current Mar 35

    Mortgage OP 2024 £4050/7000

    Mortgage balance: £49972

    Make £100 extra a month: July £12 Boiler £376/2000

    46 pay days until freedom!
  • killerpeaty
    killerpeaty Posts: 2,658 Forumite
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    Sorry to hear about the car, cars like to derail all monetary plans!

    How is the selling your old treasures going?
  • skint_spice
    skint_spice Posts: 12,824 Forumite
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    Sorry to hear about the car, cars like to derail all monetary plans!

    How is the selling your old treasures going?
    Thanks KP, not terribly well to be honest, I need to ramp that up this month.
    Mortgage End Date: Apr 36/Aiming for Aug 28/Current Mar 35

    Mortgage OP 2024 £4050/7000

    Mortgage balance: £49972

    Make £100 extra a month: July £12 Boiler £376/2000

    46 pay days until freedom!
  • skint_spice
    skint_spice Posts: 12,824 Forumite
    Name Dropper First Post Photogenic First Anniversary
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    Another month, another mortgage payment... and overpayment so I have moved back into 2035 at last. Still not sold much but have made some changes to work life balance which hopefully will mean I will have freed up some spare time for me which can be used either to take on extra work and make extra money or sell and declutter my stuff.  Feeling positive at the minute :smile:
    Mortgage End Date: Apr 36/Aiming for Aug 28/Current Mar 35

    Mortgage OP 2024 £4050/7000

    Mortgage balance: £49972

    Make £100 extra a month: July £12 Boiler £376/2000

    46 pay days until freedom!
  • beanielou
    beanielou Posts: 91,407 Ambassador
    Academoney Grad I'm a Volunteer Ambassador Mortgage-free Glee! Name Dropper
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    Great to hear from you  :grin:
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • savingholmes
    savingholmes Posts: 27,857 Forumite
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    Just caught up on your diary. Wishing you good luck on your journey. Well done for knocking so much time off your mortgage already. 
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £8K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £11.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
  • skint_spice
    skint_spice Posts: 12,824 Forumite
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    Thank you both for popping by, I am trying to get into the habit of using mse more again, so hope to catch up with everyone soon.  This afternoon I have been playing around with the overpayment calculator sussing out how early I could feasibly pay my mortgage off.  I need to remember to leave enough spare cash to enjoy life though...
    Mortgage End Date: Apr 36/Aiming for Aug 28/Current Mar 35

    Mortgage OP 2024 £4050/7000

    Mortgage balance: £49972

    Make £100 extra a month: July £12 Boiler £376/2000

    46 pay days until freedom!
  • savingholmes
    savingholmes Posts: 27,857 Forumite
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    It's a balance isn't it. Not everything costs £ though. I for one have learned to appreciate my local park far more this last couple of years. In the past I ignored it and always travelled to NT places instead...

    I am giving myself permission to spend on art stuff. What makes your heart sing? Stolen this phrase from @EssexHebridean
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 234 payments to go - now £181,773 Equity 27.3%
    2) Spend on handyman & external building works & new patio door £13.45K
    3) CC £8K on 0% spends card but offset by £34.3K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £11.3K/£127.5K AVC target 8.97% value at 15/7//24
    5) FI Age 60 annual income target £13.7/30K 45.7%
    6) SIPP £4.3K at 12/7/24
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