Last weekend was painful - the car failed the MOT in a big way. So much so that it is pretty terminal and time to list it on Ebay. Consequently we now have a new car in which we had to part £1100 + new insurance. Oh well these things happen and fingers crossed this car may be a little better, certainly has a better reputation.
The wedding venue let us off the remainder of our bill (£115) as they messed a couple of minor things up.
Saturday 2 October 2010
Thursday 16 September 2010
Hello all, firstly thank you for the inspirational threads and diaries.
I have been aspiring to be mortgage free for a while and we have been regularly overpaying. We bought our house 3 ½ years ago and with things like DIY and a recent wedding any serious thoughts of clearing it kept being put on hold. However through chipping away and upping the payments we have reduced the term or the mortgage from 30 years to 17. I’m pretty happy with that now, but that certain things are out of the way (wedding) its time to up the anti a little.
My aim is to clear as much of the mortgage as possible before we move house again (around 3 years from now).
I will do this through saving cash and earning a little extra where I can. I am a procrastinator when it comes to a lot of areas in which I can save (switching, cashback etc) and where I can earn (matched betting mainly).
I only have a feel for how much I’ll overpay as my outgoings have tended to fluctuate quite a bit, This month I have returned from honeymoon and have been seriously tight on the ol' spending to clear the CC back to £0. My rough estimates of my monthly expenditure are as follows:
Mortage £640
Car:
Car Insurance £20
Car Maintenance £50
Car Tax £16
AA £9
House Bills:
(This is my 1/2 as the Wife and I split the bills)
Council Tax £65
House Insurance £10
TV License £6
Gas £21
Water £15
Electricity £33
Other:
Holidays £150
Gifts £55
Supermarket £250
Petrol £150
Internet/Phone £17
Train £20
Taxis £10
Fun Spending £30
Going Out £80
DIY £100
Gym £41
Total £1,788
I expect I actually spend much more than this so its time to record what I do spend.
As of this morning the mortgage stood at £173,205
I felt the need to get it below £173k so overpaid £204. The OH kindly matched the overpayment so it now stands at £172,759
We have an offset mortgage with no restrictions on overpaying so I will try and pay something each week. I’m going to try and use this diary to stop me procrastinating…
Cheers
I have been aspiring to be mortgage free for a while and we have been regularly overpaying. We bought our house 3 ½ years ago and with things like DIY and a recent wedding any serious thoughts of clearing it kept being put on hold. However through chipping away and upping the payments we have reduced the term or the mortgage from 30 years to 17. I’m pretty happy with that now, but that certain things are out of the way (wedding) its time to up the anti a little.
My aim is to clear as much of the mortgage as possible before we move house again (around 3 years from now).
I will do this through saving cash and earning a little extra where I can. I am a procrastinator when it comes to a lot of areas in which I can save (switching, cashback etc) and where I can earn (matched betting mainly).
I only have a feel for how much I’ll overpay as my outgoings have tended to fluctuate quite a bit, This month I have returned from honeymoon and have been seriously tight on the ol' spending to clear the CC back to £0. My rough estimates of my monthly expenditure are as follows:
Mortage £640
Car:
Car Insurance £20
Car Maintenance £50
Car Tax £16
AA £9
House Bills:
(This is my 1/2 as the Wife and I split the bills)
Council Tax £65
House Insurance £10
TV License £6
Gas £21
Water £15
Electricity £33
Other:
Holidays £150
Gifts £55
Supermarket £250
Petrol £150
Internet/Phone £17
Train £20
Taxis £10
Fun Spending £30
Going Out £80
DIY £100
Gym £41
Total £1,788
I expect I actually spend much more than this so its time to record what I do spend.
As of this morning the mortgage stood at £173,205
I felt the need to get it below £173k so overpaid £204. The OH kindly matched the overpayment so it now stands at £172,759
We have an offset mortgage with no restrictions on overpaying so I will try and pay something each week. I’m going to try and use this diary to stop me procrastinating…
Cheers
Thursday 2 September 2010
Ok here is the deal.
Time to up the anti!
"The name of the game is raising money fast and getting it into your mortgage account without delay. Don't let your money hang around: if you're really manic, you could deposit it every day, but once a week should satisfy most players. Remember that the "mortgage massacre" is guerrilla war – you need to raise what you need, get it in your mortgage account and then get out!"
This morning the mortgage stood at: £173,205
Right now it stands at: £172,759
Thanks to an overpayment of £204 which was nicely matched by the OH with £204
Very cool
(Next target £169,999)
Time to up the anti!
"The name of the game is raising money fast and getting it into your mortgage account without delay. Don't let your money hang around: if you're really manic, you could deposit it every day, but once a week should satisfy most players. Remember that the "mortgage massacre" is guerrilla war – you need to raise what you need, get it in your mortgage account and then get out!"
This morning the mortgage stood at: £173,205
Right now it stands at: £172,759
Thanks to an overpayment of £204 which was nicely matched by the OH with £204
Very cool
(Next target £169,999)
Friday 1 January 2010
Welcome
I'm 30 now and may be about to suffer a midlife crisis... I have a pretty well paid job and in many ways that has stopped me from saving more (huh?), as I don't really have to monitor what I spend. I realise I have saved well over the past few years, but probably not well enough. I probably now spend too much money on beer food and other extravagances and now would like to keep track of things. Since buying a house I've had a fair amount of savings for sometime now, which is very pretty good, but I'd like to increase these, but also importantly, start really paying off my mortgage.
I also made around £2700 from other money making activities such as matched betting, which was a good boost, and I rekon I should make around £2,000 this year with little effort. Also as they say, a penny saved is a penny earned.
This blog may help me to focus on a couple of objectives (to be refined over the next few weeks).
- Waste Less Money
- Pay Off Mortgage
- Enjoy Life More
A little tip someone once gave me - look after the pennies and the pounds will look after themselves.
I also made around £2700 from other money making activities such as matched betting, which was a good boost, and I rekon I should make around £2,000 this year with little effort. Also as they say, a penny saved is a penny earned.
This blog may help me to focus on a couple of objectives (to be refined over the next few weeks).
- Waste Less Money
- Pay Off Mortgage
- Enjoy Life More
A little tip someone once gave me - look after the pennies and the pounds will look after themselves.
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