GAP and LMG, can we become mortgage free?

girlatplay

beanielou said:

Have to say as I am so much older than you I just go with what I like!

I just wasn't sure if I liked the colour after all.  LMG likes it and K says it will work so we will likely go for it.  As for the 1 or 4 walls, I'll let LMG make the final decision.  I'll do what I like in my room.

savingholmes said:

Well done on OP 

Enjoy your paint choices 

Thank you.


Our suite is to be delivered on Monday 15th so I'll need to get rearranging the livingroom to fit it in.  We'll probably need to paint after we get it, unless I can talk bf into helping me.  I have covers so it will be okay if we need to wait.

We ran out of milk this morning which is unusual for us as we normally have a good routine going with a new one in just before the old one runs out.  I told LMG I would walk to the local shop at lunchtime and pick up a milk there, to see their prices and get a feel for it.  Unless there is a dire emergency, it is safe to say that I will not be buying milk from the local shop again.  I'm all for shopping local
and supporting small businesses but their price of milk is just way beyond our budget.  I would swear it said £1.25 on the shelf as I purposely looked but when it went through the till it was £1.85.  It wasn't even the full 4 pint carton.  I know prices are going up but it is still cheaper in the supermarket at the moment.  There was a huge queue behind me so I didn't want to argue and I didn't have time to go back and check then stand in the queue again as I had to get back to work.  I just took the hit and learned the lesson.  At least I got some fresh air and exercise today.

There was either one very large or two small portions of chilli left over from lunch on Sunday so I split it into the two and I'm having one tonight with a large (for me) portion of rice and some sour cream.  One night either this week or next, when LMG is away, I'll have the other portion with a baked tatty.

LMG is going on holiday with her pals on Wednesday for a week so I'm working on a meal plan for just me through to Wednesday next week.  It was easier when I was solely responsible for funding the grocery budget but now that LMG is paying half I definitely need to be more restrained.  It's actually better as I am insisting on meal planning so that we don't go over budget.  The milk just slipped through the net.

Today's OP = £1

girlatplay

I've just logged into my OP account to check that today's payment went over (it did) and I've noticed that they've put the interest rate up to 2.05% from 1.83% so that's exciting.

savingholmes

Who is the account with that's gone up to 2.05%?

Sounds good. It would beat my mortgage rate at least.

Well done on the OPs and I feel you on the milk. I was short changed today by 20p but didn't want to argue.

joedenise

Maybe I've become a grumpy old woman but I query anything I think is wrong.  I'm a pensioner and can't afford to be diddled out of 20p or whatever.

girlatplay

savingholmes said:

Who is the account with that's gone up to 2.05%?

Sounds good. It would beat my mortgage rate at least.

Well done on the OPs and I feel you on the milk. I was short changed today by 20p but didn't want to argue.

It's Z0p@.  They have a banking licence now and don't do peer to peer lending anymore.  They do a smart saver instant access account which is currently 1.81% AER then you can boost your pot up to notice accounts which are (roughly) 1, 2 or 3 months' notice.  The longer the notice, the higher the interest rate.  I have the 3 months (95 days) notice account as I am keeping the money there for a while and I have just spotted that it's 2.05% AER which is up from 1.85% AER.  It's variable interest.

joedenise said:

Maybe I've become a grumpy old woman but I query anything I think is wrong.  I'm a pensioner and can't afford to be diddled out of 20p or whatever.

When I was paying off debt and really poor I always queried it (and always got it back as I was counting the pennies and knew it was wrong) but that was in a big supermarket where they had a separate customer services desk.  I couldn't bring myself to query it yesterday as there was a huge queue behind me and I don't know the area well.  It is the nearest convenience store for a lot of different housing areas without having to go into the town centre and everyone seems to know everyone so I didn't want to put myself in an awkward position, especially when I couldn't be sure I had looked at the right price tag.  If I have to shop in there again I'll check more carefully.

2Scratters

What a great start of the new adventure and putting those little bits by. The interest rates gong up is definitely the right way for savers and keeping things in check too is rewarded a little more. I am happy for you that you have a realisation of getting money sorted early enough. ( albeit probably forced on you at an earlier age)

savingholmes

Thanks GAP I'll investigate - altho the way energy is going - who knows what will happen moving forwards... All the more important to save when possible though.

girlatplay

2Scratters said:

What a great start of the new adventure and putting those little bits by. The interest rates gong up is definitely the right way for savers and keeping things in check too is rewarded a little more. I am happy for you that you have a realisation of getting money sorted early enough. ( albeit probably forced on you at an earlier age)

Hello, thank you for stopping in.
I was not a very sensible young adult in any way.  I made an enormous amount of mistakes and went down a lot of wrong paths.  I was 30 with a 7 year old and everything was crashing down around me, when I had my lightbulb moment.  I've come a long way since then.  I do find that coming here and posting regularly keeps me on track and money that would ordinarily get frittered without me even noticing gets noted and saved.  Savings interest rates increasing is a bonus.

savingholmes said:

Thanks GAP I'll investigate - altho the way energy is going - who knows what will happen moving forwards... All the more important to save when possible though.

It's frightening.  We've not had our first bill yet and I'm a bit worried.  My savings are to be in a position to buy LMG out if necessary.  I have to find money to put aside as I foresee that I will be the one having to do the buying out.


I don't think I'm going to find anymore money today so today's OP = £1

savingholmes

Those pounds add up. Well done.

EssexHebridean

Here, caught up and subscribed, and HAPPY NEW DIARY! I had a feeling you had to have started a new one when I saw how far down the bookmarked threads your last one was!

A thought on the OP's - can you agree with LMG that each time your savings reach a set level you will overpay that chunk off against the mortgage, and those amounts get kept an agreed log of and will then get added to your deposit" if that becomes needed down the line? My thinking is that by doing that you both get the benefit of the long term impact that overpaying has on the mortgage itself, and you personally also get the benefit of a little bit of interest while it's sitting in your savings account? You possibly wouldn't ant to do it too often, but perhaps each time it reached £200? or even £500? 

I'm truly delighted to hear how much you're still loving the new place, too!