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  • FIRST POST
    • newgirly
    • By newgirly 15th Apr 10, 11:02 PM
    • 5,896Posts
    • 40,614Thanks
    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 346
    • themadvix
    • By themadvix 27th Nov 17, 12:08 PM
    • 1,149 Posts
    • 6,693 Thanks
    themadvix
    Just to add balance - we've got one of those toilet seats (not for that reason, it was just the best replacement fit) and DH loves it because it makes it easier for *him* to clean!
    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 27th Nov 17, 12:50 PM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    Can't remember the last time my dh cleaned the loo, perhaps last time i gave birth
    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 28th Nov 17, 6:59 AM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    I'm lying in bed putting off getting up for work

    This week is too busy, meeting up with the girls who I've not seen for quite a while tonight, Xmas meal and pub crawl Friday, work, a day in york with my parents. I've not even had time to unpack yet and have a stinking cold.

    York is the one I'd like to drop really as it's such a long day and I don't feel well, but my parents have bought a flat to use there (after a throwaway comment by me! They can be rather impulsive ) we are supposed to be measuring up etc. So I feel mean not going.

    Sometimes you just need time to Potter at home, especially this time of year. I've overbooked doing things in December and then it gets stressful! I just want to watch Xmas films and put up decorations , maybe cook some mince pies etc.

    Moan over
    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.
    • greent
    • By greent 28th Nov 17, 8:26 AM
    • 6,506 Posts
    • 65,665 Thanks
    greent
    York is the one I'd like to drop really as it's such a long day and I don't feel well, but my parents have bought a flat to use there (after a throwaway comment by me! They can be rather impulsive ) we are supposed to be measuring up etc. So I feel mean not going.

    Sometimes you just need time to Potter at home, especially this time of year. I've overbooked doing things in December and then it gets stressful! I just want to watch Xmas films and put up decorations , maybe cook some mince pies etc.

    Moan over
    Originally posted by newgirly
    I love how your phone/ tablet/ whatever has autocorrected and capitalised 'potter' from where you're such a HP fan!

    Impulse flat buying.... never let your parents and Gally get together - just imagine how many property purchases could happen as a result!!!

    xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
    • michelle09
    • By michelle09 28th Nov 17, 8:40 AM
    • 451 Posts
    • 1,802 Thanks
    michelle09
    Very nice themadvix! To be fair, OH hates bathroom cleaning but does most of the laundry and all the vacuuming so I don't mind doing it. (I just disapprove of the assumption that I clean!)

    Wow, that is impulsive. York is lovely so I hope they love it. Can you reschedule that one if they own the flat?

    Hopefully you get over the cold quickly and then you can enjoy all your trips?
    • newgirly
    • By newgirly 28th Nov 17, 7:45 PM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    plenty more capital P's when I tell you about my Christmas tree theme this year

    Hi Michelle, we can go anytime but train tickets are booked. Sounds very wussy but I really can't see a 7am-9pm day out that easy, I've felt pretty rough all day.
    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 29th Nov 17, 1:19 PM
    • 1,149 Posts
    • 6,693 Thanks
    themadvix
    Very nice themadvix! To be fair, OH hates bathroom cleaning but does most of the laundry and all the vacuuming so I don't mind doing it. (I just disapprove of the assumption that I clean!)
    Originally posted by michelle09
    Totally agree about the assumption thing. DH is the other way around - can't be bothered with the laundry but doesn't mind the hoovering or cleaning bathrooms!

    NG do what you need to do about the weekend - if you're feeling under the weather then that sounds like far too long a day! Take care of yourself!
    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 29th Nov 17, 9:53 PM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    Thansk vix ive told my parents I won't make it to york tomorrow and they were fine with it. I've had a lazy day today, managed to put on a couple of loads of washing (including the Xmas bedclothes )

    Ordered some extra drink for December as mr t has 25% off 6 bottles and I had £31 in clubcard vouchers, so we should be getting close to fully stocked for boozy visitors

    Also bought myself an Xmas present for dh to give me - the new bop it, only £10.99 from argos. It's probably only second to monopoly for family fisticuffs at Xmas
    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 2nd Dec 17, 12:39 PM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    I managed to power through my cold yesterday on my girls Xmas night out with vast amounts of alcohol, not feeling so great now today

    Just made the advent stockings finally, only 120 gifts wrapped and labelled Xmas tree and decs are up including the new hall tree which is Harry Potter themed it has house baubles , the hogwarts expess, a few themed baubles and house bunting, it's great

    December food budget has started as I can use the cc from yesterday, I'm hoping for a £400 budget for the month.
    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 4th Dec 17, 9:13 AM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    Brilliant day yesterday with friends who we haven't seen for about four years (who introduced dh and I many years ago ) I did a huge spread and we got through an embarrassing amount of alcohol. I really need to have a while off the drink to let my body recover

    Lazy day at home today, I'm really happy about that as life has been so full on the last few weeks. I've tons of washing to do but other than that I'm going to hopefully make some financial plans for 2018, hopefully our last full year of having a mortgage -I can't believe I'm saying that
    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 4th Dec 17, 9:07 PM
    • 16,460 Posts
    • 107,863 Thanks
    gallygirl

    Impulse flat buying.... never let your parents and Gally get together - just imagine how many property purchases could happen as a result!!!
    Originally posted by greent
    How very dare you greent



    I'm going to hopefully make some financial plans for 2018, hopefully our last full year of having a mortgage -I can't believe I'm saying that
    Originally posted by newgirly
    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"
    • Betterthanever
    • By Betterthanever 5th Dec 17, 4:52 AM
    • 403 Posts
    • 2,174 Thanks
    Betterthanever
    Hope you're not feeling so *delicate* today!

