Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Busy Mee1
    • By Busy Mee1 1st Apr 16, 10:34 AM
    • 609Posts
    • 2,770Thanks
    Busy Mee1
    Getting a Grip and Saving towards the mortgage
    • #1
    • 1st Apr 16, 10:34 AM
    Getting a Grip and Saving towards the mortgage 1st Apr 16 at 10:34 AM
    A potted history of me and mine - we are me, OH, DS (25) and DD (23) who since I last wrote has moved in with her boyfriend but I am still financially supporting as she is in her last year at university. Son is financially independent, still living at home but looking to buy his own place shortly.
    We have a large mortgage because we built out own house 7 years ago. We do however have a great mortgage deal - a lifetime tracker of 0.69% so instead of overpaying the mortgage I put any spare cash into higher paying ISAs and have until now been looking longingly at some of the higher rate current accounts - we are both higher rate tax payers so have been pointless using anything but ISAs until now.
    The numbers:
    Mortgage debt: Jan 15 £288778.23. March15 £286,217.61. Jan 16 £277958.44
    March 16 £275,920.98

    Savings: Jan 15 £22080.81 March 15 £25,790.53 Jan 16 £34,361.10 March 16 £36966.91
    I have kept up the saving, averaging £1000 per month.
    I also set myself a goal of losing a stone and I have lost a stone and a half
    I think setting goals in writing on here really worked for me and so I am back
    Last edited by Busy Mee1; 20-02-2018 at 2:54 PM.
Page 21
    • Busy Mee1
    • By Busy Mee1 3rd Jan 18, 11:33 AM
    • 609 Posts
    • 2,770 Thanks
    Busy Mee1
    Cheeky Mid Week post
    So work is still very quiet, lots of people (obviously the ones that create work) are not back until Monday, so I thought I would do a cheeky update in between teleconferences.

    I seem to be ticking quite a few jobs of my list:

    I have sorted a couple of problems out for the elderly step-parent or I will have when I go to see him at the weekend. I know what I need and have the right people involved.

    I have played the annual game of chicken with Sky....”I would like to cancel my package because I can’t afford it” managed to get it down from £80 per month to £46 for 18 months

    Paid £80 in 20 p coins to bank along with refund cheque. Also got a £156 refund from cancelled Peter Kay tour.

    The leftover concoctions of parsnip and lentil curry and veg and coriander soup worked well. ( leftover concoctions are always a bit touch and go ).

    I made ham and leek baked risotto last night ( one of Fortune’s Good Food recipes) to use up cream cheese, diced Christmas gammon and a lemon. This is a firm favourite in our house and really easy.

    I have also booked a bargain winter sunshine break at the end of Feb to visit some friends

    The Christmas decorations are down and the diet is going well .....well it is day 2

    I am doing the 16:8 diet which suits me well. It means I am only eating between 10 and 6 and fasting the rest of the time. Hopefully a couple of weeks will help shift the Christmas weight. I also need to get back to the gym but finding it hard to motivate myself.
    • michelle09
    • By michelle09 3rd Jan 18, 7:22 PM
    • 785 Posts
    • 4,336 Thanks
    michelle09
    Paid £80 in 20 p coins to bank along with refund cheque.
    Originally posted by Busy Mee1
    Bet they loved you.

    The joys of company phoning, well done with the Sky though. It just intensely irritates me that you have to play this game in order to get a good deal.
    • try harder
    • By try harder 5th Jan 18, 10:25 AM
    • 787 Posts
    • 3,036 Thanks
    try harder
    Good to hear that things are going well . I never get any joy when i call BT lately to say that i will be leaving so i am stuck with them as i dont want all the hassle of changing when i am very happy with the service they provide just wish it was slightly cheaper.
    • Busy Mee1
    • By Busy Mee1 6th Jan 18, 8:23 AM
    • 609 Posts
    • 2,770 Thanks
    Busy Mee1
    The scales of doom....
    So this morning I have braved the scales of doom and can report that I put 4 lb on over Christmas . This is not the worst weight gain I have ever had, but it is clearly not good either. I still haven’t made the gym this week, but I have got out walking and increased my step count. I have more or less stuck to the 16:8 diet this week, there was only one morning where I needed to eat before 10 or I was likely to rip someone’s head off . I need to get focussed now and get some weight shifted before we go away at the end of Feb.

