Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • debtfreeoneday
    • By debtfreeoneday 9th Jan 15, 1:22 PM
    • 3,096Posts
    • 10,720Thanks
    debtfreeoneday
    Mortgage free by 2023 (!)
    • #1
    • 9th Jan 15, 1:22 PM
    Mortgage free by 2023 (!) 9th Jan 15 at 1:22 PM
    Hello,

    I'm usually found hanging out on the DFW diaries thread as you'll see from my signature we are still tackling debt..

    However, my plan was always to start attacking the mortgage after that, but having just sat down and worked out how much we need to overpay to clear it in time for DH to retire at 65 latest, I think we need to start now!

    I still have to focus on clearing the debt as it's on a slightly higher interest rate, but I don't see any harm in starting to overpay the mortgage a little bit here and there as well. I've found a debt free wannabe diary massively helpful in helping me to focus and curb any unnecessary spending, so here I am!

    I don't expect masses of activity, but every little bit will help!

    We have 14 years left on our mortgage with £118,031.21 left to pay wef today (I just realised I could access this online - will regularly stalk this from now on!) We want it gone by December 2023. We pay £921.60 a month which is effectively my wages - it feels a huge amount as it is, but I know we have to do more.

    Would love some company for the next 9 years!!!
    Last edited by debtfreeoneday; 18-11-2016 at 11:38 AM.
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £75,299.64
Page 110
    • PurpleFairy26
    • By PurpleFairy26 2nd Dec 19, 5:42 PM
    • 3,045 Posts
    • 20,777 Thanks
    PurpleFairy26
    Have a great break and Christmas. Amazing OP and balance.
    • debtfreeoneday
    • By debtfreeoneday 10th Jan 20, 6:17 AM
    • 3,096 Posts
    • 10,720 Thanks
    debtfreeoneday
    I'm back! Lovely time away but focus very much on money and reducing the balance now. I've already OP £223.14 in January and will check the mortgage balance when I can at 7am!!

    Talked a lot about whether we move house when we are away and still no real decisions made, but we will keep an eye on properties and see if anything interesting comes up. In the meantime, we will do a few things to the house (replacing the bathroom floor, touching up paint etc) to put us in the best position if we do decide to up sticks.

    We won again on Premium B0nds when away, another £25, so will OP that soon.

    Also cashed out £27 from pr0filic so that's gone straight to the mortgage today!

    Came back with about £140 of the spending money left, so pleased we didn't go over, had hoped for slightly more, but hey ho. It was a once in a decade type trip!
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £75,299.64
    • CathT
    • By CathT 10th Jan 20, 6:54 AM
    • 6,314 Posts
    • 43,810 Thanks
    CathT
    Your trip sounds fab and coming home with spends is a bonus. The move/stay dilemma is hard isn't it, we went round in circles for years and I talked myself in and out of decisions very quickly. Hope you can do what's best for you but always a good idea to have the house 'ready' (and sometimes this is actually enough to stop you wanting to move).
    Jan 2020 - part 1 - £64,504 part 2 - £41,143
    Total - £105,647 94 months to go!
    • debtfreeoneday
    • By debtfreeoneday 12th Jan 20, 1:53 PM
    • 3,096 Posts
    • 10,720 Thanks
    debtfreeoneday
    What did you do in the end Cath??
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £75,299.64
    • debtfreeoneday
    • By debtfreeoneday 12th Jan 20, 1:58 PM
    • 3,096 Posts
    • 10,720 Thanks
    debtfreeoneday
    Having a debate with the kennels over the bill and the care given whilst we are away. Likely to need a vets trip tomorrow which I’m annoyed about when you pay so much to think they weren’t cared for.

    Mortgage is at £75,522.78. Not sure if the OP has gone off yet.

    Requested £5 amaz0n voucher from ips0s today. Surveys are quite active as well. Now I’m nearly over jet lag hopefully I can focus a lot more on life!

    Need to move banks. Having issues with ours in that the app doesn’t do what I need it to. Any recs for a good one? I think I’ve exhausted all switching bonuses. I need one where the app shows real time balances. Otherwise I get in a right pickle.
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £75,299.64
    • debtfreeoneday
    • By debtfreeoneday 12th Jan 20, 3:33 PM
    • 3,096 Posts
    • 10,720 Thanks
    debtfreeoneday
    Second post! Just realised I had £25 in the OP pot so sent that over to the mortgage. Also trying to save £1 a day so I should have £366 by the end of the year to OP, I'm just rounding down the 'pots' in the account on a weekly basis, currently up to £17 for that.

    Been doing some home ed housekeeping and cancelled one of the subs they have which will save £17 a month, it's a science one and it's been great, but we will rest it now as there is another one we will sign up to when they are a bit older.

    fleabay sales started off well, one item sold and posted, one sold and waiting payment. Did have a silly offer on another but declined that. Lots of stuff that has been on there for ages has been packed up and ready to go to charity. 2020 will be the year I am seriously going to declutter the house. There is just too much 'stuff'!!

