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  • FIRST POST
    • Needhelpsaving
    • By Needhelpsaving 14th Nov 16, 5:58 PM
    • 647Posts
    • 2,716Thanks
    Needhelpsaving
    Getting back on the MFW Wagon
    • #1
    • 14th Nov 16, 5:58 PM
    Getting back on the MFW Wagon 14th Nov 16 at 5:58 PM
    Hi

    I have attempted this MFW wannabe journey before, with little success and after reading so many threads on the forum, would like to try again.

    Looking back, trying to start a MFW challenge with a newborn was possibly not the best time for me as I had made grand plans, just when our income was decreasing.

    A little bit about us, I am 29, have an OH 34 and a LO aged 3. We bought our home 8 years ago and have a mortgage of £80,000, a family loan of £7,000 and £0 in savings

    Our first goal is to save a £1500 Emergency Fund by the end of February, whilst staying on track to pay off family loan (on target to pay off in June 2017).

    I have finished all my Christmas shopping, except 1 gift, so should be on track to save a decent chunk of my salary next month (I work part-time).

    I need to stay accountable in this journey and what better way than to publish it on the internet?!
Page 3
    • jules81
    • By jules81 29th Dec 16, 12:33 AM
    • 46 Posts
    • 268 Thanks
    jules81
    Just wanted to say hi,

    Like your savings goals

    xxxxx
    • Needhelpsaving
    • By Needhelpsaving 29th Dec 16, 4:40 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Hi Jules thanks for dropping by. Do you have a diary?

    Went out with LO today to see a play based on a children's book (the tickets were part of our xmas gift to her).

    Total spends today were;
    - £3.45 on travel to venue (in City Centre)
    - £22 on lunch with two family members
    - £9.29 on 20 razors and shaving gel for OH
    - £11.40 in Wilko on a calendar for 2017, some household bits, 2 packs of half price xmas cards (£1.50 for 30 cards) and wrapping paper for next xmas.

    Purse has been purged of any odd pennies and these have been deposited into the mortgage piggy.

    Back at work tomorrow, with a view to working at least 2 hours OT. That should keep me out of trouble! ETA actually managed 5 hours OT
    Last edited by Needhelpsaving; 30-12-2016 at 9:35 PM.
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Needhelpsaving
    • By Needhelpsaving 1st Jan 17, 10:54 AM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Happy New Year!

    I am pleased to report that Friday and yesterday were both NSD's. I felt a little out of sorts yesterday, so pushed the planned spend (new car seat for LO) to today.

    I have purchased the seat through quidco and it is on sale at the store (£50) too, so pennies saved there. The new seat will be funded via the Car sinking fund.

    The car seat and some butter will be the only spends today. Aiming for NSD's until Friday 06th, when we will need to do a top up shop.

    Have more overtime booked in this week, all of this will go towards the savings target. Last week, I done 9 hours overtime and this week, I have another 4 hours planned.

    I have been lurking about on the boards reading more diaries and picking up tips of how to make money work for us a bit better.

    Here's to 2017 being a good year (and a money saving one!)
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Needhelpsaving
    • By Needhelpsaving 1st Jan 17, 5:35 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Rant Alert

    So my plan of a No spend week has gone slightly off track . . . I burned a hole in the back of one of my work dresses with the iron!

    The iron was left on too high a heat and without checking it, I popped it down on my dress whilst smugly thinking to myself how organised I was, getting my stuff ready for the week ahead.

    Needless to say, the smugness was short lived. The dress now fashions a triangular shaped hole in the back, that not even Kate Moss could get away with wearing.

    As I have a small wardrobe, I cannot forgo this item. So tomorrow morning I will be scouring our local M&S outlet for a new skirt or trousers that I could pair with some tops I already own.

    Rant over
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Needhelpsaving
    • By Needhelpsaving 2nd Jan 17, 5:32 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Out bright and early this morning with a list of items that were needed to be replaced in my wardrobe (if I came across the right item).

    A skirt and two new tops were purchased for work from the local M&S outlet - actual price £51.50, should have been over £100 based on RRP. These should last me a good while now and fit really nicely.

