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  • FIRST POST
    • Merchandiser2367
    • By Merchandiser2367 16th Oct 17, 7:32 PM
    • 172Posts
    • 1,094Thanks
    Merchandiser2367
    Aldi Beans
    • #1
    • 16th Oct 17, 7:32 PM
    Aldi Beans 16th Oct 17 at 7:32 PM
    Funny title for a thread!

    But, it underlines how much we have changed/cut back etc - throwing it all at the mortgage.

    I always said we would always have Heinz beans, i think they have been the last thing to go to save cash.....and Aldi beans aren't actually that bad!

    Some of the Other MANY things we have done


    -Got rid of sky - bought a freesat box of gumtree for £20 - Save £20 a month!
    -Shop at Aldi for 90% of our shop compared to old Tesco
    - Stopped buying kitchen roll (save about £8 a month!)
    - Take cash out for a week and ONLY spend that much.....debit cards are bad for overspending.....having the cash in your hand, you realise how much you've got left for that week.
    -Always use Martin's Money Mantra - if you don't need it, don't buy it.....amazing how much this saves

    We are hoping to pay off our 21 year, £146,500 mortgage in just under 5 years.

    We know it's all about being strict but we have this massive light at the end of the tunnel about doing things, going on holidays etc that we could never dream of AND being financially secure knowing our house is ours and we have absolutely no debts at all.

    Just thought i'd share our story presently, been fascinating reading all of yours as well
    Last edited by Merchandiser2367; 19-10-2017 at 11:41 AM.
Page 3
    • Betterthanever
    • By Betterthanever 5th Nov 17, 10:27 AM
    • 526 Posts
    • 3,606 Thanks
    Betterthanever
    The other benefit of batched cooking from scratch is that you know exactly what is in it. I wouldn't return to jars, and I can vouch for the fact that it works out cheaper.

    Things like shepherd's pie, chili's, stuffed peppers, spaghetti Bolognese......all done from the same base of one massive pot of mince/tomato/onion base....then portion off and add the extra bits that are specific to that particular dish eg chili, garlic, peppers, potatoes, kidney beans etc.

    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!
    • Merchandiser2367
    • By Merchandiser2367 5th Nov 17, 7:19 PM
    • 172 Posts
    • 1,094 Thanks
    Merchandiser2367
    The other benefit of batched cooking from scratch is that you know exactly what is in it. I wouldn't return to jars, and I can vouch for the fact that it works out cheaper.

    Things like shepherd's pie, chili's, stuffed peppers, spaghetti Bolognese......all done from the same base of one massive pot of mince/tomato/onion base....then portion off and add the extra bits that are specific to that particular dish eg chili, garlic, peppers, potatoes, kidney beans etc.
    Originally posted by Betterthanever
    Thanks for this, I'll have to put it on our to do list and compare to what we normally spend. I know it will also be healthier as you mention so is another reason to try it
    Mortgage When Started Over Pay 01/11/2017- £146500
    Current Total - 12/05/2018 - £118,570 (With Offset
    £10k Savings)
    5 year fix - Aiming to overpay £1900 at least a month
    MFW by July 2021
    01/11/17 - £10k / £10k Emergency Savings
    • Merchandiser2367
    • By Merchandiser2367 15th Nov 17, 2:20 PM
    • 172 Posts
    • 1,094 Thanks
    Merchandiser2367
    Afternoon All

    Been a little while since I posted but everything is ticking over, well mostly!

    My action plan of new current accounts for switching and high interest savings accounts are still on hold until I have the new mortgage confirmation in my hand. It has all pretty much gone through, we have signed the physical document and sent back, just waiting for the 100% green light, better safe than sorry by affecting my credit rating in case it is needed!

    Bit of bad news that my wife's department at work has been affected by redundancy announcements. It only seems to be middle management currently but could affect her level at some point so there is a bit of uncertainty there that is never great but that is exactly why we saved the £10,000 emergency fund I guess! We are going to continue with our overpayment plan unless we hear something in the future that does affect her.

