It's time to go back to the 90's!

LilB_3

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GeorgieFTB

I like going through SOAs on this board as I'm not sure there is much that MFWs do not seem to know... other than your car insurance it all looks good... so shop around when it come to renewal (check if a multicar policy is cheaper etc)

If I was you (and with that surplus I wish I was) I would fix your monthly mortgage payments to about £600 then you will stll have 3-400 spare in case of emergencies.

Gx

Quenastoise

Welcome to the site and congratulations on completing your SOA, I am sure you'll find plenty of feedback here.

The SOA seems quite reasonable (but food and petrol seem low), my only concern would be the repayment of the mortgage in 6 years' time. As you seem to have some cash left at the end of the month, the obvious thing would be to put this money aside towards the capital repayment. Unfortunately, interest rates on savings are not that brilliant at the moment.

What are the repayment terms ? Can you make a lump sum payment towards the capital in 6 years' time without being penalised financially ?

Similarly, I can't imagine that you would be allowed to start repaying the capital now without being charged a penalty fine, but you might like to check, just in case

LilB_3

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LilB_3

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gymsalesjames

I wish my partner and I could spend as little on food as you

LilB_3

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gymsalesjames

LilB wrote: »

How about becoming a 14 stone weightlifter instead?

We love Costco for our meat - lasts us months, it's just having the freezer space!

lol, its worth considering!

The nearest thing we have like costco is a macro (which is still a fair way away). We toyed with the idea but we can visit tesco/asda daily as they are walking distance from work. We go about 7 and get all the reduced stuff. Pop it in the freezer and we're set

Iris_Blue

Hi and Welcome,

I love looking at other peoples money , I find it interesting how much other people spend...I'm soo nosey Thanks for sharing that.:)

Your SOA looks good. I would say to ask yourself if £10 a month is realistic for clothes. It wouldn't be for me alone. It's o.k to do without clothes and shoes for so long but you have to buy them at some point. I, personally, would up this a little maybe double it even.

Do you pay the car insurance upfront ?. Ours is high too as we have 2 vehicles , 1 big engine and 1 that does alot of miles. We always pay upfront and pay into our account every month ready for the next lot.

I think its a good idea to sell the boots vouchers or save them up and buy Christmas presents with them and lower your £15 present money .

gymsalesjames

I'm no expert, but £10 a month seems very cheap for water?

LilB_3

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