Morgage Free when you are addicted to shopping.

littlegreenpeas

Hi Jamesd


Thanks for the post, I normally take up the points or cash back cards and discount the 0% as I pay the balance off each month. It's something that I have never considered. Going to change the card next month as the cashback rate is so now so low, will have a proper look at it.


Started a pension at 19 but it didn't go too well when the company took 3/4 of the fund when I asked for a transfer fund and automatically transferred it. Now I am older I realised I was badly advised by the pensions manager at work. Since then I have always joined work pension schemes, but I have no idea what I have if I'm honest. Jamesd you are very thought provoking


My dad had a Maxwell pension so I am rather anti pension and would rather buy another house to rent.


Enough of my history or you will go to sleep.


Today is another NSD. Still deleting the sale emails, and not going into shops.


Todays task is cleaning the house. Its a bit of a tip at the moment as hubby hasn't done anything while I have been at work grrr


Tonight is friends for dinner and no I'm not making anything. Will be taking a bottle instead (from the stash). phew.


The theme is Christmas jumpers which we already have and I also have some Christmas socks.


Happy Day everyone


LGP

jamesd

The mortgage interest saving is probably worth more to you than the cashback so that change to 0% for purchases seems like a good idea.

You can forget Maxwell-like troubles. His and other incidents led to many reforms including the introduction of the Pension Protection Fund that guarantees to pay out at least 90% of a defined benefit (final salary and similar) pension whatever happens to the pension scheme, subject to a cap that only those paying higher rate tax for a long time are likely to exceed.

Personal pensions and defined contribution work pensions have the money transfer to the pension company for your choice of investments as soon as the employer makes the monthly payment, so the employer has no control of where the money goes after that. So no Maxwell risk there either.

You might want to ask more about your pension sometime over in the pensions section, once you've checked to see what you have.

gallygirl

littlegreenpeas wrote: »

Still deleting the sale emails

I'm going for the high risk strategy of looking and then not buying. The virtuous feeling is greater than simply deleting but obviously there are more risks involved .

Warning: your credit card balance can rise as well as fall .

littlegreenpeas

Hi All

Gallygirl - Thanks for your comments. You must have more will power than me:D. I started to look at the sales emails and just found it too tempting, so this is my way of getting through. I'm an all or nothing kind of person.:o

Jamesd - I have worked out a plan for the credit card. Going to take a Mr T cc so we get 17 months 0%. Then put the money each month in remaining isa allowance that we have for this year. Then when April comes open 2 new ISA and do the same.

Can anyone see any pitfalls in this or a better way ?. I am a little concerned that the credit limit they give us will not last for 17 months if we are only paying the minimum amount each month, so do we have to open more than one card.

We don't shop at Mr Ts but hubby buys alot of petrol as its on the way home from work so the points would be helpful.

Thanks all

LGP

jamesd

It's OK to have many credit cards for this, so long as you're keeping track of the money and always know how you'll repay. Credit limits up to about half of gross income are doable initially in general, though it varies and I wouldn't suggest expecting that in the first year.

littlegreenpeas

Thanks James, your a fountain of knowledge.

Dear All

It will be an easy day today of food shopping and chilling.

Have a food budget of £200 for the month so I am trying to get it as low as possible under that amount so am writing a list and checking the cupboards.

Hubby is on board for the challenge and he appreciated my cleaning yesterday. Don't think he will give me his christmas money for the OP though.:)

LGP x

littlegreenpeas

H
Shopping was ok £57 but this included lots of bits for NYE so it was better than I expected. We are going to friends and will eat drink and play games so its quite a MSE evening.


We were bought a chocolate and cognac cake for Christmas so this will be going on the trip as well re wrapped. Like most people I will be trying to lose weight in the new year so trying to clear the house of anything bad.


We went to Mat Allan today and hubby bought some jeans as his are now to big. I am very pleased with myself as I avoided buying anything for myself and only bought a pyrex dish as the last one cracked.:D


This money saving lark is very addictive and I now look at this site more than facebook.


LGP

littlegreenpeas

Hello


Today and tomorrow I am away from work, yippee but I really don't know what is going to happen.


Its my closest friends birthday and the plans have been changing a bit, fingers crossed I will see her if not I have no idea.


Alternatively its talking to OH to see if I can get him to part with the CD's/DVDS that he no longer listens to or watches... This is a hard job as he is a serious hoarder, maybe he has rubbed off on me.


OH was accepted for a 0% CC so its good news.


Happy Days everyone


LGP x

littlegreenpeas

Just a quick update as have been able to pay £1000 off the mortgage and the term time has come down 2 months,which is not a lot but every little helps.


CC has also clicked over to a new month and its down £300 from budget.


Very Happy


LGP

icontinuetodream

littlegreenpeas wrote: »

Just a quick update as have been able to pay £1000 off the mortgage and the term time has come down 2 months,which is not a lot but every little helps.


CC has also clicked over to a new month and its down £300 from budget.


Very Happy


LGP

:j:j:j YAY!!!! :j:j:j Well done on the mortgage reduction!!! :T:T:T

thought I would come and stalk you on your thread!! :rotfl: