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I do actually make the payment every day. I have the account details and just send it over as a bank transfer. I had to phone up about something once and the adviser was quite bemused about the many small paymentsLisa1978 said:
Hi, can you please explain how this works. Do you save up the amount in January ie £141 and then pay the lump off your mortgage or do you pay say £2/£3 a day? I didn't realise that I could do this on my mortgage!jwil said:Today's PAD £6 (survey cashout )
Jan - £141
Feb - £139
March - £89
April £149
May - £79
June - £270
July - £242
I think each company and deal is different so it's worth checking with your mortgage company. It's also worth being mindful of any overpayment penalties as well - I'm nowhere near my annual allowance so it's not an issue at the moment, but as the balance reduces, I'll need to be more careful. At some point I will probably switch to putting the payment into savings and earning interest, but I'm not at the stage where I'm confident I won't dip into it yet, so I'll continue paying it to the mortgage for now. "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee2 -
Hello everyone, we are back from a fabulous week exploring Edinburgh and the surrounding area and Northumberland. It's been a great week, and we've had loads of fun. We've also spent a lot but it was worth it. I'm tackling the ginormous washing mountain at the moment and will probably try and take stock of the financials tomorrow.
One thing I will note, the efforts I made to make sure I left the house clean and tidy were so worth it. It was lovely coming in, unpacking, and not feeling like I have loads to do. The house feels relatively calm and tidy.
"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee5 -
Glad that you had a good time making precious memories
I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.2 -
Excellent that you have had a good holiday. And that the holiday vibe has continued due to your efforts before xx despite all the washing Jan 18 Joint debts 35,213
Mortgage Jan 18- 77224 May 25- just under 65k
June 25 Debts in my name only £5170. DH can't keep track...2 -
Thank youbeanielou said:Glad that you had a good time making precious memories
Thank youNeverendingDMP said:Excellent that you have had a good holiday. And that the holiday vibe has continued due to your efforts before xx despite all the washing Washing mostly done now, and it's dry today so I can just chuck it out on the line and forget about it for a while. "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee1 -
I continued PAD-ing daily while I was away, but I can't be bothered to list it all separately, so my totals up to today are:Jan - £141
Feb - £139
March - £89
April £149
May - £79
June - £270
July - £253
August - £16"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee1 -
Your pads are awesome. 😎I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.1 -
Good to see you back and glad you have had a lovely break away xx2
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Pad looking fantasticJan 18 Joint debts 35,213
Mortgage Jan 18- 77224 May 25- just under 65k
June 25 Debts in my name only £5170. DH can't keep track...2 -
pennywisepoundstupid said:Good to see you back and glad you have had a lovely break away xx
Thank you bothNeverendingDMP said:Pad looking fantastic "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee1
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