Tips on getting through every day without spending a penny !

Di-Dough

lauren565 wrote: »

yes well thanks to me we have no loans, credit cards, just a mortgage. If he was in control of our finances, we'd be in dire straights. Thanks for asking

I think your doing a great job - not many people can say they have no debt apart from the mortgage:T Keep up the good work

Di

summerday

Sounds like you're doing really well Lauren and will pay off the mortgage quickly. Can't really think of many more tips for you, except for presents and cards I buy as many presents in the sales as possible, I also look through the cheap shops like pound shops as they can have really nice cards 4 for £1, I stock up for all occasions birthdays, weddings, get well, new home so I always have what I need when an occasion crops up, rather than making a special trip and the way overpriced cards in most shops.Keep up the good work, Sarah x

02skn

Di-Dough wrote: »

I think your doing a great job - not many people can say they have no debt apart from the mortgage:T Keep up the good work

Di

We also have no debt apart from our mortgage. Our children have just been to a lovely party at a fun factory. We can still afford nice holidays and overpayments on our mortgage. Its all about getting a balance with life and your yearning to be mortgage free!

lauren565

well im 27 years old now and husband 28, and i want it gone by 35. That would be my dream wish because im very worried for my children how on earth they will get on the property ladder. So when the mortgage is gone, we will then be able to save very hard for their deposits when they move out. Thats my plan anyway.

I am quite surprised at the sour comments.... but then again, theres always a few with their claws out anywhere you go, eh? But thanks to the nice people on here. I havent used this board before a few days ago and most are friendly and lovely people so thanks xxxx Lauren

02skn

lauren565 wrote: »

well im 27 years old now and husband 28, and i want it gone by 35. That would be my dream wish because im very worried for my children how on earth they will get on the property ladder. So when the mortgage is gone, we will then be able to save very hard for their deposits when they move out. Thats my plan anyway.

I am quite surprised at the sour comments.... but then again, theres always a few with their claws out anywhere you go, eh? But thanks to the nice people on here. I havent used this board before a few days ago and most are friendly and lovely people so thanks xxxx Lauren

Sour comments maybe. I think it is more that some people are shocked at the lengths some people will go to to clear their mortgage. Good on you if it suits you.

Snazzy

For the lottery, you can play by direct debit so you wouldn't even have to go to the shop. I used to put a pound on every Saturday doing this until I decided it was a waste of time and stuck £100 in Premium Bonds instead. I can get the money back at any time but still have the chance of a large win.

Di-Dough

02skn wrote: »

Sour comments maybe. I think it is more that some people are shocked at the lengths some people will go to to clear their mortgage. Good on you if it suits you.

Whats to be shocked at? From what the OP is saying I think she is just being sensible cutting back on things that are NOT a necessity and stopping wasteage - sounds like common sense to me and if it helps pay off the mortgage good for her.

bellsbells

Something I do is do an immediate transfer of any extra money I get hold of over to a savings account. For example, when I get a £10 Boots voucher from pigsback I transfer £10 into my savings account straight away. That way I am not tempted to spend the voucher on anything other than essentials as I would then be £10 'down'. Does that make sense?? The other thing I tend to do is round up - so if I am doing a transfer for £23 into my savings I would round it up to £25...... they are only small amounts but they add up!

02skn

Di-Dough wrote: »

Whats to be shocked at? From what the OP is saying I think she is just being sensible cutting back on things that are NOT a necessity and stopping wasteage - sounds like common sense to me and if it helps pay off the mortgage good for her.

Yes good for her. But live a little. She is still young and so are her children. Will she look back in six or seven years time when the mortgage is paid off and wonder where all those years went. This is just my point of view and if what she is doing is good for her then thats all that counts.

groatie_queen

02skn wrote: »

We also have no debt apart from our mortgage. Our children have just been to a lovely party at a fun factory. We can still afford nice holidays and overpayments on our mortgage. Its all about getting a balance with life and your yearning to be mortgage free!

Remember, it also depends what your income is..... I would rather be (and am) debt free too. I'm aghast when I hear how much of an event (money-extracting usually) chidren's parties have become, and of the pressure for presents, goody bags etc.. If children are in a large class, the costs soon add up, whether as the giver of the party or the invited guest. Op's kids maybe don't like parties anyway - not all kids like being in a crowd. There are less expensive ways of being with their special friends on their birthday! And takes the commercial pressure out of it. E.g. one or two invited to share the family meal and to watch a DVD.

My kids were at primary school in the early 80's, before party inflation struck!! Even then, the cost of a kids' party held in the house with sandwiches, sausage rolls, icecream, etc, a few prizes for games and a home made birthday cake was a noticeable addition to the weekly shop. The whole class were never invited, and that was ok - max was set at 8.

If in years to come the paid off mortgage allows the OP to better help to maintain the kids at college / university / set up their own home, it will all have been well worth the effort just now.

Money saving tips - don't keep up with the Jones!!


GQ