I don't need another skinny Latte

Ali-OK

Have a fantastic time and what an earner with the MB :j

Skinnylatte

Well I was correct, I drunk far too much alcohol and spent far too much money, ooops :eek:....but had such an amazing time. DD is living it large, and she looks great. She's put some weight on and has the most amazing tan.

We had some really good times, plenty of hilarious family moments, and I even had a little shirley valentine moment of my own

Back to reality with a bump now though, I don't think my liver can take any more yager bombs!!

What I made on MB covered all the holiday spending, and what I had put aside in the holiday fund paid for the hotel & flights, so nothing, zero went on the CC. Well not quite true, I used the Halifax clarity card as it gave me a really good exchange rate and there were no fees, but I have actually been paying it down daily as it was drawn out so the interest should be minimal.

DS got his GCSE results while we were sat on the beach! They weren't as good as he'd hoped but we think he's got what he needs to get in to college, he'll find out next week.

This weekend I need to start packing, as I have given my notice and will be moving from here before 20th Sept. Sad to go as it's a nice house here, but I need to move on and get back in to my own house and start my mortgage free journey.

Skinnylatte

What a busy weekend. Been ebaying some junk I found while clearing out, no bids yet but a few watchers.
Completely cleared my attic and moved it all up the road, and packed a few other boxes too.
Sold didgeridoo on FB for £5, like you do and made £16 from a matched free bet.
Simply can not believe I have to go back to work tomorrow :(:(

Only for 3 days tho, then off to the last festival of the year with a friend. Hope the weathers good. Next year I've decided if I do any festivals I'm going to do it as a volunteer and get a free ticket. I really feel guilty that I've spent a lot on holidays this year, and still have 1 to go in October. Although I've tried to do them as frugally as possible, leaving the kids at home helps :rotfl:

Off to make a lasagne for tomorrow now, before an early night xx

Skinnylatte

Arrived back at work amid chaos aaaargh! And have to go overseas straight after next weekend.
Should have been going down south tomorrow which would have meant travel expenses and overnight stays, but I've cancelled it as I really want to be at home this week.
Have put my CD collection on iTunes and have sold all my CDs to musicmagpie, only made about £10, but what the hec.
My TSB account is now open, so I will earn 5% interest on everything up to £2000, so will put some savings in there once I'm online.
Also my Virgin CC has arrived, I need to spend £1000 before 12th October then I get a free case of wine, good Xmas pressies :T
Talking of Xmas, I enrolled in the work savings club, so at the end of November I will get £1000. Which sounds an appalling amount of money to spend for Xmas. But both the kids birthdays are in Jan & Dec, so I will make sure it does the whole lot, food, drink, birthdays and all. With hopefully some left over for the mortgage fund.
Pay day on Thursday and have £220 left so have split it between mortgage, kitchen and pension. Still feels like I should be putting more in pension, not really sure what to do, I think I might ask advice on one of the boards. I just seem to be shuffling money around at the moment, with no real direction.

Ali-OK

The pension 'thing' hasn't moved on for me either at the moment. Almost think it's harder to know what to do with money than it was paying it off the debt.

Christmas fund savings sound good with the birthdays as well. It'll soon roll around :eek:

How long until you move out of your place and hope the weather gets better for your festival. Or does mud make it more fun?!

Skinnylatte

Ali-OK wrote: »

The pension 'thing' hasn't moved on for me either at the moment. Almost think it's harder to know what to do with money than it was paying it off the debt.

Christmas fund savings sound good with the birthdays as well. It'll soon roll around :eek:

How long until you move out of your place and hope the weather gets better for your festival. Or does mud make it more fun?!

Hi Ali,
No-one seems to be able to advise me on the pension/mortgage thing, even my pension advisor said its 'up to you'!
I move from here 20th Sept, not long to go!
Although mud and festivals go hand in hand, I have to admit I prefer the sun!

Brogden

Skinnylatte wrote: »

Hi Ali,
No-one seems to be able to advise me on the pension/mortgage thing, even my pension advisor said its 'up to you'!
I move from here 20th Sept, not long to go!
Although mud and festivals go hand in hand, I have to admit I prefer the sun!

Hi Skinny.....you know on the old pensions and mortgages thing......it's really pretty simple.

With me the 'debt disaster' pushed me on to an interest only mortgage so I have to find a way to pay it off altogether or pay it down and then look to downsize. No need to think about paying it off with your pension if you are on repayment unless it helps you to pay it off early that is .

