Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • NorthernPeach
    • By NorthernPeach 25th Apr 18, 11:35 AM
    • 48Posts
    • 129Thanks
    NorthernPeach
    Trying to avoid a near life experience
    • #1
    • 25th Apr 18, 11:35 AM
    Trying to avoid a near life experience 25th Apr 18 at 11:35 AM
    Hi everyone,

    I've been a lurker on the forums for a few years and considered joining many times. Just over 18 months into our mortgage free quest I've decided to join to keep me accountable.

    A little bit about myself.....I live in the North of England with my SO and fur baby, we are 27 and 28 years old respectively! We bought our first home together in September 2016 with a mortgage of 134k at 3.29%. We carried out a lot of basic home improvements in the first year however we are still finding bits we want to change. I am an avid saver and often find myself with too many 'pots' I want to save into which holds me back from paying more off the mortgage.

    We have a reasonably 'healthy' monthly income but spend far too much on food and I apparently have an obsession for buying gym wear

    My main motivation to clear the mortgage early is to provide us with financial freedom and allow us to have more disposable income in the future! However, I am in a constant flux between living in the moment and saving for the future....trying to find a balance....hence the title of my thread 'Trying to avoid a near life experience'.

    Mortgage currently stands at:

    Mortgage Sept 2016 - 134000 April 2018 - 127239.39

    Target 1: Pay off first 10k capital = 124k - December 2018
    Target 2: 75% LTV = 112.5k - Summer 2021
    Lets do this!
    Last edited by NorthernPeach; 03-06-2018 at 3:16 PM.
Page 1
    • Tropically
    • By Tropically 25th Apr 18, 11:39 AM
    • 282 Posts
    • 874 Thanks
    Tropically
    • #2
    • 25th Apr 18, 11:39 AM
    • #2
    • 25th Apr 18, 11:39 AM
    I definitely feel you with the balance between living in the moment and saving for the future. Welcome and I look forward to reading your diary!!
    Mortgage started at 318,000 in June 2016. Original MF - 2041
    2017 OPs: 7000/7000
    Mortgage in Nov 2017 - 297,808
    • beanielou
    • By beanielou 25th Apr 18, 2:10 PM
    • 55,514 Posts
    • 222,875 Thanks
    beanielou
    • #3
    • 25th Apr 18, 2:10 PM
    • #3
    • 25th Apr 18, 2:10 PM
    Finding a balance is always difficult.
    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.
    • Kittenkirst
    • By Kittenkirst 27th Apr 18, 1:50 PM
    • 1,918 Posts
    • 10,274 Thanks
    Kittenkirst
    • #4
    • 27th Apr 18, 1:50 PM
    • #4
    • 27th Apr 18, 1:50 PM
    Looking forward to reading your progress as you go.

    We are also trying to find the right balance between savings, overpayments and enjoying life :

    How long do you have left on your Mortgage and do you have any goals for overpayments?
    2018 MFW #20 - OP 2236.18/ 3000 74.5%
    May: 361.07 June: 182.76 July: 53.21

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • NorthernPeach
    • By NorthernPeach 28th Apr 18, 8:10 AM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    • #5
    • 28th Apr 18, 8:10 AM
    • #5
    • 28th Apr 18, 8:10 AM
    Thank you everyone for your lovely replies!

    Looking forward to reading your progress as you go.

    We are also trying to find the right balance between savings, overpayments and enjoying life :

    How long do you have left on your Mortgage and do you have any goals for overpayments?
    Originally posted by Kittenkirst
    Our mortgage is due end in 2041 , it's very early days over here. We are currently in a 5 year fix so I'm hoping to get the balance down to 112,000 by summer 2021 which will take us to just under the 75% mark!
    In the even shorter term my target is to make 1000 in OP's this year, easy does it!
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • NorthernPeach
    • By NorthernPeach 28th Apr 18, 10:51 AM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    • #6
    • 28th Apr 18, 10:51 AM
    • #6
    • 28th Apr 18, 10:51 AM
    What a sunny start to the weekend, I'm not working either, bonus!

