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  • FIRST POST
    • newgirly
    • By newgirly 15th Apr 10, 11:02 PM
    • 6,445Posts
    • 44,833Thanks
    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 362
    • newgirly
    • By newgirly 11th Apr 18, 2:13 PM
    • 6,445 Posts
    • 44,833 Thanks
    newgirly
    Oh dear, after looking at our payslips and putting he new tax code in online I've noticed that when working out our pay his year I forgot to knock my (tiny!) pension payments off - end result 20 less a month to live off it won't change the plan but will mean 680 pm as a budget instead.

    Total spends this month:

    680 budget

    3.99 Amazon music

    9.40 cinema upgrade to 4dx

    48.20 Indian meal out with dd

    170 passports

    47.06 bath bomb sets for birthdays

    26.98 petrol

    6 eyebrow threading

    64.39 food



    303.98 left

    Ds1 has come downstairs with a massively swollen eye just now, I've giving him anti hystamine so will see what happens, otherwise I'll drag him to the chemists for a look -under protest no doubt! Much amusement for his brother though......
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • newgirly
    • By newgirly 12th Apr 18, 3:42 PM
    • 6,445 Posts
    • 44,833 Thanks
    newgirly
    Really annoyed as dh has to do the loan application again. It expired after 30 days, we had to send origional bank statements or some send online, three times sent online and once by post and they didn't receive any still sorted out now but will still be probably another week and a half to sign more paperwork and get the money.

    Not sure whether to apply for 0% ccs now for balance transfers or if we should wait until the loan is paid out. It has already been approved....
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • newgirly
    • By newgirly 12th Apr 18, 6:45 PM
    • 6,445 Posts
    • 44,833 Thanks
    newgirly
    Oh dear, I seem to have been under the false assumption that you could still transfer loan balances onto 0% ccs - it looks like now they have to be a "money transfer" which is obviously more expensive.

    I rang our building g society again to discuss options, nothing has changed there unfortunately and we can't tie to anything other than a 2 or more year deal ( if it's offset to maximise ops then it's a higher rate).

    Then I had a quick look on mse to see if there are any mortgages for less than a 2 yr term -there aren't. But nationwide appeared to let you make unlimited op's reducing the term by however much you want (at 1.59% no fees) we scrape by on affordability hopefully, with a two year term it's still a fairly high payment I guess!

    I rang and spoke to an advisor who had to check with a higher power and it seems that's allowed

    So it looks like that may be the cheapest option and does mean not relying on multiple ccs. I do feel rather silly that I didn't check the balance transfer situation beforehand really

    This will probably lead to a different plan now, Gallygirl will have something to say perhaps
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • gallygirl
    • By gallygirl 12th Apr 18, 9:05 PM
    • 16,646 Posts
    • 109,859 Thanks
    gallygirl

    This will probably lead to a different plan now, Gallygirl will have something to say perhaps
    Originally posted by newgirly
    That's my girl .

    If people don't have plans how do they know what to deviate from .
    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 Apr 18, 10:36 PM
    • 6,445 Posts
    • 44,833 Thanks
    newgirly
    Exactly but at least my plans have not included accidental house purchases
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • newgirly
    • By newgirly 14th Apr 18, 7:38 AM
    • 6,445 Posts
    • 44,833 Thanks
    newgirly
    Having a great time up in York this weekend (aside from today's worrying news...) the boys seem to like it here, especially after we took them to the stone roses bar before dinner last night.

    I have decided to blow the budget, it's a rare thing to get the boys away with us and eating out together now. So far 58 pub lunch for four, 180 curry for six 60 cash (30 each) for the boys to wander round second hand record shops and spend, 23 on cheap boots for ds2 as his fell apart and we couldn't find any nice new ones.10 hotel chocolate chocs to say thanks for having us.

