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Also got shut of sky TV over a year ago and bought a freesat plus box, this was second hand but only used once.
It's paid for itself several times over when you think what I was paying sky.Became mortgage free 1st March 20231 -
I subbed, I think I can learn a thing or 2 from you! Paying extra into a pension is good too, you'll get the 25% tax reliefPay off Car Loan £17,047 £10580 by Christmas 2022
Mortgage 1 @ 23/03/2019 [STRIKE]£101297[/STRIKE] £84457 16.6% DI [STRIKE]£6.95[/STRIKE] £6.15
Mortgage 2 @ 12/04/2015 [STRIKE]£136121[/STRIKE] £100,546 26.1
% DI [STRIKE]£9.13[/STRIKE] £6.07
1st LBM 02/06/2013 £[STRIKE]21595[/STRIKE] Debt Free Day 27/03/20151 -
Today I've been looking at my outgoings a little more. I have a sim only contract with three. It's unlimited mins and text, 4gb internet.
I never use a lot so have decided to move over to giffgaff on their £7.50 plan.
This will save £2.50, but will also mean not being tied to a contact which is due to end in early October.
Is anyone else in favour of not being "commited" to a contact and using pay as you go?Became mortgage free 1st March 20231 -
Calculating my MPG
Does anybody else do this?
Don't worry, you don't need a top notch car with onboard computer, I drive a £300 shed.
I use this site to calculate my mpg.
https://www.torquecars.com/tools/uk-mpg-calculator.php
I get up to 43mpg in summer, drops below 40 in winter.Became mortgage free 1st March 20231 -
Your missing the rest of your costs, insurance, tax, servicing, parts& depreciation this needs to be added together then divided by the number of miles per year. This will give you your true running costs per mile.0
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All costs are in the SOA
The car stands me at £300, yes that's not a typo three hundred pounds so ultra low depreciation (you can get £125 - £150 scrap these days).
Had the car just over 2 years now.
I do most repairs and all servicing myself - again ultra low costs.
Tax, insurance, are in the SOA.
Following bangernomics methods to running a car saves me thousands.Became mortgage free 1st March 20231 -
I've just registered with online mortgage with my provider as I will be using this method to overpay.
It gives me a choice about the overpayment and how it's applied.
These are
A. Apply overpayment & recalculate payment and interest.
B. Keep everything "as is"
C. Reduce term
Which method do you lot use.
Btw, interest appears to be calculated daily.Became mortgage free 1st March 20231 -
I've copied and pasted the choices....
Pay off my mortgage earlier by reducing my mortgage term
Reduce my future monthly payments
Keep my existing payment and term as-is. (At the next natural mortgage payment change, i.e. interest rate change, my payment will be automatically recalculated).Became mortgage free 1st March 20231 -
If there's no penalty I'd reduce the term.1
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I'd stick with 'as is' - keeps your payments the same so you're automatically overpaying a little more each time you do it. You can reduce the term when you re fix (or whatever) - or keep it the same for additional flexibility.1
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