Paying down the mortgage, motherhood and the marvels of life. Welcome my beautiful diary friends

mumof3.12kindebt

Hi @mumtoomany thank you for stopping by and Thankyou so much for following my journey on youtube too! I really appreciate it ❤️

I hope you are all well. And you too @mumtoomany

I still plan to overpay the mortgage but at the moment i am concentrating on 

Fully funding our 3 month emergency fund

Then we will concentrate on 
Overpaying the mortgage 
House repairs 
New car 

Then i want to fund all my expected expenses for the year so

car insurance tax mot service - fully funded 
Middle sons birthday - fully funded 
Tv licence 
I want to save £1000 in a car repairs fund
Holiday spending money - fully funded 
Chimney sweep 
Boiler service 
Fire wood 
Christmas 


I cant remember what else off the top of my head. 

We have been sticking to our budget which is fab.


Im hoping for a low spend year so we can get ourselves in a good place financially 


Thankyou for all the continued support everyone x

South_coast

Lovely to hear from you. Fab news that you are doing so well 😀

mumtoomany

Hi, @mumof3.12kindebt. Lovely to hear from you. Glad your ok. I was beginning to worry about you. Just seen on your signature that you've already knocked 13 years of the mortgage. Well done! Hugs to you and the family, mumtoomany.xxx

dawnybabes

Hope you are well 

mumof3.12kindebt

Hi everyone thankyou so much for popping over. 

Well we have about 5 weeks left till the end of 2024 and what a year it has been.  

I've been off work since July 😩 not sure when I'll be able to return. 

But on a positive note despite being on ssp since July by the end of the year I should have a fully funded 3 month emergency fund. 
My mortgage balance should be 108,000 

Well off I have started etsy. I've continued cash stuffing and vlogging my journey over on YouTube and quite honestly despite the lower income currently I am really looking forward to 2024 and my goals I have set myself. 


I do plan to post alot more regularly to my diary on here. 

I plan to have a frugal but fabulous 2024 and I'm looking forward to living a beautiful life on a budget.

Sometimes I look back I see how far I have come and I'm not afraid to say I'm so proud of myself and my little family. From a mum at 16 who everyone doubted said I'd never achieve anything or make anything of my life. With the only consistent person in my life being my grandmother and nana who never doubted me. To being kicked out at 15 because I refused to having an abortion to now. 31 years old, A 14 year old who I could not be prouder of. He's kind, respectful and just all round a great human being (yes I'm probably biased) a nearly 10 year old who has tested my parenting abilities over the years and I times I felt like I had failed. Crying next to his bed as I tried to get him to sleep at night to later find out he has multiple additional needs and health issues. But I wouldn't change him for the world he showed me a world I thought I knew but I didn't really, and showed me that the little things is what you should be greatful for. And a 6 year old who is so head strong she's either going to lead the mafia or a a million pound company one day (let's hope its the latter 😜 ) but honestly she's a joy and always makes me laugh aswell as always looking out for her brother. There's also the pup who is just a dream and of course the other half. We recently celebrated 8 years together. We still hope to marry one day. He's my constant, and genuinely I couldn't imagine life without him. I guess I was trying say how proud I am of us. And the little life we have created. We're not rich and we were both absolutely bare bone broke when we met. But I knew and know the life I wanted. I knew what my dreams were and I've stayed consistent in trying to achieve them ❤️

For many it's been a really hard year the cost of living the last few years is just beyond what anyone ever expected. And we have felt it too. My gas and electric bill doubled in 2022 and hasn't come down much since (£30 less now than it was this time last year) my wages were around 1k a month and since July I've been on ssp of around £400 every 4 weeks. But I'm actually ending the year with more in my emergency fund than I had at the beginning of the year and no debt other than our mortgage.

All of this was only due to low spend, budgeting and cash stuffing. 

I can't wait for 2024. I hope everyone has the most amazing next 6 weeks and the most amazing 2024 especially those that for whatever reason has had a rough ride this year. 

Love to you all 

mumtoomany

Hi, @mumof3.12kindebt. Lovely to hear from you again. I've been watching, your hands, on YouTube. Sorry to hear you've been, and still are, ill. Glad things are ok financially. Well done on getting your emergency fund filled despite it all. Looking forward to more posts. Hugs to you and your family, mumtoomany.xxx

mumof3.12kindebt

Awww @mumtoomany this made me smile so much ☺️ ❤️ thankyou so much for continuing to watch I really appreciate it 😊 Thankyou yes not sure when I'll be well enough to return to work but we are making the best of it 😊 hope you are well xx

LadyWithAPlan

Well done on keeping the focus and glad all is working happily forward

mumtoomany

Hi, @mumof3.12kindebt. Glad I made you smile. We are all well here, us two, DD1 and her OH and the DGC. Also the dog, the chickens and the sheep are well. Although saying sheep look well is usually a cue for them to drop dead! Still surviving on almost no money! But dadtoomany reaches retirement age in January, so we will be a bit better off. I'm busy making a list of all the things we might need to buy, that we've been avoiding buying for so long. Underwear is top of the list so far, what an exciting life we lead! Hugs to you all, mumtoomany.xxx

PS I will wave in your direction latter in the year, when we are on our way "up north" for Christmas.

mumof3.12kindebt

mumof3.12kindebt said:

Good evening  my beautiful diary friends, 
Welcome old and new. I hope you are all well? 

