Mortgage free with speed.

floorspeed_2

Well today I over paid another £250 on the Morgan. Total of £352 interest saved over the full term. I know it may sound silly to mention the amount saved but that’s a reality and it could be higher when I come off my fixed rate. 

No over time this weekend, just a games night planned for tonight and I get my laser eye consultation on Saturday and a Sunday roast out on Sunday. Personally I wanted to work Sunday but my partner didn’t want me too. I know she looks out for me but I am willing to get the money in and get things paid for and look at the bigger picture and direction we need to head in. 

Next week will be a smaller over payment as all my bills will be coming out. 

I hope everyone has a good weekend but will update on my laser eye surgery details maybe on Monday

take care all 

floorspeed_2

Well a very interesting appointment for my laser eye surgery consultation, i can’t have it done until I am 36 and it will cost 8k. I have to be honest here and say yes I could save for it but unless my financial position changes I can’t really see me justifying such a large expenditure. 

On the flip side I sign my new contract for a permanent position where I work which is a big positive, i currently have 2.5k in holiday after tax that will be paid to me.

me and my partner had a lovely Sunday roast out and Ben and Jerry’s ice cream from the store at home, they are currently asleep including my daughter. A little me time now and play some games I think.

will update payments on Friday as I was naughty yesterday and bought some silver trinkets and coins. 

Take care 

floorspeed

Debsnewbudget

Congratulations on getting the job, will you get a payrise with it?

floorspeed_2

@Debsnewbudget
 I will get a extra bonus each year which is basically a incentive to attend work and that’s paid every December it’s not a lot much I wouldn’t say no to £300 approx.

the real perks are sick leave, I have never in 3 years taken a sick day but I am glad I will have some to fall back on in the unlikely event I need to take them.

opens up the door way for a career there, my boss want me to progress and so do I, so more money comes with a change in position pretty quickly as I continue to learn aspects of the job. The first step upwards is only I think a extra £1 a hour but the next position is more and thats what I am aiming for in the short term. 

There is also a performance bonus which is paid to everyone so that’s another £900 in July some time.

I think for me I am just glad I feel I am getting somewhere now

thanks for commenting and reading too.

beanielou

Good news on the job. 

floorspeed_2

thanks @beanielou. 

I have made another £84 over payment today which came from over saving for my insurance which I have had the slightest of problems with when paying online so I was asked to call up and they wanted a extra £20 for the privilege so I hung up on them and sent them a email explaining the situation.

the reply came today saying to call up again as they will wavier the extra £20 charge for phoning. I shopped around a lot trying to find the cheapest car insurance and that was £437.

I don’t know if I will make any more over payments this month but I am not settling on the total right now but it stands at £1584. 

When I get my holiday money I am looking forward to paying over £1000 because they will have to recalculate my interest and term of the mortgage so it kind of feels like I am fighting a battle and winning with better terms in a sense.

My permanent position starts on the 1st of November so I may need to wait out being paid for a little while, at the moment I am unsure how long but my partner has money if we need to cover a few things and I can pay her back if I need too. 

My emergency fund is now only £500 so I would like to get that back up and some more savings in my car repair fund for when my mot is due in February. 

I am working this Sunday so that’s a extra £210 towards my goals. My partner is finding it hard with me working most of the week but the only way to improve are situation and have a good work life balance is to do what we are doing at the moment me only work 2 Sundays a month approximately. 

Booked my Christmas leave which is 12 days total, not too bad but what is also good about my new position is that I can purchase a extra weeks leave for next year which comes out of my wages over the 12 months so I am definitely going to take that for next summer.

anyways as always thanks for reading and I hope you are all following and achieving you’re goals 

speed out

floorspeed_2

Over payment of £150 which saves £211 over the term of the Morgan. 

Next week I will have a much larger payment for overtime and holiday money which means my next pay day won't be until the 20th of each month here on out. Sadly I may not be as active but I may pay myself each week to manage my funds so I don't accidently over spend or over pay what I can't afford 

With that being said I might do micro over payments where savings have been made by myself.

I will now also have to support my partner financially as her maternity leave pay is over now. That will be approximately £600 I ll have to give her each month.

If there are any wise people out there where we could both benefit from anything in regards to are position that would be welcomed. I earn approximately £3k take home each month so I am aware benefits are out the question but if there is some sort of tax break me or my partner can get when she no longer has a job that would be welcomed and any advice or guidance would be helpful

Speed out! 

floorspeed_2

Small over payment of £34.54 today, I did that just as a small micro punch in the Morgan. Saved £51 in interest over the term.

Just waiting for my last pay check on Thursday next week. 👍 see what damage I can do then, like a mortal combat combo attack on the Morgan 

Speed out

floorspeed_2

Well I did my calculations wrong, so my banked holiday hours that we're paid to me were 70 hours less due to taking those as holiday in September. That's the same time I asked what my banked hours were. That they were not deducted when I asked strangely enough.

Anyways my pay was £2057 and I paid off 2 of my partners cards so she isn't paying any interest anymore on those that are remaining.

I have some buffer money in my direct debt account £600 for bills and some in my normal day to day spend of about £300 I also topped up my baby savings fund with £120 so I am even now.

Basically this means I won't make a over payment on my mortgage until I know what I am getting paid on the 20th of this month. Fingers crossed I gave the right bank details.

I feel slightly let down with not making a overpayment and miscalculating my holiday pay but I am sure I ll make an nice lump sum when I get paid in my new role.

Have a good weekend 

Speed out! 

LadyWithAPlan

Good to see your focus on the OPs even with a young family and I am sure its v motivating to see how much your are saving on interest on the OPs.
I dont know much re help on that but think the Citziens advice bureau may have some ideas? Or look on this MSE site on benefits etc.

I think the way you are going Morgan is being moved out in extra quick time!