Solo MF wannabe (as soon as I can be... at least by 2032)

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  • CasualMFW
    CasualMFW Posts: 65
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    Out of curiosity, why are you overpaying your mortgage, instead of say investing in a regular saver at 6/7%?
    Hello, I'm not. I've got my OP fund in a seperate savings account. Pointless overpaying the mortgage at the moment as the interest is only 1.29%.
    Solo Buyer & MFW
    Start date: January 2016
    At it's highest: -£237,000
    Current Balance:  -£73,754 (March '23)
    2021 OP total: £6,000
    2022 OP total: £10,535

  • CasualMFW
    CasualMFW Posts: 65
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    What are you planning for your garden?
    First job is to put a door into the garage so it can be accessed from the garden, eventually half of the garage will be turned into a bar.

    The garden needs the existing patio taking up and replacing as well as extending to the left of the garden. Then the plan is to put some artificial grass into the middle with some raised planters to the side.
    Solo Buyer & MFW
    Start date: January 2016
    At it's highest: -£237,000
    Current Balance:  -£73,754 (March '23)
    2021 OP total: £6,000
    2022 OP total: £10,535

  • CasualMFW
    CasualMFW Posts: 65
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     July update
    Sorry for the radio silence since March. The overpayment fund has since changed to a maternity fund since finding out that I'm expecting 🥳

    I'm hoping to be to be able to keep the mortgage overpayment fund totting up over the next year and a half or so, despite my earnings taking a huge hit. In terms of the money-saving I'm fully stocked up on clothes and equipment courtesy of my sister, managed to buy the pram second hand and just paid off the nursery furniture, which did put a dent in the EF, but there's very little left to buy now.

    As it stands:
    Mortgage: -£71,800
    EF: £8,600
    OP: £916

    How's everyone been doing? 🙂
    Solo Buyer & MFW
    Start date: January 2016
    At it's highest: -£237,000
    Current Balance:  -£73,754 (March '23)
    2021 OP total: £6,000
    2022 OP total: £10,535

  • congratulations on your pregnancy! You are doing so well getting your mortgage sorted - well done 😀
  • beanielou
    beanielou Posts: 89,263
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    Congratulations on the forthcoming arrival  :)
    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 [email protected]. 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.
  • CasualMFW
    CasualMFW Posts: 65
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    Thank you for the kind messages of congratulations 😁
    Solo Buyer & MFW
    Start date: January 2016
    At it's highest: -£237,000
    Current Balance:  -£73,754 (March '23)
    2021 OP total: £6,000
    2022 OP total: £10,535

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