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  • FIRST POST
    • greent
    • By greent 26th Mar 10, 2:46 PM
    • 6,505Posts
    • 65,655Thanks
    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) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
Page 75
    • Karmacat
    • By Karmacat 23rd Mar 17, 12:51 PM
    • 28,174 Posts
    • 155,213 Thanks
    Karmacat
    I know what you mean about the London attack, greent - I just feel like if I start on my own thread, I'll write a book. I'm just glad that my London rellies (nearly all the next generation of our family!) weren't caught up in it, and terribly sad for all those people who *were*. Our multinational capital! I feel especially sorry for those poor South Koreans, all older than me from the sound of it - I saw one report that said they were caught up in a stampede? Awful
    Retired August 2016
    • greent
    • By greent 27th Mar 17, 7:22 PM
    • 6,505 Posts
    • 65,655 Thanks
    greent
    Whoop! Nearly at the end of another month (almost a quarter through the year already! :eek :eek) - meaning I'm now less than 2 weeks away from making my first OP for 2017 to the BTL. I'm already trying to persuade myself to pay more than my plan!

    Just had a lovely (and busy) weekend. The smallest 2 both got swimming awards from their lessons and OH and I took a walk with them to the supermarket (the incentive for them being they could buy Lego with their own money) in beautiful sunshine. We also did some cleaning/ tidying/ organising and the house looks much better a result I've sold 13 things on fleebay in the last week and have another dozen listed and maybe another half doze still to list. They've mainly been small things, too - so I've been able to use my RM Survey stamps, which is always a bonus (I tend to use a courier for larger items) And today I had an email asking if I'd be interested in joining the RMS team again - of course I said yes

    Spring is definitely here - and it's lovely

    Skyped with DD yesterday - she and bf are coming here for the whole of the Easter hols (I thought it was only going to be a week), which will be nice - means I'll have to get him an egg, though - can't leave him out! I've said that if they do some of the charity related paperwork I have for me that I'll pay for them to have a meal out at Nandos - my hand was snapped off at that - it's actually a good deal, as far as I'm concerned!

    OH has now done 2 full months of this contract - 1/3rd of the way through. It's definitely just a means to an end - ie: taking the Summer off work without any concern about money. One contractor has resigned early from their contract and another has been given express permission by his wife that he can leave if he wants, as it's so bad. I've said to OH that he needs to try and hang in there if he can - and to keep his eye on the goal at the end. Obviously if it was truly affecting him in a negative way I'd say to leave, but they have to give a month's notice anyway - which would then take him to half way through - hopefully from then on it's a downward slope to the finish

    Exercise is going ok - am managing something usually 4 or 5 days a week. Not feeling/ seeing any change, but it has to be doing me some good!

    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) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
    • apple muncher
    • By apple muncher 27th Mar 17, 9:24 PM
    • 6,633 Posts
    • 48,652 Thanks
    apple muncher
    Can't recall how long you've been exercising. But it is said that it takes 4 weeks for you to notice a difference, 8 weeks for those nearest to you to notice, and 12 weeks for the world to notice. Keep going!
    NST DDD#1; NSD 4/15; Ex 2/12; craft 11/30 (267); remove /31 (601)
    2017 MFW#63 Pay off: £3708/£4050; 2
    017 sell 351

    Mortgage £23,486 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • Karmacat
    • By Karmacat 28th Mar 17, 9:33 AM
    • 28,174 Posts
    • 155,213 Thanks
    Karmacat
    Sounds like its going well, greent, but sorry the contract for OH is so bad. Keeping your eye on the prize at the end is a positive, though And I like apple's saying about exercise
    Retired August 2016
    • greent
    • By greent 31st Mar 17, 8:43 AM
    • 6,505 Posts
    • 65,655 Thanks
    greent
    Funding Circle
    Does anyone have a referral code? (if they exist - there's a place to enter promo code, so figured it might be a referral code)

    Am signing up for new tax year
    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) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
    • Debsnewbudget
    • By Debsnewbudget 31st Mar 17, 9:36 AM
    • 242 Posts
    • 2,259 Thanks
    Debsnewbudget
    Tried to send you a pm but your storage area is full

