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  • FIRST POST
    • newgirly
    • By newgirly 15th Apr 10, 11:02 PM
    • 5,860Posts
    • 40,031Thanks
    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 330
    • Moneyfordreams
    • By Moneyfordreams 8th Jun 17, 8:01 AM
    • 902 Posts
    • 4,396 Thanks
    Moneyfordreams
    hope you're ok newgirly, and your decisions are forming
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £158200
    h@lifax CC £4300 0% until May 2018.. will pay minimum for now, slow stooze
    CC daughter gift and holiday spends £2200
    • newgirly
    • By newgirly 8th Jun 17, 11:04 PM
    • 5,860 Posts
    • 40,031 Thanks
    newgirly
    Thansk mfd's I'm ok just a bit snowed under

    Busy week, work, kids etc. Same as usual! WW weigh in tonight and as I expected 1lb on could be the curry and wine last week perhaps..... back on track now though.

    Tomorrow will be busy again, I'm helping little brother strip his wallpaper as he completed today also ds2 has decided tomorrow is the day to bring his new girlfriend home - the house is a state and I won't be here most of the day, was hoping to stay up for the results but think an early night may be better
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • newgirly
    • By newgirly 11th Jun 17, 8:48 AM
    • 5,860 Posts
    • 40,031 Thanks
    newgirly
    what a stressful weekend

    Little brother completed on his maisonette, parents went on holiday, he is insured on mums mini but she won't let him drive it ( no idea why, she just says he's not used to it!) so I've spent the last two days driving him back and forth collecting plumbing parts and decorating stuff, solid traffic eveywhere here when the sun comes out.

    We have the builders arriving tomorrow so have had to clear the airing cupboard/ds2s wardrobes and ds1's bedroom, then move him into the conservatory.

    Ds2 decided last night that he didn't want to go to download festival today and he has got sunburnt at a car show yesterday, so after much negotiating dh is taking the ticket , so now I'm not going away! I'm fairly panicky about dh driving as I'm a control freak and always do the long distance journeys as dh is always tired it's about two and a half hours and ds1 has been told to make sure he is ok. Dh thinks I'm being ridiculous which is possible , but I can't help worrying.

    So now I have a free day, Dd has arranged for her and her boyfriend to have a hot tub day with his dd, she's 10 and loves going in it Ive bought them pizzas and an inflatable crocodile for their little party , which I may now gatecrash
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • AlexLK
    • By AlexLK 12th Jun 17, 12:13 AM
    • 5,820 Posts
    • 30,226 Thanks
    AlexLK
    Re. the house completion.

    The Mini situation sounds a bit silly. Why have someone insured as a named driver if you're not going to let the person drive it?

    What are the builders doing? (I may have missed something).

    Hope your husband got back safely. Isn't the Download festival at Donington Park? I imagine it will take them much longer than 2 1/2 hours from yours.

    Always enjoy reading your diary; it's probably the only one on here talking about inflatable crocodiles.
    Saved £11,000 in 2015, £9,800 in 2016.
    From a £32,000 debt on 2/9/2013 to debt free on 12/1/2015.
    • newgirly
    • By newgirly 12th Jun 17, 8:14 AM
    • 5,860 Posts
    • 40,031 Thanks
    newgirly
    Morning Alex, I've had a word with mum and apparently my she doesnt mind him driving it as long has someone takes him out for a trial run first as it's automatic -he's 34

    Dh made it almost bang on 2 and a half hours to download, Not his usual taste in music , he said it was a bit "hardcore"

    The builders are swapping our main bathroom with ds1's tiny box room , we will also steal a metre or so from ds2s room to make the new bedroom bigger. The box room will soon be a walk in shower room, they arrive today and I have not chosen any fittings yet as we will no longer have an airing cupboard I should probably have a vanity unit /cupboard in there, but I want a huge Art Deco style sink etc. Which would look better but be way less practical, I've wasted hours looking......

    You may have enjoyed our old Facebook page for our pet inflatable flamingo -Florence
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • themadvix
    • By themadvix 12th Jun 17, 8:22 AM
    • 1,117 Posts
    • 6,422 Thanks
    themadvix
    I'm loving the inflatable animals conversation here - Alex is definitely right about this being the only diary where this sort of thing happens! (On a related note, did you see this article?

