2020 - 'Nothing in your life will change until you make the decision to change'

jwil

NeverendingDMP said:

Glad the car insurance wasnt anything to worry about. I've had similar in the past with insurance payments and it does give you a mini panic doesnt it.

Definitely!  I was so excited about being able to pay the full amount too 😆

Sarahwithlove

Mine was the same it was about a week after the new insurance started that the payment went into pending. I think its to avoid the cancellation or changes in first 7 days that might be needed. Plan for 2021 sounds very organised. Will your debts be cleared by time you start paying interest on them? 

jwil

Sarahwithlove said:

Mine was the same it was about a week after the new insurance started that the payment went into pending. I think its to avoid the cancellation or changes in first 7 days that might be needed. Plan for 2021 sounds very organised. Will your debts be cleared by time you start paying interest on them? 

Thank you.  I must have been expecting too much  
My debts are all defaulted so I don't pay any interest on them (I've paid many thousands over the years though!).  That's why I might as well just let them tick over until I can make offers to clear them.  

HairyHandofDartmoor

Your festive plans for today sound fun. We used to drive the kids around to look at Christmas lights too when they were young  🎅.

You've put a lot of thought into your finances and your plans sound very sensible to me.

Sarahwithlove

jwil said:

Sarahwithlove said:

Mine was the same it was about a week after the new insurance started that the payment went into pending. I think its to avoid the cancellation or changes in first 7 days that might be needed. Plan for 2021 sounds very organised. Will your debts be cleared by time you start paying interest on them? 

Thank you.  I must have been expecting too much  
My debts are all defaulted so I don't pay any interest on them (I've paid many thousands over the years though!).  That's why I might as well just let them tick over until I can make offers to clear them.  

That makes sense. Although will you need them cleaned by time you need to remortgage? Is your mortgage a fixed rate at the moment? 

jwil

HairyHandofDartmoor said:

Your festive plans for today sound fun. We used to drive the kids around to look at Christmas lights too when they were young  🎅.

You've put a lot of thought into your finances and your plans sound very sensible to me.

Thank you   I like driving around looking at the lights too

Sarahwithlove said:

jwil said:

Sarahwithlove said:

Mine was the same it was about a week after the new insurance started that the payment went into pending. I think its to avoid the cancellation or changes in first 7 days that might be needed. Plan for 2021 sounds very organised. Will your debts be cleared by time you start paying interest on them? 

Thank you.  I must have been expecting too much  
My debts are all defaulted so I don't pay any interest on them (I've paid many thousands over the years though!).  That's why I might as well just let them tick over until I can make offers to clear them.  

That makes sense. Although will you need them cleaned by time you need to remortgage? Is your mortgage a fixed rate at the moment? 

Our mortgage is a tracker mortgage so very low at the moment.  I've no plans on fixing until interest rates get much higher.  I can make unlimited overpayments and clear it without penalty should I come into some money and I like that freedom.   I've got in my head a figure at which I will get a new fixed rate.   At that point, if we need to fix, I can get a new deal with our existing company without being credit checked so have options.  However, my debts have been defaulted since 2014/15/16 so will all fall off my report in the next year or so.  Whilst I will still owe the money and still be paying it back, my credit report will be clear

It's only the last few months since little miss started school and I stopped paying nursery fees that I've even been able to contemplate paying a little more to my debts and start saving.  It's a nice feeling!  I've been treading water for so many years now.  I did benefit massively from not paying childcare through lockdown and working from home during the holidays too, which helped us get the house emergency fund.  It does get a little offset by DH being furloughed and the concerns about his future job security (and mine!), so we need to get some savings behind us while we can, and likewise I want to get the mortgage down as much as we can.

jwil

I've done my PADs for the day.

The case for little jwil's tablet arrived yesterday.  I bought it on a amazon warehouse deal as slightly marked or damaged, saving £10.  It's absolutely fine. The box it was in was damaged, but the case is intact.  That's a nice easy saving to have made!  Hopefully it won't be too long before we get the tablet back too.

I cashed out another amazon voucher yesterday.  I've also ordered a  new pillow.  Mine are going flat and I hate flat pillows, I've been getting an achy neck as well.  This one is adjustable so you can remove the stuffing to make it suit you.  I thought it sounded interesting so will try it.

I've been worrying about work, I've got loads to do before the end of the week.  I didn't sleep well last night as a result.  I plan to try and get as much done as I can early in the week, so that hopefully I can wind down a bit towards the end.  It will probably mean some longer days but at least it will give me some flexi to take back.

The kids have said they are happy to have the extra day of holiday, so I'll keep them off on Friday.  It's one less day for them to be exposed to colds/bugs/covid, and likewise for the staff from my two. It's also less running about for me, and gives me the chance to attend my work Christmas quiz, so I'm not entirely unhappy 😆.  They've got their Christmas parties etc on Thursday so will end term on a high.

My plan for the day is to do not a lot at all!  Hope everyone has a good day x

Sarahwithlove

That makes sense then if it works for you. I kind of regret fixing mine now but at the same time im glad in the sense that if rates had gone the other way. I have 3 more years left on mine and who knows where we will be by then. Tbh I will probably be looking to move by then anyway. 
But sounds like saving and paying off mortgage makes most sense for you. 

jwil

Sarahwithlove said:

That makes sense then if it works for you. I kind of regret fixing mine now but at the same time im glad in the sense that if rates had gone the other way. I have 3 more years left on mine and who knows where we will be by then. Tbh I will probably be looking to move by then anyway. 
But sounds like saving and paying off mortgage makes most sense for you. 

Yes, it's definitely a gamble.  When we first got the mortgage we were paying significantly more and then when our fix ended we were on a much better rate so have just stuck with it for now.  We just keep an eye on what everything is doing.

Sarahwithlove

As long as you keep an eye on it you'll be fine. It's when it gets left and people just keep paying that it can be a problem.