    The flat is lovely, everything is new and white or very pale grey, we are doing our best to not make it look like one of the boys bedrooms as they are sleeping on the sofa bed and spreading their stuff everywhere plans for today are - dh and Dad making up the last chest of drawers, the boys will have a wander and look for a restaurant for tonight, I'm going to try and get to the outlet place, I've not been to one on years and if they have posh handbags mum will probably come too

    Not much mse stuff happening in this corner at the moment!
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 14th Apr 18, 7:43 AM
    • 1,664 Posts
    • 8,377 Thanks
    wishingthemortgaheaway
    They do have a posh handbag shop or two at the York outlet place. And a very nice cast iron cooking pot shop too.
    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
    • gallygirl
    • By gallygirl 14th Apr 18, 6:08 PM
    • 16,646 Posts
    • 109,859 Thanks
    gallygirl
    Exactly but at least my plans have not included accidental house purchases
    Originally posted by newgirly
    Give it time .

    Glad you're having a good weekend .
    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 14th Apr 18, 6:54 PM
    • 6,445 Posts
    • 44,833 Thanks
    newgirly
    I certainly spend enough time on rightmove to do research
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • greent
    • By greent 15th Apr 18, 9:39 AM
    • 7,350 Posts
    • 74,495 Thanks
    greent
    This will probably lead to a different plan now, Gallygirl will have something to say perhaps
    Originally posted by newgirly
    I'd expect nothing less from you, ng! xx

    ETA: York sounds like a lovely break
    Last edited by greent; 15-04-2018 at 9:41 AM.
    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) 6100/7500
    Net sales 2018 655.15/1000 PAYDOX18 (#15) Done 18918.90
    • newgirly
    • By newgirly 16th Apr 18, 10:29 PM
    • 6,445 Posts
    • 44,833 Thanks
    newgirly
    Back home yesterday from our weekend away total spending about 600 ish - quite impressive for two fairly lazy days. It did include a Levi jacket for ds2 and a shirt for dh I guess.

    The budget should withstand the hammering and still keep the same end date of may 2018, I do need to make some descisions mortgage wise soon though as I can actually apply now if changing to the nationwide.

    It won't of course be an offset anymore though, and even though we have resisted spending any in our current offset its been on the cards we really need to spend some money on a kitchen and new flooring downstairs.

    I'm not sure weather to hold some back or just get heads down and clear it and then save up after. To be honest I'd prefer to clear the mortgage and then borrow to pay to get it done asap I don't think the fridge will wait any longer unfortunately as I'd hoped it would, so I will look on eBay for a replacement now and try and hang on for everything else.
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • newgirly
    • By newgirly 22nd Apr 18, 7:17 AM
    • 6,445 Posts
    • 44,833 Thanks
    newgirly
    Oops I've been avoiding mse this week, mainly as I have been spending too much

    After long chats with dh over whether to extend the house/move/ have a new kitchen, I took the plunge and ordered a new fridge freezer its the one thing we can't wait for any longer! Our old (but pretty!) pink smeg actually starting oozing slime this week from its leaky freezer compartment.

    I did try and get a second hand one to tide us over but to be honest we have never had a brand new fridge EVER and I thought for a extra 200 odd we can I went for a huge stainless steel kenwood fridge freezer as you seem to get more value for money that way, larder fridges are dearer.

    Other than that I've bought a couple of pairs of summer sandals and some cheap clothes from primarni as my hope of not shopping until at goal weight is a bit unrealistic as it's hot. I've a few nice dresses I bought for he cruise last year, but really need everyday stuff.

    Also had two girls nights out this week!

    Not sure of the damage so far financially, I'm updating it all today.....
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • newgirly
    • By newgirly 25th Apr 18, 6:56 AM
    • 6,445 Posts
    • 44,833 Thanks
    newgirly
    I'm still avoiding the finances and it was payday yesterday

    It was a choice between going for a swim and starting to sort through the spending - I went for a swim, this is out of character.

    Dh has arranged for the builders next door to the factory to have a look at the log cabin as whilst he was clearing it out again at the weekend ready for painting, a flipping great hole appeared when the floor collapsed it was tiled, which it shouldn't have been as the movement leads to cracks.

