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  • FIRST POST
    • sammy70
    • By sammy70 24th Sep 13, 4:58 PM
    • 602Posts
    • 1,975Thanks
    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 36
    • A Frayed Knot
    • By A Frayed Knot 1st Nov 18, 10:20 PM
    • 2,709 Posts
    • 11,998 Thanks
    A Frayed Knot
    Sammy70, Love reading your diary and love to see you o/p like I did/do.
    Keep that up and you are going to smash this Concentrate on the 6,800 that way doesn't look so bad.

    I didn't do the interest "thing" until I got a new deal and my interest rate halved

    Sounds like we both had the same Mondays off work, a lot of coincidences for us both Enjoy.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Mortgage Free 21.12.18
    Just 11 Years 3 months early
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • sammy70
    • By sammy70 3rd Nov 18, 11:06 AM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    Got up early and mucked out horse, and fed all the mouths, before hubby got back from work and we had boiled eggs and soldiers together, i love an early start..

    Overpaid 55 today from an account tidy/ this weeks saved bits and bobs

    Im aiming to pay the interest following your method a frayed knot, so this is a good start for the week

    Having a family tea for my birthday which is monday, but the offspring are working then, so today is best..

    Ive allocated a savings account to keep tillytidies in, and plan to make a weekly overpayment, alongside hopefully a bigger one on payday.. thats the plan anyway!

    Have a lovely weekend everyone, best get some jobs done before i relax and have a catch up with my children later
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • A Frayed Knot
    • By A Frayed Knot 3rd Nov 18, 7:34 PM
    • 2,709 Posts
    • 11,998 Thanks
    A Frayed Knot
    November is off to a great start on week 1 for you.

    Hope you have a lovely birthday tea and get lots of lovely pressies.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Mortgage Free 21.12.18
    Just 11 Years 3 months early
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • sammy70
    • By sammy70 6th Nov 18, 7:49 PM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    Had a a lovely weekend and birthday, cant believe im 48!!!

    Hubby got some fencing completed as the sheep had found a way to scale a stone wall the little b**gers!! good job we love em!

    i had a lovely ride , then got back and we had bonfire of a massive pile of tree branches and other garden waste, then we had tea, followed by rasberry gin and tonics for me (birthday gift) and birthday chocolate while snuggled up together, a perfect birthday

    had a lot of bits to buy this month, fencing. guttering etc, so extra to pay on c/c come payday

    Will have to be super careful till payday, so i can clear the extra and still overpay..
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • sammy70
    • By sammy70 10th Nov 18, 4:22 PM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    no overpayment this week

    But budget not going to bad, but extra 600 spent on various items this month, guttering, fencing, and a couple of other needed items, so will be extra careful now as this needs to be found in November pay, and i really want to make an overpayment on payday, hopefully with what ive already paid this month, enough to pay octobers interest, lets see..
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • Thick n Thin
    • By Thick n Thin 11th Nov 18, 10:20 AM
    • 58 Posts
    • 162 Thanks
    Thick n Thin
    Ive just finished reading your diary from the beginning and I’m in awe of what you and your husband have accomplished! Your home sounds idyllic and you sound very happy! Well done and I look forward to reading more of your adventures!
    • sammy70
    • By sammy70 30th Nov 18, 6:13 PM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    november overpayment


    We ve managed an overpayment of 400 this pay day!!

    we also paid the 600 overspend for this month back to the credit card

    All xmas food/gifts saved for, ive started getting a few more bits this week, just stocking fillers as we are giving DD and DS cash as main presents so they can buy whatever they need..

    new mortgage balance is 216,345

    I will update again once the interest and direct debit have been updated, im really pleased with this months overpayments, i want to be below the 200,000 mark by this time next year

    Naughty horse has this week decided to climb up a bank, and then get stuck while i was mucking out. i heard a gentle thud as he leapt down from the 8ft stone wall onto our lane, luckily he was unhurt and none the worse for the adventure

