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  • FIRST POST
    • MissLemon
    • By MissLemon 24th Jun 17, 8:10 AM
    • 73Posts
    • 426Thanks
    MissLemon
    Taking Control and Making It Happen
    • #1
    • 24th Jun 17, 8:10 AM
    Taking Control and Making It Happen 24th Jun 17 at 8:10 AM
    I've been a bit of a lurker on these forums but now I'm getting serious as my light bulb moment happened this week!

    My household is me, my OH and our pooch. For the last 3 years we have been planning to move to Wales. The plan all depended on OH getting a transfer with his work and me finding work once we moved, so we have been saving up to cover my salary for the first 3 months, moving costs, solicitors costs etc.

    At the beginning of the year OH put in for a transfer and since then we've been in a bit of limbo as there's just not any openings for him to transfer to at the moment.

    And then this week it hit me. If we could move as cash buyers, without the need of a mortgage, we wouldn't need to wait for a transfer to happen!

    So this is the start of our mortgage free journey. The transfer still might come through at any point but I now feel a bit more in control instead of having to wait for someone else's decision.

    To start our MF journey today I am going to the bank to find out our exact balance and then I can work out our MF date.

    It feels a bit wrong to be this excited about a bank visit....
Page 3
    • A Frayed Knot
    • By A Frayed Knot 31st Jul 17, 11:00 PM
    • 2,365 Posts
    • 10,547 Thanks
    A Frayed Knot
    First ~ apologies,

    I posted on your new diary, then left. Lots going on here, and have just caught up with your postings, especially the knot(ty) ones = .00

    Nice to see, someone else thinks it's useful. as you know all these oddies add up over time, and the bonus of not paying interest on that 3 or 4 ever again.

    Keep up the good work
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • MissLemon
    • By MissLemon 1st Aug 17, 7:59 AM
    • 73 Posts
    • 426 Thanks
    MissLemon
    I got my payout from Pr0lific today, 13 of which went on OP.

    As our monthly payment came out today I decided to do a knotty OP and added 2.42 to the 13 to get the mortgage down to 94,690.00. I really like the 00 at the end

    I also got a nice surprise in the post yesterday as I came second in a charity lottery so I have a cheque for 27.30 to put in the bank. And of course once it clears some of that will be making an OP!
    MFW #121. Mortgage at June 2017 96,491.71. 26 March 2018 85,220

    OP target 2018 2626.35/10,000
    OP target 2017 4816.35/5000
    Original MF Date January 2035. Target MF Date December 2023
    • A Frayed Knot
    • By A Frayed Knot 1st Aug 17, 8:49 PM
    • 2,365 Posts
    • 10,547 Thanks
    A Frayed Knot
    Excellent - double whammy

    I did notice that by doing a knotty o/p along with your o/p, it brought you into the 600's.

    Works a treat, as well, if you have a sub account on your mortgage, where I just bounce between one and the other a few times during the month. Satisfies my obsession
    Loving this.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • MissLemon
    • By MissLemon 3rd Sep 17, 5:45 PM
    • 73 Posts
    • 426 Thanks
    MissLemon
    Reporting for August with an OP of 823.81!

    Which means I've been able to colour in the first 'brick' in my OP house! If all goes well I should be colouring in bricks every 2 months.

    I also made a knotty OP to bring my outstanding mortgage to 93,480.

    And thanks to Shangaijimmy I've started on MB which, if all goes well, might bring in a little bit extra to OP each month.
    MFW #121. Mortgage at June 2017 96,491.71. 26 March 2018 85,220

    OP target 2018 2626.35/10,000
    OP target 2017 4816.35/5000
    Original MF Date January 2035. Target MF Date December 2023
    • Betterthanever
    • By Betterthanever 3rd Sep 17, 5:58 PM
    • 521 Posts
    • 3,559 Thanks
    Betterthanever
    It's all looking good! I need to revisit MB....I made a very good amount when I did it many years ago. I need to investigate what's around now and get back into the swing of things. May add this to my October tasks. (September is already looking full for me!!).

    Current balance 112,593.71. Offset 2,677.73. 109,951.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22 - 2018 O/pay 600
    Make 2018 in 2018 = 406.75/2018
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • MissLemon
    • By MissLemon 3rd Sep 17, 6:07 PM
    • 73 Posts
    • 426 Thanks
    MissLemon
    Thanks!

    I'm not sure how much I'll make but any thing that goes towards the OP is welcome!!
    MFW #121. Mortgage at June 2017 96,491.71. 26 March 2018 85,220

    OP target 2018 2626.35/10,000
    OP target 2017 4816.35/5000
    Original MF Date January 2035. Target MF Date December 2023
    • Betterthanever
    • By Betterthanever 3rd Sep 17, 6:12 PM
    • 521 Posts
    • 3,559 Thanks
    Betterthanever
    As you say, anything is useful!

    Current balance 112,593.71. Offset 2,677.73. 109,951.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22 - 2018 O/pay 600
    Make 2018 in 2018 = 406.75/2018
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • A Frayed Knot
    • By A Frayed Knot 3rd Sep 17, 7:30 PM
    • 2,365 Posts
    • 10,547 Thanks
    A Frayed Knot
    Reporting for August with an OP of 823.81!

