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  • FIRST POST
    mineallmine
    Sort 7 financial things in 7 days
    • #1
    • 5th Dec 12, 4:04 PM
    Sort 7 financial things in 7 days 5th Dec 12 at 4:04 PM
    Hi,

    If this thread should sit somewhere else can a Mod please move

    I find the "What small DFW things will you do today?" thread really useful. I have some big DFW things I need to do but put off. I'd like to sort these things I hate doing quickly. The idea is to sort 7 financial things in 7 days. And not wait until the New Year to start. I need to:

    1. Close an old savings account and cancel the standing order (yes I know this should be straightforward )
    DONE!

    2. Open a new savings account with best rate etc

    3. Get an ISA for this financial year, again with best rate
    DONE!

    4. Check interest rate on old ISA. Consider transfer.
    DONE... AWAITING TRANSFER FORM.

    5. Do an up to date inventory of all monthly/yearly direct debits. Check through it.
    DONE!

    6. Reconnect the Energy Monitor. See what the thirsty lights/ appliances are. Think how to reduce energy usuage.

    7. Research options for loft insultation top up (DIY, MSE newsletter offers)
    DONE!

    Anyone want to join me? I'm starting tomorrow 6/12/12.


    Achieved 5/7 last week so not bad considering I hate doing stuff like this and put it off

    So here's the next list including any items not achieved last week:

    1. Open a new savings account

    2. Find paperwork for closing another old dusty savings account. Cancel the standing order

    3. Find paperwork for old ISA

    4. Get hubby to reconnect the Energy Monitor to highlight thirsty lights/appliances

    5. Do an inventory of all Direct Debits in main account

    6. Create a new budget spreadsheet for 2013

    7. Sort an awkward goods return using Martins consumer guide in this weeks newsletter

    So this is all about getting these ruddy bigger things sorted and done. Consolidating savings. Using ISA allowances/best deals.
    Originally posted by mineallmine
    Last edited by mineallmine; 15-12-2012 at 12:35 PM. Reason: Some progress made!
    Declutter 300 things in December challenge, 9/300. Clear the living room. Re-organize storage
    Cherryprint: "More stuff = more stuff to tidy up!"
    Less things. Less stuff. More life.
    Fab thread: Long daily walks
Page 3
    • rising from the ashes
    • By rising from the ashes 9th Dec 12, 6:05 PM
    • 12,236 Posts
    • 59,061 Thanks
    rising from the ashes
    I think my current isa earns about 0.10 interest. So once I find my paperwork I'll ring them to get onto a better deal ASAP. Ideally I should shop around but if I can move quickly and easily from 0.10 to about 2% that's progress. Not perfect but progress. I'll get the papers together and go from there.

    I find isas confusing. For instance, if you:-
    Have an isa with bank "a" from previous financial years.
    Open a new isa this financial year with bank "b".

    Can you transfer bank "a" existing funds to a better rated account at bank "a" and also start a new isa, with your new isa allowance, the same year with bank "b"? On paper that feels like 2 new isa accounts but only, rightly, using one's years isa allowance.

    Originally posted by mineallmine
    I've in the process (ie have the paperwork to sign - ohhhh can't remember if that's got a number or not! ETA - have given it No 6!) of moving last years' monthly saver boiler fund (only 300!) to this one - pays 3.10% to Nov 2013. 60 days notice but if you're looking to stick some money somewhere longish term might be worth a look:
    http://www.coventrybuildingsociety.co.uk/savings-and-investments/cash-isas.aspx

    I also find them really confusing as I don't understand why I can't pay more into last years ISA?
    Back on the frugal MSE journey
    Debt free & determined to stay that way!
    1,000 Emergency Fund Challenge #76 375 / 1,000
    Vet Fund: 350.28 / 1,000
  • mineallmine
    Right I'll bear that offer in mind

    I understand, hopefully it's right, that each years isa allowance is visually like a different colour pig! And said pig can only consume so much in total for that year/and overall. So purple pig(!) for 2012/13 = that years isa allowance. So it's almost as if they're sealed shut after year end.

    Damn confusing stuff!
    Declutter 300 things in December challenge, 9/300. Clear the living room. Re-organize storage
    Cherryprint: "More stuff = more stuff to tidy up!"
    Less things. Less stuff. More life.
    Fab thread: Long daily walks
    • rising from the ashes
    • By rising from the ashes 9th Dec 12, 6:33 PM
    • 12,236 Posts
    • 59,061 Thanks
    rising from the ashes
    I understand, hopefully it's right, that each years isa allowance is visually like a different colour pig! And said pig can only consume so much in total for that year/and overall. So purple pig(!) for 2012/13 = that years isa allowance.
    Originally posted by mineallmine
    Will tell DF that one!

