IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
Lulabelle's MFW Diary
Reply
Views: 83,273
Thread Tools Search this Thread Display Modes
# 701
nattypants
Old 04-12-2012, 10:24 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Sep 2006
Location: Scorchioland!
Posts: 2,548
Default

Seriously, I could never meet this level of O/P (well not the way I am with MOPS)

I am so looking forward to getting my tax code sorted out for once and for all - although that won't happen until April 13 so should be able to up the MOPs at this point.

Then November 2013 my monthly payment should drop (as product ends), although - although this is where I embarrassingly don't know what to do for the best, would you recommend that I keep monthly payments the same and decrease the years or with the new decreased monthly payment, go hell for leather on the overpayments?

Help
February13 - 94010.85 (or thereabouts)
MND - Let's go for 2020 'cos it's got a nice ring to it
C'mon nattypants
nattypants is offline
Reply With Quote Report Post
The Following 6 Users Say Thank You to nattypants For This Useful Post: Show me >>
# 702
lulabelle1
Old 05-12-2012, 8:02 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2011
Posts: 2,207
Default

When my mortgage rate was due to end I received a letter..... I had already decided that I would let it revert to the BMR which is 2.5%. We'd been on 5.69% from a 5 year fix so were overjoyed with the new rate.

Anyway, once we had the letter I just called them and asked for my payment to be amended so that it stayed the same and asked that they also leave the term as it is..... So we ended up paying the same each month and keeping the term the same.

I did think about reducing the term, but with my lender I am able to take back any overpayments..... Part of me thinks at this isn't a good thing due to the temptation, but at the back of my mind I think about LC's and perhaps B2L so I like to have a little bit of flexibility just incase.... Easier than having to apply for additional borrowing should I need the money for a new project.

I guess because of the flexibility, I am able to throw a lot more at the mortgage, knowing I have access should I need it. Tbh, the only time I have ever taken money back was earlier this year when I bought my new car. The feeling of buying the car with a debit card was amazing and I would never have even dreamt about being able to do this. If it wasn't for my MOPs I never would have been able to do that!

Have you worked out exactly when you would have liked to have paid the M off etc? If so, use this as a guide when thinking about MOPs and terms etc. I have the target of Dec 2016 implanted, so its always lurking at the back of my mind when I'm making other plans for the money!

I honestly have no idea whether we will be mortgage free anytime soon, but I figure that if we OP as much as we can, then it will buy us some flexibility and options for the future, whether it's to do a LC, invest in B2L or get a bigger house.........

Good luck xxx
As of 2 Sept 2014 we:
Own: 78% of our Home
O/S: 55,864
Aim: Mortgage Free by December 2016 (20 years early)On Track: May 2016
MFiT - 141 12/15
lulabelle1 is offline
Reply With Quote Report Post
The Following 6 Users Say Thank You to lulabelle1 For This Useful Post: Show me >>
# 703
gallygirl
Old 05-12-2012, 8:15 AM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Mar 2004
Posts: 13,138
Default

Quote:
Originally Posted by lulabelle1 View Post
I guess because of the flexibility, I am able to throw a lot more at the mortgage, knowing I have access should I need it. Tbh, the only time I have ever taken money back was earlier this year when I bought my new car. The feeling of buying the car with a debit card was amazing and I would never have even dreamt about being able to do this. If it wasn't for my MOPs I never would have been able to do that!
Ah yes, the bank of Lulabelle as opposed to the bank of mum & dad . I did the same when I bought my car, I hope you tried to act as nonchalant as I did as if 5 figures sums popped out of your debit card all the time . Paid it back to myself (well, Mr GG & me ) in 2 years and kept a record so I could keep track.

