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  • FIRST POST
    • sammy70
    • By sammy70 24th Sep 13, 4:58 PM
    • 576Posts
    • 1,834Thanks
    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
    • 2,517 Posts
    • 11,250 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
    Target 12 months 12/24 (missing out no.13)
    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
    • 576 Posts
    • 1,834 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- 3rd november 2018 =9,653.31
    mortgage balance of currently = 216,745:eek 03/11/18

    month 10 of 21 month plan
    • A Frayed Knot
    • By A Frayed Knot 3rd Nov 18, 7:34 PM
    • 2,517 Posts
    • 11,250 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
    Target 12 months 12/24 (missing out no.13)
    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
    • 576 Posts
    • 1,834 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- 3rd november 2018 =9,653.31
    mortgage balance of currently = 216,745:eek 03/11/18

    month 10 of 21 month plan
    • sammy70
    • By sammy70 10th Nov 18, 4:22 PM
    • 576 Posts
    • 1,834 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- 3rd november 2018 =9,653.31
    mortgage balance of currently = 216,745:eek 03/11/18

    month 10 of 21 month plan
    • Thick n Thin
    • By Thick n Thin 11th Nov 18, 10:20 AM
    • 16 Posts
    • 23 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!
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