Hope is not an Effective Financial Strategy

CathT

Hope dd is feeling better, sickness bugs really wipe them out don't they. We leave ourselves too short financially really and have to be super frugal leading up to payday (cb helping us out hugely this week!) but we achieve so much on payday and don't need a huge amount of current account cash to potentially waste and fritter away. Certainly makes life interesting leading up to payday though. Our large mortgage will definitely be gone by the time I'm 45 though so that's getting us both through.

chumpy45

Hope DD is feeling better and you get to have a rest of some description. Your little dog sounds a bit like mine, very reluctant to get up in the mornings

greent

CathT wrote: »

Hope dd is feeling better, sickness bugs really wipe them out don't they. We leave ourselves too short financially really and have to be super frugal leading up to payday (cb helping us out hugely this week!) but we achieve so much on payday and don't need a huge amount of current account cash to potentially waste and fritter away. Certainly makes life interesting leading up to payday though. Our large mortgage will definitely be gone by the time I'm 45 though so that's getting us both through.

This!! I feel almost permanently skint - but it's our own doing by throwing money in savings/ at mtge - in reality we're *not* skint but I choose to have not much spare money in the current account for the month for the longer term benefits Some months it feels harder than other months, though....

Suffolk_lass

greent wrote: »

This!! I feel almost permanently skint - but it's our own doing by throwing money in savings/ at mtge - in reality we're *not* skint but I choose to have not much spare money in the current account for the month for the longer term benefits Some months it feels harder than other months, though....

Me too! Otherwise, if I feel even slightly affluent, I am tempted to spend unnecessarily - who needs LED fairy lights for camping? Apparently we do...:o

greent

Suffolk_lass wrote: »

Me too! Otherwise, if I feel even slightly affluent, I am tempted to spend unnecessarily - who needs LED fairy lights for camping? Apparently we do...:o

As did we - along with some stick-in-the-ground solar lights and also those flower shaped windmills on a stick...… :o

gallygirl

Suffolk_lass wrote: »

Me too! Otherwise, if I feel even slightly affluent, I am tempted to spend unnecessarily - who needs LED fairy lights for camping? Apparently we do...:o

greent wrote: »

As did we - along with some stick-in-the-ground solar lights and also those flower shaped windmills on a stick...… :o

:rotfl: I don't do camping, but if I did I;m pretty sure they would be necessary :rotfl:.

shangaijimmy

All this camping chatter sounds so familiar to what Mrs SJ is planning for our garden this summer!!

Missing in action for a week or so. DD illness lingered and resurfaced, followed by DS2 and his resurfaced with a late night vomiting routine. Nanny and Grandad then took it in turns... Anyway half way through half term we dispatched the kids to the caravan with grandparents and we followed up 2 days later for a long weekend. Now sat looking at the mess contemplating packing up, but may have another cup of tea sat outside first!

Our skintness is about to end with payday for me tomorrow, and for Mrs SJ on Friday. Mrs SJ has her new pay rate included for 2 of the 4 weeks so will be an extra £110 ish in there. Just need to decide how to reallocate her new wages (I love this bit...), although i have been warned "Its not all going to the mortgage". Reading between the lines it sounds like she's happy for some of it go...

Our remortgage goes "live" a week on Monday and I need to borrow some money off the kids for a few weeks to reduce the mortgage total. We have a reg saver with cash earmarked for mortgage that will mature mid March and then I'll pay the kids back. I may sort that tonight when we get home, in between washing machine loads!

As part of my streamlining I don't think I'm bothering with the reg saver this year. Just gonna throw cash straight at the mortgage. The difference is minimal and I'm more bothered now abut seeing the overall balance reduce quickly. So it'll be 1 large OP standing order. Reg saver always acted as a EF at the same time as OP pot, but we don't need that any longer anyway.

Well that car won't load itself!

Karmacat

The money situation sounds great, Jimmy, though I'm sorry to hear about the bugs situation I got scared into booking a late flu vaccination by a report on how bad the illness was this year, but I'm not 100% myself, so I'm going to cancel.


Hope the journey home goes well.

shangaijimmy

Well favourite time of time of the month has arrived as tomorrow is mortgage OP day and spreadsheet updating day. It'll also mark the end of year 4 of this MF quest. Our remortgage goes 'live' on Monday so I've done the mini shuffle with the borrowed money from kids savings (will be repaid by the middle of March). Our gas and electric switch is complete and we are awaiting £54 refund from previous supplier. Apparently... we will receive it within 10 days, but we'll see... I have no trust of utilities suppliers. I'll give you all 1 guess where the £54 will end up!!

Suffolk_lass

I just love that the more we pay the more we want it gone. It makes us all a little obsessive (is that an oxymoron?).

I'm with you on reducing the mortgage in preference to regular saver accounts. Our mortgage has reduced dramatically (by over a third) in Feb thanks to my retirement lump sum but we are still paying over £30 a month in interest (at 1.24% so quite a good one). At £82 interest per annum on each £250 a month at 5% RS account I need at least five Regular Savers to generate the equivalent interest and that is just to stay neutral - if we take inflation at 2% into account it is quite a few more. So we are paying down along with you.

Sorry to hear about the lurgy - I had my flu jab and was in bed for about a week and a half over here (but it was flu-like and a cold - no vomiting).