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  • FIRST POST
    • newgirly
    • By newgirly 15th Apr 10, 11:02 PM
    • 6,273Posts
    • 43,337Thanks
    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 327
    • smallholdingsister
    • By smallholdingsister 27th May 17, 10:36 AM
    • 3,591 Posts
    • 30,128 Thanks
    smallholdingsister
    God bless your doggle.x
    • greent
    • By greent 27th May 17, 4:03 PM
    • 7,010 Posts
    • 71,579 Thanks
    greent
    Hope your woof-er recovers xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £877.49/£4000
    Net sales 2018 £491.03/£1000 PAYDOX18 (#15) £13869.38/£18694.38
    • EatingTheElephant
    • By EatingTheElephant 27th May 17, 4:17 PM
    • 1,289 Posts
    • 7,060 Thanks
    EatingTheElephant
    Hope your dog gets better soon.
    • newgirly
    • By newgirly 27th May 17, 4:54 PM
    • 6,273 Posts
    • 43,337 Thanks
    newgirly
    Unfortunately she seemed to become more lethargic, I was intending to speak vet in the morning but decided to ring today her just incase, she said the antibiotics should have already taken effect so she should be better not worse. We took her in and she said it could be a matter of days or even possibly hours, her lymph nodes were still enlarged and it would not be a pleasant death. We decided not to put her through that both ds2 (she was "his" dog) and I stayed, even the vet was in tears afterwards.
    MFW 21
    Target for 2018 £40k/£11,092 paid so far

    Mortgage £38,275 4yrs 1mth left. Total owed £50,898 plan to clear in 14 months
    • Tilly MFW in 6 YRS
    • By Tilly MFW in 6 YRS 27th May 17, 4:55 PM
    • 7,639 Posts
    • 86,901 Thanks
    Tilly MFW in 6 YRS
    I'm so sorry to read your news. Words aren't enough as our dogs are.part of the family.

    Take it easy xxxxx
    2004 £387k 29 years - MF March 2033
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15
    • smallholdingsister
    • By smallholdingsister 27th May 17, 5:27 PM
    • 3,591 Posts
    • 30,128 Thanks
    smallholdingsister
    So sorry. xxxx
    • greent
    • By greent 27th May 17, 6:27 PM
    • 7,010 Posts
    • 71,579 Thanks
    greent
    Aww, newgirly, so sorry to hear that xx - furry friends have a special place in hearts x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £877.49/£4000
    Net sales 2018 £491.03/£1000 PAYDOX18 (#15) £13869.38/£18694.38
    • Fortune Smiles
    • By Fortune Smiles 27th May 17, 6:43 PM
    • 2,773 Posts
    • 22,965 Thanks
    Fortune Smiles
    Very sad news - sending hugs.

    Fortune x
    Mortgage: 5% paid Overpayments: 592.38 Emergency Fund: 61%

    All we have to decide is what to do with the time that is given to us - J R R Tolkein
    • XSpender
    • By XSpender 27th May 17, 6:46 PM
    • 2,967 Posts
    • 30,599 Thanks
    XSpender
    I'm so, so sorry to hear about you dog newgirly. Sending you and your family lots of hugs xx
    Action Plan Part 1 - Clear First 3 Balances
    Target Debt Lloyds (Me) Part 1 £666.22/£0
    Target Debt Virgin (Me) Part 1 £1176.49/£0
    Target Debt Virgin (Me) Part 2 £1038/£995
    Big black hole of debt - £53,515.15 @ 16.12.17 £52,811.64 @ 28.02.18, £50,638.77 @ 28.03.18, £49,778.78 @ 20.04.18, £46,093.32 @ 18.05.18
    • EatingTheElephant
    • By EatingTheElephant 27th May 17, 7:06 PM
    • 1,289 Posts
    • 7,060 Thanks
    EatingTheElephant
    I'm so sorry xx
    • wantabetterlife
    • By wantabetterlife 27th May 17, 10:15 PM
    • 1,228 Posts
    • 5,543 Thanks
    wantabetterlife
    Aww NG I am so so sorry to hear that. I never understood how much they become part of the family until we got a dog of our own. Big big hugs to you all.xo
    Mortgage £177,750£163660.57
    Overpayments 2016 £2053.58 2017 #26 £3417.70 2018 £2097.03
    Daily interest £19.91 £15.28 £9.99
    BUY TO LET MORTGAGE £111408 £109975 £104241
    6.01% paid
    Saving £2520
    • newgirly
    • By newgirly 27th May 17, 10:43 PM
    • 6,273 Posts
    • 43,337 Thanks
    newgirly
    Thanks everyone you are very kind. Dh is away for one night with his brothers for a catch up and is clearly feeling bad for not being here as ive had six phone calls now (in varying levels of drunkeness) to see if I'm ok. Now Dd is home I'm going to bed, I feel like I've been up for days.
    MFW 21
    Target for 2018 £40k/£11,092 paid so far

