I STILL want to be mortgage free - 2011!

twinklie

Thanks for the support Grateful, there doesn't seem to be much of it about.

Right it's that time of the month AND year....time to do some sums.

twinklie

2011
Mortgage at start of January: £36,429.83
Overpayments in Blue.
Interest in Red.
Balance in Green.

Month: Payment (Std / OP) / Interest (per day) / Net reduction / Balance

January: 450.00 (328.81 / 121.19) / £163.63 (£5.28) / £286.37 / £36,143.46
February: 450.00 (328.81 / 121.19) / £162.34 (£5.80) / £287.66 / £35,855.80
March: 450.00 (328.81 / 121.19) / £161.05 (£5.20) / £288.95 / £35,566.86
April: 450.00 (328.81 / 121.19) / £159.75 (£5.33) / £290.25 / £35,276.61
May: 450.00 (328.81 / 121.19) / £158.45 (£5.11) / £291.55/ £34,985.06
June: 450.00 (328.81 / 121.19) / £157.14 (£5.24) / £292.86/ £34,692.20
July: 450.00 (328.81 / 121.19) / £155.83 (£5.03) / £294.17/ £34,398.03
August: 450.00 (328.81 / 121.19) / £154.50 (£4.98) / £295.50/ £34,102.53
September: 450.00 (328.81 / 121.19) / £153.18 (£5.11) / £296.82/ £33,805.71
October: 450.00 (328.81 / 121.19) / £151.84 (£4.90) / £298.16/ £33,507.55
November: 450.00 (328.81 / 121.19) / £111.41 (£3.71) / £338.59/ £33,168.96
December: 450.00 (328.81 / 121.19) / £110.29 (£3.56) / £339.71/ £32,829.25

Totals: Payment / Interest / Net reduction.
Grand Total: 5400.00/ 1798.72 / 3600.59

Balance outstanding: £32,829.25

twinklie

My bank balance is significantly lighter after getting my little Belle speyed yesterday. That said, she hasn't got the memo about resting...silly animal. She wants to fight, wrestle and go for a walk...all of which obviously aren't happening. We are having to be very creative with entertainment at the minute.

Brodiebobs

my springer really didnt get that memo either, it was hard work as she had so much energy as she couldnt go out walking!!! that week was a long week!!!

CathT

Your daily interest has really come down since January, well done! Hope Belle slows down and takes it easy.

twinklie

I apologize if you have heard me wittering on about this elsewhere, but I want some advice in constructing a pros and cons list from people that will think more logically than I. I want to move and teach abroad. I need help constructing my pros and cons list though.

Pros:
1. Satisfy my sense of adventure.
2. Better for my health (assuming we go somewhere less humid).
3. Enriching experience for us both.
4. Experience new culture.
5. Learn a new language.
6. Potential to earn more money (not a driving force AT all for me).
7. Make new friends.

Cons:
1. Very difficult to come back and get into the UK education system.
2. No pension.
3. No family or friends.
4. More financial pressures....a financial pressure too much?

We'd need to have a place for Belle as well or it would be a no go. I should add that DH is up for it...I'm not making him. Ha ha.

katsu

Have you looked at the sort of places that are less humid to see what they are like to live and teach in? On the more money front, what sort of pension savings can you make if you are not a UK resident (am wondering how pro 6 balances out con 2)?

twinklie

Thanks Katsu, that would depend very much on the country (and package I was offered). Depends which country I went too in terms of level of taxation. I've been doing quite a bit of research and it seems that most international teachers appear to invest in property rather than get a pension. I'm not sure how comfortable I'd be with that. But then like I say I'm still pretty early days.
I am in the process of researching various places. I have to be honest, I'd prefer English speaking or europe - but thats a comfort blanket thing I think.

katsu

Hi Twinklie,

I think living in an entirely unfamiliar place can be very demanding so maybe you could think of starting in an english speaking or european place, then think of moving on to another country later if you wanted to?

twinklie

I loved living in the US when I was there. It was the best time of my life, despite working a shocking job for no money. I was the healthiest and happiest I've ever been. Despite the awful things that happened in my private life. Living in a non English speaking country doesn't phase me since I would be working in an English speaking school, so knowing there are people I could talk to. Rose tinted specs anyone? Ha ha ha