We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

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

Options
12357120

Comments

  • skint_spice
    skint_spice Posts: 12,831 Forumite
    Name Dropper First Post Photogenic First Anniversary
    Options
    What makes my heart sing?  Travel and seeing different sights.  Not even necessarily to different countries within Scotland is great too, walking, running and wild swimming none of which cost anything really.  I have decided to set up a separate count and scoop some slush money in here each month in order to fund wee trips home and abroad.  There are many places to do as a day trip but not all possible, I did manage a wee meet up with Beanie earlier this year when I went to visit beautiful lavender fields up her way.


    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: 91,483 Ambassador
    Academoney Grad I'm a Volunteer Ambassador Mortgage-free Glee! Name Dropper
    Options
    Yah.
    Great idea.
    It was lovely to see you.

    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: 27,901 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Options
    Definitely sounds like a good plan. Makes life worth living and gives you memories to see you through hard times
    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: 12,831 Forumite
    Name Dropper First Post Photogenic First Anniversary
    Options
    Separate savings account has now been sidelined as a "fun account", so I can use this without feeling guilty for trips away and leisure purchases :)
    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: 27,901 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Options
    I like it and I think it will help you stay on track
    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: 12,831 Forumite
    Name Dropper First Post Photogenic First Anniversary
    Options
    I keep watching gardening programmes - I need an improved savings plan!
    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: 27,901 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Options
    Start with seeds - can get a lot of flowers / veg from a few seeds
    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: 12,831 Forumite
    Name Dropper First Post Photogenic First Anniversary
    Options
    Start with seeds - can get a lot of flowers / veg from a few seeds
    It's hard landscaping type issues... I want new fencing, slabs up and replaced, raised beds and then trees, plants etc
    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: 27,901 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Options
    Can you do it in stages? Start with pots in hard landscaping?
    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: 12,831 Forumite
    Name Dropper First Post Photogenic First Anniversary
    Options
    Can you do it in stages? Start with pots in hard landscaping?
    I will have to😂 too many ideas, I shall start making plans and researching sources.
    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!
Meet your Ambassadors

Categories

  • All Categories
  • 344.8K Banking & Borrowing
  • 250.6K Reduce Debt & Boost Income
  • 450.4K Spending & Discounts
  • 236.9K Work, Benefits & Business
  • 610.8K Mortgages, Homes & Bills
  • 173.9K Life & Family
  • 249.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards