Hope is not an Effective Financial Strategy

Busy_Mee1

Great target's Jimmy. Does it make me sad that I have really enjoyed reading everyone's goals for 2020 ...

Suffolk_lass

Busy Mee1 - that is me too! I love picking over other people's deliberations and decisions, and gently challenging or questioning to see if they are thought through. SJ's always are but I still witter on to see if it helps.

Happy New Year!

shangaijimmy

Busy_Mee1 wrote: »

Great target's Jimmy. Does it make me sad that I have really enjoyed reading everyone's goals for 2020 ...

Not at all! A great hangover (or lack of sleep recovery) cure!

Suffolk_lass wrote: »

Busy Mee1 - that is me too! I love picking over other people's deliberations and decisions, and gently challenging or questioning to see if they are thought through. SJ's always are but I still witter on to see if it helps.

Happy New Year!

Others perspectives are great as we sometimes overlook even the most obvious of things.

My view on enjoying everyone else goals is that the optimism is so infectious. Another reminder that we're not on our own with this seemingly upside down way of doing things!

And for today I've made a lovely £1.06 TT in my TT pot. And whilst it's mortgage payment day I decided to OP £13.28 as the balance looked very untidy when I logged into online banking. I'm now about to update my goals on the 1st post to reflect this.

shangaijimmy

Productive day today. Decorations are down and back in the loft. I've cleaned the living room carpet whilst the kids and Mrs SJ were out. Had 2 dog walks, visited a 90yr old Grandma and built an 828 piece lego Titanic set that DS1 was supposed to be doing but has the patience of a peanut!! The ship has pride of place on the fireplace for the evening so I can look at it!

A_Frayed_Knot

shangaijimmy wrote: »

Others perspectives are great as we sometimes overlook even the most obvious of things.
And whilst it's mortgage payment day I decided to OP £13.28 as the balance looked very untidy when I logged into online banking. I'm now about to update my goals on the 1st post to reflect this.

Music to my ears and a sight for sore eyes, :T :beer: (or something like that) :rotfl:


Happy New Year.

Busy_Mee1

Mr Mee really misses the Lego at Christmas. I have even thought about buying him his own set, but we still have a large chest of the stuff. We are keeping it for any Grandchildren but the big kids have been known to get it out on a rainy afternoon.

shangaijimmy

So here I am waiting for the first delivery of the cricket and utilising an idea I pinched from lippys diary.

So far with our efforts towards a MF horizon we have reduced our initial drawdown by 6 years and 2 months :j

This leads me onto the remaining 4 phases of our MF plan:

• Current Phase until Feb 2022 - £200 minimum OP
• Generating Momentum Phase Mar 2022 - Feb 2024 - £250 Minimum OP
• Acceleration Phase Mar 2024-Feb 2026 - Increase payments by £100 (dependant on new mortgage rate)
• The Finisher Mar 2026 - Feb 2028 - Increase payments by a further £100 (dependent on mortgage rate)

The current and generating momentum phases are pretty much set, although I suspect most months we will OP by a little more than the minimum. The 4 years that cover the Acceleration and Finisher phases I have made some predictions for the overall amounts and much will depend on progress in the 4yrs before. I think a realistic scenario would be for 2 more 2yr fixes, and if progress has been good then possibly 1 3yr fix. However I am also relaxed if we need an extra year, and again the whole mortgage environment and products on offer will determine all of this...not to mention my tinkering and meddling in the years before .

shangaijimmy

Busy_Mee1 wrote: »

Mr Mee really misses the Lego at Christmas. I have even thought about buying him his own set, but we still have a large chest of the stuff. We are keeping it for any Grandchildren but the big kids have been known to get it out on a rainy afternoon.

Secretly I did quite enjoy it, whilst watching Jurassic park with the kids in the background. DS1 agreed to fetch me beer as the deal breaker for me doing it for him :beer:

Suffolk_lass

I love that tidying down mortgage idea, as well as tidying up accounts with TT. I just never manage to finish tidying as there is always the savings holding point with a raggedy bottom line in between them all.

I'm still working through with DH to agree our plans (because we still have one visitor and decs won't come down until 12th night due to superstition) - he wants to do a big trip so I have given him four big brochures to go through - while we are more likely to do things flexibly off our own back as independent travellers, I want to pinch the ideas of which trips are on our list (and work out if this is a 2020 or a 2021 thing to do).

In the meantime I am still catching upon diaries. Have you seen the 20 for 20 thread (20 things on your list to do 20 times in 2020) - many choosing saving 20 of each note, and so on?

shangaijimmy

Suffolk_lass wrote: »

I love that tidying down mortgage idea, as well as tidying up accounts with TT. I just never manage to finish tidying as there is always the savings holding point with a raggedy bottom line in between them all.

I'm still working through with DH to agree our plans (because we still have one visitor and decs won't come down until 12th night due to superstition) - he wants to do a big trip so I have given him four big brochures to go through - while we are more likely to do things flexibly off our own back as independent travellers, I want to pinch the ideas of which trips are on our list (and work out if this is a 2020 or a 2021 thing to do).

In the meantime I am still catching upon diaries. Have you seen the 20 for 20 thread (20 things on your list to do 20 times in 2020) - many choosing saving 20 of each note, and so on?

There's never an end to tidying as we have so many accounts. So its daily TT's from current account and a monthly mortgage tidy for me! I've seen the 20 for 20 thread but its not quite for me. Think I'll have my usual list of house jobs on the fridge and work my way through them. DS1 bedroom decoration is the priority though.