MFW newbie....

mummyofonechild

It was everything happening at once that sent me to look on this site. So when things got better I started to get rid of the biggest millstone round my neck and no its not Mr MOOC

[Deleted User]

Mooc
yep those big milestones hanging round our necks have to go (and not husbands ! :rotfl:but that did make me laugh!)

am hoping things will get better or at least clearer soon.... but this has definitely motivated me to do something constructive about clearning the mortgage as soon as possible!

mummyofonechild

They were my reasons as well. 18 months ago I could have written exactly the same comments. Things will work themselves out I am sure. Take care and if you need any help you know where I am xx

[Deleted User]

thanks mooc

Its hard to hold onto the fact sometimes that everything will work out- I know it will, it always has a way of doing it...! just need to remember that!

glad all is ok for you now..hopefully I can look back in a years time and be in a very differnet place (and with a lower mortgage! )

on the up side have been doing well with the shopping and going down a brand or two...will be good to see how much we are saving over the next few months

Radish72

Morning (just)

Above the first post on any page is a green toolbar that say "Thread Tools", click on the arrow and a menu will appear allowing you to subscribe to a thread

Hope that makes sense

[Deleted User]

Thanks Radish
managed to subsrcibe to a few threads!!
does anyone have any suggestions for good MF tactics whilst living on one income?
I know others are moneysaving on one salary and for the moment that is the situation I /we are in...so any hints and tips or things I may not have thought of much appreciated!!

tyo

SmlSave

Corr that's a long post!

Can't give any advice re the flat, sorry hun.

That was your todo list for the day!!!! *faint* How did it go?

Ohh, remember you can get breakdown cover with your tesco clubcard points from the RAC - wish I'd known that last week!

[Deleted User]

smlsave
thanks- no not the to do list for the day dont worry ...!:rotfl:more just to do list in general...in fact have done precisely zero on that to do list

am off to draw a house with 129.5 bricks (to represent each thousand I need to pay off) as per someone elses thread!! oh I am so sad and obviously waaaaaaaay too much time on my hands!:rotfl:

mummyofonechild

still interested in anyone who manages this on only one income or on v low income...


That would be me then. I work fulltime on NMW and husband is at home on disability benefits

Can anyone get lower

museumworker

Hi Deleted_User, I am a bit tipsy after work do but will try and make some comments...

regarding the mortgage - it sounds like it is a financial decision whether/when to keep. I would put it into black and white i.e. figures as to how much paid for property, mortgage, rental income, sale value. I would get proper valuations for it (before any work, and also check whether it is worth you doing any work to it). Sometimes seeing the hard sums helps make the decisions for you. If you are currently paying to subsidise it, it is not a good rental option, although as you say it may be worth more rentally on the open market. If you are paying less off the capital than you are personally subsidising it (see that complicated calculator I left a link too) then you have to question whether it is worth it... like I said, seeing the figures in black and white will help, whether you choose to post them here as well is up to you.

Also, am I right in thinking you have CGT to consider if you don't sell it by 2012?

Have more comments on general post, but will leave till tomorrow when feeling more .

MWx