Re the house spends. I do think you need to be careful as you could get carried away (with your history and all, and it's harder to send posh carpets back than posh coats ......... ). But the alternative is to live in a hovel (ok, gross exaggeration) till the mortgage is paid off, then do it up. In say 5 years time the mortgage is paid off and you have a lovely home. Is it worth paying like crazy for 4 years and then doing up, or doing a mix of both and having a nice house in the meantime? I know what I would go for .
A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
Interim target: 100k by Aug 13 - met Sept 13 Next: 50k by Sept 14 - achieved Aug 14 Final: 0 by 1/9/15, currently 24.4k 24.3k

gallygirl is offline
Reply With Quote Report Post
The Following 8 Users Say Thank You to gallygirl For This Useful Post: Show me >>
# 704
lulabelle1
Old 05-12-2012, 8:42 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2011
Posts: 2,207
Default

Lol, I've never had a bank of mum and dad. I'm proud to say that since I got my first job, I've never had a single penny off anyone including my mum and dad.

Everything Ive got I've worked for. I'm the breadwinner in our house and DH leaves all things financial to me.... Good in some ways but can be a bit of pressure too. Tbh I like it this way, for various reasons I like to know that should I be left alone, then I could manage by myself financially. (a mum married 4 times has this affect on you as a child!)

Growing up we had very little, new shoes and coats etc would come with Santa as there just wasn't enough money..... I guess this is why I'm so focused on being financially independent. Thankfully I'm fortunate to bring home a reasonable salary, so tbh if I decide to treat myself to a nice new coat or similar, I'm just really grateful that I'm able to do it. Of course, treats for myself come after everyone else is taken care of, all bills are paid and savings and MOP are made.

For me, a happy balance is paramount. I could think of nothing worse that having to scrimp and save and have no fun along the way..... Sadly I've had some close friends become very I'll recently, and it highlights what we all know, life really is too short. So a happy balance will win hands down with me every time.

Wow, very serious for a Wednesday morning. I'm starting to think that this that's is providing me with some sort of therapy...... (and I don't mean shopping therapy GG!).....
As of 2 Sept 2014 we:
Own: 78% of our Home
O/S: 55,864
Aim: Mortgage Free by December 2016 (20 years early)On Track: May 2016
MFiT - 141 12/15
lulabelle1 is offline
Reply With Quote Report Post
The Following 7 Users Say Thank You to lulabelle1 For This Useful Post: Show me >>
# 705
lulabelle1
Old 05-12-2012, 8:44 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2011
Posts: 2,207
Default

Quote:
Originally Posted by gallygirl View Post
Ah yes, the bank of Lulabelle as opposed to the bank of mum & dad . I did the same when I bought my car, I hope you tried to act as nonchalant as I did as if 5 figures sums popped out of your debit card all the time .
Yes, it was great - I loved refusing their "kind" offers of "great" finance and advising that I would "just be paying for it"...... Apparently quite unheard of in these days!
As of 2 Sept 2014 we:
Own: 78% of our Home
O/S: 55,864
Aim: Mortgage Free by December 2016 (20 years early)On Track: May 2016
MFiT - 141 12/15
lulabelle1 is offline
Reply With Quote Report Post
The Following 6 Users Say Thank You to lulabelle1 For This Useful Post: Show me >>
# 706
gallygirl
Old 05-12-2012, 9:47 AM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Mar 2004
Posts: 13,138
Default

Quote:
Originally Posted by lulabelle1 View Post
Yes, it was great - I loved refusing their "kind" offers of "great" finance and advising that I would "just be paying for it"...... Apparently quite unheard of in these days!
Mr GG is renowned for having crappy cars (I hated going fast in one as I had visison of a big bang, then it all falling apart with us sitting on the ground on the seats with Mr GG clutching the steering wheel ).

