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    • Busy Mee1
    • By Busy Mee1 1st Apr 16, 10:34 AM
    • 597Posts
    • 2,700Thanks
    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 23
    • themadvix
    • By themadvix 1st Mar 18, 8:34 AM
    • 1,644 Posts
    • 9,623 Thanks
    themadvix
    Great figures and plans BusyMee! Who on here doesn't love the figures
    OPs 2017 = 3103
    S&S ISA 2017 = 626
    OPs 2016 = 6142.12
    Starting balance 2012: 132000; balance Dec 2017: 96,822
    MFW2017 no. 38
    • shangaijimmy
    • By shangaijimmy 1st Mar 18, 10:35 AM
    • 2,704 Posts
    • 13,345 Thanks
    shangaijimmy
    Running the numbers is the best part having a diary, so enjoy every moment!! A mere 31 days to the next one!!
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • try harder
    • By try harder 1st Mar 18, 1:37 PM
    • 784 Posts
    • 3,007 Thanks
    try harder
    Fantastic monthly savings as always .

    Oh yes i love the sound of the final countdown over two years but hope you will stay around for the repayment part of the mortgage once you have retired .

    I am going to do exactly the same as you starting in April and use all the Ebax ,surveys and free money towards repaying the first of our three sub account repayment mortgages ,i think the smallest is around 10,200 and would save us around 140 a month that we could then move to repaying sub account 3 we have repaid SA 1 ,im looking forward to seeing your results you will do great
    • Busy Mee1
    • By Busy Mee1 4th Mar 18, 8:34 AM
    • 597 Posts
    • 2,700 Thanks
    Busy Mee1
    Frozen Wasteland
    Morning back again to a frozen wasteland. Thankfully all the roads are clear now but the snow and ice on the paths is solid. We have freezing fog this morning and it is snowing again. I am just hoping we can get out to go shopping in a while, although if we can't I am sure we can manage for a few days.

    I did quite a bit of catching up yesterday, lots of washing ......which means ironing today.

    I had a bit of a cookathon yesterday afternoon.I had a bag of sesame seeds to use up that I had bought YS from M&S, so I made it into tahini paste ( which I struggle to buy in the shops I use) It was really easy and keeps in a jar in the fridge for up to 3 months. I turned some of it into Hummous for this week's lunches ( tin of chickpeas, tahini, cumin, lemon juice, garlic and lazy chilli) and it was a real success and cost pence. Today I am going to make sweet potato falafel to go with it. I bought some a couple of weeks ago from M&S (YS of course) and DD really liked them. I looked up the recipe and they look really easy, so I will report back on how they went.

    In financial news I did all the beginning of the the month account shuffles. I need to sort out my new N@t West account today, register for online banking etc and transfer 1500 in and out, to qualify for the 125 switching bonus. I also need to ring my mortgage provider at some point to see what the situation is on overpayments and whether there are any limitations.

    I also need to start thinking switching my two donor accounts again, I will need two more regular savers for the next tax year and I might as well get the switching bonuses too. HSBC looks favourite with switching bonus of 200 each and regular saver at 250 per month @ 5%.

    This will give me the following regular savers

    NW. 2 x 250 a month @ 5%
    M&S 1 x 250 a month @ 5%
    S@nt. 1 x 200 a month @ 5%
    HSBC 2 x 250 a month @ 5%

    I could also switch the N@tWest account again (once I have received 125) to FD, which would pay another 125 and give me another regular saver of 300 a month @5%.

    Think that is about all, shopping, ironing and more cooking today - have a good Sunday everyone and keep warm
    Last edited by Busy Mee1; 04-03-2018 at 4:52 PM.
    • Busy Mee1
    • By Busy Mee1 5th Mar 18, 7:56 AM
    • 597 Posts
    • 2,700 Thanks
    Busy Mee1
    Monday
    Morning just a quick update so I can log my grocery spends from yesterday.

    I spent 77.58. A bit on the high side when the budget is 250 for the month, but we had run out of lots of things. I am hoping I can pull this back over the month.

    As promised I had a big cookathon yesterday and made:

    Spicy Red lentil and carrot soup (Good Food recipe) - this will cover my lunch this week

    A giant vat of "posh" chilli made with YS braising steak, including 3 tins of mixed beans to pad it out (Thomasina Miers recipe). Mr Mee and I had it for dinner last night with rice and it will feed all three of us again tonight with jacket potatoes, and I think a portion left over for the freezer.

    Sweet potato falafel. These were really easy and a big hit ( various recipes on t'internet but I just scraped the innards out of some microwaved sweet potatoes and mashed with a tin of chick peas, added coriander and cumin and the juice of half a lemon. I rolled them into balls and baked them in the oven. DD has taken some to work with HM Hummous, wraps and salad.

    The only fail I had was, I thought I would knock up some homemade hobnobs but after I weighed out all the dry ingredients realised I didn't have enough butter. I bagged up the dry ingredients so that they are more or less ready once I manage to get to the shops again.

