Get yourself a 'Mortgage Pig'

in Mortgage-free wannabe
1.6K replies 196.6K views
I decided a while ago that I really wanted my mortgage paid off. It wasn't very large to start with admittedly, but it wasn't coming down as quickly as I would have liked.

As the mortgage was one of those background constants that just gets paid every month without thinking about it, I figured that if it was in front of us and on our minds more, we might make more of an effort to collect more money to chuck at it.

So......I got a mortgage pig.

It's a large green pig which sits on my kitchen worktop in a very central position with a 'speech bubble' printed on A4 paper and stuck to the wall above it. The mortgage pig explains (in the speech bubble) who he is and why it's a good idea to check whether you really need that bottle of wine or takeaway and if it might be better to give the cash to him instead. It also a bit to remind us why we wanted to pay off our mortgage and lists the things we want to do in the future.

For some reason, (I think probably because the pig has introduced a fun type element psychologically), we tend to have more in there at the end of every month than we ever had to put towards an overpayment before.

Anything gets chucked in the pig. Loose change taken from trouser pockets before they go in the wash / coins that have been found on the ground (yes I DO pick them up :o ) and sometimes when I'm tempted to get a takeaway instead of cooking, I see the pig and it makes me think twice so I feed him the money and chuck a salad together instead.

Of course, sometimes if I'm in a right old mood and just want a takeaway or bottle of wine no matter what....I'll sling a tea towel over the pig and ignore the little swine. :rotfl:

I have a friend who found this more than a little amusing and laughed at me for being daft, but she admitted the other day that she has recently done the same thing and it's become a family ritual to feed the pig in her house now. Even her eldest offspring stick the odd pound in her pig on the passing sometimes. The pig seems more of a character than her large glass savings bottle ever was and they reckon he's part of the familynow, lol.

Somehow a personalised mortgage pig is more effective than a loose change bottle or whatever else you usually collect your odds and sods in. We've been doing this for a while now and it's been really surprising how much we've collected in the pig over a period of time. If all goes according to plan.......what's left of my mortgage should be paid off in 2 months time.

Maybe you should curb the urge to laugh.........and try it out instead? :)



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Herman - MP for all! :)
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Replies

  • I will both laugh and try it out. :A
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  • mjh1977mjh1977 Forumite
    60 Posts
    What a fantastic idea! As I'm sitting here at work, I just figured it would be great to have something similar here, which is where I fritter away most of my money when I get really bored (like today).

    Although since it's an open plan office I might need to find something more discreet than a large green pig.... Thanks for the tip.
    mjh1977 Highest debt -18.5k (Dec 04) Current debt now below £10k for the first time in 4 years :j
  • MushyPeasMushyPeas Forumite
    3.1K Posts
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    Hiya aliasogo (again)

    What a brilliant idea! :T Sooo impressed that I've nominated you for post of the month, hope you don't mind.

    This has inspired me to get my own pig....when I get my house :)

    Any chance of seeing a photo of you pig?

    MP
    Previous debt: £14K :embarasse Debt free: Sept '03 :DMFW#42 Mortgage OP savings £4271.18/£12000 2019 :)Started dating OH Mar '12, married Oct '12, Walnut born Dec ' 12 :A SPC 12: 99 £38.05/£500 Make money Jan: £412.34/£310 :T Feb: £88.79/£280 May: £215.52/£310 June: £18.98/£300
  • *zippy**zippy* Forumite
    3K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    Hi aliasojo

    Great thread thankyou. Will look for a nice one today and get saving.
  • Secret_LadySecret_Lady Forumite
    746 Posts
    Part of the Furniture 500 Posts Combo Breaker Photogenic
    Forumite
    aliasojo wrote:
    I decided a while ago that I really wanted my mortgage paid off. It wasn't very large to start with admittedly, but it wasn't coming down as quickly as I would have liked.

    As the mortgage was one of those background constants that just gets paid every month without thinking about it, I figured that if it was in front of us and on our minds more, we might make more of an effort to collect more money to chuck at it.

    So......I got a mortgage pig.

    It's a large green pig which sits on my kitchen worktop in a very central position with a 'speech bubble' printed on A4 paper and stuck to the wall above it. The mortgage pig explains (in the speech bubble) who he is and why it's a good idea to check whether you really need that bottle of wine or takeaway and if it might be better to give the cash to him instead. It also a bit to remind us why we wanted to pay off our mortgage and lists the things we want to do in the future.

    For some reason, (I think probably because the pig has introduced a fun type element psychologically), we tend to have more in there at the end of every month than we ever had to put towards an overpayment before.

