Thirty something dreaming of not paying mortgage

kaycastle

So yesterday I did a £2100 overpayment on mortgage felt good.
I'm exploring joint accounts and I think I'm going to opt for the 123 Santander one.
I need to check the minimum money in required on my current one and check where best to have our savings in terms of interest. I sense I will have an exciting Saturday morning...

greent

ooooooh - that was a lovely OP! :T

Have fun researching accounts.....!
x

amycool

When OH and I were younger and really saving hard we had a joint account where all earnings went in, but kept our individual current accounts and set up a direct debit so we both got a set amount per month that we could spend how we liked.

Things have changed since (I'm a SaHM) so we just have the one current account (Santander 123).

My partner has never been interested in money and I doubt he ever will. He's so clueless he wouldn't even know how to log in to check the balance. I still inform him if I've opened a new account or if I've done a big overpayment but in a way it's easier being able to make all the decisions!

I think the hardest thing is balancing everything - home improvements, pension, overpayments etc but it's good to remember that so many people are living paycheck to paycheck and however you split the money, you're doing really well. We have £9000 left to pay on the mortgage (age 34 but our house cost less than yours) but the need for a new bathroom is greater than my desire to be mortgage free right now. It will all get paid eventually.

BachSoon

A very interesting diary, I shall follow with interest. You're already making great inroads!

kaycastle

Thank you everyone

That's amazing amycool, you've done so well on your mortgage, I hope I do as well - we did our bathroom last year too, it was so terrible it needed it desperately so I didn't overpay for the first 6 months of the mortgage while I was saving for it. I'll be really relieved when the main house things are done so I don't have to save for anything apart from emergency repairs and like you say less to balance.

I'm getting very excited for spending this saturday morning looking at some finance things

kaycastle

Hi All.

So I didn't do much spreadsheeting this morning - spent all morning from the early hours in the garden I did so much I'm well sleepy. Sowed all my vegetables, lots of digging and started a raised bed. Lots of weeding and removing stones.....

I'll get back out there again in a minute.

Its been 15 days without any television I'm well pleased with us, I wonder how long we will continue this. :T

I did the big mortgage overpayment - and it was really pleasing - so close to the £210k figure now.

When my husband and I are next off on a Saturday together we will sort out our Santander joint account. I think this will be really great - we will be able to do much better at overpayment/tilly tidies I think and earning interest :j

I've been trying to work out what is the earliest possible mortgage free date we could possibly do with overpayments limit/what we can afford. Just out of interest. Going to wait and see how the joint account goes. But I'm wondering how fast we could race towards mortgage freedom....exciting.

kaycastle

Hi All,

So some unexpected monetary things have happened in the last 48 hours. My parents want to sell the contents of their attic,garage and shed which is...full of absolutely random stuff,some valuables and just so much stuff. They don't want to do it themselves as they'd rather be having fun/holidaying so they've said for me to sell and split the proceeds
I've already sold £450 yesterday on the first day.... and that's everything already packaged and delivered.

I'm going to see how this month goes - then decide whether to put it into my savings for house projects or even more overpayments. I think there might be several thousand pounds worth of stuff around but I think it will take years to get through!!!

This is very exciting - I've never really sold lots of things before because I've tried to be careful not to hoard in the first place

greent

Oooh - what fun!! (I think so, anyway!) - and bonus money :j: - I know you've got to do the work to sell the stuff - but it's still a bonus! Fantastic :T

kaycastle

greent wrote: »

Oooh - what fun!! (I think so, anyway!) - and bonus money :j: - I know you've got to do the work to sell the stuff - but it's still a bonus! Fantastic :T

Its true and its really exciting there is tons of old stuff and coins,stamps,records and just so so so so much stuff. Having to tackle it in parts. I'm really pleased they are encouraging me to do this now so they can enjoy the money too. They go on holiday all the time now but hoping to give them enough of a boost that they can do their dream destination that they said was too pricey at the end of the year.

Its such perfect timing as well as it gives me a bit of a project to work on bad weather days - and keeps me out of my spreadsheets as much as I was. Admittedly in another one! As I'm organised I have to do exact lists and records

We're up to £650 in the first couple of days - thats with normal work as well. This is just so much fun.

amycool

How exciting and what a lovely way to make some extra money. Sounds like a big job but definitely beats doing surveys.