Hypno's approach to life, the universe and debtbusting.....

ShelleyC_2

hypno06 wrote: »

The front wasn't built on foundations...........the back had subsidence and sank........and the roof had previously been replaced with tiles that were too heavy, so the weight of the roof pushed the walls out to the side. With subsidence at the back, and no foundations at the front, a roof that is too heavy is really the final straw. In fact, if the house had been built of straw it would probably have been more stable :rolleyes:

And the surveyor didn't notice that???? :eek: :eek: :eek:

I don't like scary stories like this whilst house hunting. Thats why I need an old house if its stood for a couple of hundreds of years it'll last my life time right

hypno06

Thanks shelley -that extra £50k makes a huge difference in what we can buy, but of course, the more we save/overpay the better we can get.

Obviously, whichever way house prices go, will determine what equity we have in our property as it stands at the moment, but that will all be relative compared with the "new" house....

Why I'm telling you this, I don't know - you know all the "what ifs"!!!

mineallmine

Great to see a new diary hypno. I really admire your focus.We had large debts and everything was thrown at them to clear them. Thankfully they're now gone. But you've come such a long way.

I heard about the reg plate prob, and read about 'registered number plate suppliers', so if you've used one would mean you've done everything to abide by law? If you used one, I'd do a note (stating fine has been paid) but appeal on grounds of using a regd place. Just the price of a stamp?
http://www.direct.gov.uk/en/Motoring/PersonalisedRegAndNumberPlates/DG_4022573

I like the idea of setting up monies to go for different things/categories. It's good to read diaries like this to help get the focus back on budget /spending. Goes off to make a bacon sandwich and have a think about budgets. Thanks hypno.

mizmir

That is a great incentive hypno - and you will do it I have no doubt. Enjoy your holiday - it is well deserved - have plenty of time for you and make sure you get a few treats in there!

ShelleyC_2

hypno06 wrote: »

Why I'm telling you this, I don't know - you know all the "what ifs"!!!

:rotfl:
I'm not sure all about but seem to spent hours trying to work out the what ifs of bull traps vs bottom of market vs missing my dream home!

Just wish I'd got into MSE thought process sooner. So easy to kick my self when I think of all the disposable income I've reckless disposed off. I could have been buying mansion mortgage free (not quite but you know what I mean!!)

mineallmine wrote: »

Great to see a new diary hypno. I really admire your focus.We had large debts and everything was thrown at them to clear them. Thankfully they're now gone. But you've come such a long way.

I like the idea of setting up monies to go for different things/categories. It's good to read diaries like this to help get the focus back on budget /spending. Goes off to make a bacon sandwich and have a think about budgets. Thanks hypno.

Congratulations on being debt free :beer:
Hypno's diary is full of inspiring ideas including yours suggesting bacon butties :j

hypno06

We've not had bacon butties, but we are munching on sausage sandwiches right now so that is close enough. DS and OH are challenging each other to a badminton war this afternoon........I will be happily sat nearby with my book and an offering from Starbucks........:D

oceanspirit

I have been reading this chapter of your diary over the past few days and have found it truly inspiring. You have done so well to reduce such a huge debt - I've found myself willing those numbers down for you!

You work so hard at earning all those little extra 50p, £1 that most people wouldn't be bothered to do but they all add up. My father always used to say "take care of the pennies and the pounds will take care of themselves" - so true.

Re your thoughts on which debt to pay off after the Egg loan, how about leaving the Virgin for now as it is on 0% for nearly a year and opening a savings account (maybe an ISA or a regular savings account) to put the money in for the Barclayloan. This would then give you some interest (more pennies to add to the pot to speed up the process).

In years gone by when accounts used to have passbooks I once gave my pass book to my mother for safekeeping when I was saving up for something so that I couldn't take any money out until I had saved the full amount. Not sure how you would do something like that with an online account - but there must be a way around it.

Anyway, a book I found really useful is The Richest Man in Babylon by George S. Clason. The book is a quick, easy read and I won't spoil it for you by explaining what it's about, but if everyone were to read this book as a teenager and apply its message, then they would be financially set for life.

Have a wonderful holiday,

Oceanspirit

hypno06

Hi Oceanspirit - you are right - every 10p scratchcard win is another 10p I don't have to find, so it really is all worth it!

The bulk of the debt busting really does come from the extras that MSE has provided us with, so it has made a huge difference, being here for the last couple of years.

I will look into that book - thank you for the recommendation!

Re the saving up to pay off the barclayloan, I just worry I will get to, say £3k or so and then use the money for something else - we only have one car, for example so at some point I will be tempted to buy another to make life a bit easier.....

I wondered whether if I pay off the virgin, even though it is at 0%, it might motivate me to save up for the barclayloan because it is then the last remaining unsecured loan, so would be the final bit of that particular stage.

The MSE journey is full of mind games, isn't it :rotfl:

oceanspirit

Hi Hypno

Totally understand why you want to pay off the Virgin 0% first - I am very results driven and need to see progress with whatever I do. I think also it is a much smaller amount than the barclayloan so you will see the result sooner .

As you say, decisions, decisions...

ShelleyC_2

But think about how much extra interest you would have to pay on the barclaycard and how many bricks in the new house that may represent?!