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  • FIRST POST
    • Skinnylatte
    • By Skinnylatte 1st Jan 16, 5:27 PM
    • 1,100Posts
    • 4,617Thanks
    Skinnylatte
    Skinny Latte's Mortgage Mugging
    • #1
    • 1st Jan 16, 5:27 PM
    Skinny Latte's Mortgage Mugging 1st Jan 16 at 5:27 PM
    Wow this is a bit scary, leaving my safe little diary on the debt free wannabe board and starting a brand new sparkly diary here. It's like getting rid of an old teddy

    So here I am a MFW, ready to take on my mortgage and use any means possible, mainly legal, to get rid of it as soon as possible. So a few facts

    My Mortgage
    £133,895
    17 years and 5 months left to pay
    Interest is 2.49% interest only.

    About me
    Fairly good job, single, 2 kids aged 17 &18 one is in full time education and the other about to start a full time job.
    I have a couple of additional forms of income, a youtube channel, a information 'adsense' website and a drop shipping website. These pay for my car and mobile phone at the moment, if I dedicated a bit more time and energy to them they might pay for a lot more...!

    I would be delighted to be rid of this mortgage in 10 years, when the world will become my lobster - lets see what's possible
    Last edited by Skinnylatte; 01-01-2016 at 8:07 PM.
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


Page 11
    • Moneyfordreams
    • By Moneyfordreams 23rd Feb 17, 7:45 AM
    • 902 Posts
    • 4,398 Thanks
    Moneyfordreams
    Love getting a new car, but paying for it stinks
    I managed to switch my car loan to 0% cc last year. I did have a small fee for cash withdrawal from my old cc then switched to 0%, but now it's an interest free loan
    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
    • Skinnylatte
    • By Skinnylatte 23rd Feb 17, 8:53 PM
    • 1,100 Posts
    • 4,617 Thanks
    Skinnylatte
    Lame about the pension, but at least it's gone through. My new job is small enough to not even want to handle it, so I'll have to make payments myself post-tax and then (somehow) claim tax back. Still fighting HMRC for tax relief on the pension contributions I've made in the last year, so that should be fun...

    Congrats on the new(ish) car! That sounds brilliant. I don't understand why you'd buy a new car when almost-new is so much cheaper. (I did buy new once, but that was with an employee discount as my uncle worked for the car manufacturer. Still would have been cheaper to buy lightly used, I think.)
    Originally posted by hiddenshadow
    Does your employer not have to sort your pension out? It sounds complicated having to claim it all back, there should be an easier way!!
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 23rd Feb 17, 9:20 PM
    • 1,100 Posts
    • 4,617 Thanks
    Skinnylatte
    Love getting a new car, but paying for it stinks
    I managed to switch my car loan to 0% cc last year. I did have a small fee for cash withdrawal from my old cc then switched to 0%, but now it's an interest free loan
    Originally posted by Moneyfordreams
    That's an interesting thought, it can go on to credit cards at 0% at some point, I will look in to that.

    Having said that although I did a good job paying off my original debt, I have been pants at paying off an 0% interest free CC that I took out to do some home renovations.

    I have £££ the saved up to pay it, but then I'd have no savings left and that's my safety net, I simply can't bear to part with it. Although savings are a little depleted after paying for DDs insurance (she's paying me back £100 per month). I need a plan and soon as it needs to be paid by August. I have 4,965.75 to pay by August, that's 59 days. £31 per day, £218 per week. Actually that's quite a lot! The other option is to shift it to another 0% deal at the end, which will cost me nearly another £100. Why did I ever do that, silly silly thing to do.

    Frugal things today included attending a free cheese tasting seminar for lunch, 151 miles travelled @25p per mile = £37.5, getting a maccys cappuccino on expenses and completing another loyalty card for a free one, another stash of hotel toiletries in the bag.

    Friday tomorrow woohoo, I hope you've all had a good one x
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • hiddenshadow
    • By hiddenshadow 24th Feb 17, 12:38 PM
    • 2,262 Posts
    • 10,226 Thanks
    hiddenshadow
    Does your employer not have to sort your pension out? It sounds complicated having to claim it all back, there should be an easier way!!
    Originally posted by Skinnylatte
    It doesn't kick in until 2018 as they're only ~20 employees. Apparently they're planning to sort it out in "a few months", but I'd rather not wait until then.

    The tax system here is much simpler on the surface than the US, but it seems like they are missing some really basic things, like having your pension provider update HMRC for you automatically and update your tax code that way. Waiting to hear back on my communication with HMRC to see if 1) I did it right 2) they'll actually adjust the amount of tax they're taking.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Nov '17 £105,759
    2017 MFW #56: £13,909/£15,000 92% / MFiT-T4 #15: £53,740/£90,000 59%
    • Skinnylatte
    • By Skinnylatte 24th Feb 17, 9:20 PM
    • 1,100 Posts
    • 4,617 Thanks
    Skinnylatte
    It doesn't kick in until 2018 as they're only ~20 employees. Apparently they're planning to sort it out in "a few months", but I'd rather not wait until then.