When he finally bought a decent one all his friends and I got hours of entertainment, it was so funny watching him squirm at the thought of spending proper money. He had no idea if he was getting a good deal or not but insisted on negotiating money off so I felt like phoning the garage in advance and saying 'bung 2k on the asking price so he thinks he's really negotiated well ). When he went to pay with his debit card it wasn't an account he usually used and couldn't remember the pin. I took a cracking photo of him standing over the machine with his head in his hands, which obviously got circulated with how much pain he was in at having to fork out proper money .
A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
Interim target: 100k by Aug 13 - met Sept 13 Next: 50k by Sept 14 - achieved Aug 14 Final: 0 by 1/9/15, currently 24.4k 24.3k

gallygirl is offline
Reply With Quote Report Post
The Following 9 Users Say Thank You to gallygirl For This Useful Post: Show me >>
# 707
Mortgage Reduction Novice
Old 05-12-2012, 12:21 PM
Serious MoneySaving Fan
 
Join Date: May 2009
Posts: 1,721
Default

Quote:
Originally Posted by gallygirl View Post
I took a cracking photo of him standing over the machine with his head in his hands, which obviously got circulated with how much pain he was in at having to fork out proper money .
GG you are so mean!
MFW: Nov 2008 156k, Oct 2013 137k
Mortgage Reduction Novice is offline
Reply With Quote Report Post
The Following 7 Users Say Thank You to Mortgage Reduction Novice For This Useful Post: Show me >>
# 708
Fortune Smiles
Old 05-12-2012, 2:12 PM
Serious MoneySaving Fan
 
Join Date: Jun 2011
Location: The Garden of England
Posts: 1,532
Default

Quote:
Originally Posted by lulabelle1 View Post
For me, a happy balance is paramount. I could think of nothing worse that having to scrimp and save and have no fun along the way..... Sadly I've had some close friends become very I'll recently, and it highlights what we all know, life really is too short. So a happy balance will win hands down with me every time.
With you on that one...

"When you have only two pennies left in the world, buy a loaf of bread with one, and a lily with the other."
Although I may have been concentrating on the lilies recently.

We're all different and need to get there in our own way.

Fortune x
Emergency Savings: 100% Wedding Contribution: 24% Mortgage: 70% paid Home: 29 items purchased, oil tank replaced, living room decorated Weight Loss: -3lbs

"When you have only two pennies left in the world, buy a loaf of bread with one, and a lily with the other."
Fortune Smiles is offline
Reply With Quote Report Post
The Following 7 Users Say Thank You to Fortune Smiles For This Useful Post: Show me >>
# 709
lulabelle1
Old 06-12-2012, 10:00 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2011
Posts: 2,207
Default

Quote:
Originally Posted by Fortune Smiles View Post
With you on that one...

"When you have only two pennies left in the world, buy a loaf of bread with one, and a lily with the other."
Although I may have been concentrating on the lilies recently.

We're all different and need to get there in our own way.

Fortune x
Thanks Fortune, we may have a few too many lillies too

Painter man is still here - hall/stairs/landing look fab. Gloss next - we're just having all of the gloss work in the hall and landing done along with the kitchen and bathroom........ It was going to take him forever to do the whole house and whilst it would have been "nice", it wasn't essential. Hopefully he will be finished tomorrow..... It's impossible getting any work done whilst he is here as he whistles, sings and talks to himself all of the time - I'm not grumbling - it's nice to here someone so happy but difficult to make sales calls with it all going on in the background

So, off to London in an hour or so for a meeting - keeps me out of the house. Will need to wrap up warm, blooming freezing outside.
As of 2 Sept 2014 we:
Own: 78% of our Home
O/S: 55,864
Aim: Mortgage Free by December 2016 (20 years early)On Track: May 2016
MFiT - 141 12/15
lulabelle1 is offline
Reply With Quote Report Post
The Following 8 Users Say Thank You to lulabelle1 For This Useful Post: Show me >>
# 710
nattypants
Old 06-12-2012, 6:57 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Sep 2006
Location: Scorchioland!
Posts: 2,548
Default

Hope the meeting went well and you kept warm. No snow where I am (as yet) but very, very cold

I ordered snow boots last night (keeping this off my own diary) as I hate the thought of icy, slippery walks with the dog.......trying hard to stay away from expensive gloves that rhyme with mug
February13 - 94010.85 (or thereabouts)
MND - Let's go for 2020 'cos it's got a nice ring to it
C'mon nattypants
nattypants is offline
Reply With Quote Report Post
The Following 8 Users Say Thank You to nattypants For This Useful Post: Show me >>
# 711
lulabelle1
Old 06-12-2012, 9:17 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2011
Posts: 2,207
Default

Natty - I wish I'd known that you were interested in those gloves before I returned the ones I ordered..... I got them for 59 instead of 115 but the guilt made me return them.

