Twinklie returns to the property ladder

twinklie

longway2go wrote: »

Thank you for the junior Park run idea which I'm going to look into. It may be that atm mine are 2 young but something to consider further down the line so thanks for the idea.

They have to be 4 to get a time, but you can take them younger (at least you can at mine) providing that you don’t send them down the finishing funnel for a time.

We’ve not made it for a few weeks now, due to weather, kids parties and lurgy! But will definitely go again as soon as we get chance. Although with the weather turning we might wait until after it starts warming up again.

twinklie

Ooh just did a Zoopla house valuation and it says our house is worth 20K more than when we bought it.
I’m not sure I believe them. But I’ll go with it.

twinklie

Just been looking at the finances. DH has been paying off less than 4 quid per month off his CC - A. So I've just requested a balance transfer to his CC - B (0% for 18 mths). He'll pay that off in no time.


I've just requested him a new CC - B because he has no idea where his physical card actually is. I need to transfer the bulk of the balance then to my CC (0% for 12 months). I've checked and the new balance I've just transferred to his card should get paid off last. But it will mean that I need to adjust all my debt figures. Boo.


Still, hopefully we'll have more money to pay it all off prior to the end of the 0% interest periods and therefore won't need to transfer it again. I can't really think of anything else we are likely to need to pay on the CC's in the near future, so hopefully it should all reduce down.


In combining the CC debt it'll be another 12 months prior to me being individually debt free. He will have a further 4 years due to the loan for the car. But we could pay that off sooner if we needed too I'm sure.

twinklie

Well that was quick, DH's CC transfer has already happened.


I'm currently researching under counter freestanding freezers to that I can start batch cooking more. At the minute I'm unable to batch cook due to lack of freezer space.


I suggested waiting until Black Friday but DH doesn't want to do that. He wants to stock up and batch cook now, rather than later. I think he's disaster planning in case of Brexit.

twinklie

So all the debt shuffling has finished and I've had to change my DFW target to the end of 2020 now. When the new year comes I'll reevaluate everything and where my money is going.

By the end of January I should have an extra 227.94 coming in per month due to debts that have been paid down. I'm thinking as my CC is 0%, I'll just set up a standing order to pay that off over the 12 months and put the rest into savings for now.

Next year we should know a bit more about what is happening with DH's job and also the restructure situation at my work. I just feel more comfortable building savings rather than OPing the mortgage over the next 12 months I think. I'm just feeling a little risk averse.

twinklie

Happy moving house anniversary to us. We've lived in this house for a whole year! :cool:

Daily mortgage interest is now down to £15.77 per day which is a reduction of 68p since the start of the mortgage.
We now own 14.2% of the house and have paid of 4.2% of the mortgage!

All our outstanding repayments following work done when we moved are all now paid off as well! :j

I’m also £30 in credit with the utilities finally!

twinklie

So my new MFW date is 2031, which is my 50th birthday year. When we get nearer to the time I’d really like to do it in 2030 because that’s DH’s 60th birthday, but we’ll aim for my 50th initially because that feels doable to me.

We took the mortgage out over 19 years rather than 25, which saves 6 years. So knocking another 6 years off via overpayments feels pretty exciting and would mean we pay it off 12 years quicker than a standard mortgage. That feels like a nice manageable aim to me.

Obviously it depends on what remortgage rate we can get in 4 years time. But fingers crossed we’ll be ok.

twinklie

Ooh the utilities DD has been reduced by £70 pm. I’m quite excited by that!

CathT

That's a big difference to the utility bill, definitely worth keeping an eye on usage etc to get that reduction. We are slightly in credit which will do me entering the colder period.

twinklie

We had issues setting up the account when we first moved, we’ve been paying that off for ages. As soon as we hit £30 credit they reduced the DD! So I’m super happy with that.