Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • LadyGnome
    • By LadyGnome 20th Apr 16, 6:05 PM
    • 420Posts
    • 1,538Thanks
    LadyGnome
    A Journey of Many Pounds Starts With a Single Penny
    • #1
    • 20th Apr 16, 6:05 PM
    A Journey of Many Pounds Starts With a Single Penny 20th Apr 16 at 6:05 PM
    Like many I have lurked for some time popping up on people's diaries with comments but I've decided it's time to come out of the shadows and start my own.

    Let me introduce myself. I am 46, live in London with MrGnome and two school age children. We have been MF before but when we decided to move we kept the MF house as a BTL and bought a project to do up. Mr Gnome does up properties as a part time business so he did a back to the brickwork renovation and extension on the house which is now finished (mostly ). I work full time as the main earner.

    The combination of the renovation and house price rises mean our LTV is below 50% so our interest rate is pretty good (2yr fix at 1.74%).

    I won't be making huge overpayments as we currently pay school fees as well as the mortgage. Additionally I have to balance frugality with enjoying life with the children.

    As the mortgage is large
    £268,261 today
    I am focussing on smaller goals which I will put in the next post.
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
Page 3
    • edinburgher
    • By edinburgher 6th May 16, 9:36 AM
    • 10,666 Posts
    • 55,357 Thanks
    edinburgher
    8 small kitkats in Tesc0 for £1 and some popcorn. One kitkat a day should keep me away from the vending machines in work. I've hidden them in the kitchen from the Gnomeboys as they won't last very long if they find them. I'll let them have one each on the weekend; if I am feeling nice.
    Originally posted by LadyGnome
    I am one of 5 (4 boys), my mum never had much luck hiding her biscuits
    • LadyGnome
    • By LadyGnome 6th May 16, 10:01 AM
    • 420 Posts
    • 1,538 Thanks
    LadyGnome
    I am one of 5 (4 boys), my mum never had much luck hiding her biscuits
    Originally posted by edinburgher
    I know my biscuit stashing days are limited as the oldest Gnomeboy is only 1cm shorter than me so sticking them on a high shelf in the cupboard isn't going to work for much longer
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • Busy Mee1
    • By Busy Mee1 6th May 16, 4:24 PM
    • 334 Posts
    • 1,150 Thanks
    Busy Mee1
    My lot can always sniff out any goodies - my DD doesn't even live at home but she is straight into the fridge and checking out the cupboards when she visits.
    • LadyGnome
    • By LadyGnome 6th May 16, 5:51 PM
    • 420 Posts
    • 1,538 Thanks
    LadyGnome
    My lot can always sniff out any goodies - my DD doesn't even live at home but she is straight into the fridge and checking out the cupboards when she visits.
    Originally posted by Busy Mee1
    You mean it doesn't stop when they leave home
    I'm going to wait until they get their own place then go around and start rooting through their fridge complaining that I am starving, that'll teach them...
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • joeyjimbles
    • By joeyjimbles 6th May 16, 6:19 PM
    • 1,517 Posts
    • 7,503 Thanks
    joeyjimbles
    I've just read all of your thread and am so impressed by your accomplishments and methodical approach.
    I've just giggled at your last post as I dream of the same thing - I have two boys of 17 and 12 who seem to have radar senses for anything chocolate, crisp-related or otherwise desirable.
    • Busy Mee1
    • By Busy Mee1 6th May 16, 7:04 PM
    • 334 Posts
    • 1,150 Thanks
    Busy Mee1
    DD doesn't buy any goodies because she is always on a diet. Apparently goodies taken from your parents fridge contain zero calories ...

    I keep threatening to go to her surprisingly tidy house and dump damp towels on her bedroom floor and wipe mascara over the pillowcases to pay her back for all the times she did that at home !
    • LadyGnome
    • By LadyGnome 6th May 16, 8:42 PM
    • 420 Posts
    • 1,538 Thanks
    LadyGnome
    DD doesn't buy any goodies because she is always on a diet. Apparently goodies taken from your parents fridge contain zero calories ...

    I keep threatening to go to her surprisingly tidy house and dump damp towels on her bedroom floor and wipe mascara over the pillowcases to pay her back for all the times she did that at home !
    Originally posted by Busy Mee1
    Go on I dare you
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • LadyGnome
    • By LadyGnome 6th May 16, 8:46 PM
    • 420 Posts
    • 1,538 Thanks
    LadyGnome
    I've just read all of your thread and am so impressed by your accomplishments and methodical approach.
    I've just giggled at your last post as I dream of the same thing - I have two boys of 17 and 12 who seem to have radar senses for anything chocolate, crisp-related or otherwise desirable.
    Originally posted by joeyjimbles
    Welcome. My have the same radar senses, I should hide it under some broccoli or cabbage in the fridge. They won't look there.