    Anything gets chucked in the pig. Loose change taken from trouser pockets before they go in the wash / coins that have been found on the ground (yes I DO pick them up :o ) and sometimes when I'm tempted to get a takeaway instead of cooking, I see the pig and it makes me think twice so I feed him the money and chuck a salad together instead.

    Of course, sometimes if I'm in a right old mood and just want a takeaway or bottle of wine no matter what....I'll sling a tea towel over the pig and ignore the little swine. :rotfl:

    I have a friend who found this more than a little amusing and laughed at me for being daft, but she admitted the other day that she has recently done the same thing and it's become a family ritual to feed the pig in her house now. Even her eldest offspring stick the odd pound in her pig on the passing sometimes. The pig seems more of a character than her large glass savings bottle ever was and they reckon he's part of the familynow, lol.

    Somehow a personalised mortgage pig is more effective than a loose change bottle or whatever else you usually collect your odds and sods in. We've been doing this for a while now and it's been really surprising how much we've collected in the pig over a period of time. If all goes according to plan.......what's left of my mortgage should be paid off in 2 months time.

    Maybe you should curb the urge to laugh.........and try it out instead? :)

    A great idea.....I may get a "Fritter Pig" as I'm sure I could save more money if I really thought about it rather than fritter it away on non essentials! Not a very flattering name, must try and think of a better one, any ideas? :T
    Grant me the serenity to accept the people I cannot change, the courage to change the one I can and the wisdom to know it's me"
  • What a fantastic idea!!!! I'm off to dig out my piggybank right now and make a start on this :j :j
  • aliasojoaliasojo Forumite
    23.1K Posts
    Part of the Furniture Combo Breaker
    Oh lol....and there was I thinking everyone would think I was daft.

    My mortgage pig is happy to attend a photoshoot this afternoon and will make a personal appearance here a little later today. ;)

    I think the important factor is the personalisation of the pig and making him a character who wants to help you. Daft as it may be...it's all psychological and tackling mortgage/debt etc from every angle possible can only be a good thing. (Even if you run the risk of being thought of as a numpty :rotfl: )

    Don't forget to type or write out a 'pig statement' to put beside him (sorry for the male stereotyping here ;)), you need to remind yourself of why it's a good idea to stick in extra cash....seeing the pig by himself wont have the same effect.

    I should also add that he's been on the go in my house for just a little over a year now which is why he's made such a difference to our overpayments. He's staying put once the mortgage is paid off - we're in the habit of feeding him now. :)
    Herman - MP for all! :)
  • mjh1977mjh1977 Forumite
    60 Posts
    I just went onto Ebay and bought George the Get-Rich Gorilla, who is coming to live on my desk at work. Pending his arrival in the post later this week, I've made a start on feeding him up: borrowed rather than bought a newspaper (70p saved), forgone chocolate and coke (£1.05) and will spend this evening writing out a statement. He'll pay for himself in a week at this rate. And I get someone more intelligent to speak to in the office!

    M
    mjh1977 Highest debt -18.5k (Dec 04) Current debt now below £10k for the first time in 4 years :j
  • aliasojo wrote:
    I think the important factor is the personalisation of the pig and making him a character who wants to help you. Daft as it may be...it's all psychological and tackling mortgage/debt etc from every angle possible can only be a good thing.

    I completely agree - it's also got to have some element of fun/nonsense otherwise it all seems too hard sometimes :rolleyes:
  • aliasojoaliasojo Forumite
    23.1K Posts
    Part of the Furniture Combo Breaker
    Meet Herman
    :D

    Herman.jpg



    I have only shown an idea of the speech thing. I don't want to post the one I wrote out as it's very personal for our family but you get the general idea. Our one included stuff about why we wanted to pay our mortgage of and comments about not wasting money on the things that we as a family tend to waste money on. Obviously you would personalise your own to fit your own lifestyle etc.

    Even if you didn't want to pay off your mortgage and just wanted to save for something you could always stick a small pic of the thing you want to the speech bubble.

    The idea is to have something to actually see, rather than just thinking about it. Visualisation is a key aspect in doing anything and doing it in a fun way helps too. Herman is in such a prominant place in our kitchen that he is a constant reminder and he does make you think twice.

    We took the character thing quite seriously as you will see from the fact that Herman, our pig, is sporting a small plaster on his left ear where he 'suffered' a small chip. :D


    mjh: I'm impressed! I hope George and you will have a long and worthy relationship. Feed him regularly with any small titbits you come across, you'll be surprised just how fat he will get. ;)
    Herman - MP for all! :)
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