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  • FIRST POST
    • newgirly
    • By newgirly 15th Apr 10, 11:02 PM
    • 6,282Posts
    • 43,367Thanks
    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

    Don't miss out on new deals, loopholes, and vouchers

    Last edited by newgirly; 16-03-2012 at 12:47 PM.
Page 331
    • Fortune Smiles
    • By Fortune Smiles 29th Jun 17, 6:58 AM
    • 2,775 Posts
    • 22,976 Thanks
    Fortune Smiles
    It'll all be worth it NG - have an amazing time.

    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
    • newgirly
    • By newgirly 29th Jun 17, 8:20 AM
    • 6,282 Posts
    • 43,367 Thanks
    newgirly
    Thanks guys, it's exciting and nerve wracking!

    Ds has lost his kindle which I was borrowing, I spent last night joining a trial of Amazon prime and kindle unlimited and choosing books very tempted to buy one at the airport and see if I can download some before we go if I can get free wifi.
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • themadvix
    • By themadvix 29th Jun 17, 10:02 AM
    • 1,668 Posts
    • 9,726 Thanks
    themadvix
    Have a lovely **relaxing** time!
    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 1st Jul 17, 8:48 AM
    • 6,282 Posts
    • 43,367 Thanks
    newgirly
    Currently in Piraeus today, all day trips to Athens sold out, plus at something like 114 degrees I can't face doing much! The tour bus round the city is €70 so we will just have a wander after finishing our cokes. Hopefully Crete will be easier tomorrow. Poor dd will be disappointed today as she was supposed to be seeing Adele tomorrow and she has cancelled, tickets bought from viagogo so she can't get a refund, hopefully mum who bought them can get a credit cs d refund.
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • smallholdingsister
    • By smallholdingsister 1st Jul 17, 12:01 PM
    • 3,591 Posts
    • 30,128 Thanks
    smallholdingsister
    Have a great holiday. Glad you are missing the funeral (sounds dire).
    • greent
    • By greent 1st Jul 17, 5:43 PM
    • 7,011 Posts
    • 71,597 Thanks
    greent
    Hope you are having a lovely time away - just caught up on the last couple of weeks posts - lots happening in ng's world! - cruise sounds very much needed 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
    • newgirly
    • By newgirly 2nd Jul 17, 12:59 PM
    • 6,282 Posts
    • 43,367 Thanks
    newgirly
    Hi green t and shs, thanks for popping by

    I've been dying the last couple of days, dizzy, wobbly etc. Feeling better after some Nurofen. I don't think hot holidays suit me! Cruise is good but so much busier and livlier than our usual short winter ones, plus as a naturally grumpy person people do annoy me

    But we are making the most of it, I've actually been in one if the pools today. Rang the kids who were less than excited to speak to me, so different from when they were little and cute and couldn't weight get on the phone!
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • AlexLK
    • By AlexLK 3rd Jul 17, 6:00 PM
    • 6,066 Posts
    • 32,097 Thanks
    AlexLK
    The funeral sounds bizarre.

    Really surprised to hear people annoy you, NG. I imagined you to be quite the extrovert. Sorry to hear it's so hot and your teenagers are being grumpy. However, enjoy the rest of your holiday.
    2018 totals:
    Savings £7,600
    Mortgage Overpayments £1,750
    • newgirly
    • By newgirly 7th Jul 17, 12:05 AM
    • 6,282 Posts
    • 43,367 Thanks
    newgirly
    Home and in bed with a cup of tea

    I was ill the whole week long, some kind of virus that made me ache, cough, really tired etc. Not a good combo with such hot weather! Still got out to each port but apart from Valletta in Malta today they were all pretty pants really

    Ship was busy and noisy and had hundreds of people sunbathing everywhere (I'm quite chatty Alex, but also quite superior, it runs in the family - my mum and gran both suffered from it too ) it was way more downmarket than the others we have been on. Although it was still p and o.

    Builders have done a little more work, including replastering our kitchen ceiling after they caused a leak bless them boys still at the parents, apparently they thought they would stay another night as the house is such a tip and is very dusty.

    So bad news tons of washing and cleaning and I still feel ill, builders will probably turn off water first thing

    Good news, illness meant less champagne consumed so bar bill under target and no weight gain plus I'm home snuggled up with my wonderful cat.

    I am never going on a week long holiday again, it was too long, too far and way too hot. Not that I am one to moan!
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • Kittenkirst
    • By Kittenkirst 7th Jul 17, 8:03 AM
    • 1,892 Posts
    • 10,153 Thanks
    Kittenkirst
    Oh NG, sorry to read that you didn't enjoy your hold much

    Are you feeling any better now you're home with your kitty?
    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
    • CathT
    • By CathT 7th Jul 17, 9:11 AM
    • 5,549 Posts
    • 38,671 Thanks
    CathT
    Sorry your holiday wasn't the break you needed. Hope building work progresses soon and it's not too dusty.
    May 2018 -
    part 1 - £77,906
    part 2 - £45,391
    Total - £123,297
    • smallholdingsister
    • By smallholdingsister 8th Jul 17, 5:45 AM
    • 3,591 Posts
    • 30,128 Thanks
    smallholdingsister
    Hell IS other people. At least when you're not well. Did DH enjoy it?
    • newgirly
    • By newgirly 8th Jul 17, 7:11 AM
    • 6,282 Posts
    • 43,367 Thanks
    newgirly
    Hi shs , he is not as fussy as me and did enjoy the rest, but was disappointed by the cruise.

