Sunnydays tiny steps

newgirly

Hi Sunnyday, wow you have been busy. Congratulations on the op, its fantastic news you must be so excited now. :j

Do you have anything special planned for when you are MF?

Sunnyday

Hi Newgirly :wave:

plans for the rest of this year are :- pay council tax and then replace the isa in that order

It really doesnt feel as if we are this close yet IYKWIM.

Looking forward we can then continue with the renovations that started years ago before DH lost his first job. The house is liveable but needs so many things doing that i could fill a loo roll with all the jobs :rotfl:

After all the ups and downs over the last few years it will be lovely to have some security and i`m really looking forward to that even if the work takes a long time.

Just waiting for the postie for the next few days and the next magic letter to appear now


SD

LydiaJ

Hi Sunnyday

What you've achieved so far is amazing. Huge huge well done.

I just have a small suggestion for you. Why bother paying the council tax early? It's not as though they will give you any interest for paying it early, or charge you any interest for carrying on paying it monthly. Why not just keep paying it monthly, and start refilling the ISA as soon as you are MF? Then your money will be in the ISA for longer and you'll get more interest on it.

Sunnyday

Hi Lydiaj :wave:

thanks for your advice, it is the most sensible option and up until about three years ago i`ve always paid the ct monthly.

We had a blip where we needed extra money when we had a huge unexpected outlay and we fell behind with the ct, we were worried that we would lose the right to pay monthly and the remainder of the balance had to be paid immediately.:eek:

Since then i`ve always tried to get a year in front with it so that if anything unexpected turned up we wouldn`t be in the same position again. Its more a psycological thing than anything else

Things may well change when our outgoings reduce but for this year i need it out of the way. Next year will be very different for us financially so many things will change and i shall look at doing the sensible thing and paying monthly once again.

Thanks for reading x

SD

Sunnyday

*creeps in quietly*

*Starts dancing* :D:D:D:D

I`ve had this letter for a couple of days now and i`ve only just got around to posting the contents so here`s a little update.

New balance £1366.19
New minimum payment £12.12
:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j

I`m hoping to pay another £700 off next month as i`ve done lots of extra work - may even manage to make it to £1000 but i`m not counting my chickens. I get paid 4 weekly so the time is coming around where all the direct debits come out of our account before my wages go in so i need to keep a careful eye on things for a while.

I`m assuming that the exit fee is paid when i make the final payment so i need to take that into account too. I shall have a nosy at my spreadsheet later when i have a bit of time to spare.

I am wondering how long i have left on my term (officially in the eyes of the lender) so i need to give them a call and ask, i also need to check that there are no unexpected penalties for paying the total outstanding balance off at any stage - i don`t think that there are but i need to be sure

My head is buzzing atm so i think that i need to make the calls now before i have to pop out

SD

wantabetterlife

Well done Sunnyday :j:j

setmefree2

Sunnyday wrote: »

*creeps in quietly*

*Starts dancing* :D:D:D:D

I`ve had this letter for a couple of days now and i`ve only just got around to posting the contents so here`s a little update.

New balance £1366.19
New minimum payment £12.12
:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j

I`m hoping to pay another £700 off next month as i`ve done lots of extra work - may even manage to make it to £1000 but i`m not counting my chickens.

Sunnyday

Hi Peeps :wave:

since my last post i`ve spoken to the lender twice.

It seems that as our balance is so small we pay a reduced exit admin fee :j I was right in that the fee is normally £295 but as soon as the balance became lower than £10,000 the admin fee falls to £195 so another saving there

The term left officially is bang on ten years as we reduced it a while ago, i called the lender a second time today after going through all our expenses this month and i`ve managed to pay another £500 as an overpayment :j:j

This means that the balance is now £866.19 The normal payment will come out on the 14th od next month and then i shall see whats left when i get paid.

Sadly i`ve only two more days of overtime left now as all the leave has been taken at w*rk but i can`t grumble as its increased my wages enough to be able to get the balance right down. I am looking forward to easing off though as i seem to have been living at w*rk lately. Overtiredness has been causing me to not sleep well so i can start to get back to normal and relax a bit.
I have a day off tomorrow and the weather forecast is promising so i`m looking forward to getting outside and tidying up the garden, i shall also start off some seeds too so that my tomatoes and chillies all get a decent start.

I think i`m in need of a cuppa

Not long left now

SD

newgirly

Well done Sunnyday, you are soooo close now :j What will you do when thet mortgage is gone? I hope ypu will still visit us

SmlSave

This means that the balance is now £866.19

Congratulations!