📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

GAP and LMG, can we become mortgage free?

1181921232433

Comments

  • dawnybabes
    dawnybabes Posts: 3,371 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Welcome back 😍😍
    Sealed pot challenge 822

    Jan - £176.66 :j
  • girlatplay
    girlatplay Posts: 3,884 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    beanielou said:
    Amazing. Nearly half way to the next £1000😊
    Working on it!  :)
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £161,690.76
    300 271 payments to go.
    House buyout fund £21,000/£40,000
  • girlatplay
    girlatplay Posts: 3,884 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Welcome back 😍😍
    Thank you  :)
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £161,690.76
    300 271 payments to go.
    House buyout fund £21,000/£40,000
  • girlatplay
    girlatplay Posts: 3,884 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    It's taking me a bit of time to get through catching up with diaries. I keep thinking I'll just read the last couple of pages and an hour later I'm still there!

    Went out with bf earlier for coffee. I had planned to pay but he said I paid last time so he paid. Not going to argue.

    Did some Christmas wrapping when I got home. Little and often makes it bearable. I don't mind wrapping but I get tired after a while and when that happens they end up looking like fish suppers. Last year I set myself a goal to have everything wrapped before Christmas Eve (my norm is to stay up until silly o'clock on Christmas morning, wrapping, annoyed with myself for leaving it so late). I managed and it was the most relaxing Eve ever. Same goal this year, especially as I'm cooking this year so not got time to be doing anything else.

    The 4p in my signature (and account) was just irritating, as I knew it would become. I have rounded it up. I would have paid more to it since I didn't pay for coffee but I get overexcited when I PAD and end up short at the end of the month. I'm trying to take it easier, especially with the festivities coming, as I will likely need a bit more than usual this month.

    Just a wee 96p PAD today.
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £161,690.76
    300 271 payments to go.
    House buyout fund £21,000/£40,000
  • savingholmes
    savingholmes Posts: 28,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    How lovely to find £30 like that.

    Well done on the PADs
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • beanielou
    beanielou Posts: 95,676 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Look like fish suppers 😂😂
    Thats exactly what mine look like. 
    That is such a great description. 
    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.
  • EssexHebridean
    EssexHebridean Posts: 24,424 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 4 December 2023 at 2:12PM
    girlatplay said:
    When I was emptying a box last week (yes, we've lived here over a year. Yes, there are still boxes to empty. Many people assure me we're not the only ones) I found an envelope with my name on it and £30 in paper notes. That's not like me at all, to have money I don't know about, a rare occurrence.  This morning I took that to the bank and paid it into my account.

    I usually do the money shuffle when I get paid on the last day of the month but I was a bit slower this month. I sorted that out earlier tonight and now all the funds are in their rightful places. £50 to the buy out fund.

    Total to the buy out fund today = £80
    Not too shabby for my first day back here!  Thats me up to £459.04 towards the next £1k.
    I was SO determined to not be "that person" with the boxes - and in fact most of ours ARE empty. I did find one we'd totally forgotten in the office yesterday - it was just a dinky one with stationery etc in it, so that has now been mostly unpacked but I need to find more storage options for some of the bits in it... other than that there is one in the spare room (plus one which has the Christmas decs in it - those will be repacked into a plastic storage box after christmas though) and I think 2 in the shed which are stuff which will not be needed any time soon. I have to say though, sadly we didn't find any money in any of ours - and the one and only moving breakage was my fabulous cross eyed bright pink piggy bank - I was very sad about that!  I did the same thing with the boxes when we moved into the flat too, just cracked on and got them all emptied, although that was mainly because we didn't really have the space not to! 

    I was incredibly touched how many folk were cheering me on during our moving saga, it really did make life so much easier knowing that people were keeping fingers crossed for us, so thank you for being one of them! 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    £100k barrier broken 1/4/25
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • beanielou
    beanielou Posts: 95,676 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    I wrapped a Christmas present which looked just like a fish supper.
    True story.
    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.
  • girlatplay
    girlatplay Posts: 3,884 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    How lovely to find £30 like that.

    Well done on the PADs
    Thank you. I was a bit annoyed with myself for it being in the box without me realising but it was a nice surprise. Also, there was a card in with it so I know where it came from.

    girlatplay said:
    When I was emptying a box last week (yes, we've lived here over a year. Yes, there are still boxes to empty. Many people assure me we're not the only ones) I found an envelope with my name on it and £30 in paper notes. That's not like me at all, to have money I don't know about, a rare occurrence.  This morning I took that to the bank and paid it into my account.

    I usually do the money shuffle when I get paid on the last day of the month but I was a bit slower this month. I sorted that out earlier tonight and now all the funds are in their rightful places. £50 to the buy out fund.

    Total to the buy out fund today = £80
    Not too shabby for my first day back here!  Thats me up to £459.04 towards the next £1k.
    I was SO determined to not be "that person" with the boxes - and in fact most of ours ARE empty. I did find one we'd totally forgotten in the office yesterday - it was just a dinky one with stationery etc in it, so that has now been mostly unpacked but I need to find more storage options for some of the bits in it... other than that there is one in the spare room (plus one which has the Christmas decs in it - those will be repacked into a plastic storage box after christmas though) and I think 2 in the shed which are stuff which will not be needed any time soon. I have to say though, sadly we didn't find any money in any of ours - and the one and only moving breakage was my fabulous cross eyed bright pink piggy bank - I was very sad about that!  I did the same thing with the boxes when we moved into the flat too, just cracked on and got them all emptied, although that was mainly because we didn't really have the space not to! 

    I was incredibly touched how many folk were cheering me on during our moving saga, it really did make life so much easier knowing that people were keeping fingers crossed for us, so thank you for being one of them! 
    I wasn't "that person" when we moved into the flat but, like you, there wasn't that much space. Not that there's a huge amount here, they've just been lying around.  Sorry to hear about your piggy bank. I love a piggy bank, have to physically stop myself from buying them, not keast bevsuse I hardly ever have change anymore.

    We did the same with the tree and decs, packed into a plastic storage box (bought with a housewarming gift card from a lovely person) after Christmas last year.

    I'm still working my way through your diary. 28 pages to go! I know where I left off so I'm picking back up from there.

    beanielou said:
    Look like fish suppers 😂😂
    Thats exactly what mine look like. 
    That is such a great description. 
    beanielou said:
    I wrapped a Christmas present which looked just like a fish supper.
    True story.
    I'm actually laughing out loud here 🤣🤣 It describes mine very well when I get tired. I do try harder at the start.
    Mortgage at 12/07/2022 = £175,000
    Mortgage today = £161,690.76
    300 271 payments to go.
    House buyout fund £21,000/£40,000
  • beanielou
    beanielou Posts: 95,676 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Will post a picture tomorrow 😂
    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.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.