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  • FIRST POST
    • newgirly
    • By newgirly 15th Apr 10, 11:02 PM
    • 6,328Posts
    • 43,780Thanks
    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







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    Last edited by newgirly; 16-03-2012 at 12:47 PM.
Page 354
    • newgirly
    • By newgirly 4th Feb 18, 8:32 PM
    • 6,328 Posts
    • 43,780 Thanks
    newgirly
    I ditched the washing and ironing today and spent the day shifting bedroom furniture and clearing out drawers. My engagement ring has been missing (since the week we sacked the dodgy builder......) I thought it could have got lost however unlikely , but after today it's definitely gone. It was my dads mums ring and quite valuable , although as usual not insured seperatly. Can't see how it wouldn't help much anyway as another ring would not be the same.

    Anyway on the plus side the bedroom looks great, I have a sack of stuff for the charity shop and too many bags of old underwear thrown away, not sure how I have so much
    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
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 4th Feb 18, 9:00 PM
    • 1,469 Posts
    • 7,030 Thanks
    wishingthemortgaheaway
    So sorry to hear about the ring. Can!!!8217;t believe what some people would do.
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • AlexLK
    • By AlexLK 4th Feb 18, 10:22 PM
    • 6,085 Posts
    • 32,227 Thanks
    AlexLK
    Sorry to hear about the ring, NG. Insurance cannot replace an item but can at least financially compensate to put you back in the same position financially. We have quite a few items insured separately from out general contents.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • JAMIEDODGER
    • By JAMIEDODGER 5th Feb 18, 5:55 AM
    • 4,271 Posts
    • 18,692 Thanks
    JAMIEDODGER
    Sorry about the ring newgirly
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • newgirly
    • By newgirly 5th Feb 18, 8:25 AM
    • 6,328 Posts
    • 43,780 Thanks
    newgirly
    Thanks guys, you never know it may turn up in the future somewhere odd! I have not worn it as an engagement ring for years as it's yellow gold and my wedding ring (mark three!) is platinum which I wear with a platinum trilogy which I preferred, its silly but because of the three kids

    Anyway, I've had the best nights sleep in ages , i ordered the new Amazon firstick from Argos and you got a 5 free voucher over 50 so I ordered some "hotel quality" pillows with a discount, I have slept for 10 hours -it's a miracle Next to use the 5 voucher , possibly towards a bottle of decadence perfume for dds birthday which has already got 14 off.

    Mse stuff for today:

    Take back black jeans for refund to cc

    Ditto pj's

    Draw cash out to live on (cc being used for many festival tickets!) 440 left after a little Aldi shop

    Ask Dd when I can cancel her phone contract, she wants to take out a new one herself.

    Meal plan properly, we do have lots in the freezer
    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 5th Feb 18, 10:41 AM
    • 1,717 Posts
    • 10,036 Thanks
    themadvix
    That's rubbish about the ring NG

    Haven't you already got your DD some perfume for her birthday? (Just saying, in case you've forgotten!)
    OPs 2018 = 2090
    Moving savings = 636.46
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jun 2018: 92,000
    MFW2018 no. 38
    • newgirly
    • By newgirly 5th Feb 18, 2:31 PM
    • 6,328 Posts
    • 43,780 Thanks
    newgirly
    Hi vix, no I haven't forgotten as I have a little book with presents in so I don't forget

    All odd jobs done except the meal planning and ironing, need to get back on track with my meals especially as I've overeaten this weekend. It's started off badly after buckets of booze at the leaving do Friday night followed by a 1am trip to a kebab van with the guys from work where I ate a huge bag of greasy chips. I have until Thursday to turn things round.

    Back on the mfp today as still not doing WW points as I'm sick of all the free foods also not excercising as it's cold and I can't be bothered. Strangely not doing too badly despite that though and lost 5lb so far this year.
    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 5th Feb 18, 8:10 PM
    • 6,328 Posts
    • 43,780 Thanks
    newgirly
    Skipped the ironing again in favour of batch cooking for some of us for some of the week:

    3x portions veggie tikka masala

    3x quorn tikka masala

    2x2 veg pasta sauce portions

    3x veggie spag bowl

    2x veggie chilli

    3x veg soup

    Roast chicken dinner for tonight

    Pack lunch salad for me for work

    Then popped round mum's to drop something off where is was told I smelt of school dinners