    Funding circle have an offer of £50 each if you sign up and deposit £2000 before 30th April

    Deb
    • greent
    • By greent 31st Mar 17, 1:59 PM
    • 6,505 Posts
    • 65,655 Thanks
    greent
    Thanks apple & Kc. Have been doing Zumba irregularly since Nov, I think. More regularly for last couple of months. OH says he can see a difference and I weighed myself end of Feb and end of March - 8lbs difference. Also, a pair of work trousers I couldn't get on at beginning of March, I wore to work this week - ok - they still have a muffin top, but they went over my thighs, which they weren't doing a month ago!!

    No exercise this week other than a long walk on Mon (had done more than 10k steps by 10am) - smallest greent has shared his bug with me, so I'm full of a chesty/ cough thing - no breath/ energy to do anything other than minimum. Will get back to it next week, hopefully
    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) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
    • greent
    • By greent 31st Mar 17, 2:00 PM
    • 6,505 Posts
    • 65,655 Thanks
    greent
    Tried to send you a pm but your storage area is full

    Funding circle have an offer of £50 each if you sign up and deposit £2000 before 30th April

    Deb
    Originally posted by Debsnewbudget

    Thanks Deb - I have something from you so will check it out later
    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) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
    • Karmacat
    • By Karmacat 1st Apr 17, 10:05 AM
    • 28,174 Posts
    • 155,213 Thanks
    Karmacat
    Yup, if a bug comes along, even passed to you by a tiny one, lay off the exercise - hope your energy levels improve next week.
    Retired August 2016
    • greent
    • By greent 3rd Apr 17, 7:18 AM
    • 6,505 Posts
    • 65,655 Thanks
    greent
    Wrote this last night, but didn't press 'post'.....

    Bug has developed into full-blown cold - headachey, snot-filled, mouth breathing and heavy-limbed. Tired from lack of breath - but today is an improvement on yesterday And tomorrow I don't have to be at work until 10.45, so I can have a slower start to the day than if I was leaving the house at 8am

    Quiet weekend, as OH also has the bug-turned-cold. Yesterday we basically did nothing except ensure smalls were fed and then took them to a party 30 mins away - they had a good time and I spent the party talking to the dad (my cousin's husband) about life plans, FI/RE, new kitchens, Brexit etc - very pleasant

    Today we have managed a small shop to top up and to feed smalls - and do washing and ironing of uniforms etc. And not much else

    Ooh - first payment for 2017 made to BTL - £1k. Looking forward to getting sub acct 3 paid off by year end
    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) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
    • Karmacat
    • By Karmacat 3rd Apr 17, 8:23 AM
    • 28,174 Posts
    • 155,213 Thanks
    Karmacat
    Hope it shifts soon, greent - I'd be flat on my back with that sort of lurgy, you sound like you're keeping going because needs must. Take care.
    Retired August 2016
    • debtfreeoneday
    • By debtfreeoneday 4th Apr 17, 8:34 AM
    • 2,786 Posts
    • 9,546 Thanks
    debtfreeoneday
    Hope you feel better soon, must wear my glasses when reading posts as read that you did nothing except feel the snails, and then did a double take with the thought of when did you get snails?

    DOH!
    DFW (08/08) £64,346.53
    Credit card debt: £4392 over three credit cards.
    MFW (01/15) £118,031.21 £95,324.07
    • greent
    • By greent 10th Apr 17, 8:16 PM
    • 6,505 Posts
    • 65,655 Thanks
    greent
    Haha dfod! Your comment made me well and truly laugh out loud!

    The holidays are here! All three boys broke up early on Fri and DD and bf came back here yesterday. Beautiful weather all weekend meant that all the children (DD, bf, DS1, gf & ds2 and Ds3) all had water fights in the garden on Sat/ Sun (depending upon who was here) - very soggy, but looked good fun

    OH is feeling it with this contract even more now that the children are on school hols. Not sleeping, very stressed, not eating properly, being sick.... really trying to keep an eye on the end goal of the Summer off....

