The Journey Begins...

Thriftmaster1973 · 14 August 2017 at 5:39PM

Also got shut of sky TV over a year ago and bought a freesat plus box, this was second hand but only used once.
It's paid for itself several times over when you think what I was paying sky.

Skinnylatte · 14 August 2017 at 7:22PM

I subbed, I think I can learn a thing or 2 from you! Paying extra into a pension is good too, you'll get the 25% tax relief

Thriftmaster1973 · 15 August 2017 at 11:09PM

Today I've been looking at my outgoings a little more. I have a sim only contract with three. It's unlimited mins and text, 4gb internet.
I never use a lot so have decided to move over to giffgaff on their £7.50 plan.
This will save £2.50, but will also mean not being tied to a contact which is due to end in early October.
Is anyone else in favour of not being "commited" to a contact and using pay as you go?

Thriftmaster1973 · 15 August 2017 at 11:40PM

Calculating my MPG

Does anybody else do this?

Don't worry, you don't need a top notch car with onboard computer, I drive a £300 shed.

I use this site to calculate my mpg.

https://www.torquecars.com/tools/uk-mpg-calculator.php

I get up to 43mpg in summer, drops below 40 in winter.

tori.k · 16 August 2017 at 7:13AM

Your missing the rest of your costs, insurance, tax, servicing, parts& depreciation this needs to be added together then divided by the number of miles per year. This will give you your true running costs per mile.

Thriftmaster1973 · 16 August 2017 at 12:59PM

All costs are in the SOA

The car stands me at £300, yes that's not a typo three hundred pounds so ultra low depreciation (you can get £125 - £150 scrap these days).

Had the car just over 2 years now.

I do most repairs and all servicing myself - again ultra low costs.

Tax, insurance, are in the SOA.

Following bangernomics methods to running a car saves me thousands.

Thriftmaster1973 · 17 August 2017 at 2:00PM

I've just registered with online mortgage with my provider as I will be using this method to overpay.

It gives me a choice about the overpayment and how it's applied.

These are

A. Apply overpayment & recalculate payment and interest.

B. Keep everything "as is"

C. Reduce term

Which method do you lot use.

Btw, interest appears to be calculated daily.

Thriftmaster1973 · 17 August 2017 at 2:05PM

I've copied and pasted the choices....

Pay off my mortgage earlier by reducing my mortgage term
Reduce my future monthly payments

Keep my existing payment and term as-is. (At the next natural mortgage payment change, i.e. interest rate change, my payment will be automatically recalculated).

Welshlassie · 17 August 2017 at 4:05PM

If there's no penalty I'd reduce the term.

Viking_mfw · 17 August 2017 at 4:52PM

I'd stick with 'as is' - keeps your payments the same so you're automatically overpaying a little more each time you do it. You can reduce the term when you re fix (or whatever) - or keep it the same for additional flexibility.

The Journey Begins...

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free