MFW: Next step towards total freedom!

SandyShores

Hi Caeler, just popping by to say Hi.  Amazing that you will be mortgage free this year!!!  And good to get a bucket list on the go.  I've got a few things on my list of things to do once this lockdown is all over - I'd had them on my list for a while but who knew everything would be stopped for a year.  Sandy

Grogged

Good service from both the passport office and HMRC.
Pots looking really healthy. 🙂
Same boat as you on lockdown 3 (or whichever one this is...).
Expected but still annoying.

caeler

Thanks @Grogged and @SandyShores for stopping by! 

All is good in the world as I got a letter today from the Nationwide, due to my “loyalty” my savings interest rate will increase from 0.01% to 0.20%... woopwoop! 

South_coast

Ooh, an INcrease in interest? I'd forgotten such things existed!

Grogged

I guess my letter is "in the post"... 🙄
Nice that they are doing that.

SandyShores

Woopwoop indeed!  That's double the interest I'm getting on my Sainsbury's Saver (0.10%).  Really annoyed that I didn't do the bank switch to Nationwide a few months ago and take advantage of the bonus cash.  Especially as I could double my interest.  Mind you, I think my Santander account is still 0.50% but maximum saving is £200 a month.   Can't believe the interest was so high last year, oh well it was good while it lasted.

caeler

It was quite unexpected! It is an old “loyalty saver” which used to pay a better rate the longer you’d been with them. It’s only that account, all the others are still 0.01%. I’ve just hit 10 years with the Nationwide. 
Every year I record less and less against my personal saving interest allowance, so sad.
@Grogged @SandyShores @South_coast

caeler

So I’ve been running the numbers again (again, again and again - I know I do this a lot!). With the last overpayment made on 1 January my term has reduced another 5 months to 10 years 5 months. My daily interest is now down to around £2.90. With the refund payment from HMRC I’m now targeting redemption on 1 June 2021. Sorry I keep changing it! 

145 days and 5 pay days away.  No spend days have been good this month with only 6 so far, I’m consciously tracking them this month and I’m aiming for 26 this month! Eek! 

SandyShores

So exciting to be so close, I would be calculating and recalculating and calculating again too.  That's what I did when I was close to debt-freedom.  Enjoy these next few months, its brilliant, well done !!!

Grogged

I think it's disgraceful you don't even know your redemption date! 🤣🤣🤣
That's a whole month shaved off - amazing achievement!
At this rate you'll have paid it off by the end of lockdown...