Mortgage free mayhem

selloptape

Well done, you're smashing those goals!

savingholmes

Congratulations. You are doing so well.

mathilde

Thank you! Really nice to have this forum for inspiration. 

savingholmes

Stick with it over the long term and you will see the difference.

mathilde

Good morning everyone, really happy to say the mortgage is down to £79,720.

The Pilates instructor course is finished and all the assessments passed, just one piece of coursework left that I'll finish this weekend.

This month I won't be able to overpay the mortgage by much because some car repairs have wiped out my emergency fund completely.  Yikes.

I also upped my pension contribution at work by adding salary sacrifice, so I've got less take-home pay to play with.

But still trying to keep the mortgage a priority.  So, for October:

1. Finish Pilates coursework and get that qualification. 
2. See if I have some stuff I could sell on ebay (not sure).
2. Add £300 to emergency fund.
3. Put at least £100 extra into that mortgage!

beanielou

Vinted are also good for selling. 

I do chair pilates! 

mathilde

Oh cool, thanks for the tip on vinted. I did a big clear out this summer so I really don't know if I've got anything left at all! But I'll have a scour.

mathilde

A bit gutted at the stupid car repair, really set me back, but trying to console myself that at least I could cover it.

savingholmes

mathilde said:

A bit gutted at the stupid car repair, really set me back, but trying to console myself that at least I could cover it.

It's natural to be upset when your savings got wiped out - but at least it wasn't extra debt. You are ahead of most people.

mathilde

Hi everyone, it's been quite a month. 

Mortgage now at 78585. That's nearly 6k off since July.

In addition to the car repair from last month, I had my MOT and service which was another £300. Yikes.

But I sold an old laptop and a some old clothes plus did some contract work.  So it's all paid plus I managed to put an extra £110 as a mortgage overpayment. 

But then yesterday I put £275 on my credit card to pay for trip to see family. My dad is unwell.

Also finished the Pilates qualification. 

I had to have a serious talk with myself. I've put so much into the mortgage but the fact is that I don't have enough in my emergency savings. 

Goals for this month:

1. Pay off credit card!
2. Skip the mortgage overpayment so that I can put at least £300 into the emergency fund.