I have a dream...to be a money magnet! 3 April 2013 at 9:44AM in Mortgage-free wannabe 180 replies 26.1K views

Miss_Money_Magnet

Thanks Matt-i have read your diary when I was a 'lurker' and very inspiring it was too.
BBH30- thanks for the encouragement.
Not such a cheap day - took little man swimming and mcdonalds, but we had a lovely time!! I bet ive spent about £20 but thats the first really spendy day of the hols which's pretty good going!
Ordered my hall paint through top cash back so a few pence earned.
Money magnet activities- received email for free bottle of wine for completing an easter treasure hunt run by a local pub, put washing on line, didnt put heating on, avoided car park fee again.

Matt_The_Chippy

Miss_Money_Magnet wrote: »

Thanks Matt-i have read your diary when I was a 'lurker' and very inspiring it was too.

Thanks Miss,

I'm glad its been of some help to you. Hopefully in the next couple of months I'll be able to bash it with some decent numbers going in as well as the little bits and bobs. :j

I_want_a_baby

Hi Miss Money Magnet - love the name!

Just popping by to say good luck on your journey and I look forward to reading your progress.

Since I started my journey I feel like a money magnet. I have started to feel so blessed and lucky as I have money coming from all areas and can't believe my luck.

Yet actually I have realised that this is as a direct result of not spending, saving pennies in a tin, doing surveys, using TCB & QC and many other things, so many small amounts of money really do add up!

It seems to obvious now yet before I couldn't understand why I always felt poor when I was spending money (as surely buying stuff and being surrounded by material wealth/the latest gadgets & clothes, would make you feel wealthy), yet it seems to me the more you spend, the less you save, the larger the the spends become, the less you worry about keeping change and using cashback sites and the poorer you become very quickly!
The more frugal I become the richer I feel!

Anyway good luck & I hope you have a lovely weekend x

Stacey x

Miss_Money_Magnet

Thanks Stacey
I agree with what you said.. The last few months I have been much more careful with my cash and am really starting to see the difference!
For a 'mortgage free wannabe' diary theres not much overpaying going on yet.. Except for my regular £130 on pay day. Im waiting for my PPI refund. I can see opportunities in the near future to increase my o/p, i.e hoping will have a bit more in wages due to tax changes this month and if so Ill up my monthly o/p, sons school talking about running before and after school club which may be cheaper for me.
I will add some numbers and targets to my sig soon to help me keep track.
Money magnet activities for today: look for new ISA, make trial mini online payment to mortgage as a tester, homemade meatballs from freezer for tea (yum). Cost me about £8 to make 3 large portions although was rolling meatballs in my dreams after lol!!

I_want_a_baby

Thanks MM - you just reminded me to look for a new ISA!

Meatballs sound yummy!

Stacey x

Miss_Money_Magnet

Just logged on to say I have just made my first every 'extra' overpayment to my mortgage for a whole £10! (more as a trial run and to check it gets there, before making anymore).
I can see this could get quite addictive! Think I will just ring my mortgage provider and check its ok to make little overpayments as and when, and that it gets knocked straight off the mortgage.

Feeling pretty pleased with myself!!

Thank you to all the inspiring people on here whose own efforts to be mortgage free have gotten me started!

Matt_The_Chippy

Yay, you go girl!!!

Its a great feeling, hey?

Miss_Money_Magnet

I just wondered if anyone had any thoughts on the following.. I have £1400 in an account ready to dump in new ISA. I am wondering whether to just pay it off mortgage!!!
My mortgage rate is 3.39%.
I have an emergency fund of about £11,000. I can put enough in ISA to fill it anyway before next April as long as circumstances stay the same.
Im tempted to overpay it...but seems a big decision because its a lump sum!
Any thoughts?? What would you do??

Lois_E

I'd OP it. £11k seems like an excellent EF to me. But of course, you'll need to think about your circumstances, and how big of an EF is needed, considering your usual outgoings, security of job, etc etc.

Miss_Money_Magnet

Thanks Lois! I think I will! Cant wait to see the mortgage start to fall! Its a really motivating thought!
Had a NSD yesterday. Need to do some shopping today but all from allocated money and boots points.
I have been thinking what else I can do to save money and raise moneys for o/ps. I am toying with idea of doing lots of spending on my tesco clubcard credit card to build more points, ie food and petrol. Maybe Ill do it for a one month trial to check Im disiplined enough- would have to keep moving the money I spend to another account because I dont want to end up in a mess!
Todays money magnet activities: ring mortgage provider to clarify a few things about overpaying and to check my small trial payment was received, stick to spending plan today, avoid parking fees, use boots points for purchases, possibly make larger o/p to mortgage-just need to decide how much!! Exciting!