    I came across some trainers in the local Nike outlet to replace my current pair (which have been worn for at least 3 days a week for over a year ). £42 paid, £60 RRP.

    All of these items were bought from the money I received for xmas, so these purchases haven't impacted the bottom line.

    Budget has been updated to show spends against sinking funds. On track for the rest of the month, but I need to get plenty more NSD's in.
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Needhelpsaving
    • By Needhelpsaving 5th Jan 17, 9:21 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    After a spendy Monday, I managed two NSD's (Tues and Wed). Moved grocery shopping forward to today as working on Saturday - total spend was £17.56 for a few bits of fruit, cereal, yoghurts, bread etc.

    Also popped by the library to pick up some books to read, instead of browsing the internet if I am bored.

    Savings have been added to today;
    £50 cashed from piggy bank that has been collecting our odd bits of change/weekly under-spends in purse.
    £1.28 payout from Quidco.

    Now sitting at £736.57/£1500.

    Lots of OT coming up at work, but all moving in the right direction.
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Needhelpsaving
    • By Needhelpsaving 8th Jan 17, 1:58 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Blimey, this week has been busy. Friday, Saturday and today have all been NSD's.

    OT cancelled for yesterday, but this was welcomed as I needed some downtime and didn't leave the house - it was lovely. I was very lazy, but sometimes it just has to be that way

    Feeling a bit better today and have been a lot more productive. Lots of cleaning and ironing done so far today in preparation for the week ahead.

    I will need to get some more milk tomorrow (It disappears in our house) and make a list of bits needed for the weekly top-up shop on Thursday.

    Here's to another Money Saving week

    ETA - put outstanding grocery money from last week into piggy bank (£3.50) and have budgeted a max of £25 for this weeks shop (in cash).
    Last edited by Needhelpsaving; 08-01-2017 at 4:37 PM.
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Needhelpsaving
    • By Needhelpsaving 12th Jan 17, 5:14 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    NSD's on Monday and today. Picked up some milk on Tuesday evening and done grocery shop yesterday.

    Meals were planned for the rest of the month before I went shopping and so with the exception of bread and milk next week, there will be no other spends.

    LO spent the morning with grandparents and I managed to get a couple of long overdue DIY jobs ticked off the list. There will be more needed at the weekend, but I was using up varnish/paint that we already had, so nothing has been spent in getting the house sorted.

    NSD tomorrow and Saturday, as I am working both days. Sunday will be spent at home and there will be no spends until Wed or Thurs when we need bread and milk.

    I am really going to knuckle down the last 2 weeks of the month to stay on track with my savings target of having 1500 saved by 28/02/17 (and planning to beat it).

    We also potentially have something exciting on the horizon, but I am going to wait and see whether it comes to fruition before I get too ahead of myself. If it does come off, it could have a big impact on our MFW journey . . . . fingers crossed

    Any hooo . . . I hope everyone is having a good January (despite the wet and cold) and stays safe with this forecast of snow
    Last edited by Needhelpsaving; 12-01-2017 at 5:15 PM. Reason: Typo
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Needhelpsaving
    • By Needhelpsaving 14th Jan 17, 6:15 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Just dropping by while I have a few minutes. I have got to say, that having read some of the MF diaries on this board that some of you are off to a great start this year.

    I have managed an NSD yesterday and today and as I was at work today, that is another 5 hours overtime in the pot for this month.

    Having the next two weekends off and keeping to my usual hours as OH will be working OT instead.
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • lavinia21
    • By lavinia21 15th Jan 17, 9:19 AM
    • 276 Posts
    • 1,977 Thanks
    lavinia21
    Keep up the great work with the nsd im going to try a nsm in feb will be my first go so we will wait and see
    Positivity is the key there is a reason why life happens. Find your rainbow and ride it.
    • Needhelpsaving
    • By Needhelpsaving 15th Jan 17, 7:30 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Hi Lavinia, thanks for dropping by.

