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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 2,946Posts
    • 21,111Thanks
    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 47
    • EatingTheElephant
    • By EatingTheElephant 15th Apr 18, 8:03 AM
    • 1,336 Posts
    • 7,271 Thanks
    EatingTheElephant
    Well done, fantastic progress all round
    • atypicalblonde
    • By atypicalblonde 17th Apr 18, 11:07 AM
    • 2,946 Posts
    • 21,111 Thanks
    atypicalblonde

    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.
    Originally posted by A Frayed Knot
    Thanks for this AFK, I will ask the question. They STILL haven't refunded the incorrectly charged product fee I will keep chasing; I know they will do it eventually, it's just highly annoying.

    Just made an OP of 300 to keep us on track. I have written down in my mortgage notebook exactly what we need to OP each day in April (and where said funds are coming from) to get us to the magic five figures.

    Our fridge and freezer and fully stocked so we won't need any huge grocery spends this month
    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 17th Apr 18, 4:27 PM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Have you started planning your sub 100k celebration yet?
    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
    • atypicalblonde
    • By atypicalblonde 17th Apr 18, 5:40 PM
    • 2,946 Posts
    • 21,111 Thanks
    atypicalblonde
    Have you started planning your sub 100k celebration yet?
    Originally posted by shangaijimmy
    Yes - a bottle of Taittinger, a rib eye steak and a massage! (just realised that sounds dodgy ) - the latter to be enjoyed separately!
    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 18th Apr 18, 4:02 PM
    • 2,946 Posts
    • 21,111 Thanks
    atypicalblonde
    The sun has been inspiring today, got loads done and feel full of a renewed positivity. I have absolutely loads I need to get done tomorrow, and because I am out for a large chunk of the day a list is needed!

    Right here goes:

    - Dog walk early doors before DH goes to walk
    - Kiddies to breakfast club at 7.30 (and pay breakfast club)
    - Take relative to appointment
    - Walk dog again
    - Chase up DHs unpaid invoices
    - Pay DH tax bill
    - List 5 things on fleabay (I know I said I wasn't going to bother anymore but have identified a few bits that can go so must make the effort)
    - Make an OP of at least 1k
    - Chase up the Halifax for the product fee refund
    - Nip to the local charity shop to pick up some summer clothes in my size!

    OP made of 60 earlier
    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 19th Apr 18, 4:15 PM
    • 2,946 Posts
    • 21,111 Thanks
    atypicalblonde

    - Dog walk early doors before DH goes to walk DONE
    - Kiddies to breakfast club at 7.30 (and pay breakfast club) DONE
    - Take relative to appointment DONE
    - Walk dog again DONE
    - Chase up DHs unpaid invoices DONE
    - Pay DH tax bill Not done
    - List 5 things on fleabay (I know I said I wasn't going to bother anymore but have identified a few bits that can go so must make the effort) Not done
    - Make an OP of at least 1k DONE, 1.4K OP MADE
    - Chase up the Halifax for the product fee refund Nice chap assures me it is in the process of being done
    - Nip to the local charity shop to pick up some summer clothes in my size! NOT DONE
    Originally posted by atypicalblonde
    I'll take that for today! Also managed a NSD. Tomorrow has been earmarked for ebay listing, and chasing up Halifax again if it's still not refunded!

    DH on his way home from work and we are having pork belly, my absolute favourite, for dinner with little roast potatoes and roasted veg, bliss. I hope everyone is enjoying the sun xx
    Last edited by atypicalblonde; 19-04-2018 at 4:18 PM.
    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 19th Apr 18, 5:40 PM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    A successful day all round, and still time to tick a few things off the list....!
    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
    • atypicalblonde
    • By atypicalblonde 25th Apr 18, 3:38 PM
    • 2,946 Posts
    • 21,111 Thanks
    atypicalblonde
    Have been absent for a few days due to some not so nice happenings in real life They rumble on, but I have still done some MF bits.

    The product fee has been refunded and we have had written confirmation that our new rate kicks in from 1st May. I do need to send the Halifax a letter querying if our 10% OP limit essentially "re-starts" as we are on a new deal - will add that to tomorrow's list.

    Have made an OP of 160 - 100 from the housekeeping pot, and I made 56 of ebay sales yesterday so have rounded that up to 60. Have another 6 items listed on there, all on reasonable buy it now prices, and would net another 50 approx if they all sold. Fingers crossed!

    I am in a slight quandry this week I must confess. We owe HMRC 1k for PAYE/NI, but if we pay them a week or so late we could have a dividend and get into five figures by the end of April (rather than June, which was my target). They don't charge interest on late payment of PAYE, just send the odd shirty letter

    Decisions decisions!
    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 26th Apr 18, 10:01 AM
    • 2,946 Posts
    • 21,111 Thanks
    atypicalblonde
    Another overnight ebay sale and a TT of the account means a 19.34 OP has just been made.

