Pay off mortgage and start having fun!

AlexLK

All sounds very organised on the finance front. Afraid I can't help you re. retirement but glad someone else is having a lazy start to the summer holidays.

newgirly

Dad said the purchase money would help us out and we would be more secure as if we lost the building we would be highly unlikely to find elsewhere suitable to rent as these types of places are so rare now.

Yes I guess it could be worse re working with parents :rotfl::rotfl::rotfl:

Off to work in a minute, hope it's not too hot there today.

smallholdingsister

Fingers crossed for some big contracts coming in.
How did it go with the one where you were renting machinery to people, or did I imagine that?

newgirly

Hi shs, they bought the machinery which lives at our place (plus they are renting office space too) , they design and advertise a new type of product (they have spent well over £100k on websites etc.) we do the work and they pay us for our bit. It's going quite well thanks

Tired after work and then many hours of ironing today!

AlexLK

Forgive me for being cynical but I wonder if the factory may be more about your father wanting to bolster his own investment portfolio. IIRC you owe c.£30,000 on the building and I'm sure the loan payment is one of your main priorities.

newgirly

No we owe £106 ish on the building, £80k io loan and a personal loan of £35 taken last year which is now at about £26 after oping.

He could just by something else though so I don't really think it's that, plus he would friend it awkward if we sold and then couldn't pay the rent!

I'm going in late today as ds2 has a late orthodontist appointment nearby, it was a late night waiting up for the kids to get in, one had been to London, on to a football game and dd went to e Harry Potter studio tour (again!).

I'm trying to cut down or even cut out drink at the moment. The weightloss has not been going well food wise, and I still often drink on days when I'm dieting. I probably eat less in the evenings when having a few glasses of wine but I think it messes up my sugar levels or something as I am hungrier the next day. Either way I do drink too much especially at weekends. I love the idea of being a teetotaller, but have to say the thought of going on the cruise in a month or so with no drink would not feel the same! Likewise winter without red wine and Baileys etc. But I am the sort of person who is a bit all or nothing, and go through phases of not drinking a lot at all and then drinking too much on a regular basis, and then worrying about it.

I was reading in an issue of the new scientist yesterday that teetotallers were 47% MORE likely to die earlier than moderate drinkers and heavy drinkers were 49% more likely to. That was a surprise , but I guess with so many different studies it's hard to know which is right.

Either way I think I need to try and drink less as I'm getting older. Sorry if this is a bit off topic, just pondering what to do. I guess it it still relevant though as going up would save £'s too

smallholdingsister

I find the same - I eat much more the day after drinking. I have come to the same conclusion about losing weight.

newgirly

Another alcohol free day, but an unexpected big unplanned shop done at mr t stopped off with a small trolley and no list and managed to spend £77 :eek:

Fruit , salad , fancy bread and nice cans of fizz, budget down to along the zero now until Monday. Have just enough for 2x cinema tickets to see Ab Fab on Friday with dd and my friend and her dd.

I think it's the 1st August that I can start paying the mortgage again :j it's an offset which I've not had before (I had a virgin one account years ago and that led to trouble!) I believe I can either leave it in the savings pot attached or actually pay it off the mortgage? You would think this is something I should know really. I prefer it being non retrievable in emergencies, less chance of borrowing it, but is that the most sensible option in our situation?

Either way I am ITCHING to see the balance go down by that much at once, and can't wait to get properly stuck into being mf asap.

Moneyfordreams

That's one thing we all have in common... a blinking itch that's taking years to stop

Is there a withdrawal facility? or even just lower lower payments if you have to change your plan?

Anyhow... I'm with you on the alcohol reduction... there is often ooo it's the weekend or ooo it's my days off... I still have 4 AFD in general but weight loss stopped... OH pushing the alcohol limits too... Luckily nights shift pattern and a heart to heart this week have kicked us both up the rear end. myfitnesspal has been used and i'm killing it ... need the staying power though. planning 3 x 7lbs

newgirly

Hi mfd's I think I'll ring up today and ask about the offset.

Well done for doing so well well with mfp, I going to move on on to the food side of things once I've settltled into not drinking -or cutting right back , I think if I call it not drinking at all I may sabotage my own efforts and rebel still no drink this week

Last night I downloaded a trial of you need a budget for free, I've been filling it out but am not sure about still using my cc to pay for food, petrol etc. I have a 0% cc that's being paid off monthly with a balance on it , and the daily spending one which gets paid in full each month when the bill arrives.

I'm not sure if I can allocate my grocery money on the ynab page and use the cc to buy it and then pay it off later if that makes sense? Does anybody else use this system and have you found it worthwhile if so?

I'm not sure whether I should switch to using just the current account again if it's easier, but then I will be behind as using a credit card mans paying quite a bit in arrears and it will probably mean one more month on the term of the mortgage to make up the shortfall.

I don't know, I fancy a change of system as it can get a bit dull just setting a budget and paying it off monthly, I thought this may add a bit of interest