Hope is not an Effective Financial Strategy

shangaijimmy

I never expected it to last too long, so ill take whatever i can from them, for however long i get away with it!

lippy1923

shangaijimmy wrote: »

I never expected it to last too long, so ill take whatever i can from them, for however long i get away with it!

It does seem a bit extreme to me. Perhaps there is a deeper issue with the person who was posting and they are just putting it down to multiple accounts etc.

Firegirl

I wouldn't worry about it. As long as you meet the criteria the banks don't care.

I was thinking of stoozing but think I'd only do it if I was gonna buy a large item.

shangaijimmy

I'm not concerned. I do meet the criteria so hopefully our accounts will go un noticed!

shangaijimmy

So not much happening other than more ebaying! I was thinks this morning about how best to record and log, record and report interest saved each month (and then cumulatively). So as I sit outside with a cup of tea listening to the kids on the trampoline I think last months overpayment would save me approx £250 in interest.

My task later is to have a look at my spreadsheet and make some workings out! I'll be back later with some offerings.

Naturally is someone already has a super formula to offer I'm more than willing to pinch it and give you all the credit ;;)

shangaijimmy

so typically i couldn't get this out of my head so i've done it. So far on the overpayments of the 2 months of our our new mortgage we've saved a cumulative £591 in interest (i think anyway).

The best way i could think of was to manually input the figures into the MSE calculator. So here's the new MFW Schedule.

https://drive.google.com/file/d/0B-RWg-v4lfUuYk5mY3otaGN4aFE/view?usp=sharing

turtlemoose

I'm totally pinching that format

lippy1923

£591 interest- Thats great If that isn't motivation I dunno what is!

[Deleted User]

shangaijimmy wrote: »

I've also abandoned the HSBC save together plan. Having heard nothing for a month I receive a letter yesterday saying I need to nip into a branch with ID and if it's not done within 7 days they'll assume I no longer want the account and cancel the application! Such an inept organisation don't deserve my business (even it was solely to claim their £10 a month offer).

Same here, after a long telephone application plus being an existing mortgage customer... zilch, even worse than the Clydesdale bank £150 offer :mad:

Anyway great blog!

PS Not for every one but in my MFW quest the TV license was binned for a £7.99 NowTV box for catchup Not even the kids noticed it as their life is Netflix, Vevo, Youtube etc. Life is so busy I don't think I've watched live TV for years

shangaijimmy

Lippy/turtle - thanks for peeking! Mrs SJ certainly looked impressed when I told her (usually I get the rolled eyes and what now expression)!