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  • FIRST POST
    • newgirly
    • By newgirly 15th Apr 10, 11:02 PM
    • 5,220Posts
    • 35,927Thanks
    newgirly
    Pay off mortgage and start having fun!
    • #1
    • 15th Apr 10, 11:02 PM
    Pay off mortgage and start having fun! 15th Apr 10 at 11:02 PM
    I have been reading other peoples posts for a while,trying to get myself in the right frame of mind to start overpaying on the mortage.DH and I have a house worth about £220,000 with a mortgage of £159,000 although we only paid £120,000 for it (£93,000 mortgage) to start. So as you can see we have been not so great in the past! Last year we also owed about £20,000 on credit cards which is now down to £10,000. I really want to get rid of the mortgage before our youngest turn 18, the twins are nearly 10 now. So any words of encouragement would be great, I need keeping on the straight and narrow.

    Xmas paid for by saving £1 a day minimum in a sealed tin, plus homemade/sale stuff.
    Birthdays now in monthly budget, plus extra vouchers earned

    I am taking part in the earn £2012 in 2012 challenge on the up your income board, so whatever earned from that will be split between op's and holidays fingers crossed.

    Budget from may 2012 onwards:

    income.................2092.00
    child benefit..........188.60
    child tax cr..............0 no longer!
    total....................£2280.60

    mobiles x 2...........32.00
    tv licence..............12.37
    elec/gas................140.00
    water....................60.00
    council tax............125.83
    home insurance.......11.83
    pension..................21.90
    life ins....................15.17
    sky ........................21.00
    car tax....................15.83
    car ins.....................22.00
    car maintenance.........8.33
    petrol.......................60.00

    school dinners............48.00 (1 dinner/1 bacon sarnie each pw)
    pocket money.............20.00
    clothes.......................30.00
    birthdays....................50.00

    grocery.......................250.00
    (food/pets/cleaning)
    DH's money.................100.00
    0%cc ................................32.35
    mortgage interest.........425.00
    mortage overpayment....778.39


    money in: £2280.60
    money out:£2280.60







    This Forum Tip was included in MoneySavingExpert's weekly email

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    Last edited by newgirly; 16-03-2012 at 12:47 PM.
Page 299
    • newgirly
    • By newgirly 13th Oct 16, 8:05 AM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    Back on the diet bandwagon this week, lost a tiny bit more but still a long way to go. It seems much harder to lose weight than when I tried about 8 years ago, must be my age!

    Last time I lost 21lb in 55 days, I still want to shed 22lb and there are 73 days until Christmas, not sure if it's possible but I'm giving it a go. I seem to find it easier not doing it gradually, and having mainly soups ,salad and fruit.
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • newgirly
    • By newgirly 14th Oct 16, 11:13 AM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    £193.89 spent from food budget is far (£1000 oct1st -dec31st budget) Not bad, but other spending so far this month has been high after buying ds2 a winter coat from m and s (needed it now not when my vouchers arrive!) I also bought a sparkly top from next for me (£18) and have got petrol and a couple of other bits, total spend so far about £480 I think budget left for the month is now £208 and of that £139 should be for food.

    Predicted balance at the end of the year for the mortgage is £51,605, predicated balance for Dec 2017 is £21,827, I've been looking at the overpayment spreadsheet as I have a massive urge to spend money at the moment and need to put myself off
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • AlexLK
    • By AlexLK 14th Oct 16, 3:58 PM
    • 5,125 Posts
    • 25,858 Thanks
    AlexLK
    Predicted balance at the end of the year for the mortgage is £51,605, predicated balance for Dec 2017 is £21,827, I've been looking at the overpayment spreadsheet as I have a massive urge to spend money at the moment and need to put myself off
    Originally posted by newgirly
    Can't even imagine having a mortgage under six figures. All rather impressive, NG.
    Savings 2016: £9,790.
    £32,000 in debt on 2/9/2013. Debt free on 12/1/2015.
    Saved £11,000 in 2015.

    • newgirly
    • By newgirly 16th Oct 16, 10:16 AM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    Yuk, hangover (again!) I was totally bored yesterday home alone, then mum popped round to drop something off about 5pm and said come over for a drink , I ended up staying all evening and having a takeaway curry and a shed load of wine. dhs declined to join us as he was watching a film with Ds2 at home, but did collect me later what a star

    Christmas vibes at home today, the fruit is in to soak (should have done it yesterday but forgot) I shall be cooking the cake later, there is nothing in the world that smells as good as Xmas cake baking. Also need to gather up all the advent calendar gifts for my aunts calendar, she is having it as part of her birthday present in a couple of weeks. Also have gammon in the small sc, leek and potato soup in the large one and bread in the bm, not bad after a wine overload!

