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  • FIRST POST
    • Tahlullah
    • By Tahlullah 19th Aug 13, 9:39 PM
    • 968Posts
    • 5,112Thanks
    Tahlullah
    The impossible dream
    • #1
    • 19th Aug 13, 9:39 PM
    The impossible dream 19th Aug 13 at 9:39 PM
    Hello everyone. I am new to the forum, but have been reading for several years. It has been a help and inspiration, but I have never felt the need to get involved until today.


    I have been financially aware for many years and now have set a goal which I know I cannot achieve. My aim is to be mortgage free within 2 years. It is impossible to do, I have read everything, looked at spread sheets, calculated within an inch of my sanity, but I cannot do this without becoming a hermit and stopping Ďlivingí. The one thing the diaries have taught me is that people have great intentions, but after a while, the frugality can become grating and somewhat depressing and so the aim becomes a chore.


    As I still want to live my life to the full, I am not prepared to give up all luxuries; I do not have any debt and I do not overspend. I regularly have no spend days, sometimes going a whole week without letting the moths out of my purse for air! I donít smoke, drink in excess, have a gym membership, shop frivolously for food; Iím not into handbags, makeup, shoes or clothes. In fact, I am the most boring person I know. But I do like holidays!


    I bank with F.Direct, in my opinion a great bank. The mortgage is an offset. I already overpay, but I cannot seem to find any other substantial spare cash to over overpay with.


    I already save bits of change, xbay, Tilly Tidy, use the sweep function to put extra bits into the mortgage, whilst maintaining a small amount of savings. I decided I preferred to pay off the mortgage than save as I feel better about watching the capital reduce.


    I made my decision to do the impossible and this weekend, conjured £200 out of nowhere to overpay on top of what I normally pay - cashed in my £2 coins. Now, I have come to a dead stop and hit a brick wall. No more conjuring until payday!
    So, I am going to keep this diary to help me to focus, and see what progress I can make out of nothing at all. I am going to aim at reducing my capital by £500 by the end of the financial year, in addition to my normal mortgage payments, without having a substantial negative effect on my way of life.


    I am going to take small steps. I shall begin by trying to xbay or Gumtree anything that is not tied down, including the cat if anyone will pay me for him. I will continue with my sweep every month. I will continue with my no spend days. I will continue to collect change in the hope of knocking small amounts of the amount owed, so I can see a difference being made.


    The spread sheets say I could be mortgage free in 4.5 years. I would like to be free in 2, by my 50th birthday. I could stretch it to 3 years as I am still technically 50 until I am 51! I am committing to posting once a week, even if to say, I have made no progress. Hopefully, someone will be able to inspire me to great heights.


    Thank you for your help so far. Let the games begin.
Page 16
    • Tahlullah
    • By Tahlullah 22nd Apr 19, 10:54 PM
    • 968 Posts
    • 5,112 Thanks
    Tahlullah
    OK, so anyone who has red my diary fully, will know that when I make a decision about big expenses, I usually follow through quite quickly afterwards. So, in true Tahlullah style, I have gone out and bought the camper van!

    It is new to me and very old! But, it is well proportioned and functional and will do what I want, which is to take me on some holidays around the country, but mainly to help me fulfil my dream of snowboarding when I want to where I want to. The added bonus is it will allow me too paddle board in different parts of the country in good summer weather. Win win as far as I can see.

    So, my latest plan is now over before it started. Now, I have 85 payments to make to pay off the mortgage before retirement.

    May 2019 is 1 of 85. Countdown begins now!
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    15 February 2019 - Mortgage debt - £78,400
    23 April 2019 - Mortgage debt - £85,000
    28 May 2019 - Mortgage debt - £83,300
    • TallGirl
    • By TallGirl 23rd Apr 19, 8:01 AM
    • 4,407 Posts
    • 9,095 Thanks
    TallGirl
    Congrats on the campervan has it got a name yet? I’m glad you took the plunge life is for living what else have we got. I’m sure it will pay for itself in saved hotel bills �� and gets lots of use.
    • jodles16
    • By jodles16 23rd Apr 19, 5:10 PM
    • 1,442 Posts
    • 4,367 Thanks
    jodles16
    Hi there Tallulah!


    I have read your diary, and want you to know that you are not failing in anyway shape or form! I look at this as a journey, it twists and turns, and we change priorities, life throws us curveballs and we adapt!


