Final push .£50,000 in two years .Can i do it ?

savingholmes

You have done an amazing turnaround. So impressive to read.

try_harder

Thank you savingholmes

try_harder

Week 20 .
£200 added to the PBs so far this week .I am aiming for £400 so another £200 to go by Sunday .Its all looking doable at the moment .One item on Ebax at £31 at the moment with 3 days to go so that will also be going in to the mix .

We have had an expensive week as one of our lights got broken and we had to replace it costing us over £200 ,so frustrating as it was a silly accident 

Room one is still not completed but is half way there .I am hoping it will be finished by the end of the year .The flooring will be the most expensive item but it is looking good so far

adindas

try_harder said:

With only just over three years left to pay off our interest only mortgage we have decided to put everything we have in to paying it off with the intention that if all goes well we can pay it off .We will see how things pan out and if we dont think we are on target we also have the option of downsizing .The main thing is the more we can pay off the better .

So we have taken out some of our emergency savings and paid it off of the mortgage and also used the money from the MC that i was saving and also paid that off the mortgage .We now need to save £500 a week in order to pay most of the mortgage off in two years .We will probably owe five to ten thousand pounds at that point which would be amazing .So here we go .

To me it will depend on the mortgage rate and the best saving available in the market. If the difference is relatively big, I am not going to pay it off even there is money available to complete that task, as that money could be put in saving account instead to earn some interests.

Moneyfordreams

Keep going try harder - you're doing really well 

savingholmes

Good luck with the sales. Still doing amazing 

try_harder

Thank you adindas ,Moneyfordreams and savingholmes

Week 20 has almost finished and i have managed to save £500 this week .I managed to sell a couple of bigger price items which was really good..
Total in PBs £9600..I am so happy with this number and very grateful .

On to week 21 and reaching the £10,000 mark fingers crossed

LadyWithAPlan

fabulous focus! Very inspiring 

try_harder

Oh dear , the weeks have just flown by but the good news is that i have been very dedicated to money saving and have managed in total to pay off £20,000 this year .I have emptied out every single pot of savings that we had to do so .

Now we have £30,000 left and i am going to go all out to try and pay it all off next year with my fingers very tightly crossed

savingholmes

Congratulations 👏👏👏 you are doing great.

Hope you are enjoying the festivities