    I am intrigued by your NSM - does this include groceries or just cutting back on non-essential spends?
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • lavinia21
    • By lavinia21 15th Jan 17, 9:13 PM
    • 276 Posts
    • 1,977 Thanks
    lavinia21
    Other than essentials so bills groceries and petrol i going for a no spend month.
    Positivity is the key there is a reason why life happens. Find your rainbow and ride it.
    • Needhelpsaving
    • By Needhelpsaving 22nd Jan 17, 5:23 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Other than essentials so bills groceries and petrol i going for a no spend month.
    Originally posted by lavinia21
    Good Luck with your No Spend Month!
    I may use this idea later in the year, once my budgeting skills have been honed a little.
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Needhelpsaving
    • By Needhelpsaving 22nd Jan 17, 5:30 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Where is January going???

    Hope everyone is well x It has been a few days since my last post as I have been concentrating on getting some jobs ticked off of my list in RL.

    Money things have stayed on track and I am on count down to payday (I am excited to see if I can hit my savings target this month). I have run out of petrol earlier than anticipated, so I will need to make a small spend tomorrow to see me through to payday (which is the start of next months budget).

    Other than that, there is nothing much to report.

    Right, I am off to grab a cuppa and catch up on some MFW diaries.
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Needhelpsaving
    • By Needhelpsaving 26th Jan 17, 12:47 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Day off with LO today - I love these days at home

    Payday tomorrow which is exciting as I really want to hit our savings goal this month if we can.

    Work is full on at the moment and will continue for the next 2-3 months - I need to find my mojo!

    On a really positive note, I mentioned that we may have some journey changing news in the pipeline and I am pleased to say that it is moving along in the right direction - we should hopefully know for definite if its happening by the end of next week.

    Up to £30.30 on OnePoll and need to make sure I am regularly checking for surveys. None of the market research applications I have made have been fruitful, but I will keep trying!
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Needhelpsaving
    • By Needhelpsaving 28th Jan 17, 3:33 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Payday shuffles made for both of us and we have managed to hit the £1500 Emergency Savings target!!!!

    We wouldn't have hit the target this month had we not done a tonne of overtime and I cut out my personal spends for Feb, but I suppose that just goes to show the power of having goals to work toward.

    I also have £24.74 left that was unaccounted for, which will make our first (albeit small) Mortgage OP of 2017
    Last edited by Needhelpsaving; 28-01-2017 at 4:11 PM.
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Kittenkirst
    • By Kittenkirst 28th Jan 17, 3:56 PM
    • 1,703 Posts
    • 9,060 Thanks
    Kittenkirst
    Woooop WOOP! Well done for the savings figure & the OP! Pretty impressive figures for January!
    2018 MFW #20 - OP £391.44/ £3000 13%

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
    • Needhelpsaving
    • By Needhelpsaving 28th Jan 17, 4:10 PM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Thanks Kittenkirst - you are off to a flying start too! It seems that 2017 is the MFW year.

    I bet the banks are terrified given all of the OP's I have read about on the MFW board this month.
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Needhelpsaving
    • By Needhelpsaving 1st Feb 17, 11:29 AM
    • 647 Posts
    • 2,716 Thanks
    Needhelpsaving
    Happy February!

    I am possibly a little too excited about moving towards spring, but I am fed up of all the grey skies.

    On the money front, I haven't spent much since payday - just on milk and tatties. There have been some work expenses, but I am not counting these as they will be reimbursed in a couple of weeks.

    The mortgage direct debit has gone out today, so that is a step further down the path to freedom

    Even more excitingly, OH has been spoken to about an internal transfer at work with a higher salary. After a couple of weeks of discussions the move is set and he is just waiting for an exact date to be agreed and the new contracts to be sent out. I am so pleased for him as he has worked really hard to get this far

    Needless to say, the increase in salary will accelerate how quickly we pay off the family loan and hit the mortgage. We are going to make hay while the sun is shining x
    Target 1 - Emergency Fund Currently £2329.07/£5000

    Target 2 - Pay Mortgage Down to £65,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £70,578.90 (14/01)
    • Kittenkirst
    • By Kittenkirst 1st Feb 17, 12:12 PM
    • 1,703 Posts
    • 9,060 Thanks
    Kittenkirst
    Fantastic news for your OH!! Well done him
    2018 MFW #20 - OP £391.44/ £3000 13%

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
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