    This is a diary of adaptation, you are doing a wonderful job and have made sure you are getting the good stuff from life, paying off the mortgage is important, but so is holidaying, adventuring, riding your motorbike and living for the now too!


    I hope you can catch a break, things have been really tough for you during this diary and you deserve a chance to enjoy yourself!


    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • Moneyfordreams
    • By Moneyfordreams 23rd Apr 19, 5:57 PM
    • 1,305 Posts
    • 6,347 Thanks
    Moneyfordreams
    I love the idea of a camper van , however being in a confined space with my husband for long periods time would be the best plan
    Mortgage restart June 2018 £119950
    May 19 mortgage £111600, £4700cc, £6000, £1400, car £6550.
    • Tahlullah
    • By Tahlullah 23rd Apr 19, 10:01 PM
    • 968 Posts
    • 5,112 Thanks
    Tahlullah
    Hello TG, Jodles16 and Moneyfordreams. Thank you all so much for the kind words and support. It really is appreciated. Sometimes, we can believe that nothing we do is right, that we make a mess of the simplest things. To have wonderful people like you stand back and be objective and give your opinion that all is not lost, is so full of kindness. It allows me to persevere. Thank you all again.

    TG, no, the campervan does not have a name yet. I hadn't even considered naming it. If I did, it would have to be something like 'The Campervan'. I am not very imaginative - although who names a 'piggybank' Ermintrude?

    I hope it does get a lot of use, but if not, then no-one can say I did not try. I made the effort to reach for the stars, to follow my dreams. I will always be able to say 'I did that'.

    Thank you Jodles. Just thank you.

    Money for dreams, perhaps the fun of close proximity could come from the effort of getting him to do everything whilst you rest and take in the scenery. He could be tasked with emptying the toilet and filling the water carrier etc. Always useful to have round. The close proximity may be a reasonable trade-off.

    Time to update my details. So depressing when you see it written down. More depressing when you translate the number of payments into the number of years still to work. But, should still finish paying it off before my 60th.

    All positive!
    Last edited by Tahlullah; 25-04-2019 at 8:14 PM.
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    15 February 2019 - Mortgage debt - £78,400
    23 April 2019 - Mortgage debt - £85,000
    28 May 2019 - Mortgage debt - £83,300
    • glass_half_full
    • By glass_half_full 25th Apr 19, 3:50 PM
    • 356 Posts
    • 835 Thanks
    glass_half_full
    Looking forward to hearing about your adventures in the camper van!
    Mortgage June 2018 £79,600 I Mortgage now - £71,438 I MFW Target August 2022 I Emergency fund £2000 I Car loan November 2018 £17,600 I Car loan now - £16,131 I
    • Moneyfordreams
    • By Moneyfordreams 28th Apr 19, 5:51 PM
    • 1,305 Posts
    • 6,347 Thanks
    Moneyfordreams
    Think that's a typo... I wouldn't want to be in a confined space with my OH... not for long anyway
    Mortgage restart June 2018 £119950
    May 19 mortgage £111600, £4700cc, £6000, £1400, car £6550.
    • Tahlullah
    • By Tahlullah 18th May 19, 8:08 AM
    • 968 Posts
    • 5,112 Thanks
    Tahlullah
    So, the camper van, which was well proportioned is costing a lot of money. No heater, so had to buy one of those! The lights were the type that would drain the battery in minutes so had to replace those. No bathroom basin, so had to buy one of those. The toilet didn't work so having to get that fixed. Then you add the little things to make life comfortable like a low powered microwave, a clock, a small drainer for washing up... the list is endless. But luckily, I am the ebay queen, so most everything bought extremely cheaply or second hand.

    On top of that, my car is due a service. Rang a dealer to get a price and nearly fell of my chair. I am not paying that price so will have to find a local garage that specialised in LR's. What a rip off! Oh well, can't be helped. I was reading another thread on this site about a week ago where other posters were being horrible to someone about their choice of car. Well, I have the same car and decided not to post because I couldn't be bothered to receive the barrage of abuse due to others judgementalism. However, the car is great, even if I can't afford to get it serviced at the dealers.

    Other expenses include the fishes. Rufus is thriving down here, but my goldfish are not. Since I had the water softener fitted, the fish are having a really bad time. One of them (odd that!) is going black. I have tried treating the water he is in to help him recover, but it's taking time. It would appear that softened water isn't good for them, so now I have to get in the plumber to ensure that I have one tap that gives unsoftened water so I can change the goldfish!

