Onwards towards mortgage free living

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  • Added an extra £50 towards mortgage so £350 so far this month. 

    The way I'm tracking my money is really helpful. At the moment I am on track to add an extra £300 to that total. 

    I also passed probation today at work which is great (nothing changes with regards to my work just makes things a little more secure)
    Mortgage: £116,060 (Apr 2024)
    Initial MF date: Apr 2048
    Current MF date: Dec 2044

    MFW 2022 #98 £2,2000/£1,800
    MFW 2023 #35 £7,510/£7,500
    MFW 2024 #24 £1,225/£5,000
    MFi3-T6 #41  £21,231/£27,495 (Mortgage Target £110,000)

    Weight Loss Q1 24: 5/12lbs
  • Started the week by adding £50 into the mortgage making a total of £400. 

    I got whiplash and a mild concussion from playing rugby at the weekend...so everything feeling sore but not yet sure what this means for my pay this month...whether or not I'll be docked a couple of days pay. Not the end of the world (and I'm not in a position to work anyway - slept pretty much all day today!) but annoying with it being December next month.
    Mortgage: £116,060 (Apr 2024)
    Initial MF date: Apr 2048
    Current MF date: Dec 2044

    MFW 2022 #98 £2,2000/£1,800
    MFW 2023 #35 £7,510/£7,500
    MFW 2024 #24 £1,225/£5,000
    MFi3-T6 #41  £21,231/£27,495 (Mortgage Target £110,000)

    Weight Loss Q1 24: 5/12lbs
  • savingholmes
    savingholmes Posts: 27,259 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Hope you recover quickly. 

    Just wishing you well on your journey.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
  • Been an interesting week - any spare time I have has pretty much been spent resting so one positive out of the concussion is I've easily kept within my budget! 

    I signed up to the Octopus savings sessions and managed to use 66% less electricity in the first session giving me 44p to add to my credit when I'm allowed. Because I've been adding the same amount to my gas&elec each month (even with the Gov bonus), my credit is looking pretty healthy. I may look to take some of the credit back or lower my current payment early next year and put towards the mortgage. 
    Mortgage: £116,060 (Apr 2024)
    Initial MF date: Apr 2048
    Current MF date: Dec 2044

    MFW 2022 #98 £2,2000/£1,800
    MFW 2023 #35 £7,510/£7,500
    MFW 2024 #24 £1,225/£5,000
    MFi3-T6 #41  £21,231/£27,495 (Mortgage Target £110,000)

    Weight Loss Q1 24: 5/12lbs
  • Added another £100 overpayment this morning so total of £500 for the month so far. Think I will be able to add another 200-250 before next payday too which will be awesome. And will be the most I've ever overpaid in a month. 

    Another Octopus savings session later this evening. So need to make sure my laptop is charged and candles are out. 
    Mortgage: £116,060 (Apr 2024)
    Initial MF date: Apr 2048
    Current MF date: Dec 2044

    MFW 2022 #98 £2,2000/£1,800
    MFW 2023 #35 £7,510/£7,500
    MFW 2024 #24 £1,225/£5,000
    MFi3-T6 #41  £21,231/£27,495 (Mortgage Target £110,000)

    Weight Loss Q1 24: 5/12lbs
  • Managed to get my sister some perfume and her boyfriend a DIY book for xmas without spending a penny. All those points I have saved over the year worked out well. Still have some points on both Boots and Waterstones that I can use for others if I see anything.

    I was also able to use some black friday discount codes to buy my other sister's presents so saved my self around 30quid (they were presents I was going to buy anyway so great that I could actually utilise BF!)
    Mortgage: £116,060 (Apr 2024)
    Initial MF date: Apr 2048
    Current MF date: Dec 2044

    MFW 2022 #98 £2,2000/£1,800
    MFW 2023 #35 £7,510/£7,500
    MFW 2024 #24 £1,225/£5,000
    MFi3-T6 #41  £21,231/£27,495 (Mortgage Target £110,000)

    Weight Loss Q1 24: 5/12lbs
  • gillynomad
    gillynomad Posts: 102 Forumite
    First Post First Anniversary Photogenic Name Dropper
    edited 27 November 2022 at 3:20PM
    Got a new Christmas tree + some lights using my Nectar points (so "free") - I bought a "Natural look" tree which while not that environmentally friendly, will last me for years. I love real Christmas trees but with a dog plus location of the tree in the house it doesn't make the most sense to get a real one every year.
    Mortgage: £116,060 (Apr 2024)
    Initial MF date: Apr 2048
    Current MF date: Dec 2044

    MFW 2022 #98 £2,2000/£1,800
    MFW 2023 #35 £7,510/£7,500
    MFW 2024 #24 £1,225/£5,000
    MFi3-T6 #41  £21,231/£27,495 (Mortgage Target £110,000)

    Weight Loss Q1 24: 5/12lbs
  • £100 overpayment today for a total of £600 for the month so far. Get paid in 3 days and based on my budget will have another £200 to add to the mortgage then. 

    Got 31p from the last Octopus savings so gives me a total of £0.75 across the two sessions. I have put up my xmas decorations so imagine my elec bill will take a hit going forward. 
    Mortgage: £116,060 (Apr 2024)
    Initial MF date: Apr 2048
    Current MF date: Dec 2044

    MFW 2022 #98 £2,2000/£1,800
    MFW 2023 #35 £7,510/£7,500
    MFW 2024 #24 £1,225/£5,000
    MFi3-T6 #41  £21,231/£27,495 (Mortgage Target £110,000)

    Weight Loss Q1 24: 5/12lbs
  • You're smashing it this month - well done!
    May 2020 opening: £181,500, 21 year term. £14k additional borrowing December 2021
    Current balance: £153,493 (inc. offset in savings)
    MFW #37. Aiming to pay off by December 2033
    2023 OPs: £2,049.05
  • You're smashing it this month - well done!
    Thanks! It's going better than expected...

    However, I have discovered that some cracks at the front of my house are causing damp to appear in the front room...so trying to find someone who can fix it otherwise will need to do some DIY on something that is a bit more complicated than just stripping paint and adding some dampseal! 
    Mortgage: £116,060 (Apr 2024)
    Initial MF date: Apr 2048
    Current MF date: Dec 2044

    MFW 2022 #98 £2,2000/£1,800
    MFW 2023 #35 £7,510/£7,500
    MFW 2024 #24 £1,225/£5,000
    MFi3-T6 #41  £21,231/£27,495 (Mortgage Target £110,000)

    Weight Loss Q1 24: 5/12lbs
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