    The tax system here is much simpler on the surface than the US, but it seems like they are missing some really basic things, like having your pension provider update HMRC for you automatically and update your tax code that way. Waiting to hear back on my communication with HMRC to see if 1) I did it right 2) they'll actually adjust the amount of tax they're taking.
    Originally posted by hiddenshadow
    Well that's just rubbish, I hope you get it sorted quick. x

    I only got home at 8 this evening, and on a Friday too, how rude is that??

    164 miles travelled today £41 to claim. My claim for last month was £671 which was supposed to be paid today but there's no sign of it, I will have to chase Monday.

    Unfrugal things today included buying a nutri ninja off facebay for £30, lets see if we actually use it!

    Frugal things included a topcashback transaction suddenly appeared from April last year when I took out car insurance £3.23 to claim, and a 40p sandwich from staff canteen.

    I've a big list to get through this weekend, so need an early night
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 28th Feb 17, 10:33 PM
    • 1,100 Posts
    • 4,617 Thanks
    Skinnylatte
    Oh just one of those days, where the journey was a big rubbish and the hotel is falling apart. How I want my own bed...
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • greent
    • By greent 1st Mar 17, 4:27 PM
    • 6,422 Posts
    • 64,844 Thanks
    greent
    Oh just one of those days, where the journey was a big rubbish and the hotel is falling apart. How I want my own bed...
    Originally posted by Skinnylatte
    I remember days like that.. - urgh x
    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) £5034/£3286
    Net sales 2017 £1221.45/£500 PAYDOX17 £11937/£10k Decluttered 1730/2017 items
    • Skinnylatte
    • By Skinnylatte 5th Mar 17, 4:28 PM
    • 1,100 Posts
    • 4,617 Thanks
    Skinnylatte
    Nearly the end of the weekend and I've got a days holiday tomorrow
    Although I have got a little bit of work to do first thing, I'll get that out of the way first.
    Picking up my new car in the afternoon yay. Spending £45 having the old car valeted, washed and shampooed professionally, hoping there's no additional charges when it goes back to the lease company. I hope that's a good use of £45. I'm trying to keep minimal fuel in it, put £5 in today but the gauge didn't move and it said it only had 10 miles left to go, so put another £5 and it still says exactly the same
    Going to OHs for tea tonight, and DS is bringing his new GF round to meet us.
    I joined the MSE credit club, and even with the 2 recent loan searches still have an excellent credit rating It's amazing how much information they have on us, big brother is watching....!
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 9th Mar 17, 10:11 PM
    • 1,100 Posts
    • 4,617 Thanks
    Skinnylatte
    Oh deary deary me....

    New car is on the drive, l love it, but not the mpg, advertised at 70mpg and getting 48 Old lease car was collected and I was given a LOOOONG list of damage, I thought it looked absolutely fine, but they recorded every teeny weeny scratch, you'd think I'd been driving it through Narnia the way the report read, I can only wait now whilst they decide if it's fair wear and tear or not.

    Expenses STILL not paid. Submitted on Feb 9th, £671 and apparently with the finance director for approval as they're over £500 'as per policy' This months with be over £500 too, so I've going to be very mad if I have to wait 2 months every time.

    Finally, after a very long search purchased a new fridge freezer, £100 off gumtree, I get it home, all filled up and plugged in, looks fab and has lots of space...then starts making this wirring sound, after lots of googling it might need a new fan. The current plan of action is to leave it for a few days and see if a) it goes away or b) I get used to it.

    And to top it off I pop down to Aldini for some milk and come back with a £20 milk frother too, I mean how does that happen? Makes very nice hot chocolate tho
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 10th Mar 17, 7:04 AM
    • 1,100 Posts
    • 4,617 Thanks
    Skinnylatte
    DD just popped her head round the door to tell me we had run out bread, and what could she take for lunch at work. That's progress from a salad from the coop every day #happyfrugalmum
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Kittenkirst
    • By Kittenkirst 10th Mar 17, 7:29 AM
    • 1,608 Posts
    • 8,375 Thanks
    Kittenkirst
    That's a bit sucky about the freezer- hope it settles itself down!

    I love my milk frothier-was worried it'd b a fad style appliance but I use mine every weekend for quick posh coffees
    2017 MFW #20 - OP £2151.52: £2150 100%
    Last 3 months- Sep £206.32 Oct: £179.60 Nov: £12.58

    Emergency fund £3945/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • gallygirl
    • By gallygirl 10th Mar 17, 8:42 AM
    • 16,455 Posts
    • 107,806 Thanks
    gallygirl
    'They' (whoever 'they' are) always used to say you should leave a fridge 24 hours for the gas to settle before switching if on. Not sure if that's still the case, or if there was ever any truth in it?
    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"
    • hiddenshadow
    • By hiddenshadow 10th Mar 17, 10:06 AM
    • 2,262 Posts
    • 10,226 Thanks
    hiddenshadow
    I didn't really understand the point of our milk frother as I don't drink coffee, but then I discovered chai tea latte mix. Should try hot chocolate, too.

