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  • FIRST POST
    • greent
    • By greent 26th Mar 10, 2:46 PM
    • 5,873Posts
    • 59,387Thanks
    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) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
Page 74
    • Karmacat
    • By Karmacat 7th Mar 17, 8:33 AM
    • 27,414 Posts
    • 148,500 Thanks
    Karmacat
    Happy birthday, greent!

    PS all sounding good with the moneymaking & decluttering!
    Originally posted by Pearla*Merle
    From me too

    Have another cake
    Save
    Retired August 2016

    Goal: earnings of £25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • greent
    • By greent 7th Mar 17, 8:33 AM
    • 5,873 Posts
    • 59,387 Thanks
    greent
    Thanks P*M! Cashed out another £25 from tcb last night, too!

    Nice birthday, although I spent half of the day doing washing & ironing! Presents included - afternoon tea next month, garden centre vouchers, Sanctuary smellies, edibles, a recycled metal garden ornament of a robin and some still to come.
    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) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
    • greent
    • By greent 7th Mar 17, 8:34 AM
    • 5,873 Posts
    • 59,387 Thanks
    greent
    Thanks Kc - funnily enough, I *did* have 2 birthday cakes - a salted caramel one and a strawberry and white choc one
    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) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
    • apple muncher
    • By apple muncher 7th Mar 17, 4:55 PM
    • 5,980 Posts
    • 43,602 Thanks
    apple muncher
    Ooh, scrummy cakes indeed! Belated birthday wishes from apple world x
    NST June #1; NSD 18; Ex 16; craft 90; remove 476
    2017 MFW#63 Pay off: £2189/£4000; 2
    017 sell 110

    Mortgage £24,881 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • EatingTheElephant
    • By EatingTheElephant 7th Mar 17, 7:32 PM
    • 980 Posts
    • 5,047 Thanks
    EatingTheElephant
    Happy birthday
    • Tilly MFW in 6 YRS
    • By Tilly MFW in 6 YRS 7th Mar 17, 7:53 PM
    • 7,706 Posts
    • 86,040 Thanks
    Tilly MFW in 6 YRS
    Belated Happy Birthday. The cakes sound FAB

    Best wishes Tilly xxxxx
    2004 £387k 29 years - MF March 2033
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15
    • greent
    • By greent 7th Mar 17, 7:57 PM
    • 5,873 Posts
    • 59,387 Thanks
    greent
    Thanks apple & Elephant!

    Argh! - normally the 2 schools I invigilate for don't ask me to work at the same time - obviously the Summer exam period is the same, but the one school has always been weeks ahead in the organisation stakes compared to the other, so I've always had one timetable beforehand to know my availability for the other. The one school emailed for availability last week so I gave them free rein for the whole period - and the school 2 emailed today for the Summer period, wanting definite availability by Mon. I won't have that as we are working on Y13 Mocks this week, so the Exams officer won't have a chance until next week at the earliest. I've had to decline school 2 for the whole of the Summer at the mo

    Might be back later - DS3 is having a Leg0 crisis......
    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) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
    • greent
    • By greent 8th Mar 17, 5:10 PM
    • 5,873 Posts
    • 59,387 Thanks
    greent
    Thanks, Tilly


    And yet more cake...... I have a present of a cake a week for a month - coming in the post!
    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) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
    • Tilly MFW in 6 YRS
    • By Tilly MFW in 6 YRS 8th Mar 17, 7:57 PM
    • 7,706 Posts
    • 86,040 Thanks
    Tilly MFW in 6 YRS
    Thanks, Tilly


