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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,876Posts
    • 20,232Thanks
    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 45
    • themadvix
    • By themadvix 13th Feb 18, 9:16 AM
    • 1,717 Posts
    • 10,036 Thanks
    themadvix
    Oh, hope you're feeling better soon, make sure you see the Dr if you need to!
    OPs 2018 = £2090
    Moving savings = £636.46
    OPs 2017 = £3103
    Starting balance 2012: £132000; balance Jun 2018: £92,000
    MFW2018 no. 38
    • atypicalblonde
    • By atypicalblonde 14th Feb 18, 3:42 PM
    • 2,876 Posts
    • 20,232 Thanks
    atypicalblonde
    Suffering from a major lack of enthusiasm for MFW stuff at the moment . I think (by think I mean know) it's a combination of the rubbish weather we are having, this irritating eye infection and the current account looking depleted. Have had various (unavoidable) spends over the past few days which mean funds are low this month. Getting to £105k seems like an impossible target at the moment, let alone being MF

    Shall plough on regardless - the biggest motivation for getting to £105k being that if we achieve that magic number by the end of March in time for our broker to secure us a new deal, going on what the Halifax currently have to offer our payments will be £150 per month lower than they currently are in reality that money will be OPd immediately, but it's nice to know it frees up space in the household budget should we need it.

    The talk on the news about council tax going up makes me - we already pay £165 per month, and that's over 12 months! I don't fancy an increase thanks!

    Sorry for such a downbeat post
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
    • shangaijimmy
    • By shangaijimmy 14th Feb 18, 9:03 PM
    • 2,736 Posts
    • 13,597 Thanks
    shangaijimmy
    Council tax horrifies me as well, particluarly as services and proviisons seem to be reducing! I to am suffering from motivation deficit and its only my morning TT's that is keeping me on track. Still when we both get our motivation surge we'll be on fire!!
    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 18th Feb 18, 8:09 AM
    • 2,876 Posts
    • 20,232 Thanks
    atypicalblonde
    Made a decent TT of £5.66 yesterday to round off our current account to an even number. My bonus is being paid this week so as soon as that clears I will be sending £450 off to the mortgage.

    Today's priorities are entertaining the children whilst doing DH VAT return that should be interesting! Yet more money to go the tax man no doubt, doesn't he know I have OPs to make!

    I have just watered the milk down to make it last the day (very Old Style) and dinner has been dug out of the freezer. Food spends are currently at £101.25 for the month, so over my £60 target by some way, but with only 10 days left I hope to keep it below £125 which, for a family of 4 with a dog, I would be happy with.
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
    • woodfired
    • By woodfired 18th Feb 18, 11:15 AM
    • 36 Posts
    • 81 Thanks
    woodfired
    Love your diary ATB, keep going with the OPs, you will get there!
    I hate it when the accounts look low, it isn't good for motivation but just look how far you have come!

    I too have a VAT return due and i'm with you on hating them, a thankless task, you spend hours organising invoices then have a bill to pay for your efforts

    Keep up the good work.x
    • CathT
    • By CathT 18th Feb 18, 12:41 PM
    • 5,590 Posts
    • 39,027 Thanks
    CathT
    I don't know how much our c/tax is increasing by, I should probably find out.

    How's the eye?
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • Watty1
    • By Watty1 19th Feb 18, 8:49 AM
    • 2,992 Posts
    • 21,300 Thanks
    Watty1
    somehow I had missed the council tax increases depressing news...and as I've just had the corporation tax bill for the company and done the VAT return I think I shall hide under the duvet! Somedays I feel I work to pay the taxes! Which is silly I know ... but all these taxes do add up to a tidy sum. (Am now reminding myself to be grateful I earn sufficent to both incur them and pay them .....)
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaid next mortgage. £79,491 down to £27152
    Changing focus for now
    • atypicalblonde
    • By atypicalblonde 19th Feb 18, 9:34 AM
    • 2,876 Posts
    • 20,232 Thanks
    atypicalblonde
    The eye is much better, thanks to a wondrous invention of a wheat bag eye mask! Much for effective than drops, even though I was very sceptical at first.

    Been up since 5.45 with DS so lots of housework and general admin has been done. £12.95 of ebay sales over the weekend which has just been OPd.

    Watty - I completely agree. We pay thousands in tax each month across a combination of PAYE/NI for the employees, corp tax, self assessment and VAT. It never seems to end, my HMRC dashboard is always asking for money. And people think because DH has his own business we are wealthy!

    Bit of a spendy day ahead as we need to renew DH passport. At least it's getting done before the prices increase.
    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 20th Feb 18, 8:34 AM
    • 2,876 Posts
    • 20,232 Thanks
    atypicalblonde
    Morning all,

    Well the passport renewal never happened yesterday so that has been bumped to today. I am childfree for a couple of hours this morning (it's our half term) as kiddies at grandparents, so I have already power walked the dog and am shortly heading out to get my nails done

    OP of £70.79 (random amount!) made. If all of DH customers pay up next week when they are due to (and it's a big if, some have been spectacularly slow recently) he will take a dividend and we will make a £3k OP next Friday. Fingers firmly crossed!

    In non-MFW news, I have been steadily losing weight since New Year and am now 20lb lighter than I was on the 1st of Jan Ideally I want to lose another 20lb which would take me down to what I weighed before I had the children, low carbing has worked for me so far and, whilst it is certainly a more expensive way to eat, it is far healthier and I love that my body isn't eating anything at all processed now.
    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 3rd Mar 18, 7:46 AM
    • 2,876 Posts
    • 20,232 Thanks
    atypicalblonde
    Where have the past ten days gone?!

    We have had absolutely loads of snow here, and as a consequence both children have been at home with me since Wednesday. I love them to the ends of the earth but trying to get anything done with them here is a near on impossible task!

    Have been continuing to make OPs, having to hold off making the biggie as the customer who we are expecting the money from has not been in work this week due to the weather, but has assured us they will be in on Monday and the money will be transferred then.

    Have checked on the Halifax website and the 2 year fix that we are hoping to secure is still the same - two years at 1.99%. As we can secure this three months ahead of time, if the deal is still there at the end of March we can ask our broker to go ahead and prepare everything for the fix our monthly payments will be £450 as opposed to £606 - we will of course OP the difference, but it will still be nice to know our standard payment is "only" £450 in case we have a tricky month.

    I have been a bit of a grump this week - evening TV is full of programmes wittering on about the snow! Get a grip and get on with it people. I was very annoyed the kids school was shut - all the main roads round here are totally clear, and all the side roads had been gritted too. For working parents it really is a pain.

    On another note - I got the invigilation job I have already done my training, and start officially at the end of April

    We have declared a spending embargo for March as February was sooo spendy and I am keeping a written diary of everything we are spending. On track for a No Spend Weekend which is always fab.

    OP just made of £97 too - keep on keeping on folks
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
    • CathT
    • By CathT 3rd Mar 18, 9:23 AM
    • 5,590 Posts
    • 39,027 Thanks
    CathT
    That is great weight loss. I need to get back in the zone as we go on holiday in 10 weeks. Have you still been able to drink wine???

    Hope the late customer pays up soon, I know chasing unpaid invoices has been a big stress for you in the past.

    I!!!8217;m hopeful when we come to remortgage in September that there are still some good rates about. We have two parts now 2.49% and 2.99% so feel like we are getting a rough deal!
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • michelle09
    • By michelle09 3rd Mar 18, 9:48 AM
    • 786 Posts
    • 4,367 Thanks
    michelle09
    Sounds like a great fix - is there a maximum OP amount on that?

    Hehe, OH is the same. As soon as the news comes on he gets tetchy because he complains about the snow stories.

    Well done on the OPs.
    • atypicalblonde
    • By atypicalblonde 8th Mar 18, 11:05 AM
    • 2,876 Posts
    • 20,232 Thanks
    atypicalblonde
    Five days without posting, bad diarist!

    Well another day, another snow day here! We thought we had seem the end of it, but our little corner of Yorkshire has had another huge dump overnight. It is, however, thawing already and promises to be a balmy 6 degrees by later on!

    My last signature update was exactly one month ago. I am delighted to report that our mortgage today stands at £105,800 with another £450 sat in the bank waiting to be OPd, so meeting our end of March target of £105k is just a formality now once the end of month standard payment is taken The customer paid up, we took a dividend and OPd it straight away

    No divis for a good while now, so will be relying on the usual OPing methods - TTs, ebaying, grocery challenges etc.

    The next mini target (said with a huge dollop of irony, as it represents a very big milestone), is to be in five figures by the end of June (bold and underlined for my benefit so I can remind myself of it easily )
    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 8th Mar 18, 5:02 PM
    • 2,876 Posts
    • 20,232 Thanks
    atypicalblonde
    Well we have gone from snow to glorious sunshine and not a patch of the white stuff in sight - I really hope that's the last of it now!

    I was going to pull together a few ebay bits but have decided I really cannot be bothered. I would get around £15 from the stuff - I am going to do some very creative meal planning instead, and shave £15 off the week's grocery budget and OP the money that way instead.
    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 9th Mar 18, 6:55 AM
    • 2,876 Posts
    • 20,232 Thanks
    atypicalblonde
    £5.80 TT made this morning
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
    • shangaijimmy
    • By shangaijimmy 9th Mar 18, 7:02 AM
    • 2,736 Posts
    • 13,597 Thanks
    shangaijimmy
    Ooh thats a good TT. And i was excited about my 97p!
    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
    • gallygirl
    • By gallygirl 9th Mar 18, 7:46 AM
    • 16,606 Posts
    • 109,663 Thanks
    gallygirl
    £5.80 TT made this morning
    Originally posted by atypicalblonde
    That's not a TT, that's an overpayment .
    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"
    • atypicalblonde
    • By atypicalblonde 10th Mar 18, 7:08 AM
    • 2,876 Posts
    • 20,232 Thanks
    atypicalblonde
    £90 OP made to kick off the weekend.

    Hoping for a low spend weekend although we do need to get some fuel. Iíve instructed DH that I really donít want a gift for Motherís Day - breakfasts in bed and a lie in will do for me!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
    • EatingTheElephant
    • By EatingTheElephant 10th Mar 18, 8:07 AM
    • 1,300 Posts
    • 7,109 Thanks
    EatingTheElephant
    Amazing OPs ATB, you really are going for it this year.

    Congratulations on the job
    • CathT
    • By CathT 11th Mar 18, 8:39 AM
    • 5,590 Posts
    • 39,027 Thanks
    CathT
    I know I should 3bay more but I get more satisfaction from decluttering than the small amount of money I might make.
    Great idea to shave off another budget and still make an overpayment though.
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
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