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  • FIRST POST
    • newgirly
    • By newgirly 15th Apr 10, 11:02 PM
    • 6,892Posts
    • 47,632Thanks
    newgirly
    Pay off mortgage and start having fun!
    • #1
    • 15th Apr 10, 11:02 PM
    Pay off mortgage and start having fun! 15th Apr 10 at 11:02 PM
    I have been reading other peoples posts for a while,trying to get myself in the right frame of mind to start overpaying on the mortage.DH and I have a house worth about £220,000 with a mortgage of £159,000 although we only paid £120,000 for it (£93,000 mortgage) to start. So as you can see we have been not so great in the past! Last year we also owed about £20,000 on credit cards which is now down to £10,000. I really want to get rid of the mortgage before our youngest turn 18, the twins are nearly 10 now. So any words of encouragement would be great, I need keeping on the straight and narrow.

    Xmas paid for by saving £1 a day minimum in a sealed tin, plus homemade/sale stuff.
    Birthdays now in monthly budget, plus extra vouchers earned

    I am taking part in the earn £2012 in 2012 challenge on the up your income board, so whatever earned from that will be split between op's and holidays fingers crossed.

    Budget from may 2012 onwards:

    income.................2092.00
    child benefit..........188.60
    child tax cr..............0 no longer!
    total....................£2280.60

    mobiles x 2...........32.00
    tv licence..............12.37
    elec/gas................140.00
    water....................60.00
    council tax............125.83
    home insurance.......11.83
    pension..................21.90
    life ins....................15.17
    sky ........................21.00
    car tax....................15.83
    car ins.....................22.00
    car maintenance.........8.33
    petrol.......................60.00

    school dinners............48.00 (1 dinner/1 bacon sarnie each pw)
    pocket money.............20.00
    clothes.......................30.00
    birthdays....................50.00

    grocery.......................250.00
    (food/pets/cleaning)
    DH's money.................100.00
    0%cc ................................32.35
    mortgage interest.........425.00
    mortage overpayment....778.39


    money in: £2280.60
    money out:£2280.60







    This Forum Tip was included in MoneySavingExpert's weekly email

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    Last edited by newgirly; 16-03-2012 at 12:47 PM.
Page 402
    • XSpender
    • By XSpender 21st Oct 19, 1:25 PM
    • 3,432 Posts
    • 35,086 Thanks
    XSpender
    Wow, that is some weight loss. I'm about 2 stone heavier than 3 years ago
    • gallygirl
    • By gallygirl 21st Oct 19, 1:58 PM
    • 16,783 Posts
    • 110,598 Thanks
    gallygirl
    Wow, that is some weight loss. I'm about 2 stone heavier than 3 years ago
    Originally posted by XSpender
    I wanted to lose two stone.

    Just three stone to go .
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • newgirly
    • By newgirly 21st Oct 19, 9:20 PM
    • 6,892 Posts
    • 47,632 Thanks
    newgirly
    you are funny GG

    Hi xspender, I feel your pain as Iíve been up and down like a yo-yo for what feels like forever. Since Iíve quit weightwatchers and counted cals for a while (given up now) I feel less stressed about it all, stopping drinking has helped a lot too, not just the alcohol calories but the eating more the next day

    Two weeks tomorrow since I did a ďbig shopĒ and Iím working my way through stuff in the kitchen, there might be a mutiny soon though if thereís no snacks again tomorrow night. My oldstyle ideas of baking stuff to cheaply fill them up whilst making me feel like a 1950ís wife is not really working. Nobody touched the apple crumble except me, and ds2 snacked on a pot noodle after his dinner

    We are shifting bake-off night to weds this week as dds boyfriend is out Tuesday. Last weeks episode didnít give much away theme wise, it seemed to be a bit mixed if I recall? Iím thinking of ignoring the theme and repeating bread week as it was so good, chilli bread, French bread, rosemary bread ,oil and balsamic, garlic and herb cheese and olives

    Oops Iíve been just remembered this is a mf diary so Iím committing to a £2 Tilly today right now
    MFW 21

    £73,885.09 left -target £10k/ £7,110.95 in 2019
    • newgirly
    • By newgirly 22nd Oct 19, 9:30 PM
    • 6,892 Posts
    • 47,632 Thanks
    newgirly
    Bed at 8.30 for me tonight, work is tiring Stopped off at tesc@ on the way home to do some “pumpkin picking” with ds2 only bought six this year, so fairly restrained for us total cost £8 plus £51 on food, budget still just about on track although I’ve spent tomorrow’s £20 already on petrol.

    I’m working an extra day next week again, i’m sure what to do with the extra, I’m thinking a small treat and the rest off the mortgage
    MFW 21

    £73,885.09 left -target £10k/ £7,110.95 in 2019
    • SmlSave
    • By SmlSave 23rd Oct 19, 8:24 PM
    • 4,731 Posts
    • 16,697 Thanks
    SmlSave
    six pumpkins?

