Bigdreams journey

Bigdreams_2

Hi

I'm big dreams and I'm wanting any advice people are willing to give me to be able to achieve my dreams

I currently live in a 3 bed house with 3 children and dh. Our mortgage is 79,300 over 22 years. I'm wanting to reduce this as much as possible. I know if I can overpay by just £50 per month I can knock 3 years off the term alone.

We do have some debt which I'm wanting to also try and clear at the same time and are also in need of some house upgrades.

Here goes

Credit cards all on 0% £4856.52
Loan 3 years left to pay £6600
Furniture - £1250 not sure interest will have to check.
Catalogue £109

We have 1 gas guzzler car (loan) and 1 small paid for car the plan is to sell the gas guzzler and replace with a more economical car and keep the small paid for one. Which is so cheap runaround and reliable. We plan to sell gas guzzler and money.from that will pay for.new one hence keeping only a 3 year loan rather than taking out a new 5 year one.

We have small saving which need building up this stands at £1250and would like 5k.

We also need a new kitchen and bathroom needs tidying up.

I'm achieving all this slowly with help from surveys eBay etc overtime

Wow seems like a mountain when I write it all down but wanted this to push me on and keep me on the right road. The diaries on here are so inspiring.

Thank you all in advance for simply reading

Bigdreams xxxx

We do plan to move to a larger house but obviously once we are in a much better position

Kittenkirst

Welcome to the board Bigdreams and I love your username

I love updating my diary even if it's just to keep me on track and accountable! Have you started to make any overpayments yet?

Bigdreams_2

Thank you.

No we don't actually complete till roughly end of March so this gives me the heads up and to get started.

I do need to take a look at our monthly outgoings see what can be improved. I also need to look at new 0% cc as my deal I'm on ends in April.

I'm just gonna see what I can do? Everything helps kinda attitude.

Bigdreams_2

Plans for today I need to set some little challenges up and progress from there

I have a massive change jar - this is Xmas food fund
I need to find a Jar for £2 coins - Overpayment jar
Chase mortgage see where it's at
Sort through at least 1 drawer or cupboard find things to sell
Check bank
Go to slim club - need help shifting these extra pounds
Cook chilli and bulk to get his and my dinner from it tmoz

Owt I have left at end of week also need to determine how much off debt and how much towards savings and mortgage.

Finally feeling like I have a small plan

Surveys I do

Prolific
One poll
My survey

Anyone recommend anything else Prolific is my absolute favourite and reach payout at least 3x a month

Good day to you all

Jonbvn

Look at paying off your highest interest debts first, which are most likely not your mortgage.

Bigdreams_2

Jonbvn - yes think that's the way to go. I need to sit down and get exact figures for everything and interest rates and put them in priority order.

I want to build savings at same time though as feel this is my safety net.

I keep the change pot for Xmas food and start a £2 coin jar for over payments. Anything else I think is to be thrown at debt and savings.

I've just checked my top cashback too £106 pending wow
Hoping to get some more in there when apply for a new 0% card to do a balance transfer. I have till April for that tho.

Thanks

Bigdreams_2

Looking at interests my furniture loan is 9.9% think that needs to be my priority.

I also need to ring cc companies as I know so much of my balance on one ends April and I'm not sure on the other. I think most is 0% but the rest will be 6.4% for life.

Need to sort this cos sure savings are to be made.

Catalogue is 0% and owe little this will take care of itself in coming months.

dark^knight

Good luck...you have a similar mortgage to our remaining balance.

louloubelle79

Good luck I'm sure you will achieve your goals, I find writing it down you can see clearly what you need to do. Try paying your debts first before overpaying I would say though. We just managed this and just started overpayments which feels good.

Starlighthappiness

Good luck on your MF journey. I'm going to be starting my own MF story in September so can completely understand the appeal of starting the blog before you complete on the house!

Bigdreams_2

Hi all

Finally had chance to look at the interest rates I'm paying and I'm disappointed with myself not kept on top of it so here goes.

Furniture 9.9% £1187.72 (25.82) per month
Cc1 - 2816.02 0% some of balance ends April.
Cc2 - 1959.87 6.8 % (annoyed at myself)
Cat - 109.72 0%
£6073.33 total owed minus car loan as will leave that running for now


Can any1 tell me I want to apply for a new 0% cc but will it effect my mortgage application as we have already had mortgage offer.

Savings stand at £1253.87 want to aim for 5k