Matt's mission to be MF!

Matt_The_Chippy

It was the re-mortgage that has made me really kick into gear as I'm allowed to make any amount of OP. The Chelsea made it hard to do so. I've already got the kiddies, so don't want to keep paying as they grow up. Having this paid off early, means I won't have to worry about being at work and missing out on things with them.

Look forward to your diary and progress.

sweetdaisy

Matt_The_Chippy wrote: »

I've already got the kiddies, so don't want to keep paying as they grow up. Having this paid off early, means I won't have to worry about being at work and missing out on things with them.

This is exactly how I feel too. We have two young children and the quicker I reduce/pay off the mortgage the more options I will have to be able to work less hours, so that I can spend more time with the children.

Well done on all the overpayments, you'll have your mortgage paid in no time!

Matt_The_Chippy

Hi Sweetdaisy,

As you know, the little ones are powerful motivators to get us to pay our bills!

And thanks for your support about getting my mortgage paid off quickly, fingers crossed it continues.

Matt_The_Chippy

Just a small OP today, went to the bank and found out how much cashback I've been given by Santander for my account. Total of £25.72 for 2 months. Happy with that as its not really my money that's helping the mortgage!

edinburgher

Matt - don't forget that with minimal effort you can open a Halifax reward current account and route £1k/mth through it for a £5 reward. It only needs to pass through the account, so you can even recycle savings. Your partner can do it as well for another £5 a month.

Matt_The_Chippy

edinburgher wrote: »

Matt - don't forget that with minimal effort you can open a Halifax reward current account and route £1k/mth through it for a £5 reward. It only needs to pass through the account, so you can even recycle savings. Your partner can do it as well for another £5 a month.

Thanks for the thoughts but knowing what I'm like, I'm too disorganized to get around to sorting something like this out. I need to see the big rewards to get myself to do things! I know every little helps as they say.

edinburgher

I need to see the big rewards to get myself to do things!

After the initial account opening, you're talking 5? minutes 'work' shuffling money for £10. Do you earn £120/hr?

I think it's one of the best freebies going!

Matt_The_Chippy

You do make a very convincing case there! I did have a think for half a second and worked out I don't earn £120 hr! That would be nice, hey! I have a bit of time tomorrow, so I can pop into town to have a look at it. The only concern I have is being self-employed, my money might not come in as regular as PAYE employees.

edinburgher

The only concern I have is being self-employed, my money might not come in as regular as PAYE employees.

That's a fair point Matt, but it doesn't matter where the money comes from. You could even keep £1k in a high interest instant access account and move it around accounts once a month. Because that's £5/mth after tax it's equivalent to £6.25 before basic rate tax. You'd need a savings account paying 7.71% before tax to earn that much interest with £1k in a month. Also, the £1k gets to sit in the savings account for 99% of the month, so you get even more money/the interest to boot

Matt_The_Chippy

I think I'm running out of reasons not to bother with it!!! Many thanks for you taking the time to explain it all to me.