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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 2,346Posts
    • 11,231Thanks
    shangaijimmy
    New Diarist - Attacking the Banks!
    • #1
    • 13th Mar 15, 12:18 PM
    New Diarist - Attacking the Banks! 13th Mar 15 at 12:18 PM
    Hi all,
    Thanks for popping and helping me to stay motivated. This would be the 3rd version of the opening post, but is reflective of where we are currently at. Lots has changed over the last 3 yrs, not least adding a 3rd child to our household!

    This post details my current goals, and as it seems a shame to ignore previous achievements I've summarised them below. This is a 120 payment challenge which would knock 11yrs off our initial draw down of 30yrs. I'm hoping for 100 payments so we'll see how we progress!

    Achievements - 34 payments
    • Balance - £99,371.84
    • Diary Reduction Total - £36,628.18
    • Cumulative Overpayments - £20,308.75
    • Monthly Average Overpayments - £597.32
    • Monthly Average Net Reduction - £1,077.30

    Long Term Targets
    • 5yr/60th payment - £86,000
    • 7yr/84th payment - £38,000
    • 9yr/108th payment - £7,000

    Targets for 2018
    • Jan 2019 - £98,200
    • Feb 2018 - £97,000 (End of Yr 3 Balance £39k diary reduction)
    • Mar 2018 - £95,800
    • Apr 2018 - £94,600
    • May 2018 - £93,400
    • June 2018 - £92,200
    • July 2018 - £91,000
    • Aug 2018 - £89,800
    • Sept 2018 - £88,600
    • Oct 2018 - £87,400
    • Nov 2018 - £86,200
    • Dec 2018 - £85,000
    Last edited by shangaijimmy; 05-01-2018 at 11:47 AM. Reason: Updated Goals
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
Page 120
    • shangaijimmy
    • By shangaijimmy 12th Jan 18, 10:13 AM
    • 2,346 Posts
    • 11,231 Thanks
    shangaijimmy
    Payday... we can breathe out again, and Mrs SJ has headed to do a food shop as we were literally running on empty!

    70p TT this morning to get the ball rolling too!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • Lynplatinum
    • By Lynplatinum 12th Jan 18, 8:56 PM
    • 897 Posts
    • 17,743 Thanks
    Lynplatinum
    Hiya Jimmy

    Not been around for a while due to having the family living with me in my small house and the resulting lack of peace in which to be on MSE. Brilliantly done getting below 100,000!
    am sure that you will do equally well in 2018.
    I am managing to micro manage monies however - have started to now write it all in my diary as now no one but me looks in it (as I have retired early! Yea!)
    Will report back more over the next few months.
    tc
    Aim for Sept 17: 20/30 days to be NSDs NSDs July 23/31 (aim 22)
    NSDs 2015:185/330 (allowing for hols etc)
    LBM: started Jan 2012 - still learning!
    Life gives us only lessons and gifts - learn the lesson and it becomes a gift.' from the Bohdavista
    • shangaijimmy
    • By shangaijimmy 13th Jan 18, 9:24 AM
    • 2,346 Posts
    • 11,231 Thanks
    shangaijimmy
    Well up and at em this morning with a 16p TT to get the ball rolling. Usual busy Saturday ensues with football, dog walks, swimming lessons and hopefully some opportunities for MB along the way. I usually pause for breathe at about 7pm on a Saturday!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • michelle09
    • By michelle09 13th Jan 18, 10:43 AM
    • 581 Posts
    • 2,718 Thanks
    michelle09
    Good start to the weekend! Have a great one.
    • CathT
    • By CathT 13th Jan 18, 7:31 PM
    • 5,425 Posts
    • 37,592 Thanks
    CathT
    There are no days off when you have little ones are there. Hope your 7pm break has happened.
    Jan 2018 -
    part 1 - £79,207
    part 2 - £45,863
    Total - £125,070
    • Tjh1412
    • By Tjh1412 13th Jan 18, 11:28 PM
    • 142 Posts
    • 310 Thanks
    Tjh1412
    Just found your diary, currently on page 19 so thats my bed time reading sorted for the next few nights. Just wanted to post a quick thanks, you've inspired me to check my meters and it turns out BG owe us £68 odd, whereas they were estimating we owed them £35 so that's made my day.
    This spreadsheet sounds really good, I wish I had the excel skills that seem to abound on here, but I'm going to see what I can coax from my PC tomorrow
    • shangaijimmy
    • By shangaijimmy 14th Jan 18, 7:42 AM
    • 2,346 Posts
    • 11,231 Thanks
    shangaijimmy
    Tjh - great to have you popping in...bedtime reading i hear?? My ramblings will be a great way to get you off on a good nights sleep! If you would like a template of my spreadsheet i'll forward on. Send me a pm of you want a copy.