    And yet more cake...... I have a present of a cake a week for a month - coming in the post!
    Originally posted by greent
    I'm sure I can find a reason to pop over for afternoon tea
    2004 £387k 29 years - MF March 2033
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15
    • gallygirl
    • By gallygirl 8th Mar 17, 8:06 PM
    • 16,375 Posts
    • 107,218 Thanks
    gallygirl
    I'm sure I can find a reason to pop over for afternoon tea
    Originally posted by Tilly MFW in 6 YRS
    Stick the kettle on, am on my way
    Save
    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"
    • tattycath
    • By tattycath 8th Mar 17, 9:10 PM
    • 6,745 Posts
    • 35,498 Thanks
    tattycath
    Belated birthday wishes greent.
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments:may £211.04
    May: £2.29 wombling: £0
    Emergency savings £0/£2000
    Savercard Christmas savings £60
    12/3/17 175lb - 15/3/17 173lb
    • apple muncher
    • By apple muncher 8th Mar 17, 9:11 PM
    • 5,980 Posts
    • 43,602 Thanks
    apple muncher
    Hope you get a good night's sleep x
    NST June #1; NSD 18; Ex 16; craft 90; remove 476
    2017 MFW#63 Pay off: £2189/£4000; 2
    017 sell 110

    Mortgage £24,881 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • greent
    • By greent 17th Mar 17, 8:52 AM
    • 5,873 Posts
    • 59,387 Thanks
    greent
    Haha! All MFWers would be welcome to visit for cake anytime! (although I may need notice as - apart from my (large) weekly slice in the post - I am trying to avoid cake at the mo )

    Not much going on here, really. Smallest 2 are off with an inset day today (their school always has them at random times - never tagged on to a half term or anything DS1's save them up and they break up school early) Plodding away with decluttering - am managing to work my way through some of the unread books in the bookcase with OH being away. I like reading - always have - but OH is almost a non-reader, unless it's a newspaper - and he constantly has the tv on for background noise. All the books are being passed on to my mum, too, so more stuff leaving here

    Loving that Spring is well and truly here - the warmer, brighter, longer days - fantastic! So much birdsong to be heard (particularly as we live alongside the canal path with fields the other side) and beautiful Spring bulbs in bloom in gardens

    Money wise... am waiting until start of new tax year to pay some off the BTL - have the money ready. Also need the ground rent bill to come in for the BTL (large communal gardens) - accidentally missed the AGM last month so have no idea of the amount as no report received yet -am hoping it will be no more than £200

    Have to stay in today with the small 2 - OH is expecting 2 parcels and delivery time is 'any time' Really hoping they are earlier, rather than later - but if it's Yodel or DPD delivering they usually come from 2pm onwards here. Wonder if I can get the children interested in helping me in the garden instead.....? At the very least I suspect I can get them out on bikes/ scooters (the advantage of living in a quiet cul de sac - they can happily zoom around reasonably safely in work hours - although some of the drivers are crazy at off-to-work/ home from work times, bearing in mind it *is* a cul de sac (and a curvy one) with no pavement after the initial turn in to it and lots of children - our neighbour seems to see it as a challenge to zoom in and see how late they can break as they pull onto their drive :eek

    Anyway - suppose I should be productive now and go and do something.....
    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) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
    • greent
    • By greent 17th Mar 17, 8:47 PM
    • 5,873 Posts
    • 59,387 Thanks
    greent
    Whoop! - just sold the bike trailer (a double, so a big one - can fit an 8yr old and 5yo in) - means the cost to us for 7 years of use was only £10! (plus 2 inner tubes) - and lots of room gained in the garage!
    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) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
    • newgirly
    • By newgirly 18th Mar 17, 7:37 AM
    • 5,649 Posts
    • 38,733 Thanks
    newgirly
    Hi greent sorry I missed your birthday, have a very belated cake
    MFW 21
    Target for 2017 £38,545 / £10,784 paid so far

    Mortgage £49,452 4 years 10 months left. Total owed £69,512 planning to clear in 18 months
    Weightwatchers target - 29.5 lb start date 11/5/17 so far 8.5lb lost
    • apple muncher
    • By apple muncher 18th Mar 17, 8:21 AM
    • 5,980 Posts
    • 43,602 Thanks
    apple muncher
    How is dh getting on, being away? How much longer is it for?
    NST June #1; NSD 18; Ex 16; craft 90; remove 476
    2017 MFW#63 Pay off: £2189/£4000; 2
    017 sell 110

    Mortgage £24,881 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • greent
    • By greent 18th Mar 17, 9:28 AM
    • 5,873 Posts
    • 59,387 Thanks
    greent
    Cake is always welcome, ng!

