The Case of the Overwhelming Mortgage

AgathaSquirrel

Loving the job thank you. Colleagues are great. I keep thinking how lucky I am.

In other news the energy company we switched to has just gone under. I estimate we’re going to be paying double what we paid last year. Going to have to rethink our budget.

LadyWithAPlan

AgathaSquirrel said:

LadyWithAPlan said:

Following your falling daily interest is very motivational even for me and its not my mortgage.

I am saving hard to buy next year but think my daily interest rate will then start at about £16 ouch.. No wonder I am Dragging my feet. 

Oh that is painful. We were £10 at the start but that reduced quite quickly. It does help the motivation to overpay when you realise how much you are saving daily/weekly/monthly.

well done on the new job, and sub 90s. Yes when I finally buy I will working most hours under the sun til it feels breathable again )

AgathaSquirrel

Have been underpaid so can’t overpay mortgage. Pre teen has cold symptoms so all currently isolating waiting for test. I’m already bored 😐 

AgathaSquirrel

All negative. Life goes on.

Pay is hopefully sorted but I won’t see it until next pay day.

All being well, we’re getting some internal work done on the house this month. We’ve been here 4 years now and it’s slowly turning into our house.

Just checked pre-teen/teen savings for university £6800 at the moment. We’re going by Martin’s figures of £3000 per year. We won’t have £24000 saved but hopefully £12000 saved and hopefully mortgage paid off by the time number 2 goes and we can provide a monthly contribution.

AgathaSquirrel

Daily Interest rate down to £5.49. 

First huge bill taken by Avro. I imagine we  will hear from Octopus today and we still owe our previous company money. What a mess.

AgathaSquirrel

Still haven’t heard from Octopus.

Teen now vaccinated.

Quiet weekend. Just waiting for the Chinese to be delivered.

AgathaSquirrel

Overpayment today. Should go down to £94000s.

glass_half_full

Great progress! 

AgathaSquirrel

We’ve done some work to the house this week that has eaten up most of our savings. I was roughly working out we need approximately £12000 to finish the house. Then ??? to add utility room and remodel kitchen. Long way to go.

Had a few days away with teen and preteen which they both enjoyed.

Now making a start on Christmas shopping. The niece and nephew parcel for abroad needs to be ready sooner rather than later.

Preteen has asked for a very expensive gift this year. We are debating what to do but will probably go for a cheaper version of the same thing.

We have been financially quite comfortable as we haven’t been spending during COVID but we are going back into saving mode following all of our recent spends. I do get some wobbles about the overpayments on the mortgage as this could be used in other ways which would improve our day to day lives. but leave us with a mortgage while the teen/preteen are at university.

AgathaSquirrel

Mortgage has just tipped into 93000s, another overpayment later this month will keep it there. Interest rate is down to £5.43 per day, when I started tracking interest rates, we were paying £6.45 per day, I just wish I could remember when that was.