Pay off mortgage and start having even more fun ๐

newgirly
Forumite Posts: 8,750
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Finally after twelve years of part one of this diary itโs time for part two ๐
Heres part one, slightly lengthy now to say the least!ย https://forums.moneysavingexpert.com/discussion/2408201/pay-off-mortgage-and-start-having-fun/p1
Heres part one, slightly lengthy now to say the least!ย https://forums.moneysavingexpert.com/discussion/2408201/pay-off-mortgage-and-start-having-fun/p1
So condensing 12 years into a few sentencesโฆ.
I joined the mfw board in April 2010, with a pile of debts and a mortgage totalling ยฃ171,403 terrible considering the original mortgage before getting into debt was ยฃ93k ๐ฑ
Dh was shareholder in a company working for his best friend who sadly a few years later passed away, he then took over and over the next few years tried to keep it going. Unfortunately itโs a dying trade that needed a lot of investment. Anyway fastforward a bit and he now doesnโt own the company but manages it, but we do now own the premises (mortgage free) which is now rented to the company he works for, simple ๐ ย oh and dh has had a pay cut and Iโve been made redundant during the pandemic.ย
I joined the mfw board in April 2010, with a pile of debts and a mortgage totalling ยฃ171,403 terrible considering the original mortgage before getting into debt was ยฃ93k ๐ฑ
Dh was shareholder in a company working for his best friend who sadly a few years later passed away, he then took over and over the next few years tried to keep it going. Unfortunately itโs a dying trade that needed a lot of investment. Anyway fastforward a bit and he now doesnโt own the company but manages it, but we do now own the premises (mortgage free) which is now rented to the company he works for, simple ๐ ย oh and dh has had a pay cut and Iโve been made redundant during the pandemic.ย
Family has now grown up, our 24 year old dd has finally recently started her dream job which sheโs been studying for for years. Our twin sons (21) are also both working full time, one in a great job he loves and one who is killing time really deciding what to do. We have two weddings this year, dd and ds2 who strangely are marrying a brother and sister ๐ weddings are booked and they are paying for it all with contributions from us to help.ย
Back when I joined I was a sahm who would do just about anything to save money, as Iโve got older I have eased off a fair bit really ๐ Now itโs not all about the mortgage, we want to get a bit more balance by travelling a bit now the kids are older (I had dd at 22 so we were young!) but I think I do need to keep that budget super tight again as spending on travel should not overflow into spending more on everything else or we will never be mortgage free!ย
So this years start balance is ยฃ64,938 and the target for this year is to pay off ยฃ13k and over the next three years pay off a total of ยฃ40k.ย
2022 MFW 67 - 33 month challenge to clear mortgage, month 12 completed and on track ๐MFI3 No.12
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Comments
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Ooh, look at you with your bright and shiny new diary ๐! Looking forward to hearing about your next adventures and slightly crazy plans (hopefully I can keep up ๐คฃ)! Good luck, NG! xMortgage start: ยฃ65,495 (March 2016)
Cleared ๐งโโ๏ธ๐งโโ๏ธ๐งโโ๏ธ!!! In 5 years, 1 month andย 29 days
Total amount repaid: ยฃ72,307.03. ยฃ1.10 repaid for every ยฃ1.00 borrowed
Finally earning interest instead of paying it!!!6 -
Happy New Year NG! Also, what SC said! XMortgage Balance as of 01/01/23 ยฃ44,700 Starting Mortgage Balance (June 2019) ยฃ72,000 2023 Overpayment Challenge: Jan ยฃ235.93, Feb ยฃ370.68, Mar ยฃ269.08, Apr ยฃ354.95, May ยฃ166.49, Jun ยฃ161.23, Jul ยฃ364.57, Aug ยฃ459.08, Sept ยฃ711.21, Oct ยฃ825.54 Nov ยฃ317.84 Savings Target: ยฃ650/ยฃ1,2004
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Happy new year and new diary!3
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I'd forgotten that we'd joined at basically the same time
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Look forward to reading all about the latest ng happeningsx
I am the master of my fate; I am the captain of my soulRepaid mtge early (orig 11/25) 01/09 ยฃ124616 01/11 ยฃ89873 01/13 ยฃ52546 01/15 ยฃ12133 07/15 ยฃNILNet sales 2023: ยฃ253.605 -
I know greent, I should be called oldgirly now itโs been so long ๐ฌย
Slightly crazy plans seems par for the course SC, will try my best ๐ย
Popped to tesc@ first thing today and it was wonderfully empty, ยฃ141.50 spent from my shiny new ยฃ550 pm budget, however ยฃ100 of that was on 10x bottles of champagne on offer, I wanted to get some for the hen do pre drinks (would have said prinks but itโs soooo Essex ๐) and wedding related things that might require it before the big days. Not sure if I should count it as grocery shopping for the purposes of my tracking this year, probably not ๐ค it also needs to be hidden from dd who often leaves a visit with a bottle of Prosecco under her arm if she can!ยPlans for tomorrow- move off of sofa, attempt to stick to calorie goals and at least 10k steps, do some washing, write new bucket list ๐ฌ The last one I did was probably 3/4 completed when I posted it back around 2014 of 40 things I wanted to do when I turned 40. I think this time Iโll just do a bucket list for 2022 , if it gets too exotic and fancy it will never happen and Iโll forget what I planned.ย2022 MFW 67 - 33 month challenge to clear mortgage, month 12 completed and on track ๐MFI3 No.124 -
Found the old bucket list, more of this was ticked off than is shown ๐
2022 MFW 67 - 33 month challenge to clear mortgage, month 12 completed and on track ๐MFI3 No.123 -
Actually I think nearly all is done now, I think I missed eating chips on a pier, doing a puzzle, building a sand castle, making bunting and going for a picnic perhaps.ย2022 MFW 67 - 33 month challenge to clear mortgage, month 12 completed and on track ๐MFI3 No.124
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Happy New Year and Happy New Diary xxยฃ44752.79/savings ยฃ40892.302
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Happy New diary NG! Your kids were so little when you started your first one - where does the time go?!
Lol at DD leaving with Prosecco if she can! Cheeky thing!Mortgage free 16/06/2023! ยฃ132,500 cleared in 11 years, 3 months and 7 days
'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway2 -
Another diary i always read and looking forward to this one too..2
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