Simple, sustainable and slow: Glenda's MF marathon
in Mortgage-free wannabe
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MFW start: April 2018, £201,800
Mortgage neutral: September 2022, mortgage redeemed: December 2022
New house, new mortgage: December 2022, £276,007
Current balance: £222,600
Good: additional mortgage OP of £42.26
Bad: topped up fun money budget (£40) and groceries (£30) - these categories were fully funded, so that's £70 that could have gone to OPs or the emergency fund :mad:
- Get through half term without too many additional spends
- Stick to the grocery budget
- Top up the savings pots as well as making OPs
My salary amount is already showing as a pending transaction in my current account, but I'm being good and not entering it into YNAB until it's cleared .
I will cheer you on :T
Pay day finally! Although the healthy income figure soon disappears when I start updating YNAB . Anyway, the monthly budget is set, with a bit extra in groceries (5 week month) and fun money (half term). My monthly DD has increased, but thanks to my increased pension payments not going out yet I had a bit spare for a cheeky OP of just over £50.
Current balances below. The aim for this month is to stick to budget, plus try to save around £10 a week for OPs. Aiming for a minimum of 10 NSDs.
Mortgage: £165,430 / £171,000
Emergency Fund: £1700 / £5400
Savings pots topped up and extra school trip budgeted for .
I was expecting a credit limit of a few thousand, which is all I need. Came back with an approved limit of £12,000 :eek::eek::eek:
WHAT DO THEY THINK I'M GOING TO BUY AT A RATE OF 21% APR??
No wonder it's so easy to get into unmanageable debt! Anyhoo, once the card arrived I'll be calling them to reduce the credit limit pronto. And I ticked the boxes for no credit increases without faking me :eek: and to pay off the balance in full by DD.
Jeez. Am feeling very old and crotchety this morning about it all.
Next q: should I cancel my 0% money transfer card? It's been useful in the past but I can't see me needing more than one credit card and it's been paid off for months.
Someone has upended a bag of caster sugar in the kitchen cupboard. Suppose I'd better sort it out before we get an army of ants marching through :mad:.
I'm being retrained and not making an OP until tomorrow, when I can see how much I've saved from my weekly grocery budget .