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  • FIRST POST
    • tootallulah
    • By tootallulah 9th Feb 18, 2:14 PM
    • 2,132Posts
    • 7,435Thanks
    tootallulah
    The Final Countdown
    • #1
    • 9th Feb 18, 2:14 PM
    The Final Countdown 9th Feb 18 at 2:14 PM
    Skips back in with a merry smile and a waggly wave. I have been in and out of these forums for years but I am now working part-time and have just the final mortgage on my house to go. Two buy to let flats in London (one was my home for 30 years) together with my pension mean that I am in many ways very fortunate. But I do still have £45,000 to go on my house mortgage and it isn't going fast enough. So I am back to track the final mortgage countdown........or possibly not as I do have a hankering to build my own house and am on the look out for suitable plot of land or a bungalow ripe for redevelopment. However nothing is helped by still having a mortgage.

    My dining room is now akin to a junk shop full of lovely treasures for EBay. I would like to pay off the mortgage this this year so I need to up my income.

    Welcome to the final countdown.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
Page 4
    • beanielou
    • By beanielou 11th Mar 18, 7:53 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Yeah, sold something for 6 quid a couple of weeks ago & after fees & postage well..............
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • tootallulah
    • By tootallulah 14th Mar 18, 6:49 PM
    • 2,132 Posts
    • 7,435 Thanks
    tootallulah
    I have a new and terrible obsession with my mortgage being a round figure - it isn't great but I am going with it, goodness knows why these odd things float into my brain. I have eleven items on EBay including sone good machines hopefully they will all go for a bit more than 99p!
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • beanielou
    • By beanielou 14th Mar 18, 7:29 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    I have an obsession with getting down into the next thousand
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • pinkypig
    • By pinkypig 14th Mar 18, 8:59 PM
    • 1,268 Posts
    • 10,250 Thanks
    pinkypig
    They are both very worthy obsessions! My own brand of madness is number of months from financial independence. I'm surprised my spreadsheet hasn't combusted from overuse

    Good luck with your eBay sales xx
    • gallygirl
    • By gallygirl 14th Mar 18, 9:14 PM
    • 16,606 Posts
    • 109,664 Thanks
    gallygirl
    They are both very worthy obsessions! My own brand of madness is number of months from financial independence. I'm surprised my spreadsheet hasn't combusted from overuse
    Originally posted by pinkypig
    Do you ever try to sneak up on it and catch it unawares to see if the date's changed?

    Oh, it was just me then .
    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"
    • beanielou
    • By beanielou 14th Mar 18, 9:24 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Do you ever try to sneak up on it and catch it unawares to see if the date's changed?

    Oh, it was just me then .
    Originally posted by gallygirl
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 14th Mar 18, 10:17 PM
    • 1,478 Posts
    • 7,060 Thanks
    wishingthemortgaheaway
    I have a new and terrible obsession with my mortgage being a round figure - it isn't great but I am going with it, goodness knows why these odd things float into my brain. I have eleven items on EBay including sone good machines hopefully they will all go for a bit more than 99p!
    Originally posted by tootallulah
    I have had different mfw obsessions in the past, I've done the 'nice round number' and the 'get it onto the next bracket' approach. But it all comes down to 'pay the blummin thing off as quick as poss'

