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  • FIRST POST
    • sammy70
    • By sammy70 24th Sep 13, 4:58 PM
    • 537Posts
    • 1,514Thanks
    sammy70
    our forever patch challenge
    • #1
    • 24th Sep 13, 4:58 PM
    our forever patch challenge 24th Sep 13 at 4:58 PM
    well, this week sees the new start to my mortgage free plans. After 18 months clearing debts, then paying for our wedding, which took most of our hard earned savings, we are at the beginning again.

    Due to restructure at work, OH is on a reduced monthly pay, so the savings are even more of a challenge!
    Our plan is over the next two-three years, build up savings , and make over payments, untill we have enough saved to clear the outstanding balance owed on our mortgage, then sell this house, and use the sale proceeds as deposit on our "forever home", we really want somewhere with an acre or so of land, to allow me to have my own horse again, and OH to have garage/workshop he has always wanted.

    we both get paid this week, i will open new savings online, and let the challenge to get our new home begin!, we get married on Friday, this will be the start of our married life adventure too, !!
Page 30
    • sammy70
    • By sammy70 20th Dec 17, 1:23 PM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    budget done, should have enough to make £500 each payment off both mortgage and workshop roof costs

    Also want to buy £100 p.bonds for emergency fund, and plan on another £50 worth for future small business savings

    Overall 2017 has been a busy but productive happy year for hubby and I, when I think back to this time last year, we were desperately decorating/recarpeting the living room so we could get the xmas tree up for our 1st xmas in our forever home

    We haven't spent a fortune on xmas, we just plan on a nice family day, stuffing our faces and relaxing, then we have a week off so hopefully the weather will be kind for at least some of it, so we can get some more land clearing done
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • sammy70
    • By sammy70 22nd Dec 17, 12:34 PM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    last overpayment of 2017

    Just made our last overpayment of 2017- a massive £500- bringing our mortgage balance down to £228,500 !

    Total overpayments to date= £6,658.63

    Also bought £205 p.bonds, and paid £502.68 off the workshop roof costs, the amount left to pay is £6,500, this is my other challenge to pay this back, before our next big projects start in spring 2018

    2017 has been a big year for us, our first year in our forever home, the coming together of 5 years of planning/debt clearing, then savings/overpaying and paying off our previous mortgage.

    Overall I can honestly say this is our dream home, not every ones cup of tea, in the middle of nowhere, off grid internet, borehole supplied water, but these are minor hiccups when we look out over the stunning countryside, walk round our plot with big plans for our future, and that warm feeling I get as I turn down our lane after being away, knowing I'm coming back to the place I love, and is the place we belong.

    2018 will no doubt bring lots of challenges, work , and money saving , to allow us to progress with our plans here, but every bit of backache, blackberry bush scratches, mud sweat and tears will be worth it!

    Merry Christmas and a happy new year to everyone, we are starting a week off work, back 2nd January 2018, and I will be back here with my overpayments. We intend to have a relaxing ten days off, enjoying lots of nice food and drinks, and most of all making every moment here count, in our lovely countryside patch xx
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • hugglemonster
    • By hugglemonster 30th Dec 17, 10:33 AM
    • 366 Posts
    • 1,673 Thanks
    hugglemonster
    Fantastic results for the year and even better when it's for somewhere you love, all the best for 2018 I hope it's a happy and fulfilling year!

    H x
    Debt:Overdraft 2 £1900 Credit card £2200 now £1770 Car - Purchased £11,518.40 now £7983.96 Barclays loan 3000 now £2981.24
    PAID - Computer £646.52, Overdraft 1 £2200
    Emergency fund: £0 General savings: £200
    • try harder
    • By try harder 30th Dec 17, 10:45 AM
    • 787 Posts
    • 3,036 Thanks
    try harder
    It all sounds idyllic to me sammy70 and love hearing all your stories you are doing great .Happy New Year to you ,hope you are having a great holiday .
    • sammy70
    • By sammy70 30th Dec 17, 7:06 PM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    Thanks for the lovely comments tryharder and huggle!

    We have had a totally lazy and relaxing few days off, mainly due to the weather not being good for outdoor jobs (snow!! brrr)

    We have started making plans for 2018, but to be honest the first few months will be mainly saving every penny for projects spring/summertime..

    Our daughter is struggling at the moment with finances due to her fledgling business, so we have helped her out, which though this makes our savings a bit behind, family comes first, and id rather delay a months cash than watch her struggle, im sure in time she will get on track bless her

    My/our first challenge of 2018 is to pay back the £6,401.10 outstanding for the workshop roof, so ive paid £21.10 off it today (tilly tidy), so £6,390 to go!