    The week has consisted of lots of work and new floor shopping, we are having some new laminate and skirting boards laid next weekend so we need to get on with painting the door frames and touching up the walls so it can look all nice and clean once laid

    MSE Tasks:
    - I finally cashed a birthday cheque (30) from Feb which will pay off my small amount of CC expenses for the month.
    - I managed to get the onions planted in the garden.
    - We had a couple of fine weather days, so the washing has been drying on the line
    - I sent back my overpriced gym leggings
    - Remembered to use TCB when I bought the laminate underlay.

    Not so MSE:
    - I forgot to prep lunch for Friday (One expensive meal deal later )
    - There was no free parking spaces in town so I had to pay a 1 to run my errands.
    - We bailed on Friday evenings tea plans and got supermarket pizza
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • NorthernPeach
    • By NorthernPeach 30th Apr 18, 8:47 AM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    • #7
    • 30th Apr 18, 8:47 AM
    • #7
    • 30th Apr 18, 8:47 AM
    We found out this weekend OH car needs 500+ in repairs so that has scuppered our budget for the month and to top it off we realised he has ripped his trusty pair of jeans. Luckily we found a replacement pair in mat*lan for only 16, that beats a 40 pair from N*xt!

    We attended a charity fundraiser on Saturday evening but we didn't know many people so ended up leaving early on, we took out 40 and came back with 17, quite happy with that! We paid our entry and bought raffle tickets etc so we didn't feel bad for leaving early, if we had stayed longer the money would just have gone behind the bar!

    We managed to rip all the skirting boards off in the kitchen and conservatory and repaint under the windowsill, feel like we are getting somewhere after many months of no DIY . It should look fab once finished however all I can currently see is pound coins running away

    Off to do a payday money shimmy and see if i can squeeze the budget any tighter!
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • NorthernPeach
    • By NorthernPeach 30th Apr 18, 9:17 PM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    • #8
    • 30th Apr 18, 9:17 PM
    • #8
    • 30th Apr 18, 9:17 PM
    Current account rewards cashed out 9.54...........Now where did I put those over-payment details!
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • NorthernPeach
    • By NorthernPeach 2nd May 18, 5:39 PM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    • #9
    • 2nd May 18, 5:39 PM
    • #9
    • 2nd May 18, 5:39 PM
    It is technically my friday (the joy of shift work)

    The week is going well so far;
    • I have been checking for surveys on OP on a daily basis
    • The onions I planted last week are showing signs of progress
    • I sent my mini OP across to the mortgage
    • Got 20% off some much needed replacement work shoes plus TCB
    • Confirmation of my gymwear return came through
    • I have taken my lunch to work and eaten from fridge/freezer for the past few days (By far our biggest weakness)

    I also did some sums last night (favourite past-time) and worked out I need to find an extra 35 a month in addition to our regular OP to make our 1000 target for 2018. Hoping to find the majority through TCB, Surveys, Interest etc so I can put more money into savings for a newer car. Although I do always just want to chuck it at the mortgage balance ...soo torn!

    Myself and a work friend have managed to get free access to a hotel gym with spa facilities tomorrow through work I think that might just be my biggest freebie in a long time Note to self: Must shave legs this evening
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • NorthernPeach
    • By NorthernPeach 3rd May 18, 11:01 AM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    Balance Update
    This months mortgage has come out today plus regular OP and my mini one from the other day - Balance now stands at 126,864.34
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • gallygirl
    • By gallygirl 6th May 18, 7:53 AM
    • 16,612 Posts
    • 109,706 Thanks
    gallygirl
    Chipping away slowly but surely .
    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"
    • NorthernPeach
    • By NorthernPeach 6th May 18, 10:18 AM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    So sad to think my standard repayment pays off more interest than capital, at least my regular OP tips the balance slightly
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • NorthernPeach
    • By NorthernPeach 6th May 18, 10:49 AM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    The new flooring and skirting is down it looks so much better, just waiting for my brother to bill me for his services now! Today will consist of lots of tidying and moving the furniture back, next stop ripping up the living room laminate.....will be ordering carpet sometime this week hopefully!

    We managed to get a refund on a spare pack of laminate, extra trim and some wax yesterday evening then preceeded to spend it all on enough snacks to sink a battle ship we definitely will not being going hungry this weekend! Must be good next week!!!

