The Case of the Overwhelming Mortgage

AgathaSquirrel

Eldest is sensible with money. It’s difficult to know what’s a realistic amount to live on. We’ve saved for £3000 per year and will give £100 a month so effectively also £400 a month. She has her own savings and money from my dad too. It’s tempting to give more but then we’re sacrificing paying the mortgage off. If she starts going into her overdraft we’ll have a rethink. I can live with student loan debt if I reframe it as a tax. Other debt scares me. It is also a how long is a piece of string question. We all have different budgets as adults so it’s a good thing to start learning as a student.

beanielou

Absolutely reframe as a graduate tax.

AgathaSquirrel

£650 overpayment this month. Quick interest rate check. Currently paying £4.95 a day in interest.

Have an extra shift today. Deeply regretting it. Would love a day to potter around at home but personal savings are minimal following a trip away. Have heard the post that is funding my extra hours is due to be advertised so additional hours might be drying up anyway. I won’t be upset when that happens. Definitely keen to work less in my 50s.

glass_half_full

Great overpayment. Do you have a plan to reduce days in due course?

savingholmes

Reducing hours sounds a lovely option.

AgathaSquirrel

It’s a pipe dream at the moment. Mortgage needs to be gone and university funded. Maybe 3 years from now.

Bank shift reminds me how good I have it in my substantive role. It could be much worse.

edinburgher

I definitely don't miss the overtime from my previous job. Sometimes the money 😉

AgathaSquirrel

Did not know the young Scot card gave national trust membership for £1. I’d cancelled our monthly membership as we weren’t getting our money’s worth but this has inspired me to start up a membership just for me and then the girls can come along if they wish.

AgathaSquirrel

Ran an accidental 10k. I will suffer tomorrow but glad I did it.

glass_half_full

How can you run accidental 10k? 😂