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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,947Posts
    • 21,119Thanks
    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 46
    • atypicalblonde
    • By atypicalblonde 12th Mar 18, 12:52 PM
    • 2,947 Posts
    • 21,119 Thanks
    atypicalblonde
    Mothers Day was so lovely. I was very insistent that I didn't want any silly overpriced flowers or meals out, just a lie in, brekkie in bed and a lovely card - all of which I got

    It is pouring with rain here today, so lots of indoor jobs to be getting on with. In money news, I have just made an OP of 250 - any more OPs this month will just be TTs sadly, but we have paid off over 4k in the past month so I am mightily happy with that.

    A couple of rubbishy life things rumbling along in the background which I am really trying not to stress about. The phrase "this too shall pass" is on a bit of a loop in my head!
    MFW
    Mortgage 8.2.15 - 171,064.64 Mortgage 1.5.2018 - 99,980.45
    Aiming to be MF 1.10.2020
    • themadvix
    • By themadvix 13th Mar 18, 11:33 AM
    • 1,921 Posts
    • 11,090 Thanks
    themadvix
    You should be happy about 4k in a month! I'd be if I'd managed that

    Hope rubbishy things sort themselves out soon.
    OPs 2018 = 2090
    Moving savings = 3085
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jul 2018: 91,552
    MFW2018 no. 38
    • atypicalblonde
    • By atypicalblonde 14th Mar 18, 1:09 PM
    • 2,947 Posts
    • 21,119 Thanks
    atypicalblonde
    Just made an OP of 143.20, which means if we can find 201 we will be under 105k Once I have found that I really must put the brakes on OPing - must remember we need money to live off as well!

    As we are inching closer to five figures, I feel a renewed vigour for our journey. What I am also finding is that the time really is slipping by so quickly; this reinforces just how important it is to make plans, because without them we can end up spending months pondering and not actually achieving anything.

    I've just realised whilst typing that I will be paid for my invigilation training within the next few days, so will OP that once it arrives
    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 Mar 18, 4:36 PM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    I totally understand your thoughts on renewed vigour when you hit 5 figures. For me the big driver is that when we knock a digit off for each 1k, its actually the front digit that changes!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction 44,136.86
    Aug 2009: 163,051 // Current: 91,863.15 // Avg Daily Interest 4.13
    MFiT-T4 #8 - 80.74% of 41,000
    • CathT
    • By CathT 14th Mar 18, 5:39 PM
    • 5,714 Posts
    • 39,917 Thanks
    CathT
    I also love being able to knock !!!8216;another month!!!8217; off my end date. Once you hit 5 figures you will see such a difference.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • themadvix
    • By themadvix 15th Mar 18, 9:30 AM
    • 1,921 Posts
    • 11,090 Thanks
    themadvix
    It definitely seems to go much quicker once you're under 100k You're so close now!
    OPs 2018 = 2090
    Moving savings = 3085
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jul 2018: 91,552
    MFW2018 no. 38
    • atypicalblonde
    • By atypicalblonde 20th Mar 18, 9:18 PM
    • 2,947 Posts
    • 21,119 Thanks
    atypicalblonde
    Evening all

    Delighted to report we are under 105k current balance 104,999. So weve met our end of March target, now for the end of June five figures target, exciting times!
    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 20th Mar 18, 10:12 PM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    Excellent news - well done - worth all the MSE days

    and while I'm on the booze . . . . . .
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • shangaijimmy
    • By shangaijimmy 21st Mar 18, 7:26 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Another k done. Congratulations.
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction 44,136.86
    Aug 2009: 163,051 // Current: 91,863.15 // Avg Daily Interest 4.13
    MFiT-T4 #8 - 80.74% of 41,000
    • themadvix
    • By themadvix 21st Mar 18, 2:36 PM
    • 1,921 Posts
    • 11,090 Thanks
    themadvix
    Yay! Well done! So close to five figures now!
    OPs 2018 = 2090
    Moving savings = 3085
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jul 2018: 91,552
    MFW2018 no. 38
    • atypicalblonde
    • By atypicalblonde 21st Mar 18, 5:33 PM
    • 2,947 Posts
    • 21,119 Thanks
    atypicalblonde
    Made a rather random OP of 20.33 today, which was partly a current account tidy.

