Noticed some changes? You can read all about the improvements we've made on the Forum in our latest announcement. We also have a new set of Forum rules so please take the time to give them a read and familiarise yourself.

Hope is not an Effective Financial Strategy

edited 3 March 2020 at 8:18PM in Mortgage-Free Wannabe
4.1K replies 339.8K views
1161162164166167414

Replies

  • shangaijimmyshangaijimmy Forumite
    3.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    Oh the builder has been in touch and he's bringing his electrician round tomorrow. Work will start next week! Not massive job but it'll trigger decorating in living room and hall, new couch, new carpet and new wooden flooring for hall!
    MFW: Was: £136,000.......Now: £68,202.78......
    Mortgage Neutral Deficit: £54,331.22... Mortgage Neutral Savings: £13,871.45
    MFiT-T5 #8 - £17,522 of £23,100 (75.85%)
    1% Mortgage Challenge - £411.69 of £705
  • katep23katep23 Forumite
    1.4K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    ✭✭✭
    40p TT this morning.

    You may recall me saying car insurance was on the horizon? Well multi-car renewal came through this morning. 46% increase! They do not deserve our business and won't be getting it either!

    If it's a certain Welsh branded insurer, they will price match their own quotes (all companies within the group) on comparison websites.

    So if you got a quote from [email protected] as a new customer, ring them up and they will match that price but give you the [email protected] level of cover. Once the multi car discount is added it usually works out cheaper.

    We go through this rigmarole every year, wish they would just give us the best price to start with and save everyone the hassle.

  • Busy_Mee1Busy_Mee1 Forumite
    1K Posts
    ✭✭✭
    We have been with [email protected] for the last four years because it is the cheapest way for us to insure our young drivers ( there are four of us on the policy). We go through the same rigmarole that Kate describes every year - they send us a quote that is too much, we get a better quote for one of the cars and then ring them up. They then give us their "best" deal - they knocked £300 off the original quote this year !
  • AlexLKAlexLK Forumite
    6.1K Posts
    Debt-free and Proud!
    ✭✭✭✭
    What are the cars?

    My wife and I are with a broker. No complicated multi-car policies, just good prices. Always spoken to by a real person with the authority to negotiate. All fully comprehensive: 65 plate LR Defender, £200, 53 plate BMW 530i, £210, '72 Daimler Sovereign, £80, '67 Triumph GT6, £70, '72 Triumph Saloon, £70, '70 Triumph TR6 £80. Obviously rates are affected by where you live, if you've have any claims etc.
    2018 totals:
    Savings £11,200
    Mortgage Overpayments £5,500
  • shangaijimmyshangaijimmy Forumite
    3.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    The cars aren't anything exciting to be honest. Don't worry all, there's not a chance ill be paying the re-quote.

    £1 TT this morning, and made a cheeky £3.41 OP yesterday for a refund! Just 2 more days to payday!!
    MFW: Was: £136,000.......Now: £68,202.78......
    Mortgage Neutral Deficit: £54,331.22... Mortgage Neutral Savings: £13,871.45
    MFiT-T5 #8 - £17,522 of £23,100 (75.85%)
    1% Mortgage Challenge - £411.69 of £705
  • chumpy45chumpy45 Forumite
    495 Posts
    Sixth Anniversary 100 Posts
    ✭✭
    Car insurance is such a performance, we just all jump around in hoops until we end up with a price they could have given us in the first place - madness !!!!
    Starting Mortgage 01.08.08 £171,209.24. [STRIKE]01.08.16 £42,418.93[/STRIKE]; [STRIKE]01.02.17 £36,584.00[/STRIKE]; [STRIKE]01.04.17 £34,694.7[/STRIKE]1 [STRIKE][STRIKE]09.06.17 £32,828.89 MFW Target date Sept 2017; :[/STRIKE][/STRIKE]) [STRIKE]06.08.18 £24,769.47[/STRIKE] [STRIKE]01.11.18 £23,825.00[/STRIKE] [STRIKE]22.01.19 £21,990.00[/STRIKE] [STRIKE][STRIKE]06.02.19 £21,200[/STRIKE][/STRIKE] [STRIKE]03.03.19 £19,862.93[/STRIKE][STRIKE]01.05.19 £18,509.63[/STRIKE] [STRIKE]01.08.19 £16,750.00[/STRIKE] [STRIKE]01.10.19 £15,400.00[/STRIKE] [STRIKE]01.11.19 £14,700.00[/STRIKE] 01.12.19 £13,956.00 01.02.20 £12,503.61 01.04.20 £10,999.00
  • shangaijimmyshangaijimmy Forumite
    3.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    I take the high and mightly moral ground. Once i've found the best quotes/prices i then ring the old company and tell them im not renewing. When they ask why or can they match price etc... i reply with "Your re-quote is an insult and you don't deserve my business, or the opportunity to make amends". Not sure they have a line on the script to respond to that!
    MFW: Was: £136,000.......Now: £68,202.78......
    Mortgage Neutral Deficit: £54,331.22... Mortgage Neutral Savings: £13,871.45
    MFiT-T5 #8 - £17,522 of £23,100 (75.85%)
    1% Mortgage Challenge - £411.69 of £705
  • A_Frayed_KnotA_Frayed_Knot Forumite
    3.2K Posts
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    ✭✭✭✭
    Hehe, love it :rotfl::rotfl::rotfl:

