My Mission For Overpayments Starts With My Cow Jug!!

setmefree2

trudypretty wrote: »

heres my weekly update - have paid £25.00 off as op on mortgage today so total so far for november is 65.00, also paid 90.00 into double glazing fund..so total for that 180.00!! :T

all in all a good week....as also managed to start christmas shopping....spent £100 cash only ...am determined not to use credit card this christmas!!! :rotfl:

Well Done you:T:T:T

shopgirl2512

Well done you!

mrs_miser

well done for using the money you arent spending on food to over pay.
Managed to cut our food budget down from 120.00 to about 60.00 a week about a year ago, trouble is i dont know where the extra money went too, wish i had put it away like you have. well done, keep up the good work.:j

trudypretty

hi mrs miser.....thanks for that....i manage to save about 5.00 per week from the shopping...which isnt a great deal but will add up !!! i have always spent up to 60.00 shopping but noticed it was more 50-55 some weeks so thats why i get the cashback and just 'pretend' to myself that it came to 60!!!

what did you manage to spend 120.00 on ?????? well done for halving it

trudypretty

update...just did shopping....made the biggest mistake ever...went on a weekend with my 2 sons...who just want absolutely everything!!! although i said NO lots of times...my bill still came to 69.00...so over my 60.00 budget...did manage to get it down though with news of the world 5.00 voucher and also used my sainsbuirys vouchers in tescos so another 3.00 off made 61.00....so no cashback for me this week for my funds .
lesson learnt....there is a reason i go shopping on a monday on my own when boys are at school...NEVER take them again!!!

StuartGMC

Sounds to me like the usual male approach to the groceries; it seems we then always get sent away and not "trusted" to do it again...

trudypretty

i am just lucky my husband wasnt there also...coz he is a nightmare always wants more than my sons and adds about £20 on each time!! he is banned from shopping ...although happy to be so !

MrMicawber_2

What a fab fab fab thread. Very encouraging. It's great to have it reinforced how much lots of smallish savings mount up - especially when you put the money away immediately so you can't spend it.

We've been pretty disciplined over the years with putting extra bits and pieces into an overpayment savings account from which we make overpayments to our mortgage then the t's and c's permit and this has mounted up considerably over the years because with each overpayment we've increased the savings correspondingly. We could do better on frittering away though - so thanks to all on this thread. I feel motivated again - I hope that doesn't depress my wife too much. As she quite rightly points out when I get carried away, it not all about 'jam tomorrow'.

I'd definitely look for a small local company for the double glazing as well. We had ours done a couple of years back and I couldn't stand the sales pitch from the big companies so we got a small local firm in. Good quality, good price, good after sales, no sales pitch - brilliant.

Oh - and I'm usually banned from the shopping. I'm sometimes allowed to do it if I promise faithfully to stick religiously to the list, but the flesh being weak (despite a spirit in bang on the right place) the promise doesn't usually get quite as far as the check out. So I get banned again.

StuartGMC

Mr Micawber
Yes, small incremental amounts can really impact especially early on due to their cumulative effect.Whilst not easy to see early on, they do make a difference. People use different ways to look at this but one worth considering is the cumulative interest that £10 would incur if it was the last £10 to be paid off at the end of the mortgage term; gives a good idea of the gearing being obtained :beer:

I too have been banned from groceries but in truth OH shops on one of the days she doesn't work.... :rolleyes:

However, wife and daughter have noted my obsession with the spreadsheet for the household budgeting, but, here I know I'm not alone in this and can safely discuss the nuances and outputs derived....

trudypretty

hi mr micawber....thanks for your feedback!! you are right smaller savings can add uo and make quite a big difference to the interest on your mortgage. this is the way i like to think!!!!

good luck on your quest...i am glad you have felt motivated reading this!