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  • FIRST POST
    • newgirly
    • By newgirly 15th Apr 10, 11:02 PM
    • 5,859Posts
    • 40,017Thanks
    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 339
    • themadvix
    • By themadvix 2nd Sep 17, 2:16 PM
    • 1,117 Posts
    • 6,417 Thanks
    themadvix
    Great weightloss NG and happy birthday to your DH!
    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 2nd Sep 17, 4:38 PM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    Good night out yesterday, everyone had too much to drink (except me who was keeping an eye on them all ) went to a well known Essex town not that far away in distance, but what a culture shock
    Very "lively" police , bouncers and security guards everywhere! The evening ended up with them all getting a kebab and a bus home, one of the guys stayed on our sofa last night. I think dh enjoyed it and was happy everyone came. £55 spent on dinner in the wetherspoons before we met the guys from work, £30 cash on drinks -not including however much dh spent of his own money though which was probably a lot

    I've just applied for a new cc , my current one is constantly not creating a statement when it says it will, I ring the bank and tell them , they assure me that the next few days spending will go on the next months statement then it doesn't, it makes it hard to budget.

    I've gone for the "intu" one recommended on mse, £60 shopping vouchers for my local shopping centre, in £20 increments depending on spending levels over a year which I will reach, plus 0.5% cash-back in voucher form.

    It's mucked up this month, plus I've overspent by £200 last month it seems, I'll have to under spend on the new card by £200 this month and it won't arrive for 7-10 days so I've got £70 cash to last until it does, oh and no petrol.

    Looks like that's the next challenge then
    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.
    • smallholdingsister
    • By smallholdingsister 2nd Sep 17, 5:37 PM
    • 3,532 Posts
    • 27,424 Thanks
    smallholdingsister
    £55 on dinner for 2 in 'spoons?
    • newgirly
    • By newgirly 2nd Sep 17, 5:58 PM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    no it was the five of us and the kids like to go for the steak

    I should add the kids went home afterwards and we went on to the bar, we aren't the worlds worst parents dragging them on a pub crawl!
    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 7th Sep 17, 3:21 PM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    Oops not posted since the weekend!

    Xmas shopping is still high on the list of priorities. I've signed up for the intu cc to get £60 worth of vouchers and have also signed up for an Amazon cc - £30 Amazon gift card already received as I ordered £50 of gift cards for Xmas

    I've located £20.50 of clubcard points so will order something online with those, perhaps perfume or aftershave. It not much but it all helps

    As I don't know when the payments will be due on the new cards I will not use either this month (except a small test amount on each), and will continue using the nationwide old card. I don't want to mess up my system

    Tomorrow night is my brother's birthday meal (and parents anniversary) there's will be 5 or 6 of us that I will need to pay for plus drinks first , it's all in the city and won't be cheap we were rather cruelly debating to not go or just me and dh going initially to save money, but I found my mum chatting to the kids about it the other day!

    Anyway, it's a done deal now, my family never seem to do anything on a budget

    Tomorrow is an exciting day as finally we can go and see "it" at the cinema, I'll take my brother as he has the day off for his birthday and whichever of the kids want to come.
    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.
    • Moneyfordreams
    • By Moneyfordreams 7th Sep 17, 7:36 PM
    • 902 Posts
    • 4,396 Thanks
    Moneyfordreams
    Xmas already??? I haven't had my summer holiday yet
    Our Xmas will be started when I get paid in November ....
    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 7th Sep 17, 10:23 PM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    I like to stretch it out as much as possible all prep and shopping done well before December if possible, then plenty of time and hopefully enough cash left for various Xmas nights out
    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 9th Sep 17, 12:11 PM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    Great meal out for little brothers birthday last night in Hoxton, today am off with 19 ladies to the proms at the park, dressed in red white and blue with Union Jack shoe laces dad and brother are at the Albert hall again for last night so I'll be watching out for them