    Easter hols always mean a good sort of the bedrooms - DS3's has been started today - lots of toys, books, magazines and some clothes have left the room so far Still lots to do - but a good start on day 1
    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) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
    • greent
    • By greent 16th Apr 17, 8:36 PM
    • 6,505 Posts
    • 65,655 Thanks
    greent
    Ooof! Where did that week go?!

    Am enjoying the long weekend - nice to have OH home more

    DD's bf has gone back home (yesterday) - came down with a heavy cold the day before he went back, poor thing - it's never nice feeling rough when you're not in your own space. They went out one night and met up with lots of her friends also back from uni for the hols - seemed like they had fun

    DS1's bday was yesterday - 17 - but he went away with cadets on Fri and isn't back until tomorrow afternoon. Slightly weird..

    Lots of choc eggs here today , and a small egg hunt in the garden this morning for the smaller 2. Chillier today than the past couple of days, and there has been on and off rain (much needed) this afternoon and evening.

    DS3's room still not quite finished - almost - lots of items released/ priced for releasing at NNS. Past 2 days spent sorting garage - we have a new mouse (mice?) - put bait down this time. Lots of destroyed things binned (inc my wedding veil and some other wedding keepsakes) and lots of other things (not mouse attacked) donated/ recycled/ binned/ priced up/ burned (tax records going back to 2002.....??) Some large things identified to sell via fb00k and fleebay in the next few weeks. Still have more to do, but it is looking sooo much better, and there is more room - and it's cleaner!! Too cold to do it again today and we're both feeling it having done a lot the past 2 days. Smalls were offered a trip out, but declined.

    Friends came round last night and we had a good catch up. They are putting their house on the market this week, so we were having a good look at houses online - they've put an offer in on a lovely cottage (owner doesn't want to move for a few months at least, so EA was happy to put the offer forward even if their house not officially on market until Weds - if their house sells quickly our friends wouldn't need a mtge)

    Had a lovely catch up with my favourite aunt today - she came over to collect a leather tub chair which we were getting rid of - she has been looking at buying one these past few weeks, so it was a win-win!

    Few more fleebay sales made over the hols, and will list some more items on there either tonight or tomorrow as I have an offer on fees from them at the mo The talk of housemoving from rl friends and mfw diarists on here makes me think again of just how much 'stuff' we have here and also highlights all the little niggly jobs to do around the house - we need to plan time to do some of them!

    Generally, though, I think my head is in quite a good space at the mo - too much to do and too little time, perhaps - but I'll catch up with myself at some point

    Hoping you've all had a lovely Easter
    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) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
    • brizzledfw
    • By brizzledfw 17th Apr 17, 8:28 AM
    • 7,158 Posts
    • 34,766 Thanks
    brizzledfw
    Lovely to catch up. Sorry you've all been ill. Fingers crossed OH can bear it for a little while longer.

    Have a good day xx
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 200 items before 31.01.18 xx/200 ** LSDs Target 10 for Winter 0x/10 **AFDs xx/15 ** Sales Target '17 £750 £225 so far
    **NSDs Target 10 for Winter xx/10 Trying to be a Frugalista
    • Karmacat
    • By Karmacat 17th Apr 17, 10:14 AM
    • 28,174 Posts
    • 155,213 Thanks
    Karmacat
    greent, you sound really happy, and apart from DD's boyfriend's cold, and DS1 being absent for his birthday, it's sunshine all round

    Lovely!
    Retired August 2016
    • Firegirl
    • By Firegirl 17th Apr 17, 10:59 AM
    • 722 Posts
    • 2,897 Thanks
    Firegirl
    Sounds like you have lots of great people around you! Enjoy
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £197, 495
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • CathT
    • By CathT 17th Apr 17, 11:20 AM
    • 5,379 Posts
    • 37,015 Thanks
    CathT
    Achieving so much as ever. Hope you're feeling better soon.
    Dec 2017 -
    part 1 - £79,783
    part 2 - £45,999
    Total - £125,782
    • greent
    • By greent 18th Apr 17, 5:51 PM
    • 6,505 Posts
    • 65,655 Thanks
    greent
    Aww - lots of lovely comments - thanks!