    We will start the next lot of fencing once this is sorted...

    Heres to a frugal happy 2018 enjoying the countryside and wildlife with my lovely husband
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • Downshifterella
    • By Downshifterella 31st Dec 17, 11:05 AM
    • 122 Posts
    • 778 Thanks
    Downshifterella
    Just read back through your diary sammy70 what a great read!!
    Inspiring stuff with all your work on your new home....made me want to get much better at DIY! ( Painting is about my limit! Lol )
    Here's to a fab 2018!
    MF planning for the simple life
    • sammy70
    • By sammy70 3rd Jan 18, 3:53 PM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    January mortgage update
    Thanks downshifterella! my hubby is the DIY one in our team I'm afraid, I'm just the blackberry bush/undergrowth shifter/labourer/bonfire maker

    heres my monthly figures update-

    interest for December was £415.56
    daily- £13.40
    new balance= £227,706.73

    direct debit went out 1st jan- £1208.88- this is taken into account in the above balance btw

    Made first 2018 overpayment- £16.73, this brings mortgage down to a rounded £227,690..
    Even though I'm concentrating on savings for new 2018 projects/paying back last of workshop roof costs/ for the first few months of 2018, I'm still going to make token overpayments to the mortgage to keep me sane !
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • sammy70
    • By sammy70 4th Jan 18, 8:51 PM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    £10!
    "£10 overpayment made today, and £10 to diy costs
    This was from refund of internet monthly cost, i complained yesterday about the internet being off for the days up to xmas,got this months cost refunded, every little helps!
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • sammy70
    • By sammy70 6th Jan 18, 11:21 AM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    Not a lot to report today.. the weather is wet, and really cold today, so ive just got in from work, my one in four Saturday morning to work, I'm now going to get stuck into a couple of hours of tidying/cleaning..

    Grocery costs have been low this week, and no fuel costs due to the cars hardly being used over xmas/new year

    Ill continue with meal planning, hopefully this will help at payday, maybe a little overpayment can be made, though the bulk of any cash after direct debits etc covered will be used to pay diy costs as planned

    Have a nice weekend everyone
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • sammy70
    • By sammy70 9th Jan 18, 7:48 PM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    doing well with grocery savings! Managed a completely free £70.22 shop- no ive not taken to shoplifting- i had £70 of vouchers from work, we get them every xmas. i used these at iceland- got loads of meals, chicken breasts, cheese, cereal, everything we need for meals for the next 3 weeks!
    the funny thing was, i found 2p behind a radiator at home, and 20p in the carpark, so had all the shop at no cost to us, woo hoo!!
    im on a super frugal mission to get the next project underway, this proves every penny really does count, even pavement treasure
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • sammy70
    • By sammy70 13th Jan 18, 11:03 AM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    happy weekend!!

    An early start for me, we have had the fencing guy out again, to quote up for various areas of stockfencing, gates atc. We are expecting this to be expensive but, this is necessary if our livestock is to be safe.. the rest of our 2018 is mapped out for us really-
    hubby and I to repair/rebuild large areas of stone walling- this will be lucky to be completed this year!
    all spare cash this year is spoken for- paying fencing costs- buying field shelter- materials to re-roof outbuilding and repairs to this building to transform it into two stables..
    my favorite bit- buying sheep/horse/chickens!

    While money is going to be tight, we will try to make overpayments when we can, I'm intending using any savings made on the grocery budget, quidco, spending money, etc for this, but until end December, the cash after directs debits etc gone out will all go straight to pay off fencing etc costs.. it will be worth it!!
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • michelle09
    • By michelle09 13th Jan 18, 11:21 AM
    • 786 Posts
    • 4,337 Thanks
    michelle09
    Wow, that is an impressive free shop, well done!
    • sammy70
    • By sammy70 17th Jan 18, 6:22 AM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    Thanks michelle09, just wish I could manage a free shop every week, that mortgage would be gone in no time!

    Made a small o.p of £9.89, account tidy, so new balance =£227,670.11- I intend to rectify the odd amount asap, I like oos at the end of my balance!!

    I'm already looking forward to payday, although the bulk of any cash left will go to fencing etc costs, I'm hoping to use any leftover grocery budget for an overpayment, as well as the minimum £150 I always do ..

    Ive done really well with grocery cuts/savings this month, I intend keeping this up all year, I'm dropping the grocery budget £10 a month for the next 3 months too if can.