    Will be seeing inferno later at the cinema , looking forward to that
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • CathT
    • By CathT 16th Oct 16, 1:45 PM
    • 4,889 Posts
    • 33,494 Thanks
    CathT
    Sounds like a good Sunday to me.

    Enjoy the film!
    June 2010 £121,287
    Dec 2016 £84,056
    WIOTW Dec £91,392
    • newgirly
    • By newgirly 16th Oct 16, 8:26 PM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    I enjoyed inferno even though ds 2 said it was rubbish and it had dodgy reviews, 8/10

    Good news today Dd has won two more awards from her old college she won £250 a couple of years ago and has won the same award again and another £250 plus an extra one for exceptional work doing an extra a level £50, what a little star

    Ds2 is having a bad day, he is a massive fan of red dwarf and his best friend met one of the actors today at a bike race meet (Danny John jules) he spent the day chatting with the actor and his son, ds2 is now in for a lifetime of ribbing as he wasn't there and is very jealous
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • newgirly
    • By newgirly 18th Oct 16, 8:59 PM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    Eer oops mr t spend today £95 small list written and six bottles of wine bought it's not mse but there was 25% off. Lots of essentials and the stuff on the list too of course.

    Weigh in day today 2.5 lb off this week not sure how after the weekend, but I'm trying to have a lot less most of the time and still the odd treat or two. Determined to lose a minimum of two stones n total this year or hopefully more.

    The house is like Piccadilly Circus again tonight, dd and boyfriend here too. The boys have been arguing over which is bigger- the sse arena or just under half of Wembley stadium seriously they are like a comedy sketch! Still acting like they did when they were three sometimes I can see why dh stays at work late sometimes - peace and quiet
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • Firegirl
    • By Firegirl 18th Oct 16, 10:02 PM
    • 611 Posts
    • 2,460 Thanks
    Firegirl
    Great to have a stash of wine and you'll save in the long run. We always get wine in Lidl. We have a friend who works for s drinks company and said that it's really good quality wine there.

    Enjoy!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £225630
    Target for May 2017 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £216, 793
    14 Year Target Balance MF50= £207, 700
    • newgirly
    • By newgirly 18th Oct 16, 10:07 PM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    I don't often go to lidl but they do have some nice one there currently tasting a small glass of quirky bird red £4.75 plus 25% off , cheap and cheerful!
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • Firegirl
    • By Firegirl 19th Oct 16, 8:56 AM
    • 611 Posts
    • 2,460 Thanks
    Firegirl
    If I bulk buy I just drink more!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £225630
    Target for May 2017 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £216, 793
    14 Year Target Balance MF50= £207, 700
    • Muser1
    • By Muser1 19th Oct 16, 10:56 AM
    • 757 Posts
    • 3,898 Thanks
    Muser1
    If I bulk buy I just drink more!
    Originally posted by Firegirl
    Me too!! I have no self control.
    Mortgage Jan 13 99260.00 Nov 16 88800.34
    Emergency fund 2500.00
    • newgirly
    • By newgirly 20th Oct 16, 8:16 AM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    Well me too really!

    To do list :

    Ring m and s to switch accounts and get dh to do the same , currently home phone out of action so it might have to wait until I'm at work next week.

    Check accounts- I know I'm over budget for food spending this month already due to Tuesday's big shop, must do better in Nov. if I am to stick to the 1k budget.

    Buy a Lego advent calendar for ds1 - he has declined my homemade one this year however it's not all bad as I've always wanted a Lego one and they have £5 off today previously he was "too old" for one of these, now at 16 he is not
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • newgirly
    • By newgirly 21st Oct 16, 1:56 PM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    Still under budget for this month grocery wise, just checked and am at £296.45/ £333.33 still close as we have a family party for Halloween next Saturday to pay for too! If we go over I'll have a cheap November to make up for it. Went to a friends for dinner last night and she had pumpkin baileys which I tried and I can confirm its good need to get a bottle from tesco for the party before they sell out its on offer at £10

    Thought I'd do a rough plan of expenses I want to cover next month, this month has had extra spending on Halloween bits, rail discount card for dd, coat for ds2 , bag for ds2 but a gift meal for 2 (got a voucher for £10 off so it was £20)

    November needs home and car insurance paying , but I should have enough in the savings pot to cover that. Also we are away for one night to a Xmas market with best friend and her hubby - a late 20th anniversary treat for us, so I want to put by £100 for that.

    Other things to buy in November are quilts for the kids - 2x single and one double plus if I can I'll get a new one for us too, just cheap thick winter ones.
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • CathT
    • By CathT 22nd Oct 16, 8:58 AM
    • 4,889 Posts
    • 33,494 Thanks
    CathT
    Xmas market sounds good. I managed to get to the Manchester one last year as was away with work.