    Some good news, we made our first over payment of £380 yesterday! Whoop! Less than originally thought but needed to get the emergency fund to the £10,000 level, we also spent quite a bit on xmas decorations this year as our daughter has turned 3 and want to have some half decent ones we can add to each year now Hoping to overpay around £1850 next month and continue at around that level for as long as possible.

    The matched betting seems to be going ok as well.....a lot to take in at first but slowly getting my head round it all. With anything that is new, takes a while to get used to all the different aspects and terminology etc + it needs to be tracked 100% all the time as very easy to get lost with what bets are on and where, what balance you have at certain bookies etc but I think it will get easier with time once i'm into a proper routine and actions are second nature rather than having to think about each and every action as totally new to it all. If I can make £100 profit a week, I'd be very happy with this.

    Anyway, hope everyone on MFW is doing good and smashing that mortgage!
    Mortgage When Started Over Pay 01/11/2017- £146500
    Current Total - 12/05/2018 - £118,570 (With Offset
    £10k Savings)
    5 year fix - Aiming to overpay £1900 at least a month
    MFW by July 2021
    01/11/17 - £10k / £10k Emergency Savings
    • greent
    • By greent 17th Nov 17, 10:22 AM
    • 7,077 Posts
    • 72,123 Thanks
    greent
    Great news re first OP! - fab start
    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
    • Merchandiser2367
    • By Merchandiser2367 19th Nov 17, 8:32 PM
    • 172 Posts
    • 1,094 Thanks
    Merchandiser2367
    Great news re first OP! - fab start
    Originally posted by greent
    Thanks GT, APPRECIATED!!
    Mortgage When Started Over Pay 01/11/2017- £146500
    Current Total - 12/05/2018 - £118,570 (With Offset
    £10k Savings)
    5 year fix - Aiming to overpay £1900 at least a month
    MFW by July 2021
    01/11/17 - £10k / £10k Emergency Savings
    • Betterthanever
    • By Betterthanever 19th Nov 17, 9:42 PM
    • 526 Posts
    • 3,606 Thanks
    Betterthanever
    It's all looking mighty fine from here!!

    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!
    • Merchandiser2367
    • By Merchandiser2367 11th Jan 18, 2:15 PM
    • 172 Posts
    • 1,094 Thanks
    Merchandiser2367
    Afternoon all,

    It's been a while since I last posted and a few ups and downs!! Was made redundant just before Xmas so was a bit of a black cloud hanging over the Xmas period which was not great but we still had a good one.

    All the time it was in the back of my mind......if I am out of work for 'X' number of months.....will delay the mortgage free end date!!

    But luckily have managed to find a new job on nearly same wage so all is ok - also no gap in employment so end date not affected as yet

    Good news on the mortgage front, we have over paid roughly £6k since November 1st when we got our new 5 year fix so we are going stongly even with the job issues.

    Hope everyone else's MF journey's are also going well
    Mortgage When Started Over Pay 01/11/2017- £146500
    Current Total - 12/05/2018 - £118,570 (With Offset
    £10k Savings)
    5 year fix - Aiming to overpay £1900 at least a month
    MFW by July 2021
    01/11/17 - £10k / £10k Emergency Savings
    • Merchandiser2367
    • By Merchandiser2367 26th Jan 18, 6:25 PM
    • 172 Posts
    • 1,094 Thanks
    Merchandiser2367
    OP of £1251 today! With a further £450 end of month, that will be it till end of next month. Slightly under our £1900 monthly OP target but booked 2 holidays this month (Butlins and haven from the Sun) so was always going to be a bit down but got 2 great little holidays to look forward to now which we saved loads on than If we booked direct

