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It always seems impossible until it’s done…

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debtfreeoneday
debtfreeoneday Posts: 4,814 Forumite
Mortgage-free Glee! Name Dropper First Anniversary First Post
edited 2 January 2023 at 4:44PM in Mortgage-free wannabe
I started this journey 14 years ago with some £65k worth of debt and £118k left on the mortgage. 

Whilst the original aim was to clear the mortgage by the end of 2023 in line with retirement plans, it hasn’t quite worked out that way. Buuuuut if I look at what we’ve achieved, we have come so far!  

We cleared every single pound of debt. We have overpaid on the mortgage regularly and are now down to just over £40k  outstanding. 

So I’m starting a new diary to see us through to mortgage freedom now. It might take a year. It will in all honesty take longer but we are still as committed as ever to clearing it as soon as we can. 

What once felt impossible though is oh so nearly done. We’ve cleared some £143k of debt in that time. So onwards and downwards now. 

DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)
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  • Karmacat
    Karmacat Posts: 39,460 Forumite
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    Subbed again!  You know you're nearly there :)  I mean, look at the fulfilment for those goals that started at the end of November - really good percentages there!
    2023: the year I get to buy a car
  • pennywisepoundstupid
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    Happy New Year and Happy New diary xx
    Mortgage Jan 2023 9yrs 11mths £61,389 Mortgage overpayment £1867/£3600 Mortgage Jan 2022 11yrs 6mths £69.996 Mortgage overpayment £3132/£3600
  • SandyShores
    SandyShores Posts: 1,534 Forumite
    First Anniversary Photogenic First Post Name Dropper
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    You are getting so close to that target now :smiley:
    Mortgage 31May est. £183,500 £244,947, Ends Jan'38 Jun'39 (target Feb'31)
    H2B Loan Est: £75k (accord to NW) - saved for Jun25 so far £15

    EF £6,325; Personal savings (PBs/ISA new car fund): £2200
    Check Seven Goals Regularly; Work-life balance.
    Celebrate being 60; Be 'Good Enough'
    Books Read: stuck on no.6 in 2024
  • debtfreeoneday
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    Thanks for all popping in. I’m feeling super motivated at the mo to crack on. 

    To that end, I’ve just cashed in £10 Amazon voucher from shopandscan so off to a good start with money earned this month! 
    DFW (08/08) £64,346.53 Gone (02/19)
    MFW (08/08) £118k Gone (09/23)
  • SandyShores
    SandyShores Posts: 1,534 Forumite
    First Anniversary Photogenic First Post Name Dropper
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    I can feel that motivation from here :smile:

    ⚡⚡⚡

    Mortgage 31May est. £183,500 £244,947, Ends Jan'38 Jun'39 (target Feb'31)
    H2B Loan Est: £75k (accord to NW) - saved for Jun25 so far £15

    EF £6,325; Personal savings (PBs/ISA new car fund): £2200
    Check Seven Goals Regularly; Work-life balance.
    Celebrate being 60; Be 'Good Enough'
    Books Read: stuck on no.6 in 2024
  • debtfreeoneday
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    £13 cashback requested and on The way. 

    No win on premium bonds for me this month. Waiting for the kids to wake up to check theirs. Be nice if one of them won something!  

    Few surveys on prolific updated their amounts payable so I’ll be at payout again when they all clear. 


    DFW (08/08) £64,346.53 Gone (02/19)
    MFW (08/08) £118k Gone (09/23)
  • Sarahwithlove
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    Good luck on the rest of your journey it will be gone before you know it. 
    *Dad loan - £5300 - £1700
    *Virgin Credit Card - £3552.50 - £0
    *Barclaycard - £0

    *Total debt - £1700*

    *Sinking Fund - £2000/£3000*
    *Emergency Fund -£50/£2000

    *Debt Repayments Pot - £0/0*

    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
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