Still lots of painting to be done, I really can't see that he is going to be finished tomorrow, so I'm going to get him to forget about the kitchen and just get the kitchen done in the new year. I really don't want to have to fork out for more than 4 days work as this is what I have put to one side...
As of 2 Sept 2014 we:
Own: 78% of our Home
O/S: 55,864
Aim: Mortgage Free by December 2016 (20 years early)On Track: May 2016
MFiT - 141 12/15

Last edited by lulabelle1; 06-12-2012 at 9:38 PM.
lulabelle1 is offline
Reply With Quote Report Post
The Following 8 Users Say Thank You to lulabelle1 For This Useful Post: Show me >>
# 712
nattypants
Old 06-12-2012, 9:57 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Sep 2006
Location: Scorchioland!
Posts: 2,548
Default

Oh no don't worry about the Mugg gloves, as even at a bargainitious 59, GG would only catch up with me and have me hung, drawn and quartered

I'll buy regular cosy gloves instead....I can only find one of my 'year before last' gloves otherwise I would have made done with the ones I had.

I have some money left from a secret birthday I secretly had last weekend so will buy sensibly

How are the carpets?
February13 - 94010.85 (or thereabouts)
MND - Let's go for 2020 'cos it's got a nice ring to it
C'mon nattypants
nattypants is offline
Reply With Quote Report Post
The Following 8 Users Say Thank You to nattypants For This Useful Post: Show me >>
# 713
lulabelle1
Old 06-12-2012, 10:00 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2011
Posts: 2,207
Default

Congrats on the secret birthday, I hope that you had the most fantastic secretive time?!

I'm still loving the carpets, really transforms the house... I just feel rediculously content, cosy, appreciative and very lucky at the moment.
As of 2 Sept 2014 we:
Own: 78% of our Home
O/S: 55,864
Aim: Mortgage Free by December 2016 (20 years early)On Track: May 2016
MFiT - 141 12/15
lulabelle1 is offline
Reply With Quote Report Post
The Following 8 Users Say Thank You to lulabelle1 For This Useful Post: Show me >>
# 714
lulabelle1
Old 06-12-2012, 10:01 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2011
Posts: 2,207
Default

Btw - you do realise that the missing glove will turn up minutes after the purchase of new gloves....
As of 2 Sept 2014 we:
Own: 78% of our Home
O/S: 55,864
Aim: Mortgage Free by December 2016 (20 years early)On Track: May 2016
MFiT - 141 12/15
lulabelle1 is offline
Reply With Quote Report Post
The Following 8 Users Say Thank You to lulabelle1 For This Useful Post: Show me >>
# 715
gallygirl
Old 06-12-2012, 10:26 PM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Mar 2004
Posts: 13,138
Default

Quote:
Originally Posted by nattypants View Post
Oh no don't worry about the Mugg gloves, as even at a bargainitious 59, GG would only catch up with me and have me hung, drawn and quartered

I'll buy regular cosy gloves instead....I can only find one of my 'year before last' gloves otherwise I would have made done with the ones I had.

I have some money left from a secret birthday I secretly had last weekend so will buy sensibly
Kept that quiet missus , hope it;s still fresh . Birthday money can be spent on anything frivolous, you go ahead hon . But best tie a string on them so you don't lose one .
A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
Interim target: 100k by Aug 13 - met Sept 13 Next: 50k by Sept 14 - achieved Aug 14 Final: 0 by 1/9/15, currently 24.4k 24.3k

gallygirl is offline
Reply With Quote Report Post
The Following 9 Users Say Thank You to gallygirl For This Useful Post: Show me >>
# 716
nattypants
Old 06-12-2012, 10:34 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Sep 2006
Location: Scorchioland!
Posts: 2,548
Default

Carpets have that effect, as do tumble driers

Thank you both for my secret birthday wishes, I like turning 40 - again.