    November sounds expensive. I've done no Christmas preparations yet so could find myself in a similar situation!
    June 2010 £121,287
    Dec 2016 £84,056
    WIOTW Dec £91,392
    • newgirly
    • By newgirly 22nd Oct 16, 5:25 PM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    Hi cath, Xmas is nearly sorted ( bit of Xmas boasting there ) not much else in my life is as organised to be honest!

    Bought the spiced pumpkin baileys today, but am worried it's not as good as I think , perhaps I should test it out tonight just to be sure also bought a few meal deals for her next few days, never really get packaged food but fancied a rest. Tonight it's the £10 posh meal deal for me and dh £10 incl. wine and tomorrow we have 2x pizza meal deals and sides for 7 of us for £12 total - can't complain at the price really, although it feels wrong not having a roast.

    Plans for Sunday are taking dd, her boyfriend and his dd pumpkin picking , am MOST excited about this as I've never been and am hoping it looks like hagrids back garden in Harry Potter.

    I bought the quilts today , after looking online they had 20% off at Argos at the moment , so I bought the cheapest ones , they did have great reviews though £22 for two doubles and two singles 13.5 tog, they seem nice and thick. We used to have goose down which cost a fortune but I have to say I prefer cheap.

    Payday Monday
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • newgirly
    • By newgirly 23rd Oct 16, 8:46 PM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    Have tested the pumpkin baileys a few times now

    Pumpkin "picking" was not good! Dd's boyfriends dd was sick in the car poor thing, then big queues , then all that was there was already picked tiny expensive pumpkins lying around a field. We bought a couple of little strange looking ones, red and white and one covered with boils but I'll get the big ones at the supermarket it's much cheaper.

    I've totally let myself down in the last week, I've been doing so well losing weight and it's like I've decided to rebel against myself and eat and drink for the sake of it fresh start tomorrow, weigh in Tuesday and hopefully not too much damage done!

    Tomorrow's food :

    30g porridge oats made with water, orange 165 cals

    Tin of low calorie soup, satsuma , small Apple 300 cals

    Low cal. Veggie moussaka, green veg, Greek low yoghurt, 450 cals

    Plus the odd tea and carrot sticks /apples/ Alpen bar.

    Don't want to be a diet bore but I need to commit to being good
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • newgirly
    • By newgirly 27th Oct 16, 8:12 AM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    Very busy this week, our assistant manager is off and we have had lots of fast turn around orders. I did a few extra hours yesterday and dh went in at silly o'clock today again! I may go in later for a few more hours but the house is a TIP and it's pumpkin carving day so I really don't want to

    Have not even made this months overpayment yet or for that matter checked what I've spent this month on supposedly "frugal October"

    Dd has got herself a lot London based short term job, signing people up to be delivery cyclists/drivers , £10 ph base pay plus high commission she does 7 hours pw, hopefully she will be good at it - she can talk to anyone so that will help. She is also off for an interview for a work placement today too.

    Back later for a financial update once I sort through it.
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 27th Oct 16, 8:21 AM
    • 3,669 Posts
    • 34,115 Thanks
    Secret Saving Squirrel
    Very impressed with your Christmas preparations. You have inspired me to make a list. X
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • newgirly
    • By newgirly 27th Oct 16, 10:39 PM
    • 5,220 Posts
    • 35,927 Thanks
    newgirly
    Love Xmas sss so it's not really a chore

    It's been pumpkin day today we settled on a giant pumpkin with the batman sign, a white pumpkin with a jack skelington face, various usual scary face small ones and the jewel in this year's crown of a pumpkin evil snowman, three pumpkins piled up with stick arms, holding a screaming small pumpkin with bashed up pumpkins to go in front of it, it's taken ds and I nearly all day, can you tell we are halloween mad

    No accounts sorted so it's not much of mf diary really no spend day today as we were carving whilst watching horror films all day! House still a tip ( but with a sticky pumpkin floor currently!) washing all done and ironing up to date so not a total failure.

    Plan for tomorrow- clean filthy house
    MFW 21
    Target for 2016 £30,000 \ £72,350.11 paid so far

    Mortgage £63,080 5 yrs 8 months left. Total owed £92,893.96.

    Weight loss 2016 - 18.25 lb lost 40lb target
    • CathT
    • By CathT 28th Oct 16, 5:52 AM
    • 4,889 Posts
    • 33,494 Thanks
    CathT
    We plan on doing our pumpkin this weekend, it won't be a fancy oneone as I'm not remotely creative. We have a friend who does amazing ones and now does them to order.

    We're a bit boring and leave a tub of sweets by the front door to avoid the door being knocked all evening! Fortunately we only get 'trick or treaters' on the 31st.
    June 2010 £121,287
    Dec 2016 £84,056
    WIOTW Dec £91,392
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