You could start at age 55 although this minimum age rises to 57 in 2028. Basically 25% of your pension is tax free and anything above that which you take will be added to your income in that tax year and taxed at whatever rate that is. You have to bear in mind that if you are using it to pay off mortgage that you will have less pension money to live on.......doh :rotfl:!! It's a balancing act like everything else in life.

That's it really . Whilst 'pension mortgages' have been around for years, I was never interested. For me it is the 'pension freedoms' introduced this year which make the difference and for me make it the thing to do, particularly as I have big money on it's way when they finally kick me out ! I'm going to get it all in the pension and then bide my time taking some and paying down bit by bit as I go along.

Broggers x

Skinnylatte

Brogden wrote: »

Hi Skinny.....you know on the old pensions and mortgages thing......it's really pretty simple.

With me the 'debt disaster' pushed me on to an interest only mortgage so I have to find a way to pay it off altogether or pay it down and then look to downsize. No need to think about paying it off with your pension if you are on repayment unless it helps you to pay it off early that is .

You could start at age 55 although this minimum age rises to 57 in 2028. Basically 25% of your pension is tax free and anything above that which you take will be added to your income in that tax year and taxed at whatever rate that is. You have to bear in mind that if you are using it to pay off mortgage that you will have less pension money to live on.......doh :rotfl:!! It's a balancing act like everything else in life.

That's it really . Whilst 'pension mortgages' have been around for years, I was never interested. For me it is the 'pension freedoms' introduced this year which make the difference and for me make it the thing to do, particularly as I have big money on it's way when they finally kick me out ! I'm going to get it all in the pension and then bide my time taking some and paying down bit by bit as I go along.

Broggers x

There's pension mortgages??!!
My mortgage is interest only, so i guess it's up to me how I pay it off. The question is am I better making additonal payments straight off the mortgage, or paying it into an additional pension, as a 40% tax payer there must be some advantages

Skinnylatte

Returned from the final festival of the year, £90 lighter, but saw some great bands and made some lovely memories. Despite being in Cumbria the weather was delightfully kind.

I came home to ebay sales of £18, with a few relists and a couple of non payers so far so pretty good. Infact this months additional income has been magic.

MB £732.23
Field Agent £5
Ebay £106.59
Halifax cash back £5
Nationwide interest £6.79
Topcashback £40.38
Total £895.99 :T

Which has mostly gone on the holiday and several of DDs rent payments. I've told her I'm not paying any more, she either earns it or comes home.

I do need to have a big sort out of accounts, got paid last week and my balance was £4640 (that's not what I got paid!) I had some savings money in my current account as it's still paying 5% interest. Some other money sort of lying around too, when I get back at the weekend I'll go through it all and put it in pots or make some mortgage payments.

So amazing at the difference a couple of years makes I was going to have a look back through my bank statements to see what my bank balance was like this payday 2 years ago, but my customer number has been wiped off and the book I have it written in is now packed :mad:, I can still use the app tho.

My TSB account is now open, so when my NW 5% offer runs out in a weeks time, the TSB one will take over. I will use this as my MB account.

Virgin CC is underway, need to spend £1000 in the next 6 weeks to get the free wine, I will be getting some stuff for my new kitchen, dishwasher, oven, hob and sink. I won't buy the electrical and gas stuff second hand. Virgin gave me a £9000 credit limit :eek: with interest free spending for 24 months, blimey that's such a temptation, it's no wonder we get into debt!!

DS is still laboring for his mates builder dad, and has been learning the roofing trade this week, as we're driving round he's pointing out roofs saying 'their ridge tiles need doing'. He's also now a pro at regravelling, so he's going to do our front garden for me

DS has decided he's moving up to exs this week as he starts college in a weeks time. Which is fine by me, it means less cleaning to do, and also I have 3 weeks to run down the freezer and I don't think he'll want to be eating what I'll be cooking!

I got my £100 colleague of the 1/4 payment this month, feel I should really treat myself, but tbh I've had enough treats this year, so not sure at the moment. Still got my Istanbul October holiday to go...

A lovely pal came round this evening and dropped off a load of cardboard boxes for moving. The only downside is she works for the NHS so my carport is now full of industrial size tenna pad boxes :rotfl:

Oh and I must update my siggy as I spent all the holiday savings

in_need_of_direction

Put your award in the big holiday fund. That way it's a treat to look forward to. Well done you for getting it.