How do you all do it? Ive got the bug! :-)

Desperate_Housewife_2-2

Hi babybakey,

well done on making the first step to becoming mortgage free. Its a marathon, not a sprint (quote from MFi3 thread!) but as time whizzes by you will see the fruits of your labour very quickly.

My tips are...

- do a budget, budget for everything, hols, specs, dentist the lot, you will soon see where the holes in your spending ar if you keep a spending diary too.

- could you get a little part time job and get hubby to look after the sprogs? Even if it was for a few hours on minimum age, you wouldn't have to pay tax and therefore reap more of a benefit. I used to work nights when my 2 were little (I didn't get much sleep in those days!) I used to kip on the settee while they had their aftrnoon nap and work only 1 night at a time so I could catch up the following night. Extreme but do-able!

I once asked my hubby if he could think of any moneysaving tips and his answer was 'earn more, spend less'! simple, true and to the point, the trick is finding how this will apply to your lifestyle.

Good luck, it won't happen overnight but you have made the most important step..the first one. As the Chinese say, ' a journey of a thousand miles begins with a single step'

seven-day-weekend

Our main mortgage was paid off many years ago in the 90s, but you now have the perfect opportunity.

If your lender is passing on today's interest rate cut, continue to pay the same repayment as you were before. That is what we did when it went down from 15%. That is all we did and we still paid the mortgage off several years early.

If you can't pay a little at a time, then save the difference and pay off (say) £1000 lump sum.

Good luck!

Floxxie

cupid_s wrote: »

It's not loads but mystery shopping helps. I signed up to retaileyes and some assignments can be quite good. Recently there were loads of hotel phone call enquiry ones paying £10 each. Had to be done during office hours when I'm at work otherwise I'd have chosen to do a few.

I'm going to cash a cheque on saturday and they're paying me a fee of £15 (and giving me the amount I'm charged to cash it) and I've done several drinks assignments. All this goes towards the mortgage paying off fund.

Unfortunately most MS don't want you to take the children so you are limited to when you can do them i.e. when OH around to look after them. Also the OP might not want to get into self-employment and tax returns. Sometimes it is just too much hassle for a little payout. I used to do it but then found I could only do the telephone ones - with children locked out of the room :rotfl:

Floxxie

ShelleyC_2

phizzimum wrote: »

We have Mortimer the Mortgage Pig. He sits in the hall way - (a great place to be when DH empties his pockets when he comes home from work!) It may sound silly but giving him a name means we feel sorry for him if he hasn't been fed in a while. If the children find a coin in the street they pick it up so they can feed Mortimer.

I want to feed Mortimer too! Such a great idea. I did buy a penguin money box in the last knocking of Woolies sale. I'll have to name him and speech bubble it. Fab idea thanks :T