    Not much MS news, I ordered some new boots from N3xt for £46 but then saw some identical ones in the Cl@rks outlet for £30 so got those instead. Other than that it has been NSDs.

    The fireplace company rang me yesterday and I said that we don’t dislike the fireplace ( I didn’t tell them that I love,love,love it !) and that it would be a waste to have to knock it out and redo it. I would therefore be happy to keep it if they would do us a bit of a deal on it. They are going to ring me back....

    We have a busy weekend, I need to clean up this morning and then we are visiting the outlaws this afternoon. The kids are coming too as they didn’t manage to see their Grandparents over Christmas for various reasons. Tomorrow we need to do the shopping and then we have the long drive over to see the elderly Step- Parent and do a few admin tasks with him.

    Thanks for popping in everyone ( and Michelle I bagged up the 20ps, so they only needed weighing )
    • michelle09
    • By michelle09 6th Jan 18, 3:06 PM
    • 785 Posts
    • 4,336 Thanks
    michelle09
    I suspect if you hadn't then they would have given you bags to sort them anyway.

    Well done on the boots. I detest Clarkes (not necessarily their fault, I had a vaguely traumatic experience there nearly 20 years ago) but that is a seriously good discount.

    Am sure the weight will come down quickly again, no point dwelling on it.
    • try harder
    • By try harder 12th Jan 18, 6:21 AM
    • 787 Posts
    • 3,036 Thanks
    try harder
    Morning Busy Mee1 .Hows everything going weight wise ,gym wise ? Its good that you are getting out for some nice walks ,do you do that before you go to work or in your breaks .
    Looking forward to your update
    • Kittenkirst
    • By Kittenkirst 12th Jan 18, 8:58 AM
    • 1,897 Posts
    • 10,186 Thanks
    Kittenkirst
    Hope the gym motivation is holding out Busymee1
    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
    • Busy Mee1
    • By Busy Mee1 15th Jan 18, 8:06 PM
    • 609 Posts
    • 2,770 Thanks
    Busy Mee1
    Blue Monday
    So I woke up this morning with a very bad case of the miseries and then I read that today is Blue Monday the day of the year when more people feel down than any other day.

    However as the day has worn on the miseries have lifted and it has turned out to be quite a good day.

    Firstly tahdah ......I have been to the gym for the first time in weeks. I did a body pump class and ran on the treadmill for 10 minutes and I feel GREAT! Why, oh why have I not been able to motivate myself to go before now...I know it lifts my mood and generally makes me feel better about myself. So that is it now, I need to get going again regularly.

    Secondly, we have both just received emails to say we have been awarded £250 each for switching to the Clydesdale Bank. £500 for a little bit of effort on my holiday I will be putting it towards our next holiday.

    All in all more of a Yellow Monday after all x
    • try harder
    • By try harder 15th Jan 18, 9:15 PM
    • 787 Posts
    • 3,036 Thanks
    try harder
    Ah lovely to see you and even better to hear you so upbeat ,yes definitely keep up the gym it makes you feel so much happier i know.

    Wow,well done on the switch ,£500 that is Amazing clever you ,wish i could do that but i dont think anyone would want us let alone pay us .Great start to the year.
    • themadvix
    • By themadvix 16th Jan 18, 9:02 AM
    • 1,717 Posts
    • 9,989 Thanks
    themadvix
    It's amazing, isn't it, how difficult it can be to motivate oneself to exercise, despite the amazing high it gives you when you've done it! Glad you had a good session at the gym

    £500 for maybe an hour's work? I really need to get onto this this year!!
    OPs 2018 = £2090
    Moving savings = £636.46
    OPs 2017 = £3103
    Starting balance 2012: £132000; balance Jun 2018: £92,000
    MFW2018 no. 38
    • Busy Mee1
    • By Busy Mee1 25th Jan 18, 10:40 AM
    • 609 Posts
    • 2,770 Thanks
    Busy Mee1
    Gloomy January
    Morning ! Just noticed that it is over a week since I have posted, no excuses other than I have been hunkered down against what does feel like a very gloomy January. We have had some horrendous weather and days where there has barely been any daylight. It is looking much better today, so will try and get out at some point.

