Pay off mortgage and start having fun!

newgirly

Two very different camps here then on the ironing front 😆 
SC we have not really used it since the kids got older as they are always out and about (until now!) they have cleared it as much as it can be without a trip to the tip and garage over the road, they are now using the hot tub again after it’s been drained and is all clean again.  They say it’s spider free but I’m not keen still! 🕷🕷🕷 

newgirly

Dh is at work today, I’m having (another) lazy day 😬 yesterday was spent cooking a full homemade Indian “takeaway” this time with homemade nan bread and mint Raita as well, it really does take forever though so I might make it every other week . Video chats are very frequent, yesterdays chat with dd was a good one, not even much taking after a while but both of us cooking and singing to the radio 😆 

I see some more online shops are opening up again that had been shut, need to keep away from buying things I don’t need. However at the moment I really “need” an Emma Bridgewater Xmas themed large teapot that’s reduced, I may cave in if it’s still there on payday when I get a little personal spending money, I like to think of it as teetotal costs due to drinking tea instead of loads of alcohol now, we’ll it’s the best excuse I can think of so far!

The £2.50 clothes for dd have arrived, they are great, a summer dress from n@w look, a checked shirts from t@pshop and a sleeveless blouse from pe@cocks, not bad! The dress I ordered for me in. 10-12 is more like an 8 though so she’s getting that too, actually it could be a proper 10-12 but I’ve eaten too much lately.....

Thanks to the extended furlough scheme I’m now getting an extra months pay on 80% , this is very good as I don’t know if I will have a job anyway, same goes for ds2 who wants to isolate for three months with his asthma. 

Food shop tweaked last night for collection tonight, £73.96 after using a £5.05 coupon, leaving £26 odd left from the next shop plus £9.80 I’m owed from someone at work for bits. May need to dip into personal spends or else just start the food budget a few days early on the 27th instead of the 1st may, it’s all on the zero interest card anyway. Must do better next month on the food shop! 

CathT

We overspending on food too Newgirly, Dh has done two £40 shops this week but the fridge is still empty which baffled me. Apparently the freezer is full. Good news you're getting furloughed pay too, take some of the worry away for now. 

newgirly

Our fridge is full Cath but with butter, cheese, sauces etc. Everyone’s given up opening the fridge and expecting to see something there they can just eat 😆 
Food shop collected and yet again something leaked, this week a big tub of yoghurt, only a few bits missing again but we hit the jackpot in other ways, I noticed reduced Easter eggs online so put 2 of each type in the trolley, obviously they have all gone but they substituted them for 2x galaxy eggs (60p) and 7 medium Malteser eggs 🥳 (30p) after a severe chocolate  shortage lately of one bar of value stuff each a week for the kids, this is the most exciting thing to happen for a while 😁 

Just looked at the current mortgage renewal rates as I can lock in a deal in a few weeks time for July and at the moment they are 2.05% for an offset with no fees, this is what we will go for (current rate 2.19%) as with two years left on interest only we need to stay with them while we keep these costs very low and op the business mortgage. I’m assuming that there’s no benefit to hanging on another couple of months for a lower rate with them as I would have thought any drop would have happened by now? 

themadvix

I don’t know, but I’m still receiving notifications that my savings interest rates will fall, which of course they’ll do before reducing the mortgage rates... so it’s possible. They don’t need to move that quickly as there’s very little happening in the mortgage market at the moment. Might depends how long your few weeks is!

newgirly

It’s end of July Vix, so I guess I might do well to hang on a while then if that’s the case, thanks 😊

themadvix

I wouldn’t tie yourself in yet then... rates won’t be going up, after all!!

newgirly

 It much to report here again, dh at home again today. I did a little online shopping though and bought a few bits from emm@ bridgewater. Mostly for Xmas presents though so not too naughty! One “fat rascal” from Betty’s mug for dad and a similar smaller style one for mum, plus a little matching melamine tray, I’ll get a few Betty’s bits when we go to York before Xmas to make a hamper with it all. Then I ordered a cheaper seconds mug for me, plus the Xmas teapot I’ve been procrastinating over for days. I’ll put it away and get dh to get it for me for Xmas. I did manage to get 15% off for the full priced bits and 7% topcashback so £65.85 total for three mugs, a large teapot and a tray. 

Will look at the finances today, as we have a shopping slot for the 27th it seems silly to try and stick to the £20 odd  left , so I’ll start May’s  budget a few days early and do a big shop, we will need it by then. Time to also do a bit of baking, I think a tea loaf and some fairy cakes, I may also make some garlic bread to go with dinner, the nan bread turned out really well, so I guess I may do it the same then brush with butter and garlic 😁

newgirly

Good news today, looks like I have an extra one weeks pay at furlough rate from when I stopped working 😁 also received (after a second nudge) some money from one of the guys at work after I bought him a few bits in our food delivery, only £9.80, but it’s £9.80 off our mortgage now. I’ll probably put all the furlough money in the offset from now until it ends, possibly to go off our home mortgage in the future but maybe off the factory mortgage if we get behind with the projected payments. 

As home mortgage ops are going to be a token £50pm (and we are IO!) there is plenty of reason to really start focusing on making constant ops however small. I shan’t be doing that on the factory mortgage as 1). It will be way too complicated and 2). Because I can’t get too deeply involved in the business finances due to me being a control freak and questioning all money going out 😂.

So my plan is to attempt to put £400 pm by in the offset to go to the factory mortgage, along with normal repayment plus £4K in dividends a year (very big if about that part). All other efforts will go to the home mortgage and also the holiday savings occasionally -aka in premium bonds. Then even though more money is going to the factory as we planned, I will still feel like the home mortgage is the daily priority , daft as that may sound I just can’t switch off from it after all this time and energy 🙄

Moneyfordreams

That is good news on the pay. Your finances are very complicated... so I'll just say well done and keep it up