I just started my MF journey!

KolaKube

I'll join you in the week before payday slump echodelta! Frustrating isnt it. I love moving money around my online pots lol... does that make me a little sad lol?

Great diary, well done on the OPs so far!

Check out poundland for vacuum bags ours were 2for £1 and are perfectly fine

Kola

EchoDelta

Fantastic - thanks for the tip! We don't have a £land near us but there is a very similar store where everything is 99p so will take a look in there.

Pay day on Monday :T

Have sufficient funds for the weekend and for Monday's trip to a theme park in cash so shouldn't need to use card for ages. In fact I have transferred all but my last £1 to the overpayment holding account. I feel a bit better for having done some shifting about! KolaKube we are definitely not sad!! :cool:

Going to check for surveys on OnePoll with what remains of my lunch break, been neglecting them a bit lately.

KolaKube

Lol, keep telling yourself that EchoDelta

EchoDelta

Had another light bulb moment today when I realised how much over paying actually saves.

If I over pay the mortgage by just under £300 this saves about the same amount again in interest and also reduces the term of the mortgage by a month so there will one day be a month where we won't have to make a mortgage payment of about £600 so really an over payment of £300 = a saving of £900! :money:

The penny has just clanged down!!!

EchoDelta

Did a bit of overtime and also got £25 bonus so have transferred £100 directly to the over payment pot this morning. Will have to do proper budget for the month tomorrow as right now I'm at a friend's house and just about to leap (well, crawl) out of bed to go to a theme park for the day!! Have a bit of cash so no need to use card.

As an aside since my last light bulb moment I have found myself considering prospective purchases and thinking about whether they are worth 3 times what I am about to pay. If not, if it's not something fabulous, absolutely essential or a brilliant memory that would be created then I am walking away!

The roller coasters are calling (definitely worth it!) - woo hoo! :rotfl:

KolaKube

Enjoy yourself EchoDelta!

What a good idea thinking about purchases that way :j

xx

EchoDelta

Roller coasters were excellent!

Had such a blast!

Even managed a bit of frugality by packing juice and croissants etc from the supermarket for breakfast en route instead of stopping in a cafe. We did buy lunch at the park which was pricy for what it was.

Done budget for the month and another £50 has gone into over payment pot. Hoping to sliver little bits of money over to the over payment pot over the course of the month so will hopefully be making another over payment in November.

I need some sleep. Having a hard time at work at the moment and stress is keeping me awake (and then I feel even more stressed about being tired which is ridiculous really). Small is asleep so going to have a vodka tonic for medicinal purposes only and then hit the sack. I hope I sleep!!

EchoDelta

My new cash back credit card has arrived

I need another £90 to make another over payment and reduce the term by a month. Cash back from that and doing some surveys to go towards it.

EchoDelta

I am awarding myself some frugal points today for cutting my own hair instead of going to the hairdresser. Much quicker too and as a bonus I was spared the usual self loathing that comes from sitting in unflattering lighting staring at myself! Reckon that I saved at least £20 there. :money:

EchoDelta

but I'm definitely not sad. Oh no.

If we can overpay £150 per month, so reduce the term by 1 month every other month, then we will save around £9600 in interest and pay the mortgage off 4 years and 2 months early. That would be about £30,000 of mortgage payments that we don't have to make! Or, to put it another way, retiring a couple of years earlier than I otherwise would be able to, or a whole bunch of awesome holidays!!!

Motivation has been well and truly replenished!

Am also getting organised and have diarised to start researching new deals in plenty of time for when our fixed rate runs out in June 2014.

As an aside the longest fixed rate possible seemed so sensible when we re-mortgaged in 2009. After all interest rates were bound to rise weren't they.... *sighs*