MFW newbie....

twinklie

Wow honey...well done on the motivation factor. I'm impressed and slightly terrified. I've never realistically thought what might happen if I was unable to work. In fact, I'm going to continue to burry my head in the sand over it...far too scary. x

SmlSave

Hi hun

frozen half a loaf of bread rather than chucking it because we dont eat it and it goes mouldy!

I do this too as DH either eats a whole loaf in a day or none for ages. As you can see from my sig I try to keep grocery shopping under £200 (including tolietries and alchol) and there's 2 of us too.

My DH is happy to let me deal with the money and grocery stuff and insurance and holidays and.......sigh. sometimes I think it would be nice to have more help but being truthful - I'd still double check anything he did and probably take over too

When I tell him how much we could save by OPing he say something like "well, go ahead then" and he puts extra money in the account for me to pay the loan first, savings second and mortgage last. As long as he gets to buy himself treats (a new phone this year £300, a new TV last year £300, there's been a new laptop, new sound system etc, etc) and he gives himself £250 *faint* a month to spend - on lunch mostly too - then anything extra goes into the account.

Just saying that I know how it feels "doing this all on my own now" as DH doesn't doesn't seem interested if it involves him having to give up anything or do anything apart from keeping the account topped up. I do luv him but hitting him with a frying pan does seem tempting every so often.

gosh, I've written quite a lot haven't I?

museumworker

Just wondering whether if in current climate - uncertainty with job/income - might be best to pay Mortgage OPs into a high interest savings account, rather than the Mortgage? That way you can get it back if you need it, or transfer it over when you feel more certain about finances?

Definitely agree about changing job, I took a big pay cut for my current job as was more what I wanted to do - my last job I hated so much I was crying in the morning before work. Having suffered from severe depression in the past, I knew if I carried on I would make myself very ill. 10 months on, am so much happier :D:D, and pay has gone up a bit anyway .

Sorry to hear mr tyo not fully on board with the MFW concept. Like SmlSave's partner, me and OH both have £150 'pocket money' each per month, which we can spend on whatever we like, all of the rest goes into a joint account which we both have equal say over how is spent. Perhaps if he had enough 'pocket money' to feel free, and saw the rest as joint money for you both to build a strong future, it might help?

[Deleted User]

Radish
thank you - yeah I think he will come round to it, but my commitment to it is very differnet reasons from him , so am bound to be more enthusiastic!! Oh and I hear you on the tvs! what will you do with 6?? :rotfl:

twinklie
dont mean to be scary!
smlsave
boys eh?? seriously tho I think my heart is set in being much more financially secure for me, the peace of mind in not owing such a big debt would I think make a big difference...and he totally supports anything helping my piece of mind!

mw
sorry to hear you have struggled with depression and glad to hear you are doing okay now and in a job you enjoy,putting the money into savings is a good plan... I need to look into accounts and definitely need to build up a good stash as they are looking pretty depleted at the mo!!

MFW_DannyG

Hiya! R.e OH not being interested in your MFW diary/quest, Mine isn't either but as we have a joint account, all our moneys go into it and I pretty much control it (only because she never bothers with it, and shes rubbish with money!). This is the main reason for starting my MFW diary because whenever I try and talk to her about it she never seemed bothered. Its frustrating but thats the great thing about these forums, everyone has the same goals and everyone gives encouragement! :T
Sorry to read about your current troubles, you seem to be really positive though so keep it up! You'll do it no probs!:j

Lynn11

I am in a similar situation. OH is a bit interested but as I do all the finances from the joint account then I deal with this. It did help us when we moved to a bigger house 2 mths ago and it certainly helped that we had overpaid over £13k which was major.

During the months prior to the move, I did not overpay as they were dealing with porting over the original mortgage so I put the money into account and am slowly using this money plus a bit from savings to continue to overpay but later on in the year it will slow down more as we only a bit money allocated for original overpayments but as everyone says every bit helps and want to bring down our mortgage amount by the time we have to remortgage in June 2012.

As long as its not affecting our lifestyle he will be ok with me doing overpayments and knows that its helps.

Good luck

[Deleted User]

Hey guys
danny- thanks for the encouragement, Mrtyo is happy what I do with money but just doesnt share the determination (addiction??!) or incentive to pay off the mortgage quickly in the same way... like I said I want it for my own piece of mind...
oh I read about the cake baking success in your other post- congrats!!:rotfl:

Lynn- thanks for sharing, yep I think my OH is the same, as long as we have enough to be comfortable he is okay and I think in the long run when we come to buy somewhere bigger it will do us good!

Good news today- checked the mortgage balance today and it is now down to £129200 (ish) ! :T I didnt make any OP as the money actually needs to go elsewhere at the mo! need to get savings back up to scratch!

Radish72

Keep posting

This is your diary and I like reading it, so whether you OPing the mortgage, saving for future bills, building up an emergency fund, keep telling us all :T

[Deleted User]

Ok Radish...dont need to be asked twice to keep rambling about myself !! ;o)
think I need to remember this getting MF is it for the long haul ...and before that I really do need to get the savings sorted, but having somewhere to ramble about it is great!!

good points for today- have sent off for mobile fone bags to sell 2 of OHs old phones
also will get paid for doing a survey this morning

bad points...just spent over 3 pounds on chocolate...mmmmm....gotta have some of lifes little pleasures tho!

MFW_DannyG

Yea TYO keep us updated with how everythings going, after all - savings etc are all part of the MF journey too!