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  • FIRST POST
    • Tahlullah
    • By Tahlullah 19th Aug 13, 9:39 PM
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    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 2
    • TallGirl
    • By TallGirl 15th Sep 13, 6:09 AM
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    TallGirl
    Hi Tallulah thought I would pop in as you did on my diary seems we hav few things in common incl being cat slaves. One of mine is currently sprawled out on the bed lazy as anything.

    Good luck with the MF journey your doing great and don't get upset tht it sometimes takes longer it all worth it in the end. I completed mine 9 years early that was three years ago definitely worth it.
    • newgirly
    • By newgirly 15th Sep 13, 6:19 AM
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    newgirly
    Hope you had a good holiday
    MFW 21

    £74,498.77left target £10k/ £6,537.10in 2019
    • Tahlullah
    • By Tahlullah 17th Sep 13, 10:40 PM
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    Tahlullah
    Hello Tallgirl and Newgirly, thank you for taking the time to read my diary. It really is appreciated. I am back from my holiday and had an extremely eventful time. Spent more than was strictly necessary, but didn't overdo it. Came back with some spending money so this can be used towards my next girly holiday in a few weeks, so excellent budgetting on my part!

    Anyway, back to chaos at work. Every time I go, I come back to problems. Certain it would be easier to not go. But this is nothing compared to the olympic sport of sulking that Rufus Iis currently engaged in. The way he is carrying on, you would think that I left him to fend for himself with strict instructions to hunt buffalow for food!

    Tallgirl, rest assured I do not know you, just that the service is pretty much the same wherever you are in the country, with the same faults and problems. And recognisable to all from within. I often refer to those who work for CitA as the Borg. You will be assimilated. Resistance is futile! :-)

    So, hopefully, I will get myself back on track to my mfw status. Payday soon, so will be able to make my monthly overpayment to the mortgage. Really liked the idea of paying it off by 15 15 ( as suggested by another mfw, thank you for sharing!) So, this fits with my big plan of before I am 51, but has a nice rounded number to the actual date, so going for this.

    Also managed to collect 2 x £2 coins, so very pleased with myself. Just 1 week to go before I can adjust my spreadsheet accordingly. Really looking forward to it.
    • TallGirl
    • By TallGirl 18th Sep 13, 6:10 AM
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    TallGirl
    Glad you had a lovely holiday shame about work and sulking cat, one of mine almost turned feral in the three weeks we were away once.

    I love your Borg analogy that is so true people do get swept up but at least I know that is life outside and won't let them suck all the life out of me.

    Good luck with your 2015 target sounds doable to me
    • getmore4less
    • By getmore4less 18th Sep 13, 7:51 AM
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    getmore4less
    get all your money in the offset then it is just about not spending.

    why an overdraft( or has that gone) use the offset for cash flow.
    • Tahlullah
    • By Tahlullah 18th Sep 13, 9:30 PM
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    • 5,280 Thanks
    Tahlullah
    Hi getmoreforless, thank you for taking the time to read and comment on my lifelong ambition. Very much appreciated.

    Pretty much all of my money is in my offset. I am cash poor, so my limited savings have very small effect on my mortgage, but every little helps. Better in my pocket than theirs.

    I still have the overdraft, but it reduces every month. It is a relatively new phenomenon, brought on by having to buy things like train tickets for work. Gets cleared, but comes back a bit smaller. Luckily there is no charge which is why I am prepared to nurse it in this manner until it is gone.

    I don't like spending out of the offset, as all I see is an increased debt rather than a decreasing one, so the offset remains in place in case I need to make big purchases, but unused otherwise.

    Getting somewhat disheartened as I cannot see much progress. It looks like I will still be paying this huge mortgage when the interest rates go back up to 15%. I just don't earn enough to make positive inroads into this debt. No matter, I could be in a much worse position. I should remind myself of how fortunate I am that I can even contemplate the concept of overpaying.

    Just saddened that all I can pay is £200 extra a month. I need to seriously get round to ebaying my worldly goods once I come back from my girly holiday. I will hopefully then own my home outright, but have no furniture.
    • Tahlullah
    • By Tahlullah 23rd Sep 13, 6:29 PM
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    Tahlullah
    Feeling a bit more upbeat today, no apparent reason beyond it's payday.

    So, made my usual roundup of spare cash left over from the end of the month, but it is seriously lacking. Half the usual amount. I am guessing this is because it was a holiday month, and as much as you try, you always overspend. So, only transferring £100 to the mortgage.

    On holiday again at the beginning of October, so expect the same issue to arise, I spend too much. I have noticed a direct correlation between my spending and my body weight. And on closer examination of where I am spending, it does seem to be food related.