    Feeling a bit better now I'm home thanks KK (other than wanting to strangle the builder!)
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • PrincessLou
    • By PrincessLou 8th Jul 17, 11:25 AM
    • 494 Posts
    • 1,918 Thanks
    PrincessLou
    I am never going on a week long holiday again, it was too long, too far and way too hot. Not that I am one to moan!
    Originally posted by newgirly


    Just out of curiosity, how long do you usually go on holiday for? I've always grown up thinking week long holidays were the norm but DH insists that a week is never enough and you, NG, think if is far too long
    Mortgage - £105,500
    • newgirly
    • By newgirly 8th Jul 17, 12:37 PM
    • 6,282 Posts
    • 43,367 Thanks
    newgirly
    Before dh and kids , girly holidays were 2 weeks long and I would have preferred about 10 days.

    After kids the maximum was a week, but more usually for financial reasons we went on 3/4 night short uk breaks which were just about perfect

    Perhaps a 10 day compromise would work for you both
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • stepuptothepl8
    • By stepuptothepl8 8th Jul 17, 2:58 PM
    • 869 Posts
    • 4,331 Thanks
    stepuptothepl8
    ^spam reported.

    Sorry your hols weren't what you'd hoped for. A cruise is my idea of hell, all those people !!
    LBM 1st Feb 2015 £16208 to go
    my diary: time to step up to the plate. SPC#503
    • newgirly
    • By newgirly 10th Jul 17, 10:02 AM
    • 6,282 Posts
    • 43,367 Thanks
    newgirly
    Indeed

    Still not feeling that great, don't know how I will do a full day's work tomorrow , still keep falling asleep when I sit down!

    Its dds birthday tomorrow so I need to go out today and get a cake/balloon and wrap her presents. I paid for an escape room experience for them all yesterday nearby and some of us are going out for lunch today, it's an expensive month

    Builders have been threatened with no more other work from my dad and no more money, it seems to have bucked them up a bit (clearly he won't ever use them again, but I'm not sure theyve worked that out yet!) ds1's s new bedroom is plastered but not ready still, it's probably been worth the pain as it's a much better size. New shower room still a shell.......

    Hope everyone is good, I am so behind with diaries and need to have a good catch up
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • themadvix
    • By themadvix 10th Jul 17, 11:38 AM
    • 1,668 Posts
    • 9,726 Thanks
    themadvix
    Hope you're feeling back to normal soon NG!
    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 14th Jul 17, 7:40 AM
    • 6,282 Posts
    • 43,367 Thanks
    newgirly
    Thanks, getting better now

    Useless builder has been harassed some more by me /dad /dh and actually turned up for three hours yesterday. It defiantly won't be finished as per his 50th promise this week, perhaps sometime next week shower room has toilet and shower tray fitted , nothing else done, bedroom still needs door frame and new window and window sill fitting. I am seriously losing the will to live - or more accurately for him to

    Somebody hit our car while it was parked on the road yesterday, it's only a scrape so he is coming over today to try and t cut it out, I think it will be ok, if not I'll just forget it, it's not a new car and I can't be bothered with the hassle, it was his mil driving and she seemed sorry!

    Weight loss after two weeks not going and a cruise 1lb off probably due to illness , but better than putting on. Total loss in 9weeks 9.5lb.

    Finances a shambles need to have a good look and make a plan, to finish next year will take basically a spending shut down. I am willing to do that apart from a few things I don't want to give up , for example :

    Hair highlights - I now have a blonde bob and want to keep it up

    Driving lessons - boys don't seem desperate to learn but I think they will want to soon, ditto Dd , if they start lessons she may want to as well , potentially 3 learning at once

    Kids 18ths and 21st next July, don't know what they want to do yet, but would love to have a big celebration.

    Gym, best friend and I always planned re joining once her youngest starts nursery (we stopped when she fell pregnant ) and when we have had some success with WW.

    So the above things don't really fit with a spending shut down I really want to clear next year though..........
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • newgirly
    • By newgirly 15th Jul 17, 5:53 PM
    • 6,282 Posts
    • 43,367 Thanks
    newgirly
    The useless builder has been sacked dh has got the maintenance company that own the factory next to ours to come and finish it off (they are doing us a favour as they are a big firm!) the electrical and plumber that came to have a look today were shocked at what has been done so far, lots of it needs ripping out

    After reading Rasputin thorpedo's diary today I've decide to extend the target end date. He has also decided to slow down the rate of op's.

    By adding on 5 months to the term, the amount I have for us all to live off goes from £500 to £1000 pm and also allows me to save £200 pm for Xmas/ birthdays and the kids' 18ths and 21st next July.

    Even if we had not just paid for a cruise it would be nigh on impossible to stick to a budget that low for long. I'll set some mini challenges along the way to change things up a bit, I used to do lots of those but have slacked off lately.
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
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