    Unfortunately at this time of year “the black Dog” lurks for me, so I have been in self protection mode, not taking on any more than I can cope with at home and at work. We are nearly at the the end of January now though, and psychologically that feels better.

    We have a weekend away booked (European City break) next weekend and a week in the sunshine at the end of February, so some nice things to look forward to. Unfortunately self protection mode has meant spending a bit more money but I will come on to that

    The Financial Stuff

    It has been a bit of a mixed month on the spending front. The grocery spends have been reasonably frugal ( around £200 spent so far) This was largely due to full cupboards and freezer after Christmas and also because I have managed to shake Mr Mee off and do the supermarket shopping on my own. We have however spent quite a lot on eating out, we have had two lots of friends to stay over two weekends and had a takeaway one weekend, which was £40 for four of us and we went out to the local Indian with the other couple and our share was £40. We also went out for DD’s Birthday and paid for the 5 of us £80 ( DD’s new boyfriend came too). This was all because I couldn’t face cooking at the moment, in addition to working and getting the house ready for guests.

    In other news I have the final bill for the fireplace and they have knocked £200 off it, I had hoped for a bit more but I am not going to complain because I do love it.

    Overall financially January has been quite a good month and I have managed to save over £1600 this month.
    February however, will be another matter We have a couple of big credit card bills (sunshine holiday and car stuff for Mr Mee’s car), we also need to find spending money for the weekend away and the sunshine holiday. We will need to be ultra frugal when we are at home. I mentioned to Mr Mee that things will be tight in February and his response was to not save as much in February. I...don’t....think so
    We will be frugal - I have my targets to meet

    Health Stuff
    I am generally feeling OKish despite gloomy January. I have only lost a paltry 1lb since Christmas and only been to the gym once ( had a trapped nerve in my shoulder this week) This seems better today, so no excuses now. I would like to lose 2lb before our weekend away next week.
    We have also booked our big “travel” holiday for this year, which gives us something to plan and look forward to.


    I think that is all for now. I am off for my eyes testing in a while and desperately need new glasses, so there is likely to be some spending there.
    • try harder
    • By try harder 25th Jan 18, 11:21 AM
    • 787 Posts
    • 3,036 Thanks
    try harder
    Ah lovely to hear from you as always .A bit of a mixed bag there but mostly all very positive .I feel exactly the same as you , this month is and has been extremely difficult i guess we all look forward to a New Year with such high hopes of all the great things we think we will do and things we will achieve its all a bit of an anticlimax after weeks of high adrenaline and the excitement of working up to Christmas.I have to say that i have felt very low .

    Good news about the fireplace at least thats £200 you saved so well done and well done saving another great amount this month you are doing so well there too.

    I think you will feel so much better once you are able to get back into the swing of things at the gym ,it always makes a huge difference to your wellbeing i hope you get back soon maybe tomorrow.
    • shangaijimmy
    • By shangaijimmy 26th Jan 18, 7:19 AM
    • 2,736 Posts
    • 13,572 Thanks
    shangaijimmy
    January can be horrible for many of reasons! Nearly at the end now, and as the light starts to improve in February the year properly starts!
    MFW: Turning June 2036 into March 2025... 39//120 Payments Challenge, Diary Reduction £42,061.17
    Aug 2009: £163,051 // Current: £93,938.84 // Avg Daily Interest £4.22
    MFiT-T4 #8 - 74.24% of £41,000
    • themadvix
    • By themadvix 26th Jan 18, 9:05 AM
    • 1,717 Posts
    • 9,989 Thanks
    themadvix
    Sorry to hear you've been feeling down in the dumps BM, but your reaction to your husband's suggestion of saving less, it sounds like you haven't entirely lost your mojo!

    You've got some nice things to look forward to there
    OPs 2018 = £2090
    Moving savings = £636.46
    OPs 2017 = £3103
    Starting balance 2012: £132000; balance Jun 2018: £92,000
    MFW2018 no. 38
    • Busy Mee1
    • By Busy Mee1 28th Jan 18, 8:37 AM
    • 609 Posts
    • 2,770 Thanks
    Busy Mee1
    Mr Mee is revolting !
    On the whole Mr Mee is generally supportive of everything that I do, but he has a totally different attitude to money than me. He never went without as a child and therefore never worries about money and the lack of it. At the moment he is rebelling against my saving so much, because he believes that our finances will “come right” in the end.

