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  • FIRST POST
    • chumpy45
    • By chumpy45 25th Sep 15, 3:02 PM
    • 451Posts
    • 1,977Thanks
    chumpy45
    Excited to try and be mortgage free
    • #1
    • 25th Sep 15, 3:02 PM
    Excited to try and be mortgage free 25th Sep 15 at 3:02 PM
    Hi all, have been really inspired reading all the posts on this mortgage free forum. Have got DH on board and we really want to try and clear the mortgage in two years. We currently have a property worth abouth £325,000 and an outstanding mortgage balance of £54,780.04 with 7yrs & 6 months left to go. Things are complicated at the moment as DH has been self-employed for the last 6 months which means we are struggling to remortgage. It seems we may have to wait another 6 months before we can reduce our current rate of 2.5% which is a shame and will impact on the overpayments. However, we are busily taking on board advice gained from many of the threads/posts on this forum. Really looking forward to getting stuck into money saving and overpaying and sharing our journey with all you inspirational people.
Page 19
    • chumpy45
    • By chumpy45 1st May 19, 9:25 AM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    Mortgage payment went out today showing an outstanding balance of £18,474.65 My mini target is to reach the £17s by the end of the month if at all possible. The interest paid is not showing yet so will update when the figure is available. I have some money saved up which I have accrued whilst prevaricating about opening a Vanguard account. I keep wavering between opening the Vanguard or increasing AVCs as I would benefit from the tax relief. Any sage advice anyone? Lots of paying out this week for DS4 who has had a successful audition for a show in the summer (£125) plus his dance lessons for this term (£85) theatre choir fees for this term (£60) a leavers sweatshirt (£22), prom ticket (£25) Hopefully that little run of expenses has come to a halt but can't be absolutely certain I have been reading today that the best day to buy premium bonds is the last day of the month so there is maximum investing benefit. I need to check and potentially change my DD as I have a feeling it comes out on the first of the month. Every little helps lol. This is my "day off" until I start teaching at 4.00 until 9.00 p.m. tonight. However, I have too much marking and preparation so am already at the laptop (just having a little break reading diaries). Never mind, it will soon be the summer hols and we have a lovely long weekend to look forward to. Happy hump day everyone.
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • chumpy45
    • By chumpy45 15th May 19, 9:24 AM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    Quick update as have been MIA. Mortgage with interest added is
    £18, 509.63. Interest paid was £34.98 giving daily interest of £1.12. My Santander reg saver matures this month so currently researching where best to invest that sum (AVC or Vanguard - currently thinking add to Vanguard pot as have been reading some negative reviews of th eTeachers Prudential AVC). Am currently investigating going full time in September. I don't really want to but some ongoing relationship issues are worrying me and mean I am trying to plan ahead to look out for myself. Not sure where this will go really. On a brighter note, I won £10 on the postcode lottery - just needed a few more zeros on that one. The sun is shining and I don't go to work until 4 p.m. so am off to the local market to buy some plants for the hanging baskets (budgeted for of course !). Have a good day everyone.
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • chumpy45
    • By chumpy45 19th May 19, 5:22 PM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    Well plants are looking good in their baskets, although they were nearly washed away in the torrential downpour we had last night ! The dog helped (?) with the gardening. He had a lovely time shredding plastic plant plots as I planted each new plant and scattering it around the garden lol. Went out for a family meal last night as DS2 is about to travel to far away lands for a year. It will be so hard to say goodbye tomorrow, knowing I potentially may not see him again until May 2020. I know he will have an absolutely fantastic experience, but it's so hard to say goodbye. Thank heavens for Skype ! Need to reconcile the account tomorrow and see where we are. Hoping I can make another OP to get closer to the 17s but things are a little tight atm. If not this month, we will definitely hit them next month. TBH I am probably more tempted to add to the Vanguard than OP atm. Never thought I would say that but The Escape Artist and many other diaries on here have converted me. Sunday evening again already, where did that weekend go? Hope you've all had a good one. I will be probably be a crying, snivelling wreck next time I check in after waving off DS2 !
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • LeighofMar
