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  • FIRST POST
    • bit by bit
    • By bit by bit 5th Mar 18, 10:11 AM
    • 165Posts
    • 735Thanks
    bit by bit
    bitbybit's road to freedom
    • #1
    • 5th Mar 18, 10:11 AM
    bitbybit's road to freedom 5th Mar 18 at 10:11 AM
    Hi all,

    Welcome to my shiney new diary. I am a 52 year old nurse with a DH and 4 children all over 18. DD, the youngest is at uni and two of the 3 DS's are living at home for various reasons.

    I have been watching you all over the years beavering away at clearing your mortgage. I have been following your strategies, but never had the courage to post my own diary. Now I am three years from retirement and I have a mortgage that I can finish in three years if I work at it.

    I have two targets really. First is to pay of what is left of my mortgage. I am lucky. I am on husband no 2. When we met I had my own house whiich I sold at a loss in the late '90s. He still had a house so he rented it out and I bought a 3 bedroomed detached for us and the kids for £55000. it was an enormous sum at the time. Over the years we have extended it along with the mortgage. At it's highest it was £75000. I carried on just paying off the basic mortgage until I had a light bulb moment.

    About 5 years ago I looked at my life and decided the thing I really wanted to do and never had the chance was to travel.I started looking around at how to pay for it. At this point I didn't even have emergency savings, My husband did but since the first husband I have been fiercely independent financially. Anyway, a quick search of the web directed me to good old MSE and eventually I found the forums. I had no idea I could overpay. I had no idea about savings.

    Well all that changed. I have 6 months of wages in the bank, loads of regular savers and I am a bank account tart. I have been overpaying for five years and knocked £25000 or so off the mortgage, mostly with my money and the odd boost from my husband; it took him until last year to get on board.

    We had hoped to travel from September 2019 for a year out but our plans were interrupted by treatment for cancer and we decided we would wait. You have no idea how much the savings were a comfort blanket.

    So my second target is early retirement. Lucky for me I am in the NHS and on the old pension offer which means I can retire at 55. I would like my mortgage cleared by then, all 31000 of it.

    I want to finish in March or April 2021. My DH is a year younger than me and we are aiming for him to retire a year after. He has a mortgage on a house he rents out and he is now overpaying that.

    After we have paid my mortgage off we will be downsizing. In the mean time we are doing up the house with a view to selling it in the future. It will take that long with all my clutter.

    So that's it for now. I am looking forward to travelling with you lovely people while I complete my mission for freedom.
    Wife, mother, gardener, nurse, cancer survivor. Aiming to retire at 55 in February 2021- 30 months to go.
    MFW 2018 #164 £963.51/£3200. Make 2018 in 2018 #30 £1465.13/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 51/52 bags of stuff plus lots of other items.
Page 1
    • Busy Mee1
    • By Busy Mee1 5th Mar 18, 11:42 AM
    • 691 Posts
    • 3,200 Thanks
    Busy Mee1
    • #2
    • 5th Mar 18, 11:42 AM
    • #2
    • 5th Mar 18, 11:42 AM
    Hello bit by bit and welcome to our little MF community.

    You are in a very similar position to us, I am working towards early retirement in April 2020. We also enjoy travel but decided not to wait for retirement so have started doing some trips. We live very frugally on a day to day basis to save towards the mortgage and travel

    I look forward to seeing how you get on
    • therocket
    • By therocket 5th Mar 18, 11:59 AM
    • 52 Posts
    • 190 Thanks
    therocket
    • #3
    • 5th Mar 18, 11:59 AM
    • #3
    • 5th Mar 18, 11:59 AM
    Welcome! Look forward to reading how you get on!

    I too am NHS but on the new pension so unfortunately am not lucky enough to retire at 55! Good luck, this is a fabulous and inspiring community!
    MFW - diary has finally arrived!
    • Kittenkirst
    • By Kittenkirst 5th Mar 18, 2:11 PM
    • 1,983 Posts
    • 10,663 Thanks
    Kittenkirst
    • #4
    • 5th Mar 18, 2:11 PM
    • #4
    • 5th Mar 18, 2:11 PM
    Welcome to your new shiny diary! Looking forward to cheering you on as you go.

    Feel free to tell me if its too personal but Im hoping the cancer treatment went well?

