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    • greent
    • By greent 26th Mar 10, 2:46 PM
    • 6,300Posts
    • 63,845Thanks
    greent
    greent's mfw journey
    • #1
    • 26th Mar 10, 2:46 PM
    greent's mfw journey 26th Mar 10 at 2:46 PM
    Afternoon all!

    I have been inspired after reading lots of the diaries on here to join in.

    Background: OH and I are both 40. Have 4 children (12, almost 10, 4 and 10 months) OH was made redundant twice last year and recently started working as a contractor on a daily rate (4 month contract, may be extended a little) - so we now have a limited co of which we are both directors. I no longer work. We have a BTL property on which we have an interest only mtge and will clear that by selling the property (only bought for capital gain, not income, purposes) BTL property has long term tenant in. Rent covers mtge and buildings insce and repairs/ renewals with a small excess - but not much.However, it's on a fixed rate and takes care of itself.

    MFW relates to our home. Bought in Oct 2005 for 277k, 130k mtge over just under 16 years (kept previous end date) Since then we have added a further 30k to the mtge for a loft conversion (needed due to the no of children!!) that cost approx 35k. We have also spent 20k+ on a bespoke fitted kitchen and building work - but financed that from savings/ income. And decorated and new carpets (previous owners ran out of money and had to sell, so place was full of stuff to do, even though it's still only 11 years old!) Some overpayments have been made, as can be seen from the overall balance.


    OUr mtge is with C&G. I have a statement for balances as at 31/12/09:
    (Balance as at 31/01/2009 was £124 616, so we reduced the balance by just under 20k last year)
    Sub Account 01
    Term remaining 12 years and 7 months.
    Fixed rate 4.79% - until 30/09/10
    Balance £79512.27

    Sub Account 02
    Term remaining 13 years 1 month
    Fixed rate 3.99% until 30/04/11
    Balance £25423.78

    Sub Account 03
    Term remaining 12 years and 7 months
    Fixed rate 4.79% until 30/09/10
    Balance £33.32


    TOTAL BALANCE: £104969.37

    We can repay by 10% a year without incurring penalty fees. We pay £1074.94/ month - this includes an element of overpayment, but I'm not sure how much (we didn't reduce our monthly payments when we paid off £12500 after DH was made redundant the first time)

    My first step is going to be repaying Sub Account 03 We are with C&G, so I will phone them up about this. I can also afford to repay £4k to £5k from sub account 01, I think - but will leave that until after a meeting with our accountant (we are not sure yet exactly how much OH will be paid from the linited co)


    I'm kind of looking for advice/ ideas, I guess... Would posting an income/ expenditure budget be an idea?

    greent


    ETA: We don't have any other debts. CCs are used (Tesco ones for Clubcard points for rewards) but are paid off in full.
    Last edited by greent; 25-05-2010 at 11:41 AM.
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £4607/£3286
    Net sales 2017 £1202.80/£500 PAYDOX17 £11635/£10k Decluttered 1650/2017 items
Page 80
    • apple muncher
    • By apple muncher 8th Aug 17, 7:25 AM
    • 6,424 Posts
    • 46,866 Thanks
    apple muncher
    What a wonderful suprise trip! (Except the throwing up part, of course)
    NST Organise October #10; NSD 12/20; Ex 6/20; craft 6/31 (212); remove 514
    2017 MFW#63 Pay off: £3320/£4050; 2
    017 sell 116

    Mortgage £23,689 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • Karmacat
    • By Karmacat 8th Aug 17, 10:23 AM
    • 27,857 Posts
    • 152,683 Thanks
    Karmacat
    Fantastic! Thank heavens you followed your instincts about the iffy food - could have laid you **really** low, for days, if not. Though throwing up still isn't nice!!!
    Retired August 2016
    • Watty1
    • By Watty1 8th Aug 17, 11:08 AM
    • 2,836 Posts
    • 19,655 Thanks
    Watty1
    apart from the throwing up that sounded a lovely trip. Especially loved the doorbell for the suite
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £27152
    • museumworker
    • By museumworker 8th Aug 17, 5:15 PM
    • 1,945 Posts
    • 11,022 Thanks
    museumworker
    What a lovely surprise weekend, well done OH! Sounds like you've to see and do loads, whilst getting spoilt too. Sorry yo hear you were sick, although glad it passed quickly and you still had a first class train journey to enjoy!
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • newgirly
    • By newgirly 9th Aug 17, 7:04 AM
    • 5,810 Posts
    • 39,721 Thanks
    newgirly
    What a lovely surprise
    MFW 21
    Target for 2017 £38,545 / £14,264 paid so far

