What to do with the money while i'm saving to be mortgage free?

We've recently had to set up an IVA after a few years of living beyond our means as we only had one wage while I was home looking after the kids.

My youngest goes to school in September & I am off back to work(after 7 years away :eek: ) I have an interview next week, which sounds really hopefull & pays a brilliant £9 per hour.

We are now used to living on just hubbies wage & I am working hard budgeting to save £100 per month from that.

So my wage is going to be a big lump of extra cash, I am going to put half of it into one savings account to be used to pay off creditors in a lump sum every six months, but the other half I would like to save & put towards paying off the mortgage.

I phoned One Account to see if I could do that, but we cant because of the IVA. So this pot of savings is going to be adding up for 10 years at least I would think, whats the best thing for me to do with it?