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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,876Posts
    • 20,231Thanks
    atypicalblonde
    ATB - mortgage freedom by 2020!
    • #1
    • 28th Sep 16, 2:14 PM
    ATB - mortgage freedom by 2020! 28th Sep 16 at 2:14 PM
    Good Afternoon All

    So much has changed since my last diary, I felt now was the right time to start a new one. Linkie to the old one is here http://forums.moneysavingexpert.com/showthread.php?t=5171678 if anyone wants a look-see!

    A little about me for those who haven't 'met' me before. I am married to a fabulous DH, who runs his own business. There are major peaks and troughs to that, some months we are brassic and others we feel quite flush. It is a precarious balance at times, and we have to deal with constant late payers, tax bills etc, but on the whole it is worth it. DH job is very physically demanding though, and he works away all week.

    We have two kiddies - DD is 4 and DS is 2. They are my world

    Our outstanding mortgage as at today's date is bang on £141,900. When I began my old diary at the start of last year it was £171k, so we have done pretty well thusfar However, my income is greatly reduced now as I no longer work - I am officially a home-maker, and that is how it will stay for the foreseeable.

    To clear our mortgage before we are 40 (i.e. 9 years time) is the grand plan. I would ideally like to do it in half that time, but 9 years is do-able and requires monthly OPs of £750.

    I now have a spreadsheet (thank you hiddenshadow) and an obsession with only having 000 at the end of the mortgage (thank you A Frayed Knot!), and most importantly a frugal mind-set. We need to make each penny do the work of 3, whilst remembering to have some fun on the way.

    The first target is to get into the 30s by Christmas... wish me luck, come along for the ride (but make sure you bring tea and biccies!)

    ATB xx
    Last edited by atypicalblonde; 26-05-2017 at 6:50 AM.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
Page 43
    • atypicalblonde
    • By atypicalblonde 10th Jan 18, 6:55 AM
    • 2,876 Posts
    • 20,231 Thanks
    atypicalblonde
    You're on fire this month ATB! How much have you overpaid so far?
    Originally posted by CathT
    Morning Cath, I think around £500? Should log on and add it up. Thanks for your kind words xx

    Morning all,

    £6.96 TT made, which takes us to £113,990. So that's £9k to find to get to our end of March target. In fact, make that £8k, as just over a thousand will be paid off by our standard monthly payments. We can do this, I know we can
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
    • greent
    • By greent 10th Jan 18, 1:15 PM
    • 7,081 Posts
    • 72,152 Thanks
    greent
    £6.96 TT made, which takes us to £113,990. So that's £9k to find to get to our end of March target. In fact, make that £8k, as just over a thousand will be paid off by our standard monthly payments. We can do this, I know we can
    Originally posted by atypicalblonde
    Brilliant, atb!

    We all know you can do it, too!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £1068.37/£4000
    Net sales 2018 £522.39/£1000 PAYDOX18 (#15) £18564.38/£18918.90
    • Jessy103
    • By Jessy103 11th Jan 18, 10:52 AM
    • 525 Posts
    • 2,237 Thanks
    Jessy103
    Without a doubt you can do it ATB but I'll wish you good luck anyway!
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount Jan 2018 - £58,500.00
    Overpayment Target for 2018 - £5,000 /£663.78
    Jan - £369.23 Feb - £294.55
    • Cicatriz
    • By Cicatriz 11th Jan 18, 11:22 AM
    • 44 Posts
    • 146 Thanks
    Cicatriz
    Wishing you best of luck!

    Just one question, is your name atypicalblonde as in Atypical Blonde, or A Typical Blonde? Sorry, it has me wondering each time I see it.
    • shangaijimmy
    • By shangaijimmy 11th Jan 18, 1:34 PM
    • 2,736 Posts
    • 13,597 Thanks
    shangaijimmy
    I bet the answer to that various at several stages of the month...
    MFW: Turning June 2036 into March 2025... 39//120 Payments Challenge, Diary Reduction £42,061.17
    Aug 2009: £163,051 // Current: £93,938.84 // Avg Daily Interest £4.22
    MFiT-T4 #8 - 74.24% of £41,000
    • atypicalblonde
    • By atypicalblonde 13th Jan 18, 12:40 PM
    • 2,876 Posts
    • 20,231 Thanks
    atypicalblonde
    Afternoon all,

    I am typing this from bed having been struck down with the dreaded Norovirus feel utterly grim & worn out, so a day in bed it is. Hoping beyond hope that the rest of the family don't get it.

    About to make a £999 OP which will no doubt lift the spirits

    Once I am well again I need to sit down and assess DH company finances to see if there is wriggle room to take a dividend. If there is, that would be used as the next OP to inch us closer to £110k. Plan is to be there by month end.

    No spend weekend ahead, much needed and always pleasing.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
    • A Frayed Knot
    • By A Frayed Knot 13th Jan 18, 3:56 PM
    • 2,395 Posts
    • 10,731 Thanks
    A Frayed Knot
    I can thank my lucky stars, I didn't get the Norovirus bug - I caught the other one, flu, and only just found out - it goes away then comes back, then told that happens 3 times - I hope my work colleagues were just jesting.

    Hope you feel better soon, they say stay at home for 48 hours.

    Nice o/p - what happened to that little extra £1 ?