    Hope the building work goes well NG - I shouldn't worry about not having ordered things... My mum is having a new cloakroom and kitchen and I've been there while she's been ordering things whilst the builder is waiting!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • newgirly
    • By newgirly 12th Jun 17, 8:30 AM
    • 5,860 Posts
    • 40,031 Thanks
    newgirly
    Oh poor little thing, I want to adopt him
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • themadvix
    • By themadvix 12th Jun 17, 9:45 AM
    • 1,117 Posts
    • 6,422 Thanks
    themadvix
    I know! (I've always quite fancied volunteering at a hedgehog hospital! (And from the reports, they need us more than ever - the decline is something shocking )
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • AlexLK
    • By AlexLK 12th Jun 17, 10:22 PM
    • 5,820 Posts
    • 30,226 Thanks
    AlexLK
    Morning Alex, I've had a word with mum and apparently my she doesnt mind him driving it as long has someone takes him out for a trial run first as it's automatic -he's 34
    Originally posted by newgirly


    Dh made it almost bang on 2 and a half hours to download, Not his usual taste in music , he said it was a bit "hardcore"
    Originally posted by newgirly
    I'd have thought it further.

    Some pupils went last year and said they enjoyed it.

    The builders are swapping our main bathroom with ds1's tiny box room , we will also steal a metre or so from ds2s room to make the new bedroom bigger. The box room will soon be a walk in shower room, they arrive today and I have not chosen any fittings yet as we will no longer have an airing cupboard I should probably have a vanity unit /cupboard in there, but I want a huge Art Deco style sink etc. Which would look better but be way less practical, I've wasted hours looking......
    Originally posted by newgirly
    Sounds like quite a job and a bit last minute with fittings not yet chosen!

    You may have enjoyed our old Facebook page for our pet inflatable flamingo -Florence
    Originally posted by newgirly
    Brilliant!
    Saved £11,000 in 2015, £9,800 in 2016.
    From a £32,000 debt on 2/9/2013 to debt free on 12/1/2015.
    • CathT
    • By CathT 13th Jun 17, 6:35 AM
    • 5,356 Posts
    • 36,766 Thanks
    CathT
    Hope building work goes well NG. I panicked when going through the process for our extension as we were borrowing and spending so much money. However, absolutely the best thing we ever did and I would not entertain moving now. We've created the *almost* perfect house for us in an area we love. Hopefully the council will get back to you soon and that will help with your decision making.
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • newgirly
    • By newgirly 13th Jun 17, 9:55 PM
    • 5,860 Posts
    • 40,031 Thanks
    newgirly
    Hi cath, Im glad you are so happy with all the work you have had done, I still have not decided yet but am swaying towards not having an extension

    Bathroom chosen and ordered, but the last Wednesday slot went whilst I was ordering so it's not due until Friday now builder can get on with doing other bits (if he continues to show up ) we went for a "moda planet" vanity unit 800mm in black with matching wall hung cupboard and a large walk in shower with plain glass sheet type of screen. I really fancied an Art Deco style or even an vintage reclaimed coloured Deco basin , but they are impossible to get hold of and probably something with storage is better.

    I've temporarily decided to ditch weightwatchers for mfp, I'm still going to the weigh ins for a few more weeks to support best friend but I'm really struggling with the limited things I can eat. I'm eating fruit and salad a lot as it's free but when a cucumber sandwich is a third your total day's allowance it gets tricky to stick to Day in day out. I'm going to have 1500 cals a day and give myself an extra weekly allowance of 1500 to splurge at the weekend, i stated it today and have eaten so much more than on WW , it was a lot easier to get through work too, the last few weeks I've felt pretty rough. As long as the weight goes down constantly I really dont mind how quickly or slowly it happens.

    Also went out for an hours walk this evening and went to bed early with a green tea
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • newgirly
    • By newgirly 16th Jun 17, 7:02 AM
    • 5,860 Posts
    • 40,031 Thanks
    newgirly
    Well some good news this week, I've lost 2lb that's about as far as good news goes

    My rather rude builder has knocked through the bathroom wall to ds2s room so he how has an "ensuite" he's done not much more than a day this week. Back today to build a new wall. The house is thick with dust but it doesn't seem worth cleaning some of it until he's gone again.

    ive asked him to give us a quote to plaster the ceilings in the other two first floor bedrooms and decorate and have new flooring laid/ skirtings etc. , he is not massively reliable but works to a really good finish (I'm told by dad) and is very cheap - he's quoted £3,500 to switch bathrooms , move internal brick wall etc. the other builder quoted £11,500.

    Mortgage wise I have no idea when it will be cleared at this rate! Ive paid for the shower room fittings which were £1200 (the colour I wanted was half price ) I believe dad was paying for the work and the materials including suite, however I'm not actually sure he is as I had to put it on my cc I will assume he is not as I don't really want to ask. Also will need to buy both boys new cupboards and desks, plus he odds and ends like blinds, lights etc.

