And so it begins: The Pig Vs The Mortgage

pinkypig · 22 July 2017 at 6:12PM

Hi everyone, after literally years of lurking I'd very much like to join you if I may? Having been truly inspired by the commitment and achievements of Secret Saving Squirrel,Tilly and Museumworker I'm finally convinced that the best way of remaining motivated and on task is to keep a diary. I'm hoping that regular reporting will lead to increased levels of accountability and reduced levels of excuse making:o
To provide a little background there's me and two piglets. I work fulltime in a job that I enjoy but which is becoming increasingly demanding in terms of time and energy. Consequently,I want to achieve financial freedom within 7 years. I aim to do this through a combination of increased voluntary pension contributions and overpayments on my mortgage.
I find discussing these things in RL a little uncomfortable as most of my peers don't really get where I'm coming from. The perception seems to be that to live thriftily is to endure a miserable existence and living a full life involves endless spendy hobbies and events. I know the folks on here are kindred spirits so I'm hoping for a place to celebrate success and to off load anxieties as I embark on my slightly scary but rather liberating journey to freedom

pinkypig · 22 July 2017 at 6:18PM

Hi

My first task is to collate a detailed and accurate SOA which I'm rather looking forward to (sad I know!). From there I will progress to realistic but challenging targets for extra pension contributions and overpayments. Wish me luck, I may be a while

PP x

bexster1975 · 22 July 2017 at 6:58PM

Happy shiny new thread! Hello. :j

You will be in very good company here pinky.

I agree about RL. Lots of people don't see the point. I think it's possible to strike a balance. I look forward to following your journey.

Good luck with the SOA

Bexster

Kittenkirst · 22 July 2017 at 7:51PM

Hi Pinky!! :wave:

Looking forward to reading your progress & cheering you on

wishingthemortgaheaway · 22 July 2017 at 8:00PM

Following your journey (and hoping to encourage you)

DeterminedSingleMummy · 22 July 2017 at 8:18PM

Hi

I've given up talking to my RL friends about being mortgage free too. These guys on this forum are much more supportive

will be reading

EatingTheElephant · 22 July 2017 at 8:46PM

Welcome pinkypig, I have to admit I was sceptical that keeping a diary would help, but now I have to agree that it definitely helps. The support from fellow MFW's is truly wonderful.

museumworker · 22 July 2017 at 8:51PM

Hello pinkypig, and thanks for the name check, although Tilly and SSS are very much mortgage free, unlike me, so much better role models :rotfl:!

Well done for coming out of lurkdom, it is amazing how much a diary can focus you and make a difference to your finances.

Look forward to cheering you on. We're also looking at increasing pension contributions as well as overpaying the mortgage, a heady combination I still need to get my head around!

The burning question though - how big is your mortgage?

wishingthemortgaheaway · 22 July 2017 at 10:59PM

My diary is becoming my accountability, I think 'what would diary world say about this purchase?' - not that the members of diary world would judge me, everyone is too lovely and supportive for that. But the mythical diary world aura would judge me severely.

I also think by taking hold of our finances we are setting a good example to our offspring. I don't believe we should burden our children with worry associated with finances, but I do believe we have a resnsibility to model good habits and to teach children the value of money.
I learnt such good habits from my parents (interestingly I didn't get pocket money until I was 16 and going to college) and, apart from one little slip up I've always managed my finances really well.
(I hope that sounds encouraging to you and not preachy or patronising)

Wish

MissLemon · 22 July 2017 at 11:57PM

Hello! I'm looking forward to following your journey!

greent · 23 July 2017 at 7:25AM

Diaries are not only a good place for self-accountability, but they act as a brilliant record of your progress - sometimes acknowledging what you've achieved is a great re-motivator if you're not feeling it at that particular time

x

And so it begins: The Pig Vs The Mortgage

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