    Took us 4 years to pay off £23,000 of the mortgage....started overpaying in November 2017 and will have paid off almost £10,000 in 3 months!!!! Is amazing what you can do when you focus in something!!!
    Mortgage When Started Over Pay 01/11/2017- £146500
    Current Total - 12/05/2018 - £118,570 (With Offset
    £10k Savings)
    5 year fix - Aiming to overpay £1900 at least a month
    MFW by July 2021
    01/11/17 - £10k / £10k Emergency Savings
    • Merchandiser2367
    • By Merchandiser2367 17th Feb 18, 7:31 PM
    • 172 Posts
    • 1,094 Thanks
    Merchandiser2367
    Sold a couple of things on eBay today, extra £60 paid off the mortgage. Also made around £40 from matched betting over last couple of days, also paid on the mortgage.

    Keep chipping away here and there, currently at £136, 850, happy with the progression so far.

    Some times I think if it is worth living on such a tight budget when we could be comfortable withnpaing the mortgage but I have to remind myself of financial freedom and all the extra things we can do with no mortgage payments. We have been budgeting pretty tightly since when we started saving for our house 10 years ago.....so when we get the mortgage paid off.....we Will be able to spend money without having to save/budget/plan!!!

    I can't wait.
    Mortgage When Started Over Pay 01/11/2017- £146500
    Current Total - 12/05/2018 - £118,570 (With Offset
    £10k Savings)
    5 year fix - Aiming to overpay £1900 at least a month
    MFW by July 2021
    01/11/17 - £10k / £10k Emergency Savings
    • angelicious
    • By angelicious 17th Feb 18, 8:05 PM
    • 214 Posts
    • 1,515 Thanks
    angelicious
    Hi Merchandiser

    Just wanted to pop in and say hello:. You're doing brilliantly, £10,000 in 3 months is AMAZING!!! We've a bit more to pay off than you and we're hoping to do it in 7 years.

    Best of luck on the rest of your journey xx
    Make £10 day '18: March '18 £1479.50/1000 Feb '18 £2638.52/1000, Jan '18 £960/1000
    2018 1% challenge - £228 - 4% @ 07/02 (912/22800)
    Make £10 day say 2017 total £5256.25
    MFW: £160,306.48, now £158, 600 @07/02 Paid £1386.48
    Decluter 2018: 79/2018
    • Merchandiser2367
    • By Merchandiser2367 18th Feb 18, 11:31 AM
    • 172 Posts
    • 1,094 Thanks
    Merchandiser2367
    Hi Merchandiser

    Just wanted to pop in and say hello:. You're doing brilliantly, £10,000 in 3 months is AMAZING!!! We've a bit more to pay off than you and we're hoping to do it in 7 years.

    Best of luck on the rest of your journey xx
    Originally posted by angelicious
    Hi Angelicious!

    Thanks for commenting! Not many people do as my journey is so boring!! lol

    Making OP's does become a bit of an addiction......we planned to do around £900 a month OP but we just kept playing with the OP calculator on MSE and said to ourselves....'imagine paying it off in 3 1/2 - 4 years'! And then we thought, lets do it!

    We keep all in-goings and out-goings on a spreadsheet as do a lot of people on here and then looked where we could make savings across the board........fingers crossed, we will get there on schedule!

    Good on you for starting your journey! It does seem very daunting at first but once you get going and you see the mortgage decreasing.....it spurs you on!!


    Good luck, i'll be keeping an eye on your diary to see how your getting on!!
    Mortgage When Started Over Pay 01/11/2017- £146500
    Current Total - 12/05/2018 - £118,570 (With Offset
    £10k Savings)
    5 year fix - Aiming to overpay £1900 at least a month
    MFW by July 2021
    01/11/17 - £10k / £10k Emergency Savings
    • greent
    • By greent 18th Feb 18, 3:54 PM
    • 7,077 Posts
    • 72,123 Thanks
    greent
    Great progress, Merchandiser
    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
    • Merchandiser2367
    • By Merchandiser2367 18th Feb 18, 5:10 PM
    • 172 Posts
    • 1,094 Thanks
    Merchandiser2367
    Great progress, Merchandiser
    Originally posted by greent
    Thank you GreenT
    Mortgage When Started Over Pay 01/11/2017- £146500
    Current Total - 12/05/2018 - £118,570 (With Offset
    £10k Savings)
    5 year fix - Aiming to overpay £1900 at least a month
    MFW by July 2021
    01/11/17 - £10k / £10k Emergency Savings
    • Kittenkirst
    • By Kittenkirst 19th Feb 18, 5:08 AM
    • 1,897 Posts
    • 10,193 Thanks
    Kittenkirst
    Wow 10k since November is so inspiring!! Well done you