    Mortgage £47,330 4 years 8 months left. Total owed £63,993 planning to clear in 24 months
    WW target - 29.5 lb start date 11/5/17 so far 16.5lb lost.
    • CathT
    • By CathT 9th Aug 17, 1:22 PM
    • 5,313 Posts
    • 36,485 Thanks
    CathT
    What a thoughtful DH you have. Your trip sounded great despite the dodgy food, glad you binned it!
    August 2017 -
    part 1 - £79,967
    part 2 - £46,351
    Total - £126,318
    • gallygirl
    • By gallygirl 9th Aug 17, 10:50 PM
    • 16,429 Posts
    • 107,664 Thanks
    gallygirl
    Do you think that maybe you had a slight touch of the novovirus that athletes at the Tower Hotel had? Hope you've made a full recovery.
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • Tilly MFW in 6 YRS
    • By Tilly MFW in 6 YRS 10th Aug 17, 6:54 AM
    • 7,746 Posts
    • 86,445 Thanks
    Tilly MFW in 6 YRS
    What a lovely surprise

    Hope you're back to normal now.

    Love MB toiletries.

    Brought back some memories. My first job in London was in Holborn

    Tilly xxx
    2004 £387k 29 years - MF March 2033
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15
    • Karmacat
    • By Karmacat 10th Aug 17, 1:04 PM
    • 27,857 Posts
    • 152,683 Thanks
    Karmacat
    Do you think that maybe you had a slight touch of the novovirus that athletes at the Tower Hotel had?
    Originally posted by gallygirl
    I wondered about that ... hope you're doing better, greent.
    Retired August 2016
    • greent
    • By greent 11th Aug 17, 6:28 PM
    • 6,300 Posts
    • 63,845 Thanks
    greent
    Thanks all - yes - it was lovely

    I'm inclined to believe it was 'contaminated' food, rather than norovirus - OH and I ate the same food all weekend (he was fine) and I react quite quickly when I eat such an item and felt totally fine until the lunch.

    Anyway, moving on from that. This week has been drizzly and damp. Not much done - and rent was late for BTL again (arrived after I chased - but £20 short....) BUT I have paid another £405 OP to BTL - slowly slowly baby steps

    2 fleabay items sold - netting me a whole £10! Ah well - better than nothing, I guess! Still have a whole heap to list. Have 3 watchers on a £50 item too, so am hoping 1 turns into a bid..... Also have a growing pile for Ziffit and a couple of old pieces of tech for Music Magpie. Now just to motivate myself to deal with it all

    Feels like Saturday today - OH is home (as usual on a Fri) but abandoned work at midday - full of a heavy cold, so is curled up on a sofa with a fluffy blanket. I need to get his expenses up straight - but need his brain working (ie: not full of a cold) to help!

    Best be off and feed the brood now, I guess
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £4607/£3286
    Net sales 2017 £1202.80/£500 PAYDOX17 £11635/£10k Decluttered 1650/2017 items
    • smallholdingsister
    • By smallholdingsister 12th Aug 17, 9:34 AM
    • 3,403 Posts
    • 26,507 Thanks
    smallholdingsister
    Annoying about the buy to let. Do you have a strategy?
    • brizzledfw
    • By brizzledfw 12th Aug 17, 10:26 AM
    • 7,122 Posts
    • 34,518 Thanks
    brizzledfw
    Sounds a great trip, the Boro is usually great so very sorry you had a dodgy meal. (And agree you can't beat a piece of GWR fruit cake )

    My house has had a succession of people feeling ill over the last fortnight...brings everyone down..its so wintry I lit the stove last night which did cheer us up. Hope OH feels better soon.
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    October '17 Savings Rate Goal: 25% [August 33%]
    Declutter 100 items before 31.10.17 40/100 ** LSDs Target 5 for October 0x/05 **AFDs xx/15 ** Sales Target '17 £750 £225 so far
    **NSDs Target 5 for October xx/05 Trying to be a Frugalista
    • greent
    • By greent 13th Aug 17, 8:24 AM
    • 6,300 Posts
    • 63,845 Thanks
    greent
    Full rent is now in from the BTL - it's just annoying that I'm having to chase it most months. They are 11 months into a 2 year lease. Part of the issue is they get paid weekly and don't seem to be able to budget fabulously for large monthly bills (I always get any shortfalls/ late payments on the Fri - which is payday). Rent is due 10th monthly (their choice - we originally went for 1st monthly but they asked for the date to be changed as other payments were due month end/ first of month)

