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  • FIRST POST
    • mumof3.12kindebt
    • By mumof3.12kindebt 23rd Oct 17, 9:38 PM
    • 205Posts
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    mumof3.12kindebt
    Best put on my big girl pants! my saving for a deposit diary
    • #1
    • 23rd Oct 17, 9:38 PM
    Best put on my big girl pants! my saving for a deposit diary 23rd Oct 17 at 9:38 PM
    My diary to debt free and saving for a deposit by 35 .

    we aim to save 25k before even going to the bank for a dip

    current age 25 . current financal status . trying but not trying hard enough . in debt with hardly a pot to wee in ... it has to change ... from today

    we have consolidated our debts as of November so will just do an update regarding extra payments and a remaining balance every few months.

    for the most part this will be my diary on saving for a deposit the highs lows and raising 3 children all currently 8yo or younger while doing it .
    Last edited by mumof3.12kindebt; 02-12-2017 at 5:56 PM.
Page 5
    • mumof3.12kindebt
    • By mumof3.12kindebt 28th Dec 17, 8:51 PM
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    mumof3.12kindebt
    I need to schedule in When we will paint the hall and finish the tiling in there when I get my next rota for January. I think im just going to finish the tiles and re do the ones that aren't laid well instead of paying out for carpet

    Also realised eldest has another residental trip with school next year so need to factor in that into the budget.

    Another Thing.
    I realised on the first page of this diary I aimed to save 10k . Whereas now we are hoping to save 15-20k by this time next year. 20k would be pushing it. Would mean Id have to get overtime at work regularly and sticking to an Extreamly tight budget but we will see.

    At the moment I hope to save
    5k by April
    10k by August
    15k by December

    If we can save more amazing . If we don't quiet hit the targets and haven't been wasting money in not going to beat myself up about it.

    I'm lucky in the sense we all enjoy the less expensive. Things in life. For example I'm greatful to be able to have a bath in peace every now and again or a good night sleep a duvet day or trip to. The park with the kids or small home improvements all makes me feel good.

    We don't drink. Not on a regular basis anyway. And dont eat out or get takeaways often anymore and don't miss it.

    We are smokers but we. Have cut down and plan to quit in January completely.

    We sound really boring

    But we aren't and we are all happy
    • mumof3.12kindebt
    • By mumof3.12kindebt 28th Dec 17, 10:23 PM
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    mumof3.12kindebt
    Still no prices released for the development in the village. But found an article about one the companies other developments and if the pricing is about the same. We are looking at needing around a 6k deposit by July / August 2018. If we can afford to do this option then we have decided we will go down the part buy route to stay in the village and later on look at possibly selling and remorgaging to buy the traditional route or seeing if we can staircase to 100% ownership but we wouldn't remorgage to staircase we would buy 5-10% at a time with cash.
    That's the overall plan anyway. If we cant afford the part buy we are going to go down the traditional route and buy outside the area. (something we really want to avoid If possible) and save enough to put down a 20% deposit. So overall for now we still need to aim for that 10k + by August
    • mumof3.12kindebt
    • By mumof3.12kindebt 29th Dec 17, 6:43 PM
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    mumof3.12kindebt
    spoke to partner he's going to transfer a set amount each month to savings after what is left after his bills it's not much but it all adds up. We have £150 in the money box so a total for January is 2400 in our house fund.
    • newgirly
    • By newgirly 30th Dec 17, 12:19 PM
    • 5,998 Posts
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    newgirly
    A great start

    Good luck giving up smoking, my dh still does (no where near me - I can't stand it!) it will be hard but so worth it and think of all that extra cash for the house fund
    MFW 21
    Target for 2018 £40k/£0 paid so far

    Mortgage £47,000 4yrs 5 mths left. Total owed £61,942 planning to clear in 17 months
    Weight loss target 2018- 21lb /2.5 lost
    • Blibble
    • By Blibble 30th Dec 17, 12:33 PM
    • 302 Posts
    • 290 Thanks
    Blibble
    I'm in a similar boat, but aiming to cutback on drinking rather than smoking in the new year! It's a health thing as much as anything else, but the extra £100 or so a month will soon add up! You've made some great inroads so far .
    OnePoll: £109.45 - Populus: £145 - LuckyPhone: £42.40 - FBL: £27.80 - Crowdology: £4.88 - Prolific Academic: £11.03 - Research Opinions: £3.04 - Quidco: £0
    Total extra income: £343.60
    • mumof3.12kindebt
    • By mumof3.12kindebt 30th Dec 17, 10:49 PM
    • 205 Posts
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    mumof3.12kindebt
    thankyou both for taking the time to reply. I hope you both have a lovely 2018
    I'm going to give the quitting smoking my best attempt. I've been a smoker since I was 15 Bar pregnancies so it wont be easy. And although I'll be glad to no longer need to smoke and I'll save a small fortune it's nights like tonight at work where I was left nothing to do for 20 Mins at a time a smoking break to help kill the time was great.

