What a monumental day it is, indeed! I’ve finally reached my target of raising £15,000.
I officially set off on the quest of raising £15k in order to reduce my mortgage debt on the 16th April, 2007, and it officially ends today, 10th September 2007. That’s 137 days (4 months and 15 days). I actually gave myself 5-6 months so I’m genuinely really pleased with my progress.
Quick recap of my project
The Mission: To raise £15k so I can reduce my mortgage by enough to switch it to a repayment policy, with the monthly rent covering the monthly payments. You can read more about when, where, why and how from the very first entry of this project, I’m Going To Reduce My Mortgage By £15k.
28th April 2007 – I Raided My Piggybank To Help Pay My Mortgage
19th April 2007 – I’m Selling Unwanted Crap On Ebay To Help Pay My Mortgage
4th May 2007 – I’m Using Online Affiliate Marketing To Help Pay My Mortgage
8th May 2007 – Results From Selling Random Junk On Ebay
1st June 2007 – I Just Sold The Love Of My Life To Help Pay My Mortgage
10th June 2007 – I Got A Part-Time Job To Help Pay My Mortgage
17th June 2007 – I’m Using My Savings To Pay My Mortgage
5th September 2007 – I Freelanced My Skills To Help Pay My Mortgage
The Financial Breakdown
Here’s the final breakdown of how I managed to raise the £15,000.
Ok, some of you maybe noticing the donation entry of £71.77. Ok, I confess, I cheated a little. I was a little shy of the £15k I wanted to raise, so I made a charitable contribution to myself. However, I always said I wanted to raise approximately £15,000- being £71.77 shy is no biggie, right? Right.
Using the the money to reduce my mortgage by £15,000
Ok, so now I’ve raised the money I wanted, I’m going to use the entire amount to lower my mortgage. I’m going to contact my lender, Northern Rock, next week and make the payment. While making the payment, I’ll instruct them to change the mortgage from a interest-only policy, to a repayment policy.
Mission accomplished :)
Thanks to those that showed their support
I would just quickly like to say a big thank you to everyone that followed me through this journey and showed their support. It was more than encouraging.
I hope somewhere along the line some of you learned something, or perhaps even got inspired to start your own project. If so, good luck, and I’d love to hear about it…