I dream a dream.

beth111

SAMMYE wrote: »

Hi Beth,

It is a really tough journey and even harder if your partner is not on board and helping.

It does get easier though as your mortgage stays the same and your earning should increase with inflation its important that you keep and hammering away wherever you can though as its easy to get out the habit of saving.

As boring as this may sound if you have other debts like store cars / credit cards / loans it almost always better to clear them first as you are almost certainly being charged the higher amount of interest on those. Once you have cleared those you will have even more money you will be able to overpay with as money will not be being swallowed up with high interest.

Sam :-)

Hi Sam, all your credit cards are on 0% so lucky not to have paid any interest ever sofar ( bit of a cardtart) I do plan to pay one of in the next few months with some savings. What do you think about leaving the others as not paying interest as yet or getting them paid off first also?

SAMMYE_2

beth111 wrote: »

Hi Sam, all your credit cards are on 0% so lucky not to have paid any interest ever sofar ( bit of a cardtart) I do plan to pay one of in the next few months with some savings. What do you think about leaving the others as not paying interest as yet or getting them paid off first also?

Oh cool if all your cards are on 0% then fine just make sure you are able to pay them off before the 0% interest rate ends but obviously you know that anyway.

Sounds like you are very money saving savvy

You should really have an emergency fund but to be fair I havent yet.... but then again I am single so no dependants. As much as its great and addictive to overpay there is no feeling like knowing that you have a saftey net and are covered for 6 or so months should anything happen I did before I did my first overpayment and I did have a real sense of calm and lack of worry. That is what I will do next once I secure my remortgage which will half the interest rate on my mortgage (only due to overpaying )

bugslet

I just got a very simple notebook for my spending diary - it really does help when you look back and see you spent £50.00 on erm, nothing, and I mean nothing!

I upped the amount i pay off my mortgage by diect debit, so I know think of that amount as the total rather than see what I can add every month. There might be months when I could add a bit more but that method suits me.

Sorry don't know where the italics came from and can't get the normal type back:o

beth111

Afternoon all, what a horrid rainy day

I started a proper spending diary via spendingdiary.com and I quite like it, makes life easier as I am always on the web.
Started out with £11.95 for work stuff, £35 petrol (always seem to need that stuff and took the kids out £5.

BUT it is only tuesday and I have already gone over my £100 weeks spend with the £65 on food. Is it ok to take half the petrol from next weeks spend hmmmm

Things to do

Look at selling the car and getting a smaller one, we don't need such a big car now the kids are out of there baby seats and it costs so much to run.

beth111

ooooo I have a star

Dorisx

Good Luck Beth!

I think you definately need to try and get your OH on board too (although I'm fulyl aware of how hard it is at times :mad:) Silly men!

I've always thought that keeping a spending diary is the best way to teach you just how much money you waste on absolutely nothing! You have to be quite strict with yourself though and make sure you write down EVERYTHING, including that 'cup of coffee that ONLY cost £1' if you get what I mean?

Hope you get you OH on board and you get to where you want to be Goodluck !! X

beth111

Phoned nationwide today and got our balance £157,038.60

OH got a tax rebate of £495 I was going to use it to over pay but looks like we will have to use it for blinds in the conservatory, Just got a very good quote of £685 and it is something I can use to make more money as I work in there and it makes it more practical with what I do.

Trying to think about it as only costing us £210.

No spend today

Also trying to work out how to sell on eBay using only Buy It Now, I can't seem to use just that option which is a pain.

remote_control

Good luck!

My lovely husband doesn't like how strict I am and then at other times is amazed when I tell him how much we've paid off. He does some fantastic money saving sometimes and proudly tells me what he has done because he knows how happy it'll make me. I do feel sorry for him as I always start my sentences like this 'I read this thing on MSE...' or 'I've got this idea...'

Good on you for saving for christmas and car insurance, I need to start doing that. This Christmas I'm going to do more homemade stuff and things from charity shops.

Do you not have online banking with Nationwide?

beth111

I have set up a standing order for the overpayments and that helps loads. I also have a few savings accounts I move money to for diff things like christmas.

My Oh Is getting better and he does keep me in check sometimes, I tend to have a blow out every now and again and he did stop the last one, I think I need to give him more credit.

oooo got my payment from top cash back today £111 woohoo!!

remote_control

My OH responds well to NSDs and that helps keep me in check. If we're on for a NSD then he'll make sure I stick to it, even though it would be really nice to buy some chocolate.