    Have two big things happening next week which I will be very pleased to get out of the way, which will free up headspace to make some major inroads in mortgage. One to do with DH business, the other to do with the house. They have been wearing me out and I have been a bit down in the dumps to be honest.

    Not helped by DH working away a lot, but at least him working means money coming in!


    Listed a couple of bits on eBay this morning on buy it now and some already have watchers which is good. I have done my first two days invigilator work went well and that is money in the pot when I get paid in April.

    TTs will be all we can manage now until we get next week out of the way, better than nowt though!
    MFW
    Mortgage 8.2.15 - 171,064.64 Mortgage 1.5.2018 - 99,980.45
    Aiming to be MF 1.10.2020
    • hiddenshadow
    • By hiddenshadow 21st Mar 18, 7:40 PM
    • 2,488 Posts
    • 11,430 Thanks
    hiddenshadow
    Evening all

    Delighted to report we are under 105k current balance 104,999. So weve met our end of March target, now for the end of June five figures target, exciting times!
    Originally posted by atypicalblonde
    Very nice! We're on track for 5 figures in June as well.
    MFW: 197,100 (2013) to 98,229 (Aug '18)
    2018 MFW #56: 4,806/105,000 4% / MFiT-T4 #15: 59,661/90,000 66%
    • A Frayed Knot
    • By A Frayed Knot 21st Mar 18, 7:41 PM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    Random is good, so well done you.

    Once we all (speaking for myself) get March out of the way, everyone will be a lot happier (I hope).

    Well done on the ebay, I am getting ready to de-list my listings and off on Friday and don't want to be visiting RM on the way to airport.

    Everyone (speaking for myself, again) seems a little down - been a long month.

    Basically your on your own, with 2 kids, a part time job, DH's business and the house, not to mention the dog, cat, budgie, goldfish and 2 white elephants, phew, no wonder your exhausted try not to be downhearted, its a lot for anyone to take on
    Last edited by A Frayed Knot; 22-03-2018 at 5:24 PM.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • atypicalblonde
    • By atypicalblonde 22nd Mar 18, 12:26 PM
    • 2,947 Posts
    • 21,119 Thanks
    atypicalblonde
    Thanks AFK for your kind words.

    I have just worked out that to get to our end of June target we need to OP 36.53 every day, guess what I am off to do

    Edited to add: Just made an OP of 37 I also sold an ebay item for the princely sum of 99p, the mortgage will be gone in no time at this rate!

    I have managed to get two loads of washing line dried today, which is always a sure sign that Spring is here. The children break up next Thursday for Easter, and we have a few days away booked which will be lovely. DD will also go to my mums for a few days of fun with grandma!
    Last edited by atypicalblonde; 22-03-2018 at 2:04 PM.
    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 23rd Mar 18, 1:11 PM
    • 2,947 Posts
    • 21,119 Thanks
    atypicalblonde
    Afternoon All,

    Two ebay sales overnight to report, so I have just OPd the 15 made from those, and also 41 "spare" money from the current account. I have a got a huge pile of things to ebay, but am severely lacking in motivation! Maybe a job for Sunday - just two things on there at the moment, both on Buy it Nows.

    Our mortgage broker has secured us our next (and fingers crossed final ) mortgage deal - 1.99% fixed for 2 years our current rate is 2.39%, so this is great news.

    The children break up on Wednesday (DS) and Thursday (DD) next week for the two week Easter break, I am looking forward to not having to rush around every morning, although less so to the constant requests for snacks/drinks/games/TV

    Once the first part of next week is out of the way, I will have a clearer idea of exactly where our finances are at and, more importantly, if I can bring forward getting to five figures by the end of May - much preferable to the end of June

    Dinner tonight is beef shin - never had this before so must google recipes shortly. It is sunny today but verrry windy and so I have cleaned and laid the fire ready to light later.