    So, the mortgage isn't doing much, but I am still on track. Will revisit again at the end of next month, when holidays are over and I can concentrate on ebay to raise some spare cash.

    Life is good.
    • Tahlullah
    • By Tahlullah 23rd Sep 13, 6:57 PM
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    Tahlullah
    Just stood back and reevaluated. I am managing to save £100 a month as well as overpay £100. So what if I can't manage to repay £200 a month. The savings are being offset anyway!

    Feeling better, life is definately good.
    • Tahlullah
    • By Tahlullah 28th Sep 13, 11:45 AM
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    Tahlullah
    Hello everyone, hope you are having a nice day!

    Today, I received my 6 monthly mortgage statement , which tells me that I managed to reduce the mortgage by £4k , which equates to £8k per year. Am pleased with this, but doesn't make me MF by 1515! Must try harder.

    But, on the very positive side, received a cheque fron Simply Health towards the cost of my teeth, so that's going towards the cause.

    Still eating my pot noodles for lunch at work, occasionally interspersed with pot porridge. Every little helps.

    But, still no progress towards buying Christmas presents. Can't seem to find anything I think is suitable. Looks like everyone will be getting presents from the petrol station this year.

    Tescos had a deal on the other day; tins of sweets for £4 rather than the normal £5, which is less than the usual £10 they charge at Christmas. Of couse, in true MS style, I partook of their kind offer.

    Now have a regular supply of fresh veg from a colleagues allotment, so luckily food bill has been greatly reduced as mainly have to buy meat / fish and milk etc.

    Will reevaluate again at the beginning of next month to see where I am.

    Another holiday with my friend at the end of next week, and that will be it until Christmas, so will see how much is left over to go towards the presents.

    Be happy.
    • Tahlullah
    • By Tahlullah 18th Oct 13, 7:52 PM
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    Tahlullah
    Back from my holiday with my friend and to cut a very long story short, I have no money left. So, my big plan of using leftover from one budget to supplement the other did not work. Oh well, best laid plans...

    But, I have managed to buy a few Christmas presents for family, so not feeling desolate as I am on with the task! Used my Boots points for one present, very MSE. By my calculations, I have another 5 to go.

    Got my visa bill, not as good as I would have wished, but still under control and paid off in full monthly. Still managing to overpay £100 per month, so mortgage coming down slowly, despite spends in other areas.

    Bought myself a present! A Thinkpad. Sick of sitting on trains with work to do and not having the correct equipment, so I will sell my other laptop to go towards the price. One step forward and two back towards my goal, but hopefully, once the seasons festivities are over, I can make some serious inroads into paying down the mortgage.

    At the moment, I am just happy that I am not going into the red due to the holidays and upcoming Yuletide.
    • Tahlullah
    • By Tahlullah 20th Oct 13, 9:21 PM
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    Tahlullah
    Another non MSE day for me. Bought another 2 Christmas presents, again on the visa.

    Downside, I am spending rather than saving. Neutral, so is everyone else. Upside, I am paying the visa off in full every month and I get my Tescos clubcard points to go with it.

    I a planning a mimimum of 4 no spend days this week except if I spot more presents for those left on my list. Lunch of noodles or porridge already at work. Lots of veg provided by service users, so no need to buy food beyond milk. Bring it on!
    • Tahlullah
    • By Tahlullah 20th Oct 13, 9:33 PM
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    Tahlullah
    Just spotted the positive support! Thank you Icontinuetodream! It really is appreciated, the fact you have taken the time to read my ramblings.
    • TallGirl
    • By TallGirl 21st Oct 13, 6:48 AM
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    TallGirl
    Well done on taking lunch into work I am trying but it doesn't always work but we are getting a new fridge soon so that will help.

    I agree you should buy Christmas presents when you see them saves money and hassle later on. I bought my niece's back July.

    Congratulation on the think pad I am sure you can do some money saving on it to make up for the price a little bit.
    • Tahlullah
    • By Tahlullah 22nd Oct 13, 9:31 PM
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    Tahlullah
    Well, October pay date is here, and I have again managed to overpay by £100 and save £100, despite my extremely high spending over the last few months.

    My NSD went out the window as I had to buy milk, but on the plus side, I found £1 roadkill in the middle of Teskos. Downside, a colleague is leaving at the end of the week so contributed to the collection. Swings and roundabouts.