    Good luck with the decluttering- we made a small little fortune ebaying/gumtreeing/facebooking & carbooting lots of my clutter- I still have plenty to get rid of but it!!!8217;s a work in progress
    2018 MFW #20 - OP £3222.90/ £3000 107%
    Aug: £461.02 Sept: £10 Oct: £212.02

    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
    • bit by bit
    • By bit by bit 5th Mar 18, 4:06 PM
    • 165 Posts
    • 735 Thanks
    bit by bit
    • #5
    • 5th Mar 18, 4:06 PM
    • #5
    • 5th Mar 18, 4:06 PM
    Hi everyone. Thanks for the warm welcome.

    I do hope to get some money together from ebay/gumtree etc. I often get given things people don't want and I then try find a home. it makes them feel better but my house is a bit of a hoarders paradise. I am just about to start photographing a pile of books and bitsnbobs for gumtree now. If that fails I will go onto the facebook groups then ebay.

    Not too personal kittenkirst. The cancer treatment finished a little under two years ago. As far as can be told it has been sucessful. Ask me again in 5 years time

    Hi Busy Mee1 Your point is well taken. I realised very early on that you can wait for something and never do it. we are travelling as often as we can afford. Just we are doing small trips for the time being. I forgot to mention that one of the main reasons we can't take a year off now is that DH moved jobs a year ago. He had been working like a madman for years and our family life wasn't great. Now he is happier and we see more of him. He has energy for stuff again. I think it is a small price to pay for his health and well being.

    Sorry to hear you are on the newer contract therocket. They offered me the new contract but the pension arrangements were so bad that I would have been a fool to take it. I have this discussion at work a lot as I talk about retirement to colleagues. We are programmed to think that we can't retire until we have a pension. this is incorrect as we can retire when we want as long as we have enough in the bank to cover our lifestyle. DH is hoping to retire in 4 years but he won't get his work pension for another five years then the state pension seven years after that. We are stashing cash in the expectation that in 4 years time he has his mortgage paid off and 5 years of wages in the bank.

    I do worry about a lot of the NHS staff who are already complaining of back and other injuries in their 20s and are expected to carry on working unbtil 67. I certainly will be medically retired if that was the case for me.
    Last edited by bit by bit; 05-03-2018 at 4:08 PM.
    Wife, mother, gardener, nurse, cancer survivor. Aiming to retire at 55 in February 2021- 30 months to go.
    MFW 2018 #164 £963.51/£3200. Make 2018 in 2018 #30 £1465.13/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 51/52 bags of stuff plus lots of other items.
    • beanielou
    • By beanielou 5th Mar 18, 5:06 PM
    • 57,364 Posts
    • 234,783 Thanks
    beanielou
    • #6
    • 5th Mar 18, 5:06 PM
    • #6
    • 5th Mar 18, 5:06 PM
    Welcome
    Happy shiny new diary.
    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. MFW 2018. No 144
    • greent
    • By greent 5th Mar 18, 8:24 PM
    • 7,433 Posts
    • 75,347 Thanks
    greent
    • #7
    • 5th Mar 18, 8:24 PM
    • #7
    • 5th Mar 18, 8:24 PM
    Hello and welcome!

    When you are getting rid of items, a quick and easy solution for books/ dvds/ cds can be to scan them (with phone app - much quicker than typing barcodes in) to Ziffit (or music magpie) You don't tend to get much per item but you can get rid of lots in one go (worth scanning those rejected by one into the other) - can also get cashback as well

    Good luck with your journey!
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • bit by bit
    • By bit by bit 6th Mar 18, 6:21 PM
    • 165 Posts
    • 735 Thanks
    bit by bit
    • #8
    • 6th Mar 18, 6:21 PM
    • #8
    • 6th Mar 18, 6:21 PM
    Thanks greent. i will look at that . i have some course books that we could get rid of that way. Very heavy.
    Wife, mother, gardener, nurse, cancer survivor. Aiming to retire at 55 in February 2021- 30 months to go.
    MFW 2018 #164 £963.51/£3200. Make 2018 in 2018 #30 £1465.13/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 51/52 bags of stuff plus lots of other items.
    • bit by bit
    • By bit by bit 24th Mar 18, 11:09 PM
    • 165 Posts
    • 735 Thanks
    bit by bit
    • #9
    • 24th Mar 18, 11:09 PM
    • #9
    • 24th Mar 18, 11:09 PM
    Blimey, doesn't time fly when you are working your rocks off?

