Lois_E begins a long MFW journey

Lois_E

Yay! Mortgage payment has gone out, so I can update my sig. Those numbers are coming DOWN!

No particular mini-milestones from the mortgage payment this month, but that's OK because taking a month off my mortgage-free and mortgage-neutral dates actually happened today when the payment cleared, although I put it in my sig on Saturday when I went onto online banking to set the payment up.

mrs_motivated

Hi Lois and well done again. :T


Sorry for what might seem like a dumb question, but how do you work out your daily interest? I like the idea of that figure reducing to keep me motivated.

Lois_E

mrs_motivated wrote: »

Hi Lois and well done again. :T


Sorry for what might seem like a dumb question, but how do you work out your daily interest? I like the idea of that figure reducing to keep me motivated.

Not dumb at all, mrs m. I just happen to be an excel geek.

My annual interest rate is 2.5%, which is in cell A8, but you can change the formula for whatever cell you've got yours in.

My interest is compounded monthly, so my daily interest rate is in a cell that calculates this:
=((1+A8)^(1/12)-1)/(365/12)

If your interest is compounded daily then the formula for daily interest rate would be
=(1+A8)^(1/365)-1

Then my actual daily interest is my current mortgage balance times that daily interest rate.

Hope that helps.

misscousinitt

Lois_E wrote: »

Yay! Mortgage payment has gone out, so I can update my sig. Those numbers are coming DOWN!

There is something really satisfying about updating your signature isn't there?

MCI

Lois_E

misscousinitt wrote: »

There is something really satisfying about updating your signature isn't there?

MCI

Sure is! That's why I have so many items in my sig - to increase the chances that any particular update will get one of them to a mini-milestone.

Had a headache on the way to work this morning. My route takes me past a Mr T Express so I went in there for some ibuprofen. Would you believe it, they'd run out of own brand ones and I had to get branded ones? :mad: I had to tell myself not to get things out of proportion, and to remember that being headache-free for a day's teaching was worth the extra quid and a bit that it cost me.

nattypants

Hope you're feeling better now Lois

Radish72

Don't forget to stock up on the own brand ones and keep a box in the car

Lois_E

Thanks natty. Head OK now, I'm glad to say.

Radish, that's a good suggestion. I usually have some in my handbag, but they'd got taken out when somebody else needed one, and not put back. Oh well, these things happen. So there I was with cream for insect bites, and plasters, and stuff for heartburn/indigestion, and for hayfever. But none of that was any use. :rotfl:

mrs_motivated

Hope your headaches gone now? So your a teacher, I should have guessed - clever spreadsheet instructions that even I could get my head round.

Teaching is something I always thought I would like to do. . . But after supervising 47kids from around the country on a community youth leader conference I know I couldn't do it. I didn't sleep for 3 nights patrolling corridors and the nearby woods :eek: at three in the morning rounding up escapees and confiscating contraband :cool:

Lois_E

Why d'you think I never volunteer for residential trips? I can deal with them for an hour and a half, but a whole weekend? No thanks! :eek: