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Most feeble overpayment?

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  • Miss_Penny_Pincher_2
    Miss_Penny_Pincher_2 Posts: 660 Forumite
    Part of the Furniture Combo Breaker
    Ali007 is the spreadsheet you use similar to this one on mortgagesexposed.com

    http://www.mortgagesexposed.com/Spreadsheets/Flexible%20Payment%20Mortgage.xls

    or did you create it yourself?
  • Mrs(no)money
    Mrs(no)money Posts: 412 Forumite
    100 Posts
    Miss_Penny_Pincher wrote:
    Ali007 is the spreadsheet you use similar to this one on mortgagesexposed.com

    http://www.mortgagesexposed.com/Spreadsheets/Flexible%20Payment%20Mortgage.xls

    or did you create it yourself?

    Any suggestions how i can calculate this or find a calculator to do it for me if i havent got excel? :confused:

    Hope this isnt a thick question! :o But I am determined to pay it off sooner rather than later.
    Experience is the toughest teacher because she gives the test first then the lesson
    DFW Nerd 196 PROUD TO BE DEALING WITH MY DEBTS.
    Coins found whilst dog walking £7.56 Sun-Fri challenge: £10.00 - Spent £0.00
  • mdeebee
    mdeebee Posts: 381 Forumite
    We think alike, Mrs(no)Money!
  • Mrs(no)money
    Mrs(no)money Posts: 412 Forumite
    100 Posts
    Ah well, thats Great Minds for you!!:D
    Experience is the toughest teacher because she gives the test first then the lesson
    DFW Nerd 196 PROUD TO BE DEALING WITH MY DEBTS.
    Coins found whilst dog walking £7.56 Sun-Fri challenge: £10.00 - Spent £0.00
  • black-saturn
    black-saturn Posts: 13,937 Forumite
    10,000 Posts Combo Breaker
    Well done :beer:

    Thats the way I paid my debts off. Little bits now and then really do mount up and cut the interest down. It's amazing how quickly debts will get paid off in this way.
    2008 Comping Challenge
    Won so far - £3010 Needed - £230
    Debt free since Oct 2004
  • Miss_Penny_Pincher_2
    Miss_Penny_Pincher_2 Posts: 660 Forumite
    Part of the Furniture Combo Breaker
    Mrs(no)money wrote:
    Any suggestions how i can calculate this or find a calculator to do it for me if i havent got excel? :confused:

    Hope this isnt a thick question! :o But I am determined to pay it off sooner rather than later.

    Do you have Lotus? That website has the spreadsheets for both Lotus and Excel.
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Miss_Penny_Pincher wrote:
    Ali007 is the spreadsheet you use similar to this one on mortgagesexposed.com

    http://www.mortgagesexposed.com/Spreadsheets/Flexible%20Payment%20Mortgage.xls

    or did you create it yourself?

    Miss Penny Pincher & Mrs (no) Money - I made my own spreadsheet which is not 100% accurate but pretty close - I update it with the correct balance when I get my 6 monthly statement & it's usually within £20. Don't know how to post it on here, don't have own web page I can link it to, if you pm me your email address I'll send it to you. But as I've warned others, it's addictive!;)

    I prefer it to one such as the above link as they don't take into account one off payments, mine does, including all my £4.86's etc!
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • Miss_Penny_Pincher_2
    Miss_Penny_Pincher_2 Posts: 660 Forumite
    Part of the Furniture Combo Breaker
    Mrs(no)money and Mdeebee have you used the online calculators such as Egg's? This is no as exact but can still use it to compare how much interest overpayments would save you.
  • Mrs(no)money
    Mrs(no)money Posts: 412 Forumite
    100 Posts
    ali007, thanks - i will pm you for your spreadsheet - i am willing to take a chance on becoming addicted to something as good as MS!;)
    Experience is the toughest teacher because she gives the test first then the lesson
    DFW Nerd 196 PROUD TO BE DEALING WITH MY DEBTS.
    Coins found whilst dog walking £7.56 Sun-Fri challenge: £10.00 - Spent £0.00
  • mdeebee
    mdeebee Posts: 381 Forumite
    Miss_Penny_Pincher wrote:
    Mrs(no)money and Mdeebee have you used the online calculators such as Egg's? This is no as exact but can still use it to compare how much interest overpayments would save you.


    Thank you - I will go and have a look at this.
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