Frugally paying the mortgage down

save_dog

Thank you @South_coast! Mr SD is going to contact them next year to ask to get out of the lease based on the low mileage but I'm doubtful they'll take us up. My parents suggested trying to buy the car from them early and then selling it ourselves. I hadn't even thought about asking them to reduce the mileage! Thank you - lots to think about!

Got some bits and bobs done off my list but still faced with a few boxes of stuff to either sell or give away. I just need to do it in short bursts I think to make it more manageable but it's one of those dull jobs I never want to do   

We're off out this afternoon to a birthday party. Going to have to take the baby - he won't take a bottle (or at least, wouldn't the last time I tried, which was months ago!) and I haven't left him for longer than a couple of hours yet, and he just hasn't enough milk for while I'm gone! But I'll take it - I feel like we're like ships in the night at the moment so it'll be nice to have some time to have a glass of wine or two even with the baby joining us toddler is staying with his Nan which he'll love! 

In MSE news, Prolific is *so* much more profitable when you have access to a laptop! Made about £20 yesterday and paid straight off the mortgage. Only a small amount but £20 I won't pay interest on again!

Hope you all have a wonderful Saturday and stay safe from the blustery conditions out there!

debtfreewannabe321

Congratulations on the bubba and the new home! How exciting! 🎉
I reckon there must be a way out of the lease...I'd be contacting them ASAP to ask. You might lose some money getting out but probably not as much as paying for it sat on your drive at full price for another year and a bit.

LadyWithAPlan

debtfreewannabe321 said:

Congratulations on the bubba and the new home! How exciting! 🎉
I reckon there must be a way out of the lease...I'd be contacting them ASAP to ask. You might lose some money getting out but probably not as much as paying for it sat on your drive at full price for another year and a bit.

Yes I agree - must be a way of getting out the lease at a cost less than paying £350 pm for 18 more months on an rarely used car 

congrats on the new home and the baby - looking forward to you taking that mortgage down and out  
are you tracking daily interest as a motivator - I haven’t bought yet still but it’s looking at at least £32-40 per day in interest as my mortgage will be £300k or £350k max plus I think 

save_dog

Hi @LadyWithAPlan! I am tracking my daily interest - I've finally just got around to updating my spreadsheet to see what the daily/weekly interest is after the move and it's a sickening amount to be honest! It's currently at £36.25 per day, £253.76 a week! The small amounts I'm paying off feel miniscule in comparison to the total balance but you've just got to keep keeping on haven't you.

All plans cancelled today as the littlest boy is full of cold, so I'm staying at home to keep him in the one heat and hopefully help him get over it. We have a busy weekend ahead of us so he needs a bit of a chance to get better!

I have a mountain of laundry to do (as always - it really is impossible to keep on top of!) and I'm going to try and get some things listed for sale/donation too.

Giving myself a bit of a plan so I have some structure:
- Put veggie chilli in the slow cooker
- Spend half an hour listing stuff for sale or donation
- Clean the kitchen
- Spend half an hour sorting through the laundry
- Clean the bathroom
- Clean the bedrooms

I'm going to try and get through some Prolific studies too but there haven't been too many for the last few days. Right, off to make a dent into this list before it's time for the biggest boy to come home! 

save_dog

As I’m not going out for lunch today, I’ve popped another £10 over to the mortgage 😅

LadyWithAPlan

£36.25 per day interest is the kind of amount that I can imagine you are determined to take down asap, I think whilst scary it may be the most motivating  figure to track...

Every £1 you OP  you will never ever  have to pay interest on ever again, so every little really helps.

As I am thinking of borrowing between £300k (£31.13 per day at current rates!) -£350k (£36.318 interest  per day ) I may try to keep mortgage  down as low as possible just to keep that daily interest figure start at something less scary ..