📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Turning Straw into Gold: Creating Long Term Security & A Solid Home

1…2425272930…82

Comments

  • MillQueen
    MillQueen Posts: 585
    500 Posts Name Dropper Photogenic
    Forumite

    @Dakota_Rose, that sounds lovely! 😍 Mine is pink for paid off too.

    Hopefully it will feel like it starts to go down faster soon for you. I think it's really hard to feel excited about paying down the mortgage in the first few years, as it goes at such a slow pace. Mine is still at the point where the interest is about £1000 each month and less than £300 is coming off the capital.

    Updated last day of the month… reducing debt and improving wealth…

    Mortgage (5.24%): starting at -£222,469 (Jan 26) now at -£219,350 (Nov 26)

    Postgrad Loan (6%): starting at -£8,974 (Jan 26) now at -£6,900 (Nov 26)

    Personal Loan (6.4%): starting at -£11,466 (Jan 26) now at -£8,900 (Nov 26)

    Emergency Fund: starting at £5,511 (Jan 26) now at £2,650 (Nov 26)

    Jan 27 Tax Fund: £3,000 / £3,298 (Nov 26)

    Net Debt: starting at -£203,926 (Sep 26) now at -£201,700 (Nov 26)

  • Rhyddid2026
    Rhyddid2026 Posts: 1,618
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Forumite

    I was thinking roof tiles. My roof loan cost me 12k and I currently owe about 6,700 so I almost owe one whole side of the roof which is quite exciting!

    Debts                04/01/25       01/11/26  
    CC total             £20,411.34    £13,370
    OD                     £1100            £0
    Car loan             £4,000          £2,100
    Roof loan           £10,684.44    £0
    Total                  £36,195.78    £15,470
    EF £5,000
    HF £0.52
    EB £240
  • FootyFanDan
    FootyFanDan Posts: 2,299
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Forumite
  • MillQueen
    MillQueen Posts: 585
    500 Posts Name Dropper Photogenic
    Forumite

    Love the roof tiles idea, @Rhyddid2026, that sounds enjoyable to colour in. How much will each tile be? I'll have to do that as well when I get my whole roof done at some point, if I am still here in this house at a later date. @FootyFanDan, it could also be adapted for saving for a house deposit if you are doing one…

    I have not been very productive today and must now have a couple of extreme productive hours before bed.

    A good thing is that I haven't spent any money.

    Updated last day of the month… reducing debt and improving wealth…

    Mortgage (5.24%): starting at -£222,469 (Jan 26) now at -£219,350 (Nov 26)

    Postgrad Loan (6%): starting at -£8,974 (Jan 26) now at -£6,900 (Nov 26)

    Personal Loan (6.4%): starting at -£11,466 (Jan 26) now at -£8,900 (Nov 26)

    Emergency Fund: starting at £5,511 (Jan 26) now at £2,650 (Nov 26)

    Jan 27 Tax Fund: £3,000 / £3,298 (Nov 26)

    Net Debt: starting at -£203,926 (Sep 26) now at -£201,700 (Nov 26)

  • MillQueen
    MillQueen Posts: 585
    500 Posts Name Dropper Photogenic
    Forumite

    I began today with a small spend on a cup of tea from the machine at work, which felt ok for my budget since I didn't end up buying anything at all over the weekend. This was because I had to throw away the mug from my desk as it was in such bad shape. Not very MSE of me, but the mug was free in the first place, so perhaps the universe will gift me another. I am having lunch in the canteen with a friend today and I am going to offer to pay for us both, as I can't remember who paid last time. We'll have to do the "no I'll pay, no it's my turn, put your money away, no I'll get this, no I insist" argument. I am going to do 3 hours of concentration now.

    😑 determined face - need to get back on track.

    Updated last day of the month… reducing debt and improving wealth…

    Mortgage (5.24%): starting at -£222,469 (Jan 26) now at -£219,350 (Nov 26)

    Postgrad Loan (6%): starting at -£8,974 (Jan 26) now at -£6,900 (Nov 26)

    Personal Loan (6.4%): starting at -£11,466 (Jan 26) now at -£8,900 (Nov 26)

    Emergency Fund: starting at £5,511 (Jan 26) now at £2,650 (Nov 26)

    Jan 27 Tax Fund: £3,000 / £3,298 (Nov 26)

    Net Debt: starting at -£203,926 (Sep 26) now at -£201,700 (Nov 26)

  • Dakota_Rose
    Dakota_Rose Posts: 973
    500 Posts Name Dropper Photogenic
    Forumite

    That’s really good news about the training offer. Well done for self-advocating!

    PBs £3050 (including £1k EF, £1k Christmas & £1050 Little Dreams pot)

    24/26 books for 2026

    Take the time to find the joy in each day

★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.9K Banking & Borrowing
  • 255K Reduce Debt & Boost Income
  • 456.2K Spending & Discounts
  • 248.4K Work, Benefits & Business
  • 606.1K Mortgages, Homes & Bills
  • 179.1K Life & Family
  • 263.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards
Quick Search

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.