It’s all very quiet on the overpayment front at the moment due to wedding cost’s, all our spare money is going towards them. We are 100% determined that everything gets paid for in cash and that we carry no debt over into the new year from it.
We are however continuing to save loose change into our mortgage piggy bank, save £50 a month into my ISA and buying £100 of shares per month in our share builder account.
We’ve also listed all bf’s old cd’s on Amazon and have made over £70 in the last three months.
The October mortgage payment comes out this weekend, leaving a balance on the account of £134,362.
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Good luck!
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Thank you jorge:)
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Why Portugal in particular?
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Hi Sally…for the 300 days of sunshine, the people, the golf, the distance from the UK, the way of life. We just love it there.
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I think the ISA is a good idea (tax free savings). Not so sure about the Share Builder. I would think given that your goal is only five years away I would be tempted to use the Share Builder money in the ISA or just pay off a bit of the mortgage with it – especially given that US could go into recession. What was the thinking behind the Share Builder? Would be interested to know your thoughts.
Currently I’m over-paying on my mortgage and putting my £3,000 per year tax-free allowance into an instant cash ISA (Nationwide are GREAT!). The plan is to use the ISA to make a lump sum payment when my mortgage fixed-term ends in April 2008. It’s convenient timing – I also have a Nationwide E-savings account so I intend to clean out my ISA paying off the mortgage and then pop another £3,000 into the ISA using up my tax free allowance for 2008. This gives me some extra liquidity – you never know what might crop up. I like the idea of the instant cash ISA – but I’m not so keen on shares. Do you know something I don’t?
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