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  • FIRST POST
    • greent
    • By greent 26th Mar 10, 2:46 PM
    • 6,664Posts
    • 67,748Thanks
    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
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 £991.65/£17044.10 Decluttered 151/2018 items
Page 86
    • greent
    • By greent 30th Dec 17, 10:22 PM
    • 6,664 Posts
    • 67,748 Thanks
    greent
    The meal was fab! OH and I have plans to go there for breakfast/ brunch some time when he has a day off (so not sure when that'll be! ) - the prices for that aren't bad. We're considering it for DD's 21st, too ( - I'll have a 21 year old child in 2018!! (and an 18yo!) (and a 12 and 9yo - but those ages aren't scary )

    We've overspent on our Dec food budget - but I'm not too upset by that. We haven't eaten down the freezer at all - in fact, I've been adding to it with some great YS items yesterday and today, so it's a game of tetris in there right now! January will see us eating out of there and the pantry - and DD will also relieve us of quite a bit of food when she goes back to uni in just over a week.

    So.... it's NYE tomorrow. DS1 is out at a party (I believe it is a sleepover) DD went out with friends last night for an early NYE celebration (some friends are working tomorrow night or have family stuff) so she is at home with us and the small 2. Our plans were Chines takeaway (budgeted), prosecco (not for the smalls!) and a games night - with Ma1tesers and the Hotel Choc dipping extravaganza we got for Xmas. Bestie texted me earlier and has asked if she and her hubby can come over for the evening - obv said yes. Not sure if they want takeaway - will confirm tomorrow morning (we were trying to arrange it all when I was sorting smallest for bed). Also not sure if they are staying!

    I have 'undressed' the dining table now (tablecloth and runner in the wm as I type) but have left all decs untouched as yet. I may remove some of the foliage tomorrow - the ivy is looking crispy/ floppy, depending upon which room it's in. Holly is still all very nice, though! Much as I love Christmas, I am looking forward to having all the storage boxes out of the way again

    I'm looking forward to 2018 and what it may bring May it be a good one for all of us! 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
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 £991.65/£17044.10 Decluttered 151/2018 items
    • museumworker
    • By museumworker 31st Dec 17, 8:05 AM
    • 2,025 Posts
    • 11,621 Thanks
    museumworker
    Our freezer is still bursting too! Wishing you a wonderful 2018 x
    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
    • greent
    • By greent 1st Jan 18, 9:23 PM
    • 6,664 Posts
    • 67,748 Thanks
    greent
    So last night..... friends turn up with a big box of games (they've not long moved house) and random toys (remote controlled things, 'guns' which fire foam discs etc) - kids will love going through and friends are happy that any unwanted stuff goes to CS.

    Had takeaway, moderate alcohol (all different) and played 'Don't Say It' - me, OH, bestie and hubby, DD (20), DS1 (almost 12) and DS3(8) and had some of the choc extravaganza and then finished just about in time to watch fireworks and listen to Big Ben. Small 2 went to bed then (they'd been fab) and then we had more alcohol (moving onto spirits as opposed to the earlier prosecco/ lager/ beer) and played Cards Against Humanity (so down to the 5 of us) Was absolutely brilliant fun - can thoroughly recommend playing it (DD was the only one who'd played it before) - particularly if playing with similarly-warped humoured people! Finished around 3.30 (with warm milk!) and made it to bed for 4am - and was woken by DS2 who announced he'd been sick at 5.30.... Ended up getting up just after 9 and we're all running on low energy today - but had a great night. Have resolved to do it again but earlier to bed! No hangovers (not that much was consumed in reality - eg I had 2 large glasses of prosecco and 1 very large caramel vodka but over a period of about 6 hours), just tiredness. Having our friends here (they ended up staying) enhanced the evening. They truly are great friends

    Not much activity today - easy food (inc leftovers), a long family game of Monopoly and that's about it. DS1 is back at school tomorrow, so it's back to getting up to an alarm in the morning....

    Happy New Year!
    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
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 £991.65/£17044.10 Decluttered 151/2018 items
    • kindofagilr
    • By kindofagilr 2nd Jan 18, 9:39 AM
    • 6,110 Posts
    • 20,528 Thanks
    kindofagilr
    Happy New Year

    I am so not ready for the school run again, thankfully we don't go back till the 8th xx
    Real LBM in DEC 17 £56,706.79/£55,572.63 as of 19/01/18

    POAMAYC 2018 #87 PD £1134.46/£12,000
    POAMAYC 2017 #87 PD £10,380.18/£10,000
    POAMAYC 2016 #87 PD £7454.80/£7000


    Mortgage (Start Date 01/04/09 ~ 30 year term, due to end 01/07/39)
    £104,409/£86,118.00 (as of 31/12/17) ~ 17.51% Paid

    Survey Money 2017/£107.00 ~ 2018/£0.00

    My Debt Free Diary (Link)
    • smallholdingsister
    • By smallholdingsister 2nd Jan 18, 11:26 AM
    • 3,625 Posts
    • 28,971 Thanks
    smallholdingsister
    Hope DS2 is better?
    • Karmacat
    • By Karmacat 2nd Jan 18, 11:40 AM
    • 28,353 Posts
    • 157,893 Thanks
    Karmacat
    Sounds wonderful, greent
    Retired August 2016
    • greent
    • By greent 2nd Jan 18, 9:02 PM
    • 6,664 Posts
    • 67,748 Thanks
    greent
    DS2 was fine the next morning, thanks, shs - am figuring too much choc (I found out afterwards that he'd raided some Xmas choc in the fridge) and a very late night. Landing carpet now needs vaxing, though - scrubbing it just didn't work quite well enough!!