    I work fairly long hours so I have to be methodical otherwise I find the wheels start coming off and I end up in a muddle.
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • EatingTheElephant
    • By EatingTheElephant 7th May 16, 8:36 AM
    • 1,046 Posts
    • 5,522 Thanks
    EatingTheElephant
    I have to agree it doesn't end when they leave home! What a great memory the event will be for the gnomeboys too.
    • LadyGnome
    • By LadyGnome 9th May 16, 10:19 AM
    • 420 Posts
    • 1,538 Thanks
    LadyGnome
    Good morning everyone, Happy Monday.

    Not a bad weekend. I spent a bit on food and did have a coffee out but apart from that -no spending.

    Unblocked a dormant account I had with Ll0yds then I didn't know about. I think it might have been an old T$B account which got taken over by Ll0yds when they merged. Total of £1.06. I used the BBA lost bank account checker and found two old accounts with a total of about £45 in them. Will decide what to do with this once the paperwork comes through. I just proved my identity and address at the branch so they would take the dormant code off.

    I bought some dumpling/gyoza wrappers and made 12 prawn, cabbage, spring onion and ginger dumplings and 18 veg and tofu ones (half of them eaten and the rest frozen). I love dim sum and gyoza but they are expensive to buy and easy to make. The veg ones could do with a bit more oomph so I would add more spice next time. I will serve them in a spicy soup or sauce to pep them up.

    I used the other half of the prawns to make prawn fritters / cakes on Sunday. I wasn't sure if the Gnomeboys would like them but their only complaint was that there weren't enough of them. They are really easy so I'm making them again.

    We planted some veg and flower seeds last weekend, a bit later than ideal but we were away on holiday for 10 days in April and I didn't want to plant them then go away and leave them to dry out.
    Tally so far
    Sweetcorn x8
    Cucumber x6
    San Marzano plum tomatoes x5
    Cherry tomatoes x3
    Sweet Peas x20 (growing scarily fast)
    Dahlia x8
    Cosmos x 5
    Salvia x5
    Mystery unlabelled (either petunias or foxgloves) loads of very small plants

    In the garden (and still alive)
    Salad leaves
    Chard
    Mint
    Beetroot (need to plant a second row for continuous cropping)
    Strawberries
    Figs
    Blueberry
    Raspberries
    4 x tomatoes bought at car boot yesterday

    Waiting for Carrot seeds to grow
    Not expecting a crop from Apple & Pear as too young nor Olive tree as I don't think our season is long enough.
    Last edited by LadyGnome; 09-05-2016 at 10:32 AM. Reason: Added detail
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • LadyGnome
    • By LadyGnome 9th May 16, 10:25 AM
    • 420 Posts
    • 1,538 Thanks
    LadyGnome
    May - Week 2 Goals
    Bring food to work
    Monday - Done
    Tuesday - Done
    Wednesday - Done
    Thursday
    Friday

    Walk from station to work
    Twice
    Tuesday

    Financial
    Make appointment to check safe custody item -Done
    Send change of address details re shares
    Reconcile music fees money if the bill comes through this week

    46 days to the end of the Xbox squeeze
    Last edited by LadyGnome; 11-05-2016 at 9:35 AM. Reason: Progress Updates
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • LadyGnome
    • By LadyGnome 9th May 16, 10:48 AM
    • 420 Posts
    • 1,538 Thanks
    LadyGnome
    Sneaky Blighters
    Just had an irritating call from my mobile phone provider

    Them: Dear LadyGnome we want to reward you for your loyalty to us by giving you an Android tablet
    (all good so far)
    ... It comes with an attached discounted tariff of £3.50 pw...

    Me: So you are rewarding me by giving me something I don't particularly need and asking me to pay for it?

    Them: But its a discounted tariff...
    Me: No thanks I'll give it a miss.

    Sneaky blighters - we're going to give you a free gift that will cost you money every month. I wonder how many people fall for it. I bet none of you MFW would be sucked in by the spiel.
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • EatingTheElephant
    • By EatingTheElephant 10th May 16, 7:35 AM
    • 1,046 Posts
    • 5,522 Thanks
    EatingTheElephant
    Well done on seeing through the sneaky blighters. I know a few people who would think that was a good deal!

