Setmefree's Diary: MFi5 journey

cha97michelle

Life is too short to be really cold. It will be warm again soon and then we can all be evangelical again about turning it off. Until then, i am keeping mine on at 19 degrees.

abouttimetoo

setmefree2 wrote: »

Everyone is so nice on this board!

And just 16 more payments - I can hardly believe it:D

Wow, wow, wow SMF2, amazing progress

PS, I had a look at the link you mentioned re your son - I tough gig ay:eek:

setmefree2

abouttimetoo wrote: »

Wow, wow, wow SMF2, amazing progress

PS, I had a look at the link you mentioned re your son - I tough gig ay:eek:

Thanks!

My mind is still wrapped up with the student fees stuff but I have given up posting on the student money saving board. There are 4 hostile posters on there who are spoiling it for everyone else. So it's a wasteland, they get about 5 new threads started a day. Which is a great shame, as I had lots of nice PMs and I think it could be a great board,full off interesting ideas.

I've become convinced (as has mr smf2) that the new student loans could potentially be a massive burden on our kids. They will have to borrow about £50k plus each - for us though, what is worse is the interest rates (varied from RPI + 1% to RPI + 3%). RPI is currently 5%.

At the beginning of these loans, students pay off a miniscule amount ( it's a bit like paying the minimum balance on a credit card). So quite quickly the interest will pile up. There is also talk of preventing students from paying the loans back and penalties for over paying.

So, we think that these student loans should be avoided and that we can do it all cheaper ourselves - but we are talking about £90k to £100k to get 2 kids through college!!!!! :eek: :eek:

We could have done without that:cool: Flippin credit crunch has well and truly crunched us

CathT

University fees are a big concern aren't they, I worry about it and DD is only 2. I am currently paying off my student loan from graduating in 2004 but a £14k loan at £20 a month is not going to disappear very quickly. That's why i hope to be MF a LONG time before she goes to Uni.

gallygirl

setmefree2 wrote: »

oh dear I really am ancient on this board

I'll match your 48 years and raise you another 18 months :eek:. I wish I'd been as switched on as the youngsters on here at their age

[Deleted User]

I'll match your 48 years and raise you another 18 months :eek:. I wish I'd been as switched on as the youngsters on here at their age

but we need you all and your wisdom!!

golfiematt

the older you get the wiser you get!

setmefree2

gallygirl wrote: »

I'll match your 48 years and raise you another 18 months :eek:.

Oh Thanks gg! I'm not alone after all.....:T:T:T:T

setmefree2

Just checked the interest charged on our mortgage for Jan and it was the grand total of £1.81 per day :T:T (or £56 for the month). The most we ever paid was £28.30 per day in Nov 2007 which in a similar Jan would have been £877 per month. A big fat saving of £821 per month!!!!! Times 12 that is £9,852 !!!!!!

abouttimetoo

Yay, go family SMF2, fantastic news :j:j:j:j