    I just can’t live with this “ kick the ball and hope” kind of approach....I like a plan and the security of that plan.

    The fundamental problem is that Mr Mee wants a new car and I am trying to resist. We don’t need a new car, he has a very nice 3 year old car which by most people’s standards is lovely. Mr Mee on the whole doesn’t ask for much but this whole car thing has cost us thousands over the course of our marriage, so I am resisting with all my might at the moment. Hence his mild revolt I think.

    So the conversation on Thursday night went like this Mr Mee: “ shall we go to the pub for tea tomorrow?

    Me: “ We can do but we only have £40 left until pay day”
    Him: But we haven’t only got £40 have we ? We have £60k in the bank
    Me: Sigh .. but we haven’t really got £60k in the bank have we..that is earmarked to pay the mortgage off and we are still £180k short...

    I am starting to think that I should use the savings and actually pay it off the mortgage, even though it makes no financial sense to do so. It will stop it burning a hole in his pocket !

    In the meantime I think I need to go about this MS business quietly and in a way that means he doesn’t feel like we are being tight with money. I need to be careful of the language I use around him ( no saying we are skint this month) and generally go about saving money without making him feel as if he is doing without. For example I haven’t told him that my new target is to save £1600 per month and £20k by the end of the year....this needs to just happen as if by magic and be a lovely surprise for him !

    I can do this ... I have saved £1600 this month and he hasn’t suffered at all- in fact we have managed to eat out quite a lot.

    I have managed the grocery spend really well and my final shop of the month yesterday was £37, bringing the monthly total to £237 for January. We did have quite a lot of food left after Christmas and I have been shopping carefully around what we have. It is all the small things that I do that make the difference to the grocery budget, for example:

    Stocking up when regular staples are a good price. This weekend dishwasher tablets £1.99 for 40 in Lidl.

    Cooking from scratch, this month I have made lots of soup. Our new favourite is Nana’s magic soup (see T@sco website for recipe). Making sure nothing is wasted and that we meal plan to use everything that we have

    Watching portion control, for example buying a large loaf and splitting it and freezing instead of buying small loaves. A large sliced wholemeal loaf is £45p in Aldi v a small loaf at around 80p. I split into 3, so effectively 15p a portion. This saves on waste and the bread is always fresh.

    We all take all of our food and drink to work, so both Mr Mee and I have NSDs every week day, unless we have to pay for parking.

    I am hoping to have a reasonable month next month too, as we are away quite a lot. I had to chuckle though, the friends who we are going away with next weekend messaged to ask if we are taking sandwiches to the airport rather than paying extortionate airport prices for food.

    These are friends who are very capital rich/income poor and achieved financial independence at the age of 51 and retired. They are very savvy with money and will on the one hand take sandwiches to the airport, but on the other hand upgrade to business class when flying long haul. They are always looking for ways to make their money go further, and their attitude is that they would rather spend the money saved at the airport on a decent meal while we are away. They are definitely people after my own heart and it does Mr Mee good to see it is not just us being careful

    Thanks Try Harder, Jimmy and Madvix for popping in. I am feeling a bit more like I have my mojo back again ...we had a couple of days of sunshine this week that made me feel a lot better.
    • try harder
    • By try harder 28th Jan 18, 10:09 AM
    • 787 Posts
    • 3,036 Thanks
    try harder
    Lovely post and very humorous for us looking in but i can see how it feels from both sides .I completely agree that it would be best to not speak about anything to do with money saving as much as is possible anyway.I know that i am now completely obsessed with so many aspects of budgeting and saving that i now find myself thinking about it all the time and also talking about it to others lots of whom have absolutely no interest and think i am rather sad.I wish sometimes that someone else would do all the thinking and i could see the total growing every month in the bank , you are saving a fantastic amount every month and as you say on the whole Mr Mee is very ,very good .

