So in exciting news, we paid off the car loan last week and recieved confirmation in the post yesterday. We will be getting £56 back, and possibly £186 as we paid that as well as the whole balance, the person on the phone was unsure if it had been counted or not.
So we own our car outright! It doesn’t save us any interest as it was a set sum, but it’s nice to know it’s gone! Hubby has his new job and this means that he won’t have to pay the car anymore and goes someway to help with the fact he will be earning about £400 less a month. We will also, sadly, be reducing the mortgage overpayments to £50 until we get used to the reduction in wages, and then hopefully we can play around a bit and increase it again. That is another £200 less to find so this and the car loan should cover the loss of earnings.
So, whilst we have removed the car loan, I have got a £5k personal loan as I am going to have a gastric balloon fitted to help me with my weight loss issues. Part of me wonders if I should just bite the bullet and have the gastric bypass, but that is life altering (and over double the price) and if I can have the balloon and learn to change my eating behaviours (this company offers 18months psychological support) then I won’t need the surgery. That is my plan anyway. And I can afford my loan and pay a small chunk off the credit card every month, without it impacting on the house account or Hubby’s contribution.
So one giant step forward for the car, one small step forward with the mortgage and a step backward getting a personal loan- but ultimately if it can help me with my eating issues, then it will be money well invested.
Take care everyone!