The Three C's - Coffee, Clothes & Credit Cards

Chocolatefund

Sarahwithlove said:

LzzyIsGod said:

I like the idea of being DF at 40 (my aim is slightly older sadly at 50) it would be a massive accomplishment! But I can see the appeal of debt neutral....... having money actually in the bank is very comforting.

I think debt neutral is more a realistic target for me but I'd love to be debt free. Who knows what will happen in the next 3.5 years. I just know the time will fly by very quickly. 

Ahhh, money decisions, decisions!

Personally, I would aim to be debt free first.  You have shifted some of your debt to your dad.  It will always be a mental string tugging at the back of your mind.  Get that dad loan out of your life.

We seem to have an unhealthy obsession in this country with overpaying the mortgage.  Even at the expense of debts and no/little emergency fund.  

Of course, I’ll always be bias to ‘busting the debt before 40’. 

Sorry, couldn’t resist.   

Sarahwithlove

Chocolatefund said:

Sarahwithlove said:

LzzyIsGod said:

I like the idea of being DF at 40 (my aim is slightly older sadly at 50) it would be a massive accomplishment! But I can see the appeal of debt neutral....... having money actually in the bank is very comforting.

I think debt neutral is more a realistic target for me but I'd love to be debt free. Who knows what will happen in the next 3.5 years. I just know the time will fly by very quickly. 

Ahhh, money decisions, decisions!

Personally, I would aim to be debt free first.  You have shifted some of your debt to your dad.  It will always be a mental string tugging at the back of your mind.  Get that dad loan out of your life.

We seem to have an unhealthy obsession in this country with overpaying the mortgage.  Even at the expense of debts and no/little emergency fund.  

Of course, I’ll always be bias to ‘busting the debt before 40’. 

Sorry, couldn’t resist.   

I do want it gone, if only to free up the £100 a month. But the mortgage OP is only £38 a month and I can just see it being absorbed into my budget rather than being saved. So for now im gonna keep it as an OP and review it regularly. 

I have a £1k emergency fund, a regularly funded sinking Fund and trying to have a savings buffer as well. So I think it's good to get a balance of it all. 

Chocolatefund

Sarahwithlove said:

Chocolatefund said:

Sarahwithlove said:

LzzyIsGod said:

I like the idea of being DF at 40 (my aim is slightly older sadly at 50) it would be a massive accomplishment! But I can see the appeal of debt neutral....... having money actually in the bank is very comforting.

I think debt neutral is more a realistic target for me but I'd love to be debt free. Who knows what will happen in the next 3.5 years. I just know the time will fly by very quickly. 

Ahhh, money decisions, decisions!

Personally, I would aim to be debt free first.  You have shifted some of your debt to your dad.  It will always be a mental string tugging at the back of your mind.  Get that dad loan out of your life.

We seem to have an unhealthy obsession in this country with overpaying the mortgage.  Even at the expense of debts and no/little emergency fund.  

Of course, I’ll always be bias to ‘busting the debt before 40’. 

Sorry, couldn’t resist.   

I do want it gone, if only to free up the £100 a month. But the mortgage OP is only £38 a month and I can just see it being absorbed into my budget rather than being saved. So for now im gonna keep it as an OP and review it regularly. 

I have a £1k emergency fund, a regularly funded sinking Fund and trying to have a savings buffer as well. So I think it's good to get a balance of it all. 

Fair doos.  An extra £38 to knock off 5 years is a pretty good deal.

Mine?  Rounding it up to nearest 100 is an extra £60 a month and will only knock off two years.

Meh…

Sarahwithlove

Chocolatefund said:

Sarahwithlove said:

Chocolatefund said:

Sarahwithlove said:

LzzyIsGod said:

I like the idea of being DF at 40 (my aim is slightly older sadly at 50) it would be a massive accomplishment! But I can see the appeal of debt neutral....... having money actually in the bank is very comforting.

I think debt neutral is more a realistic target for me but I'd love to be debt free. Who knows what will happen in the next 3.5 years. I just know the time will fly by very quickly. 

Ahhh, money decisions, decisions!

Personally, I would aim to be debt free first.  You have shifted some of your debt to your dad.  It will always be a mental string tugging at the back of your mind.  Get that dad loan out of your life.

We seem to have an unhealthy obsession in this country with overpaying the mortgage.  Even at the expense of debts and no/little emergency fund.  

Of course, I’ll always be bias to ‘busting the debt before 40’. 

Sorry, couldn’t resist.   

I do want it gone, if only to free up the £100 a month. But the mortgage OP is only £38 a month and I can just see it being absorbed into my budget rather than being saved. So for now im gonna keep it as an OP and review it regularly. 

I have a £1k emergency fund, a regularly funded sinking Fund and trying to have a savings buffer as well. So I think it's good to get a balance of it all. 

Fair doos.  An extra £38 to knock off 5 years is a pretty good deal.

Mine?  Rounding it up to nearest 100 is an extra £60 a month and will only knock off two years.

Meh…

I think it's only because of how long I still have left on my mortgage that it knocks so much off. 

Sarahwithlove

Happy July. This first week feels like it's gone so quickly and been so expensive. 

All the bills except one has come out, I decided against doing the small mortgage overpayment for now. Im debating restarting my gym membership at my old gym where I used to go before and would go more regularly. But not 100% decided on it yet. Im waiting to see if my back improves following my GP appointment today. If not then I'll use it to fund an extra massage. 

it's important to get a good balance between living and saving. My pain levels are stopping me doing much living so I need to find a way to improve that. Massages help and I'm being referred for physio as well. 

Humdinger1

Sending gentle hugs @Sarahwithlove.  Does movement in water with a woggle help? Love Humdinger xx 

Sarahwithlove

Humdinger1 said:

Sending gentle hugs @Sarahwithlove.  Does movement in water with a woggle help? Love Humdinger xx 

Thanks i haven't tried moving in water yet. But I imagine it probably would help. 

Sarahwithlove

Half way through the month and it's been an expensive one so far. I've been doing alot of mindless spending which has left me with a very tight budget for the rest of the month. Good news is it has stopped me doing anymore mindless spending so suppose thats something. Just hope I have enough left to get me through. 

Car had its MOT and service, it had some advisories which I went ahead and got done. Mostly because they advised not leaving it too long so decided as they have it and I have the money saved let's get it done. £497 in total which I put on my Natwest credit card as its still 0% until December. I paid off the £97 and have set up £100 per month for next 4 months to clear it instead of into my savings. That way I still have £1k in savings which can gain a small bit of interest and i have the peace of mind knowing its there. I will still have the £250 a month spare to go into my sinking funds so it won't effect that. 

I'm not feeling too good at the moment, back and shoulders still causing issues. Painkillers given by doctor are helping but not sure it's getting to the route of the problem. I also seem to have a very temperamental tummy at the moment but think that could be the meds. 

I've gotten back into calorie counting again, the scales gave me a shock and it seems to have helped. I did debate going back to SW but I really struggle with the plan. I just need to try and move more now. 

Newstartforme

Hope you are feeling a bit better and your back is improving x

Sarahwithlove

Newstartforme said:

Hope you are feeling a bit better and your back is improving x

Thank you. Im slowly getting better, but have good and bad days.