Money Mages' Personal Finance Grimoire

September 2020 Savings Report

Welcome to our September Savings Report.

This report marks 12 months since the first-ever Money Mage Savings Report. If you’re a regular reader of these reports you know they are average. Trite. Maybe even a bit boring.

I don’t apologise for that.

Our net worth has increased over 25% since last September, and that is the lesson you... [[continue reading]]

Should I overpay my Mortgage?

With cash saving rates so low, everyone is asking: Where do I put my savings? Should I overpay the mortgage instead?

Keeping in cash is less and less attractive as inflation erodes your cash’s buying power as the years go by.

One obvious answer is to overpay your mortgage. If your mortgage interest rate is greater than your savings... [[continue reading]]

6 Reasons to Batch Cook

The other-MM and I love our food.

We’ve been together for 19 years this October and every single one of those years we’ve loved. A little too much!

But food is also a social activity for us. Whether it be eating out, or cooking together. We talk. We help solve each other’s problems. We have fun.

So cooking for us... [[continue reading]]

Save more money with DIY

The Money Mage household needed some critical maintenance on the outside this year. We bought the property 7 years ago and have mostly focussed inside, as outside wasn’t too bad.

But over the past 7 years, outside has been deteriorating.

We have two balconies that needed some resurfacing & repair. And making them water tight. The windows and fascias needed... [[continue reading]]

August 2020 Savings Report

Welcome to our August Savings Report.

August celebrates our 1 year anniversary of being mortgage free.

We’ve had over £13K more cash kicking about this year because of our mortgage freedom. That’s money we’re able to invest. My part has been going into my pension to benefit from pension tax relief. We don’t regret clearing our mortgage one... [[continue reading]]