    I do find changing my approach helps keeps things fresh and keeps pace up. I do bore easily if things don't move quick
    Enough.
    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
    • gallygirl
    • By gallygirl 15th Mar 18, 9:25 AM
    • 16,606 Posts
    • 109,664 Thanks
    gallygirl
    I did all that, but my main aim was to knock a day off the mortgage (because I was using a mix of ordinary mortgage payments, OP's on wages day and various BTL's it was possible to drop a few days rather than needing a massive amount to drop a month. Sigh - fun spread-sheeting days .
    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"
    • tootallulah
    • By tootallulah 16th Mar 18, 9:37 PM
    • 2,132 Posts
    • 7,435 Thanks
    tootallulah
    Well at least I am not alone in these MFW obsessions which is heartening. Combined EBay currently at £64.99 hopefully they will go up a bit over the week-end. I have squirrelled £742 into savings so might get close to an extra £1k off this month.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • Busy Mee1
    • By Busy Mee1 17th Mar 18, 7:25 AM
    • 611 Posts
    • 2,783 Thanks
    Busy Mee1
    Hehe I love the MF brand of madness .....I sometimes think it is just me
    • beanielou
    • By beanielou 17th Mar 18, 8:24 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Hehe I love the MF brand of madness .....I sometimes think it is just me
    Originally posted by Busy Mee1
    It's not just you.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • beanielou
    • By beanielou 17th Mar 18, 8:26 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Well at least I am not alone in these MFW obsessions which is heartening. Combined EBay currently at £64.99 hopefully they will go up a bit over the week-end. I have squirrelled £742 into savings so might get close to an extra £1k off this month.
    Originally posted by tootallulah
    Sounding good.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • tootallulah
    • By tootallulah 19th Mar 18, 6:45 PM
    • 2,132 Posts
    • 7,435 Thanks
    tootallulah
    Excellent week-end EBay totals and another £1000 off the mortgage. Fingers crossed I will get paid three months salary on or around 1 April that will be at least £11k all of which can go off the mortgage.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • tootallulah
    • By tootallulah 19th Mar 18, 6:57 PM
    • 2,132 Posts
    • 7,435 Thanks
    tootallulah
    Mortgage is going well, the same can't be said for my food budget! I haven't spent as much as usual but I am way over budget. Both freezers are still full and I am fatally drawn to Waitrose. Going in for a couple of pints of milk seems to be a £50 spend.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • beanielou
    • By beanielou 19th Mar 18, 6:59 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Blimey.
    Your totals are awesome.
    Go girl
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • beanielou
    • By beanielou 19th Mar 18, 7:01 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    Mortgage is going well, the same can't be said for my food budget! I haven't spent as much as usual but I am way over budget. Both freezers are still full and I am fatally drawn to Waitrose. Going in for a couple of pints of milk seems to be a £50 spend.
    Originally posted by tootallulah
    Expensive milk then
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • tootallulah
    • By tootallulah 19th Mar 18, 7:02 PM
    • 2,132 Posts
    • 7,435 Thanks
    tootallulah
    Expensive milk then
    Originally posted by beanielou
    It is the terrible proximity of the milk shelf to the reductions shelf - I've got no self control.

    I can only make such payments because of my pension, contract work and rental income. After years of struggling it is really paying off now and will for at least another 12 months. I can live pretty frugally and all the income streams go off the mortgage.

    I am definitely moving to a smaller house, smaller garden, lower ceilings but where I am moving to is much more expensive than here so I need to get the mortgage paid off and then save about £100k. I have been looking and this house will sell for about £300k the ones I am looking at are £450k ish.

    The quicker the mortgage goes then I can begin saving, very likely I will move and have another mortgage to attack.
    Last edited by tootallulah; 19-03-2018 at 7:08 PM.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • greent
    • By greent 19th Mar 18, 7:41 PM
    • 7,082 Posts
    • 72,164 Thanks
    greent
    It is the terrible proximity of the milk shelf to the reductions shelf - I've got no self control.
    Originally posted by tootallulah
    Spending now to save going forward? - seems sensible to me!
    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 £522.39/£1000 PAYDOX18 (#15) £18564.38/£18918.90
    • tootallulah
    • By tootallulah 22nd Mar 18, 7:32 AM
    • 2,132 Posts
    • 7,435 Thanks
    tootallulah
    I am trying to eat 5 meals a week from the freezers as I do need to get plenty of space in there ready for the soft fruit season, and as I can see green shoots on the raspberries beginning to pick them can only be three months away. Stewed mixed fruit of raspberries, white currants and strawberries gets eaten every day here and I haven't got to the end of last years frozen fruit yet.

    I heard yesterday that I will definitely be paid on 1 April which is a big relief I was pretty sure it would be OK but I now can see the money in the business account - phew!

    On the other hand not being paid from a contract for 12 weeks has made me budget very stringently and it will give me a big pay off which is important this year. I am aiming to halve my remaining mortgage by the end of April - a combination of big contract payment, 6 months rent from my 2nd tenant plus my usual extra £1k somehow.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
    • tootallulah
    • By tootallulah 24th Mar 18, 7:17 AM
    • 2,132 Posts
    • 7,435 Thanks
    tootallulah
    Yesterday I was asked to invoice for my contract role for January and February to be paid this financial year, the money should be in my bank on Tuesday - very good news. I will be making a £7.5k payment as soon as the BACS transfer goes through. I will also invoice for March next Friday - things are really moving fast now. I am very focussed on the mortgage being gone, good for making me EBay and avoid shops! It is interesting as I have always been a spender but not this time. I really want to be ALL debt free - even if it is only for a short time.
    Mortgage House £45,000, 26 January 2018, 31st May 2018 £15,000.
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