Hope is not an Effective Financial Strategy

Luckyinlife

Nice OP shang :]

What kind of LTV do you have currently ?

shangaijimmy

Lucky - Currently at 59.05%, and after the month of August we'll be 58.86% maximum (not factoring in the potential holding pot of tilly tidies).

Maybe_its_because

shangaijimmy wrote: »

MiB - £28!! How did you sleep?!?!:shocked:

Like a baby - I was blissfully unaware of it at the time. It only dawned on me after we had remortgaged and I became an MFW.

Luckyinlife

shangaijimmy wrote: »

Lucky - Currently at 59.05%, and after the month of August we'll be 58.86% maximum (not factoring in the potential holding pot of tilly tidies).

Thats really good :] guess you targeting that magic 50% number :]

debtfreeoneday

Hope you are getting lots of decorating done!

shangaijimmy

Lucky - believe it or not i'm not too bothered about the LTV now that we're under 60%. It's daily interest and colouring bricks for me now!

Debtfree - decorating starts on Thursday so i get a few days of grace to think about it!!

Ali-OK

Thanks for the welcome and I need to take a leaf out of your book and open a side account for TTs that I can move back to add to the capital payment - minimum amount I can send is £500, so that's a worthwhile plan to see those little bits add up

You've a busy timetable with decorating and work and then new baby!

Am tracking daily interest too - moved on up from knocking 7p/8p last year to double figures of 10p this month - planning on 11p with the next one. It'll take me to another month knocked off the end date as well. :j I like little milestones and have a good spreadsheet fiddle to find one and then make the budget fit to meet it

shangaijimmy

Well in terms of decorating my plan is for the full house to be done this year to take the pressure off house maintenance for baby 3. I'm realistic to know that any brownie points accrued wont last though!

From todays posts it got me thinking about daily interest and i've noticed that my progress in the last 5 months now means that each £450 OP knocks off 6p per day rather than 5p. Doesn't seem like much but it does show how progress starts to snowball.

In other MSE news it looks like Mrs SJ is cancelling her gym membership for the next 12-18months so i think i'll throw that £10 at the mortgage as well! But as usual don't tell Mrs SJ!

ourcornercottage

To add to your various comparisons I like to compare monthly interest paid 2014 to 2015 which will obviously be ruined when interest rates go up but it works for now!

shangaijimmy

OCC - thats a cracker to compare. Think i'll add to that to my list but may go every 6 months to get some positive readings before the interest rates ruin it in 2016!!

I think my favorite though is monthly reduction as it feels like big numbers and real progress is being made. My last 5 are; £1,082.42, £1,024.91, £933.40, £933.14, £1,015.56 .

That said each month i get a new favourite such is the excitement of spreadsheets!