    I went to see friend's parents extension last night, it's a bit bigger than our would be if we get planning permission. It's not helped me make a descision in getting ours done really. I'm still not sure that 50k odd for a much better layout but a very similar floor area is worth it? Adding a few months on feels ok, but adding a few years on feels a bit miserable, I'm looking forwards to having a bit more fun - as per my diary title
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • shangaijimmy
    • By shangaijimmy 16th Jun 17, 8:01 AM
    • 2,224 Posts
    • 10,242 Thanks
    shangaijimmy
    You're braver than us having an extension built! Looking at all the junk in our house from 3 kids and never ending supply of toys from the charity shop from grandparents, i know we'd only add more clutter! Instead i'm on a constant battle of tip and charity shops runs!!

    Though i can appreciate the excitement the planning generates. I'm sure it all work out perfectly!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • newgirly
    • By newgirly 16th Jun 17, 8:54 AM
    • 5,860 Posts
    • 40,031 Thanks
    newgirly
    oh dear! Ours are older so have much less now, but I remember how many toys they use to have, the in laws seemed especially good at buying massive plastic toys they didn't really play with
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • themadvix
    • By themadvix 16th Jun 17, 9:23 AM
    • 1,117 Posts
    • 6,422 Thanks
    themadvix
    Adding a few months on feels ok, but adding a few years on feels a bit miserable, I'm looking forwards to having a bit more fun - as per my diary title
    Originally posted by newgirly
    This! There's no way I could be as close as you are and then potentially add another £50k on.... you're so close to freedom!! (And just think, the house won't be so crowded when you and DH can afford to go away every weekend )
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • newgirly
    • By newgirly 16th Jun 17, 10:21 AM
    • 5,860 Posts
    • 40,031 Thanks
    newgirly
    Ha ha love it, that's a great plan

    I've been a bit torn about it, but am far more leaning to the side of not having the extension.
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • newgirly
    • By newgirly 18th Jun 17, 9:47 AM
    • 5,860 Posts
    • 40,031 Thanks
    newgirly
    Wow it's hot here already!

    Bathroom has been delivered and seems good, tiles for inside the shower bought - nobody else will like them lime green flat subway type tiles, bigger than the usual ones. Spent hours looking online and various tile shops and didn't like any, went to b and q to get something else and spotted the green ones in the clearance area , exactly the sort of thing I was looking for and only £12 psqm Still have to get the floor sorted.


    I usuually play it safe, but I did that with the current bathroom and the current ensuite- they are bland and Ive still got fed up with them.
    I'm now on the look out for some retro advertising mirrors to put on one of the walls, kind of Art Deco style hopefully.

    Taking dad out later for county pub drink for Father's Day, he has swim shorts and tshirts from m and s this year which were on offer, not that thrilling but he is impossible to buy for.

    No quote yet for the flooring and decorting etc. for the other two bedrooms, we had sort of decided to leave it now as it may tip us into another year for clearing the mortgage and that would be a tragedy only problem is dd is being a total diva and announced she doesn't want wood floor in her room only carpet (we want to do all the same, plus she is erm, a little messy......) it's her room and her choice and she will move it if we do it.

    General consensus from her dad and brothers is "quick get the wood floor in"

    So don't know what to do now, but I don't take well to being told what to do by my dd , now know as verruca salt
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • gallygirl
    • By gallygirl 18th Jun 17, 10:16 AM
    • 16,455 Posts
    • 107,804 Thanks
    gallygirl
    Bathroom has been delivered and seems good, tiles for inside the shower bought - nobody else will like them lime green flat subway type tiles, bigger than the usual ones. Spent hours looking online and various tile shops and didn't like any, went to b and q to get something else and spotted the green ones in the clearance area , exactly the sort of thing I was looking for and only £12 psqm Still have to get the floor sorted.
    I think it sounds lovely NG, a real splash of colour



    No quote yet for the flooring and decorting etc. for the other two bedrooms, we had sort of decided to leave it now as it may tip us into another year for clearing the mortgage and that would be a tragedy only problem is dd is being a total diva and announced she doesn't want wood floor in her room only carpet (we want to do all the same, plus she is erm, a little messy......) it's her room and her choice and she will move it if we do it.

    General consensus from her dad and brothers is "quick get the wood floor in"

    So don't know what to do now, but I don't take well to being told what to do by my dd , now know as verruca salt
    Could you compromise - wooden floor but a very large rug?
    Save
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • newgirly
    • By newgirly 18th Jun 17, 10:33 AM
    • 5,860 Posts
    • 40,031 Thanks
    newgirly
    Apparently a rug is a no go as well, I offered that straight away -a massive rug the covers most of the room.....
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • themadvix
    • By themadvix 19th Jun 17, 10:17 AM
    • 1,117 Posts
    • 6,422 Thanks
    themadvix
    Afraid I'm with DD here... nothing beats a cosy carpet in a bedroom (I once had laminate floor and not only did it show all the dust, but it was cold underfoot - it didn't last long!).
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
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