Right, well I suppose I'm best to start with Links to previous diaries (In order) 

First debt free wannabe diary 👇

https://forums.moneysavingexpert.com/discussion/5656806/if-i-make-a-start-then-there-has-to-be-an-end-right

Saving for a house deposit diary 👇

https://forums.moneysavingexpert.com/discussion/5732681/best-put-on-my-big-girl-pants-my-saving-for-a-deposit-diary

Finally on the property ladder. Mortgage free wannabe diary 👇

https://forums.moneysavingexpert.com/discussion/6024830/mumof3-12kindebt-mortgage-free-by-40

Debt free wannabe again.... diary 👇

https://forums.moneysavingexpert.com/discussion/6224849/mumof3-12kindebt-dfw-again-15-dec-2020/p1 

If you have read any of these. Thank you! If you have been following me since the beginning then you have been part of my story for around the last 5-5.5 years. 👏 firstly I want to thank everyone on the boards for your continued love and support,  whether it be long or short term lurking, commenting once or commenting regularly, reading one post or reading them all i really do appreciate it. ❤️ and if you have read all my posts and all my diaries I'm throwing you a virtual medal because that is probably more bedtime reading than you would do in the first 12 months of your child's life or the first year of a degree 🥳 or maybe even both put together 🤷‍♀️
But honestly I am very greatful 
 this forum has given me a place to stay on track, get back on track, but most Importantly it's given me a place to document our journey as a family and as just me. 

When I wrote my first post on my first diary I summed up my life in one paragraph quite well 

"24 years old 3 kids . bipolar. physical disability. second child with additional needs and £15k of debt (£12k + interest if i can get approved for a loan and consolidate)

i always thought id leave school go to college , travel. go to uni . get married . buy a house . have kids. raise the babies. then one day retire.

but life had a different plan,

here i am , 24 , 3 kids too two different dads. living in a 2 bed council flat with my partner 3 kids and a cat.

i only have to look at my children to realise why ive never given up. at times when my mental health got too much.

i have big dreams.

but first i need to get my debt paid off , enjoy making memories with my kids .. then i can look at the next stage of my life ,

my youngest is 11 weeks old tomorrow.

that has flown by,

anyway this is my little diary on loving life and paying off the dreaded debt"


Updated version  

29years old 3 kids . bipolar. physical disability. second child with autism, adhd and other complex medical needs and £0 debt 

i always thought id leave school go to college , travel. go to uni . get married . buy a house . have kids. raise the babies. then one day retire.

but life had a different plan,

here i am , 29 , 3 kids too two different dads. living in a 5 bed victorian terrace (which we got a mortgage on 3 years and 1 month ago)with my partner 3 kids a cat and a dog. 

i only have to look at my children to realise why ive never given up. at times when my mental health got too much.

i have big dreams.

but first i need to get my mortgage paid off , enjoy making memories with my kids .. then i can look at the next stage of my life ,

my youngest is  5 years, 4months, 8 days old tomorrow.

that has flown by,

anyway this is my little diary on loving life and paying off the dreaded mortgage "    

❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️

It's been 5 years, 1 months, 23 days since that very first post..
Or 
1880 days ... depends which way you prefer to look at it 🥳🤣

❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️

Well the big news is 3 days ago we paid off our final debt!!! (We still have my student loans and mortgage, we never did include these and don't intend on paying off the student loan early etc) 

The even bigger news is we managed to achieve our or should I say my goal by paying it off before I turned 30! Which is as of today in 5 days time. 

So the mortgage details 

(I will list a full breakdown here somepoint in the next few days) 

Originally we took out a mortgage on the property for  £130,000  5% deposit leaving a balance of £123,500. Over a term of 40 years. Fixed for 2 years. 

Now ... 
Mortgage balance £114,518.71 
Term remaining 29 years 7 months 
Redemption date march 2052
Interest rate 2.19% fixed for another 4ish years.

We are a family of 5. 2 boys and a girl. I had my First son at 16 and before buying our house we were living 2 hours away in a completely different area close to family in a 2 bed housing association flat. 
The house we bought I watched on the estate agents website for months before we viewed it. After around 6 months of watching it they dropped the price we went to view it and put an offer in that was accepted on the 19th February 2019 if you read back on my previous diaries you will see how soon after becoming debt free for the first time we viewed and put an offer in on the house and picked up the keys on 10th June 2019. 

Now 3 years have passed. We did get into debt since buying the house. We had a roof leak that we took a loan out for, had a Woodburner fitted with the remaining money and I took our another loan to buy a cheaper car so I could eventually not have a financed car.. I also got a few things on the credit card and catalogue over that time and we had a debt with our housing association from repairs that were needed after we left the flat. 

Now 3 years and 1 month after first buying the house we are debt free for the second time and now my goal is to renovate the house and pay off the mortgage. We have made some overpayments since we first moved in a total of around £5000 and we have finished a fixed rate and started a new one . 

My initial goal is 22/07/2032 

It isn't really realistic..... but 
...... we are going for it anyway 

Debt free by 30 ✅️
Mortgage free by 40....  🤷‍♀️


I hope you all have a fantastic weekend 

Love, hugs positivity and prayers to you all 

Mumof3 x

Originally we took out a mortgage on the property for £130,000 5% deposit leaving a balance of £123,500. Over a term of 40 years. Fixed for 2 years. 

22/07/2022

Mortgage balance £114,518.71 

Term remaining 29 years 7 months 

Redemption date march 2052

Interest rate 2.19% fixed for another 4ish years.

23/11/2023
Mortgage balance £108,712.86
Term remaining 22 years 6 months 
Redemption date may 2046 
Interest rate 2.19% until March 2026