    He tried to explain it to me but I ended up getting even more confused

    BUT what I don't understand - is, if the pig's aren't full for for that year - why can't you pay more to them after that & why do you have to start a new one?
    Back on the frugal MSE journey
    Debt free & determined to stay that way!
    1,000 Emergency Fund Challenge #76 375 / 1,000
    Vet Fund: 350.28 / 1,000
  • mineallmine
    I know what you mean rising. Opening one each year is a pain. And the horrendous deal that my one now is just shows how these things should be reviewed and refreshed every year. I guess even if at the very least you ring your existing one to get a better deal for the coming year. Clearly this isn't something I've done for a long time.

    It feels like spinning plates!

    But I'm hoping that as I simplify things and sort things like this that all this will become easier and less daunting
    Declutter 300 things in December challenge, 9/300. Clear the living room. Re-organize storage
    Cherryprint: "More stuff = more stuff to tidy up!"
    Less things. Less stuff. More life.
    Fab thread: Long daily walks
    • rising from the ashes
    • By rising from the ashes 9th Dec 12, 8:13 PM
    • 12,236 Posts
    • 59,061 Thanks
    rising from the ashes
    OK .... a wee update - this has highlighted one of my (many!) problems.

    I just can't seem to start and finish something (unless really important!)

    I guess I'm a bit restricted atm .... but still!


    1. Write to bank to close old savings account & request a cheque for outstanding balance (only around 3 but hey ...)
    2. Write to old employer's pension agency to advise of change of address (moved in 2007 ) and request update pension forecast * have found all pension paperwork ready to write letters - have also discovered a pension I'd forgotten about (tiny one & have tried to close / transfer it in the past which I can't & is a bit of a pain as it's never going to be worth anything!)
    3. Write to CU to increase salary deduction to savings account to 20 / month (have been meaning to do this all year)
    4. Financial filing - sorting through bags of old stuff from the "forgotten years" # 1 big bag left shredder overheated earlier so hoping it'll work again once it's cooled down!
    5. Start new DFW Diary DONE
    6. Sort out new ISA for 2012 monthly saver money (boiler fund) Form to sign arrived yesterday BUT it says to enclose a cheque for payment - when it said I could do the transfer online..... no idea where my cheque book is (it will be somewhere safe .... just where is the problem)
    7.
    Originally posted by rising from the ashes
    Back on the frugal MSE journey
    Debt free & determined to stay that way!
    1,000 Emergency Fund Challenge #76 375 / 1,000
    Vet Fund: 350.28 / 1,000
  • mineallmine
    How about requesting another cheque book rising, online, at ATM or in branch. Good to have a spare
    Declutter 300 things in December challenge, 9/300. Clear the living room. Re-organize storage
    Cherryprint: "More stuff = more stuff to tidy up!"
    Less things. Less stuff. More life.
    Fab thread: Long daily walks
  • WelshWoofer
    Not a tremendous amount to report - I did stay in this weekend and so saved money on going out.
    I have looked at the direct debits and can't find anything to cut down on - apart from Sky and I don't have movies or sports so there's not much else I can give up apart from the whole thing - not wanting to do that

    4 days to payday - not over drawn and have paid all bills and don't need food shopping or petrol so should make it without going into the red.

    I get extra pay this month - about 200 - for doing some extra work over half term - its going straight into the sofas account and will then pay off the new sofas on Saturday - no interest paid and 6 months free sofas!
    January grocery spending - 82.73/ 120
  • purple.sarah
    Here is my debt free diary:
    A Debt Free Journey From Stress to Success
    Make 15 a day in October: 28/465

    October NSD Challenge: 1/10
  • mineallmine
    1. Close an old savings account and cancel the standing order (yes I know this should be straightforward )
    2. Open a new savings account with best rate etc
    3. Get an ISA for this financial year, again with best rate
    4. Check interest rate on old ISA. Consider transfer.
    5. Do an up to date inventory of all monthly/yearly direct debits. Check through it.
    6. Reconnect the Energy Monitor. See what the thirsty lights/ appliances are. Think how to reduce energy usuage.
    7. Research options for loft insultation top up (DIY, MSE newsletter offers)

    Anyone want to join me? I'm starting tomorrow 6/12/12.
    Originally posted by mineallmine
    No 1 is DONE
    No 4 is partly DONE
    No 7 is DONE. We're going to DIY this.