    I'm going to carry on saving as much as possible over the next few months.
    Few questions if anyone is able to help.

    Have they brought in the thing for no stamp duty yet for first time buyers. ? If not is it based on the full market value of a property Or would we not be liable to pay it if we did a part buy for 100k for example with a property value of 220k could someone clarify for me how it works. I'm very tired and google is confusing me.
    Also how much are we looking at in solicitor fees and other essential moving costs. We don't have a Chain as are ftbers moving to another empty property if we do the part buy.
    We won't need to hire a van so that's one cost saved. We would need Carpet if we were to buy a new build but happy to leave it until all other costs have been paid before spending out on carpet. Etc

    Just trying to work out if 4k after the deposit will be enough as to weather the part buy would be doable for us or not
    Thankyou
    • mumof3.12kindebt
    • By mumof3.12kindebt 30th Dec 17, 10:59 PM
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    mumof3.12kindebt
    Regarding stamp duty I've managed to find the answer. We won't need to budget for that as we would be exempt from paying it as the property would be less than 300k and we are both first time buyers so that's one massive saving for us
    • mumof3.12kindebt
    • By mumof3.12kindebt 31st Dec 17, 3:58 PM
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    mumof3.12kindebt
    Today is a nsd.
    Tomorrow is the first day of 2018 . ! Tonight I'm going to just chill with my family. Awaiting to see the new year in.
    Tomorrow I'm hoping to take the Dec's down. If partner agrees
    • mumof3.12kindebt
    • By mumof3.12kindebt 1st Jan 18, 3:24 PM
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    mumof3.12kindebt
    today we took a rare trip into town.

    We brought a carseat for middle son for when he exceeds the weight limit in his current one. We got it in the sale and paid using a gift card so only had to add £5 cash to it

    We traded in some old games to cex making £15 to add to the house fund

    I used my boots clubcard points to buy the baby a training cup so no money spent there.

    I used my boots voucher to stock up on nappies adding an extra £3 cash.

    We did a food shop for £38

    Total cash spend today £46 before vouchers £96 plus £15 extra cash in the savings box

    Overall a good day and the £46 spent is within our budgeted expenses
    • mumof3.12kindebt
    • By mumof3.12kindebt 1st Jan 18, 3:25 PM
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    mumof3.12kindebt
    Oh I also got youngest some leggings in the sale with a voucher she had for Xmas so a no spend there and still £20 left on her gift card for when she needs something else
    • mumof3.12kindebt
    • By mumof3.12kindebt 1st Jan 18, 3:28 PM
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    mumof3.12kindebt
    oh I almost forgot we spent £1 in parking. Making today's total spend £47
    • Tahlullah
    • By Tahlullah 1st Jan 18, 9:20 PM
    • 822 Posts
    • 4,743 Thanks
    Tahlullah
    The parking was cheap! All good with your plans going forward and with controlling the spending.

    Tx
    Striving to be mortgage free.
    2018 MFW #135

    £100 of £2000
    • mumof3.12kindebt
    • By mumof3.12kindebt 1st Jan 18, 11:16 PM
    • 205 Posts
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    mumof3.12kindebt
    It was Sunday rates At one of the carparks so £1 all day it's normally £0.90p - £1.20 an hour in our city depending on where you park x
    • mumof3.12kindebt
    • By mumof3.12kindebt 2nd Jan 18, 5:14 PM
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    mumof3.12kindebt
    Managed to bag myself 3 extra shifts at work between now and the 21st of January

    Cleaned the car out yesterday

    Waiting for my course to be marked.
    Hoping my manager can find out what level nvq I'll be starting before the end of the month

    Used my vape. So far so good.