    One day, my life will be calm and settle down. I will be stress free. I will have a job I enjoy that doesn't make me sad. I will have family who I can visit on a regular basis and I will get to see friends who care. One day.
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    15 February 2019 - Mortgage debt - £78,400
    23 April 2019 - Mortgage debt - £85,000
    28 May 2019 - Mortgage debt - £83,300
    • TallGirl
    • By TallGirl 18th May 19, 11:06 AM
    • 4,407 Posts
    • 9,095 Thanks
    TallGirl
    That annoying about the Camper but you've got it cheap on EBay and it will make it so much more enjoyable to use so I thinks it's essential expenditure. Glad Rufus is ok but shame about the fish makes sense if you have one non filtered tap or would the outdoor tap be filtered?

    Not good you don't enjoy your job it makes you stressed and sad. Do you have colleagues you have talk about the work they might feel the same which makes it slightly better if o can support each other. I really value my team and I learn so much from them. They actually continue to impress me the way they deal with all the sad work. Anyway I'm sure you'll find a way.

    Now get out there and enjoy the weekend.
    • Moneyfordreams
    • By Moneyfordreams 19th May 19, 10:02 AM
    • 1,305 Posts
    • 6,347 Thanks
    Moneyfordreams
    Thanks heavens for ebay
    Mortgage restart June 2018 £119950
    May 19 mortgage £111600, £4700cc, £6000, £1400, car £6550.
    • Tahlullah
    • By Tahlullah 28th May 19, 7:33 PM
    • 968 Posts
    • 5,112 Thanks
    Tahlullah
    It's the end of the month and my MSE ways have gone straight out of the window. Everything is costing a lot of money and it is all my responsibility. I am spending on things that I don't need but want. However, it is all within budget. If I was concentrating on becoming mortgage free, I could make a serious dent in the monies owed. Instead, I seem to be in the 'make hay whilst the sun shines' mentality and just enjoying life whilst I can for a short period.

    I have managed to make a small dent in the overall mortgage and so will hopefully still be on track to pay everything off within 85 payments, or 7 years. I will be starting June 2019 owing £83,300 so I am clearly paying a bit more than anticipated. I should be starting January 2010 owing £77,000. Anything less than that is an added Brucie Bonus, which brings my mortgage free date closer than the predicted 7 years.

    I am still doing my bit to save money, although not as diligently as I should be. So, I have decided that June is to be the month where I spend as little as possible. I intend to not spend any money that is not budgeted to pay for something specific, such as bills or fuel costs etc.

    I have a birthday coming up but I have some Argos vouchers that will cover it. I have already done the monthly shop for June and so will only need to do small top-ups when necessary.

    So, my aim is to begin July 2019 owing £82,000 or less. Hopefully the small steps will help me get my mojo back.
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    15 February 2019 - Mortgage debt - £78,400
    23 April 2019 - Mortgage debt - £85,000
    28 May 2019 - Mortgage debt - £83,300
    • Tahlullah
    • By Tahlullah 17th Jun 19, 6:27 PM
    • 968 Posts
    • 5,112 Thanks
    Tahlullah
    Mid month catch up. Hope everyone is well and happy and that things are going the way you wish.

    Can't say the same for me. Everything seems to be going pear shaped. Even the weather! Bought a motorbike to make the commute to work cheaper, but have not been able to use it yet as the weather has not been consistent since it was registered back on the road.

    A litany of issues to pay for and to fix, which is happening, but my plan of a spend free June is a mere pipe dream. Nothing but nothing is going my way. Even ebay is not going well. Non-paying bidder, so I started a non paying bidder claim. He then paid for the item which was cash on collection, but is now refusing to arrange collection. So, at some point I will have to refund his money. Why he didn't just ask to cancel the sale I have no idea, but I am now embroiled in this waste of time and energy.

    The fish are still green.

    The camper still requires money spending on it, but it will be great once it is completed. SLOW though!

    The good news is that the Pension provider wrote this weekend and confirmed to me that I am going to take my pension 5 years early - next year. The pension is so small, I may as well get the lump sum out and use it wisely and then use the very small pension to help pay the mortgage down until I retire at a later date.

    Current amount owed on the mortgage is £81,900, so I have managed to make a bit of an impact this month. The month is not over yet so will see where I am on the 30th and take stock of what is owed at the beginning of July.

    Still searching for my mojo!
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    15 February 2019 - Mortgage debt - £78,400
    23 April 2019 - Mortgage debt - £85,000
    28 May 2019 - Mortgage debt - £83,300
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