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  • FIRST POST
    • mfmaybe
    • By mfmaybe 22nd Jan 14, 7:38 PM
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    mfmaybe
    Paying the car tax via EBay, and other shenanigans.
    • #1
    • 22nd Jan 14, 7:38 PM
    Paying the car tax via EBay, and other shenanigans. 22nd Jan 14 at 7:38 PM
    So the title will become obvious later, but I figured I need a diary. It's my first. It is mainly to keep me focused but maybe someone will read it too. Here's hoping!

    Stealing from another diary, I have decided my debts need paid off by my 40th, which is in 7ish months! It might not be completely achievable but I'm certainly going to try.

    First about me. I have a lovely husband, we live in the country with a few cats and a couple of horses. These latter fluffy things are of course the reason for permanent poverty. We certainly don't have a cheap lifestyle, the mortgage is big, we take nice holidays and have nice cars. We can manage it all quite comfortably (both of us have well paid jobs) but I'm not very disciplined about money and have let it get a bit of a bother. That said I'm not a compulsive shopper either, don't buy loads of clothes, don't smoke, Don't go out much etc. My husband isn't in debt and has some savings but neither of us are as comfortable as we should be. On the down side, we've spent a lot of money on IVF in the last year, will be doing so again this year, and our house (old and cold) really needs a few things done. We also got married just over a year ago which cleared out all my savings and that plus the IVF tipped me over the edge. So financial discipline is certainly needed.

    The debts:
    OD £4100
    Family member £5k
    Credit card £1600 on 0%

    All of the above are my debts, so not my husbands responsibility.

    We have assets. My car would cover most of my unsecured debt. I have £3k in an ISA. We have some joint savings. I own a rental flat with a very good LTV. My sister is in no rush for her repayment. So there is no panic stations. But no excuses either. So 7 months it is....

    Wish me luck
    Owe to savings £2674/£1171.08 43.8% paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £14,331
Page 29
    • mfmaybe
    • By mfmaybe 7th Mar 17, 11:38 AM
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    mfmaybe
    Quick note to self. £28 of Pay rise (all of it, probably) must go to CCRF and not into my budget. From June pay £14 will be swallowed by pension increases. The rest from December.
    Owe to savings £2674/£1171.08 43.8% paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £14,331
    • brizzledfw
    • By brizzledfw 9th Mar 17, 10:24 PM
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    brizzledfw
    Best of luck for the interview..fingers crossed
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    March '17 Savings Rate Goal: 30% [Feb 25%]
    Declutter 50 items before 31.03.17 08/50 ** LSDs Target 10 for March 04/10 **AFDs 11/20 ** Sales Target '17 £750 £70 so far
    **NSDs Target 10 for March 01/10
    • mfmaybe
    • By mfmaybe 13th Mar 17, 8:32 AM
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    • 2,712 Thanks
    mfmaybe
    Best of luck for the interview..fingers crossed
    Originally posted by brizzledfw
    Thanks, we've not heard yet but he isn't feeling confident. He's applied for a few more though so fingers crossed. It's starting to get a bit scary.

    So annoying things: HelloFresh triggered this week; which is annoying as I could have sworn I skipped week on the app. Will have to make sure all the stuff we bought for this week is in the freezer. Our actually Sainsbugs shop was ok, under £60. And at least the meals look decent even though I didn't choose them.

    Also had forgotten to factor in a leaving lunch for a member of my team. However I'm very glad we did it, she was going off on Mat Leave and we went to one of my favourite places.

    In more positive news, one of my vehicles has got through its MOT with very little hassle or cost, so there is the possibility I could transfer some of the annual savings amount into my CCRF. Will wait and see how much the others need first though. Alarmingly, all of them need done within a month.

    In other news the bank account should survive until payday by the skin of its teeth. Friday is payday, and it's also bonus day. All of which will be going to the CCRF
    Owe to savings £2674/£1171.08 43.8% paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £14,331
    • brizzledfw
    • By brizzledfw 14th Mar 17, 11:10 PM
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    brizzledfw
    Best of luck with it all

    Xx
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    March '17 Savings Rate Goal: 30% [Feb 25%]
    Declutter 50 items before 31.03.17 08/50 ** LSDs Target 10 for March 04/10 **AFDs 11/20 ** Sales Target '17 £750 £70 so far
    **NSDs Target 10 for March 01/10
    • mfmaybe
    • By mfmaybe 16th Mar 17, 8:42 PM
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    mfmaybe
    So CCRF has taken a boost . OK so I cheated by just putting my bonus into it, but at least I haven't spent it.

    I also ended up with about £15 in my wallet at the end of the month so that is forming a chunk of my lunch budget for next month. So that will be a £15 reduction to my potential overspend so far.

    Budget gap for this pay month now at £133. Going in the right direction at least.
    Owe to savings £2674/£1171.08 43.8% paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £14,331
    • FacelessNumber
    • By FacelessNumber 17th Mar 17, 9:23 AM
    • 348 Posts
    • 1,917 Thanks
    FacelessNumber
    Just wanted to post to say hi, I read your diary over the last few days. You're doing an amazing job, keep it up!

    • mfmaybe
    • By mfmaybe 17th Mar 17, 6:32 PM
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    • 2,712 Thanks
    mfmaybe
    Just wanted to post to say hi, I read your diary over the last few days. You're doing an amazing job, keep it up!
    Originally posted by FacelessNumber
    Gosh thanks, and well done if you've read 3 years worth of my dribbling! I never feel like I do that well though; I earn a pretty decent salary but debt repayment/savings never seems to happen that fast! However, I can categorically say that using this diary has changed the way I deal with my own finances unrecognisably. Where previously I was maxed out on overdraft, living hand to mouth, no idea of where it all went etc, now I account for every penny, have no debt other than mortgage and even some savings. Still - could do better always feels like my tag line.

