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  • FIRST POST
    • Blibble
    • By Blibble 27th Dec 17, 7:37 PM
    • 449Posts
    • 786Thanks
    Blibble
    Up for a laugh? A 23 year old's guide on how (not) to be mortgage free
    • #1
    • 27th Dec 17, 7:37 PM
    Up for a laugh? A 23 year old's guide on how (not) to be mortgage free 27th Dec 17 at 7:37 PM
    Hi folks!

    I'm a fervent reader of the MFW board, and have been meaning to get cracking on my own diary for some time to keep me on the MFW straight and narrow. Unfortunately, the time's never quite been right to do so before now; me and my partner are in a new build house which always seems to throw something up which we hadn't planned for (it's not just older houses y'know!).

    Coming up to the new year, and reflecting on how much we've spent over Christmas (and how badly budgeted it was), I've been thinking a lot lately about seriously attacking the mortgage and now feels as good a time as any. Sooo, a little about us ...

    We're both 23, and moved in to our house in mid-December 2016 in the north west. We're not rich - both earning just above minimum wage - but thankfully have nobody dependant on us financially and are fairly minimal in what we want. We've £127,879.52 outstanding on the mortgage - we've only made minimum payments on the mortgage until now - and the rate sits @ 2.34% expiring August 2018.

    I'll post an SOA (a SOA?) below in a bit; mortgage OPs will initially be on the lower side as we're saving £1000 a month for a wedding too, but hoping we can scrabble together a couple of hundred more a month to put towartds OPs..

    Wish me luck - if nothing else it should be a craic

    Wedding fund - £2440.92 (£1912.07)
    OP fund - £1591.49 (£163.67)
    Emergency fund - £0.00 Oops!
Page 6
    • Blibble
    • By Blibble 11th Feb 18, 10:42 AM
    • 449 Posts
    • 786 Thanks
    Blibble
    OH also impressed me last night - she had a friend over last night & they bought a Just Eat takeaway. Was very pleased to see Quidco open up when I loaded the laptop back up
    Wedding fund - £2440.92 (£1912.07)
    OP fund - £1591.49 (£163.67)
    Emergency fund - £0.00 Oops!
    • bugslet
    • By bugslet 12th Feb 18, 9:30 AM
    • 6,149 Posts
    • 29,595 Thanks
    bugslet
    Congratulations Blibble on the promotion
    • Blibble
    • By Blibble 12th Feb 18, 9:42 AM
    • 449 Posts
    • 786 Thanks
    Blibble
    Thanks bugslet

    Today's the final day of my long weekend, and there's a fair bit of work to be done. Lots and lots of house-tidying needed, and might head out to try and find some YS meat to freeze as we're a bit short on the food budget this month (lots of stocking up over the weekend, including £18 for 20kg of rice at local Chinese supermarket, and £10 for 1100 teabags at B&M). Other than that, will be making sure it's a NSD & cooking tea for OH once I pick her up from work.

    I've set myself a challenge of a £3000 total OP for the year on the 2018 challenge thread (not inc. wedding savings) which is all coming from extra income. I'm about £27 short at the moment to be on target, although I have £13 in Prolific to cash out, so will get thinking today where the other £14 is coming from to keep on track
    Wedding fund - £2440.92 (£1912.07)
    OP fund - £1591.49 (£163.67)
    Emergency fund - £0.00 Oops!
    • Blibble
    • By Blibble 13th Feb 18, 6:41 AM
    • 449 Posts
    • 786 Thanks
    Blibble
    Yesterday wasn't a NSD surprisingly - spent £5.40 on drinks as saw a university friend up my old campus bar so had a pint and a catch-up. Other than that, a very productive day of gutting the kitchen out as it was filthy, so that's been well and truly spring cleaned.

