Pay off mortgage and start having fun!

newgirly

I have been up since 4.30am as its too light in the mornings, I might have to get some curtains as our blinds are a bit see through.

The time has been used wisely though, I have been through all the accounts and done transfers etc. I have set aside £45 for fruit and veg deliveries for the next two weeks, and after that I have £7.17 a day unless I pinch money from elsewhere. I have money for school dinner once a week put by as well. This budget is until 13th june so is very short term. Only problem I can see is a lack of wine

I can't see us camping this weekend as I still have a few bits to buy, so might ask dh if he feels like coughing up some petrol money so we can go to chessington with the annual passes, dd is away with the school over the bank holiday, so I want to do something nice with the boys. We will probably ask some kids over next week as its half term, and they can all go in the hot tub, no-one ever uses the blooming thing.

I have loads to do today, still painting to do, a mountain of ironing and work for dh. Mum is taking gran to the shops though and likes me to come too ( don't ask!) so what to I do , stay home and catch up, or be a good DD? :cool:

newgirly

Yet another change of plan, I have decided to start the repayment changeover in July instead of June, pay the extra cash I will have in June off the 0%cc, then monthly payments will be reduced to the cc , thus freeing up a bit extra monthly.

The log and short of it is I am going to change the term to 14 years and 9 months instead of the 17 I had planned. Its confused the building society though, I will have to call back friday apparently as thats when my new interest rate starts.

Money is proving to be hard to keep hold of, I have still stuck to the £7 a day budget but only as I have not needed petrol yet and not been out Yesterdays money went on dd as she went to see woman in black at the theatre with school, so needed cash for sweets etc. my fault as I had not thought about allowing for that.

Its amazing what food I am putting together with what I have at the moment, last weeks veg box has all been used every last thing. Its has made me plan daily for meals instead of weekly which I find better. For example yesterday I made dd spanish omlette with the last couple of spuds/onion from the box and used mums chickens eggs, dh had a pasta concoction of left over sliced hot dogs (kids weekend leftovers) leftover 2x slices bacon, leftover homemade salsa,tin of tomatoes and chilli powder, mixed up topped with cheese and baked.

I even made my own garlic bread with a slightly hardening bake in the oven bagette from the weekend. I think we actually eat better when I am having to think about it a lot more, you have to be much more organised so as not to nip off to buy something ready done, so I am thinking in advance and cooking from scratch almost all the time which has to be healthier.

My best friend is away on hol and dropped the keys off (looking after the cat) along with a pineapple/pack of ham/punnet grapes and a green pepper as she was going to chuck them, very kind and she does'nt even know really about my mse ways!

Other than that I have also attempted to do some surveys but its been so long they would'nt let me log in, so have emailed them, I need to start putting more effort in.:D

newgirly

I have done something either really brave or really daft, I've switched the mortgage to repayment but left the term as it is instead of extending it. It will start in July so the term by then will be 9 years and 10 months :eek: With a monthly payment of £1467 eek!

It leaves no money to pay the 0% cc any more, so that will be another challenge. I have also removed my £50 a month allowance for birthdays.




So its a few weeks away from halfway through the year, I have done pretty dismally this year, buying a bigger car and goodness knows what else has not helped. From now on for the rest of this year I will (hopefully!) :

• Pay off £2760 of cc debt buy earing extra money
• Pay £6370 off the mortgage
• stick to a grocery budget of £250 for 5 + pets
• petrol £60 pm
• clothes £30 pm
• No extra day to day money
• Try and still have lots of fun along the way, we have annual theme park passes so want to take the kids out as much as possible through he summer on a shoestring.
• cook from scratch almost all the time
• make as many presents as possible for xmas for those that will appreciate it (not many of them!)
• No more spending on big purchases
• pay for dh's 40th birthday cake/balloons and a few small presents to open
• try and get together petrol money and £78 for our alton towers scarefest night away in october.

Thats it to be going on with!

never_too_old

If anybody can do it you can.I was going to say :eek: at the amount you will b paying but thats the amount we will be snowballing to our mortgage once the other things are paid.Good news is ive heard interest rates arent likely to go up until 2017( which is the year i can technically pay off my mortgage with snowballing)

We need to make a few more cutbacks especially on shopping im still spending around the £250 a month mark and thats not good enough really.Have you signed up on the McCain site yet?

Any chance you can find out from your mum what she feeds her hens,does she find mash or mixed corn better and sweetcorn is that fresh or tinned?

Many thanks
x:D

pink_poppy

Good luck with the new plans, newgirly!! Yes, it is a scary monthly repayment amount but you seem pretty organised to do it.

Did you have an endowment previously?? Is there any money there that could help things if needed?? We swapped from endowment to repayment a few years ago & had enough money in the endowment pot to do some home improvements.

newgirly

Hi pink poppy, no we had IO for a while as I was going to save for a loft room, then we built a log cabin instead, then we bought a car Hence why I need to be way more strict with myself!

Hi nto, I have not joined the mc cain webite but will do though. 2017 is not long at all to clear the mortgage, the 2 years since I started seems to have flown by.
I think my mum gives the chickens layer pellets and tinned value sweetcorn, plus lots of other leftover salad bits like lettuce. They eat better than me sometimes.:D

I am a bit worried about how dh will take to me meaning about not wasting money even more than I do now, he likes the idea of being careful to pay stuff off, but the reality is he often spends more on after dinner crisps/bars of chocolate from the corner shop than I have spent on dinner. Its from his budget so its none of my business, but it stll bugs me sometimes :rotfl:

greent

I think it's a grea idea - targets should be stretching, after all!

Good luck with it x

newgirly

Today I have been thinking about doing a new house chart to fill in, ages ago I drew a (not very artistic) version of our house with the whole thing divided up into about 220 sections , each representing £1000, the approx value of our house but I have not managed to shade that many bricks in though

After talking to dh about our (well my!) never ending rightmove addiction having consantly itchy feet, I had the idea to work on a mini challenge. Instead of the 10 years we have left, to still stick to that but divide it into 2 year chunks. This fits with our 2 year new mortgage tie in, we have 3% redemption penalties within this time so its preferable to not move mid way through.

In two years we can re-evaluate whether we want to keep getting stuck into the oping or make our final house move.

£26k is the amount that is supposed to be officialy paid off the mortage in this time so I might make the challenge for £30K for the two years , well actually its for 1 year and 10 months as I am starting back on repayment two months later than I should have been.

I am off to make a house with 30 sections to colour in.:D

newgirly

I am shattered, we went to chessington today and it was very cold and wet! we all enjoyed it though and did'nt spend a lot but needed to buy hot tea and donuts

This week I have something planned for every day, including thorpe park by myself with 3 or maybe 4 kids, madam tussauds, london eye and the sealife centre with my dad and the kids (not the london eye for me though, waaay too scary) a kids party, a jubilee family do and possibly the cinema as dh wants to see men in black, but he would have to pay.;)

Unbelievably I think I am still within my £7 a day budget as dh paid the petrol today and we took lunch and drinks with us.

There is a mountain of washing and the same amount of ironing to do, the house is filthy after 2 days with them all at home and I really don't feel like doing it in the evenings after a busy day. I will have to get my act together as we won't be going anywhere if we have no clean clothes to wear.

Hope everyone is having a good weekend :beer:

never_too_old

Your kids will remember the days out and fun not whether you had a layer of dust on the side.You are going to be shattered by the end of the week.Well done on taking the food with you.:T