Cat issues…

Right, we are declaring war on our cat’s stress levels! Tinks has recently been more stressed in general, starting with a local male cat coming into the area inside the house by the back door. I’ve seen it in there once, but this and all the other cats which come through the garden are obviously making her stressed. She has been spraying a bit in the house and not been herself.

We’ve also been doing some decoration recently and have got two new armchairs, so a few things have been changed. She just came back from the vet with a diagnosis of cystitis, so the vet gave her some pain relief and we are starting up again with the cat pheromones.

There are also a few other things we’ll be doing…

– To stop or hinder the movement of other cats, I will build a fence across gap between shed and fence at the bottom of the garden. Claire’s Dad will also build us a new side gate as a combined Christmas present, which will hopefully help at the other end of the garden.

– The treatments, new sleeping basket thing from vet, a new chip operated cat flap (£80!), which our neighbour has also gone for. This will stop the cat(s) coming in.

– Tinks also likes the fire and last winter was always lying in front of it stretched out, so hopefully the more frequent use of it will help.

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Snowballing debt…!

Well, the subject of the post isn’t about debts rising out of control, but rather the opposite – a snowballing of debt reduction!

Claire has just got us onto the path towards the light and we are now planning on shortening the time it takes to pay back the credit card, loan and mortgage.

How will this be done? Well, Claire has just setup a new blog (yes, another one!) which is dedicated to this new phase in our evolution! It will contain all the figures and details but the point of it is to shift all of our spare cash into the debts to pay them off more quickly. We’ll reduce any spending which we can and put these savings towards the smallest debt first, in our case the credit card.

Once this is cleared, in roughly 9 months, the monthly payments which were going to pay that credit card off (as well as the minimum payment) will be diverted to the next debt, which is the loan which was partly used to buy the solar panels and insulated render. Once this loan is paid off, in 2 years instead of 5, all of the funds will then be focussed on the mortgage. At this point, Claire has calculated there will be an extra £640 going into the mortgage, with a total of £1,120 being put in every month (compared with the usual £480).

This will mean a mortgage term of 7 years as opposed to 25! Claire has worked out that in nearly 12 years (taking into account the time it takes to pay off the other two smaller debts), we can be debt free and in a home we own outright!

The other side of the equation is increased income which could be focussed on the debts. There are loads of ways to bring in more money and even £50 a month would make a big difference over a couple of years (£50 p/m over 2 years is £1,200). The key is to not spend it!

Well worth considering for anyone with any kind of debt and I can see a lot less stress with much reduced debts.

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