Pay off mortgage and start having fun!

daisy_1571 · 15 March 2019 at 11:30AM

:j:jLol love it. I'm sorry ng, maybe you need to start up again under a new user name, sounds like we all know you too well!!!

Brilliant, get going with the plans, open a strong coffee and put your brave pants on before posting!! :money::beer::T

With love

Daisy xxx

newgirly · 15 March 2019 at 1:48PM

Thanks guys

It’s mega money just having them as named drivers isn’t it greent :eek: at least you only had to pay for one test of your Dd , that’s fantastic :T

Hi Daisy, I’m putting my brave pants on now

daisy_1571 · 15 March 2019 at 4:47PM

newgirly wrote: »

Hi Daisy, I’m putting my brave pants on now

We will be kind

Dxx

greent · 15 March 2019 at 6:38PM

newgirly wrote: »

Thanks guys

It’s mega money just having them as named drivers isn’t it greent :eek: at least you only had to pay for one test of your Dd , that’s fantastic :T

Hi Daisy, I’m putting my brave pants on now

Yeah - but 3 for DS1 (and 2 theory tests for him, too)

Hope the brave pants aren't too uncomfy

xx

newgirly · 16 March 2019 at 2:13PM

We’ll lots of chatting with dh now the planning is done

To start with ....

We rent a small storage space to a supplier in the factory, the current bosses are (unbelievably) ok for this to continue. Dh has now agreed we can use this money to op our home mortgage , it’s £360 pm after tax. Any other surplus from the main rent will stay in the business to cover tax and accountancy fees. Clearly this may change at any point and less ops will be made.

So the main priorities are:

- oping the mortgage of course

- paying towards driving lessons and getting a runaround with the kids named as drivers (more on that later. !)

- home improvements, kitchen/bedrooms/garden/living room

- saving a bit to give Dd towards moving out/wedding in the near future (not worried about that with the boys yet

)

- holidays

As we currently have a healthy float in the business account ive persuaded dh to pay us £3k from it to put towards home improvements.

So the boys’ renting will be split between a savings pot for dds moving out etc. holidays. Ds2 currently pays £45 pw and ds1 it varies.
Ive already got a regular saver set up with £1500 in it to start this off.

So budget wise :

£649.52 bills

£700 credit card - food/petrol/misc.

£250 driving lessons/tests etc.

£200 car savings /tax/ins for kids

£100 socialising and fun fund

£200 Xmas/birthdays

Which leaves £989.48 for the mortgage.

If I add dhs £360 to the mortgage ops that gives us a balance of £31,042.42 due at the end of the term in April 2022. Or If I extend the term by 2 years it continues in at the same cost until April 20204.

The factory mortgage finishes about sept 2023 I belive.

Clearly this is dependant on the extra rental money, however dh is building up a small sideline with the new bosses permission to earn himself some extra, so that’s something else to help hopefully.

The car swap has fallen through as basically the garage have said the KA is a heap :rotfl: couldn’t really just give our car away so friend is now buying it for £1500. I shan’t get anything from the kids for a while yet now and the £200 pm earmarked for tax/ins for them will start off as a car savings pot first.

So total cash pot is (bar holiday dd pot) £ 7,650

£ 1,700 bedrooms

£300 garden

£2000 living room (electrics/plastering/floor etc.)

£3650 kitchen plus £3k from business

Not sure how realistic the kitchen pot is but there we go

Current mortgage rate is 2.19% with unlimited ops as it’s an offset.

Term end date April 2022. Age 44 and 46 currently :eek:

Hopefully all monthly allocations for things are on the genourous side so more ops can be made. Phew , got there in the end

Moneyfordreams · 17 March 2019 at 11:20AM

Well done for wading through it.

newgirly · 17 March 2019 at 6:09PM

Thanks mfd’s, planning is one thing, sticking to it is another

We collected the new (well 15 years new!) car today :j it’s pale blue with a black roof and seats, very pleased and the hour long journey home was ok, it’s automatic again which is good as I’m getting old and lazy

net cost of £500 after we sold the old car. Her name is currently bluebell which I’m not keen on, I need some ideas

£14.07 requested from tcb today which I shall op, £20 a day budget going very well, in credit by £112 today due to underspending but not for long as I’m doing an online shop soon.

CathT · 19 March 2019 at 7:13PM

Does she have a new name yet?

greent · 19 March 2019 at 8:17PM

She's a blue Beetle, yes?

Betty? Beatrice/ Beatrix? Betsy? Bob? Bernard? (any sex items randomly get called Bernard in this house!!

) Beattie? Belle? Bathilda? Beedle? Bellatrix?

newgirly · 19 March 2019 at 10:35PM

Still no name cath, mind you Dd was nameless for a whole three weeks after she was born :rotfl:

Some good suggestions there greent, I like the idea of a Harry Potter theme, our cat is aunt petunia and the cat no longer with us was mrs. Norris

Great news though, the car with no name passed its mot today :T always a relief.

I had a disappointing night at the royal opera house last night, it turns out you can’t pay £32 pp and expect to see the stage :eek: four in a box (2 chairs and two stools behind) we had to rotate as some seats had a view of about a quarter of the stage, plus it was not as good as I expected and was three hours long, followed by our train line being closed on the way home so it was tube the whole way, a very late night.

Still under budget with food, I’m not really sure how as I’m not exactly taking much care to spend less atnthe moment.:o

Oh and £5 off a £25 spend today only on amazon

Pay off mortgage and start having fun!

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