    Slow progress but progress nonetheless. How's everyone else doing?
    Declutter 300 things in December challenge, 9/300. Clear the living room. Re-organize storage
    Cherryprint: "More stuff = more stuff to tidy up!"
    Less things. Less stuff. More life.
    Fab thread: Long daily walks
  • mineallmine
    Here is my debt free diary:
    A Debt Free Journey From Stress to Success
    Originally posted by purple.sarah
    Great diary
    Declutter 300 things in December challenge, 9/300. Clear the living room. Re-organize storage
    Cherryprint: "More stuff = more stuff to tidy up!"
    Less things. Less stuff. More life.
    Fab thread: Long daily walks
    • rising from the ashes
    • By rising from the ashes 10th Dec 12, 7:27 PM
    • 12,236 Posts
    • 59,061 Thanks
    rising from the ashes
    No 7 is DONE. We're going to DIY this.
    Originally posted by mineallmine
    Ohhhh you've reminded me I got a leaflet offering us insulation (free) on Saturday - must dig it out to ring tomorrow! Ta

    ETA found it! Have put on the table so I can't miss it in the morning! (and will add to my daily to do list)
    Back on the frugal MSE journey
    Debt free & determined to stay that way!
    1,000 Emergency Fund Challenge #76 375 / 1,000
    Vet Fund: 350.28 / 1,000
  • purple.sarah
    2. Join more money saving challenges
    I've joined these challenges:
    Pay off as much as you can in 2013 challenge
    I'm going for 3000. I'm not actually sure how we're going to achieve this but we can look for jobs and opportunities to up our income. The New Year feels full of new possibilities!

    No Buying Unnecessary Toiletries in December
    Previously, I've bought toiletries because they looked nice and never got round to using them, so now I'm going to save money and go through my 'stash'.

    We Are Decking the Halls with NSDs December Challenge
    I'm going to go for 10 NSDs total and 4 in a row.

    Daydream thread continues.....
    For people who dream of owning a smallholding or a house with loads of land.

    Foraging Challenge 2012
    The challenge is to supplement your families food with one foraged item a week. I've always wanted to try foraging for food but not got around to it, so this challenge has inspired me to go for it. I'm not sure my family will so enthusiastic though!
  • mineallmine
    The toiletry thread is a great one to do. It's so easy to get lured into deals, offers etc. But we can only use so much of this stuff.
    My mum used to have one boujois blusher. We don't need loads of stuff
    Declutter 300 things in December challenge, 9/300. Clear the living room. Re-organize storage
    Cherryprint: "More stuff = more stuff to tidy up!"
    Less things. Less stuff. More life.
    Fab thread: Long daily walks
    • rising from the ashes
    • By rising from the ashes 11th Dec 12, 6:59 AM
    • 12,236 Posts
    • 59,061 Thanks
    rising from the ashes
    I started the Toiletries one in November - I inventoried everything and think I had around 180 items (not incl nail varnishes etc!). I did keep track of the use ups etc for a while but then lost track

    I've only bought 2 new things since - both needed - and think some things will last for most of next year!
    Back on the frugal MSE journey
    Debt free & determined to stay that way!
    1,000 Emergency Fund Challenge #76 375 / 1,000
    Vet Fund: 350.28 / 1,000
  • mineallmine
    Progress update! Got quite a bit done now. It still feels hard and like a minefield reading through everything. But it's worth it. To know money will now be working harder for it's keep.This will definitely be a rolling 7 days challenge as I'm thinking of things to do once I've done this list. Things like get an up to date credit report
    1. Close an old savings account and cancel the standing order (yes I know this should be straightforward )
    DONE!

    2. Open a new savings account with best rate etc

    3. Get an ISA for this financial year, again with best rate
    DONE!

    4. Check interest rate on old ISA. Consider transfer.
    PARTLY DONE... AWAITING TRANSFER FORM (WHY IS THIS SO COMPLEX?)

    5. Do an up to date inventory of all monthly/yearly direct debits. Check through it.
    PARTLY DONE, SOME CHANGES STARTED/MADE

    6. Reconnect the Energy Monitor. See what the thirsty lights/ appliances are. Think how to reduce energy usuage.

    7. Research options for loft insultation top up (DIY, MSE newsletter offers)
    DONE!

    Anyone want to join me? I'm starting tomorrow 6/12/12.
    Originally posted by mineallmine
    How's everyone else doing?
    Declutter 300 things in December challenge, 9/300. Clear the living room. Re-organize storage
    Cherryprint: "More stuff = more stuff to tidy up!"
    Less things. Less stuff. More life.
    Fab thread: Long daily walks
  • ChopinonaBudget
    Progress update! Got quite a bit done now. It still feels hard and like a minefield reading through everything. But it's worth it. To know money will now be working harder for it's keep.This will definitely be a rolling 7 days challenge as I'm thinking of things to do once I've done this list. Things like get an up to date credit report

    How's everyone else doing?
    Originally posted by mineallmine
    Sounds like you're making a load of progress there

    I've been waylaid... Accountant has asked for paperwork, I just spent the last few days trying to find it I've found some of it, and was up till late lat night organising 2,700 worth of receipts (oops)