    ETA - Also just OPd 72p that was sat in an old ISA
    Last edited by atypicalblonde; 23-03-2018 at 1:24 PM.
    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 12th Apr 18, 5:50 PM
    • 2,947 Posts
    • 21,119 Thanks
    atypicalblonde
    Oooh it's been a while since I've posted! Naughty ATB!

    Kiddies coming to the end of the Easter holidays. We had a lovely few days away in France - wall to wall sunshine, lots of fun had by all and we kept spends low

    I have totally given up on ebaying - decided I really can't be bothered with it anymore. Gave a huge bagful of outgrown kids clothes and shoes to a friend for her girls the other day and she was so grateful

    The Halifax have messed up and incorrectly applied a 1k product fee to our account as part of our rate switch, even though the deal we opted for was fee-free They say they are in the process of refunding it, but unsurprisingly are taking their sweet time in doing so. Will check again tomorrow, really hope it has been refunded.

    The really great news is that we will be under 100k by the end of May, one month ahead of target I am super relieved because:

    a) It will be psychologically a HUGE boost for us; and
    b) That will have meant we have exhausted our OP allowance for the year, so all money after that will be stashed in savings, rather than OPd.

    We have OPd over 10k so far this year, which has required us ploughing every penny into the mortgage - great, but scary. As promised I haven't wobbled, but it will be nice to start building the pot back up at the end of May.

    DH work is steady - not manic rushed, but he is working each day which is 250 plus VAT a day that we do need at the moment! He also has some weekend work coming up which is charged at a higher day rate.

    Speaking of DH, he is cooking a huge curry for dinner as I type I am 30lbs lighter than I was at the start of this year, and eating earlier in the evening is definitely helping with that. I have dropped two dress sizes, but luckily have found some great clothes in the local charity shop so the cost of replacing them hasn't been huge! Also, given all my size 14s to a friend who is that size and she is super happy, win win
    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 12th Apr 18, 8:38 PM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Fantastic inspiring progress in here (as expected!)!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction 44,136.86
    Aug 2009: 163,051 // Current: 91,863.15 // Avg Daily Interest 4.13
    MFiT-T4 #8 - 80.74% of 41,000
    • themadvix
    • By themadvix 13th Apr 18, 11:37 AM
    • 1,921 Posts
    • 11,090 Thanks
    themadvix
    That's an amazing OP amount ATB! What Jimmy said!
    OPs 2018 = 2090
    Moving savings = 3085
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jul 2018: 91,552
    MFW2018 no. 38
    • A Frayed Knot
    • By A Frayed Knot 13th Apr 18, 8:29 PM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    b) . . . . . meant we have exhausted our OP allowance for the year, so all money after that will be stashed in savings, rather than OPd.

    . . . . but it will be nice to start building the pot back up at the end of May.

    I am 30lbs lighter than I was at the start of this year,
    Originally posted by atypicalblonde
    Wow - ATB does it again - Fantastic - well done

    Afternoon All,
    Our mortgage broker has secured us our next (and fingers crossed final ) mortgage deal - 1.99% fixed for 2 years our current rate is 2.39%, so this is great news.
    Originally posted by atypicalblonde
    When does your new deal start, and do you really want to build up you o/p pot again or would you rather o/p?

    Just asking as, when I entered a new deal, I was allowed 10% o/p's till old deal ended, then 10% from start of new deal in the same year Just thought I would mention that.

    How on earth do you do it
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • shangaijimmy
    • By shangaijimmy 14th Apr 18, 8:57 PM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Final mortgage deal...what a great feeling.
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction 44,136.86
    Aug 2009: 163,051 // Current: 91,863.15 // Avg Daily Interest 4.13
    MFiT-T4 #8 - 80.74% of 41,000
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