    The sheep have decided they are horses, and eat from his haynet, and canter along with him in the field like an herd of wild horses, when i go to bring him in they cling to his hind legs trying to sneak out of the field and join him in his stable, they are soo funny!
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • sammy70
    • By sammy70 4th Dec 18, 5:20 PM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    update
    Heres the updated figures/interest etc for November/December

    Interest for November - 514.18
    Daily = 17.13

    Direct Debit- 1246.54

    New balance- 215,612.64

    Made 12.64 overpayment today

    New balance 215,600

    Total overpayments to date nov 2016- dec 2018 - 1065.95
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • A Frayed Knot
    • By A Frayed Knot 4th Dec 18, 5:54 PM
    • 2,709 Posts
    • 11,998 Thanks
    A Frayed Knot
    Heres the updated figures/interest etc for November/December

    New balance- 215,612.64

    Made 12.64 overpayment today

    New balance 215,600
    Originally posted by sammy70

    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Mortgage Free 21.12.18
    Just 11 Years 3 months early
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • sammy70
    • By sammy70 10th Dec 18, 5:16 PM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    Well im feeling a bit smug All xmas shopping completed!!

    Just need to get shopping list for xmas/new year treats/meals for while we are off, not going mad as we want to get back on track 2nd January, so no buying tonnes of treats and then moaning because we have to finish them before we re-start healthy eating

    Got my 6 year mse anniversary badge- how time flies! this time 6 years ago me and lovely hubby werent married, hubby and i were saving for our wedding , paying last of our old mortgage off, before starting saving for our dream home..

    Sometimes i cant believe how much we have achieved in that relatively short time
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • Betterthanever
    • By Betterthanever 10th Dec 18, 5:51 PM
    • 582 Posts
    • 3,838 Thanks
    Betterthanever
    Happy 6 year mse-versary!!

    Current balance 219,990.00. Offset 0. 219,990.00 needed to be mortgage neutral!
    End date - 12/28 but aiming for 12/23 - 2019 Overpay & Offset 0
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • sammy70
    • By sammy70 11th Dec 18, 8:11 AM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    thankyou betterthanever!

    Well my smugness has been wiped away- went for soak last night- no cold water! luckily hubby was home , and spent hours tinkering but no joy.
    We were without water to upstairs, including toilet!!
    I spent ages up and down stairs with a bucket filling cold water tank/loo from the less than flowing downstairs tap.

    After a sleepless night going through various disaster signarios, i got up at 6am, and hubby and i went up on the moors behind our house where our bore hole is to see what it was playing at.

    After a lot of slips and cursing we found the pipe to the bore hole is blocked with debris- heather bits etc, this no doubt due to the heavy rainfall we have had all last week.
    The blockage is too far up the pipe to reach by hand, so tools required!!

    We are relieved its nothing major like an underground pipe broken etc, so todays task is to either get a drain clearance company out, but hubby is on a training course, so thats my task, or more than likely when he gets in tonight we plan in going up armed with many torches, and rods etc to do it our selves.
    The joys of living off grid!
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • sammy70
    • By sammy70 20th Dec 18, 7:50 PM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    catch up time!

    We have had a busy month, short daylight hours means rushing before and after work to get mucking out/feeding etc done, shortest day tommorow though, then the days start getting very slightly longer- though colder no doubt

    Our water problem we ended up sorting ourselves, we bought rods and unblocked the pipe, i must admit it was a bit like something off youve been framed at times, me clutching the pipe while hubby cleared the blockage, when it cleared it was like niagra falls, i expected to be carried away on the wave of water

    we have learnt that you cant get tradesmen to do these sort of tasks,
    they dont want to know, but we are learning that with a bit of thought and work, we are capable of doing most tasks ourselves, up to now we (hubby mainly) have learnt roofing, fencing, stone wall building, and now bore hole unblocking, we dont get a chance to be bored!!
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • sammy70
    • By sammy70 22nd Dec 18, 10:32 AM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    Been really poorly with flu type virus this week, both hubby and i , luckily both were laid up for two days but one after the other, so we have muddled through with animals etc..