    Think that is all - back to work today but thankfully working from home
    Last edited by Busy Mee1; 05-03-2018 at 8:29 AM.
    • try harder
    • By try harder 8th Mar 18, 3:19 PM
    • 784 Posts
    • 3,007 Thanks
    try harder
    You are doing so well with the switching Busy Mee1. I thought i would have a go and set up two DD a month ago but one is still not showing up in the account that i want to switch from and the offer runs out in around a weeks time so i havent done very well on my first try .

    Sounds like you have been cooking some lovely food up and all on a budget too ,you are doing really well but i never expect anything less from you ,i wish i was as organised and motivated .

    The sun is shining here today i hope it is with you too.
    • michelle09
    • By michelle09 9th Mar 18, 9:50 AM
    • 777 Posts
    • 4,277 Thanks
    michelle09
    Home made hobnobs sound delicious when you manage to pick up the rest of the ingredients!

    The rest of the cookathon sounds good too.
    • Busy Mee1
    • By Busy Mee1 9th Mar 18, 1:31 PM
    • 597 Posts
    • 2,700 Thanks
    Busy Mee1
    The hobnobs were yummy Michelle - I made them Tuesday and by this morning the tin was empty.......can't think what happened. Will make another batch later but even though I always use the same recipe they turn out different every time. Still yummy but different !
    • themadvix
    • By themadvix 10th Mar 18, 1:18 PM
    • 1,644 Posts
    • 9,623 Thanks
    themadvix
    Twinks? They're delicious! Haven't made any in a long time now though... will have to dig the recipe out (I used to make a double batch!).
    OPs 2017 = 3103
    S&S ISA 2017 = 626
    OPs 2016 = 6142.12
    Starting balance 2012: 132000; balance Dec 2017: 96,822
    MFW2017 no. 38
    • Busy Mee1
    • By Busy Mee1 12th Mar 18, 8:38 AM
    • 597 Posts
    • 2,700 Thanks
    Busy Mee1
    Rainy Monday
    I thought I had better just check in, the weekend was very busy and I just didn't have time to do any sort of an update.

    I have a funny week really, work was very quiet but I had lots to do at home, lots of tedious and irritating admin jobs. I did manage to get through my list quite well though.

    I have discovered the joy of a bullet journal ( read about them on someone's thread and thought what's that - and looked it up on google). So I now have a bullet journal, nowt posh but just a good way of organising your time and lists. I am finding that it really helps me keep on top of things.

    It has felt like quite a bit of an expensive week this week. I tried to renew my house insurance and suddenly found all the usual insurers turned me down for insurance . This is because we have had three claims in the last five years ( one of them nearly five years ago ) and so the mainstream insurers wouldn't insure us. I wouldn't mind but none of the claims were spurious or excessive, but it meant I had to go through a specialist broker and it cost 550 for the year . It has made me think that it is almost not worth claiming particularly for small losses. Still we will just have to suck it up this year, next year one of the claims will fall out of the five year period so it shouldn't be so bad.

    I had a nice afternoon out with DD on Saturday and she took me for lunch and cocktails for Mother's Day. We had a good catch up and went shopping but it cost me quite a bit of money as I tried to compensate her for the cost of the lunch.....The trouble is I know she is a bit hard up at the moment so didn't want her to be out of pocket, nor did I want to refuse her Mother's Day gift.

    I did have a bit of luck though. I had spotted a dress in M&S I liked, tried it on when shopping on Saturday but they didn't have my size, so needed to order it on line. Lo and behold I got an email on Sunday morning with an M&S sale preview via my Sp@rks card and 50% off the dress. It has been duly ordered.

    Yesterday we did the epic journey to see the elderly step parent and called at M@rrison to do him a big shop and also do our shopping while we were there. It was awful...so expensive and I ended up only buying the essentials and spending 36.35 this week. Even Mr Mee was horrified by the price of things, but it did mean that we didn't spend much of the budget. So far this month we have spent 113.93/250 and two weeks to go.

    We visited elderly step- parent, sorted him out, put shopping away and cleaned his kitchen ( the new carers seem incapable of wiping the sides down). He is now stocked up with at least 2 week's groceries. But that was our Sunday gone basically and back to work this morning.

    I have quite a busy week this week, travelling about so more back to normal. I am going to try and get back to the gym tonight...I haven't been in weeks because of my bad chest, but it is getting better now, so I want to try and get back to it.

    Have a good week
    Last edited by Busy Mee1; 12-03-2018 at 1:00 PM.
    • Busy Mee1
    • By Busy Mee1 12th Mar 18, 8:39 AM
    • 597 Posts
    • 2,700 Thanks
    Busy Mee1
    Sorry Mad Vix ...yes they are the twinks hobnobs
    • michelle09
    • By michelle09 12th Mar 18, 6:11 PM
    • 777 Posts
    • 4,277 Thanks
    michelle09
    Sounds like you have Borrowers in the house!

