RosieTiger MFI5 Challenge

StuartGMC

RT
Excellent that you received the bonus and it's had such an immediate benefit for the mortgage; how many of your colleagues will have spent theirs instead?

RosieTiger

Strangely enough I have said the same thing and i guess quite a few will blow it 1

RosieTiger

Radish72 wrote: »

Hi RosieTiger

Well done again on what you have done, I don't read for a while and you're racing towards the finish

On the Comic Relief money, what a truely generous gift, maybe you could have paid it to your mortgage but you have now SAVED 10 peoples lives in Africa from Malaria :A

Thank you for a great sentiment !

RosieTiger

A further OP for April of £3,677 on top of regular OP of £1,200.
I calculate £13,227 for the year so far !

StuartGMC

Wow
Have you thought of a meeting with the G20 to sort them out too?

RosieTiger

StuartGMC wrote: »

Wow
Have you thought of a meeting with the G20 to sort them out too?

Stuart I think they have decided on the spending approach, so our policy on reducing overall debt just wouldn't wash !

gallygirl

To be fair the MSE approach wouldn't really work at govt. level. Think of the practicalities:
- how big would their debt busting piggy banks have to be?
- think of the poor bank teller when Alistair Darling decides to pay it in (and I'd probably have picked that queue)
- the electronic funds transfer system would grind to a halt. Imagine Barack Obama paying in €1.27 every time he turns his sofas upside down. Or Gordon Brown paying in 5p he just found in the street
and, most importantly, excel would never cope with spreadsheets that size , and if it could their debt free date would terrify them

Fash

Hi Rosie Tiger
I was wondering if you would kind enough to let me have a copy of your spreadsheet please. I've been thinking for a while about this, but haven't quite got round to it but from reading your posts, I think the key is to actually see the mortgage decrease and have a handle on when it will be paid off.
Thanks in aniticipation
Regards

StuartGMC

RosieTiger wrote: »

Stuart I think they have decided on the spending approach, so our policy on reducing overall debt just wouldn't wash !

Yes, it is clear that the plan is:
1) Let the banks rebuild their reserves but don't loan any business cash or offer mortgages easily
2) Ignore the £8bn being paid in by people like us reducing their mortgages early - afterall the banks do have shareholders to rewards
3) Government wants interest rates as low as possible to dissuade us from saving and instead get us to spend our cash.

I think it can only be time before "they" start to consider MSE and similar sites as detrimental to the good of society because of promotion of saving, investing, reduction of debt, early repayment of mortgages so you are actively depriving the "opportunity" of lenders to "earn" interest over the full mortgage term etc :rolleyes:

RosieTiger

Only adds fuel to my belief that the faster we all get to being MF the better !