    Builder is just advising dh how to do it himself , but it will mean a skip and materials. It does seem silly to be spending on the garden when there is so much in the house needs doing, but summers coming and I was hoping to do a lot more BBQ s and socialising, as well as dds boyfriends Dd loves gong in the hot tub.

    The cat has also resumed her old hobby of using he corner of conservatory as a toilet ( she does have a tray!) it's laminate so really needs replacing but I didn't want it doing until we are mf. The floor is warped already from an old leak we had there previously, so it's not ideal!

    All these issues are stressing me out a bit, I don't know how to budget, what term to apply for a new mortgage for, whether to slow down the ops a bit ( that will also be stressful adding to term), whether to continue at full pelt - stressful as things keep costing money.

    I need to work it all out I think, if we do relax a bit will it be just for minor repairs or more? i don't know and that's why my head is in the sand!
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • Moneyfordreams
    • By Moneyfordreams 25th Apr 18, 7:36 AM
    • 1,094 Posts
    • 5,434 Thanks
    Moneyfordreams
    slow down the OPs, get the jobs done without need to extend credit ? Easily said I know I tend to want things quickly unless my head is buried in the sand
    Mortgage restart June 2018 119950
    zero personal cc
    6x166 for sofas ending November 2018
    2500 on DD1s car cc
    • edinburgher
    • By edinburgher 25th Apr 18, 9:33 AM
    • 11,205 Posts
    • 60,151 Thanks
    edinburgher
    Jings NG - I can hardly keep up - you sound like a fun Mum
    • themadvix
    • By themadvix 25th Apr 18, 10:12 AM
    • 1,920 Posts
    • 11,085 Thanks
    themadvix
    With the cat have you checked she's not associating the tray with pain? I'm only speaking from experience but when one of ours starts going out of the tray is due to crystals in his urine which form due to stress/a proclivity for urine problems. No point replacing the laminate until cat has stopped - we've been through 3 Ikea doormats (as that's where he likes to go!)... at least they're cheap to replace.

    Sort through the spending - you'll be more stressed not knowing what the situation is currently, without worrying about decision making.... and then you'll be able to come up with a new plan
    OPs 2018 = 2090
    Moving savings = 3085
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jul 2018: 91,552
    MFW2018 no. 38
    • newgirly
    • By newgirly 26th Apr 18, 6:40 AM
    • 6,445 Posts
    • 44,833 Thanks
    newgirly
    Thanks for the comments

    Moneyfordreams, doing the work in steps would work if we don't go for any major things like extensions I guess.

    Hi Ed, not sure about the fun mum part

    Vix, thanks but I'm sure the cat is not in pain. She's a white Siamese and they can be prone to odd behaviour, my mum's Siamese sometimes goes on in strange places too.

    I think it's because I changed her litter for a couple of days a few weeks back and she took offence! it something she has done from time to time since being a kitten, but thankfully not often.

    I'm out to weightwatchers this morning then taking some bits back I bought the boys at the shops. I shall do a run through if the accounts before I go though.
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • edinburgher
    • By edinburgher 26th Apr 18, 9:42 AM
    • 11,205 Posts
    • 60,151 Thanks
    edinburgher
    Ah - you've got a pedigree cat? Probably just being uppity! We had a beautiful Burmese when I was growing up and while she was a proper "chocolate box cat", she was a bossy wee sod!
    • newgirly
    • By newgirly 26th Apr 18, 6:54 PM
    • 6,445 Posts
    • 44,833 Thanks
    newgirly
    I've had a couple of Burmese cats in the past Ed, they are lovely Uppity is a great way of describing them ours is mistaken for a crying baby when I'm on the phone to people who don't know us!

    Second weigh in day today and 3.5lb off so pleased that my efforts have paid off, the gym and swimming have helped.

    Money shuffle done at last and I'll update he figures soon, there will still be an op this month -that's something at least
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • XSpender
    • By XSpender 26th Apr 18, 7:10 PM
    • 3,051 Posts
    • 31,275 Thanks
    XSpender
    Well done on the weight loss
    Will update when remortgage gone through....

    Big black hole of debt - 53,515.15 @ 16.12.17
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