    Ouch, that is a lot for house insurance. Will remember not to claim unless the house falls down!
    • shangaijimmy
    • By shangaijimmy 12th Mar 18, 9:53 PM
    • 2,704 Posts
    • 13,345 Thanks
    shangaijimmy
    At times the weekend ends up that busy that we don't recover from the week at work! I used to love having a day off in work, but those days seem very rare now!!
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • Busy Mee1
    • By Busy Mee1 13th Mar 18, 7:16 AM
    • 597 Posts
    • 2,700 Thanks
    Busy Mee1
    Morning Michelle and Jimmy.

    I know what you mean Jimmy - sometimes I take a secret day off and don't tell anyone, so I can enjoy a bit of me time
    • themadvix
    • By themadvix 13th Mar 18, 11:39 AM
    • 1,644 Posts
    • 9,623 Thanks
    themadvix
    That's rubbish about the house insurance!

    Good news about the dress though
    OPs 2017 = 3103
    S&S ISA 2017 = 626
    OPs 2016 = 6142.12
    Starting balance 2012: 132000; balance Dec 2017: 96,822
    MFW2017 no. 38
    • Busy Mee1
    • By Busy Mee1 14th Mar 18, 8:45 PM
    • 597 Posts
    • 2,700 Thanks
    Busy Mee1
    Hotel life
    I am away for a couple of days for work, so enjoying a nice relaxing evening. A hot bubble bath, a hotel room picnic and my choice of telly. Bliss

    A few MS things to report:

    I rang our mortgage provider to find out about making overpayments to our repayment part of the mortgage. We can make unlimited overpayments, but we have to ring every time we overpay to reduce the term or it will just just reduce the regular payment. It probably makes more sense to continue offsetting or using higher rate regular savers........I will ponder.

    I was quite keen to chip off what I could from the term of the repayment part of the mortgage because we will continue to pay this beyond our retirement and obviously reducing the term means freeing up more income sooner.

    A few MS positives today as I took a porridge pot and a small flask of hot water on the early train for breakfast. I also passed the train journey by doing a Nectar Canvass survey, and these are nicely boasting my Nectar points. This evening I bought my hotel room picnic using a Tsco gift card. As I can claim this back on my expenses this effectively turns the gift card into cash.

    I was all set to apply for new HBC accounts, got half way through and remembered I don't have the details of my donor accounts for switching Will have to do it when I get home.

    Think that is all, everyone is complaining at home because the shop we did at the weekend was really carp but will have to limp along to weekend with what we have in ( and the fruit and snacks leftover from my hotel picnic !)
    • gallygirl
    • By gallygirl 14th Mar 18, 9:32 PM
    • 16,589 Posts
    • 109,544 Thanks
    gallygirl

    I rang our mortgage provider to find out about making overpayments to our repayment part of the mortgage. We can make unlimited overpayments, but we have to ring every time we overpay to reduce the term or it will just just reduce the regular payment. It probably makes more sense to continue offsetting or using higher rate regular savers........I will ponder.

    I was quite keen to chip off what I could from the term of the repayment part of the mortgage because we will continue to pay this beyond our retirement and obviously reducing the term means freeing up more income sooner.
    Originally posted by Busy Mee1
    I used to use regular savers as unofficial offsets on the mortgage (i.e. more lines on the spreadsheet ). Then when they matured I'd pay the lump sum off the actual mortgage - winner winner chicken dinner .
    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"
    • shangaijimmy
    • By shangaijimmy 15th Mar 18, 7:27 AM
    • 2,704 Posts
    • 13,345 Thanks
    shangaijimmy
    I do the same gally. And you get an extra set of delightful glee when you make the big OP... I have one coming in 14 sleeps
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • Busy Mee1
    • By Busy Mee1 15th Mar 18, 8:16 AM
    • 597 Posts
    • 2,700 Thanks
    Busy Mee1
    We currently have 3 regulars savers already but include these in our savings totals ( not the interest tho' that is a lovely bonus this month and next)

    I could only have 3 this year because we can only earn 500 each in interest (both higher rate tax payers)and our T@sco and NW accounts have paid well. When the NW 5% on 5000 finishes this month, I can open a few more regular savers, and intend to switch to H!!!8364;BC to get a couple more.

    March turns into a bit of administrative nightmare sorting all the accounts and spreadsheet out. I feel like I need a day off to do it !
    • try harder
    • By try harder 15th Mar 18, 9:03 AM
    • 784 Posts
    • 3,007 Thanks
    try harder
    I really dont know how you do it , i get completely muddled and forget to pass the money through the accounts each month and end up paying the fees on the accounts ,the same thing happened with the stoozing i forgot to set up a DD on one account and got a 12 charge and a warning for the missed payment ,it definitely is a full time job trying to keep everything running smoothly
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