The Golden Goose's Quest For The Golden Egg - AKA A Debt Free Life!

The_Golden_Goose

It was the annual payment for my insurance, not a montly amount.

Need to do the sums on the mortagage front. MrGG not keen as we won't be paying any capital off and for some reason that bothers him. A lot. I said, it should bother you a darn site more when things get worse. He has the "slowly slowly monkey" attitude and says things wont happen overnight yet, at the same time, I think there is no point suffering when there are things that we can do to help ourselves. I think interest only is the way to go. Some of my friends have done it for various reasons: going part time, redundancy, maternity leave etc etc. If its good enough for them......

I'll take all your cyber hugs thanks very much. Just what the doctor ordered.

House is clean, well, pretty much, done some washing, got the bed linen in the tumble and as soon as that's finished they are going on the bed, can't beat fresh sheets to improve a mood and all your support and advice and general all round kindness has warmed my heart.

Happytogetdebtfree

Radio aire up up cos I don't feeling like dance ah ha you think that lalala shake that boooty yes hair brushes and all abit of vocal gets rid of the down time we need a catch tue for debtors haha glad you perked up like mrs gg in witty mood :-) too much diet coke has fried the brain xx

mooomin

1. Find out what the difference would be in monthly payments doing normal mortgage payment and interest only

2. Find out interest rates etc on all unsecured debts

3. Do some kind of spreadsheet/pie chart wonder showing Mr GG that it will take you a thousand years to repay these at minimum payments.

4. Point out that with interest rates at a historic low you have the chance to take advantage of this.

5. Once you have been a Certfied Budgeteer for a while and repay the cards/loans you will be able to attack your mortgage with vigour and can look into overpayments to help out with his worries about not repaying any of the capital

In the words of the mighty Blackadder....Needs must when the devil vomits in your kettle.

The_Golden_Goose

Aye lass. I need to do some hardcore sums.

He will listen. I have my ways. Trust me. I am a woman with ways that no man could argue with. <translates as will just cry and weep continuously til MrGG gives in as he can't take the wailing any more>

kissjenn

Hi GG,

Sorry things are so tough but look at your sig - you've cleared 25% of your debt in a year...that's fabby.

Look at the mortgage option, it may buy you the breathing space you need and then you can throw everything you have at it because you'll have cleared all the others debts.

Keep going, darkest before the dawn!

KJ

Happytogetdebtfree

nice sentement KJ darkest before the dawn ... i must do some number crunching today

savingholmes

hi GG - any progress on moving to interest only? Hope you are okay. Hugs

chops22

I am thinking of going I O on the morgage too for a while GG....I am also trying to convince the husband!

Swinstie73

Hey Mrs GG, hope you got the mortgage situations sorted, sounds like a good idea to me although since I've only had one mortgage (i.e. one house), haven't a scooby how they work!

Happytogetdebtfree

Hi mrs gg hope you are ok, and you are feeling better in yourself, updat soon xx