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  • FIRST POST
    • beanielou
    • By beanielou 4th Nov 14, 2:19 PM
    • 55,063Posts
    • 220,040Thanks
    beanielou
    Baby steps to mortgage freedom for beanielou.
    • #1
    • 4th Nov 14, 2:19 PM
    Baby steps to mortgage freedom for beanielou. 4th Nov 14 at 2:19 PM
    My first thread on the MFW board!!
    My mortgage has 6 & 1/2 years left to run.
    My income seems to decrease more & more & it becomes more & and more of a challange to pay my hefty(to me) mortgage.
    I have managed an overpayment last month as I got some £££'s unexpectedly.
    My biggest fear is not being able to pay my mortgage & loosing my home.
    So I have decided that baby steps are the way forward~even a fiver or a tenner overpaid in a month is better than nothing.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
Page 195
    • beanielou
    • By beanielou 4th Mar 18, 8:03 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Sorry to read about your friend beanie, and you are so right about the trivial things not mattering
    Originally posted by redofromstart
    Thank you.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • beanielou
    • By beanielou 4th Mar 18, 8:06 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    I really really dont know what I am thinking today to be honest.
    Questioning who I am & what I am doing.
    What is this MSE malarky all about.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 4th Mar 18, 8:38 PM
    • 8,844 Posts
    • 51,811 Thanks
    please-let-me-be-lucky
    What is this MSE malarky all about.
    Originally posted by beanielou
    A bunch of likeminded friendly people, who genuinely care about folks on the interweb whom we’ve never actually met! Xx
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0

    NSDs achieved in 2018 32/60
    Best win so far - holiday to Florida
    • Sun Addict
    • By Sun Addict 4th Mar 18, 8:54 PM
    • 5,854 Posts
    • 38,647 Thanks
    Sun Addict
    Very true Lucky. You lot kept me sane when Mr SA was so poorly. More than anyone in real life did.

    And don't think too much Beanie, no good ever comes of it xx. Just be xx
    Virtual Sealed Pot 2018 £296.07
    Debt £2400
    June 4 NSDs 4 AFDs
    Weight loss 0.5/6LBS
    Emergency Fund £2000/£10,000
    • beanielou
    • By beanielou 4th Mar 18, 8:54 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    A bunch of likeminded friendly people, who genuinely care about folks on the interweb whom we’ve never actually met! Xx
    Originally posted by please-let-me-be-lucky
    I worded that badly.
    I meant the whole trying to pay off mortgages/debts whatever.
    Is it really worth it? Really?
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • gallygirl
    • By gallygirl 4th Mar 18, 8:58 PM
    • 16,606 Posts
    • 109,664 Thanks
    gallygirl
    I worded that badly.
    I meant the whole trying to pay off mortgages/debts whatever.
    Is it really worth it? Really?
    Originally posted by beanielou
    Personally I think we're only on this earth for a short period of time. Best not spoil it by having debt hanging over our heads if we can avoid it.

    So sorry Beanie xx
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • rtandon27
    • By rtandon27 4th Mar 18, 8:59 PM
    • 2,200 Posts
    • 14,029 Thanks
    rtandon27
    My sympathies, so sorry to hear about your friend Beanie. xx
    1 YEAR & 7 MONTHS DEBT FREE!!! (24 OCT 2016)
    (With heartfelt thanks to those who have gone before us & their indubitable generosity.)
    Juggling the pots to keep in the black!
    • ZTD
    • By ZTD 4th Mar 18, 9:03 PM
    • 23,730 Posts
    • 42,867 Thanks
    ZTD
    I worded that badly.
    I meant the whole trying to pay off mortgages/debts whatever.
    Is it really worth it? Really?
    Originally posted by beanielou
    Well...yes. From the accounting side, if you have a £100,000 mortgage with and interest rate of 2%, once that's paid off, you can blow that 2% on...lets say...hats and still have spare room in your budget (capital repayments).

    From a "sleep at night" point of view, my Grandfather apparently had a saying: "Out of debt, out of danger."