    This was my attitude with an insurance quote (for buildings &contents) not car though. I phoned to say I wanted to cancel -why, they asked - cause its went up 25%, I said - now, just let me see, oh, you've been a customer for a few years now, we should have applied a discount - Oh really, says I - I still want to cancel - If we make it same price as last year, would you accept - no, I said. Well we'll keep it on file. Ok

    Tried to get a few other quotes - all nearly double, what I had already been quoted. So went back to 1st firm, ok I'll take, says I :D
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
  • shangaijimmyshangaijimmy Forumite
    3.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    Nothing like crawling back sheepishly!!

    Well i have to say that i've neglected my diary somewhat this week, not to mention reading others. I have to admit that i've been consumed by reading up on matched betting to refresh my memory. Happy to report that so far in 4 days i have a profit of £12.50 with £20 of free bets yet to stake, so im off and running. Definitely taking it slow to make sure i don't make any mistakes. I have a tentative plan to try and get to £800 over the course of the next 12 months. Big thank you to hiddenshadow to for helping with my train of thoughts.

    Anyway back to MF duties. I've been TTing each day and tomorrows payday will trigger my usual accounts shuffle. M&S current account is open and the switch will start on Monday. This account will then become my Matched Betting account to keep things separate.

    Our building plans are well underway and the electrician came back last night to do his recee. Mrs SJ has picked the sofa (typically over budget but its the right one which is the main thing). However it does mean that i will have to decorate as decorators money has now been soaked up. Next is paint, carpets and curtains... All building work should be finished in 3-4 weeks which is fine by us both, and we should be all done and dusted for when Mrs SJ returns to work in September!

    1 week to accounts posting and i can happily say it'll be another £1k reduction!
    MFW: Was: £136,000.......Now: £68,202.78......
    Mortgage Neutral Deficit: £54,331.22... Mortgage Neutral Savings: £13,871.45
    MFiT-T5 #8 - £17,522 of £23,100 (75.85%)
    1% Mortgage Challenge - £411.69 of £705
  • shangaijimmyshangaijimmy Forumite
    3.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    £1 TT'd this morning. Accounts look great again after payday, especially as paying out is delayed till Monday due to weekend!

    All M&S bank stuff arrived this week, so this morning I activated online, phone and switch. Going to open a regular saver later and furnish it each month out of our tesco current account. It'll get us about £30 more interest for the year and it's not cash I need access to.
    MFW: Was: £136,000.......Now: £68,202.78......
    Mortgage Neutral Deficit: £54,331.22... Mortgage Neutral Savings: £13,871.45
    MFiT-T5 #8 - £17,522 of £23,100 (75.85%)
    1% Mortgage Challenge - £411.69 of £705
Sign In or Register to comment.
Latest News and Guides

New plastic £50 note in circulation

Inventor and codebreaker Alan Turing is pictured

MSE News

TV MoneySaving tricks

How to save on Sky, Netflix, Now TV, Prime Video and more

MSE Guides

Pret subscription loophole

Get a month's worth of free smoothies, frappes, coffee etc

MSE Deals