    And hurrah to heading into the last year of a mortgage!!! I'll raise a glass to that!!

    Current balance £114,744.64. Offset £2,151.73. £112,592.91 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • newgirly
    • By newgirly 5th Dec 17, 7:17 AM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    Thanks guys, feeling quite optimistic I will do a bit better next year!

    So current dilemmas are - dd , she is in her second year at uni, living at home and I've been mostly paying her travel to uni (payg as she's not there everyday) she has just got a new job , her current part time job is ending December as they are closing down. New job they actually approached her for an interview, but its full time, therefore it may be very hard to fit around uni work placements etc. But she's giving it a go.

    She's offered to pay for keep, but I feel like as she is at uni we said we would pay for her but we aren't. I'm thinking of suggesting she just cover her own costs for travel instead of for paying rent? its tricky as I intend to charge them all rent eventually but save it to return in the future when they mov out. Dd however saves everything anyway, but I have to treat them the same, not sure what to do. I think it's the uni situation which makes it feel different.

    Second dilemma is ds2. His laptop (second hand and bought himself) has died, when dds broke last year I bought her a MacBook as it was better for what she needed at uni , my parents offered to pay and after a few weeks of saying no, I did let them pay. It was only Dd who needed one and they said if and when the boys need a new one we will do he same for them. Fast forward and I've asked dad if he has a spare old one we can borrow (he lent us a very old one!) which ds2 said was not up to date enough really, so I said thanks but gave it back as unsuitable. They have not offered to buy ds2 a new one. It's very awkward as I have never asked them to pay for anything ever, but ds2 will know they have bought Dd one and not him she has had the odd extra treat of over the last year or so (expensive concert tickets -but the boys would not have wanted to go type of thing) I'm not sure what to do!

    Anyway that's this mornings dilemas , I'm off to work
    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 Dec 17, 8:50 AM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    Very busy week again, went to see the dreamgirls (not my but of tea!) plus lots of meet ups with friends for lunch and dinner plus we are very busy at work. I did save most of my holiday for December and was supposed to finish this Wednesday, but dh lasted until Thursday beforehand he rang for me to go back in

    This weekend I have nothing booked in I'm going to do washing , cleaning , cooking and watch some movies plus I will be updating the finances to see where we are at and hopefully deciding on a figure for next year's mfw 2018 challenge.
    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.
    • CathT
    • By CathT 9th Dec 17, 2:45 PM
    • 5,379 Posts
    • 37,018 Thanks
    CathT
    Your last full year with a mortgage!! How exciting, looking forward to the plans. Have a restful weekend, I love having no plans!!
    Dec 2017 -
    part 1 - £79,783
    part 2 - £45,999
    Total - £125,782
    • newgirly
    • By newgirly 9th Dec 17, 3:53 PM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    [QUOTE=newgirly;70636818][QUOTE=newgirly;70261012][QUOTE=newgirly;70162335] NOVEMBER update!

    Start figures:

    Mortgage £58,613

    Loan. £21,773


    Total at Jan 1st £80,386


    As at today:

    Mortgage £47,079

    Loan. £ 14,941

    Total today; £62,020



    Total reduction so far this year: £18,366


    Total Nov reduction :£ 851.22
    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 Dec 17, 5:46 PM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    Hi cath thanks, you have a good weekend too!


    Figures updated a little late out of the £400 December grocery budget £107.53 has been spent.

    Next year's target will be ridiculously high again, this year's was £38,545 and we have only got to £18,366 so far however my view is if you are going to set a target make it a big one

    Next year's target to follow.
    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 Dec 17, 8:36 PM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    No where near setting a target at the moment as I've just signed up for a free months trial of ynab

    I just can't work out how to integrate my complicated system to it yet, I think as I usually pay by credit card and save for multiple goals at a time it could get tricky. I may have to take a longer term view and rethink my savings goals as it seems you can only have one savings goal to work towards, so I'm going to mess about and see if I can input a year of stuff into it.

    If it's too difficult I shall stick to the old system of a huge diary and calculator
    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 10th Dec 17, 4:03 AM
    • 5,896 Posts
    • 40,614 Thanks
    newgirly
    Can't sleep, I've been up since 1am when the sound of a drunk ds2 hitting the floor woke me. The boys went to a friend's with one bottle of beer each and ds2 has been in such a state I actually rang the NHS 111 helpline ds1 seems fine, ds2 needs watching so is sat up asleep downstairs with dh, I've tried to insist dh goes to bed and I'll stay up but he hasn't after a few hours so I have.
    I was in such a panic as they came back separately, and my alarm had not even gone off yet (I set it regularly so I can check they get in safely -or not!) why are kids so stressful?
    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.
    • daisy 1571
    • By daisy 1571 10th Dec 17, 8:38 AM
    • 169 Posts
    • 2,073 Thanks
    daisy 1571
    Oh dear, hope the boys are OK when they awake ng. I know I only stopped drinking like that once the hangovers kicked in and that wasn't till I was about 20 I think so you might have a few more of these nights ahead. Not the best way for you both to spend a Saturday night when you so busy with work.

    What did you decide about your daughter in the post from a few days ago?

    Daisy xxx
    "Never save something for a special occasion. Every day in your life is a special occasion" Take hold of every moment by anon

    The difference between what you were yesterday and what you will be tomorrow is what you do today
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