    Great growing too, crops sound delicious.
    • LadyGnome
    • By LadyGnome 10th May 16, 9:41 AM
    • 420 Posts
    • 1,538 Thanks
    LadyGnome
    Good morning ETE

    I love having a garden after years of living in flats. Ours is not huge, just a typical urban/suburban garden in London but it is amazing what you can grow and it gets the children interested in veg (at least for a few minutes!). MrGnome's family have a small holding in his home country so he loves being outside athough his approach to gardening can be a "enthusiastic" at times. I get a bit twitchy if he gets the chainsaw out!.

    MSE stuff
    Not much to report. A low spend day yesterday just some bits for packed lunches and a highlighter pen for the younger Gnomeboy, less than £5 in total. Today I've spend £1 on 8 small kitkats at Mr T so that's the packed lunches covered.

    I referred MrGnome to TCB yesterday as he shops on eb@y a fair bit so can do that through TCB and we will both get some cash when he hits £10 CB.

    45 days to the end of the Xbox squeeze
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • brizzledfw
    • By brizzledfw 10th May 16, 7:58 PM
    • 6,937 Posts
    • 33,354 Thanks
    brizzledfw
    Good to catch up - all sounds good with you LG. Have a great week
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    July '17 Savings Rate Goal: 33% [June 30%]
    Declutter 100 items before 31.07.17 02/100 ** LSDs Target 10 for July 02/10 **AFDs 19/25 ** Sales Target '17 £750 £140 so far
    **NSDs Target 5 for July 03/05 Trying to be a Frugalista
    • LadyGnome
    • By LadyGnome 11th May 16, 9:31 AM
    • 420 Posts
    • 1,538 Thanks
    LadyGnome
    Good to catch up - all sounds good with you LG. Have a great week
    Originally posted by brizzledfw
    Thanks brizzled have a great week too.

    Not much news to report a low spending day yesterday and I am hoping for the same today.

    My lavender seeds have germinated (well more accurately - one lavender plant has appeared).

    44 days to the end of the Xbox squeeze
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • LadyGnome
    • By LadyGnome 20th May 16, 9:59 AM
    • 420 Posts
    • 1,538 Thanks
    LadyGnome
    Hello everybody, I've been AWOL for a bit due to the recurrence of an old back problem.
    However, there is always a silver lining ... Apart from some prescription charges it's been LS or NS days for the last week or so. I am now on target to hit my savings goal for the month and probably better it. Not only that but I have barely been out of the house so few opportunities for frittering and no travel expenses.

    Payday next week and my current account is healthier than expected.
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • Busy Mee1
    • By Busy Mee1 20th May 16, 11:54 AM
    • 334 Posts
    • 1,150 Thanks
    Busy Mee1
    Hi LG - sorry to hear about your back problem, I know from experience how much that can affect you. I hope you are back on the mend now.

    Good going on the spending and well done on the healthier than expected bank account. I wish mine was - we are having a very tight month (self inflicted) and I can't wait for pay day.
    • LadyGnome
    • By LadyGnome 20th May 16, 12:42 PM
    • 420 Posts
    • 1,538 Thanks
    LadyGnome
    Hi Busy yes I am improving and should be back in work on Monday. Hope your restraint this month pays off (excuse the pun). I will be fairly squeezed next month as it is Xbox month It should get a bit easier from then.
    Mortgage
    Start Nov 2012 £310,000
    June 2017 £248,590.81 Reduction £61,409.19
    MFW 2017 #42 £2386.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • brizzledfw
    • By brizzledfw 20th May 16, 3:19 PM
    • 6,937 Posts
    • 33,354 Thanks
    brizzledfw
    Sorry re the back. Sounds nasty but glad you could find some kind of silver lining!!

    Have a restful weekend
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    July '17 Savings Rate Goal: 33% [June 30%]
    Declutter 100 items before 31.07.17 02/100 ** LSDs Target 10 for July 02/10 **AFDs 19/25 ** Sales Target '17 £750 £140 so far
    **NSDs Target 5 for July 03/05 Trying to be a Frugalista
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

965Posts Today

7,138Users online

Martin's Twitter
  • Byebye! I'm about to stop work & twitter, to instead spend glorious time with Mrs & mini MSE. Wishing u a lovely summer. See u in 10 days.

  • WARNING Did you start Uni in or after 2012? The interest's rising to 6.1%; yet it doesnt work like you think. See https://t.co/IQ8f0Vyetu RT

  • RT @JanaBeee: @MartinSLewis Boris is the anomaly (coffee), the others are versions of normal (beer). Lots of same candidates = vote share d?

  • Follow Martin