    Mortgage wise no news, new credit cards have not arrived so I'm using the old one still and am on budget so far this month, although that may well not last
    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.
    • Spamtastic
    • By Spamtastic 9th Sep 17, 12:38 PM
    • 46 Posts
    • 192 Thanks
    Spamtastic
    Any plans to see IT? I remember you're mad keen on all things dark and spooky.
    • smallholdingsister
    • By smallholdingsister 9th Sep 17, 2:18 PM
    • 3,532 Posts
    • 27,424 Thanks
    smallholdingsister
    Enjoy the Proms.
    • michelle09
    • By michelle09 9th Sep 17, 2:24 PM
    • 395 Posts
    • 1,449 Thanks
    michelle09
    Ditto! We don't buy for many people but it's almost all planned - buy in sections every month so December isn't too painful.

    Enjoy the proms.
    • newgirly
    • By newgirly 10th Sep 17, 7:42 AM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    Any plans to see IT? I remember you're mad keen on all things dark and spooky.
    Originally posted by Spamtastic
    We saw IT on Friday- I loved it it felt like a proper retro eighties king movie, lots of fun and I recommend it.

    Thanks Michelle and shs, the proms was good but different to what I expected, ive only been to the actual proms at the Albert hall before and assumed it would be the whole last night beamed live across to us with a few warm up live acts first -it wasn't we saw ray Davis, steps, Texas and Elaine page - then the last half hour /45 mins of the actual proms. But it was a good day and I met some nice ladies who clearly know how to set up a comfortable large picnic area great food and dozens (yes dozens ) of bottles of booze! I am just an amateur as I switched to Coke!

    No proper plans for today, dh has popped to work for a while, ill do a bit of ironing and housework and maybe go to the cinema with him later. Also need a trial run of packing to see what I have for Tuscany which is in less than two weeks, I'm starting to panic slightly now
    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.
    • smallholdingsister
    • By smallholdingsister 10th Sep 17, 8:01 AM
    • 3,532 Posts
    • 27,424 Thanks
    smallholdingsister
    Tuscany how exciting!! Bet the weather is fab there in September.
    • newgirly
    • By newgirly 11th Sep 17, 8:34 AM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    Fairly lazy day yesterday, went to see 'The Limehouse Golem' with ds2 and dh with our Cineworld cards, quite enjoyable. Now the summer holidays are over there should be a lot less kids films and more for us to see, plus its nice and cosy in the colder weather. Its always good to get our money's worth

    Just topped up Dds oyster and put a bonus £25 in her current account for food as she has been spending way more time at her boyfriend's lately (who lives with his dad and sisters) the last couple of weeks, she is always broke as the little she does earn is going in her isa to buy some where in the future, too sensible for her own good!

    I need to get a new 2018 diary soon as I do my financial planning in it, I'm really looking forward to next year as fingers crossed it will be the last whole year that we have a mortgage I can't believe we have not succumbed to moving/extending/buying a mini I wouldn't mind making a future plan for when it has gone and what needs doing to the house first.
    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 12th Sep 17, 7:34 AM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    Both new credit cards arrived yesterday statement dates are about the 7th and 8th of the month, so about a week later than he current one. The shopping centre one needs three levels of spending reaching so I will start using it now so I'll get some vouchers before Xmas.

    It means the budget will have to stretch to another week though. Thinking about targets for the rest of this year, spending on social pastimes rockets in the last part.

    This year so far planned for oct-Nov:

    OCTOBER:

    Harry Potter studio tour (again!) with dd- tickets bought, need money for chocolate frogs, will take packed lunch, petrol -£20?

    Halloween- either spooky dinner party for family or takeaway £30-100?

    Visit the princes Charles cinema for a horror film night with dh and kids £50?

    NOVEMBER:

    Prince exhibition at the o2 with drinks and dinner after (dhs birthday present) £70?

    Cruise to Amsterdam , paid for but need to pay petrol, spending money, tips and parking £500?

    Night at Xmas market with best friend and our dhs' , very posh hotel, all meals and drinks out and spending £500?

    DECEMBER:

    Ticket and drinks /meal to dreamgirls with the girly group of friends £55-100?

    Queen and Adam lambert gig with dd , best friend and mum -tickets bought earlier in year (£150 each ) £20 for fares and a drink

    Yearly Xmas day out with best friend , breakfast locally, afternoon tea in a trendy hotel, drinks at the ice bar, show , dinner and shopping, possible black cabs if tired £150-200?

    Meal out locally just before Xmas with best friend and our dhs £100

    Xmas show or cinema with dd, mum and aunt £100?

    Pre xmas "Xmas dinner" at home for family in December £40?


    Some of this is budgetted for £1000 savings in time for the cruise and hotel night, everything else needs paying for £635- £800 ish it probably seems bonkers to spend all that, but personally it's my favourite time of year and I'd rather do all that than a summer holiday. (Although we did actually have a summer holiday this year, even if I was ill, the whole time )

    It's going to be ridiculously tight as I still need to buy some presents too.

    Perhaps a budget of £500pm for food /petrol /misc. with a further £300 for autumn/ Xmas shenanigans and to try and stash a bit more away for presents.

    This will be from oct- Dec, and I will try to trim costs as much as possible on some of the treats,
    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 Sep 17, 7:24 AM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    Blimey, I'd not reaslised I hadn't posted In so long it's not like me.

    It s been another busy week, the boys are back at college (hooray!) dd is back at uni very soon, and I am away on Friday

    I've been feeling quite stressed out lately and I don't really know why, minor ailments that I've had before are starting to mildly return (stress related ones) which in turn I get stressed out about.

    The finances are way too tight this month and I will run out very soon, it's not really a major problem, in the old days it would have been a case of which credit card has enough available limit left to put food on it. It is still disheartening to be so close to the end and the odd month keeps tagging on to the finish line

    The diet has not gone well the last two weeks, after losing 5lb three weeks ago, I have put on 3 1/2 lb since, I've not really tracked what I am eating and have had too many treats, I've just not been the in the mood which is no excuse as I should do it anyway!

    So today has a long to do list:

    Take back ugly sandals I bought to walk around Italy in - can't wear them, although comfy they are just too old lady

    Iron and pack

    Do many loads of washing and iron what I can get dry (tumble which is only used for undies has died, outside airer has broken so I'm down to one heated airer, may stick the heating on today to clear the backlog!)

    Clean whole house

    Sort finances out and decide what to do regarding the fact that I've about £60 left to last until 7th October

    Pick up prescription

    Change beds

    Buy phone charger

    Buy present for mums birthday and cards/wrap

    Get some euros

    Stay positive
    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 20th Sep 17, 9:32 AM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    I have a few days off booked so now don't have to work until Tuesday week

    Plans for today, possibly cinema and lot s of cleaning /packing.

    As I'm away really early which is payday, I'm borrowing all of our wages from the offset to make all transfers before I go and I'll just pay it back on Monday from the wages.

    It's super tight at the moment and I've juggled everything that can be juggled without dipping into the new savings pot. It will be a longer month than usual as well as the budget now starts from 7/8th of the month not the 1st when the old credit card ran from. However hopefully we can just wing it and make the mortgage payments planned for the next few months, all going well we should go under £40k by the end of this year, I will be very annoyed if this doesn't happen anyway
    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.
    • sleepygirl126
    • By sleepygirl126 20th Sep 17, 9:42 AM
    • 273 Posts
    • 599 Thanks
    sleepygirl126
    I'm so relieved to see you enjoy yourself as well as overpay...I was starting to feel guilty about it!! Life is too short though! I'm going to write a list now of things booked to look forward too! Love it!!
    • newgirly
    • By newgirly 20th Sep 17, 11:43 AM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    Good idea sleepy girl, do you have a mf diary?
    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 21st Sep 17, 10:44 PM
    • 5,859 Posts
    • 40,017 Thanks
    newgirly
    All money shuffles done, packed and ready to be picked up at 4.45 am dh is suffering with a slight sniffle (aka man flu!) and is not in a great mood tonight, kids not bothered I am going away, it will probably be just the cat that misses me
    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.
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