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The Edcawber Principle

edited 30 November -1 at 12:00AM in Mortgage-Free Wannabe
2K replies 224K views
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  • Watty1Watty1 Forumite
    3.3K posts
    Part of the Furniture
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    Good to catch up on here with folk who were a big part of my journey not that long ago.
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaid next mortgage. £79,491 down to £27152
    Changing focus for now
  • ajmoneyajmoney Forumite
    5.7K posts
    Part of the Furniture 1,000 Posts Name Dropper
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    Watty1 wrote: »
    Good to catch up on here with folk who were a big part of my journey not that long ago.
    We still are, you can't get rid of us that easily :rotfl::rotfl::rotfl:
    2020 MFW No. 70 £9217.62/£10000
    MFiT-T5 No. 70 £17061.11/£27506.08
  • shangaijimmyshangaijimmy Forumite
    3.5K posts
    Part of the Furniture 1,000 Posts
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    Being paid 4 weekly is a royal pain in the posterior and I got to "spend" none of my "13th wage" (largely because I'd already !!!!ed the money away elsewhere.

    Mrs SJ is a fellow 4 weekly wages person, and I concur that its a pain for budgeting. The 13th wage that i always hope will be a nice bonus to our accounts also seems to vanish into the ether, never to be enjoyed!
    MFW: Was: £136,000.......Now: £73,243.27......Reduction: £62,757.93... in 5yrs 6mths!
    Mortgage Neutral Target - Feb 2025...£65,665.23 remaining
    MFiT-T5 #8 - £10,313 of £23,100 (44.65%)
  • edinburgheredinburgher Forumite
    11.9K posts
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    Mrs SJ is a fellow 4 weekly wages person, and I concur that its a pain for budgeting. The 13th wage that i always hope will be a nice bonus to our accounts also seems to vanish into the ether, never to be enjoyed!

    I hear you SJ!

    I have been tinkering - saved £50-100 off car insurance renewal, £265 off next year's V1rgin contract and a quick review of mobile phones suggests that £200 saving should be doable for the next year.

    Feels a bit like pennies from under a steamroller.... :o
  • beanieloubeanielou Forumite
    73.2K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    No, it's not :naughty:
    That's great :)
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 2 lbs **
    MFW. 9 months to go. B)
    "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*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • savingholmessavingholmes Forumite
    12.9K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Feels a bit like pennies from under a steamroller.... :o

    All the little bits add up - but love the phrase! :rotfl:
    During 2020: Target 1) Reduce debt from £25.1K @ 0% Now down to £18.392 Target 2) Overpay mortgage - now @ £780 OP Target 3) Improve pensions Target 4) Declutter 52 bags - Done with help of skip & other regular charity collections. 5) Build/maintain EF/Savings pots at £1K or more by 31/12/20
  • edinburgheredinburgher Forumite
    11.9K posts
    Part of the Furniture 10,000 Posts Name Dropper
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    Woohoo! Gas & electricity provider are knocking £49/month off our DD and are refunding £180 :money:
  • beanieloubeanielou Forumite
    73.2K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Good result ��
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 2 lbs **
    MFW. 9 months to go. B)
    "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*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • edinburgheredinburgher Forumite
    11.9K posts
    Part of the Furniture 10,000 Posts Name Dropper
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    £76.39 paid off CC, one week 'til payday!
  • edinburgheredinburgher Forumite
    11.9K posts
    Part of the Furniture 10,000 Posts Name Dropper
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    Am giving YNAB a try from the 1st of August - does anybody have any words of wisdom? :think:
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