    Finally took some photos, so plan to list some stuff on ebat this weekend, assuming it's a free listing weekend. Otherwise, I will just list some CD's at .99p each. Hopefully, I will get something towards my very sorry looking overpayment pot.
    • greent
    • By greent 23rd Oct 13, 9:55 AM
    • 8,189 Posts
    • 83,189 Thanks
    greent
    Just read your diary - good luck, I like your positive spirit!

    gt 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 £513.64/£500
    • icontinuetodream
    • By icontinuetodream 26th Oct 13, 2:11 PM
    • 985 Posts
    • 6,606 Thanks
    icontinuetodream
    Just spotted the positive support! Thank you Icontinuetodream! It really is appreciated, the fact you have taken the time to read my ramblings.
    Originally posted by Tahlullah
    very much enjoying your ramblings!! love it when Rufus hijacks your thread and puts his thoughts in too!!!
    Mortgage 12.12.12 £55842 12.12.13 £42716 14.12.14 £28837 13.12.15 £25913
    Mortgage OP £50/£600 House Fund £420/£5000
    • Tahlullah
    • By Tahlullah 27th Oct 13, 5:06 PM
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    Tahlullah
    Thanks Greent and ICTD. Unfortunately, Rufus has not been contributing recently. I think it's because he never likes the presents I buy him. Basically, he thinks I'm a tightwad. He can tell a £1 toy from a £10 toy, and he obviously has expensive tastes. The toys are because I recently found Rufus looking claw marks in my leather sofa! Something, perhaps divine intervention prevented me from throttling him; but he remains a (live) guest, but knows he is in the dog house.

    Anyway, today, I have been pulling my coin tins together and have managed to get together another £100 to overpay on the mortgage. Will go to the bank and pay it in tomorrow. Better in the mortgage than in my tin doing nothing.

    Have also decided that from January onwards, I will change my change saving habit. From the New Year onwards, I will save £2 coins, copper shrapnel and 50p pieces. Previously, I was saving £2 coins, copper shrapnel, 20p and 5p coins. I figure that the 50p coins will bring in a bigger return, but keeping the 5p and 20p's in my purse, I will feel as if I actually have some money to spend!

    Very pleased about the £100! Another step closer to 1 5 15!
    • greent
    • By greent 28th Oct 13, 6:57 PM
    • 8,189 Posts
    • 83,189 Thanks
    greent
    Thanks Greent and ICTD. Unfortunately, Rufus has not been contributing recently. I think it's because he never likes the presents I buy him. Basically, he thinks I'm a tightwad. He can tell a £1 toy from a £10 toy, and he obviously has expensive tastes. The toys are because I recently found Rufus looking claw marks in my leather sofa! Something, perhaps divine intervention prevented me from throttling him; but he remains a (live) guest, but knows he is in the dog house.

    Anyway, today, I have been pulling my coin tins together and have managed to get together another £100 to overpay on the mortgage. Will go to the bank and pay it in tomorrow. Better in the mortgage than in my tin doing nothing.

    Have also decided that from January onwards, I will change my change saving habit. From the New Year onwards, I will save £2 coins, copper shrapnel and 50p pieces. Previously, I was saving £2 coins, copper shrapnel, 20p and 5p coins. I figure that the 50p coins will bring in a bigger return, but keeping the 5p and 20p's in my purse, I will feel as if I actually have some money to spend!

    Very pleased about the £100! Another step closer to 1 5 15!
    Originally posted by Tahlullah
    oooh - hopefully Rufus knows that the doghouse is not a good place for him to be in!!!

    We save change, too - £2 coins and silver and copper shrapnel (basically 20p pieces and anything smaller) = keeps my purse much lighter in weight and it's surprising how they mount up!

    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 £513.64/£500
    • Tahlullah
    • By Tahlullah 29th Oct 13, 10:24 PM
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    • 5,280 Thanks
    Tahlullah
    I agree that collecting shrapnel makes a difference. After all, it has allowed me to make an overpayment without too much pain. But now I have made the decision to stop collecting 5p and 20p peices, what am I going to do with the ones which currently reside in Ermintrude.? Do I spend them? Pointless saving them if they aren't going to get any other friends to keep them company. And it won't be the same thing to keep them with the 50p and £2 coins, they will just be out of place.

    Anyway, I will ponder that dilemma and decide later. But what I have noticed is that I have managed to pay off £700 so far, against my target of £1000 by the end of the year. Two months and £300 to go, and suprisingly, it's not been that onerous.

    Got £30 on my ebay sales so far with 4 days to go, so with luck, that will be another hundred towards the target.

    I am determined to do this, but will of course require some sort of congratulatory present... I will ruminate on this further - a no spend present!
    • Tahlullah
    • By Tahlullah 4th Nov 13, 7:32 PM
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    Tahlullah
    Woohoo! I am now officially Roadkill Rebel 44! I feel like a Ninja!

    Bring it on!
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    Owed at the end of -
    02/19 - £78,400. 04/19 - £85,000. 05/19 - £83,300. 06/19 - £78,900.
    07/19 - £77,500. 08/19 - £76,000.
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