    £1 TT this morning and then OP'd the weekly pot of £1.86. Slightly down on usual as we had a few days on no TT's due to dipping into overdraft.

    Yesterday was a good day. MB wise i've branched out with a few new techniques and made about £35 today. We have a wedding weekend coming up and will need some beer money so this cash will go into that pot. 7pm slowdown ended up being 8pm so i'll take that. Todays agenda is a few hours of work in the morning (out in the cold, just praying for no wind/rain), followed by trying to use some of the boys energies up, and hopefully some peaceful dog walks. For the 3rd consecutive year my new years resolution was to snooze more. Now i've targeted a post Sunday lunch afternoon snooze for this important resolution, but so far i've had no success... so today, just maybe, just maybe!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • A Frayed Knot
    • By A Frayed Knot 14th Jan 18, 8:45 AM
    • 2,199 Posts
    • 9,901 Thanks
    A Frayed Knot
    You really do get paid at the most convenient times, most of us have to wait till the end of the month - ad that's after being paid a week early in Dec (so it's before Christmas).

    You mean there's more to MB was just thinking, I said thinking about another shot at it What's that I hear you say . . . . . "going away and uncontactable for the forseeable future"
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £4068.97
    • shangaijimmy
    • By shangaijimmy 14th Jan 18, 8:59 AM
    • 2,346 Posts
    • 11,231 Thanks
    shangaijimmy
    Mrs SJ gets paid every 4 weeks, which sometimes makes planning a bit tricky but on other occasions comes to the cashflow rescue! As for MB i'm getting to the stage where bookies are banning me from freebets and restricting stakes (one even closed my account for me this week), so need to try some of the trickier methods. I'm also researching/debating doing some trading on football (very very small stakes and minimal risk). I just need to try and stretch MBing out another 5 yrs.... So next plan is accounts under our parents names!!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • A Frayed Knot
    • By A Frayed Knot 14th Jan 18, 9:09 AM
    • 2,199 Posts
    • 9,901 Thanks
    A Frayed Knot
    Oh, I remember Ed on here saying the same thing, that he was starting to get banned from freebets/bookies, but to just close your account

    If we think long enough, there's always a way round a problem/situation, I think us MFW's have had plenty of practise on that front.


    Just been thinking myself of - "borrowing" someone's name for another type of money making idea
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £4068.97
    • shangaijimmy
    • By shangaijimmy 17th Jan 18, 7:46 AM
    • 2,346 Posts
    • 11,231 Thanks
    shangaijimmy
    Oops, been a few days since i logged on. I think we're all still trying to get into a gear again following Christmas to be honest.

    Made some good TT's this week of £1, 86p and 97p. Mrs SJ has all but sorted DD 2nd birthday presents out for the weekend, and as usual we've not gone overboard. To be honest DD hasn't even taken 2 Christmas presents out the box yet. So our plan is to keep some money to one side and get her a scooter in the sales ready for summer. 4 family birthdays down and 3 left for Jan! Then we can prepare for 4 nieces in May!!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • Betterthanever
    • By Betterthanever 17th Jan 18, 8:56 AM
    • 488 Posts
    • 2,849 Thanks
    Betterthanever
    I know what you mean about trying to get into gear again....we're now in the second half of January - where has that time disappeared to!