    • By LeighofMar 19th May 19, 11:48 PM
    • 161 Posts
    • 392 Thanks
    LeighofMar
    Congrats on being in the 18ks. I don't think I'll be able to sleep once we get below 20k. Well done.
    • PurpleFairy26
    • By PurpleFairy26 21st May 19, 5:39 AM
    • 2,929 Posts
    • 20,025 Thanks
    PurpleFairy26
    Wow, number looking fab. Just looked up escape artist and bookmarked. Looks like a good read.
    • chumpy45
    • By chumpy45 22nd May 19, 9:01 AM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    Thanks LeighofMar and Purple Fairy for your lovely comments. It does feel in touching distance now Well as predicted, I am a snivelling wreck. As much as I know DS2 will have a fabulous adventure, it is sooooo painful when they leave. After a mammoth 14 hour flight he arrived safely and I am now counting down the days until he returns. Only 364 to go I received an interim letter re. my potential pension transfer, just to say they had received the request and were looking into it. Wow they take their time. The Santander reg saver will roll straight over and start again. Am pondering whether to start again or just put the equivalent straight into the Vanguard each month. I'm such an agoniser and very risk averse. Will mull this over for a couple more days as I still have time to make a decision. My boss is off sick atm so haven't been able to explore options re working full time. Hopefully that can be sorted next week. Teaching is almost finished now, just exams and more exams and dissertations to mark. However, as we approach the May half-term I can almost sense the summer holiday approaching. Wishing my life away, moi? Actually sunny as I type this, so have a good day everyone.
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • greent
    • By greent 24th May 19, 8:55 PM
    • 8,190 Posts
    • 83,205 Thanks
    greent
    Wow - am sure DS2 will have an amazing time - and can only guess how hard it must be for you.. as you say - thank heavens for Skype! x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786 12/18 £54829 2019 OPs (#18) £3757/£5K
    Net sales 2019 £518.64/£500
    • chumpy45
    • By chumpy45 8th Jun 19, 3:24 PM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    Thanks GreenT, he is settling in nicely and seems to be enjoying life with a lovely crowd of people, which is making me feel a lot better. Skype and Whatsapp has been invaluable. Well with our last monthly payment we have hit the £17s getting ever closer. To help boost my retirement fund, I transferred my Santander reg saver to Vanguard. I have to admit to being a little obsessed with Vanguard. Their website is so easy to follow and I like checking in each morning to see if the balance has gone up or down. I know, I need to get out more I have rolled over the reg saver but split the £200/month into £100 - reg saver and £100 Vanguard. With my AVC in addition, I feel a little more confident that I am boosting things a little for my retirement. Probably about another 10 yrs to go if I work until full retirement age () so hopefully there will something extra in the pot in addition to state pension. I have spoken to my boss about increasing my hours to full time but am still awaiting a decision. A bit crazy really, most people my age are reducing their hours (DH included) but I am increasing! Will see what the final decision is. Just waiting for it to stop raining and then I am off around the park with the pooch. Then back for another stack of marking. I know how to rock a Saturday. Have a good weekend everyone.
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • chumpy45
    • By chumpy45 18th Jun 19, 8:36 PM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    Scary couple of days as I transferred some money to Vanguard and it disappeared! My bank had authorised it and sent it but for some reason Vanguard thought it had been declined. After some time in a black hole it has now reappeared and invested as per instructed- phew. It takes long enough to earn the money, I can't have it disappearing on me. Marking is almost complete, just a few stray students to drag kicking and screaming through overdue assessments (and I teach adults lol). Bank account looking very unhealthy atm. It needs to be paid back from various virtual savings pots in another account, but I haven't had time to do it yet ! GCSEs were finally finished for DS4 on Friday. What a relief for him (and me) lol. At times, I am not sure who was more stressed. He now has a Grade 7 MT exam to prep for. There's no rest for the wicked. 3 more weeks at work then a weekend at CentreParcs to enjoy with the family. I can't wait.
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • Makethedayscount
    • By Makethedayscount 19th Jun 19, 3:10 PM
    • 134 Posts
    • 508 Thanks
    Makethedayscount
    It's so inspiring to see how close you are to being MFW and how well you have done. I've a long way to go on my journey but it's the thought of being in your position that is keeping me going.