    Alarm was set for 6.20 this morning - and that was a struggle! Back to 6am tomorrow, as the smaller 2 are also back. All bags are ready and by the front door. I shall prep lunchboxes shortly and have DS3's uniform ready and waiting (forgot to sort DS2's - will aim to do that when he is asleep (I know they *should* do it, but it will make the morning tomorrow so much easier.....)) DS2 doesn't want to go back - he feels that it is too early (as do I!) However, I'm sure he'll be fine and it'll all be back to normal routines and rhythms next week.

    Suppose I should mention something money related I paid £5 off the BTL mtge today - totally smashing it! I also transferred some more to the kitchen fund and paid my 2015/16 tax bill (I had an extra £565 to pay)

    On the subject of the kitchen, I started clearing out another cupboard and have a box of various glassware (some of which I really like but never use and choose others to use above it) for the CS. Am sure other stuff will emerge, so I shall hang fire on taking it there until next week. I also tidied (most of - I got bored!) the airing cupboard (the penalty of having had DS1 and DD put things away in there recently - and also OH grabbing old beach towels for the leaky loo!) - and released 2 duvets and a small throw/ runner

    I'm shattered - think NYE has caught up with me. Shall do lunchboxes, put a load of washing on to do, sort wet/ dry washing on radiators and then might call it a night... I have a book from my to-be-read stash to start reading (and can then pass it on when finished)
    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
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 £991.65/£17044.10 Decluttered 151/2018 items
    • michelle09
    • By michelle09 3rd Jan 18, 7:50 PM
    • 581 Posts
    • 2,738 Thanks
    michelle09
    Wow, 21 and 18 year old. Not really children anymore.

    Oh no, sounds like an eventful NYE.
    • newgirly
    • By newgirly 8th Jan 18, 8:14 PM
    • 6,010 Posts
    • 41,493 Thanks
    newgirly
    My best friend bought us cards against humanity for Xmas, not played it yet but looking forward to it as we also have a warped sense of humour

    I think I have messaged you on mfp, if you get one from a Harry Potter character it's me

    Happy new year!
    MFW 21
    Target for 2018 £40k/£0 paid so far

    Mortgage £47,000 4yrs 5 mths left. Total owed £61,942 planning to clear in 17 months
    Weight loss target 2018- 21lb /2.5 lost
    • newgirly
    • By newgirly 8th Jan 18, 9:16 PM
    • 6,010 Posts
    • 41,493 Thanks
    newgirly
    Should have checked messages first sorry, just accepted you
    MFW 21
    Target for 2018 £40k/£0 paid so far

    Mortgage £47,000 4yrs 5 mths left. Total owed £61,942 planning to clear in 17 months
    Weight loss target 2018- 21lb /2.5 lost
    • greent
    • By greent 9th Jan 18, 8:22 AM
    • 6,664 Posts
    • 67,748 Thanks
    greent
    Haha! No worries, ng! Whilst I'm logging in, I'm not really trying very hard atm (eg: I've just finished up the Xmas double cream with my breakfast porridge!) - will be on it soon. And you must play CaH - it's so funny!! We are going to get a set and an add on for us

    So all the boys went back to school last week (DS1 on 2nd, DS2 and DS3 on 3rd) - getting up to a 6am alarm was hard!!! After school/ evening ctivities are all back on this week (swimming, shooting, Cubs, Scouts, rugby, Cadets, more rugby....) so it's very much back to 'normal' now.

    'Twas DS2's 12th bday on Saturday - he chose (on Fri night) to go bowling on Saturday - we haven't been in years and it was really good fun! (although more expensive than I remember - but I had a family deal and used tcb to book it online) - must do it again - have suggested poss half term, when we can take advantage of a midweek deal price He then (last minute) wanted to go out for food, but doing a walk-in as a family of 6 (we have limited choice of restaurants where all 6 of us like something on the menu, too) is really hard - we usually end up having to wait for quite a while before they can fit us in - so they had takeaway instead and have promised a family meal out when DD next home from uni.

    Talking of DD, she went back to uni on Sunday - OH took her (and popped in Cardiff Ikeya at the same time ) - has been lovely having everyone together and so relaxed for a few weeks

    Money news - tenants have essentially moved out of the BTL - where they haven't been there and it's been cold and they had no heating on and no ventilation there are some patches of mould on 2 walls (very common in those properties - it's down to the 1970s construction) so I need to clean it, treat it and then repaint (and remove wallpaper from 2 rooms - and fill/ sand down/ repaint lots of holes......) Am not really OPing until we have new tenants, just some rounding down monies from c/ac.