    Found out where my £14 is coming from, too, as I've won another £17.70 on FreeBirthdayLotto.com. I'm actually quite shocked, as that's my second win since new year's day, and I feel like I never win these things! So waiting for that to come in to Paypal, and will move it over to take me over £500 mark for OP budget :]
    Wedding fund - £2440.92 (£1912.07)
    OP fund - £1591.49 (£163.67)
    Emergency fund - £0.00 Oops!
    • themadvix
    • By themadvix 14th Feb 18, 10:00 AM
    • 1,717 Posts
    • 9,985 Thanks
    themadvix
    Just catching up - congrats on the promotion and the win! They say these things come in threes... I wonder what's next?!
    OPs 2018 = £2090
    Moving savings = £636.46
    OPs 2017 = £3103
    Starting balance 2012: £132000; balance Jun 2018: £92,000
    MFW2018 no. 38
    • Blibble
    • By Blibble 14th Feb 18, 6:40 PM
    • 449 Posts
    • 786 Thanks
    Blibble
    I'm counting the days until my Euromillions win themadvix

    Only a quickie - OH and me are out for a curry tonight to a restaurant we used to go to quite a lot, but haven't been to for a couple of years. We've not got each other gifts this year, preferring to spend some quality time with each other, so we're off for what will hopefully be a well-budgeted, grand evening

    Still waiting for cashouts from OnePoll (£125 now) & FreeBirthdayLotto to hit Paypal, and my cheque from Populus. Grrr, waiting is the hard bit!
    Wedding fund - £2440.92 (£1912.07)
    OP fund - £1591.49 (£163.67)
    Emergency fund - £0.00 Oops!
    • Blibble
    • By Blibble 15th Feb 18, 7:06 AM
    • 449 Posts
    • 786 Thanks
    Blibble
    I swear down I've just won another one of the draws on FBL, this time for £8.00 (+ 6p bonus as I last won on Monday). Two wins in a week is freaky. Suppose that's my third thing themadvix
    Wedding fund - £2440.92 (£1912.07)
    OP fund - £1591.49 (£163.67)
    Emergency fund - £0.00 Oops!
    • shangaijimmy
    • By shangaijimmy 15th Feb 18, 8:30 AM
    • 2,736 Posts
    • 13,570 Thanks
    shangaijimmy
    have you got as many birthdays as the queen??
    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
    • Blibble
    • By Blibble 15th Feb 18, 6:59 PM
    • 449 Posts
    • 786 Thanks
    Blibble
    Ha! Unfortunately not, nor do I have quite the same income (regrettably). Your initial and birthday essentially create a raffle ticket, and it's whoever's combination that gets drawn out who is the winner.

    Dinner last night was super-duper. Plus we managed to pick up some 30p fish fillets in ASDA afterwards (how romantic).

    Rapidly running out of money this month, and struggling to work out how or why which is never a good sign. Seeing OH's grandparents on Sunday which is a 150 mile-round drive, and need to do 2 more weeks of shopping before payday. Thinking I'll have to keep better tabs on that next month - back to the spending diary it is
    Wedding fund - £2440.92 (£1912.07)
    OP fund - £1591.49 (£163.67)
    Emergency fund - £0.00 Oops!
    • greent
    • By greent 15th Feb 18, 8:20 PM
    • 7,075 Posts
    • 72,075 Thanks
    greent
    There are some others (myself included ) who are also finding Feb hard. I think (virtually) everyone expects Jan to be financially hard and then (surely! ) Feb should be easier - esp as it's the shortest month?! I'm working on March being better and accepting that we're skint this month!

    Great going on extra bits of money, though
    x
    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 £519.32/£1000 PAYDOX18 (#15) £18459.38/£18918.90
    • Blibble
    • By Blibble 17th Feb 18, 11:12 PM
    • 449 Posts
    • 786 Thanks
    Blibble
    Glad to hear there are others in the same broke boat, greent! Depressing this morning moving £75 each over from the wedding fund to the joint account for food & petrol until the end of the month, and even more having to take money off my signature If that's not motivation though, I'm not sure what is!

    Populus cheque has come today, so waiting for £50 to hit the bank. Bit of a bummer with BT this morning - turns out we were out of contract this month so the DD went up to £44 On the phone to them for half an hour, managed to get it down from their first offer of £42 back to where the DD was before contract expired. I'm not a professional complainer by any means (like to think I have better things to be doing!) but pay enough for things as it is, so politely made them see sense that they either return the payment to where it was or I get the same package elsewhere
    Wedding fund - £2440.92 (£1912.07)
    OP fund - £1591.49 (£163.67)
    Emergency fund - £0.00 Oops!
    • Blibble
    • By Blibble 18th Feb 18, 7:02 PM
    • 449 Posts
    • 786 Thanks
    Blibble
    Just back from seeing OH's grandparents, been a very long day. OH's grandad regrettably has dementia and is in a care home, and grandmother is unable to stay in their house anymore as she's losing her sight. So it's been a 3-hour round trip to start packing up 50 years worth of their possessions, and we're about 1/3 of the way through it. Appointment made to go back in 2 weeks, but they really do need a hand with it.