    I also made a knotty OP to bring my outstanding mortgage to 93,480.
    Originally posted by MissLemon

    A Fantastic o/p for the month. Well done

    And so pleased to see you doing a knotty Op as well
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • MissLemon
    • By MissLemon 29th Nov 17, 10:22 PM
    • 73 Posts
    • 426 Thanks
    MissLemon
    A very overdue report!

    In September, October and November we made a total OP of 3177.14! An amazing amount and it means I am well within my aim of paying off 5k by the end of the year

    I also have to sing the praises of YNAB. If anyone is looking into a budget app I'd highly recommend it. Just through budgeting the YNAB way and always having my budget at my finger tips I have saved about 1400 since July. I don't feel like I've been especially frugal, just more thoughtful on where I am spending my money.

    I think I'm going to keep this as savings rather than using it to OP.
    MFW #121. Mortgage at June 2017 96,491.71. 26 March 2018 85,220

    OP target 2018 2626.35/10,000
    OP target 2017 4816.35/5000
    Original MF Date January 2035. Target MF Date December 2023
    • Welshlassie
    • By Welshlassie 30th Nov 17, 9:24 PM
    • 1,718 Posts
    • 2,995 Thanks
    Welshlassie
    Thats great progress, well done. I'm so pleased you've done so well with YNAB. It's always good to hear of others that have found it useful. I love sitting playing with it seeing what I can save and change. I wish hubby would check balances before spending but it keeps us on track better than if we didn't have anything.
    • MissLemon
    • By MissLemon 31st Dec 17, 1:34 PM
    • 73 Posts
    • 426 Thanks
    MissLemon
    End of 2017 Update!

    We managed to OP 4816.35 since July, which is amazing and along with our regular payment brings our mortgage down to 89,080. Wooo!

    I've set an ambitious target of OP 10k for 2018. I think it is doable but I might have to up my MB and Ebaying to make sure I reach it.

    Happy New Year to everyone!
    MFW #121. Mortgage at June 2017 96,491.71. 26 March 2018 85,220

    OP target 2018 2626.35/10,000
    OP target 2017 4816.35/5000
    Original MF Date January 2035. Target MF Date December 2023
    • blocpartyfan
    • By blocpartyfan 31st Dec 17, 1:38 PM
    • 47 Posts
    • 230 Thanks
    blocpartyfan
    I think you're doing a fantastic job missLemon!
    Mortgage when started: 200,999
    Current mortgage (2nd Jan 2018): 135,000
    Mortgage free day planned for: 25th June 2025 (day before my 40th birthday!)
    • Jessy103
    • By Jessy103 1st Jan 18, 1:54 PM
    • 525 Posts
    • 2,237 Thanks
    Jessy103
    Happy New Year MissLemon and well done with the overpayments. Good luck with your target for 2018.
    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
    • MissLemon
    • By MissLemon 25th Feb 18, 2:51 PM
    • 73 Posts
    • 426 Thanks
    MissLemon
    January and February reporting!

    January OP = 804.21
    February OP = 903.23

    As we don't pay our council tax in February and March I've managed to put a little bit more towards the mortgage OP this month.

    I'm no longer doing the MB, mainly because I didn't really put the time in to maximise the earnings from it. But I did manage to make over 100 from it which is either going towards a course or in my savings rather than the OP.

    Ebaying hasn't started yet! I've got some time off over Easter so I think I'll be able to put some time into photographing and listing my stuff then. Between not and then I think I'll start getting together a 'to sell' pile.

    This month I did something I have never done and planned our meals for the whole month. Which meant I spent less, went shopping less and had some really nice food. I've meal planned before but a week at a time. Doing 4 weeks has just freed up a lot of time wondering what to cook, going shopping for things I forgot and I'll be doing the same for March. Hopefully I can put any savings to the mortgage!
    MFW #121. Mortgage at June 2017 96,491.71. 26 March 2018 85,220

    OP target 2018 2626.35/10,000
    OP target 2017 4816.35/5000
    Original MF Date January 2035. Target MF Date December 2023
    • MissLemon
    • By MissLemon 26th Mar 18, 8:27 PM
    • 73 Posts
    • 426 Thanks
    MissLemon
    March update.

    Still not put any of items on ebay, hopefully I'll get stuff online over the Easter weekend

    The meal planning for March is still going well. I'm under the 300 monthly budget for groceries, which is great, and am planning to plan for April! I've also been making double quantities of some of the food so I have a good few meals in the freezer too!

    Total March OP is 918.91
    MFW #121. Mortgage at June 2017 96,491.71. 26 March 2018 85,220

    OP target 2018 2626.35/10,000
    OP target 2017 4816.35/5000
    Original MF Date January 2035. Target MF Date December 2023
    • selloptape
    • By selloptape 26th Mar 18, 8:50 PM
    • 456 Posts
    • 1,877 Thanks
    selloptape
    Fantastic OPs
    GC May 78.51/290 GC April 240.65/300March 322.53/350
    2 Savers Club #59 58
    MFW 2018 #49 600/3,000
    MFiT T4 #21 - reduce mortgage by 20k over 3 years
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