X
February13 - 94010.85 (or thereabouts)
MND - Let's go for 2020 'cos it's got a nice ring to it
C'mon nattypants
nattypants is offline
Reply With Quote Report Post
The Following 8 Users Say Thank You to nattypants For This Useful Post: Show me >>
# 717
HelenDaveKids
Old 06-12-2012, 10:42 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Jun 2010
Location: My own world. But its okay, they know me here.
Posts: 2,490
Default

We had a whole year of renovating with no kitchen from April till November but the day we finally got carpets.... I went to work and boasted.. if you came to my house you can walk round without shoes!!! Oh it was lovely, no more danger of gripper to your heels or even rubble between your toes! Took months for that feeling to wear off, "we have carpet at our house"

Np - i feel as though Im stalking you through the diaries!!
Morgage till Nov30 MFW Sept 2016
MFiT-3(38) Aug11 -100K Oct 14 29.5k
New Year New Me 2014. Weight lost so far 4 Stone 7lb 0 lb to go!!!!!!!!!
"A goal without a plan is just a wish"
HelenDaveKids is online now
Reply With Quote Report Post
The Following 7 Users Say Thank You to HelenDaveKids For This Useful Post: Show me >>
# 718
nattypants
Old 06-12-2012, 10:53 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Sep 2006
Location: Scorchioland!
Posts: 2,548
Default

I went the opposite way and lifted the carpets up (hall and my bedroom which will revert to a dining room in the future) and arranged for floorboards to be sanded.

Thinking, in the future that I might also have living room floorboards done so only carpets in the bedrooms....but only maybe as carpet definitely way cosier.

I quite like that we are able to continue our conversations on each others diaries in a nice wee seamless transition....other people reading must be thinking wtf though
February13 - 94010.85 (or thereabouts)
MND - Let's go for 2020 'cos it's got a nice ring to it
C'mon nattypants
nattypants is offline
Reply With Quote Report Post
The Following 8 Users Say Thank You to nattypants For This Useful Post: Show me >>
# 719
HelenDaveKids
Old 06-12-2012, 11:18 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Jun 2010
Location: My own world. But its okay, they know me here.
Posts: 2,490
Default

Yes, tis true NP! Feel like your my MFW BFF!!

I do have none carpet rooms, bathrooms, hall, kitchen, utility. Old house we had lovely stained wood floor in dining room but unfortunately hasnt been an option here.

Do prefer carpet in lounges though as like say feels cosier.
Morgage till Nov30 MFW Sept 2016
MFiT-3(38) Aug11 -100K Oct 14 29.5k
New Year New Me 2014. Weight lost so far 4 Stone 7lb 0 lb to go!!!!!!!!!
"A goal without a plan is just a wish"
HelenDaveKids is online now
Reply With Quote Report Post
The Following 7 Users Say Thank You to HelenDaveKids For This Useful Post: Show me >>
# 720
lulabelle1
Old 07-12-2012, 7:36 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2011
Posts: 2,207
Default

Our entire downstairs is wood flororing but we have a massive rug in the lounge to add cosines! I do sometimes think it would be lovely to have carpet in the lounge but every time something is spilt (fairly often), I breathe a sigh of relief.
As of 2 Sept 2014 we:
Own: 78% of our Home
O/S: 55,864
Aim: Mortgage Free by December 2016 (20 years early)On Track: May 2016
MFiT - 141 12/15
lulabelle1 is offline
Reply With Quote Report Post
The Following 8 Users Say Thank You to lulabelle1 For This Useful Post: Show me >>
Reply

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT +1. The time now is 7:00 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 24 September 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

TuneChecker Top Albums

  • ALT-JTHIS IS ALL YOURS
  • PRINCEART OFFICIAL AGE
  • ED SHEERANX (DELUXE EDITION)

MSE's Twitter Feed

profile
Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
We use Skimlinks and other affiliated links in some of our boards, for some of our users.