    • chumpy45
    • By chumpy45 23rd Jun 19, 1:28 PM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    Thank you for your kind words Makethedayscount. Lovely to see you reading along. This is definitely a marathon and not a sprint, but we are beginning to see the light at the end of the tunnel. Everyone on MFW is so supportive and that's what helps to keep us all going.

    Inspired by other diaries I have signed up and been accepted for ShopandScan in the hope of building a pot of Amazon vouchers. I'm not sure how quickly they mount up, but anything saved from the Christmas savings (I know, I'm sorry to mention the "C**mas" word this early in the year) can be OPd It was very exciting checking it all out this morning although I had a hitch uploading the till receipt as it didn't recognise my login. Hopefully a message to the help desk will sort it out.

    Seem to have had lots of spends this month. Definitely more month than money! Have had to help DS3 out who had to pay the last month's rent on his current uni premises, and the deposit and first month's rent on the new uni house for next academic year. Although he is working during his summer break, there was a bit of a cash flow issue which the bank of mum and dad had to temporarily sort out. Still that money will be returned in due course.

    Had a lovely time in the sunshine yesterday. Finally, a lovely sunny day in the garden. Lots of weeding, snipping and digging accomplished aided by my little furry pooch. Although I use the word "aided" loosely He likes to steal the weeds from the basket and strew them around the garden. As fast as I filled the basket he emptied it.

    Still no work from manager about full time hours. It's not looking good. Vanguard (touch wood) continues to progress well (I'm only a little bit obsessed about checking the balance ). AVC and premium bonds growing nicely. Still beating myself up about the wasted years before MFW, but I guess better (very) late than never. Have a good week everyone.
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • chumpy45
    • By chumpy45 26th Jun 19, 3:41 PM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    Grrrrr this month is being sooooo long. I am going to have to do another revision of the budget I think and try very hard to get OH on board. It is so frustrating when monies are being spent all over the place. Not much point me using a 50p off coupon when a "whole weekend away with his cycling mate" has been booked and not accounted for in any budget
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • Makethedayscount
    • By Makethedayscount 27th Jun 19, 6:09 AM
    • 134 Posts
    • 508 Thanks
    Makethedayscount
    It's so frustrating when your OH doesn't have the same focus on being MF as you do. It's only recently that my OH has been a MFW before that he would waste money all the time. Keep going and try to keep reminding your OH about the bigger picture. The interest savings and what you'll be able to do when you are MF can be a real incentive. Good luck!

    • chumpy45
    • By chumpy45 30th Jun 19, 5:39 PM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    Thanks for your support Makethedayscount. OH always says all the right things but doesn't always follow through and do them !!!

    A low spend weekend which is always good (although NSD would be even better). Food bill at Aldi was just over £60 which included some wine and flowers as gifts for a friend. I meal planned properly (a la Tilly) and really noticed the difference. Must try and plan a few weeks in advance over the summer break to be even more organised, especially if I do end up with a full time contract. I plan to do some batch cooking and fill up the garage freezer to make life easier in September.

