2012 mfw

blizeH

Had a break froom this as I desperately try and gather together as many pennies as I can go go into an ISA which just about shades the interest rate I pay on my mortgage, hoping to get back onto the overpayments soon, it's sad, but I find it quite addictive. :$

Lomcevak

Overpaid £499 today, so that's a quarter of the way there for the year. Does feel depressingly like lobbing a bucket of water at a forest fire, three months of maximum-allowed OPs has taken off less than 1% of the overall balance, but three more months will see us drop through £190k so that's another mini milestone along the way.

Barny1979

£15.02 op'd from ebay

katiegizmo

Hello All

March overpayment of £500 made..phew! We are really going for it over the next couple of months before I go on maternity leave and we'll need to cut the overpayments back

So total OP this year now stands at £1170

hope all are well xxx

LavenderBees

Lomcevak wrote: »

Overpaid £499 today, so that's a quarter of the way there for the year. Does feel depressingly like lobbing a bucket of water at a forest fire, three months of maximum-allowed OPs has taken off less than 1% of the overall balance, but three more months will see us drop through £190k so that's another mini milestone along the way.

Keep up the good work. I know it feels very hard at times. I, too, get dispirited not by the amount left outstanding as it is now less than £25k, but the wee sacrifices required to allow me to find the ops feel very hard to keep up at times.

It will be so worth it though, and you're already saving yourself money in the long run. :T

trills

Bit busy to post regularly at the moment but still making OP's via googledocs. Thanks again Spiggle for updating it, and to every one else for the continued motivation!

Spiggle

Morning All,

Ok, I feel your pain evi!

You're most welcome lulabelle and I understand your logic blizeH.

Lomcevak that's a great OP which is now updated and I totally agree with LavenderBees' wise words. You will certainly see the difference and feel the benefit later even if it seems a small change now.

Both your OPs are listed Barny. :cool:

Well done katiegizmo on your OP now noted on the spreadsheet. Please would you put your number in your post or in your sig to help with updating please? You're No.133 btw.

Your update from the googledoc is noted trills, life does have a habit of getting in the way of posting, doesn't it?

Also from the googledoc, AvidSaver your OP is updated on the spreadsheet, well done.

Finally from the googledoc, hannahnightmare your OP is listed and, yes, March is a marvellous month! :j

OK, I should be back later this evening and so I'll see you all then.

Take care,
Spigs

katiegizmo

Spiggle wrote: »

Well done katiegizmo on your OP now noted on the spreadsheet. Please would you put your number in your post or in your sig to help with updating please? You're No.133 btw.

Sorry Spiggle, blame the baby brain!

curlygirl1971

Lomcevak wrote: »

Overpaid £499 today, so that's a quarter of the way there for the year. Does feel depressingly like lobbing a bucket of water at a forest fire, three months of maximum-allowed OPs has taken off less than 1% of the overall balance, but three more months will see us drop through £190k so that's another mini milestone along the way.

No, no, no, no, no, NO - every penny counts and £499 is a brilliant OP. Wish I could OP that much on a regular basis. You're what, 5 / 6 years into your mortgage? Wish I'd started OP'ing earlier than 8 years in - the earlier you start OP'ing the better.

If you have any more money that you could afford to OP but can't due to restrictions, then just bung it into best rate savings until your fix comes to an end. You've got 4/5 years of fixed left so if you build up meaningful savings pot you should be able to get a decent fixed rate on your savings. It might not beat your mortgage % but doing something is better than not bothering.

Do not feel depressed about any aspect of OP'ing - it's a splendid and beautiful thing to OP :rotfl:

curlygirl1971

A few years ago I found the following piece of writing. I've posted it before on other threads. If ever I feel like 'It's not worth the effort' I read this and it works it's magic.

Okay so it comes with a serving of cheese. But I like it and it works for me. It migh work for you. Whether you're squirreling away savings or saving money on debt/mortgages, I think all of us that are doing so deserve to walk tall.

Saving for Greatness
by Luke Setzer
A fellow freethinker who works for World Financial Group shared this document with me.

Your savings, believe it or not, affect the way you stand, the way you walk, the tone of your voice - in short, your physical well-being and self-confidence. A man without savings is always running. He must. He must take the first job offered, or nearly so. He sits nervously on life’s chairs because any small emergency throws him into the hands of others.

Without savings, a man must be too grateful. Gratitude is a fine thing in its place. But a constant state of gratitude is a horrible place in which to live. A man with savings can walk tall. He may appraise opportunities in a relaxed way, have time for judicious estimates and not be rushed by economic necessity.

A man with savings can afford to resign from his job if his principles so dictate - and for this reason he will never need to do so. A man who can afford to quit is much more useful to his company and therefore more readily promoted. He can afford to give his company the benefit of his most candid judgments.

A man with savings can afford the wonderful privilege of being generous in family or neighborhood emergencies. He can take the level stare of any man ... friend, stranger or enemy. That ability shapes his personality and character.

The ability to save has nothing to do with the size of income. Many high-income people spend it all. They are on a treadmill, darting through life like minnows.

The dean of American bankers, J.P. Morgan, once advised a young broker: "Take waste out of your spending; you’ll drive the haste out of your life."

If you do not need money for college, a home or retirement, then save for self-confidence. The state of your savings does have a lot to do with how tall you walk.