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Get yourself a 'Mortgage Pig'

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  • Lizzieanne
    Lizzieanne Posts: 476 Forumite
    Part of the Furniture Combo Breaker
    Great idea!

    I've ordered myself the Edward Monkton 'Pig of Happiness' from eBay.

    Written on the side are the words

    May his JOYFUL SMILE remind us how much there is to be HAPPY about.

    :D


    Mortgage Free as of 03/07/2017 :beer:
  • Lotta
    Lotta Posts: 35 Forumite
    I'm joining the MFW club. Completed my purchase yesterday and started my Mortgage Pig at the beginning of the month. I'm on a IO mortgage so I have a ISA to pay off the mortgage but I will do some 'overpayments' from my pig.
    :beer:
  • MagsyB
    MagsyB Posts: 70 Forumite
    I posted this in the main thread but then realised it belongs here!
    Has anyone got any ideas?
    Thanks
    Magsy

    ' Banking the contents of my mortgage piggy?
    Hi all
    We are in the process of changing our mortgage for a better deal and reducing the term (8 years!)
    With our current mortgage we havent been able to over pay but with the new one we can make payments up to 10% per year - by cheque only!
    So what I need is an account, with lots of interest ;), which I can store my money in and then either have a cheque book with it or for them to do the cheque for me (do they do that anymore?) AND because I cant get to a bank (work no where near) so the local post office would be great (they seem ok with taking my bags of coins too) or a supermarket :rolleyes: (but would I need to cash my coins first - and I WONT use those machines!!!) :confused:

    What do you think??

    Thanks
    MagsyB'
  • Herman is fab! I have a 'saving for shoes' shoe moneybox that I put my odd change in. After reading your post I think I may have to change its purpose in life!
  • Eljay_2
    Eljay_2 Posts: 23 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? :)
    Great idea, where did you buy your pig?
    Eljay x
  • appyjude
    appyjude Posts: 5 Forumite
    Jude (& 3h's - hubby, hounds and horses!):rolleyes:
    Proud to be dealing with our debt
    In denial since 2003 original LBM
    From Jan 2006 - personal debts totalling £58 000 - Without the mortgage:eek:
    Debt total now £50688
    Mortgage £95000 22.5 years to go.......first overpayment this month:T
  • I'm in! Have just ordered a fab pig from Muggins Pottery, to be personalised with mine and my husband's name so we're both reminded of our priority! I think he needs it as he's after £2k's worth of a sonos system for the house, he's a total boy when it comes to things like that :)
    MFW Challenge member no. 96 - on hold! :rolleyes:
    Girl Cub due 14th September :D
  • catshark88
    catshark88 Posts: 1,099 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Hi,

    If there is anyone in the Romsey, Hants area looking for piggy banks, the Red Cross shop on Romsey High Street has about 6 pig ones in stock.

    Happy saving!
    "Have nothing in your houses that you do not know to be useful, or believe to be beautiful." William Morris
  • We got a massive pig today from Eau Natural...............
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