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Mortgage free in 4 years
Comments
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Holiday was great and it was nice seeing my mum again. Still struggling to get back to my routine. I am off today so just getting ready to go to the gym. Got paid from one of my jobs so did my budget and £585 OP to the mortgage, might send some more later in the month, but don't want to elave myself short.
Original mortgage 2016 -£310,500 Current balance Oct 26 -£154,410
Total OP 2026 £9461/10000
"Do the best you can until you know better. Then when you know better, do better"-Maya Angelou1 -
End of the month, just sat down to update ynab, I overspent on clothes (£250), but it will be covered from next month pay. I had to kill 3 hs in central london to wait for a friend as it was her birthday and she booked a restaurant in the evening, so I ended up doing some clothes shopping to kill time. I rarely ever go shopping, so I don't feel bad and it was things I needed.
Total OP for the month was £668.87, managed to find some more spare from other areas,also cleaned missed a week so I OP the money instead.
I have employed my son through my company as I'm struggling to keep on top of my admin, he is very excited and I will be giving him his first payslip next week ;) Let's see how that goes
Original mortgage 2016 -£310,500 Current balance Oct 26 -£154,410
Total OP 2026 £9461/10000
"Do the best you can until you know better. Then when you know better, do better"-Maya Angelou2 -
Beginning of the month and money shuffle done. This is a good month for savings, investing and OPs :). Total OP done so far £1397.29. £2.5k into SIIP, £1450 S&S ISA an £1k cash ISA :) I have been working some extra days but I am off today so will enjoy the day and go to the gym.
We have now paid 50% of the mortgage. Original balance was -£310,500 and current balance is -£154,410. It has taken 8years and 3 months to pay half. I am only 5k away from being mortgage neutral :), I am hoping to be mortgage neutral by the end of the year.
Original mortgage 2016 -£310,500 Current balance Oct 26 -£154,410
Total OP 2026 £9461/10000
"Do the best you can until you know better. Then when you know better, do better"-Maya Angelou2 -
Cracking progress 😀😀😀
Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!1 -
Well done!
Debt Busting Again in 2026
Starting Debt 03.05.26 £5345. Total 01.10.26 £2994
Challenge 1 - Clear M&S Card: Starting Balance 03.05.26 £600, cleared 05.07.26
Challenge 2 - Clear V12 Finance: Starting Balance 05.07.26 £600, cleared 12.08.26
Challenge 3 - Clear Barclaycard: Starting Balance 12.08.26 £940, current total 01.10.26 £344
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Well done!
I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan.[/b] [11 months left.[/b]0
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