    (For anyone looking for a bargain - £1 from IKEA!)
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Nov '17 £105,759
    2017 MFW #56: £13,909/£15,000 92% / MFiT-T4 #15: £53,740/£90,000 59%
    • greent
    • By greent 11th Mar 17, 8:53 PM
    • 6,422 Posts
    • 64,844 Thanks
    greent
    Finally, after a very long search purchased a new fridge freezer, £100 off gumtree, I get it home, all filled up and plugged in, looks fab and has lots of space...then starts making this wirring sound, after lots of googling it might need a new fan. The current plan of action is to leave it for a few days and see if a) it goes away or b) I get used to it.
    Originally posted by Skinnylatte

    Is it a Samsung?
    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) £5034/£3286
    Net sales 2017 £1221.45/£500 PAYDOX17 £11937/£10k Decluttered 1730/2017 items
    • Skinnylatte
    • By Skinnylatte 17th Jul 17, 11:10 PM
    • 1,100 Posts
    • 4,617 Thanks
    Skinnylatte
    That's a bit sucky about the freezer- hope it settles itself down!

    I love my milk frothier-was worried it'd b a fad style appliance but I use mine every weekend for quick posh coffees
    Originally posted by Kittenkirst
    I didn't really understand the point of our milk frother as I don't drink coffee, but then I discovered chai tea latte mix. Should try hot chocolate, too.
    (For anyone looking for a bargain - £1 from IKEA!)
    Originally posted by hiddenshadow
    The milk frother was indeed a fad, I need to sell it!

    'They' (whoever 'they' are) always used to say you should leave a fridge 24 hours for the gas to settle before switching if on. Not sure if that's still the case, or if there was ever any truth in it?
    Originally posted by gallygirl
    Is it a Samsung?
    Originally posted by greent
    The freezer died a very un dignified death shortly after purchase, and was replaced by a very cheap but stylish brand new model with a 3 year warranty!
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • Skinnylatte
    • By Skinnylatte 17th Jul 17, 11:26 PM
    • 1,100 Posts
    • 4,617 Thanks
    Skinnylatte
    Well four months...where did that go? I've written in this diary a hundred times at least in my head, but its never got as far as the key board, and why not? I think that's because I've just not been very good at the frugal thing recently, in fact for a while, in fact since I paid off my debt.
    The interest free debt I took to pay for some home improvements nearly 2 years ago, assuming I'd pay it back in 12 months, still has £4500 left to go, and I've only made £400 in mortgage overpayments since I took it out a year ago. So my morgage mugging is no more than a light tickle
    SO what have I been spending my money on over the last 4 months? Well, some very sensible home improvements like work on the drive which now gives us parking for 3 cars not 2, a revamp of the patio, horrid old pavers up and shiny new gravel down (3 tonne shifted with my own fair hands) and a brand new shiny bathroom, that I've not yet had the bill for, but will deplete my emergency fund, not to mention having to have the electrics upgraded at £850
    Well that's the sensible stuff, I also admit to spending to much on clothes, shoes, posh nights out and holidays (did I mention the new car?)
    I've fallen off the wagon, regressed, relapsed, degenerated
    I don't have a plan to get back on track, but I need one. I must do another SOA and take stock. I'll be back soon.
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


    • hiddenshadow
    • By hiddenshadow 18th Jul 17, 6:52 AM
    • 2,262 Posts
    • 10,226 Thanks
    hiddenshadow
    Good to see you back, SL! At least you spent some money on useful home improvements - that should increase the value of your house a bit as well?

    Always sobering to have to re-analyse spending/budget, but every time I do I find it worthwhile in the end.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Nov '17 £105,759
    2017 MFW #56: £13,909/£15,000 92% / MFiT-T4 #15: £53,740/£90,000 59%
    • shangaijimmy
    • By shangaijimmy 18th Jul 17, 6:56 AM
    • 2,231 Posts
    • 10,256 Thanks
    shangaijimmy
    And you had the house improvements from a position of financial strength. Relighting of LBM and you'll be into it with renewed vigour!
    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
    • Kittenkirst
    • By Kittenkirst 18th Jul 17, 7:59 AM
    • 1,608 Posts
    • 8,375 Thanks
    Kittenkirst
    I'm still using my milk frother every weekend which helps me to stay out of Starbucks as much as I can!

    Glad to see you back SkinnyLatte, sounds like you've got loads of home improvements sorted which sound fab don't be too hard on yourself re lapsing recently, get back on it and you'll do great!
    2017 MFW #20 - OP £2151.52: £2150 100%
    Last 3 months- Sep £206.32 Oct: £179.60 Nov: £12.58

    Emergency fund £3945/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • Skinnylatte
    • By Skinnylatte 21st Jul 17, 10:44 PM
    • 1,100 Posts
    • 4,617 Thanks
    Skinnylatte
    Aw such lovely support on here, I think the LBM it on the horizon, tho spent £32 on a takeaway tonight so poor. Need to sort it out
    Mortgage @ 12/04/2015 £136121 £120,525 11.45% DI £9.13 £6.48
    Mortgage free day 06/03/33 07/12/2032
    Emergency/Offset Account £
    3365/£6000
    CC Balance £6100
    £3690 Paid 39.5%
    1st LBM 02/06/2013 £21595 Debt Free Day 27/03/2015


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