    I think we're just going to wait and see. If they want to have more time after the original 2 years then I may a- put the rent up slightly (a clause allows for annual increases, but I'm not going to increase it this year) and b - see if I can get a small late payment fee of some sort established if they want a formal length of time agreed (as opposed to running on on a month-to-month basis) just to cover my time spent monitoring and chasing.

    After dithering over selling/ keeping on and off for a few years we are inclined to keep it and pay off mortgage - meaning we'll have an asset (currently selling for around 105k) bringing in a gross annual income (currently of 6.4k) It is *relatively* easy money and they sell quite quickly, should we ever need to realise the capital.

    Brizzle - agree, BM is fab for food - I should probably have played safe and had food from one of the many other stalls with no shellfish on. I was very impressed by the fab labelling re vegan/ vegetarian/ allergens on the vast majority - there was a good choice of vegan/ gf/ dairy free foods around.

    Oh still full of man flu (it's been upgraded - sigh...) I have a scratchy throat, decreased breath capacity, a persistant slight headache and slight sniffles - and am tired and snappy (although some would say nothing new there! ) but nothing which renders me incapable We are meant to be attending a 1yo's party today, though - and as well as small people there will be a 6.5month pregnant person there and I'm not convinced it's a good idea to be in contact with them. OH disagrees and wants to go for a couple of hours.....

    Weather here was lovely yesterday. It is noticeably cooler on an evening - but bedroom windows are still open all night.
    Last edited by greent; 13-08-2017 at 8:29 AM.
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £4607/£3286
    Net sales 2017 £1202.80/£500 PAYDOX17 £11635/£10k Decluttered 1650/2017 items
    • shangaijimmy
    • By shangaijimmy 13th Aug 17, 8:48 AM
    • 2,207 Posts
    • 10,146 Thanks
    shangaijimmy
    I'll stick up for Mr GT...

    Us men folk feel bugs much worse given out less robust immune systems than female counterparts... Female hormones allow for stronger immune systems which are needed for the whole pregnancy/child rearing type stuff.

    So in defence you can't compete with 6 thousand years of evolution
    MFW: Turning June 2036 into March 2023... 30//120 Payments Challenge, Diary Reduction £32,077.72
    Aug 2009: £163,051 // Current: £103,922.28 // Avg Daily Interest £4.67
    MFiT-T4 #8 - 47.86% of £41,000
    • smallholdingsister
    • By smallholdingsister 13th Aug 17, 11:07 AM
    • 3,403 Posts
    • 26,507 Thanks
    smallholdingsister
    Ha ha ha!

    Get well soon Mr GT.

    Mr Small (see what I did there?) suffers terribly with dire viruses which he always miraculously recovers from in time for work. Guess I should admire his work ethic?
    • shangaijimmy
    • By shangaijimmy 13th Aug 17, 2:25 PM
    • 2,207 Posts
    • 10,146 Thanks
    shangaijimmy
    Again being fit for work is another evolutionary development. We can't help it but our bodies get us ready for providing (not having a rest in work)!
    MFW: Turning June 2036 into March 2023... 30//120 Payments Challenge, Diary Reduction £32,077.72
    Aug 2009: £163,051 // Current: £103,922.28 // Avg Daily Interest £4.67
    MFiT-T4 #8 - 47.86% of £41,000
    • smallholdingsister
    • By smallholdingsister 13th Aug 17, 6:03 PM
    • 3,403 Posts
    • 26,507 Thanks
    smallholdingsister
    Legendary!
    • greent
    • By greent 17th Aug 17, 3:43 PM
    • 6,300 Posts
    • 63,845 Thanks
    greent
    Haha! At least you've effectively admitted, jimmy, that we (women) are most definitely not the weaker sex, what with our more robust immune system!