    I have earmarked some other bits to list on fleabay which is this afternoon's job after a much needed haircut!
    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 26th Apr 18, 7:50 PM
    • 2,473 Posts
    • 10,939 Thanks
    A Frayed Knot
    Have been absent for a few days due to some not so nice happenings in real life They rumble on, but I have still done some MF bits.



    The product fee has been refunded and we have had written confirmation that our new rate kicks in from 1st May. I do need to send the Halifax a letter querying if our 10% OP limit essentially "re-starts" as we are on a new deal - will add that to tomorrow's list.


    I was given this info when I went into branch for re-mortgage, maybe a phone call would suffix.

    Have made an OP of 160 - 100 from the housekeeping pot, and I made 56 of ebay sales yesterday so have rounded that up to 60. Have another 6 items listed on there, all on reasonable buy it now prices, and would net another 50 approx if they all sold. Fingers crossed!




    I am in a slight quandry this week I must confess. We owe HMRC 1k for PAYE/NI, but if we pay them a week or so late we could have a dividend and get into five figures by the end of April (rather than June, which was my target). They don't charge interest on late payment of PAYE, just send the odd shirty letter

    Decisions decisions!
    Originally posted by atypicalblonde

    I feel your pain, also have a quandary similar to that. Shirty letters can be binned I mean . . . recycled - it's not as if you can't pay, just means . . . later.
    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 27th Apr 18, 3:57 PM
    • 2,946 Posts
    • 21,111 Thanks
    atypicalblonde
    Thanks AFK. Every time I call the Halifax they are clueless and I get all bothered with them, so have sent a letter asking for confirmation instead.

    Afternoon all

    Raining cats n dogs here. I am looking after my friends boys overnight, so 4 kids under 6 in my charge tonight. Is it wine time yet?!

    Another item sold on eBay, so 12 just OPd.

    I have a plan. It's a back-of-a-fag-packet plan, but a plan nonetheless, whereby we will be in five figures by this time next week

    I'll love you and leave you all in suspense until this time next week...
    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 29th Apr 18, 1:29 PM
    • 1,921 Posts
    • 11,087 Thanks
    themadvix
    Exciting stuff!
    OPs 2018 = 2090
    Moving savings = 3085
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jul 2018: 91,552
    MFW2018 no. 38
    • CathT
    • By CathT 29th Apr 18, 8:55 PM
    • 5,713 Posts
    • 39,915 Thanks
    CathT
    Back of the fag packet plan sounds promising. Sorry to hear about the RL stresses.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • shangaijimmy
    • By shangaijimmy 29th Apr 18, 9:06 PM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Ah the famous fag packet... The starting point of all masterplans!!
    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
    • atypicalblonde
    • By atypicalblonde 1st May 18, 3:53 PM
    • 2,946 Posts
    • 21,111 Thanks
    atypicalblonde
    Good Afternoon all

    An absolutely chuffed-to-blinking-bits ATB checking in to report that
    WE ARE IN FIVE FIGURES

    For those interested:

    - Balance as at 1.1.18 - 114,630.20
    - Balance as at 1.5.18 - 99,980.45
    - Total paid off in 2018 so far: 14,649.75

    We are absolutely delighted, and have stuck to our "we will not wobble mantra" (and believe me, I have been wobbly these past few days!)

    Our original goal for this year was to be at 90k by year end. This is still very much the plan, and I have written to the Halifax asking them to clarify if our 10% OP allowance has restarted as a consequence of us moving on to a new fixed rate deal.

    TTs and ebay will be the main source of OPs for now. I want to keep our savings at a decent level, so more money will be channelled into those for a while.

    Phew, I am on an emotional rollercoaster. Some pretty rubbishy things happening in RL, which only time can resolve, which feels strange against the euphoric high for getting into five figures.

    In the meantime, I will maintain focus and keep thinking of the positives. As I wisely heard yesterday - "don't complain. Either accept, change or leave the situation. All other paths lead to madness"
    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 1st May 18, 4:09 PM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Treat yourselves and celebrate. Its a significant milestone, but make sure you celebrate it quickly as i know your attention will already be turning to the sub 90k potential dates!!
    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 1st May 18, 5:41 PM
    • 5,713 Posts
    • 39,915 Thanks
    CathT
    Wowsers, seriously impressive overpayments this year.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • therocket
    • By therocket 1st May 18, 5:44 PM
    • 48 Posts
    • 186 Thanks
    therocket
    That's awesome! A great achievement, congratulations!
    MFW - diary incoming!
    • atypicalblonde
    • By atypicalblonde 2nd May 18, 7:41 AM
    • 2,946 Posts
    • 21,111 Thanks
    atypicalblonde
    Thanks guys

    45p OPd to tidy up the mortgage balance I would like to make 80 on eBay in the next fortnight, that's the next goal x
    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 2nd May 18, 7:58 AM
    • 2,488 Posts
    • 11,430 Thanks
    hiddenshadow
    Congrats on 5 figures! (So much for my plan to race you to that milestone )
    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%
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