Wednesday, March 30, 2011
This month seems to have flown by, but with my continuous flow of work, plus some extra income from selling a few books and some of the children's clothes it looks like its set to be a good one which is great news. We are using the extra earnings to buy premium bonds or pay off chunks of our mortgage. I may start just paying off more mortgage rather than putting it in premium bonds soon, it depends on whether the interest rates go up. At the moment we are paying 0.96% on the mortgage and earning 2.2% on the premium bonds. I do this calculation often and once the interest rates are higher than the return I am seeing then I will be inclined to change to just paying off the mortgage.