    Came home and had a bath....
    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
    • JAMIEDODGER
    • By JAMIEDODGER 5th Feb 18, 8:27 PM
    • 4,271 Posts
    • 18,692 Thanks
    JAMIEDODGER
    A productive day in the kitchen NG. Hoping to do the same myself when I am off work next week
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • AlexLK
    • By AlexLK 6th Feb 18, 9:02 PM
    • 6,085 Posts
    • 32,227 Thanks
    AlexLK
    Very productive day in the kitchen, NG.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • newgirly
    • By newgirly 6th Feb 18, 9:54 PM
    • 6,328 Posts
    • 43,780 Thanks
    newgirly
    Food shop done-66 plus petrol 36 , plus another 30 for a resit for ds2 at college as he wants to retake to try and up his mark. Not sure 440 will see us until march

    Made some painful festival purchases today 510 and 93, just previously ds2 complained that I'd been shopping and there was no nice food - it's all fruit, veg, meat etc. some yellow stickered tea cakes and bits and bobs. Tongue in cheek really but "why do you buy cr @p food mum?' He asked me! er that will be so we can spend even more on your birthdays son, shall I stop? 'Nah your alright then' he replied
    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 8th Feb 18, 7:41 AM
    • 6,328 Posts
    • 43,780 Thanks
    newgirly
    Hooray it's Thursday one of my favourite days of the week as I spend it with my best friend drinking tea and mooching round the shops whilst having a good catch up, I'm very lucky.

    Been looking on rightmove again, as you do, and have realised with our earnings and low current mortgage we could in theory move to a much more expensive house. Have seeem some lovely Edwardian semi's in town (30mins walk) but only 3 beds and up for 650k I don't think I fancy another large mortgage, so need to probably make plans to do up the house we have

    As the end date is getting closer I would like to have some plans as to what we will do first, I did talk to dh at the weekend about this and he is not really fussed.(or perhaps he just wasn't listening!)

    So my ideas so far are :

    Decide if we will extend the back or renovate what we have. Currently we have a through living/dining/conservatory area about 33ft by 12 ft and a kitchen next to it of 10x10ft ish, no downstairs loo ( that would be very helpful).

    If we extend, I would have a small living room at the front 12x12 ft as snug tv area and then knock everything out and build on the back with bifolds onto the (small!) garden kitchen ruining all down one wall at the side. So room for a loo off the hallway and a huge open plan room. I guess 50-60k if we have the shell built by a builder we've had a quote from 18k not with bifolds , plus the guy that owns the factory next door said he will do it for the cost price of his teams labour and forward on his discounts for all the fittings and kitchen etc. It's very decent of him, We get on well and let him park his flash cars in our spaces a lot

    Or, leave it as it is - we don't NEED more space so just strip everything out and replace with new at a much lower cost, the main worry with this is the age of the conservatory, it's about 15 years already and was a cheap one. It does get cold in winter downstairs as it's openplan to the living room, even though it is heated.

    Other issues to consider are helping the kids out.

    Dd is saving to move out with her boyfriend and I want to help with a deposit , not worried to much about the boys with that yet as I am sure they will be at home a lot longer

    Also need to do most of the house up -

    New windows , doors, plaster everywhere, new floorings, plug sockets, light switches etc. Everything has been left as we either didn't have the money or prioritised the mortgage.

    Oh and my personal wish list is :

    A new mini

    An old mini

    Lot of of clothes

    A few good cruises

    Get the kids all driving and buy a car for them to share (not my mini collection )

    Xmas dinner party night at the Harry Potter studio

    Dino snores sleep over at the natural history museum

    Lots of weekends away with dh and sometimes friends

    A weekend at Burgh Island


    That's it , apologies for the early morning waffle if anyone read this
    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
    • daisy 1571
    • By daisy 1571 8th Feb 18, 8:30 AM
    • 274 Posts
    • 3,392 Thanks
    daisy 1571
    Morning NG

    I think you have answered your own question. Do up what you already have and use your money for the list of things you would prefer to do. Not much point having 60grand of a mortgage to get more space that you really don't need when you could be using your monthly money to help your daughter and get your cars etc. You have consistently said since the beginning of your diary you want to help your kids get started on housing ladder and now you have the situation where your daughter is at that point. And if your lads are good friends (like they seem to be even though they have different interests) there is a chance they will consider moving out together to share a flat so they may be moving sooner than you think lol

    If you find the conservatory leaches the heat out your living areas (which it will, no matter how good it is a large window area will always lose heat so by heating it you are still only marginally helping as so much will be lost) i would reckon you could look into putting your bifold/folding doors between the living room and either the conservatory as is or a replacement conservatory. That will give you option of closing the space down in winter but still have the benefit in summer.

