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  • FIRST POST
    • Tahlullah
    • By Tahlullah 19th Aug 13, 10:39 PM
    • 672Posts
    • 4,213Thanks
    Tahlullah
    The impossible dream
    • #1
    • 19th Aug 13, 10:39 PM
    The impossible dream 19th Aug 13 at 10:39 PM
    Hello everyone. I am new to the forum, but have been reading for several years. It has been a help and inspiration, but I have never felt the need to get involved until today.


    I have been financially aware for many years and now have set a goal which I know I cannot achieve. My aim is to be mortgage free within 2 years. It is impossible to do, I have read everything, looked at spread sheets, calculated within an inch of my sanity, but I cannot do this without becoming a hermit and stopping ‘living’. The one thing the diaries have taught me is that people have great intentions, but after a while, the frugality can become grating and somewhat depressing and so the aim becomes a chore.


    As I still want to live my life to the full, I am not prepared to give up all luxuries; I do not have any debt and I do not overspend. I regularly have no spend days, sometimes going a whole week without letting the moths out of my purse for air! I don’t smoke, drink in excess, have a gym membership, shop frivolously for food; I’m not into handbags, makeup, shoes or clothes. In fact, I am the most boring person I know. But I do like holidays!


    I bank with F.Direct, in my opinion a great bank. The mortgage is an offset. I already overpay, but I cannot seem to find any other substantial spare cash to over overpay with.


    I already save bits of change, xbay, Tilly Tidy, use the sweep function to put extra bits into the mortgage, whilst maintaining a small amount of savings. I decided I preferred to pay off the mortgage than save as I feel better about watching the capital reduce.


    I made my decision to do the impossible and this weekend, conjured £200 out of nowhere to overpay on top of what I normally pay - cashed in my £2 coins. Now, I have come to a dead stop and hit a brick wall. No more conjuring until payday!
    So, I am going to keep this diary to help me to focus, and see what progress I can make out of nothing at all. I am going to aim at reducing my capital by £500 by the end of the financial year, in addition to my normal mortgage payments, without having a substantial negative effect on my way of life.


    I am going to take small steps. I shall begin by trying to xbay or Gumtree anything that is not tied down, including the cat if anyone will pay me for him. I will continue with my sweep every month. I will continue with my no spend days. I will continue to collect change in the hope of knocking small amounts of the amount owed, so I can see a difference being made.


    The spread sheets say I could be mortgage free in 4.5 years. I would like to be free in 2, by my 50th birthday. I could stretch it to 3 years as I am still technically 50 until I am 51! I am committing to posting once a week, even if to say, I have made no progress. Hopefully, someone will be able to inspire me to great heights.


    Thank you for your help so far. Let the games begin.
Page 11
    • Welshlassie
    • By Welshlassie 13th Jun 17, 10:33 AM
    • 1,702 Posts
    • 2,953 Thanks
    Welshlassie
    Well done on your holiday spending Tahullah, YNAB really opens your eyes doesn't it. I think you hit the nail on the head "it's blissful ignorance" cause you still end up paying for all the things you need as you need them but sometimes have to borrow from Peter to pay Paul to do it. At least with YNAB you have thought it through in advance.

    Those filters are worth including in a home maintenance category for next time you need them, it's not classed as an unexpected expense next time cause you've had one in YNAb, plan for it next time
    • Tahlullah
    • By Tahlullah 13th Jun 17, 6:20 PM
    • 672 Posts
    • 4,213 Thanks
    Tahlullah
    Good idea Welshlassie. Will do.

    Tx
    Striving to be mortgage free.
    • armchairexpert
    • By armchairexpert 14th Jun 17, 2:57 AM
    • 426 Posts
    • 2,880 Thanks
    armchairexpert
    I have a few sub categories for this stuff - home maintenance/repairs, homewares and home renovations. The middle one is where we spend a lot of money; it's plants, paint, fencing, the things that add to the aesthetics of the place and keep it looking loved, but aren't strictly necessary. Home repairs is the have-to-do-it stuff, like the fact that my hot water system has needed a plumber three times in the past six months, and home renovations is the pie-in-the-sky stuff. It gives me a good sense of the true cost of owning a home.
    MFW diary here. 1 Feb 2017 $229,371 - MFD Feb 2043 aiming for May 2028
    1 June 2017 $221,986.42
    • gallygirl
    • By gallygirl 14th Jun 17, 8:31 AM
    • 16,374 Posts
    • 107,198 Thanks
    gallygirl
    Had 3 NSD's and then had to buy a twin pack of Bionaire Air Filters for the filter in the bedroom. Not budgeted for. Another expense you just don't think about that you have to buy every so often.
    Originally posted by Tahlullah
    Slightly different, but we have air conditioning (well, used to when lived in apartment, now only one unit - and 36 degrees forecast this week ). Two years ago in the apartment it was really not working well - noisy and not going cold enough - so we called out someone, thinking it needed regassed.
    'When did you last clean the filters?'
    'What filters?'

