Pay off mortgage and start having fun!

CathT

Amazing results for dd and definitely worth a treat. She sounds so disciplined and focused.

My house has been busy with ds and his friends popping in for ice lollies/drinks/ice creams between playing. Maybe some practice for the teenage years???

Moneyfordreams

Congratulations to your DD :T:T:T

themadvix

Well done to your DD, fantastic result! :T :T :T

newgirly

My house has been busy with ds and his friends popping in for ice lollies/drinks/ice creams between playing. Maybe some practice for the teenage years???[/QUOTE]

Yes Cath although having them frying bacon and burning toast very late at night (or early in the morning depending on how my old you are!) would be better practice :rotfl:

Thanks for the comments re Dd cath, mfd’s and Vix we are not going out today now as yesterday’s coffee turned into a day out. Our local large shopping centre has extended and built a bowling alley/arcades etc. Plus loads of new restaurants, unusually the elusive ds1 agreed to pop to the shops with dd and I first thing and we managed to keep him all day playing pool, arcades and then we had lunch at tg@ fridays expensive (over £100 all in :eek:) for three of us with a few drinks for them but a great treat.

About to get up now to put on the washing that didn’t need get done yesterday and start the financials - I will get myself back on track properly today, I need to plan my spending better

themadvix

Sounds like a fun day!

newgirly

newgirly wrote: »

newgirly wrote: »

newgirly wrote: »

JULY update!

Start figures 1st JAN 2019

Mortgage £79,000



Total at 25th APRIL 2019:

Mortgage £72,866.48


Total at 9th AUGUST 2019:

Mortgage £74,568.29

£2,000 has been paid from the mortgage towards the new kitchen and bedrooms pot, so an increase of £1701.81, or as im taking it a reduction of £298.18

Total reduction this year £6,431.70

Looks like no chance of any payments to the mortgage except small ones until October due to the building works being more than anticipated , as well as they fact I want the living room done too (electrics/plastering/flooring) with an extra budget of £3k needed.

I’ve probably not helped matters by booking a break to Budapest and a cruise, so some cutting back is needed!

newgirly

Well I’ve seriously underestimated what we have to pay for still :eek:

As Dd is starting a new six month full time course, we planned to pay for her fares and a little extra for books. I know this but have not really registered it properly in my brain So £300 pm needs to be in the budget.

I think the least stressful way forward is to get every large expense outside the usual budget paid for in 2019, with just the usual expenses and regular ongoing holiday savings to pay for from January next year onwards.

This means EVERY pound we have coming in is earmarked and the budget is a little tight, items covered are :

Dds extra money (for the whole 6 months) £1800

Amsterdam spending money (2n +kids) £400

Budapest spending money (2 nights) £250

Building works £2,178

payments towards cruise balance £1,097

Xmas food and drink budget £200



Clearly there are holiday costs there too, ongoing the budget for that will be £100 pm plus half of the rent the boys’ pay (£45pw each) split with ops to the mortgage. However ds2 is hopefully starting a new job in January and is currently only doing work here’s and there, so I’ve been decided to budget for it just to be safe. I may have been a little keen booking things :rotfl:

Any rent or extra I can get hold of or save will go to ops this year.

As for next year, hopefully the budget will stay exactly the same with the £1089 available on going oping the mortgage instead.

Monthly expenses are :

£699 bills

£144 mortgage interest

£200 Xmas and birthday presents

£100 cash for food (Costco/Amazon bulk toiletries etc.)

£100 petrol

£400 grocery budget on cc

£200 cash for everything else


In theory this would leave us with a balance of £38,040 at the mortgage end date of April 2022, just over half the balance left from what it is now.

newgirly

Last but not least this months mini challenge

Total spending from £400 grocery budget is £76 so far and petrol is £0 from £100, I’m hoping to come under budget by £100 between the two, this will go 50/50 towards ops and a treat for dh’s birthday.

Plus I would like to make extra ops of £20, not sure where from yet

newgirly

Oops where have the last few days gone. Life is a bit crazy, I would say at the moment but it does seem to be a long term issue

The usual teenage boyfriend/girlfriend dramas, with late night Uber’s home after rows, pizza ordering late at night and then forgetting and me having to get out of bed to remind them it’s polite to open the door. Drunken nights out ending up fully clothed in a hot tub and then a barefoot walk home. Beer festival, coming home to a filthy kitchen after a long day at work and the weekly food shop to put away, fridge and back door left open for no reason, a dying pet rat moving in with us and a sulky Dd. That’s just the last three days :rotfl:

My parents have also slightly stressed me out with an offer. They are buying (another....) new car, so are getting rid of their 3L diesel sporty BMW 4x4 Aka Nigel. He is currently used for trips to the tip by my dad so he doesn’t get his posh car dirty. It’s a generous offer, however I’m a little frustrated as dh likes the car and has offered to buy it many times, but they didn’t want to part with it. The waited until we bought the beetle and the very next day said we could have had the BMW instead. Now they really do want it to go but don’t want to sell it as it’s “family”.

The lowest I can get the insurance is £650 and tax is over £360 odd I believe, plus it’s massive and costs a lot to maintain, things have a habit of being expensive when they break on Nigel, and thats not a rare occurrence. It seems like a lot to spend on a car that we will use for trips to York or long distance really. But it’s a big fast comfy car they have had since new.

I think the extra money it would cost is better spent on weekends away. Am I right turning it down? Dh would like it but can see it is quite a financial liability....

varfor

I think you're made a good choice. It's easy to sink a lot of money into a big car! The unexpected expenses can really add up.