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@resjudicata Yeah I think we'd rather have that emergency fund there for the time being, at least til the kids are out of childcare and we don't have the £1k monthly nursery fees.

@resjudicata We have a £10k savings pot. Also have £7k put aside to live off while I'm on Mat leave. L

@bluehere Not sure anyone would want to rent a room next to a 2 year old and a newborn...

@rjr1209 Either a 1% increase or going onto the proposed fixed will put us in a pretty sticky situation.

@mhrova I think we could just about manage the 6.6 fixed rate monthly cost but not be able to save anything. My husband's pay is due to increase in a couple of months. I'm going onto Mat Leave (have savings separately to cover my half of the bills etc) so I doubt I'll be in for any pay increases...

@mhrova If you were in our position would you take the fixed rate? Even if it put you in debt on a monthly basis?

@ibelong We were on a 5 year fixed, wish we'd done a 10 year now!

@rjr1209 This is for a 2 year tracker. Fixed rate would be 6.6% so would be worse for us than the tracker (hopefully) Kinda taking a gamble that interest rates will start going down in the next 2 years.

@roger1234 I guess what I'm really asking is if it's worth just putting that £50 into a savings account or if there's anything smarter we can do for the long term. Sounds like overpayment might be the best option as we have our emergency fund sorted and no other debt.

@bibleloverbill Us and a 2 year old. This is for food, household costs, fuel, sons clothes etc

@holla Nope. Statutory.

@myopier I'm going on Mat leave in 5 months (talk about bad timing) but husband is possibly getting a pay rise in October but I don't think it would be an additional £250 p/m

@anita007 Pretty solid. We have £500 a month in for food and household which we could tighten up but not by much. Other expense are just bills (energy, water, council tax, car insurance/tax, life and house insurance, netflix and Spotify) Pet insurance we could cut but it would be an absolute...

@beloved21 Staying with the lender. This is 1 part of a 3 part mortgage so needing to tie them all up eventually, end of 2025 we can make that happen

@cjwolf 5.9%

@middletrust What's a vanguard payment?

Due to the ridiculous interest rates at the moment we're looking at around £250 p/m increase on out £130k mortgage. Currently we save around £300 a month so it's basically wiping that out completely. Is it worth saving £50 per month at all?? Is it worth putting it into premium bonds? What would...