Pay off mortgage and start having fun!

SmlSave

Good news with the work!

babyb06

Congrats on the new job! Great to have extra income and flexibility!

katsu

'grats on the job

Sunnyday

:j:j Woohoo - great news It sounds ideal for you!

I just bet that you`re already planning how much more that you can OP
now :rotfl:

SD

newgirly

Sure am Sunnyday!

I think I'll switch back to repayment in May which is the first year anniversary of when we took out the re-mortgage, it will give me a couple more months spare cash to pay for a new bathroom. We should also have the monbey for the log cabin covered as well. it will need some bits to put in it , but I will probably get something on ebay, we already have a huge tv to go in there from dh's friend recently, so hopefully it should not cost too much to do.

I have just been looking at last years diary to see when my 0%CC deals ends and it ends Aug, I was thinking of getting rid of that before oping again properly, but have just had a look and a new balance transfer fee is 2.95% for 17 months at the moment, so I think it makes more sense to keep transfering the balance as my IR is 3.43% on the mortgage.

i also saw my starting balance from may last year and it was £160,936, it is now £151, 915, so by the time we change back to repayment again this may, we should have paid off over 9k, put up a big log cabin and hopefully a new bathroom too. I am very pleased with this, even more so that dh's wages are a lot less than they used to be.

I can't wait for may now, the officially term left will be 11 years, but i would love to op enough to get it down to 9 ish years. payments for 11 years are £1383 PM , to get it to 9 years will be £1633, ouch! DH takes home £2240 pm, so I'm not really sure how possible this will be.

lincoln-potter

newgirly wrote: »

I've had some good news :j DH has offered me one day a weeks work from home, He has an elderly member of staff very ill who has said he won't be coming back, and he was only part time. It stuff he can bring home that with some small equipment I can work on here and he can take back the next day.

I am so pleased as I can earn without having to drive into london-plus the petrol costs and even better, I can work through the school holidays and sick days! I will get £50 per week, I don't know about the tax etc.yet I'll have to find out, but it can't be much.
Dh has said its only going to be for a year or so, as he will replace me and another worker when she retires with a full timer, but I've get a year to persuade him to make it permanent .

I would not want to go full time there as its very early starts (dh goes in at 5am!) and late finishes, i don't want the kids on their own, plus I would never get anything done at home.

Anyway, I need to go through the bank accts, and do all my round the houses money transfers via the halifax etc. Plus update how much i spent in MRT yesterday out of march's budget.

thats great news on the job NG!

and 11 years come May, thats not long left at all!

cha97michelle

We allegedly have 15 years and 4 months left according to the update after my last overpayment, but we all know we will do our best to not do that.

Great news about the job from home. Should mean you can still do a lot of other little things too to overpay, and not be too tired to cook etc which is what kills it in most jobs.

I'm really pleased for you.

gallygirl

Well done on the job - surely you can use your charms to get DH to make it permanent

mummalove

Well done on the new job. What a perfect combination 1 day per week, working from home - sounds ideal with the kids too. Opens so many new opportunities for you too as I am sure you have been busy planning for!

I'm such a firm believer in fate, things happen for a reason and all that and I wouldn't be at all surprised if your new position is extended past 1 year and maybe even the days increased...either way, this is great for you Good old DH :T

Amazing in a couple of new months, you will have the log cabin AND bathroom sorted, brilliant news.

newgirly

All seems to be going ok at the moment, I'm trying not to think about the loft anymore! Thank goodness fro the MFW boards as if I wasn't a MFW then I would not see the upside of this, now I'm just trying to focus on how quickly we can pay the mortgage off. Its got to be done as if we ever want to move , which we do, we now know we won't be able to borrow more than we owe now!

Yesterday we went to the big orange DIY store and bought a plastic shed store type thing , so we can get rid of our old shed where the log cabin needs to go, it was £125 but when we went to pay it had gone down to £106, still a lot but we can't do without it.

I've been looking online at the cabins and i think we should get one for just over £2k, DH will put it up himself with some help, he did one last year for a friend which turned out really well. The same one as his friend is £2146 at the moment, so we might go for that, we are going to have the tiniest garden in the world though, as it goes across nearly the whole garden 5m, and is 4m long which takes up a third of the garden. Very out of proportion I know, but the space will be used a lot more than a nearly derelict shed and a rusty 12ft trampoline:D

Only problem is I need to change my signature and possibly targets for cakes MFW challenge. I have set the target at a total of £1250 per month for oping/loft savings and 0% CC. But for the next few months I will be using the loft savings for the log cabin and bathroom. Do I leave it as it is or knock it off my totals as not saved, I don't want to cheat! I need to set all new targets from may when we go back to repayment.