    OH is not liking it, apple - still silly hours - 12hour+ days, although that's easing off a little bit until the next stage goes 'live' - he's probably down to 10hour days! Socially it's improved since he recommended a fellow consultant (whom he'd worked with before) for a role there (and we got a £100 M&S gift card from the recruiters as a reward ) - they have a social evening once a week - cinema/ few beers in the pub/ a curry - the other chap is also staying away, so they've got each other for company. It's 'X' this and 'X' that and 'X and I went.... last night' - it's almost a bit of a bromance!

    Contract end date is 21st July - he thinks it might get extended. Good in one way, but that's when the kids are off school, so a Summer home would be nice. However, that's the nature of contracting - you take what's there when it's there..... 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) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
    • brizzledfw
    • By brizzledfw 18th Mar 17, 9:58 AM
    • 6,849 Posts
    • 32,935 Thanks
    brizzledfw
    Just catching up..all sounds good. Know what you mean re contracting, it's hard to balance it all.

    Have a great weekend x
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    June '17 Savings Rate Goal: 25% [May 30%]
    Declutter 50 items before 30.06.17 139/50 ** LSDs Target 5 for June 05/05 **AFDs 13/20 ** Sales Target '17 £750 £110 so far
    **NSDs Target 5 for June 03/05
    • Karmacat
    • By Karmacat 19th Mar 17, 11:58 AM
    • 27,414 Posts
    • 148,500 Thanks
    Karmacat
    The bike trailer sale is a good one! Great that someone else will get use of it too
    Retired August 2016

    Goal: earnings of £25k from new opportunities from September 2016 to December 2020 when my state pension kicks in.Save
    • greent
    • By greent 23rd Mar 17, 11:39 AM
    • 5,873 Posts
    • 59,387 Thanks
    greent
    Yes - the couple that bought the trailer were lovely and their little girl was very cute

    More clearing out going on - I actually dealt with lots of paperwork yesterday, rather than just sort it into piles and move it from place to place until it gets muddled again. Mostly filed (sadly - we need to keep a lot of paper mainly for HMRC type reasons), but lots also recycled and a big pile burned (was raining yesterday, so shoved it in the chiminea and kept the lid on - cue lots of smoke) Also decided to get rid of my SW magazines and some recipe books. Listed the magazines in bundles yesterday evening and 3 bundles sold overnight Will list the books today if I can muster up enthusiasm!

    I've also made good inroads on my to-be-read books this year - this month alone I've passed 6 on (5 read, 1 attempted to 3x over the past couple of years - I gave up this time!) Sometimes the time is right to let things go/ clear stuff/ sort stuff. It's then almost pleasant to sort it out - whereas it's a real chore at other times. I still have several shelves full of books to be read though

    I can't not acknowledge what happened yesterday in London - terrible - my thoughts go out to those involved and their families. My step brother was in London, but not in the area (although had been earlier in the day) I have been talking about the attack this morning with DS1 - will cover it in a different way with DS2 and DS3 after school

    On the subject of DS1, he's at a UCAS day today - so he's got his list of unis that he is interested in to go and find/ talk to/ get info from - and then he's going to have a wander around and see what freebies he can get!

    Can't believe that DD is coming towards the end of her first year at uni already :eek She is coming home at Easter with the bf (his parents are on hols for the first week with his younger brothers) - guess that means I've got to get him an egg too! I think it is safe to say that she has really enjoyed her first year DS1 will be away for Easter weekend (which is also his 17th birthday) with army cadets. I am looking forward to the long weekend with OH home - I hope the weather is at least dry. If it is, we plan to tackle the areas of the garage where the mice were which we couldn't easily get to in the Autumn/ Winter. Give it all a good clear out and clean down. No doubt some stuff will have to go (the box with my wedding veil and the bridesmaids headdresses in has apparently been attacked....)

    Not much else to report here... life is just pootling on..
    xx
    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) £3000/£3286
    Net sales 2017 £657.00/£500 PAYDOX17 £9887/£10k Decluttered 865/2017 items
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