    Just renewed house insurance and saved £47 on the renewal price, cashback also tracked at £40 but I'm not hopeful that will be confirmed as I did it first on a comparison site and then went to TCB. It was below £100 anyway so that makes me happy!
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £75,299.64
    • Mortgage Minimiser
    • By Mortgage Minimiser 12th Jan 20, 5:08 PM
    • 210 Posts
    • 922 Thanks
    Mortgage Minimiser
    Hi DFOD

    Just re banks, I am with Nationwide and i love their app. Never had casue to conplain.

    Hope all is ok at the vets

    MM
    xx
    2016 MFW#46 O'Pd- £3641.26; 2017 MFW OP'd £7779.28 ; 2018 MFW OP'd £11,515.16
    MFiT-T4 # 59 - reduce mtg to £195,000; MFit-T5 - reduce mtg to £140,000
    Mortgage at start (01/2/2015) - £243,750. @31/12/15 - £235,906.71. @31/12/16 - £224,120.98. @31/12/17 - £210,224.06. @31/12/18 - £190,821.21
    Mortgage today £174,873.24
    • PurpleFairy26
    • By PurpleFairy26 12th Jan 20, 7:54 PM
    • 3,045 Posts
    • 20,777 Thanks
    PurpleFairy26
    I’m with 1st Direct and the app is really good and shows up to date balances. Only 1 gripe is you have to log on to desktop to op the mortgage but it’s not a biggie as can still do it on phone/tablet. I’m sure you’ll be able to do it on the app at some point.
    • debtfreeoneday
    • By debtfreeoneday 14th Jan 20, 6:46 PM
    • 3,096 Posts
    • 10,720 Thanks
    debtfreeoneday
    Iím with 1st Direct and the app is really good and shows up to date balances. Only 1 gripe is you have to log on to desktop to op the mortgage but itís not a biggie as can still do it on phone/tablet. Iím sure youíll be able to do it on the app at some point.
    Originally posted by PurpleFairy26
    FD were probably the best bank I have been with, thanks PF!
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £75,299.64
    • debtfreeoneday
    • By debtfreeoneday 14th Jan 20, 6:51 PM
    • 3,096 Posts
    • 10,720 Thanks
    debtfreeoneday
    Kennels sorted after an argument about fees so ended up with £27 excess in our account and with some fleabay sales, I've OP £36.49 today and mortgage has updated to £75,299.64.

    Had a parcel go missing whilst we were away so having a debate / dispute with the company and through palpay with them! So annoying!

    Sold 5 things on fleabay which is great that they are going out of the house!

    Saving £1 a day is up to £22, so a little ahead of where I need to be there.

    All in all, a productive few days.
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £75,299.64
    • PurpleFairy26
    • By PurpleFairy26 14th Jan 20, 7:28 PM
    • 3,045 Posts
    • 20,777 Thanks
    PurpleFairy26
    Good news on those sales.
    • Roxie
    • By Roxie 15th Jan 20, 7:25 AM
    • 599 Posts
    • 732 Thanks
    Roxie
    Hello DFOD,

    I've glimpsed through your diary for a while now, and after some serious calculations I am also aiming to be mortgage free by Dec 2023, so if it's OK with you I'll tag along and keep you company on your journey I've just dipped below £60k this month and hoping to clear £15k a year for the next 4 years.
    MFW 2020 No: 33 £400/£5000
    MFW 2019 £5000/£5000
    MFW 2018 £5000/£5000
    MFW 2017 £3500/£3500
    • debtfreeoneday
    • By debtfreeoneday 17th Jan 20, 10:49 AM
    • 3,096 Posts
    • 10,720 Thanks
    debtfreeoneday
    Great to have you along for the ride Roxie!
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £75,299.64
    • debtfreeoneday
    • By debtfreeoneday 17th Jan 20, 10:52 AM
    • 3,096 Posts
    • 10,720 Thanks
    debtfreeoneday
    Still having issues with the bank. OPd 1p yesterday whilst they try to sort out a glitch which means I can’t OP the mortgage from the app. It’s the only payment that doesn’t show and the one I use the most!

    Also had some cashback move to payable so OP £5.48 and daily savings pot up to £24. OPs for Jan stand at £290.22 and mortgage balance updated to 75,238.14.

    Looking forward to a few months council tax payment free so I’ve got some extra pennies to OP.
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £75,299.64
    • PurpleFairy26
    • By PurpleFairy26 17th Jan 20, 3:22 PM
    • 3,045 Posts
    • 20,777 Thanks
    PurpleFairy26
    Thanks for the reminder on the free CT months, completely ,issued those on my spreadsheet. Just juggled the budget
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,317Posts Today

6,404Users online

Martin's Twitter