Final Stretch

2

Comments

  • Maybe extra blankets, thermal Vests in the home and a few hot water bottles for watching TV etc.
    Plus can you turn the heat off in some rooms? I guess it depends on how drastic you go

    Well done on all the PP will follow along to cheer 
    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
  • Maybe extra blankets, thermal Vests in the home and a few hot water bottles for watching TV etc.
    Plus can you turn the heat off in some rooms? I guess it depends on how drastic you go

    Well done on all the PP will follow along to cheer 
    Thank you 😊 

    We usually only have two heaters on. One in the living room plus one low in the hall so going to the bathroom or kitchen isn't such a huge shock. We do have a heater in the kitchen and bathroom which is only occasionally used when it is really cold but none in the bedroom (electric blankets instead 😀😀).

    I've just had our new electricity price rise through... now will be £150 a month. So I think maybe more use of the open fire, more thermals and another blanket for the sofa is in order..... 


    Original MF Date January 2035. MF Date February 2022
  • September update 

    Mortgage is now £37,380 🥳🥳
     
    Got one more monthly payment left before the annual overpayment allowance is reset so there won't be a big difference until then.

    The main household challenge is now getting ready for winter and keeping that electricity bill down as much as possible 😬😬
    Original MF Date January 2035. MF Date February 2022
  • Energy supplier switch done!

    There wasn't much difference in price, just a few pounds but having seen Martin's email today saying another price rise is expected in April I thought I'd better fix!
    Original MF Date January 2035. MF Date February 2022
  • Of course, the energy supplier I switched to is one that folded last week....

    I'm managed to stop the switch so I'm still with my original supplier. Currently my account is in debit by about £100 and so my monthly payments are going up from next month. However, I've been through my bills and it looks like they have over estimated my energy usage as since January they have charged me for 700kwh more than I have actually used. This despite having a smart meter which is supposed to send them readings.

    So I have queried it and will see what happens.

    In other news I have transferred some of my savings which will be used to make our final payment to Premium Bonds! As I'm getting 0.01% interest on the savings I'm not losing out by putting it into PBs, especially as it only takes 3 days to cash them in. 
    Original MF Date January 2035. MF Date February 2022
  • You’re so close to paying off that mortgage!

    I see you share my pain with the energy hike.
    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 mortgage of £103000
    May 2021 mortgage of £100000
    July 2021 mortgage of £97000
    November 2021 mortgage of £93000
    July 2022 mortgage of £84000
    December 2022 mortgage of £79000
    December 2023 mortgage of £73000
    March 2024 mortgage of £70000
  • MissLemon
    MissLemon Posts: 112 Forumite
    First Anniversary Mortgage-free Glee! First Post Combo Breaker
    Only 2 months left before we can pay off the mortgage!

    Although I'm now having a little wobble. There are a lot of things that could be improved in our house. A new kitchen, a new bathroom and a fresh lick of paint in the hallway.

    We currently have our money waiting to pay off the mortgage at the end of our fix in January. But I keep wondering.... should we instead go for another 2 year fix which will half our monthly mortgage payments and give us the cash to do some home improvements, or do we pay off and then save up to do the work, which could take a year or so...
    Original MF Date January 2035. MF Date February 2022
  • powerspowers
    powerspowers Posts: 1,115 Forumite
    First Anniversary First Post Name Dropper
    Hmmm tough one!! How much do you think you need for the house bits and how long would it take to save? If you were mortgage free would you borrow the same amount or would you wait? Is there a compromise ie do one room next year and save up for the other? 
    Not trying to sway you either way but some questions to consider!! 

    Well done on the OPs so far, your undramatic strategy of plodding away at it has paid off 😁
    MFW 2021 #76 £5,145
    MFW 2022 #27 £5,300 
    MFW 2023 #27 £2,000
    MFW 2024 #27 £1,075 /£3,600


  • MissLemon
    MissLemon Posts: 112 Forumite
    First Anniversary Mortgage-free Glee! First Post Combo Breaker
    Well the deed has been done!!!

    Final payment made last month and we are now mortgage free!!!

    WOO HOOO!!!

    Kitchen and bathroom are the next big projects, trying to put the money we would have paid on the mortgage towards those, although the increase in electric has taken a chunk of that away already!!
    Original MF Date January 2035. MF Date February 2022
  • Congratulations  -  Must be a wonderful feeling. 
    MFW -  01 10 21. £63761 01.10.22 £50962 01.10.23 £39979

Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.2K Work, Benefits & Business
  • 608K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards