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  • FIRST POST
    • newgirly
    • By newgirly 15th Apr 10, 11:02 PM
    • 6,113Posts
    • 42,225Thanks
    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 341
    • newgirly
    • By newgirly 24th Oct 17, 7:10 AM
    • 6,113 Posts
    • 42,225 Thanks
    newgirly
    Good news it's payday

    Bad news there will be hardly anything off the mortgage this month

    I've got a local carpet company coming to measure up Monday, I'm hoping it will be under £500. I've also bought a table extension on fleabay for £30 to match our current old but lovely dining table , with the extension we already have it will seat about 18 need to drive to Colchester to collect which is a good hour away this weekend.

    Back on the mfp this week and determined to get to target before Xmas. 22lb total loss so far 15 to go. My shopping day with best friend is on the 14th Dec. if I reach it I've decided to buy myself a Tiffany necklace for Xmas while we are shopping, if that doesn't spur me to the end nothing will

    Edit, I may stop 5/6 lb before target if I think it looks better, will have to see!
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • MoneyMission
    • By MoneyMission 24th Oct 17, 8:12 AM
    • 609 Posts
    • 3,020 Thanks
    MoneyMission
    Hi Newgirly
    Long time lurker here. Just wanted to say how well you're doing and how much I'll be envious of your stripy carpet if that's the route you choose. I think they're lovely.
    Back to lurkdom now!
    MM
    Last edited by MoneyMission; 24-10-2017 at 9:03 AM. Reason: schpellink mistake
    MFW 2017 challenge (No.39) £4,510.00 / £3,450.00 (130.72%)
    MFW 2016 challenge (No. 39) £3,791.00 / £3,300.00 (114.88%)
    • smallholdingsister
    • By smallholdingsister 24th Oct 17, 9:06 AM
    • 3,554 Posts
    • 29,826 Thanks
    smallholdingsister
    Sorry about the dog. If its an indoor dog normally then it is not a nice thing to do.
    • newgirly
    • By newgirly 24th Oct 17, 3:23 PM
    • 6,113 Posts
    • 42,225 Thanks
    newgirly
    The cat is poorly, she doesn't want food and has lost her voice, off to the vets at 4.30. Ds2 has been babysitting her all day. Not looking forward to it as it didn't go so well for the dog
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • newgirly
    • By newgirly 25th Oct 17, 7:20 AM
    • 6,113 Posts
    • 42,225 Thanks
    newgirly
    Cat has to go back today to see if antibiotics have helped, if not she needs sedation to see if it's more serious. She does seem to have perked up a lot and is eating so hopefully it's good news later.

    Money shuffle not done as I spent the evening watching American horror stories cult with ds 2, very good
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • smallholdingsister
    • By smallholdingsister 25th Oct 17, 7:31 AM
    • 3,554 Posts
    • 29,826 Thanks
    smallholdingsister
    God bless your puss cat. X
    • Moneyfordreams
    • By Moneyfordreams 25th Oct 17, 6:49 PM
    • 898 Posts
    • 4,439 Thanks
    Moneyfordreams
    I've enjoyed the few American horror stories I have watched . well it was in a hotel and couldn't figure out other channels

    hope cat ok .
    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
    • themadvix
    • By themadvix 26th Oct 17, 9:31 AM
    • 1,342 Posts
    • 8,055 Thanks
    themadvix
    Hope the visit to the vets goes well!
    OPs 2017 = £3103
    S&S ISA 2017 = £626
    OPs 2016 = £6142.12
    Starting balance 2012: £132000; balance Dec 2017: £96,822
    MFW2017 no. 38
    • newgirly
    • By newgirly 26th Oct 17, 11:29 AM
    • 6,113 Posts
    • 42,225 Thanks
    newgirly
    Hi Newgirly
    Long time lurker here. Just wanted to say how well you're doing and how much I'll be envious of your stripy carpet if that's the route you choose. I think they're lovely.
    Back to lurkdom now!
    MM
    Originally posted by MoneyMission
    Thanks for De lurking moneymission

    The cat is ok she improved greatly after the antibiotic injection and the vet managed to look down her throat yesterday and it was fine. It's such a relief, she is as my dd likes to say "mums favourite child"

    MFD's I highly recommend the new series of AHS -cult, based around when trump wins the election, it is quite gruesome in places though!

    I've still not done the money shuffle and we got paid Tuesday slightly hungover today due to dinner and drinks at wildwood last night with the girls, only had the salad though and no dessert

    Back later with updates.
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • smallholdingsister
    • By smallholdingsister 26th Oct 17, 1:57 PM
    • 3,554 Posts
    • 29,826 Thanks
    smallholdingsister
    Haha Mum's favourite child. Glad she is on the mend.
    • newgirly
    • By newgirly 26th Oct 17, 5:17 PM
    • 6,113 Posts
    • 42,225 Thanks
    newgirly
    [QUOTE=newgirly;71001360][QUOTE=newgirly;70636818][QUOTE=newgirly;70261012]
    OCTOBER update!

    Start figures 2017:

    Mortgage £58,613

    Loan. £21,773


    Total at Jan 1st £80,386


    As at today:

    Mortgage £47,354

    Loan. £ 15,517.22

    Total today; £62,871.22

    Total reduction so far this year: £17,514.78

    Total OCTOBER reduction :£682.78
    Originally posted by newgirly
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • newgirly
    • By newgirly 26th Oct 17, 6:01 PM
    • 6,113 Posts
    • 42,225 Thanks
    newgirly
    Not the best month for ops

    I've overspent this month on various things, and I've also lost track of food /petrol spends which is rather slack. I've overspent on the cc so will now just use the cash in my purse to see me through until 8th when I can use he cc again £76
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 26th Oct 17, 10:22 PM
    • 943 Posts
    • 4,314 Thanks
    wishingthemortgaheaway
    Not the best month for ops

    I've overspent this month on various things, and I've also lost track of food /petrol spends which is rather slack. I've overspent on the cc so will now just use the cash in my purse to see me through until 8th when I can use he cc again £76
    Originally posted by newgirly

    But your annual overpayments are amazing, you are amazing.
    The 100 payment countdown (each payment = £400) 2018 Starts at 13/100 o/s £34,750.
    Jan 18 14/100 o/s £34,400
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2025
    MFW 2018 Challenge Member #162 £124.36/£2,500
    • newgirly
    • By newgirly 27th Oct 17, 7:53 AM
    • 6,113 Posts
    • 42,225 Thanks
    newgirly
    That's very kind wishingthemortgaeaway, but stop as you are making me blush

    Weigh in day yesterday 1/2 a lb off , very disappointing hopefully a better result next week as I have been mostly very good.

    I might even get out for a long walk today as i am determined to get to target before Xmas .

    Off to the farm shop to buy veg today, less chance of an overspend I can't afford
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • smallholdingsister
    • By smallholdingsister 27th Oct 17, 8:56 AM
    • 3,554 Posts
    • 29,826 Thanks
    smallholdingsister
    Going in the right direction though. I imagine it is harder to lose when you are not that far off your ideal weight?
    • newgirly
    • By newgirly 27th Oct 17, 11:07 AM
    • 6,113 Posts
    • 42,225 Thanks
    newgirly
    I think it's more I get bored so go from being really motivated to couldn't care less fairly frequently, bit like my spending habits really

    You are doing well though
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • newgirly
    • By newgirly 27th Oct 17, 11:14 AM
    • 6,113 Posts
    • 42,225 Thanks
    newgirly
    As we added a month to the term we were aiming for (general overspending, conservatory repairs, stair carpet) I had a bit of a surplus over to put towards spending money for dds girly birthday weekend next year. But no, I have just realised that my figures have not allowed for the fact we will lose the child benefit when the boys finish college next year can't believe I don't forgotten that!

    So now no surplus and I've had to squeeze £200 on top to still keep the April 2018 end date. It's seems two steps forward three back sometimes
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • newgirly
    • By newgirly 29th Oct 17, 7:27 AM
    • 6,113 Posts
    • 42,225 Thanks
    newgirly
    Good weekend so far, went to visit our work friend's new house yesterday, he Sold his house last year and cleared his mortgage by moving out of London into Essex by the river crouch. He crazily still commutes to our factory in east London daily, but he does'nt mind the journey and loves it there. He insisted on buying us lunch at a pub, as we had him stay over Friday and I cooked his dinner, totally unnecessary of him but very kind.

    On the way home we passed the world best Xmas shop - it really must be me and I've been to many thought I'd get a table centre piece, I've always wanted a traditional candle type one. They had many to choose from and some with modern candle arches in then battery operated.

    Dh had the suggestion that we don't need to spend £99 on one of these as we could just make our own. I don't need any encouragement when it comes to spending on Xmas decorations which can hardly be classed as an essential (when you are trying to pay for a new stair carpet say....) so we grabbed a couple of baskets and happily started filling them with silk roses and poinsettias.

    The bill for everything came to £96

    There is something wrong with me!
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • smallholdingsister
    • By smallholdingsister 29th Oct 17, 8:11 AM
    • 3,554 Posts
    • 29,826 Thanks
    smallholdingsister
    This could be a new business?
    • newgirly
    • By newgirly 29th Oct 17, 10:15 AM
    • 6,113 Posts
    • 42,225 Thanks
    newgirly
    I wish, it's great fun! Seriously though they cost a LOT to make and I don't think anyone would pay what it costs let alone a profit

    I have nearly finished and have left over red roses and berries but a shortage of ivy, so I'm off to buy a bit more foliage and I should have enough to make a second much smaller one
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
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