Mr & Mrs Mintedmatty MFW's Diary

gallygirl

GavB79 wrote: »

Someone has been messing with your keyboard and replaced the . key with the ? one!

That's what happens when you use a Spanish keyboard!

Hopefully you're still having a great holiday & liver will come back fully rested :rotfl:

mintedmatty

Ha cheers guys! Tenerife was fantastic as always. It was a pleasant surprise...there seems to be a bit of a price war going on and we were able to drink the local and even dorada ( a spanish beer thats easier on the liver) for 1.50 euros. Food was cheaper than when we went last year regardless of the interest rate been worse....set us up nicely for Xmas!!!!


Rictus123, nosey arent u? only kidding! taking into account 2 jobs and rental income from my property, the last 12 months in total i think has been around £30,000 give or take a couple of G's but as they say its never enough!!!

Im 28 years old by the way and dont even get me started on those spanish keyboards....... 10 different kinds of comma's and apostrophe's

mintedmatty

Forgot to update my signature! £1432 that will make Mrs MM happy!!!

mintedmatty

Heading into 2010, we have a list a mile long of things to do to the house before we put it on the market at the end of the year(ish).

My regular saver matures in march and going to continue to keep one with hopefully an increased amount but also use £1000 from this years to pay off £500 on each of our mortgages!

The £30 we spent on eachother for xmas is paying dividends, traditionally things have seemed to be a bit tight at this time of year but we are feeling quite flush with plenty of money to spare prior to pay days!!!! Hoping for a Xmas bonus too from work...Mrs MM will have no such luck tho from the NHS!!!!

mintedmatty

Another month gone, the plan is being formulated to get the house into a state where it will be ready to sell in 12 months time. Its in excellent condition but we wish to decorate certain rooms to brighten them up and make them look more appealling! We broke the £2000 mark on interest saved since starting the MFW challenge, it feels like we havent being saving 2 minutes either?

We have contacted our mortgage provider for a statement as we think the balance is lower than what I thought it was so we both hope that we might have actually dropped below £90,000?????? fingers crossed.

My regular saver matures in a month or so and im going to pay an extra £500 off the big mortgage and put the rest in savings til the summer when my mortgage fixed rate deal comes to an end.

Everything else is geared towards savings, escpecially for re-decorating and a deposit for the next house!!! we are planning a holiday for the summer, options are California (we have friends there) or Vietnam ( somewhere ive always wanted to go and probably best to do it before we hear the pattering of tiny mintedmatty feet!!)

Other than that everything is great, the company I work for is financially solid, Mrs MM's physio job with the NHS is still lead by lions but run by monkeys but that will never change! I got a payrise and a bonus in January (if only small) and We both realise how lucky we are with 2 great jobs and we just want to crack on for 2010!!!

Final say goes to all the other MFW's, I have read some great messages and plans recently and it is great to hear so many people with their heads screwed on and planning for a better future! All the best for 2010 to you all!!!!!

setmefree2

mintedmatty wrote: »

All the best for 2010 to you all!!!!!

And to you too:D Keep up the fab work :T:T

golfiematt

well done on your progress so far.If you sell one of your houses does that make you mortgage free?

mintedmatty

Well If we sold the big house it would pay off the mortgage on the one I own by myself? whether the Missus would be happy with that is another thing ha!!!! Also we would have no where to live as it is rented out! but technically yes we would? The property I own soley is a nest egg.

I hope I never need to sell it and hope to pay the mortgage off ASAP and then just enjoy the income.

mintedmatty

Oh deary me! We have had the Mortgage Statements through and we have made some miscalculations!!! We havent reduced the outstanding amount as much as we had thought? The outstanding balance is now £92287 about £700 pound more than we had hoped we had reduced it by! Reducing this to £80,000 by the end of 2010 is looking a bit far fetched!!!! but we will do what we can, Im paying an extra £500 off at the end of March and hope to pay more as the year goes on!

To go hand in hand with the bad news, a piece of EXCELLENT news! The mortgage on my sole property comes out of its fixed deal in july and my mortgage advisor has told me because i took the mortgage out pre-2006 i go to BOE base rate +1% which at the moment would be 1.5% and my payments would drop by around £175 so the aim is to increase my payments so Im paying equivalent to 2 payments every month! Obviously the BOE will probably go up but its definitley worth taking advantage of!!!!

Onwards & Upwards.....

mintedmatty

To add to that aswell I have used HSBC's overpayment calculator and having increased the payments by £250 per month the mortgage term is down to 14 years from the start of 2010 and will save us £72,560 in interest which equates to £874.24 per month! much more than we originally thought. I have reduced the adjusted the Interest saved accordingly.