    Mortgage £38,275 4yrs 1mth left. Total owed £50,898 plan to clear in 14 months
    • Muser1
    • By Muser1 27th May 17, 11:50 PM
    • 756 Posts
    • 4,102 Thanks
    Muser1
    I'm so sorry NG xx
    Mortgage Jan 13 99260.00 87253 April 2017
    Emergency fund 700.00
    • Kittenkirst
    • By Kittenkirst 27th May 17, 11:57 PM
    • 1,889 Posts
    • 10,124 Thanks
    Kittenkirst
    So sorry to hear about your loss NG, sending so much hugs to you & yours x
    2018 MFW #20 - OP £1799.61/ £3000 60%
    Mar: £218 Apr: £528.91 May: £361.07

    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
    • newgirly
    • By newgirly 28th May 17, 4:44 AM
    • 6,273 Posts
    • 43,337 Thanks
    newgirly
    Thanks

    Can't sleep (never can if dh is not here anyway) thought I'd make a to do list as this weeks gone to pot a bit :

    Washing

    Ironing

    Quick mini clean around house it's not too bad

    Apply for current accounts for boys

    Do the money shuffle - still not done from weds, I've massively overspent and have £500 odd of vets bills too

    Email builder that quoted for extension, don't know what we are allowed to build until council email back

    Locate boys old passports and apply for new online, horrid feeling they are lost though!

    Transfer money to Dd for new plain black trainers for her new job - she did a trial at a huge busy ice cream parlour yesterday and got the job, full time through summer then what hours she wants once uni is back, she did well although she left just after we had taken the dog to the vet so was trying to hold it together poor thing

    Go to parents BBQ
    MFW 21
    Target for 2018 £40k/£11,092 paid so far

    Mortgage £38,275 4yrs 1mth left. Total owed £50,898 plan to clear in 14 months
    • Arkers
    • By Arkers 28th May 17, 12:42 PM
    • 693 Posts
    • 5,512 Thanks
    Arkers
    So sorry about the loss of your beloved dog x

    Arkers x
    • smallholdingsister
    • By smallholdingsister 28th May 17, 7:16 PM
    • 3,591 Posts
    • 30,128 Thanks
    smallholdingsister
    Hope the BBQ was good. x
    • themadvix
    • By themadvix 29th May 17, 10:16 AM
    • 1,661 Posts
    • 9,683 Thanks
    themadvix
    So sorry to hear about your dog, NG. I'm sure you must be feeling the hole in the family at the moment - it's fine to not be very productive for a couple of days, you're grieving after all. xx
    OPs 2017 = £3103
    S&S ISA 2017 = £626
    OPs 2016 = £6142.12
    Starting balance 2012: £132000; balance Dec 2017: £96,822
    MFW2017 no. 38
    • newgirly
    • By newgirly 29th May 17, 10:41 AM
    • 6,273 Posts
    • 43,337 Thanks
    newgirly
    Thanks you are all so kind, sounds crazy but it just feels like the end of an era. It kind of feels like a link from the past has gone , my grandparents who are both now gone used to make a fuss of her. It's life moving on putting more distance between now and the past

    Need to get my act together today, the WW has gone out the window as I've drunk a lot this weekend on he plus side I've not eaten much.

    We had a quote from one buildier for extension (who didn't measure up or notice he drain!) £15k +vat which is very low, it doesn't include bifold doors so that's another £10k ish plus toilet suite /kitchen etc. Other builder hasn't got back to us still.

    I emailed the council re building over the drain but they have not replied, I think if we can't I'm not sure We will get it done as it's so much money for a better layout but the same floor space basically - losing the large conservatory one side to gain a short extension all along the back.

    I hate not knowing what we are doing financially, mortgage op not made yet this month and spending has been very high, I've bought the kids a few clothes and we had the vets bill too, plus I'm going to get the boys passports incase we want to go away.
    MFW 21
    Target for 2018 £40k/£11,092 paid so far

    Mortgage £38,275 4yrs 1mth left. Total owed £50,898 plan to clear in 14 months
    • newgirly
    • By newgirly 31st May 17, 6:57 AM
    • 6,273 Posts
    • 43,337 Thanks
    newgirly
    Busy at work his week, we have won loads more government work which is now arriving - great news financially, but not so good if you wanted to take the week off to spend with the kids because you are fed up dh has finally had his dodgy arm diagnosed, tennis elbow which won't be help lugging heavy boxes at work.

    Dd is already doing extra hours at the ice cream parlour she started working at on Monday, the place is heaving winter and summer and charges a fortune but they seem to never have enough staff! She seems tired but happy though as she can fill her help to buy isa and wants to open a second savings account, when I was her age it was spent on new clothes, cars and drinking actually I still do that

    Still no news from builders or council, the upstairs will be started on 9th June, we need to find a shower suite and flooring, I have a rough idea -im thinking a big walk in plain glass shower, possibly a deco style basin, unsure about toilet , "urinal" as my dad calls them tiles in the shower - the old style brickwork white ones. White painted walls (fed up with full tiles and cleaning the grout!) and Victorian hallway print style posh Lino flooring or perhaps tiles.
    MFW 21
    Target for 2018 £40k/£11,092 paid so far

    Mortgage £38,275 4yrs 1mth left. Total owed £50,898 plan to clear in 14 months
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