    So my decluttering plans have been almost on hold. Not getting enough sleep is killing me slowly.
    I am managing essentials like work and eating, fitting in training for the Moonwalk, but that is about all I have had energy for. According to F*tb*t I have had between two and four hours sleep every night apart from last night when I got a solid 7.5.

    Despite this I have been thinking and plotting my early retirement and paying off the mortgage.

    I am lucky to be able to retire at 55 but don't want to leave the job suddenly so I rang up to see how much I would lose if I went half time in the last year. I will lose some pension but overall not enough to stop me.

    I have pust somethings on ebay this week to boost the coffers. No takes but lots of watchers. Been working at the surveys too, althugh so tired I am falling asleep on Swagbucks and the like.

    I am looking forward to paying off another chunk of my mortgage at the end of the month. Roll on payday. The next payment and overpayment will take me well below £31000
    Wife, mother, gardener, nurse, cancer survivor. Aiming to retire at 55 in February 2021- 30 months to go.
    MFW 2018 #164 £963.51/£3200. Make 2018 in 2018 #30 £1465.13/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 51/52 bags of stuff plus lots of other items.
    • bit by bit
    • By bit by bit 26th Mar 18, 9:39 PM
    • 165 Posts
    • 735 Thanks
    bit by bit
    Lucky me. my nephew works in a restauraunt kitchen and has bought home 4 dozen eggs, discarded because there wasn't a date stamp on them. A half kg block of cheese, opened but wouldn't be used up. A load of apples, celery, aubergines and a duck breast, a piece pork and some beef. all in small amounts but as chief eker in my house I can make these ingredients into tasty stews and stirfrys. He also bought home 5 2litre cartons of UHT cream close to use by date and a 4 pinter of double cream. This has been used or frozen with a bit left for a leek and potatoe bake plus a cheesecake I am going to make.

    I reckon it has knocked a good £15.00 off the food bill for this month. We have three men in our house and they are piling through the eggs. Gave some to MiL too as she loves baking.

    I have put the £15.00 towards my overpayment which i hope to send off on Wednesday.
    Wife, mother, gardener, nurse, cancer survivor. Aiming to retire at 55 in February 2021- 30 months to go.
    MFW 2018 #164 £963.51/£3200. Make 2018 in 2018 #30 £1465.13/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 51/52 bags of stuff plus lots of other items.
    • beanielou
    • By beanielou 27th Mar 18, 8:08 AM
    • 57,364 Posts
    • 234,783 Thanks
    beanielou
    Good news on the grub.
    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. MFW 2018. No 144
    • Kittenkirst
    • By Kittenkirst 28th Mar 18, 12:04 AM
    • 1,983 Posts
    • 10,663 Thanks
    Kittenkirst
    Ooooh what lovely & tasty loot from your nephew- I bet he is in your good books this week
    2018 MFW #20 - OP £3222.90/ £3000 107%
    Aug: £461.02 Sept: £10 Oct: £212.02

    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
    • bit by bit
    • By bit by bit 28th Mar 18, 10:51 PM
    • 165 Posts
    • 735 Thanks
    bit by bit
    Thanks for popping in beanilou and Kittenkirst. Oh yes he is in our good books alright. Two of my DH nephews live with us, they are both grown up but came when young. A third one has left home. These two both work in kitchens and we get all sorts of goodies bought home.