    Buildings & contents insurance renewal coming up so will be doing some price comparisons via TCB to try and get the best price. Every little helps. Last week of term for me coming up. I cannot wait
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • shangaijimmy
    • By shangaijimmy 30th Jun 19, 7:46 PM
    • 3,151 Posts
    • 16,124 Thanks
    shangaijimmy
    I have a challenging Mrs SJ at times. Well I say Mrs SJ... she doesn't work on a Friday and generally spends the day with her mum, which means visiting all the retail parks and spending money on Home Bargains on carp that we don't actually need!! I actually have to budget for this, but I'm not brave enough to approach it! In the main she is engaged it MFW but i curse Home Bargains and then they build a new bigger one...grrr!
    MFW: Turning June 2036 into something less...
    54 months - Total Reduction: £57,426.72
    Was: £136,000..........Now: £78,573.28
    MFiT-T5 #8 - 28.06% of £23,000
    • shangaijimmy
    • By shangaijimmy 30th Jun 19, 7:59 PM
    • 3,151 Posts
    • 16,124 Thanks
    shangaijimmy
    Vanguard (touch wood) continues to progress well (I'm only a little bit obsessed about checking the balance ).
    Originally posted by chumpy45
    Oh and I'm totally with you on this one! I keep thinking/hoping it'll wear off, but it hasn't yet!
    MFW: Turning June 2036 into something less...
    54 months - Total Reduction: £57,426.72
    Was: £136,000..........Now: £78,573.28
    MFiT-T5 #8 - 28.06% of £23,000
    • chumpy45
    • By chumpy45 4th Jul 19, 7:36 PM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    Hi SJ good to see you. Love the fact that you actually budget for Mrs SJ's overspending - great idea. There's no hope for me with Vanguard, I have a twice a day habit !!

    So confession time, I purchased two dresses for an Awards night I was attending. One from Next and one from Debenhams - tried them on and loved them both. Should I keep them both I wondered ? - but no, my MSE head just couldn't justify it so I returned them both and wore the dress I wore last year. No-one seemed to notice and I even got a compliment from my manager (what is the world coming to?). How things change, before MSE I probably would have kept them both and never worn them at al.

    My last day tomorrow and then away at Centreparcs this weekend and have bought bargainous food today to keep the costs down, including pizzas, BBQ bits, alcohol, treats and nibbles. I am so looking forward to some R&R and hope the weather stays fine. Washing dried on the line today and even the dog's bed has been washed as he is staying with my friend whilst we are away.

    Mortgage currently stands at £17,508.34 with interest last month of £32.63. Just over £1/day. Into the £16s next month, so exciting.

    In a couple of months we will also have paid ourselves back some money we loaned ourselves to buy a car, and then can ramp the OPs up a little more. Can't wait for that
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • PurpleFairy26
    • By PurpleFairy26 5th Jul 19, 6:03 AM
    • 2,929 Posts
    • 20,025 Thanks
    PurpleFairy26
    Have a great weekend away. Love CP.
    • Makethedayscount
    • By Makethedayscount 5th Jul 19, 7:47 AM
    • 134 Posts
    • 508 Thanks
    Makethedayscount
    Enjoy your weekend and well done on not buying the dresses. Impressed at your MSEing. Well done!

    • chumpy45
    • By chumpy45 15th Jul 19, 9:24 AM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    Thank you PurpleFairy and Makethedayscount, we had a great time at CP. Weather was mostly fine and we made the most of activities. Lovely family time although missing DS2 who is in faraway lands. Also enjoyed a couple of days in London and saw a show which was absolutely wonderful. Very humid in London and we dressed for the rain which was forecast but never arrived lol. So a tad hot whilst battling the tube and walking around. Just had DS3's birthday and an end of year concert for DS4's choir. Lots of lovely memories made (and lots of money spent). Since becoming MSE I even begrudge spending budgeted money Have had a lazy start to the day and now contemplating the many jobs that I promised myself I would do in the holidays (seemed like a good idea at the time, somehow now I have the time I don't have the motivation !). I think I will have a nice catch up of diaries and finish my coffee and then write a list (and maybe then tackle something on the list).

    On money news, the outstanding mortgage today is £17,508.34 with daily interest at £1.08. We have 37 months left on the current mortgage term but really hoping to reduce this. Next month will take us into the £16s but need to step up the OPs. Have been really lax lately. OH came up with the inspirational comment the other day of "why don't we just really blast the mortgage". Um, well yes, that's what we have been trying to do over the past x amount of months" Unfortunately, it doesn't work if you also keep blasting money at other things Never mind, hopefully I will keep plugging away and he will one day have his LBM.

    Off to see what everyone else has been up to. Have a good day everyone.
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
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