    Managed 3 no spend days this week. 2 were WFH days which is kind of cheating, but one was in the office where I had my free coffee via the loyalty scheme and took lunch with me. Today was a LSD too. So far so good, one day into the pay month

    Oh and vehicle number 2 through it's MOT without too much issue. I say that, but shout out to my mechanic Dad who has done all the work on both of them. He only charges me cost for parts and no labour, despite endless attempts on my behalf to give him more money. The least I can do, therefore, is ensure that the extra I had set aside gets diverted to something useful. Vehicle number 3 definitely needs a new windscreen (will do through insurance) but am hoping it doesn't need brakes quite yet. Otherwise that surplus will rapidly get used up.
    Owe to savings £2674/£1171.08 43.8% paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £14,331
    • mfmaybe
    • By mfmaybe 18th Mar 17, 10:14 PM
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    mfmaybe
    Ugh one of those days. DH was sick first thing, I managed to hurt my back, DS dropped the iPad and broke the case; and then DH scraped my car putting it in the garage. Sigh.

    Never mind, tomorrow is another day huh?
    Owe to savings £2674/£1171.08 43.8% paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £14,331
    • mfmaybe
    • By mfmaybe 19th Mar 17, 8:51 PM
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    mfmaybe
    So other than me bashing my knee stupidly on a gate, today was a little better. Sun even came out for a bit. But back still pretty sore, need to take more ibuprofen before bed.

    Done some money shuffling, savings account a wee bit healthier after the CCRF boost. Had a pretty low spend weekend, just planned horse spends and the food shop.

    Note to self - which, errr, now I've forgotten what it was .... Oh no wait, it was to remind myself to get my own tax return drafted asap. We've been paid for the last time this tax year so could get it drafted and check if I'm going to need to save up for any tax. I don't think I will (or at least not much) due to the fact I've not earned any income on it for at least half the year.

    Also need to remember to pay for some firewood we had delivered.
    Owe to savings £2674/£1171.08 43.8% paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £14,331
    • brizzledfw
    • By brizzledfw 20th Mar 17, 7:04 PM
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    brizzledfw
    Good idea to get tax return drafted..I have diarised the same, but for July...feel I need a break before I get back into it again but I told myself no rushing around in the late Autumn wondering what the scores on the doors might say..far too stressful for words for me to do that again.

    Hope you feel better soon - sending hugs
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    March '17 Savings Rate Goal: 30% [Feb 25%]
    Declutter 50 items before 31.03.17 08/50 ** LSDs Target 10 for March 04/10 **AFDs 11/20 ** Sales Target '17 £750 £70 so far
    **NSDs Target 10 for March 01/10
    • mfmaybe
    • By mfmaybe 21st Mar 17, 8:22 PM
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    mfmaybe
    I've just got to actually do it though

    Thanks for the well wishes. Back is bearable but still stiffens up if I move either too little or too much. Luckily I can sleep ok, subject to annoying cats, snoring husbands or teething toddlers.

    Sort of a NSD for me today; though DH took cash out of the joint account to pay for firewood. He had another interview today; we are hoping to hear by the end of the week.

    On that note, battery about to die so it's bedtime cuddles for the horses, then off to bed.
    Owe to savings £2674/£1171.08 43.8% paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £14,331
    • mfmaybe
    • By mfmaybe 21st Mar 17, 9:16 PM
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    mfmaybe
    I know I said I was going to bed, but....

    Did some more spreadsheet-y stuff. Predicted overspend now down at £127. Going in the right direction.

    Also now have my difference on my monthly credit card bill down to £60. That's the card I put all the monthly living expenses on. Always pay it off in full but it's always been "in arrears". Trying to set aside the money every time I spend on it.
    Owe to savings £2674/£1171.08 43.8% paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £14,331
    • mfmaybe
    • By mfmaybe 23rd Mar 17, 10:41 AM
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    mfmaybe
    So I can't do the tax return as it's too soon, but have tried to draft a calculation. It's hard as the rules are changing regarding mortgage interest and not sure exactly how it will all work out. On the face of it, looks like I might be due a small repayment; but actually more realistically it will be roughly net neutral. That's ok though as it technically gives me £50 free out of my budget for the next 9 months or so. Realistically though I am going to have to find ways to overpay this mortgage now, which will be hard considering its earning me no rent.

    Yesterday wasn't a bad spend day, the usual coffee and although I didn't have lunch with me I kept it very frugal - bought a YS sandwich and a bag of popcorn for £2. Unfortunately spent another £1.50 on cakes for RND. WFH today though which should be a NSD, albeit DS went to the shops. Our grocery budget just is not under control. It's not horrific; but we are doing top up shops all the time.
    Owe to savings £2674/£1171.08 43.8% paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £14,331
    • mfmaybe
    • By mfmaybe 25th Mar 17, 11:06 AM
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    mfmaybe
    DS about to go down for a nap so I need a plan. We are changing agents and they will take some new photos including a high mast outdoor one. So I need to prioritise outside I think. Clear up any obvious rubbish or very weedy bits. Tidy up gardening things. Hang washing on line. (It's sunny, yay!). And I would really like to clean out my car.

    Better crack on!
    Owe to savings £2674/£1171.08 43.8% paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £14,331
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