    I'm imagining either a lot of pumpkin pie or a completely decked out Halloween house party.
    Currently studying for a Diploma - wish me luck

    Phase 1 - Emergency Fund - Complete
    Phase 2 - £20,000 Mortgage Fund - Underway
    • newgirly
    • By newgirly 23rd Oct 19, 10:46 PM
    • 6,892 Posts
    • 47,632 Thanks
    newgirly
    Shockingly Iíve never made a pumpkin pie we may be having a pizza eating /Shaun of the dead watching pumpkin carving afternoon Sunday as well as a do on Saturday 2nd (only a small family do mind) so we need lots of pumpkins

    Fab day today as ds 1 has finally been offered a permanent contract for his job on more money which he really enjoys

    Bit of a spendy day today, but one Iím pleased with - we have booked (another ) cruise, this time for April 2021, the fjords again but on a new ship. It was a fantastic price £629 pp for a week for a balcony, this year my parents paid £1500 each for the same thing. They want to come again, but the really great news is two of the kids want to come too sadly ds1 said I couldínt pay him to go (festivals are more his thing) and both kids and partners are paying for themselves too

    Dh has paid the deposit of £32 each and I need to find £2.64 per day to pay for us both by jan 2021, unless it comes from the holiday fund.

    Itís an unplanned spend but Iíd seen it at the weekend on presale and they were released for sale today, the price did actually shoot up at 10am so we have done well to get it so cheap, plus I loved Norway and wanted to go back

    £3.13 op made from topcashback today.
    MFW 21

    £73,885.09 left -target £10k/ £7,110.95 in 2019
    • Moneyfordreams
    • By Moneyfordreams 24th Oct 19, 6:27 AM
    • 1,517 Posts
    • 7,155 Thanks
    Moneyfordreams
    That's a great price. I would love to see the Fjords. Fab breaking it down into daily costs thss than a costa
    Mortgage restart June 2018 £119950
    Re mortgage August 19 £110470, HSBC £3500cc, Hfx £6700, NW £5750 M&S £1200, car £5500.
    CC 17150 , it's coming down
    • themadvix
    • By themadvix 24th Oct 19, 6:46 AM
    • 2,602 Posts
    • 14,339 Thanks
    themadvix
    Great news about DS1’s job!

    Can I ask why the cruise money wouldn’t come from the holiday fund?! If it does then surely you’ll have more money to OP with!
    • newgirly
    • By newgirly 24th Oct 19, 7:56 AM
    • 6,892 Posts
    • 47,632 Thanks
    newgirly
    Thanks mfdís, itís lucky timing really, I should try and remember when each season of cruises are released as it make a big difference on random cruises sometimes, other dates were quite a bit dearer.

    Hi Vix, Iím just itching to be a bit more mean with the holiday fund and overpay it instead, I guess itís swings and roundabouts anyway really

    Day off today Going on the hunt for Xmas gift bags, hopefully will get a few £1 for 4 gold ones from the card factory again this year, Iím seriously considering wrapping a few bits and boxing them up soon, plus on the hunt for nice Xmas cards, Iíve been over frugal and bought a big value box as they were retro looking, but it turns out they were not kitsch, just cheap and bendy
    MFW 21

    £73,885.09 left -target £10k/ £7,110.95 in 2019
    • cookie9
    • By cookie9 25th Oct 19, 8:36 AM
    • 750 Posts
    • 3,718 Thanks
    cookie9
    The holiday sounds lovely. So nice to have something to look forward too.
    I feel your pain re 1950's housewife baking as I end up eating most of it myself and the rest of the family eat shop bought things.
    MFW 91 op 2014 £410/1000
    MFW 91 op 2015 £4051/4000
    MFW 91 op 2016 £4040/4000
    MFW 91 op 2017 £812/4500
    • newgirly
    • By newgirly 25th Oct 19, 9:30 AM
    • 6,892 Posts
    • 47,632 Thanks
    newgirly
    Hi cookie9, itís annoying isnít it! Mine were even like that as kids, maybe itís my cooking though

    Was hoping it was payday today but sadly itís not, I will still check all the finances and have a look at the spreadsheet and have a play about with the mortgage end date. I feel like (aside from a holiday) spending has been a lot lower lately, due to trying to live on less and pay for dds graduation meal from the normal budget so I can keep hold of my secret cash savings envelope, itís going well and hopefully I wonít have to dip into the cash

    Next doors son smashed half our front garden wall last week, half of the whole wall actually, which had only had repaired last year, his mum must be away I guess as Iíve not seen her. Hopefully it will be fixed ASAP, Shen is the same neighbour that came asking for money for a new gazebo as when we had the loft conversion the builders made a (tiny) hole in her very cheap one, i of course paid (more than a cheap replacement in my opinion) but never saw a new gazebo so Iím expecting an apology and prompt repair!
    MFW 21

    £73,885.09 left -target £10k/ £7,110.95 in 2019
    • themadvix
    • By themadvix 25th Oct 19, 10:01 AM
    • 2,602 Posts
    • 14,339 Thanks
    themadvix
    Ah, I see re the holiday fund - and there I was ready to accuse you of wanting to spend that on another holiday! (Perhaps that's just me though?!)