    Today i still feel breathless and lightheaded after doing anything for longer than 5 minutes, so my plan is to take it steady, im off out now to do mucking out, then work thorough house tidying..

    Hubby has finished work till thursday night now, i have to work xmas eve

    I think we have just about got xmas organised, once ive got house work done, i plan a soak in the bath, and im going to try and relax and get into the xmas mood, i havent been eating for the last few days hardly with being ill, so hopefully now my appetite is coming back a bit, and i can enjoy the xmas goodies..

    We both get paid xmas eve, so will be thursday probably before i organise overpayments etc, i dont know if i will have time monday to sort the finances, i will see how i go. Im trying to not stress about getting everything done , same at work, though i cant seem to switch off and leave things like some people can, dont know why.

    Anyway, first step, get out and muckout!
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • sammy70
    • By sammy70 22nd Dec 18, 11:55 AM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    Horse mucked out/haynets/waterbuckets filled, chickens cleaned out and eggs collected..

    Its muddy and rainy here, summer seems a long time ago- oh for a day of that heatwave..

    Having 5 with a skinny latte and a flu tablet, then round 2, washing and house tidy p
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • robmark1221
    • By robmark1221 22nd Dec 18, 12:28 PM
    • 2 Posts
    • 3 Thanks
    robmark1221
    Mortgage free plans
    The plans were really good and it helped me. I can now understand the importance of mortgage finances.
    • sammy70
    • By sammy70 22nd Dec 18, 3:31 PM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    2019 goals
    house work done

    Im shattered and red hot, think the dreaded lurgy is still lingering

    Im trying to take it easy, next job is teatime for the animals, fetch buckets of coal in, then i intend relaxing in a bubbly bath, before having a lovely m& s pizza, chips, and a g&t in front of the tele snuggled up with hubby

    ive decided xmas eve i will sort the january budget, and make the last 2018 overpayments to the mortgage, and another payment off the diy loan..

    I also need to set our 2019 goals, id like the mortgage below 200,000 for xmas eve 2019, also i want the diy loan paid off for end october 2019, and to build up our p.bond savings, as 2020 is the year i plan to start working for myself, if all goes as we want, so the savings will be needed to enable this to happen, ..

    Looks like thats my targets for 2019 sorted!

    We have more fencing and walling repairs to get through too, and to get a quote for replacing our heating system, which is again a 2020 project ..

    ive been a little unfocussed on finances for the last few weeks, family life has taken over, but things are settled again, so must get focussed, those goals wont sort themselves!
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • sammy70
    • By sammy70 29th Dec 18, 1:43 PM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    December update
    made an overpayment of 600

    New balance is 215,000

    I will update 2nd January one december interest has been applies, and the direct debit has cleared.

    Looking forward to my 2019 challenges

    Right, im off for a ride now house work is 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- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • sammy70
    • By sammy70 2nd Jan 19, 6:56 PM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    Happy new year!!
    Heres my fresh 2019 mortgage update-

    Interest for December was 528,51
    Daily- 17.04

    Direct debit- 1246.54

    New balance 1st January= 214,281.97

    My goal for the mortgage for 2019 is to be below 200,000 by xmas eve ....

    soo, just made 31.97 overpayment, leaving a nice rounded balance of 214,250
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
    • sammy70
    • By sammy70 3rd Jan 19, 7:43 PM
    • 602 Posts
    • 1,975 Thanks
    sammy70
    work is pants at the moment, roll on self employment

    On a positive note, 60 winging its way to me- quidco payout for my car insurance in october, yey

    https://images6.moneysavingexpert.com/images/forum_smilies/sport-smiley-001.gif
    current official end date of mortgage= 2037-aiming for 2030
    mortgage balance start of challenge- 25/11/2016 245,695
    overpayments 28th nov 2016- 6th March 2019 10,832.84
    Mortgage balance of currently = 212,600:eek 06/03/2019

    month 14 of 21 month plan
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