    Im so glad you are feeling much happier again now ,it is staying lighter longer every day day now which is lovely too it will soon be spring ..Well done on your grocery shopping too just over £50 a week is brilliant .
    • michelle09
    • By michelle09 28th Jan 18, 10:59 AM
    • 785 Posts
    • 4,336 Thanks
    michelle09
    It's one of the reasons that I tend to put most of our savings straight onto the mortgage. Then we don't have it. and there can't be any fights. Mr M isn't fond of all the MS I do, but does like the results (esp when I knocked £100/month off our mortgage repayments!)

    Your friends did amazingly well. And I'm with them, I don't see the point of being MS at all costs, but using the money for things that are important to you.
    • gallygirl
    • By gallygirl 28th Jan 18, 11:24 AM
    • 16,605 Posts
    • 109,623 Thanks
    gallygirl
    I had to chuckle though, the friends who we are going away with next weekend messaged to ask if we are taking sandwiches to the airport rather than paying extortionate airport prices for food.

    These are friends who are very capital rich/income poor and achieved financial independence at the age of 51 and retired. They are very savvy with money and will on the one hand take sandwiches to the airport, but on the other hand upgrade to business class when flying long haul. They are always looking for ways to make their money go further, and their attitude is that they would rather spend the money saved at the airport on a decent meal while we are away. They are definitely people after my own heart and it does Mr Mee good to see it is not just us being careful
    Originally posted by Busy Mee1
    Good to see you brighter .

    Hats off to those friends, they've identified what is important to them and gone for it .

    When Mr BM thinks it will come all right in the end - what is his idea of the 'end'? Do you have long term plans for retiring etc? I found it much easier to be sensible (aka 'downright stingy' ) with money when I decided on the long term goal of retiring at 55. I then worked backwards from that, e.g. I wanted to pay the mortgage off (I was only working to a maximum 8 year timescale so that worked better than investing) by xx date, I wanted xx in my pension pot by yy date etc. That then got broken down to mini-goals - pay x off the mortgage this year - and that got further broken down into micro-goals - pay x off this month. Maybe we shouldn't take about the nano goals and 3p overpayments etc . Seeing how your targets fit into macro goals, and then measuring progress against them, might help?
    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"
    • Busy Mee1
    • By Busy Mee1 28th Jan 18, 5:52 PM
    • 609 Posts
    • 2,770 Thanks
    Busy Mee1
    Thanks Try Harder and Michelle .... I am glad it is not just me working away quietly at all this stuff. Mr Mee is always pleased with the results he just doesn’t like me being tight ( I like to think savvy tho’ )

    Gally - we are working towards Mr Mee’s retirement in 2 years. He is 5 years older than me and will retire at 60 ( although he could choose to work longer if he wants) He has categorically said he will retire then, and after 43 years I can’t blame him. He will receive a good final salary pension and lump sum.

    We have a mortgage that is set to run until my 60th Birthday, part is repayment and part interest only. It is the interest only part £169,000 that I am saving to pay off. I hope to have £100k saved by the time Mr Mee retires, which along with most but not all of his lump sum will cover this.

    Once Mr Mee retires I will continue to work, but I am not sure how long I will want to. So, actually what writing this down makes me see is that I have more of a vested interest in this than he does. The better off we are financially the more choice I have on when I finish work.

    The good news is that we do have a plan B, which means we sell the house and downsize to a mortgage free property...that is Mr Mee’s fall back position and why he is not worried about the finance. I just want us to have the choice
    • themadvix
    • By themadvix 29th Jan 18, 9:33 AM
    • 1,717 Posts
    • 9,989 Thanks
    themadvix
    Hi BusyMee,

    I think it's very hard when as TH says, it becomes an obsession (which it has to be if we really want to make every penny count) and your other half (or other people in general) aren't as interested/committed as you. I think the clarity you got from responding to Gally's post is perhaps something you should discuss with Mr Mee - would it help him see what you're doing (I appreciate that I'm sure you've already discussed it many times, but sometimes returning to the big picture is a useful reminder).

    It's great you're going on holiday with friends who are completely on board and I totally agree with them about sandwiches vs business class!!
    OPs 2018 = £2090
    Moving savings = £636.46
    OPs 2017 = £3103
    Starting balance 2012: £132000; balance Jun 2018: £92,000
    MFW2018 no. 38
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

164Posts Today

3,089Users online

Martin's Twitter