The Mortgage-Free Mission

gaffel

Hi SavingRaven, you are doing so well on the OPs. I am with you on the lack of pension front have decided to crack away at mortgage this year, then next year focus on pension provision. If only as I like to have targets achieved and in mid 40's the general advice seemed to be focus on the mortgage first.

Luckyinlife

Wow SR amazing work 9k in one hit i love it hehe great job :]

I know what you mean i have my tax money for next jan saved up and id love to smash the mortgage with it haha but i cant booooooooo lol

With the amount you earn is an emergency fund really isnt that important.
For example my EF would cover me for 2 years worth of bills nearly for you i guess youd need a massive EF to cover your bills for a year in comparison

Either way your doing a great job well done :]

Maybe_its_because

Hi SR,

What a great idea - you might as well use that £9k wisely. Our mortgage doesn't seem to work like that so our savings have to stay were they are with their measly interest rates. For now. That's something for us to think about as an optional extra feature when we remortgage though.

SavingRaven wrote: »

Just have to remember that we still owe my sister that money and that it's not actually 'mine' to throw at the mortgage
SR

Isn't that why you've got this diary. your signature is a fab reminder

SavingRaven wrote: »

Hopefully she'll win the lottery and won't want it back!!
SR

or even better - you'll win!!

Hope you're having an MSE month. Isnt it invoice day for you around this time of the month? No doubt you'll be here soon with your latest update

Have a good 'un

MIB x

Luckyinlife

dam them decorators must love your place :[

im the same on pay day love giving myself spending money and saving and moving it all around :]

Luckyinlife

SavingRaven wrote: »

Hi LIL! Threw the decorators out yesterday. Job isn't finished by they've taken so long and decided to ruin our sanded and varnished floors! If they think they're getting any money out of me they've got another thing coming - have to pay for the floors to be revarnished.

And there I was thinking that getting people in would make life easier!

Hope you're well
SR

Nightmare iv done all of the painting myself so far so know how messy it can be but i just go at it no messing about

are you going to finish the rest yourself ?

Luckyinlife

Totally agree with you i myself have some people in but like you enjoy doing it myself for less cost and least we can say we did it :]

Thanks SR i will be putting pics up later next month now should be done then yay :]

PrincessLou

Yikes - £48.99 a month for internet?? :eek: Is that just internet or does it include something else?

LannieDuck

We have the same thing. OH needs superfast broadband to be able to work from home. We don't really want a landline etc, but you have to pay for it all within the package

LannieDuck

That sounds good, but make sure you find a balance. It's great to overpay the mortgage, but it needs to be sustainable.

I'm looking forward to next summer when DD1 goes to school, our childcare costs plummet... and I can afford to pay a cleaner!!

LannieDuck

Ugh, I hardly like to think about it! £50 per day per child (averaged - DD2 is a little more because she's a baby, DD1 is a little less). They're in three days a week which is £1045/mth after a 10% discount for second child and my oldest's free 15 hours per week from the government.

Once childcare vouchers are taken out too it's approx £550/mth with £486 coming out of our paycheques, so same total but less tax paid.

Very complicated!

...and this is a very reasonably priced nursery. The one I used in London before I moved was £75 per child per day.