    Sent 50 to the emergency fund this morning and updated sig!
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • NorthernPeach
    • By NorthernPeach 9th May 18, 9:58 PM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    Quick update
    Nothing much to report here today, food shop done yesterday for the week for 44.50 now I just need to avoid the supermarkets for the rest of the week

    Been trying to complete a few surveys in my spare time however having no joy with PA or UGov However, I have joined the N*stle cereal club potentially may earn a few 's

    Made a small TT to the mortgage today to round it down, 14.34! Only need to find another 12 this month to stay on track ........ drip drip
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • Kittenkirst
    • By Kittenkirst 10th May 18, 4:43 AM
    • 1,918 Posts
    • 10,274 Thanks
    Kittenkirst

    Myself and a work friend have managed to get free access to a hotel gym with spa facilities tomorrow through work I think that might just be my biggest freebie in a long time Note to self: Must shave legs this evening
    Originally posted by NorthernPeach
    Totally feel your pain here, & with the hair washing or greasy hair decision you have to make daily if you workout regularly!
    2018 MFW #20 - OP 2236.18/ 3000 74.5%
    May: 361.07 June: 182.76 July: 53.21

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • NorthernPeach
    • By NorthernPeach 11th May 18, 10:02 AM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    Totally feel your pain here, & with the hair washing or greasy hair decision you have to make daily if you workout regularly!
    Originally posted by Kittenkirst
    I have to wash my hair everyday otherwise it just feels gross I realise its not good to wash it that often! Over the past few years I have started using dry shampoo to eek it out for another day but its not the same and that stuff is not cheap
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • NorthernPeach
    • By NorthernPeach 11th May 18, 10:10 AM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    Must be productive
    I must have a productive day, I'm working nights tonight so it means I have a lot of time to tackle some of my mental to do list and not spend all day reading everyone's diaries.
    1. Tackle the washing mountain (Wash & Put on the line)
    2. Empty and Fill the Dishwasher
    3. Print off APG voucher
    4. Take shoes back to store (Ordered online but too big )
    5. Get some cash out for the window cleaner
    6. Complete first task for cereal club (N*stle)
    7. Prepare a healthy tea for myself and OH

    Bedtime = 9am Sat morning!
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • NorthernPeach
    • By NorthernPeach 11th May 18, 5:08 PM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    Tackle the washing mountain (Wash & Put on the line)
    Empty and Fill the Dishwasher
    Print off APG voucher - I'll do this tomorrow
    Take shoes back to store (Ordered online but too big )
    Get some cash out for the window cleaner
    Complete first task for cereal club (N*stle)
    Prepare a healthy tea for myself and OH - Fail

    Additionally filled in lots of surveys on 1poll and earnt some cashback on my bulk food order
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • NorthernPeach
    • By NorthernPeach 12th May 18, 9:01 PM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    Today has been a pants day filled with anxiety and sleep deprivation!

    I forced myself and OH to get out into the short lived sunshine for a while and we went out for an early dinner, it made me feel a little better at the time but now I'm just back to work dread!
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
    • NorthernPeach
    • By NorthernPeach 23rd May 18, 11:10 PM
    • 48 Posts
    • 129 Thanks
    NorthernPeach
    This last week or so has felt slow. Paid my brother for the flooring and ordered some carpet to be laid next week...feeling pretty poor consequently. It will all be worth it in the end!

    I have been trying to cook more meals from scratch and I've done quite well at avoiding the supermarket...hoping this continues and my bank balance sees the difference. I need to continue to tackle the garden tomorrow strawberries, courgettes and green beans to plant, I have also eyed up a decrepit raspberry bush in town reduced to 1.25 which I might just have to go and grab tomorrow.

    Loving this warm weather ...is it here to stay all summer??
    Last edited by NorthernPeach; 23-05-2018 at 11:12 PM.
    OP's 2018 = 447.83 / 1000 Emergency fund = 353.47 / 1000
    Target 1: 367.63 / 2471.97 Pay off first 10k of capital!
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

99Posts Today

1,384Users online

Martin's Twitter