Building towards a complete life overhaul....might take a while but determined to do it

enthusiasticsaver

Fantastic on getting the SLC refund. How long have you been repaying the student loan?  I despair whether my daughters will ever repay theirs and they are not even on the current scheme.  They have been paying it off for more than 10 years so far and are on good salaries although DD2 has worked part time due to having kids. 

Sarahwithlove

enthusiasticsaver said:

Fantastic on getting the SLC refund. How long have you been repaying the student loan?  I despair whether my daughters will ever repay theirs and they are not even on the current scheme.  They have been paying it off for more than 10 years so far and are on good salaries although DD2 has worked part time due to having kids. 

After interest I think I pay off about £50 a year from my loan. I'm on the older scheme as well. Don't see point in paying it off early when I have a mortgage etc anyway. 

savingholmes

Great news on the refund.

mumblingtaff

Hi Enthusiastic and Sarah - I just started repaying mine from my salary after I qualified as a teacher in 2009 (I retrained at 37). It was only a one year PGCE course so it wasn't massive but I think it finally finished in about 2017. Never thought anymore about it after it was paid off until I got the letter last week saying I'd overpaid. They'd added interest to what they'd originally owed me for overpaying which added up to a total of £1550! A nice unexpected windfall.
I've paid off the £200 CC balance and the Next bill leaving £1150 ish which has been put into the escape fund savings
The only money I owe is now is on an interest free CC, the majority of which will get paid off next month - my usual payment and the money that would usually pay the council tax so I won't notice the difference (the next two months are council tax free as I pay it over 10 months) - and the loan that is due to run for another year. There's about £1500 left to go but I'll overpay it now there's nothing else to pay for and hopefully it will be done and dusted by the summer. I could pay it off now from savings but I want to keep the money in the bank as its my fall back and there's only me to to rely on for dosh.

The good news is that adding the extra £1000 to savings has taken me into the next bracket of money in the bank - to see it grow is very rewarding and strangely pleasing. Feeling much more comfortable with everything now there's a sizeable chunk of money saved (at least 10 - 12 months worth of all bills and living expenses). Add to that no debt repayments soon and adding more savings to the pot over the next 6 months or so and its all looking quite positive (with the equity from the house once sold and a new one bought outright).

Been working from home today and it was a busy one - when I wasn't teaching I was in a meeting or getting some essential report writing done. I did manage to pop out to see the hearse off for my poor neighbour that unfortunately passed away on New Year's Eve - very sad. I'll miss his never ending phone calls putting the world to rights and his kindness. He looked after his parents until they died and never married and died from cancer and a fall at home just a month after his dad (who was in his 90s). If he was in school now rather than 70 years ago, he'd probably have been diagnosed with Aspergers or mild autism and many of the neighbours didn't "get" him but I always liked him and did a bit of shopping, phoned him regularly when he was shieldlng etc and will miss his funny ways. Poor old b*gger..... Its a shame we're not allowed to funerals these days and its family only - I'll visit the cemetery once everything settles down.

Also managed to have a phone appointment with the doctor for my small psoriasis patches which is getting slowly but surely worse now I can't have the odd sunbed to keep it at bay - got some new ointment prescribed so fingers crossed it will help. Picked it up from the chemist just before it closed during  the tea time dog walk. Hopefully it will do the trick, although I'm impatient and expect to be cured by the morning

I'm working from home again tomorrow and teaching quite a lot but also have to drop the dog off for his haircut late afternoon, then rush back to do a work zoom then dash back to rescue him from the groomers. No rest for the wicked.....

savingholmes

Nice to acknowledge your neighbour. Sad times. 

Forging_Ahead

Hi, long time reader delurking to ask if you're ok? Have missed your updates (am in a very similar position to you). Hope your mam and dad are well, and you too.

Buffythedebtslayer

Yes, I was wondering how you were too. Hope all is well XXX 

enthusiasticsaver

Hope all ok with you and expect you are just busy.  Hopefully half term for you next week so you get a bit of a rest. 

Honeysucklelou2

Wishing you a happy half term break. Hope all is well with you and the puppy.

savingholmes

Hope you are okay