    - or was it to even off your balance to 000.00 the AFK way.
    Last edited by A Frayed Knot; 13-01-2018 at 4:00 PM.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • Goldiegirl
    • By Goldiegirl 13th Jan 18, 4:23 PM
    • 8,330 Posts
    • 48,887 Thanks
    Goldiegirl
    Hope you feel better soon ATB, and you, Frayed Knot
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
    • Jessy103
    • By Jessy103 13th Jan 18, 4:25 PM
    • 525 Posts
    • 2,237 Thanks
    Jessy103
    Hope you feel better soon ATB!!
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount Jan 2018 - £58,500.00
    Overpayment Target for 2018 - £5,000 /£663.78
    Jan - £369.23 Feb - £294.55
    • hiddenshadow
    • By hiddenshadow 13th Jan 18, 5:23 PM
    • 2,482 Posts
    • 11,362 Thanks
    hiddenshadow
    Hope you feel better soon!
    MFW: £197,100 (2013) to £99,838 (June '18)
    2018 MFW #56: £4,806/£105,000 4% / MFiT-T4 #15: £59,661/£90,000 66%
    • Watty1
    • By Watty1 14th Jan 18, 9:23 PM
    • 2,992 Posts
    • 21,300 Thanks
    Watty1
    hope you feel better soon.
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaid next mortgage. £79,491 down to £27152
    Changing focus for now
    • themadvix
    • By themadvix 15th Jan 18, 9:13 AM
    • 1,717 Posts
    • 10,036 Thanks
    themadvix
    Hope you're feeling more yourself today ATB x
    OPs 2018 = £2090
    Moving savings = £636.46
    OPs 2017 = £3103
    Starting balance 2012: £132000; balance Jun 2018: £92,000
    MFW2018 no. 38
    • CathT
    • By CathT 15th Jan 18, 6:25 PM
    • 5,589 Posts
    • 39,026 Thanks
    CathT
    Feel better soon ATB, never known the mfw!!!8217;s to be so poorly.
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • A Frayed Knot
    • By A Frayed Knot 15th Jan 18, 8:32 PM
    • 2,395 Posts
    • 10,731 Thanks
    A Frayed Knot
    Hope you feel better soon ATB, and you, Frayed Knot
    Originally posted by Goldiegirl

    Thank you - didn't get the worst of it - well, lets say I wasn't hospitalised
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • greent
    • By greent 19th Jan 18, 6:06 PM
    • 7,081 Posts
    • 72,152 Thanks
    greent
    Hope you're feeling better and up and about again soon, atb xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £1068.37/£4000
    Net sales 2018 £522.39/£1000 PAYDOX18 (#15) £18564.38/£18918.90
    • atypicalblonde
    • By atypicalblonde 27th Jan 18, 5:22 PM
    • 2,876 Posts
    • 20,231 Thanks
    atypicalblonde
    Oops, it's been a while!

    Thanks for the well wishes thankfully, the bug was only a 24 hour thing, but it did knock me sideways a bit. Life has been hectic as usual, I don't know where the time is slipping to!

    Right, the finances. I have been TTing daily, current balance is £113,800. We have £4.5k stashed ready to OP, however for various reasons to do with DH business which I won't bore you with (mainly tax!) we are going to keep adding to that pot and make a lump OP mid-March. Daily TTs will continue to inch the balance down.

    We could have a further £1k in the pot however have been doing up DDs room new bed, radiator, carpet, curtains etc - it will all be finished on Monday. She'll be so happy and we've not touched her room since we moved in so it was needed!

    I have just listed 5 things on eBay. Also have £50 cash to pay in on Monday, which I may decide to OP immediately- lets see what mood I'm in

    I'm being paid a £500 bonus at the end of Feb which will also go straight into the pot. DH has been working lots of weekends (his day rate is much higher for weekends) so that should set us up well for a February dividend.

    I think that's it! Spring is edging ever closer which makes me so happy, I wasn't made to live in a gloomy country.

    I'll try and check in more often
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 28th Jan 18, 9:08 AM
    • 2,876 Posts
    • 20,231 Thanks
    atypicalblonde
    Just made an £81 OP from spare housekeeping funds
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
    • atypicalblonde
    • By atypicalblonde 30th Jan 18, 2:23 PM
    • 2,876 Posts
    • 20,231 Thanks
    atypicalblonde
    Quick update from me, now have 15 things listed on eBay and all of them have bids

    There is more to list but I will do that this Sunday whilst DH is at work. It's my diary anniversary soon, 3 years since we started on this journey, be prepared for some rambling

    Oh, and I've just OPd £800
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
    • Goldiegirl
    • By Goldiegirl 30th Jan 18, 5:00 PM
    • 8,330 Posts
    • 48,887 Thanks
    Goldiegirl
    Looks like things are going along very nicely.

    Time goes quick when you have a diary. I think my fourth anniversary comes up in April. One day I intend re-reading my diary from the beginning, unless MSE delete it!
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
    • A Frayed Knot
    • By A Frayed Knot 30th Jan 18, 7:48 PM
    • 2,395 Posts
    • 10,731 Thanks
    A Frayed Knot
    Quick update from me, now have 15 things listed on eBay and all of them have bids
    Oh, and I've just OPd £800
    Originally posted by atypicalblonde

    Great fun watching that 1st bid go in, so you know it will sell and if they all pay at the same time - you have 15 things to parcel and post just thinking ahead.


    Nice overpayment Well done.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 18 months 6/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

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