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  • FIRST POST
    • newgirly
    • By newgirly 15th Apr 10, 11:02 PM
    • 6,283Posts
    • 43,380Thanks
    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 359
    • Kittenkirst
    • By Kittenkirst 11th Mar 18, 6:03 AM
    • 1,892 Posts
    • 10,153 Thanks
    Kittenkirst
    Ooooh I do love a good plan NG!

    Have you now caught back up on sleep?
    Hope your brood are good to you today
    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 11th Mar 18, 2:21 PM
    • 6,283 Posts
    • 43,380 Thanks
    newgirly
    Hi Kk, yes thanks although too much wine again last night

    Took dh and ds2 to see game night game at the cinema this morning and have just ordered us all pizza to eat while watching a film, seriously lazy.

    I got a lovely plant from ds1 and some flowers and chocolates from ds2, hopefully I'll see later dd later after work.
    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 11th Mar 18, 10:29 PM
    • 6,283 Posts
    • 43,380 Thanks
    newgirly
    Lots of plotting tonight, I've realised the 210 I put by monthly for the kids big birthdays, Xmas and the cruise will not be enough at the time I need to use it.

    The new plan is to make no op's in July and bung 210 extra off the balance every other month until the end date, it won't change the end date and should make everything a bit simpler

    So a "budget" of 2714

    Birthday money left to spend :

    140 ds1

    229 ds 2

    285 Dd

    1200 Xmas budget

    357 cruise balance

    300 cruise/hotel spending money

    203 surplus for birthday meal /BBQ/cake - this may be tight!

    Due to having to order replacement birth certificates 33 (lost by ds1) to then apply for passports this week for the boys , along with my boozy birthday treats, it's been a very expensive month so far!

    Current budget left 117.60 plus birthday cash which I'm trying to cling on to
    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 11th Mar 18, 10:45 PM
    • 6,066 Posts
    • 32,099 Thanks
    AlexLK
    to budget and spending this month, NG.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • gallygirl
    • By gallygirl 12th Mar 18, 1:51 AM
    • 16,590 Posts
    • 109,555 Thanks
    gallygirl

    Current budget left 117.60
    Originally posted by newgirly
    Knowing you, that's probably meant to last the year .
    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 12th Mar 18, 8:22 AM
    • 6,283 Posts
    • 43,380 Thanks
    newgirly
    and we are away to york tomorrow overnight, so that needs paying for, oh plus tickets for Dd's uni event Thursday 5.50 each.

    I knew march would be a tricky one

    Plans to survive are:

    Not going shopping today with mum and aunt (too much to sort at home anyway as I spent Mother's Day watching films and stuffing pizza -before I checked the accounts clearly or it would have been homemade! )

    Raid freezer and do meal plans

    Defrost Xmas day leftovers for dhs dinner, I wouldn't fancy it to be honest, but put in a casserole he will never know

    Do an online mr t order as I've 5 in club card vouchers and a 6 off 60 coupon.

    Don't drink like I have been lately

    Buy sack of onions from farm shop and maybe some cabbage or whatever's cheap

    Empty the pig and feed change to the self service machines in Tesco - keeping a low profile if possible unlike last time when I was told off

    Use costa card points

    Bake - bread, cakes, tea loaf

    Slow down flower buying! Sounds bonkers but this year I've been getting three bunches a week (from Aldi ) and it's really been a treat, for the rest of march I'll stick to a bunch of daffs a week though.

    That's all I can think of so far.
    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 13th Mar 18, 5:02 PM
    • 6,283 Posts
    • 43,380 Thanks
    newgirly
    We are in a lovely hotel in york, unfortunately the cleaning and dressing of the flat is a no go as lot is still not done. I've found a few new Harry Potter themed shops in the shambles so have had to spend (already budgetted for) on long slitheryn socks and butterbeer for dds birthday

    Nice lunch in the most haunted pub and off for a curry and cocktails tonight, good job I'm back at the gym Thursday.
    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 Mar 18, 7:27 AM
    • 6,283 Posts
    • 43,380 Thanks
    newgirly
    Back home, we managed to get a few bits done in the flat --building beds and drawers etc. Plus the builders wife is a cleaner and would be interested in looking after it. I'm quite excited about going to stay now as the flat in nicer and much nearer to the shops than I expected- 10 mins to the centre? this is a good thing as I'm not sure how often my parents will use it really! I shall try to get their money's worth

    Back to the gym today planning on easing in with a half hour gym then half hours swim, then off to the shops. Busy day again as it's Dd's music event she's organised as part of her course in shoreditch tonight, fingers crossed for plenty of visitors
    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 15th Mar 18, 10:18 PM
    • 6,066 Posts
    • 32,099 Thanks
    AlexLK
    Good luck for your daughter, hope all runs smoothly.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • themadvix
    • By themadvix 16th Mar 18, 8:53 AM
    • 1,668 Posts
    • 9,735 Thanks
    themadvix
    The flat sounds like it's in a great location

    Hope DD's event went well last night, she's a very impressive young woman from what you say about her on here - very mature and determined.
    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 16th Mar 18, 9:40 AM
    • 6,283 Posts
    • 43,380 Thanks
    newgirly
    Thanks Alex

    Vix that's a very kind thing to say! Last night was really successful lots more tickets sold on the door -it was at the looking glass cocktail bar in shoreditch, they had artists and graffiti artists working away plus a few different singers/rappers etc. It went really well. One of the others in the team came over to ask if we were dds parents and said she is amazing and had done most of the work for it.

