My Mortgage Reduction and Savings Diary

setmefree2

gallygirl wrote: »

:beer:well done :beer:

:T:T

SmlSave

Well currently £200 away from this years savings target, with less than 1 month to go.

Yay:T Congratulations

Good news about council tax too

SuiDreams

Just rang BS approximate mortgage balance as of today is £23,820 so now sub £24K.

Update

Total Debt - £24875
Mortgage £23,820
0% loan £1055

Savings £4813

Net Debt £20,062

SuiDreams

I have done a few sums have had the mortgage for 9 years 5 months and have only paid off just under £10,000, but my aim now is to pay the remainder of the mortgage in just under 4 years so really need to work hard.

SuiDreams

Well good news when I got home today mortgage interest rate reducd to 2.5% from 1 April.

StuartGMC

Good to see some people are still benefiting from the interest rate cuts.

setmefree2

well done on all your progress :T

SuiDreams

Well getting my PRP Bonus this week, its about £650 after tax etc, some of this will pay off balance on Holiday and the rest will go into savings. Payrise was very small, so decided to pay my payrise into my pension, hopefully will be able to increase pension again next year. Will have reached savings target by the end of the tax year and will be aiming to save another £5000 next tax year. Next big thing to pay for will be a new garden table and chair set, will be going for a heavy wooden set this year as the last one was damaged due to the high winds.

SuiDreams

Well have opened a new First Direct Regular saver ISA for this years ISA savings, Application to transfer last years First Direct ISA to Natwest has been submitted, Thinking of opening the Barclays Monthly saver to replace Halifax 10% regular saver which ends in a couple of moths but you need to go to the Branch to apply for it. Hopefully will get chance to go down and do this shortly. Feel quite organised already for this years savings.

SuiDreams

First Pay of the new Tax year arrived in my Bank account today (not recieved my payslip yet, must be stuck in the post) and this amounted to an increase of £29 a month mainly due to new personal allowances for this year as most of my payrise went on increasing pension payments. Still waiting for Natwest E-ISA to be opened and money transferred across from old ISA's. Looking forward to next years challenge of getting £5,100 in an ISA.