    I am sounding rather Mariella Frostrup at the mo - or, as my youngest said, like by best friend - who smokes 40 a day! Whatever it is has gone to my chest - leaving me with a very husky voice (I'm quite high pitched and excitable sounding normally, sadly) when it's there - it does keep fading.

    Haven't done much this week (meaning a cheap week so far) - just a visit to the local playpark with the smalls. We did buy them new tablets at the weekend, though - their old ones were old, glitchy, one had a cracked screen, neither held charge for any length of time. Once we've managed to transfer everything over (side sync hasn't worked properly ) we can Mus1cMagp1e the old ones. We also had a discount applied by the sales assistant (no idea why) and paid using gift vouchers bought at 8% discount

    Have decided we are skint for the next few months - both cars tax due end of this month and both cars also due MOT & service next month...... Holiday is Oct is on 0% CC, so need to pay that down. Also had tax credits letter yesterday saying I owe them money again (I hate them - I always keep them informed of changes yet I often end up owing them money ) and that we are due no payments at all this year (Am pretty sure we will be when it comes to renewal time - at least I might get a small lump payment then) Plus DD is back to uni next month (always costs us a big food shop ) She is also having a new bed at home (would need a new mattress even if she kept her old bed - which she's had since she was 2 (is on 2nd mattress) - she is 20 before the year is out....) and a new desk & chair (cheap from 1kea) She's also had her curtains since she was about 8 - they are lilac with huge big pink and purple flowers along the bottom..... Sigh...... (( I am aware it's very much first world problems and that we do have savings and so me saying we're skint is a relative term..... )

    Am looking forward (money wise) to this time next year - OH's car will finally be fully paid for, as will the new kitchen - and tax credits will be repaid (I refuse to repay it in one lump when I have kept them informed of changes as we go along ). That should mean we have a totally clean slate then - fingers crossed.....!!!! (aside from BTL - but that's an income-earning asset with equity, so am not classing it the same)

    Was at work this morning - meaning an alarm at 6am! - it would be the day when the youngest slept his latest ever this hols (7.20 - just as I needed to leave) Was lovely to see so many of the students pleased with their results and get where they wanted DS1 unfortunately didn't do as well in his AS exams as he would have liked - and is capable of. However, far better that he got 2 C grades this year than next - and hopefully this will make him realise that his natural ability is not enough at A level without some extra work (as myself and his teachers have been saying for ages) He will have to resit his Maths AS to improve on the grade to stand a chance of the needed grade at A2. Psych AS doesn't matter - none of his preferred unis are looking at taking AS into account, just the A2 grades. His maths result wasn't out of kilter across the year, though - which has been a small crumb of comfort to him.

    Next week's GCSEs sees a later start - I won't need to be in work until 8.30am

    Phew! Bit of a long, rambling (and moany) post - not meant to be - am actually feeling quite chipper in reality!
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £4607/£3286
    Net sales 2017 £1202.80/£500 PAYDOX17 £11635/£10k Decluttered 1650/2017 items
    • greent
    • By greent 18th Aug 17, 10:31 PM
    • 6,300 Posts
    • 63,845 Thanks
    greent
    Well, I did the school shoe shopping trip today..... £275 later I'm done! (Did include 3 x casual shoes for the boys too) At least I don't have to buy school shoes for DD any more - and DS1's weren't needed either, as his are in remarkably good nick

    Off to Cardiff and the DR Who Exhibition thing tomorrow (closing in Sept) Well - some are going to Dr Who - DS3 finds it scary, so he & I aren't We may go and see the dinosaurs in a museum instead

    Box of 20+ items parcelled up tonight for MusicMAgpie and 7 items listed on fleabay - am determined to shift some stuff out of this house!! We are also going to DD's student flat in Cardiff tomorrow, so we are taking over yet more stuff (including rather a lot of tinned food to give a good basic supply - and means she doesn't have to schlep heavy tins back from the shop for a while ) Hopefully the weather will be good so we can attack the jungle previously known as a garden too

    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £4607/£3286
    Net sales 2017 £1202.80/£500 PAYDOX17 £11635/£10k Decluttered 1650/2017 items
    • smallholdingsister
    • By smallholdingsister 18th Aug 17, 11:27 PM
    • 3,403 Posts
    • 26,507 Thanks
    smallholdingsister
    My most improved students struggled a bit at AS.

    Hard for you but it helps them to realise the enormity of the task.x
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