    Don't even feel guilty stopping off at the nice farm shop service station on the M6 for far too much dark ale. Social spends budget can sod off tonight.
    Wedding fund - £2440.92 (£1912.07)
    OP fund - £1591.49 (£163.67)
    Emergency fund - £0.00 Oops!
    • themadvix
    • By themadvix 19th Feb 18, 10:00 AM
    • 1,717 Posts
    • 9,985 Thanks
    themadvix
    Don't feel guilty.... that sounds like a very long and stressful/sad day. And although I've never been to the farm shop services, I know where you mean and I've always wanted to visit (we're usually heading to South Lakes from the south, so don't go past it!)
    OPs 2018 = £2090
    Moving savings = £636.46
    OPs 2017 = £3103
    Starting balance 2012: £132000; balance Jun 2018: £92,000
    MFW2018 no. 38
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 19th Feb 18, 12:41 PM
    • 1,454 Posts
    • 6,879 Thanks
    wishingthemortgaheaway
    Those services are the best.... same as the new ones in Gloucester and they also have a set north of the English border too. Pricy, but then not massively compared to service stations generally.
    The 100 payment countdown (each payment = £400) 2018 Starts at 13/100 o/s £34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 £1600ish/£2,500
    • greent
    • By greent 19th Feb 18, 4:15 PM
    • 7,075 Posts
    • 72,075 Thanks
    greent
    I live in Gloucester - and the services are good enough that local people go there for lunch
    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 £519.32/£1000 PAYDOX18 (#15) £18459.38/£18918.90
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 19th Feb 18, 6:27 PM
    • 1,454 Posts
    • 6,879 Thanks
    wishingthemortgaheaway
    I live in Gloucester - and the services are good enough that local people go there for lunch
    Originally posted by greent
    That is high praise for services indeed. Why can't they all be like this? Would make travelling so much more pleasant.
    The 100 payment countdown (each payment = £400) 2018 Starts at 13/100 o/s £34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 £1600ish/£2,500
    • Blibble
    • By Blibble 19th Feb 18, 9:40 PM
    • 449 Posts
    • 786 Thanks
    Blibble
    Don't feel guilty.... that sounds like a very long and stressful/sad day. And although I've never been to the farm shop services, I know where you mean and I've always wanted to visit (we're usually heading to South Lakes from the south, so don't go past it!)
    Originally posted by themadvix
    Ooh it's great, we always have to go whenever we're heading up that way! And yep, there is one going northbound, so there's no excuse.

    They had some YS cheese in there on Sunday which was tempting, but then realised it was still twice the price of normal cheese
    Wedding fund - £2440.92 (£1912.07)
    OP fund - £1591.49 (£163.67)
    Emergency fund - £0.00 Oops!
    • therocket
    • By therocket 20th Feb 18, 9:25 AM
    • 42 Posts
    • 136 Thanks
    therocket
    I have to agree that Gloucester services are a cut above! Last time me and Mrs R headed south, I had the most amazing homemade sausage roll that I couldnt stop talking about it for the rest of our journey (much to Mrs R's annoyance!!)
    It's now our go-to stop everytime we head south, whether DS likes it or not haha!
    MFW - diary incoming!
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 20th Feb 18, 2:28 PM
    • 1,454 Posts
    • 6,879 Thanks
    wishingthemortgaheaway
    I have to agree that Gloucester services are a cut above! Last time me and Mrs R headed south, I had the most amazing homemade sausage roll that I couldnt stop talking about it for the rest of our journey (much to Mrs R's annoyance!!)
    It's now our go-to stop everytime we head south, whether DS likes it or not haha!
    Originally posted by therocket
    Was it the one with the fennel & apple marmalade? I've got the recipe for that one and it is amazing.
    The 100 payment countdown (each payment = £400) 2018 Starts at 13/100 o/s £34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 £1600ish/£2,500
    • Viking_mfw
    • By Viking_mfw 20th Feb 18, 3:10 PM
    • 120 Posts
    • 524 Thanks
    Viking_mfw
    Westmorland services are the best services in the world! We stop there on our way to Scotland every year
    Save12kin2018 #100
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