    Banging headache so easy tea tonight early night as work again tomorrow
    • mumof3.12kindebt
    • By mumof3.12kindebt 2nd Jan 18, 5:41 PM
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    mumof3.12kindebt
    Oh and today was a NSD

    Grandmas visited us

    I'm working tomorrow
    Friday and Saturday
    Ds1 has a party to go to Saturday night so will put some money in a card for that.
    Sunday is the pantomime paid for by my grandma (something she has arranged and paid for since I was a baby)

    I'm going to try and sell some of my much loved and pretty shoes to try and get our savings to £4000 by the first week in February. Currently sat at £2400

    Aiming to save £1200 which should be spare after all budgeted money is transferred
    Plus. £150-.£200 in overtime

    So need to make around £250 this month selling the few things we have left to sell.

    That will give us £4000 by February
    £5200 by March
    £6400 .by April
    £7600 by May
    £8800 by June
    £10000 by July
    + any overtime from 1st February onwards.

    Now I can see its achieveable let's do this!

    I just hope the houses don't go up for sale before we have the money to commit. Please keep your fingers crossed for us!
    • mumof3.12kindebt
    • By mumof3.12kindebt 3rd Jan 18, 6:12 PM
    • 205 Posts
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    mumof3.12kindebt
    NSD today!

    EBay listing tomorrow

    Eldest back at school tomorrow and second born back to nursery
    Work Friday and Saturday

    Need to update my list for January which I'll do now
    • mumof3.12kindebt
    • By mumof3.12kindebt 3rd Jan 18, 6:21 PM
    • 205 Posts
    • 526 Thanks
    mumof3.12kindebt
    January goals
    1 ~ have 20 nsds 2 so far
    2 ~ save £1300
    3 ~ stick to budget so far achieved
    4 ~ paint hallway
    5 ~ sort bedroom
    6 ~ declutter my clothes
    7 ~ declutter dds clothes
    8 ~ have 5 family days / afternoons out
    9 ~ no smoking january so far so good
    10 ~ no TV for me -so far achieved
    11 ~ take Christmas Decs down
    12 ~ log all spends in January so far so good
    13 ~ try to gain 2 extra shifts at work.
    14 ~ sort wardrobe and get rid
    15 ~ get rid of my Chest of drawers and my bed side table
    16 ~ empty car / clean car
    17 ~ sort kitchen
    18 ~ sort kids toys
    19 ~ keep the place tidy and as clutter free and organized as possible.
    20 ~ dentist appointment
    21 ~ sort out about paying school fees
    22 ~ pay school fees
    23 ~ compare and swap broadband
    24 ~ cancel now TV
    25 ~ finish my book!
    26 ~ have a store cupboard week (don't go food shopping for a week)
    27 ~ make £250
    • mumof3.12kindebt
    • By mumof3.12kindebt 3rd Jan 18, 11:56 PM
    • 205 Posts
    • 526 Thanks
    mumof3.12kindebt
    Tomorrow. Sort school fees.
    Pay catalogue
    Book dentist appointment
    Pick up prescription from doctors
    EBay listing
    Hoover / mop
    Swimming lesson (already paid for)
    • mumof3.12kindebt
    • By mumof3.12kindebt 4th Jan 18, 10:04 AM
    • 205 Posts
    • 526 Thanks
    mumof3.12kindebt
    January goals
    1 ~ have 20 nsds 2 so far
    2 ~ save £1300
    3 ~ stick to budget so far achieved
    4 ~ paint hallway
    5 ~ sort bedroom
    6 ~ declutter my clothes
    7 ~ declutter dds clothes
    8 ~ have 5 family days / afternoons out
    9 ~ no smoking january so far so good
    10 ~ no TV for me -so far achieved
    11 ~ take Christmas Decs down
    12 ~ log all spends in January so far so good
    13 ~ try to gain 2 extra shifts at work.
    14 ~ sort wardrobe and get rid
    15 ~ get rid of my Chest of drawers and my bed side table
    16 ~ empty car / clean car
    17 ~ sort kitchen
    18 ~ sort kids toys
    19 ~ keep the place tidy and as clutter free and organized as possible.
    20 ~ dentist appointment
    21 ~ sort out about paying school fees
    22 ~ pay school fees

    23 ~ compare and swap broadband
    24 ~ cancel now TV
    25 ~ finish my book!
    26 ~ have a store cupboard week (don't go food shopping for a week)
    27 ~ make £250
    • mumof3.12kindebt
    • By mumof3.12kindebt 4th Jan 18, 10:08 AM
    • 205 Posts
    • 526 Thanks
    mumof3.12kindebt
    Tomorrow.
    Sort school fees. ✅
    Pay catalogue ✅
    Book dentist appointment
    Pick up prescription from doctors
    EBay listing
    Hoover / mop
    Swimming lesson (already paid for)
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