    I've still not devoted time to getting back to MB. I suspect it will be one of those things that I need to wait for DH to be working at a weekend so I can have uninterrupted peace for a while without him constantly saying "but HOW is THAT risk free".....!


    It will happen.....I want to be ready for all the football world cup offers!!!

    Current balance £113,959.06. Offset £2,390.46. £111,568.60 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22 - 2018 O/pay £100
    Make £2018 in £2018 = £62.22/£2018
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • michelle09
    • By michelle09 17th Jan 18, 9:04 PM
    • 581 Posts
    • 2,718 Thanks
    michelle09
    My eldest niece is just two and I'm not sure she really had Christmas grasped anyway. By next year there might be wants articulated!

    That sucks on the MB, have they closed Mrs SJ's accounts too?
    • shangaijimmy
    • By shangaijimmy 17th Jan 18, 9:33 PM
    • 2,346 Posts
    • 11,231 Thanks
    shangaijimmy
    I reckon we could get away with just buying a load of candles and she's be ecstatic blowing them out all day!

    Feels like its been a long long week, and its only Wednesday. Thankfully i don't work on a Thursday so am hoping for a day of mental switch off as work has been mentally tough this week.

    Avid readers may recall (yeah right) may recall my intention to find a new job/career path in 2018, and the early part of the year has confirmed that its definitely something i want to do. So I've been looking and researching over the last week or so. I may need to drop wages slightly by being at the bottom of a wage band, but i think i should be able to retain the same pay band. Unfortunately jobs in my industry aren't so plentiful so it may be a lengthy process, but at least i'm not in a position where i dislike my current job. Its just very demanding and everyone has a shelf life before it chews them up and spits them out, and i'm 5yrs past the average length of time!

    Well time has beaten me for the day so I'm off for a shower and a diary catch up in bed!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 18th Jan 18, 7:51 AM
    • 2,346 Posts
    • 11,231 Thanks
    shangaijimmy
    53p TT this morning, a good start to a MFW day!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • VDOT47
    • By VDOT47 18th Jan 18, 10:39 AM
    • 68 Posts
    • 79 Thanks
    VDOT47
    Can you summarise matched betting in a sentence or two, or point me in the direction of an idiots guide?
    Mortgage (Feb 17) £269,995 Mortgage (12/01/18) £250,735
    End Date Oct 2040 Original End Date February 2042
    • shangaijimmy
    • By shangaijimmy 18th Jan 18, 12:44 PM
    • 2,346 Posts
    • 11,231 Thanks
    shangaijimmy
    Not sure if its allowed to post a link to a site so ill pm you instead.
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 18th Jan 18, 12:51 PM
    • 2,346 Posts
    • 11,231 Thanks
    shangaijimmy
    Its just occurred to me that i haven't reported on our ebay activity for 2018. I relisted all our previously unsold items 2 weeks ago, and then relisted again etc... For the first 2 weeks we managed to get rid of 10 items of clutter, and a few things that i reckon had been listed 50 times over the past 2 years! Last Sunday we had another blitz of kids clothes, following the Christmas presents, and managed to list 28 items (have a further 10 or so to list this weekend). Please to say that so far we have 4 items with bids on from the latest trench of new listings. Ebay is a big part of our continual house de-cluttering. We then use the paypal fund to pay for the next childs birthday party that is coming up. Although Mrs SJ seems to have been spending it all on eye lashes and the like...!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • try harder
    • By try harder 18th Jan 18, 1:31 PM
    • 591 Posts
    • 2,095 Thanks
    try harder
    What a great money manager you are ,you seem to have everything covered great work.
    • shangaijimmy
    • By shangaijimmy 18th Jan 18, 6:44 PM
    • 2,346 Posts
    • 11,231 Thanks
    shangaijimmy
    Most of the time i feel like that and then we have that last week of the month where i'm wondering why we're dipping into overdraft. Then we get paid and i rationalise that if we weren't doing this challenge then we'd be dipping into overdraft anyway, but having paid £600 less off the mortgage each month! Overall i'm happy to get close to £0 in current account the final days before payday as i feel our money has worked as hard as it could for us!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
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