    Just a few ideas, in fact you may even decide to go back to minimum payments on your mortgage for a while since you are so close and free up monthly income to save a lump sum for your daughter as she may need your help in the next 6 months or so if she has begun looking at flats/houses ?? It would make sense to use the mortgage you already have rather than renegotiate a new mortgage ?

    Daisy xx
    "Never save something for a special occasion. Every day in your life is a special occasion" Take hold of every moment by anon

    The difference between what you were yesterday and what you will be tomorrow is what you do today
    • try harder
    • By try harder 8th Feb 18, 10:50 AM
    • 787 Posts
    • 3,039 Thanks
    try harder
    Loving your post today newgirly ,your list of wants looks something like mine but mine is longer and i have no spare money ,such is life
    • newgirly
    • By newgirly 8th Feb 18, 4:21 PM
    • 6,328 Posts
    • 43,780 Thanks
    newgirly
    Hi daisy and tryharder thanks for posting

    Dd and boyfriend have a 3-5 year plan to move out so we have a while yet. Boyfriend is thinking save for longer to pay a better deposit and get something dearer, however prices are still going up a crazy rate (22% in two years apparently) so I can't see his plan working too well as they can't save anywhere near as fast.

    We nearly too the plunge last year with the extension and got some quotes but couldn't quite spend the money.

    I worry we will just get used to having and spending a lot more money and don't want that to happen, We need a proper plan. I think a good compromise may be to get the work done but do it on a fairly low budget. That way we can still spend on some frivolous stuff, start saving and then if we have he extension a few years later we won't have wasted too much when it all gets ripped out.

    Had lunch with best friend today who asked if I would be going away on a girls weekend away again this year. I said I didn't know as we are trying to clear the mortgage next year. I do want to go though and also don't have anything planned with dh either, temptation is looming and it's only February!
    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
    • JAMIEDODGER
    • By JAMIEDODGER 8th Feb 18, 4:23 PM
    • 4,271 Posts
    • 18,692 Thanks
    JAMIEDODGER
    That's some wish list NG It's nice to dream big x
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • newgirly
    • By newgirly 8th Feb 18, 6:14 PM
    • 6,328 Posts
    • 43,780 Thanks
    newgirly
    Aargh, have been charged by vodaphone for an account i closed in October , apparently it wasn't closed. So cross ive posted on the vent board, when the kids get home I'll ask how to do the same on their social media I'm sure they won't care but it will make me feel better. Thieves.

    And relax.
    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 10th Feb 18, 12:38 PM
    • 6,328 Posts
    • 43,780 Thanks
    newgirly
    Vodafone sorted out , 30 has been refunded by the complaints dept finally.

    We had our first budget date night last night, went to see the exorcist at the Phoenix theatre, 10 per ticket including fees and postage and when we got there they upgraded us to quite near the front in the stalls as they had shut the circle great play (although it's had terrible reviews) nice and scary then to planet Hollywood round the corner for a 'buy a gift' meal for two deal that cost about 28.

    A very good night for a pretty low price -if you don't count the drinks dh bought at the theatre The boys had a poker night at home with half a dozen friends while we were out, we came home to everything tidied up and them tucked up in bed, it was the perfect night
    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 10th Feb 18, 2:14 PM
    • 3,591 Posts
    • 30,150 Thanks
    smallholdingsister
    I have always wanted to stay on Burgh Island. I imagine the hotel being like an Agatha Christie novel. Fewer murders obv.
    • newgirly
    • By newgirly 10th Feb 18, 7:30 PM
    • 6,328 Posts
    • 43,780 Thanks
    newgirly
    She wrote some of her novels there didn't she? They do a murder mystery dinner it says online, not my usual cup of tea but I imagine it's the perfect location.

    A terrible tragedy has happened, I am very lucky to have received four bunches of flowers this week (from dh, best friend, mil and the guy from work who's party I organised, it's not a usual occourence!) so I didn't have enough vases, went to mum's and borrowed a couple along with a bottle of wine as it's cold and wet to go out and smashed a vase and worse still - the wine, on the way home. The boot stinks of merlot now.

    We are off to york next month to help kit the flat out, however my mum has decided it's not worth cleaning it all up and putting all the new bedclothes on for one night then having to change them, so they want to stay in a hotel They want to treat us to the hotel so i may say yes as a birthday present. That is just so them , buy a flat, renovate it to use as a holiday home, stay in a hotel
    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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