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Earthgirl gets back on track!
Comments
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GO Earthgirl go........you can do the list! :dance:Going to try not to spend loads of time reading mse!
Oops...don't read this......:DCurrently studying for a Diploma - wish me luck
Phase 1 - Emergency Fund - Complete :j
Phase 2 - £20,000 Mortgage Fund - Underway0 -
Well, got my first ever payment from quidco (Didn't set it up 'till last month), and put tyres (£265
) on home account, so managed to scrape another £1000 cash out of my current account to overpay, so for August I have managed to overpay £1,630!! yey!
I want to get some statisics together about how much I've overpaid and how much interest I'm being charged daily, so watch this space!15/5/12 Paid off Mortgage 1 (£220k) Bought Dream House:www: Dec 13 - Mortage 2 -£116,508. 15/7/18 Mortgage Free Again :j
Progress not Perfection0 -
Well I've worked out that I've overpayed £18,974.35
since January 09. But I still can't work out the interest per day!!
If I owe £45,148 at an interest rate of 2.5% what is that per day? Im getting £36- surely this is very wrong!
Can anyone help my brain is frazzled!15/5/12 Paid off Mortgage 1 (£220k) Bought Dream House:www: Dec 13 - Mortage 2 -£116,508. 15/7/18 Mortgage Free Again :j
Progress not Perfection0 -
I worked it out at £3.03 per day! HTHReduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
% of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
MFiT-T7 #21
MFW 2025 #2
MF Date: Oct 37 Feb 370 -
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I worked it out at £3.03 per day! HTH
sounds about right. I make it £3.09, but that's on a very basic calc....we'll trust you on this one Twinklie:beer:
Did the same on my own mtge and found I was slightly out:o (I call the Woolwich at least twice a week now as they have a freephone number:T which means I don't have to wait for Saturday to dial 0845:rotfl:)MFiT - T2 # 64start date: 1.7.09 MFW end date: 31.10.17
Start balance: £205,746.51 :eek: Month 18/100..paid 13.50%
Current balance: £177,977.07 (updated 18.12.10)
Target 12.12.12: From £194,000 to £140,000:p
MFI-3 reductions: £16,023/£54,000 achieved (29.67%):j0 -
Ha ha ha...lets split the difference and go £3.06!! Fair is fair.Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
% of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
MFiT-T7 #21
MFW 2025 #2
MF Date: Oct 37 Feb 370 -
Thank you twinklie and thrifty girl, I am so bad at maths and tend to avoid whenever possible!
Would you be able to give me the calculation so I can look at it myself?
I am very pleased, with my little bit of maths today (swear its correct, even I can add!) originally wanted to overpay £12,000 in 2009, but I might try to overpay another £6000 sept - dec, so my overall OP for the year would be around £25,000. OH will soon see the sense(and the results)from OPing if I can keep it up!
Going to collect a pine wardrobe and chest of drawers of a freecycler in the village, been to see them already, they are lovely, and just need OH to come home with the trailer!
Edit: BOOOOO Freecyler sold the furniture to another person who contacted her, despite agreeing a time with me, how rude! Its her decision, and I wasn't going to pay!! Not going to let it bother me, I've learnt my lesson and am going to watch my fav program, have a buuble bath with OH instead!! Yey!15/5/12 Paid off Mortgage 1 (£220k) Bought Dream House:www: Dec 13 - Mortage 2 -£116,508. 15/7/18 Mortgage Free Again :j
Progress not Perfection0 -
:think: Maths on a Friday night.....hope you have a few drinks in hand but here goes.....
Mortgage balance multiplied by interest rate divide by 365:
£45,148 x 2.5/100 = £1,128.70 per annum
£1,128.70/365 = £3.09 per day
HTH:D
MFiT - T2 # 64start date: 1.7.09 MFW end date: 31.10.17
Start balance: £205,746.51 :eek: Month 18/100..paid 13.50%
Current balance: £177,977.07 (updated 18.12.10)
Target 12.12.12: From £194,000 to £140,000:p
MFI-3 reductions: £16,023/£54,000 achieved (29.67%):j0 -
Well I've worked out that I've overpayed £18,974.35
since January 09.
That's absolutely amazing, EG! I'm extremely impressed :beer:. I knew you were busy but that amount is staggering!!! Is it just by being extremely frugal and doing lots of tutoring? You're an inspiration!Updating soon...0
Brilliant :T:T:T:T:T:T Fantastic 
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