    Kitchen - need to check we are still on plan for amended date (w/c 5th Feb). I have started emptying cupboards - lots of random stuff to CS and some bits identified for fleabay. Feels a bit in limbo at the mo. Am so looking forward to March when the majority of it will all be done! (although we'll have basically no savings after that! - good job OH's contract has been extended until end of April so I can take some more money out of the company! )

    Ooops - Time to take smallest one to school....
    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
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 £991.65/£17044.10 Decluttered 151/2018 items
    • michelle09
    • By michelle09 9th Jan 18, 12:08 PM
    • 581 Posts
    • 2,738 Thanks
    michelle09
    Well you wouldn't want the cream to go off.
    • greent
    • By greent 9th Jan 18, 2:53 PM
    • 6,664 Posts
    • 67,748 Thanks
    greent
    Well you wouldn't want the cream to go off.
    Originally posted by michelle09
    Exactly!!!
    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
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 £991.65/£17044.10 Decluttered 151/2018 items
    • greent
    • By greent 10th Jan 18, 7:36 PM
    • 6,664 Posts
    • 67,748 Thanks
    greent
    More packing up of kitchen stuff today - and more stuff binned/ recycled/ put to one side to donate/ pass on. Will leave the fleabaying of anything until after kitchen - it's all fragile and my stock of bubblewrap etc has been used wrapping up kitchen stuff. Annoyingly () I've sold 3 items on flebay this week which have also needed packaging - cue a dash into Tesc0 f&v aisle to grab as much bubblewrap from fruit boxes as I could without disturbing stock (thankfully there was a small pile in a box, put there by staff) Will need to go again as I still need more....

    Went to BTL today (to out recycling out for collection tomorrow) - discovered a damaged patch of flooring in the kitchen which they'd then tried to hide with a non matching sticky tile! - wish they'd told me. I have said that I will be keeping some of the deposit back to cover this. Have also decided to pay someone to redecorate - we just haven't got the time - we need to spend it on our kitchen prep. We'll strip wallpaper and wash down and treat mould this weekend in the rental and then I'll get someone in to redo walls and ceilings. Will also get the place properly cleaned after and keep the cost of it back from the deposit - the fridge and freezer are both filthy inside, the kitchen cupboard shelves are sticky and crumb infested, the kitchen and bathroom sinks are both dire - simple stuff which the tenants should have done, and I'm disappointed that they haven't. I could understand not cleaning windows, but the freezer and fridge.... meh!!

    That reads as quite grumpy- which I don't feel. I'm more interested in my house than the BTL, so it's just easier to pay someone this time and offset the cost.

    Moving on, we have now eaten most of the Xmas stuff (the DC still have some choc, but that'll go eventually) - except cheese - we have loads of it - including sticky toffee cheese ?!?! Yesterday's lunch was an omelette with a mix of smoked cheese, garlic & herb cheddar and cheddar with chilli (only a tad, as that stuff is well peppy!! ) Today's jacket spud with coleslaw had more garlic cheese crumbled over it. Once it's gone/ significantly reduced, I'll feel more able to be make 'better' food choices - I hate the idea of waste! No idea what I'm going to do with the toffee cheese, though!
    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
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 £991.65/£17044.10 Decluttered 151/2018 items
    • greent
    • By greent 13th Jan 18, 1:37 PM
    • 6,664 Posts
    • 67,748 Thanks
    greent
    Flu That is all.
    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
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 £991.65/£17044.10 Decluttered 151/2018 items
    • muddywhitechicken
    • By muddywhitechicken 13th Jan 18, 4:06 PM
    • 3,853 Posts
    • 35,127 Thanks
    muddywhitechicken
    Flu That is all.
    Originally posted by greent
    Oh no Hope you feel better soon xxx
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£39,500
    Current total overpayments: ~£118,750
    • smallholdingsister
    • By smallholdingsister 13th Jan 18, 4:09 PM
    • 3,625 Posts
    • 28,971 Thanks
    smallholdingsister
    Get well soon. Treat it seriously.
    • Goldiegirl
    • By Goldiegirl 13th Jan 18, 4:19 PM
    • 8,409 Posts
    • 48,176 Thanks
    Goldiegirl
    oh no, hope you get well soon.
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
    • Pearla*Merle
    • By Pearla*Merle 14th Jan 18, 3:43 PM
    • 1,594 Posts
    • 9,386 Thanks
    Pearla*Merle
    Oh no, it's rife this year! Take care of yourself xx
    a penny picker upper. every penny's a prisoner!
    £26.65 til OnePoll payout! Round six! | Save £7200/£15,000
    Normality is a paved road; it's comfortable to walk, but no flowers grow on it.
    Whatever you're meant to do, do it now. The conditions are always impossible.
    The only thing you absolutely have to know, is the location of the library.
    • museumworker
    • By museumworker 14th Jan 18, 3:46 PM
    • 2,025 Posts
    • 11,621 Thanks
    museumworker
    Oh no, rest up and hope you feel better soon x
    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
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