    Good morning with DD earlier - nipped into town, did banking for the charity & collected some more deposit envelopes and collected DS1's bday cake https://www.patisserie-valerie.co.uk/groupon - the gateau noir one - except we received a bigger one than we ordered, for some reason? - not that I'm complaining! Bargain at £15 (and also got cashback on the group0n deal)

    Then we went to the charity place, picked up some bits I'm dealing with (forgot to drop some no longer needed ikea bags off after our clear out - grr), dropped a parcel off for Ziff1t, came closer to home, went to PO and posted survey items and fleebay items (using survey stamps ), dropped a bag of stuff at CS, a bag of food stuff at foodbank collection point in Tesc0 and bought milk & cereal there - then came home DS1 is very pleased with his cake (The platoon got him a cake at the weekend and sang Happy Birthday to him, which was nice - they spent 3 nights in a field and not even under canvas)

    My mum took the smalls and DD out with her dogs for an hour, so I got some ironing done whilst they were out, but not much else. Now debating what to make for dinner tonight - am favouring pasta and jacket potatoes (not together - but not everyone likes each option) - relatively easy and uses up some salad and veg items at the same time

    Have had to water some pots the past few days (winter pansies) - it's so dry here - an occasional small burst of rain, but dry again within 10 mins, so the pots are all parched. OH ordered an insane amount (over 400!! ) plants from group0n at the weekend - that's not going to be fun when they arrive! I did say that he has to help with that - that's way too many for me to get done! Should bring a burst of colour into the garden though

    Hmmm... money news - nothing to report, really. Small fleebay sales - all going towards a lump payment on OH's car finance. Should hopefully make another £1k OP on BTL in June. Need to sort student finance for DD out - but need to do it on 2016/17's income, not 2015/16's, as we had a more than 15% drop where OH didn't have a contract, so want to make sure DD can get as much as possible. She has her accom for next year sorted now - a little flat which was totally renovated only a year ago, so the current student tenants in there are the first ones - hopefully everything in there should then still be in reasonable order! We will need to buy a couple of items for it and she and flatmate need to sort out the bills etc - they are responsible for it from 1st July, which is a bit of a pain, as their course doesn't start again until almost Oct, so rent and bills are needed for 3 empty months - but that seems to be fairly standard, unfortunately. Thankfully she's actually quite sensible with her money!

    Right - need to go for a walk - my fitbit's told me I've not been active enough this hour!

    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) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
    • greent
    • By greent 25th Apr 17, 11:29 AM
    • 6,505 Posts
    • 65,655 Thanks
    greent
    We're on that slow crawl of the last few days before pay day.... current accounts are skint and I refuse to transfer money over so am not spending until the end of the week, hopefully (I have £20 in my purse if we need top up shopping, such as milk) - am really looking at ploughing money into OH's car loan and then the BTL (OH is looking at having a 'nice' holiday - not as expensive as America last year, but still a few £000 - we need to meet somewhere in the middle! )

    Boys all went back to school yesterday. DD is still here until Sunday - at which point she will no doubt be taking back half the contents of the freezer and pantry to uni!

    OH is now officially half way through the contract - yeay! And May yields 2 long bank holiday weekends and a day off on May 4th, as the smalls' school is closed for the local elections, so we are off to Legoland, courtesy of our Tesc0 CC vouchers We aren't telling the smalls until that morning

    Decluttering has continued over the hols - lots has left via the bin/ recycling/ CS/ fleabay and more has been priced up for the next NNS (July) - some real space has been emerging in areas, which is great to see. I have a huge pile of toys to sort out this week and next for fleabay. Any unsold will then go to NNS, but I suspect *most* should sell - which the children will like, as they can then replenish their money boxes with funds for more toys, or whatever (usually Leg0 for the smalls, PS4 games for DS1 - and going out clubbing for DD )

    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) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
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