    But, both my savings accounts are now open, I can start looking at a car at the end of this month (well, put money aside anyway) so that's excellent news as I haven't had one for probably 8 years
    Overdraft 150 Smile PAID! Natwest 679 M&S 2,347 Halifax 2,665 Nationwide 5,579 Mum 5,390 Library Fines 21
    Tax Fund 288 House Fund 170 Yearly Spends Fund 65 Emergency Fund ISA 191
    Long Hauler #325 DFW Nerd #1448
    "In our house, when things break, we just pretend they still work"
  • mineallmine
    This is a really good thread about current ISA offers http://forums.moneysavingexpert.com/showthread.php?t=401374
    Declutter 300 things in December challenge, 9/300. Clear the living room. Re-organize storage
    Cherryprint: "More stuff = more stuff to tidy up!"
    Less things. Less stuff. More life.
    Fab thread: Long daily walks
  • mineallmine
    Sounds like you're making a load of progress there

    I've been waylaid... Accountant has asked for paperwork, I just spent the last few days trying to find it I've found some of it, and was up till late lat night organising 2,700 worth of receipts (oops)

    But, both my savings accounts are now open, I can start looking at a car at the end of this month (well, put money aside anyway) so that's excellent news as I haven't had one for probably 8 years
    Originally posted by ChopinonaBudget
    Well done on the savings accounts And the prospect of a car
    I find looking on YouTube for some things help. So could you search for something like... how I organise papers for my accountant? Worth a punt?

    Now crack on and find the rest of the receipts
    Declutter 300 things in December challenge, 9/300. Clear the living room. Re-organize storage
    Cherryprint: "More stuff = more stuff to tidy up!"
    Less things. Less stuff. More life.
    Fab thread: Long daily walks
  • ChopinonaBudget
    Well done on the savings accounts And the prospect of a car
    I find looking on YouTube for some things help. So could you search for something like... how I organise papers for my accountant? Worth a punt?

    Now crack on and find the rest of the receipts
    Originally posted by mineallmine
    Not unless it has a channel with someone telling me to look in the the "wicker basket in the cabinet, no not that one, the other one, well try behind the printer then, or down the back of the piano"

    Ta for the support though I'm really chuffed about the prospect of a car, I don't really know how imminent it actually is, but this is the closest I've got yet, so I'm takin it!
    Overdraft 150 Smile PAID! Natwest 679 M&S 2,347 Halifax 2,665 Nationwide 5,579 Mum 5,390 Library Fines 21
    Tax Fund 288 House Fund 170 Yearly Spends Fund 65 Emergency Fund ISA 191
    Long Hauler #325 DFW Nerd #1448
    "In our house, when things break, we just pretend they still work"
    • rising from the ashes
    • By rising from the ashes 11th Dec 12, 10:10 AM
    • 12,236 Posts
    • 59,061 Thanks
    rising from the ashes
    Making progress ..... slowly

    1. Write to bank to close old savings account & request a cheque for outstanding balance (only around 3 but hey ...)
    2. Write to old employer's pension agency to advise of change of address (moved in 2007 ) and request update pension forecast * have found all pension paperwork ready to write letters - have also discovered a pension I'd forgotten about (tiny one & have tried to close / transfer it in the past which I can't & is a bit of a pain as it's never going to be worth anything!)
    3. Write to CU to increase salary deduction to savings account to 20 / month (have been meaning to do this all year)
    4. Financial filing - sorting through bags of old stuff from the "forgotten years" # 1 big bag left shredder overheated earlier so hoping it'll work again once it's cooled down!
    5. Start new DFW Diary DONE
    6. Sort out new ISA for 2012 monthly saver money (boiler fund) Form to sign arrived yesterday BUT it says to enclose a cheque for payment - when it said I could do the transfer online..... no idea where my cheque book is (it will be somewhere safe .... just where is the problem) DONE! Found cheque book (last cheque written in 2009 ), completed, in envelope & sitting to take to post the next time I go out! ETA have just remembered to move the funds to the account that the cheque will be coming out of!
    7. Sort mobile cashback claim - recorded delivery returned by RM .... DONE! Turns out they'd moved all sorted now! (hopefully - will see if the cheque arrives!)
    Originally posted by rising from the ashes
    Have added my No 7!

    Not going to make 7 in 7 days tho!

    I do think it needs to be some sort of rolling list ..... I've ended up doing lots of little extra things that've cropped up as working my way through!
    Last edited by rising from the ashes; 11-12-2012 at 10:19 AM.
    Back on the frugal MSE journey
    Debt free & determined to stay that way!
    1,000 Emergency Fund Challenge #76 375 / 1,000
    Vet Fund: 350.28 / 1,000
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