    Weve just signed remortgage paperwork which drops our interest from 2.99% to 1.64% (£160 ish difference per month in interest alone!!!!) cant wait for the repayments to make even more of an impact.

    Your figures are so inspiring- am off to play with my budget app and see if I can squeeze more OPs in
    2018 MFW #20 - OP £1799.61/ £3000 60%
    Mar: £218 Apr: £528.91 May: £361.07

    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
    • gallygirl
    • By gallygirl 19th Feb 18, 8:38 AM
    • 16,606 Posts
    • 109,651 Thanks
    gallygirl
    What fantastic progress! Well done .
    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"
    • Betterthanever
    • By Betterthanever 19th Feb 18, 2:22 PM
    • 526 Posts
    • 3,606 Thanks
    Betterthanever
    Definitely stuff to be proud of! All those little odds and ends really do add up and make a huge difference over time. Keep going, mortgage freedom really isn't far away at this rate!

    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!
    • Merchandiser2367
    • By Merchandiser2367 19th Feb 18, 8:46 PM
    • 172 Posts
    • 1,094 Thanks
    Merchandiser2367
    Thanks all for posting, it's really nice to hear your thoughts and kind words!! It's great to be in a community of like minded people with the same goal
    Mortgage When Started Over Pay 01/11/2017- £146500
    Current Total - 12/05/2018 - £118,570 (With Offset
    £10k Savings)
    5 year fix - Aiming to overpay £1900 at least a month
    MFW by July 2021
    01/11/17 - £10k / £10k Emergency Savings
    • Merchandiser2367
    • By Merchandiser2367 24th Feb 18, 7:24 PM
    • 172 Posts
    • 1,094 Thanks
    Merchandiser2367
    Good day today, payday for both of us and was the first time we have been able to make a £2000 over payment from our pay days for a month

    Coupled with the standard £718 mortgage payment at the start of next month, we should be down to around £134,400..............about £1500 ahead of our target at this stage which is amazing!!

    We have a 'mortgage £ left thermometer' that we printed off on our wall in our front room and colour in - in quarters for the year as we progress so will be able to colour in the next stage early which is such great motivation!!!

    Hope everyone else on their MFW journey's are going good
    Mortgage When Started Over Pay 01/11/2017- £146500
    Current Total - 12/05/2018 - £118,570 (With Offset
    £10k Savings)
    5 year fix - Aiming to overpay £1900 at least a month
    MFW by July 2021
    01/11/17 - £10k / £10k Emergency Savings
    • Merchandiser2367
    • By Merchandiser2367 28th Feb 18, 7:23 PM
    • 172 Posts
    • 1,094 Thanks
    Merchandiser2367
    Cheeky little £20 OP today......feels good to get a few smaller ones in here and there
    Mortgage When Started Over Pay 01/11/2017- £146500
    Current Total - 12/05/2018 - £118,570 (With Offset
    £10k Savings)
    5 year fix - Aiming to overpay £1900 at least a month
    MFW by July 2021
    01/11/17 - £10k / £10k Emergency Savings
    • greent
    • By greent 1st Mar 18, 7:47 PM
    • 7,077 Posts
    • 72,123 Thanks
    greent
    Cheeky little £20 OP today......feels good to get a few smaller ones in here and there
    Originally posted by Merchandiser2367

    I find that it keeps the motivation up
    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
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