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Keep calm and carry on....
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Whenever we get a monthly statement from our energy company they tell us if they think we're paying the right amount. We pay ~£130pcm for both which is about right considering there's 5 of us here all the time, many computers on all day, heating etc (even when no covid). In the summer they wanted to put it up to something ridiculous like £160. Needless to say we ignored them. Then in October ish they emailed to say "you've not changed your DD so we're gonna do it for you" ‼️ 🤯 hell no! We rang up and said eff off put it back, and will you stop messing around plz. They put it back to the old amount. Anyway, this month I logged in to the online portal and it says we're paying too much and should drop it by £7 pcm 😂 I did the told ya so dance from Will & Grace.Rule 7: If you're not changing it, you're choosing it.
MFW 2020: 1 Jan £92903.90 ~ OP £536.80/£500
MFW 2021: 1 Jan £89281.21 ~ OP £404.62/£500
MFW 2022: 1 Jan £85579.20 ~ OPs on hold.6 -
I reckon the energy companies do it so that we end up with a rather large 'credit', so that when it comes to switching the thought of taking weeks to get a refund will entice people to take their new tariff offer..Thats the cynic in me I suppose.
Just catching up with your progress, so much excitement and positivity in here!! I love your petrol money usage and especially the thought that its in a better place than being burnt! We also put our petrol money to S&S Isa use and I'm delighted to say that it was money well spent in the post Covid stock sales!MFW: Was: £136,000.......Now: £47,736.58......5 -
shangaijimmy said:I reckon the energy companies do it so that we end up with a rather large 'credit', so that when it comes to switching the thought of taking weeks to get a refund will entice people to take their new tariff offer..Thats the cynic in me I suppose.Rule 7: If you're not changing it, you're choosing it.
MFW 2020: 1 Jan £92903.90 ~ OP £536.80/£500
MFW 2021: 1 Jan £89281.21 ~ OP £404.62/£500
MFW 2022: 1 Jan £85579.20 ~ OPs on hold.5 -
The real problem is that the energy cos are doing what the regulator has told them to do & is total nonsense. They work on a rolling year. So if you are 8 months into your fix then according the them your future charges are 4 months at your fix & 8 months at their very expensive SVR therefore you need to pay more to land up at zero 12 months from then not 12 months from when you started your fix. But common sense tells us that if you are accustomed to having a fix then you will again, but who expects a government body to act with commonsense?(Sorry hope I'm not teaching grandmother to suck eggs here, but it is something that annoys me)6
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coldcazzie said:shangaijimmy said:I reckon the energy companies do it so that we end up with a rather large 'credit', so that when it comes to switching the thought of taking weeks to get a refund will entice people to take their new tariff offer..Thats the cynic in me I suppose.DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)5 -
Whoops, should have known my utility rant would touch a nerve! Didn't mean to raise everyone's collective blood pressure 🤣! Although I do like the idea of being paid for a credit balance! I just wish they charged you for what you used instead of messing around trying to level it off - we all have meters, it can't be that difficult!
Good to see you SJ, it's been a while 😀 I've been lurking on your diary and enjoying the tales of home-schooling....oops, sorry, just dropped my pencil. Where was I 🤣?!?!?Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!6 -
Ooh, also the £3.99 Malbec from Lidl was very good IMHO, so if anyone was thinking of giving it a go before Sunday then I'd recommend it 😀!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!5 -
South_coast said:Ooh, also the £3.99 Malbec from Lidl was very good IMHO, so if anyone was thinking of giving it a go before Sunday then I'd recommend it 😀!3
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Gah! I shall raise a glass on your behalf!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!2 -
Good lord, I've just done a survey on bowel movements 😮😳😮😳😮!!!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!4
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