Baileys MF Diary

Baileys

Another long time lurker coming out of the woodwork

I have been following the diaries on here for some time now and I want to start my own ramblings!

A little bit about me I remortgaged in April 2009 to buy out my ex. The mortgage started at £94,749 fixed for 2 years at 4.19% and currently has 28 years 3 months left. In addition to this I had an £8k loan to cover the shortfall of the original mortgage as my lender wouldn't give me the full amount.

I been overpaying my mortgage when I can and have overpaid £1850.00 since I started and my balance is approx £90,221.

I have just transfered my loan (was 9.9%) to a credit card (5.9%) for the life of the balance and I am concentrating all my efforts to clearing this now. My current balance is £5177.

I am going to use this diary to log my attempts at clearing my mortgage/credit card debt. I haven't really set any goals, just going to pay off what I can when I can.

Off to update my signature so I can see my progress.

Thanks for dropping by

Baileys

*Jellie*

Welcome! Good luck with your goals.

Secret_Saving_Squirrel

Very good luck to you - many people on here have bought out their exes, and it is great to see them getting on with it and doing brilliantly. Stick with it,

Squirrel

Spiggle

Welcome and good luck Baileys!

All the best,
Spigs

yukkibear

Good luck with your journey.

Baileys

Thank you for the welcome


Today has been productive, I have been looking at ways to pay off this credit card sooner as I don't want it hanging round my neck and I want to start making in roads on my actual mortgage. So I have:-

• I have applied for another credit card and managed to get a £3k credit limit at 0% for 15months, so I will do a balance transfer to the other credit card when it comes through.
• I finally got £50 from the Halifax from opening an account with them in Sept! so this will be transfered to the credit card along with £10 reward payments
• I've bagged up £42 in loose change and this will be banked with £45 in notes then paid off the credit card.

This leaves £30 to bring the balance to £5k, would like to do this before the end of the year so better get my thinking cap on to raise this in the next few days!

Baileys

cha97michelle

Another diary. Love it. Good luck, and welcome xx

RosieTiger

hey, really good progress already, so well done !!

Baileys

Well I have hit the sales today and I'm very pleased with my purchases!

I have brought 24 presents, cards inc individual ones, gift tags, crackers and it has only cost me £21 - Whoo hoo! :j so I have christmas more or less "wrapped up" for next year (I only have 7 more presents to buy).

I'm a bit sad and have calculated that all this stuff would have cost me £157 at full price, but with all the sales/discounts it should have been £76 and as I used points/vouchers saved throughout the year I only used £21 of my hard earned cash so I'm feeling a little smug lol! I hope that you have all been able to find some fab bargains in the sales too.

On a MFW note, I found the extra £30 (a planned day out that I had budgeted for was cancelled due to poor weather and as it was a one off and can't go again I used this to put to my credit card) and I have now transferred the £177 to my credit card so my balance is now showing £5k

Hope you are all enjoying the festive break, I have been very busy the last few days so haven't been able to catch up with the diaries but hopefully when I'm back at work next week I will find out what you've all been up to

Take Care x

LilacPixie

ooo very very good bargain hunting... Welcome to the adictive world of the MFW

Baileys

I had a new mobile for xmas and as part of the "deal" had to spend £10 on a PAYG sim to get the phone as I am on a SIM only contract :mad:

Today I have called my network provider to see if I could transfer the £10 from the PAYG sim card to my SIM only account so that I don't have to pay my bill one month. They were unable to do this but gave me £5 off my next bill anyway as a goodwill gesture. Since then my sister has said she will buy the sim card from me .

I have also sent my old mobile away to be recycled and will be paid £13 (it was a dinosaur but I loved the phone so much!) I also got £1.50 Quidco too.

So when I have been paid for all of these things that will be another £29.50 off my credit card bill - yay!!

Baileys