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Thistlewhistle makes a dash for Mortgage Freedom!
Comments
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HelenDaveKids wrote: »TT's are now a MFW institution!!
They sure are!!
Well the covering for a colleague went well last evening and bagged me £60 which ill pay over to my CC OP a/c today. It'll mean I'm £210 short for the month end, but there's another £60 for cover next week, and a whacking £120 for cover on Monday 29th. I've got £16 in my £2 tin which makes £196 so if Penelope (pocket change collector) Pig comes up trumps with £14 or more, I'll have done it!!
That will mean I have no CC debt left that's interest bearing and will have made inroads into the 0% balance.
Question:
As the CC debt is at 0% until February 2014, I'm thinking of leaving the OPs in my CC OP a/c as this bears interest albeit small (1%).
Would you do this or just pay it off to see the balance come down?:D
(I have a DD set up covering minimum payments on the 0% card)Mortgage at end 05/2007: £90200
Mortgage at end 08/2018: £71646 paid £18354 (20.5%)
MFD: :eek:Original:05/2042:eek:
Car Finance: £8225 : £6392 (22.2% paid off)
CC Debt (0% until 06/2020): £5640 : £4400 (21.7% paid off)
Age of Money at 31/08/2018 = 23 days
YNAB is changing the way I live my life....and spend my money!!0 -
If you think you won't touch it leave it and let it grow ... Can u maybe move it to a higher interest rate account ?0
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Hi Thistle, logically it would be sensible to save and get a bit of interest and as El says, you may be able to move to a higher interest rate. How about a 123 a/c though as you'd get more interest straight away?
As the interest rates are so low though, I would probably clear the card ASAP, as I'd want to be free of debt to focus on the mortgage. Depends what makes sense to you with the figures
Well done on your covering payments - that's fab
Tilly x x2004 £387k 29 years - MF March 2033:eek:
2011 £309k 10 years - MF March 2021.
Achieved Goal: 28/08/15 :j0 -
Good advice. Thanks el and Tilly!
TxMortgage at end 05/2007: £90200
Mortgage at end 08/2018: £71646 paid £18354 (20.5%)
MFD: :eek:Original:05/2042:eek:
Car Finance: £8225 : £6392 (22.2% paid off)
CC Debt (0% until 06/2020): £5640 : £4400 (21.7% paid off)
Age of Money at 31/08/2018 = 23 days
YNAB is changing the way I live my life....and spend my money!!0 -
Signature amended to reflect the £60 earned on Tuesday. Now £210 short of OP goal, but last night was a good night for £2 coins!! They'll be going into the pot!!
Think I'll be ok this month. It'll mean I've managed to pay for the entire Rome trip in one calandar month and make a £350 OP too. Pleased with that!!!
Will count the £2 pot and Penelope Pig on 25th so there'll be time to bank the savings and see them on statements before 30th April.
Have a good day today one and all!Mortgage at end 05/2007: £90200
Mortgage at end 08/2018: £71646 paid £18354 (20.5%)
MFD: :eek:Original:05/2042:eek:
Car Finance: £8225 : £6392 (22.2% paid off)
CC Debt (0% until 06/2020): £5640 : £4400 (21.7% paid off)
Age of Money at 31/08/2018 = 23 days
YNAB is changing the way I live my life....and spend my money!!0 -
I love MSEing but sometimes, it just doesn't go fast enough for me. Lol!Mortgage at end 05/2007: £90200
Mortgage at end 08/2018: £71646 paid £18354 (20.5%)
MFD: :eek:Original:05/2042:eek:
Car Finance: £8225 : £6392 (22.2% paid off)
CC Debt (0% until 06/2020): £5640 : £4400 (21.7% paid off)
Age of Money at 31/08/2018 = 23 days
YNAB is changing the way I live my life....and spend my money!!0 -
you are doing fantastic on the debt busting front x0
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you are doing fantastic on the debt busting front x
Thanks Taxi. To be honest, I'm really enjoying it.:DMortgage at end 05/2007: £90200
Mortgage at end 08/2018: £71646 paid £18354 (20.5%)
MFD: :eek:Original:05/2042:eek:
Car Finance: £8225 : £6392 (22.2% paid off)
CC Debt (0% until 06/2020): £5640 : £4400 (21.7% paid off)
Age of Money at 31/08/2018 = 23 days
YNAB is changing the way I live my life....and spend my money!!0 -
Just banked this week's takings and transferred an amount over to my ISA in readiness for my tax bill. Now standing at £2,000. Next tax payment due 31st July 2013.
No Tilly Tidies to do today :-(
Back on track with the weight loss too. Aiming for 5lb this week.Mortgage at end 05/2007: £90200
Mortgage at end 08/2018: £71646 paid £18354 (20.5%)
MFD: :eek:Original:05/2042:eek:
Car Finance: £8225 : £6392 (22.2% paid off)
CC Debt (0% until 06/2020): £5640 : £4400 (21.7% paid off)
Age of Money at 31/08/2018 = 23 days
YNAB is changing the way I live my life....and spend my money!!0 -
Crikey 5lbs is a lot - go Thistle x x x x2004 £387k 29 years - MF March 2033:eek:
2011 £309k 10 years - MF March 2021.
Achieved Goal: 28/08/15 :j0
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