    They were filthy. A quick wash of them and all was well. We were mortified - but when mentioned to neighbours and friends no-one else had cleaned theirs so didn't feel quite so embarrassed .
    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"
    • Tahlullah
    • By Tahlullah 14th Jun 17, 8:43 AM
    • 672 Posts
    • 4,213 Thanks
    Tahlullah
    Hello Gallygirl, thanks for popping by. I was surprised at how dirty the filters were. Somehow, people seem to think the air is clean, because they can't see the particles suspended in it. More people should filter the air in their homes, its frightening to imagine what they are subjecting their lungs to otherwise.

    To be fair, I wouldn't have known to clean the filters in an air conditioning unit, unless I had fitted it! You know then because you would have read the user manual.

    Enjoy the weather where you are. Extremely jealous. We are hoping get a bit of sun this weekend in the UK, but as usual, the press only report the South East. The rest of the country doesn't count, so not sure on the weather forecast in Wales.
    Last edited by Tahlullah; 19-06-2017 at 11:14 AM.
    Striving to be mortgage free.
    • Pyxis
    • By Pyxis 14th Jun 17, 8:48 AM
    • 26,468 Posts
    • 95,713 Thanks
    Pyxis
    Hello Gallygirl, thanks for popping by. I was surprised at how dirty the filters were. Somehow, people seem to think the air is clean, because they can't see the particles suspended in it. More people should filter the air in their homes, its frightening to imagine what they are subjecting their lings to otherwise.

    To be fair, I wouldn't have known to clean the filters in an air conditioning unit, unless I had fitted it! You know then because you would have read the user manual.

    Enjoy the weather where you are. Extremely jealous. We are hoping get a bit of sun this weekend in the UK, but as usual, the press only report the South East. The rest of the country doesn't count, so not sure on the weather forecast in Wales.
    Originally posted by Tahlullah
    I use this Metoffice site..... ( not for Cardiff, for my own town).

    http://www.metoffice.gov.uk/public/weather/forecast/gcjszmp44

    I find it good.

    Just type your town into the search bar and it will give you very localised, hourly information re. the weather.
    (I just lurve spiders! )
    INFJ(Turbulent).

    Her Greenliness Baroness Pyxis of the Alphabetty, P.P..
    ¥ ¥ ¥
    X ~O
    • gallygirl
    • By gallygirl 14th Jun 17, 1:17 PM
    • 16,374 Posts
    • 107,198 Thanks
    gallygirl
    You know then because you would have read the user manual.
    Originally posted by Tahlullah
    em...... Basically you use the remote control and it's self explanatory so no reading of manual

    Enjoy the weather where you are. Extremely jealous. We are hoping get a bit of sun this weekend in the UK, but as usual, the press only report the South East. The rest of the country doesn't count, so not sure on the weather forecast in Wales.
    Originally posted by Tahlullah
    36 is a bit extreme - funny that here the Spanish talk of having a 'bad summer' if it's excessively hot (as it was two years ago - over 35 for more than two months ), as opposed to the 'bad summers' in the UK. Hope the weather is kind to you wherever you are.
    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"
    • armchairexpert
    • By armchairexpert 15th Jun 17, 6:11 AM
    • 426 Posts
    • 2,880 Thanks
    armchairexpert
    A bad summer here is when it's 38 and above for at least two weeks, or it gets over 40 for three or more days in a row. To be fair, over 35 for two months sounds awful as well.
    MFW diary here. 1 Feb 2017 $229,371 - MFD Feb 2043 aiming for May 2028
    1 June 2017 $221,986.42
    • Tahlullah
    • By Tahlullah 15th Jun 17, 9:30 AM
    • 672 Posts
    • 4,213 Thanks
    Tahlullah
    GG and ACE, you talk of nightmares I can only ever dream about!

    Can't imagine those temperatures in the UK. I would hazard a guess that the whole infrastructure of the country would stop as a result due to it being the wrong kind of sun, the wrong kind of heat, the wrong kind of warmth.

    But we are tolerant. Look how well we cope with the wrong type of rain, snow, leaves etc.
    Striving to be mortgage free.
    • Tahlullah
    • By Tahlullah 15th Jun 17, 7:13 PM
    • 672 Posts
    • 4,213 Thanks
    Tahlullah
    So depressed I bought chocolate. Blew my NSD.
    Striving to be mortgage free.
    • Tahlullah
    • By Tahlullah 16th Jun 17, 8:11 AM
    • 672 Posts
    • 4,213 Thanks
    Tahlullah
    And today, I remembered that I hadn't budgeted for the F1 next month. So, next months pots are being shifted around to allow me some spending money. i think I can live without budgeting for Christmas and Rufus's teeth etc for one month. It's not affected my mortgage over payment so all is good.

    I must make sure I don't make this a regular occurrence and try to remember what events I have coming up so I can put money aside.

    Again, another win as I am not having to push myself into debt to accommodate the upcoming spend.

    I will make today a NSD to celebrate this great but small win.
    Striving to be mortgage free.
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