    Though I should point out, he lived through the Great Depression - the idea is still valid.
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."
    OMD 'Julia's Song'
    • beanielou
    • By beanielou 4th Mar 18, 9:05 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Very true Lucky. You lot kept me sane when Mr SA was so poorly. More than anyone in real life did.

    And don't think too much Beanie, no good ever comes of it xx. Just be xx
    Originally posted by Sun Addict
    You are so right xx
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • beanielou
    • By beanielou 4th Mar 18, 9:06 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Personally I think we're only on this earth for a short period of time. Best not spoil it by having debt hanging over our heads if we can avoid it.

    So sorry Beanie xx
    Originally posted by gallygirl
    You are right & thanks xx
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • beanielou
    • By beanielou 4th Mar 18, 9:07 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    My sympathies, so sorry to hear about your friend Beanie. xx
    Originally posted by rtandon27
    Thank you xx
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • beanielou
    • By beanielou 4th Mar 18, 9:12 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Well...yes. From the accounting side, if you have a £100,000 mortgage with and interest rate of 2%, once that's paid off, you can blow that 2% on...lets say...hats and still have spare room in your budget (capital repayments).

    From a "sleep at night" point of view, my Grandfather apparently had a saying: "Out of debt, out of danger."

    Though I should point out, he lived through the Great Depression - the idea is still valid.
    Originally posted by ZTD

    Out of debt, out of danger sounds good to me.
    I like that. A lot.
    That is what drives me to get rid of this blooming mortgage as at least I can have a roof over my head without the worry of not having a home.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • Cumbria lass
    • By Cumbria lass 4th Mar 18, 9:21 PM
    • 1,913 Posts
    • 11,638 Thanks
    Cumbria lass
    Sorry to hear about your friend Beanie . Live every day to the full , that's my motto .
    CC1 £3475 May 2018
    • beanielou
    • By beanielou 4th Mar 18, 9:26 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Sorry to hear about your friend Beanie . Live every day to the full , that's my motto .
    Originally posted by Cumbria lass
    Thank you A good motto to have.

    Mine as everyone knows is to keep plodding.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • in need of direction
    • By in need of direction 4th Mar 18, 10:32 PM
    • 5,073 Posts
    • 29,464 Thanks
    in need of direction
    Sometimes plodding gives you the chance to smell the roses. For me, this MSE thing is about increasing choices. If I hadn't made my ops and my economies, I'd never have felt able to walk away from the well paid job that I can now see was making me ill. Take care.
    Mortgage at 01.01.14 £119,481.83 today £75,268.93, target £65,000 by 31/12/18 Offset fund today £247.27 target £5,500 by 31/12/18
    Emergency fund £0.7/5.5k & £200/200 cash.
    Current weight loss RUBBISH need to refocus
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • beanielou
    • By beanielou 5th Mar 18, 2:08 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Sometimes plodding gives you the chance to smell the roses. For me, this MSE thing is about increasing choices. If I hadn't made my ops and my economies, I'd never have felt able to walk away from the well paid job that I can now see was making me ill. Take care.
    Originally posted by in need of direction
    Thank you.
    You too xx
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • milann
    • By milann 5th Mar 18, 6:26 PM
    • 1,738 Posts
    • 8,106 Thanks
    milann
    The MSE thing for me is not having to worry. But sometimes I couldn't even think of paying extra - I needed to live and relax and take the foot off the pedal for a short time whilst I evaluated - but I always paid what I had to and didn't get in arrears - just not the extras - then when my spirits lifted paid the extra if I could. As long as it was going in the right direction life was ok.

    It makes you put life into perspective though when you lose a close friend or family member - thinking of you.
    • beanielou
    • By beanielou 5th Mar 18, 9:09 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Thank you Millan xx
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • beanielou
    • By beanielou 5th Mar 18, 9:10 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Well I have done some paperwork decluttering today & feel better for it.

    I am really chuffed at how fast the snow is melting
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • milann
    • By milann 5th Mar 18, 9:13 PM
    • 1,738 Posts
    • 8,106 Thanks
    milann
    Hope the snow goes quickly so you can get out and about. All the white stuff has gone from here and everywhere looks lovely and colourful.
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