Hope is not an Effective Financial Strategy

Luckyinlife

Dedication does all of the TT go to mortgage or a build up account ?

debtfreeoneday

Every 1p helps!

shangaijimmy

Thanks gang. Lucky i TT everyday into an everyday saver then send the pot across on the last day of each month to mortgage. Last month it got to £19.96.

Long day in work so only a fleeting visit to report that £18.92 of current account savings interest was sent to mortgage today so December is off and running!

Lynplatinum

Hey Jimmy

Re 1p - remember the Macawber principle! Think it went something like :
'Income one pound - expenditure 19 shillings and 11 pence - result happiness; income one pound - expenditure 20 shillings and one pence - result misery!' (not a direct quote but you get the idea :-)

Must do Tilly Tidies from Friday - trouble is that until yesterday was totally NSD ! :-)
Nite all!

shangaijimmy

Great point! You could view TT's as a financial reward for a NSD. If my account is on a round number already then I reward with a full £1 TT.

[Deleted User]

jeepjunkie wrote: »

Yeah I estimate I'll be £62 above £100,000 after Dec salary

I had originally hoped we'd be in the £99,xxxs by the end of the year but far from the end of the world

Anyway, nearly home time

Cheers

Hi Jimmy,

Just looked online, turned out to be £44.50 above the magic £100,000

Last month worked out as £6.63 interest per day whereas previous to the overpayment it was £7.20 per day.

All good.

All the best!

shangaijimmy

Jeep - aren't they lovely bonuses to spot!

So I have a quandary... For the end of calendar year I had a target balance of £126,500 and this was very ambitious in March! I know that without any OP's this month that I'll make that target, therefore in my mind it isn't a target any longer...

So what do I do for motivation this month? Revise this target, revise the next 6 months worth or think of a mini target for the month. I really can't decide! My forecast looks like an approx OP total of £510 which is brilliant in Christmas month, providing we don't have any home disasters!

hiddenshadow

I've been revising the target to avoid getting complacent. Whatever you do, it's a nice quandary to have!

[Deleted User]

Well that's some achievement and one to be proud off

As your target is met i'd just start focusing on the next.

I know what you mean though it gets addictive.

For example I'm happy with our mortgage over-payments being on target so any surplus e.g. bank bonuses, quidco, FITS and RHI etc get pumped into the wife's SIPP which then attracts the tax relief boost bringing an even smile to my face

[The SIPP will be drawn-down tax free within her personal allowance]

ourcornercottage

Id go for under £126k.

That's what you'll aim for isnt it?!?!

You wont be able to help yourself!!!