    I hope you get the apology and repair, but by the sound of it I wouldn't hold your breath!
    • newgirly
    • By newgirly 25th Oct 19, 12:42 PM
    • 6,892 Posts
    • 47,632 Thanks
    newgirly
    Oh no that does sound like something I would do
    MFW 21

    £73,885.09 left -target £10k/ £7,110.95 in 2019
    • CathT
    • By CathT 26th Oct 19, 8:41 AM
    • 6,253 Posts
    • 43,427 Thanks
    CathT
    I really need to make a start on Christmas preparations. It really feels like the rest of the year is going to fly once we hit November.

    I like the idea of breaking your holiday down into daily costs too. Sounds like you found a great deal so enjoy it.
    Nov 2019 - part 1 - £66,153 part 2 - £42,004
    Total - £108,157 96 months to go!
    • Radish72
    • By Radish72 26th Oct 19, 10:58 AM
    • 1,877 Posts
    • 11,687 Thanks
    Radish72
    Hi Newgirly

    I do remember you and have now subscribed to your diary

    I never really went away I just stopped posting, as I read everyone's diary's in the morning whilst eating breakfast before work so only have one hand free

    Excellent deal on the cruise, we are thinking of going on one next year , probably for a week so see if we like it
    Mortgage Aug 12 £165K, Aug 19 £0
    OP's in 2019 £21000
    ISA challenge start 2019 £3000/£1500 (50%)
    • newgirly
    • By newgirly 26th Oct 19, 9:11 PM
    • 6,892 Posts
    • 47,632 Thanks
    newgirly
    Hi Cath, this year has just gone by so quickly hasnít it

    Hi Radish, great to see you where are u thinking of going, anywhere in particular?

    Busy day for a Saturday, met best friend for lunch in c@sta, went shopping in my own in the morning and the did a food shop in the afternoon with dh after he finished work. No proper food, just pizzas and naughty Halloween things

    Bought a few bits for a Xmas eve hamper, keeping it simple though as the boys are not interested anymore so have switched the Xmas mugs to xmas beer glasses with Santa on on 90p each from asda, a few mugs and some £4 Xmas T-shirtís which will be going back as ds2 spotted one and said he refuses to wear it and so will his brother, I doní t know why Iím still trying really

    Dinner was a takeout curry paid for dh and a whole large tube of smarties meant for the xmas eve hamper, to myself. Now feeling quite sick and have gone to bed to lie very still

    Token op of £5 made today from current account which hasnít been checked and I donít know if Iím ahead or behind on the £20 a day challenge.
    MFW 21

    £73,885.09 left -target £10k/ £7,110.95 in 2019
    • CathT
    • By CathT 28th Oct 19, 7:40 AM
    • 6,253 Posts
    • 43,427 Thanks
    CathT
    Oh that chocolate over indulge nausea is not great!
    Nov 2019 - part 1 - £66,153 part 2 - £42,004
    Total - £108,157 96 months to go!
    • newgirly
    • By newgirly 28th Oct 19, 9:03 PM
    • 6,892 Posts
    • 47,632 Thanks
    newgirly
    I know, not sure why but Iím eaten loads this weekend

    Payday today

    Still on track with everything and opís are more than expected

    £408 planned op

    £64.69 excess in current account - not sure why!

    £192.62 overtime pay

    £665.13 total

    October update to follow
    MFW 21

    £73,885.09 left -target £10k/ £7,110.95 in 2019
    • newgirly
    • By newgirly 28th Oct 19, 9:34 PM
    • 6,892 Posts
    • 47,632 Thanks
    newgirly
    [QUOTE=newgirly;70636818][QUOTE=newgirly;70261012]
    OCTOBER update!

    Start figures 1st Jan :

    Mortgage £79,000



    Total at start Oct :

    £74,498.77

    Total today:

    £73,889.05



    Total reduction so far this year: £7110.95

    Total Oct reduction : £609.72
    Originally posted by newgirly
    Total Reduction for this year £7110.95 (£2k towards kitchen)


    Thereís a difference in the October reduction from what Iíve actually paid , but I think thatís due to the figures being updated midway through the month in October for sept , so extra interest

    The good news however is Iíve surpassed the target of op by £7k that I set a few weeks ago (for the year not the last few weeks )
    MFW 21

    £73,885.09 left -target £10k/ £7,110.95 in 2019
    • newgirly
    • By newgirly 28th Oct 19, 10:28 PM
    • 6,892 Posts
    • 47,632 Thanks
    newgirly
    Oh wow, Iíve been made a stupid mistake! And one Iíve actually made before

    Went to pay the first £180 off our cruise balance for next year and have paid the full balance of £1498 by mistake that will teach me to sort the finances in bed when Iím tired thank goodness we have just been paid and I have enough in the account currently. Also we have a possible surplus from the builder that might help - if we ever get a final price!

    Lots of juggling now required
    MFW 21

    £73,885.09 left -target £10k/ £7,110.95 in 2019
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