1% challenge 2023

craftingmad

Little bit more progress from me.
£100 added into OP savings accounts thanks to £90 in tips and £10 from a FB Marketplace sale  

My total now currently stands at £63356.15/£81700 = 77.54% 

 Only £369.85 needed to reach my next whole percent

Highlanddream

craftingmad said:

NeverendingDMP

What good progress and how exciting to be able to hand the money over to pay off BTL one.  You will officially completely own not one but two houses !!

It certainly is something we are looking forward too  

I'm trying to work out what you are doing, you have 3 BTL's, are you aiming to pay off all three? Soon as my debt is paid off I'm saving for some land, maybe put 50% down if I can can save like I am knocking out the debt. LOL. 

craftingmad

Highlanddream said:

craftingmad said:

NeverendingDMP

What good progress and how exciting to be able to hand the money over to pay off BTL one.  You will officially completely own not one but two houses !!

It certainly is something we are looking forward too  

I'm trying to work out what you are doing, you have 3 BTL's, are you aiming to pay off all three? Soon as my debt is paid off I'm saving for some land, maybe put 50% down if I can can save like I am knocking out the debt. LOL. 

That sounds like a great plan - good luck

Yes we had 4 mortgages. the one on our own house (which we have now paid off) and 3 BTL mortgages. We have enough saved to pay off BTL1 mortgage in full and the totals you are currently seeing are going towards BTL2. 

We have an investment account which is currently worth around £55K so this will be used towards BTL3 and then we will get the rest of the money for that mortgage as we have done to pay the other two off if that makes sense? 

I roughly know what I'm doing - which makes a change as usually I'm clueless 

NeverendingDMP

I'm at 16% paid. 😀

NeverendingDMP

Highlanddream said:

craftingmad said:

NeverendingDMP

What good progress and how exciting to be able to hand the money over to pay off BTL one.  You will officially completely own not one but two houses !!

It certainly is something we are looking forward too  

I'm trying to work out what you are doing, you have 3 BTL's, are you aiming to pay off all three? Soon as my debt is paid off I'm saving for some land, maybe put 50% down if I can can save like I am knocking out the debt. LOL. 

Sounds a good plan. I have a friend who bought some land she loves to go stay there and has a little hut to sleep in. will you buy to build or to visit to relax

NeverendingDMP

craftingmad said:

Highlanddream said:

craftingmad said:

NeverendingDMP

What good progress and how exciting to be able to hand the money over to pay off BTL one.  You will officially completely own not one but two houses !!

It certainly is something we are looking forward too  

I'm trying to work out what you are doing, you have 3 BTL's, are you aiming to pay off all three? Soon as my debt is paid off I'm saving for some land, maybe put 50% down if I can can save like I am knocking out the debt. LOL. 

That sounds like a great plan - good luck

Yes we had 4 mortgages. the one on our own house (which we have now paid off) and 3 BTL mortgages. We have enough saved to pay off BTL1 mortgage in full and the totals you are currently seeing are going towards BTL2. 

We have an investment account which is currently worth around £55K so this will be used towards BTL3 and then we will get the rest of the money for that mortgage as we have done to pay the other two off if that makes sense? 

I roughly know what I'm doing - which makes a change as usually I'm clueless 

So when you get to the number three mortgage you are gonna have a big head start ready for the final straight. All sounds promising! 

Highlanddream

NeverendingDMP said:

Highlanddream said:

craftingmad said:

NeverendingDMP

What good progress and how exciting to be able to hand the money over to pay off BTL one.  You will officially completely own not one but two houses !!

It certainly is something we are looking forward too  

I'm trying to work out what you are doing, you have 3 BTL's, are you aiming to pay off all three? Soon as my debt is paid off I'm saving for some land, maybe put 50% down if I can can save like I am knocking out the debt. LOL. 

Sounds a good plan. I have a friend who bought some land she loves to go stay there and has a little hut to sleep in. will you buy to build or to visit to relax

I'm hoping to grow vegetables on a larger scale, maybe pick your own, but veg rather than fruit.  Mad plan. 

Highlanddream

craftingmad said:

Highlanddream said:

craftingmad said:

NeverendingDMP

What good progress and how exciting to be able to hand the money over to pay off BTL one.  You will officially completely own not one but two houses !!

It certainly is something we are looking forward too  

I'm trying to work out what you are doing, you have 3 BTL's, are you aiming to pay off all three? Soon as my debt is paid off I'm saving for some land, maybe put 50% down if I can can save like I am knocking out the debt. LOL. 

That sounds like a great plan - good luck

Yes we had 4 mortgages. the one on our own house (which we have now paid off) and 3 BTL mortgages. We have enough saved to pay off BTL1 mortgage in full and the totals you are currently seeing are going towards BTL2. 

We have an investment account which is currently worth around £55K so this will be used towards BTL3 and then we will get the rest of the money for that mortgage as we have done to pay the other two off if that makes sense? 

I roughly know what I'm doing - which makes a change as usually I'm clueless 

Sounds good . I don't have a mortgage, hence trying to get rid of the short term debt, which I used instead. I think it will work out better as I should be paid off by next summer. Hard to overpay at that rate on a normal mortgage

Highlanddream

NeverendingDMP said:

I'm at 16% paid. 😀

well done . It is hard going. 

craftingmad

Morning all,

Quick check in from me as should have left for work by now

I have added the following into the OP account today:-

£ 500.00 OP payment (cannot actually pay it off the mortgage as reached allowance for this year)
£   52.73 Etsy earnings
£ 608.00 monthly savings from subscriptions, our mortgage etc
£ 224.82 wages from cafe
£     7.58 website order
£   44.60 interest from one savings account

My total now currently stands at £64793.88/£81700 = 79.30% 

Next stop is 80%