    Good week this week. I overpaid just under £300 to drop my mortgage well below £31,000. Very please. If I can over pay like this over the next month or two I will get below £30,000. I can't wait.
    Wife, mother, gardener, nurse, cancer survivor. Aiming to retire at 55 in February 2021- 30 months to go.
    MFW 2018 #164 £963.51/£3200. Make 2018 in 2018 #30 £1465.13/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 51/52 bags of stuff plus lots of other items.
    • greent
    • By greent 29th Mar 18, 2:34 PM
    • 7,433 Posts
    • 75,347 Thanks
    greent
    Wow - brilliant food freebies
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • bit by bit
    • By bit by bit 30th Mar 18, 9:17 AM
    • 165 Posts
    • 735 Thanks
    bit by bit
    I know greent. I am very lucky. I get laughed at work for being so enthusiastic about it. My collegues wouldn't accept free food like this, finding it suspicous and possibly poisonous. They are the same people who knock my survey doing, mortgage overpaying and planning for early retirement, although not so much now that I AM making serious plans for early retirement. I tend not to talk about this side of my life these days. They don't get me thats fine, as long as i am happy about it all.
    Wife, mother, gardener, nurse, cancer survivor. Aiming to retire at 55 in February 2021- 30 months to go.
    MFW 2018 #164 £963.51/£3200. Make 2018 in 2018 #30 £1465.13/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 51/52 bags of stuff plus lots of other items.
    • michelle09
    • By michelle09 30th Mar 18, 9:51 AM
    • 820 Posts
    • 4,899 Thanks
    michelle09
    Welcome to the MF board! We Buy Books is really good for getting rid of books. I find it a little pickier than music magpie, but tends to pay out more. As greent suggests, if you're clearing, scan them all into multiple companies and picking the highest paying. It's a little longwinded but we picked up £300 clearing out before moving.
    • michelle09
    • By michelle09 30th Mar 18, 9:53 AM
    • 820 Posts
    • 4,899 Thanks
    michelle09
    Sorry your workmates aren't positive about it. My OH's workmates are the same, they mock him quite a bit. Scuppers them though, we picked up a 25 serving cake for £2.50 on the reduced counter last week and I took into my work because his would have been unpleasant about it!
    • bit by bit
    • By bit by bit 9th May 18, 7:26 PM
    • 165 Posts
    • 735 Thanks
    bit by bit
    Hi Everyone, still alive. I hope you can all get out to enjoy the weather while it lasts.

    I paid off £203.71 extra this month. Would have been double that but been enjoying little breaks away, not too spendy, and getting outdoors while the sun shines.
    I have also spent a considerable amount of time in training for the moon walk at the weekend. My out fit is ready (think saloon girl) and I can do the distance. No godod retirng early mortgage free if unfit, so this fits in with all my aims but cost a bit of money on my part. In return I have raised over £1300 so not complaining.
    Wife, mother, gardener, nurse, cancer survivor. Aiming to retire at 55 in February 2021- 30 months to go.
    MFW 2018 #164 £963.51/£3200. Make 2018 in 2018 #30 £1465.13/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 51/52 bags of stuff plus lots of other items.
    • bit by bit
    • By bit by bit 14th May 18, 11:08 PM
    • 165 Posts
    • 735 Thanks
    bit by bit
    Moon walk done and I am back. I calculated today that I will be sub £30,000 after my next mortgage payments go out on 2nd of May plus an overpayment of £110.00. Money is tight at the moment. I have loaned out some and spent quite a bit just having fun, going away etc. Most of the big expenditure has gone out on credit card so my priority is to clear that before my mortgage. I don't want to pay interest to a credit ever card again.
    Wife, mother, gardener, nurse, cancer survivor. Aiming to retire at 55 in February 2021- 30 months to go.
    MFW 2018 #164 £963.51/£3200. Make 2018 in 2018 #30 £1465.13/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 51/52 bags of stuff plus lots of other items.
    • bit by bit
    • By bit by bit 23rd May 18, 9:57 PM
    • 165 Posts
    • 735 Thanks
    bit by bit
    So I have been spending money fast of late. I have been away but also paid up front for different things, mostly holidays. It will continue to be spendy in the next few month but should settle down in August.

    In light of the money disappearing I have decided to reboot money saving strategies that I used up until February this year. I just couldn't be bothered, too tired etc.
    My main strategy was to keep a spending diary.
    My second strategy is to hit the food spending.
    My main area of expenditure after holidays is eating out. I go out a few times a week at least and really enjoy socialising. I haven't kept an eye on this and the times I am eating out has not changed but the time I buy food due to laziness has increased. So heare is the plan.

    No McDonalds on the way to the allotment on Sunday morning ( a totally unnecessary treat)
    Taking lunch to work every day. M&S at work are doing very well out of me. (again unnecessary)
    Take food and drink when I travel in the next month. (again lots of unnecessary spending to be prevented)

    If I just take these three things and work on them I will save myself a lot of money in a short space of time.

    So there it is. A commitment to my wasteline and my bank balance. Wish me luck.
    Wife, mother, gardener, nurse, cancer survivor. Aiming to retire at 55 in February 2021- 30 months to go.
    MFW 2018 #164 £963.51/£3200. Make 2018 in 2018 #30 £1465.13/£2018
    Stash Busting 2018 1 projects as yet No Clutter to be Seen in 2018 Challenge: 51/52 bags of stuff plus lots of other items.
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