At a crossroads

Philliggi

Thanks for that. Ill take a look. These challenges definitely focus and drive me on.

So monthly check in, massively overspent this month. 

Mot, house insurance, football season ticket, 2 birthdays, and a couple of other bits- some of which i forgot about left me going into pay day over drawn. Lesson learnt. Gunna stick to the +300 overpayment for the next couple of months to get back on track. Need to learn not to get excited on pay day. 

So i finished last month with a huge overpayment of £1060.83. This resulted in a letter off the bank saying they are reducing my payment by £11 to £472. I havent altered this yet but i will. For now ive just paid the £11 difference in an overpayment. 

The mortgage tracker app im using tells me ive so far knocked 10 months off the mortgage. Go me. 

BeardyHighlander

Philliggi said:

Ive found this amazing mortgage tracker that keeps track of overpayments and interest savings as well as expected completion dates and i think that will be a great motivation tool to keep me going. Its amazed me how a £1000 overpayment is enough to knock circa 7 months off the mortgage at this stage. 

Care to share what mortgage tracker you are using? I have been looking for something similar

Philliggi

BeardyHighlander said:

Philliggi said:

Ive found this amazing mortgage tracker that keeps track of overpayments and interest savings as well as expected completion dates and i think that will be a great motivation tool to keep me going. Its amazed me how a £1000 overpayment is enough to knock circa 7 months off the mortgage at this stage. 

Care to share what mortgage tracker you are using? I have been looking for something similar

Hi, its called 'mortgage payment track' downloadable from playstore.

https://play.google.com/store/apps/details?id=onizuka.yutaka.amortizeit