    Its snowed heavily here, so just awaiting hubby coming in with his 4X 4, my little car wont make this snow, then off to work..

    Have a good day everyone
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • sammy70
    • By sammy70 17th Jan 18, 7:19 AM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    scrap the last' just going to work' message, the road is blocked with broken down /stuck cars and lorries, which have diverted down the road near us due to a major road being closed due to heavy snow, and then realised they are stuck in 10 inches of snow, so had to call work and put in an holiday day, not risking getting stuck myself, hubby passed idiot speeding on motorway, that went into a spin and narrowly escaped causing a major pileup, also lorries attempting to reverse due to closed road causing major problems, don't you just love heavy snow!!
    So, I will be productive as possible, will do budget for the month, and fine tune the grocery shop/meal planning for the month, then I will have a snowy walk with my little dog, might as well take advantage of my enforced holiday day
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • sammy70
    • By sammy70 19th Jan 18, 7:37 PM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    made an overpayment of £20.11- another account tidy- this was savings from grocery spends
    New mortgage balance- £227,650, nice neat amount

    new total overpayments to date amount= £6,715.39

    Its the weekend, still snowing on and off here, so don't think much going to get done outdorrs, its freezing!

    Ive done the budget and meal plan for the next 2/3 weeks, I'm really determined to make as many savings as I can here, these will be the bits of cash that will be my overpayments, as all other cash to pay for fencing/stable etc costs this year

    I love a challenge , and getting this mortgage cleared, while setting up our smallholding, is certainly that
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • sammy70
    • By sammy70 20th Jan 18, 7:28 AM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    a snowy scene out of the window again this morning, glad its not a work day!

    Next week, im aiming to have 5 NSDs , i have cut my weekly spending money to £20 from £25, and anything saved will go for overpaying


    Next friday sees both our paydays, hopefully at least£150 mortgage overpayment, something, probably £100 in p.bonds, and another chunk paid off the smallholding set up costs

    have a lovely weekend fellow MFWs!
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • EatingTheElephant
    • By EatingTheElephant 20th Jan 18, 9:17 AM
    • 1,298 Posts
    • 7,107 Thanks
    EatingTheElephant
    So many exciting things planned for this year, I can!!!8217;t wait to hear all about them!

    You are steaming ahead with OPs, amazing progress. I love your free shop too
    • sammy70
    • By sammy70 26th Jan 18, 6:53 PM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    Pay day,wahey!
    Today is hubbys payday, mine was yesterday.

    Ive just made an overpayment of £150, bought £170 of p.bonds, and made a massive £1509.91 (everything left after budget/bills covered), payment to the roofing etc costs, this came from hubby and i doing loads of overtime, a 5 week month, which meant extra week to work more , and being frugal with outgoings, we have done well if i say so myself

    Im really pleased with the grocery budget, we have loads for meals in the freezer/stores, so for at least the next 2 weeks i should be able to come in under on the weekly grocery spend, which means an extra overpayment to the mortgage

    The weather has been good today, even saw a little sun! so fingers crossed for at least one decent day this weekend to get outdoors to get some much needed weeding, blackberry bush pulling up (my favourite-not ), and generally enjoying our land.

    I love the countryside!
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
    • try harder
    • By try harder 26th Jan 18, 8:30 PM
    • 787 Posts
    • 3,036 Thanks
    try harder
    You are doing so well , you should be really pleased with yourself .Can you come and stay with us for a while and work your magic here ?
    • sammy70
    • By sammy70 27th Jan 18, 1:30 PM
    • 537 Posts
    • 1,514 Thanks
    sammy70
    Thanks for the kind comment try harder!

    We are lucky that overtime is available, we have decided to try and do as much as we can over winter, and in summer when the weather is good, doing basic hours will seem like a treat! and holiday days are all booked for us both in the summer months, to allow as much time as possible to enjoy our home/land, and get the jobs done, and of course we do plan in a few years time once most of the expensive jobs/work is completed, to firstly cut back on overtime, and we would really like to retire a few years early if possible.
    All our plans are of course subject to health/finances as always. But I always like to plan ahead, we cant predict the future, only do our best to make it as happy and debt/stress free as possible


    I have done really well regarding NSDs this month, I still had my last months weekly spends money, so this months was included and paid off some of the overpayments and savings.
    This next month, we have cut our spends from £100 each, to £80, and I plan on at least 5 NSDs a week, so at even have a little extra to save at the end of February
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 £245,695
    overpayments 28th nov 2016- 04th june 2018 =£8,120.48
    mortgage balance of currently = £222,200 04/06/18
    month 5 of 21 month plan
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