Author Topic: Make a substantial morgage repayment within 2 months  (Read 1970 times)

FI in NL

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Make a substantial morgage repayment within 2 months
« on: September 06, 2013, 01:53:21 PM »
Ok, so i've lurked around alot and am ready to post my challenge, so I can keep track.

I want to repay 3.000 euros of my mortgage by november 1st. I have already informed my bank, so can't back off.
I have a buffer sufficient to pay it, but I want to do it solely with selling stuff on the internet and spending less.

Fortunately my house is filled with all kinds of stuff I want to get rid of, and my pantry is also well filled. But my MMM-muscle isn't really tested like this.

The steps that i have taken for now:
The first item went on Marktplaats (our craigslist) and I will continue to put a lot on it. Would be so awsome to get some money back from all the pre-divorce years of buying expensive stuff.

I have a rule that i can only spend money if i didn't spend money yesterday. That way all small expences are diminished. I'm pretty sure it adds up to some nice amount.

I've already made substantial cuts in the fixed expenses so no win there. Did find a beerbottle I can return so 15 cents gain!

marty998

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Re: Make a substantial morgage repayment within 2 months
« Reply #1 on: September 06, 2013, 04:05:30 PM »
I'll bite, my goal is to knock another $22,000 off the beast by the end of this year. Will be a stretch, but hey, no use setting something easy.

FI in NL

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Re: Make a substantial morgage repayment within 2 months
« Reply #2 on: September 07, 2013, 01:59:00 PM »
Wow, 22.000 nz dollars is really Badass! Thanks for joining the challange Marty998.

This year I repayed 10.000 already but it would feel great to kick in another 3.000

I finished my first week selling some stuff, so the first 300 euro has been made. I was thinking of selling some paintings that ended up on the attic and hoped to get 100 euro for them both. I started googling the painter and found he is way bigger than i thought. Now i'm stuck as to where to sell to maximize the revenue. Should i just contact an auctionhouse, go Ebay or stick to Marktplaats?


marty998

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Re: Make a substantial morgage repayment within 2 months
« Reply #3 on: September 07, 2013, 07:43:57 PM »
Ahh I'm an Wallaby, not an All Black. We did get thrashed by NZ recently for the 11th year in a row in the Bledisloe cup so I might soon be claiming to be a New Zealander.

I spend money on nothing else, it's not quite a fair fight lol.

Good luck, every dollar off it now saves 4 later on.

cheers