    Not an mse night though, 10 a glass of "house red" looked on the menu and it was 7, next round ordered scotch and Coke -he said which one so I asked for the cheapest and was given a 10 year old malt 11.45, last round they charged a 4 service charge when I bought a bottle of wine to share, put on on the bar and he barman took it away - I had to ask where it was! Normally I would have not accepted any of this but I was not going to do anything on dds big night! Grrrr.....

    The plus side is the more the bar took the cheaper the venue costs them.

    Followed all this with bags of chips on the way home had to get up early today and go for a swim to work some of it off
    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 16th Mar 18, 9:53 AM
    • 1,668 Posts
    • 9,735 Thanks
    themadvix
    That sounds like a brilliant night for DD! Not so much for your poor budget though

    I thought you might have been nursing a hangover this morning, not being so healthy that you were up and at the pool! Sorry, must give you more credit
    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 16th Mar 18, 10:22 AM
    • 6,283 Posts
    • 43,380 Thanks
    newgirly
    did't drink enough to get a hangover due to the prices the whisky was for dds boyfriend.

    Off to the cinema at lunch time as no college for ds2, going to see "you were never really here" Very pleased as I really fancied this and it was only on in central London last week and I was to lazy to make the effort it must be doing well if it's moved out to us.

    Other good news is BOTH boys have agreed to go to york with us during the easter holidays anyone who may have read this diary may have noticed a running theme of me trying to take the kids away and them refusing to go I worked on the basis that they are 18 in a few months so can go with their friends- so they will need to know where it is, have a nose around to find the best places etc. It seems to have done the trick, Not sure about the budget though as it will cost a bit for the trains and a meal or two out, worth it for a holiday with my baby boys 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 18th Mar 18, 12:54 PM
    • 6,283 Posts
    • 43,380 Thanks
    newgirly
    Well I've had to concede that will will have to move the planned end date back a month to may 2019 on an already tight budget it will be too much pressure to pay for the extra bits which keep popping up - a trip to york with the boys, passports, extra treats on the kids birthdays (meals etc.) there is a limit as to how much can be squeezed from the food budget

    I think it's better to build it all into the 15 month forcast rather than it all come undone when I pay for stuff not budgeted for. There will also be a monthly higher amount to live on which for the sake of an extra month may make life easier, it doesn't stop it being frustrating is close to the end mind.
    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
    • michelle09
    • By michelle09 18th Mar 18, 5:38 PM
    • 776 Posts
    • 4,281 Thanks
    michelle09
    One month isn't too bad! And you have to enjoy life with your family too.

    Although I can imagine that is easier said than done when you are so close.
    • JAMIEDODGER
    • By JAMIEDODGER 19th Mar 18, 6:42 AM
    • 4,271 Posts
    • 18,685 Thanks
    JAMIEDODGER
    You are so close now! Just over a year and it will all be done. I bet you can't wait
    #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%
    • Kittenkirst
    • By Kittenkirst 19th Mar 18, 8:12 AM
    • 1,892 Posts
    • 10,153 Thanks
    Kittenkirst
    Wow just over a year to the end is amazing!

    I think you are doing the right thing, the MFW journey is all about balance and still enjoying your life. A trip away with your baby boys sounds like it will be lovely and Im impressed you managed to get them along

    I cant resist some lovely flowers for the kitchen- really brightens my day, but Im sticking to the daffs too- gorgeous and bright and 1- cant complain really
    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 19th Mar 18, 8:28 AM
    • 6,283 Posts
    • 43,380 Thanks
    newgirly
    Thanks guys, I have become a bit obsessed about not moving the end date so far this year, lasted until march without moving it though

    Off to the shops this morning, need to buy more gym leggings and have just ordered a retro "head" bag - anyone remember those? Black with mint trim from Amazon. Making the most of having more leeway on the budget this month already

    Off to the gym at 1pm and determined to not overeat this week after a bad weekend I WILL be at goal weight by the kids' 18ths/ 21st in July, my vanity should help as they are making me feel very old being adults when I still feel like a teenager
    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
    • edinburgher
    • By edinburgher 19th Mar 18, 11:48 AM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    Off to the shops this morning, need to buy more gym leggings and have just ordered a retro "head" bag - anyone remember those? Black with mint trim from Amazon. Making the most of having more leeway on the budget this month already
    Originally posted by newgirly
    I certainly do - Head was what most kids had for schoolbags when I was a young un - unless you were one of the rich kids who had visited the States and got a fancy Jansport one... Then the internet became a thing and you can buy whatever crap you fancy from around the world
    • daisy 1571
    • By daisy 1571 19th Mar 18, 12:32 PM
    • 273 Posts
    • 3,378 Thanks
    daisy 1571
    As im older than you guys, at my school the cool bag of choice was rucanor (had to Google spelling as I never had one, my pals all favoured donkey jackets and gas mask type haversacks which will tell you whether I was a cool kid or not )

    Dxx
    "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
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