A MF day begins at midnight

newgirly

Hi midnight child, I just wanted to pop in an say I definatly agree with the statement above. I don't think there are many people who could sustain putting everything into the mortgage for many years and going without treats. A couple of years maybe , but not a lot longer than that.

I have found that although I've always kept a diary regularly and kept to mse ways in the main , there are peaks and troughs , sometimes you have months when you are really good and very fugal, others when you eat out and book holidays

Anyway, best of luck and happy Easter.

greent

midnight_child wrote: »

I suppose there are worse things to being addicted to than being MF, but I agree that its important to keep things into perspective.
I know i'm going to be in a far better situation than if I do not OP at all, so I say better to be MF in say 12 years and to have a life, than to do it in 9 years but lose all your friends.

Definitely! :D

clippy_girl

I would also agree I def will not be giving up my holidays! But would like to continue to do stuff I did when getting debt free like being savvy, trying not to waste money on nothing and giving myself guilt free spends.

Good luck with renovations. I have been in my house for 4 years now and am ready to start redecorating again which i am not looking forward to

julliff

Hi Midnight

Just thought I'd say hello, I will be following your diary if that's ok?

I am a fair bit older than you, but I also had to start again after a split. But, I do like being in charge of my own finances, and the people on here are always really helpful and friendly so you don't feel totally alone in the quest!

I was particularly interested to hear about your investing. I have a pension fund via my company which was managed by an IFA, but we have fallen out. Anyway, I keep getting letters fromSc*tt*sh W*d*ws
telling me that such and such a fund is no longer available. I would love to take charge of the pension myself, but don't really know where to start. I need to make sure I replace the defunct funds with something with potential rather than let them push the money into some cash fund.
If you know of any good places to start, could you point me at them, pretty please?

Good luck on the house renovations. The house I have was a repo and was a bit like the one you describe. It will be worth it in the end

midnight_child

Hi Julliff, welcome aboard the midnight train

I do my investing via my online banking and its very easy to invest, almost too easy as you simply click BUY or SELL:rotfl:
You can buy funds or individual stocks (I do stocks) and can put them in an ISA.

It sounds like you really need to speak to your IFA or someone else who is properly qualified. I am just dabbling and have a seperate pension, and you need some professional advice on what types of funds might be appropriate for you. However, if its your main pension then I would be very wary of just going it alone.

I suggest visiting the investments forum on this site as it is full of people far knowledgeable than me. Hopefully a helpful financial adviser can give you out with a few options.

Best of luck
Midnight

optimistic-mummy

hi midnight .... happy easter ! and good luck .. you are very motivated and focussed well done on your achievements so far ! will be following with interest

giblet1979

Hi midnight,
Hope you've had a nice Easter. I'm also really interested in investing, and thought that I might have a go once my initial goal of paying off my loan is complete; therefore, OP's mortgage and investing at the same time. I might come back to you with some questions in future if you don't mind (although my brain goes to mush when numbers are involved so my questions might be very stupid...)

jayson043

have you thought about cycling to work? if you can that will save you £48 a month. You'll probably enjoy it as your into sports and you wont need to wait around for buses! I've spent the last 9 years cycling to work and no doubt that helped me pay off my mortgage 2 years ago (i was 34). You say you didn't enjoy your last house share, but you should consider renting a room out to a carefully selected individual, that may give you a further £4k a year

midnight_child

Hi Jayson,

Yes, I have thought about cycling (on the nicer days), though I also use the bus pass for several other regular journeys, so it would not save nearly that much. I have seen a couple of near misses and this alone puts me off buying a bike for the time being. If I can find a quieter route I might reconsider.

The lodger is another excellent suggestion, and definately on my list. However, the place currently only has one habitable bedroom due to the various decorating works, so thats one for the future.

MC

midnight_child

Apologies for being AWOL for the past week. Have been ultra busy with work, and that has left virtually no time in my day for browsing MSE (how very rude!!).

Just popping by for a quick update to say that tomorrow my mortgage will be down to a 5 figure amount, and im soooooo excited about this milestone.
Im acting like a 4 year old on christmas eve, and suspect that tomorrow i will be pressing F5 until I can see its cleared

MC