Living life, loving life.......hypno's having a ball!

hypno06

I agree there milann.....there is just something TOO good about them :drool::drool::drool:

Had a lovely afternoon - took half a day off work and met my lovely friend for a long lunch and a spot of shopping, followed by another glass of wine before heading home. Nicely relaxing, and much needed.

I like my life

gilligansyle

hypno06 wrote: »

I like my life

And that's what really matters :beer:

taxi73

sounds like the perfect way to spend an afternoon

hypno06

Thanks taxi - it was lovely, I have to say.

So.....into July.....another mortgage payment made and therefore I own a little bit more of my lovely house Signature duly amended and although still not making overpayments, it is nice to see the numbers heading in the right direction.

Regular savings payment also made, so those numbers are heading in the right direction too. Once I have built up a safety net of cash from the regular savings, I will then leave that as it is and make the same payment each month to the mortgage as an o/p instead.....but for now, building up a reserve is my priority and one I am enjoying seeing increase each month :T

taxi73

that sounds like a great plan..I really appreciate my savings/safety cushion as it really takes the worry away

MrsMoo2U

I am another one who likes a safety cushion. I often say I have no money when I do, in fact have my savings pot. Better to ignore its there I find. Great plan. No need to rush these things and end up not enjoying each day. You seem to have found a good balance.

hypno06

I've never really had that sort of security, and I am more and more aware that there is only me to rely on, financially, nowadays.....so it has become more important to me to incorporate it as an "essential" into the budget.

I have always been full of good intentions to save, but of course the debt took priority previously. Now, I have little in the way of excuses, and don't want to fritter all my surplus on enjoying life, only to find that I regret it in due course.

By doing a standing order each month, it makes me do it, and I treat it as a bill rather than an optional "maybe next month" thing!

Obviously, my mortgage is still huge - owing over £164k is still something I want to tackle in a bigger way, and the aim is to pretty much have it gone in the next 10 years.....time will tell, but I think I have the balance more or less right at the moment

Verbatim

I think you have the balance pretty well right at the moment too!

Having paid off my mortgage once I took out another, (much larger than the original!) to do work on the house and put £20k on 0% ccs to keep the mortgage down as much as poss. Then our circumstances changed and the rest is in my signature. But I do have emergency savings and always have had, since my dd was born. Are you aiming at 3 months worth or going for 6 months?

taxi73

the safety cushion is so important in this day and age and at least you'll be able to make mortgage payments in the event of losing your job/illness etc whereas paying it all as overpayments to the mortgage still leaves you wide open to not meeting payments in event of losing job/illness...that's what I based my desicion on anyway.
my main worry at the moment is that I feel that a banking crash may be on it's way and am worried about my savings being in the bank..I know they are supposedly protected but where would the government get the money from and how long would it take?...i just have this bad feeling

Cheery_Daff

Well done Hypno!

I've never had a safety cushion either until recently - it's still only small, but seeing my bank balance actually makes me SMILE now - what a shocking thought! :rotfl: :rotfl: :rotfl:

Incidentally, what *is* an appropriate safety cushion to have?! I'm putting £100 a month into an 'emergency' fund at the minute, and was considering stopping at the end of the year (so £1200). But then there's two of us, Mr Daffs has a similar amount as emergency savings - is that enough?! (working on separate pot for the car falling apart - which it does - frequetly :rotfl:)

I'll also have £10,000 in 'I don't want to work full time any more' pot after a couple of years - but that's for supporting me if I land up without a job, not for 'bits falling off the roof', so I don't know if that counts.

Have I got too many pots?! Confusing myself now! :rotfl: