Mortgage free in Forever Home :-)

Cheery_Daff

Ooh, that sounds like good news KK!

KajiKita

Cheery_Daff said:

Ooh, that sounds like good news KK!

It's given me a real lift Cheery 

Whilst I earn kore then he does, he's the one with 'additional earning capacity' that I don't have. I don't mind doing the ball aching slog of shopping around for house insurance, managing utilities, chasing grocery discounts, earning single digit payments slowly and painfully from QM33 if I feel he is helping and involved too. It may not yet come off (he was checking all the V5s and the mileages last night) but it is looking quite promising .....    

KK

Baileys_Babe

It will be great if Mr. KK pulls it off but even if the project doesn't get off the ground it shows he is on board with the bigger plan by investigating ways to up his income.

KajiKita

Baileys_Babe said:

It will be great if Mr. KK pulls it off but even if the project doesn't get off the ground it shows he is on board with the bigger plan by investigating ways to up his income.

And not just 'up his income' but actually putting it into savings / mortgage OPs  This is historic ...

He still needs to set up a savings account mind you .... for my 'birthday present' from end of October ..... 

KK

Baileys_Babe

I think you need to gently remind him

KajiKita

Baileys_Babe said:

I think you need to gently remind him

That's exactly what I did when he said that he would give the profit to me .... No says I, I think you should split it between a mortgage OP and your savings, you know the savings account you were going to set up as my birthday present .... Oh yes, says he, I will .... (to be continued).

I am wearing 100 layers here - still chilly and it's as if it is getting inside me!!   

We are channelling @Cheery_Daff here by putting up a curtain to make a complete 'wall' in our living room to keep the warmth in. Hubby has made a pelmet from various bits of timber he has scattered around and i will head out after the Sainsbugs delivery has been wrangled to get a curtain track. We have a curtain already that we had tacked over the gap since about mid week. We've been talking about it for months, but this week we are finally making it happen! 

We were going to set up and dress the Christmas tree today but it's frozen in its bucket of water so we brought it in to the conservatory now, to thaw out again! 

QM33 was fairly frustrating again this week - lots of work on their servers etc, so just £8.13 to OP this week. However, when I checked our mortgage balance I can see that Acc0rd have revised their LTV number to 55% from 60% back in mid August - yaay! Various small TTs to savings came to £7.09.

Planning Christmas food but we are almost there now   

KK  

Cheery_Daff

Ooh, excellent work curtain wrangling, and on persisting with QMee. I go back and forth but have been ignoring it for a couple of months now 🙄

KajiKita

I have been reading a diary or three (particularly Shanghaijimmi’s) and I’d like to set myself a nice colour-in spreadsheet with ‘bricks’ so I can see progress on the mortgage. 

The only thing is that the interest on the mortgage seems to get added as a lump in January, so my ‘bricks’ will increase / need to be ‘uncoloured’ again. 

Anybody found a way of managing this well? (A trivial question I know, but it’s in my head now! 😂)

KK

KajiKita

I've done it! The Bricks thing, I mean.   I set up a spreadsheet in £500 increments to roughly cover the total value of the mortgage from the start in 2019, and coloured green what I thought we have paid off. I then merged and made red the '£500s' where the annual interest gets added - 14 of them for December 2020 and 13 for December 2021 (so already decreasing). I added these £500's to the end of the tracker but I was still still 33 out to cover the remaining balance (this might be due to the payment holiday we had to take due to my furlough, 2 x redundancies etc.) so have added those to the end of the sheet.

I'm already at £354 for my next brick, but of course this will be scuppered by December's interest lump arriving. My downloaded mortgage statement shows 'interest charged in period shown' figure. This along with an estimated sum to the end of December means I can estimate we will be 1 square less again in red. Really excited for my £500 'bricks' for next year now .....   

Car insurance done. Can't find what I paid last year (I was still so disorganised then), but to insure for business use, with legal cover and courtesy car, fully comp has come out at £184 which I was quite pleased with. I have recorded the exact figure and a 'budget' of £200 to accrue for next year in my tracker.

No other significant MSE type news to report  

KK 

South_coast

That's an excellent amount on the car insurance! I was ridiculously over-excited when I got mine for £250 this year (inc business use and no legal cover), but then people do keep driving into me 🙄