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  • FIRST POST
    • mfmaybe
    • By mfmaybe 22nd Jan 14, 8:38 PM
    • 950Posts
    • 2,976Thanks
    mfmaybe
    Paying the car tax via EBay, and other shenanigans.
    • #1
    • 22nd Jan 14, 8:38 PM
    Paying the car tax via EBay, and other shenanigans. 22nd Jan 14 at 8:38 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
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
Page 32
    • mfmaybe
    • By mfmaybe 2nd Jul 17, 10:02 PM
    • 950 Posts
    • 2,976 Thanks
    mfmaybe
    So although not a MF diary (yet?!), I had cause to check our balance today. We are now under the £200k mark. Obviously still a huge number, but it's all relative I guess.

    Finally did the paperwork I was meant to do the other day - that will go in the post tomorrow and hopefully result in a small cash influx.

    Also remembered I must get my tax return submitted as small rebate due from that too.

    Bank looks ok in as much as I'm not overspending, but a long way off sorting my shortfall. Ugh.
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
    • brizzledfw
    • By brizzledfw 6th Jul 17, 10:07 PM
    • 6,933 Posts
    • 33,291 Thanks
    brizzledfw
    Congratulations - Thats a huge milestone conquered. Well done

    Hope alls OK and getting some house interest?
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    July '17 Savings Rate Goal: 33% [June 30%]
    Declutter 100 items before 31.07.17 02/100 ** LSDs Target 10 for July 02/10 **AFDs 19/25 ** Sales Target '17 £750 £140 so far
    **NSDs Target 5 for July 03/05 Trying to be a Frugalista
    • mfmaybe
    • By mfmaybe 7th Jul 17, 2:39 PM
    • 950 Posts
    • 2,976 Thanks
    mfmaybe
    Congratulations - Thats a huge milestone conquered. Well done

    Hope alls OK and getting some house interest?
    Originally posted by brizzledfw
    Well, there is a <whispers> very slight possibility that the mortgage number will be much lower soon
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
    • mfmaybe
    • By mfmaybe 8th Jul 17, 2:22 PM
    • 950 Posts
    • 2,976 Thanks
    mfmaybe
    Having a very much needed recharging of batteries day. DS treated us to an amazing lie in (8am ). Then after a bit of breakfast fun, which included having no power in the kitchen (we eventually traced it to a plug socket that the cursed cat had pee'd on and it was shorting - very alarming, now replaced!); I headed off to ride my horse and DH took DS out to the shops. DS now having a nap, DH just back from a cycle, and I'm achieving very little at this precise moment. It's pleasantly warm, and I don't care
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
    • lucielle
    • By lucielle 8th Jul 17, 4:28 PM
    • 7,915 Posts
    • 33,858 Thanks
    lucielle
    Sounds fab!
    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900, Dec 08 £39782.36 Overdrafts £3100, Dec 09 £29304.84 Overdrafts £2820, Dec 10 £16449 Overdrafts £2490
    Dec 11 £12673.80 Overdrafts £1250, Dec 12 £4591 Overdrafts £400 02/02/13 new debt figure £5831.00 New Debt Figure ZERO !!!!!! 08/06/2013

    DFD Before we Die!!!! Long Haul Supporter #124
    • mfmaybe
    • By mfmaybe 9th Jul 17, 1:57 PM
    • 950 Posts
    • 2,976 Thanks
    mfmaybe
    Sounds fab!
    L
    Originally posted by lucielle
    It was indeed! I did get on with some pressure washing later on in the evening (lots more to do) but it was all very light on effort. Today, have managed a ride and a cycle between us - possibly first weekend in post baby years we've both managed to do our hobbies both days of the weekend. Yippee! Downside is it's currently raining and the fire is on (ok so that's not all bad); so I'm probably going to go out and do some more pressure washing and DH will take DS swimming.

    L - just noticed your sig, that is such an amazing story
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
    • lucielle
    • By lucielle 9th Jul 17, 3:24 PM
    • 7,915 Posts
    • 33,858 Thanks
    lucielle
    Thanks, it has crept back up but its all in hand and should be cleared next year. I keep a track on my diary to keep me on the straight and narrow.
    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900, Dec 08 £39782.36 Overdrafts £3100, Dec 09 £29304.84 Overdrafts £2820, Dec 10 £16449 Overdrafts £2490
    Dec 11 £12673.80 Overdrafts £1250, Dec 12 £4591 Overdrafts £400 02/02/13 new debt figure £5831.00 New Debt Figure ZERO !!!!!! 08/06/2013

    DFD Before we Die!!!! Long Haul Supporter #124
    • brizzledfw
    • By brizzledfw 15th Jul 17, 11:29 PM
    • 6,933 Posts
    • 33,291 Thanks
    brizzledfw
    Nice to see you Lucielle

    MFM..my fingers and toes are crossed for you and so pleased re getting cycle rides and horse rides in over the weekend
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    July '17 Savings Rate Goal: 33% [June 30%]
    Declutter 100 items before 31.07.17 02/100 ** LSDs Target 10 for July 02/10 **AFDs 19/25 ** Sales Target '17 £750 £140 so far
    **NSDs Target 5 for July 03/05 Trying to be a Frugalista
    • brizzledfw
    • By brizzledfw 20th Jul 17, 10:48 PM
    • 6,933 Posts
    • 33,291 Thanks
    brizzledfw
    How's it going?

    All good I hope

    Xx
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    July '17 Savings Rate Goal: 33% [June 30%]
    Declutter 100 items before 31.07.17 02/100 ** LSDs Target 10 for July 02/10 **AFDs 19/25 ** Sales Target '17 £750 £140 so far
    **NSDs Target 5 for July 03/05 Trying to be a Frugalista
    • mfmaybe
    • By mfmaybe 20th Jul 17, 11:07 PM
    • 950 Posts
    • 2,976 Thanks
    mfmaybe
    Hi Brizzle.

    Mostly good. House sale all looks like it's moving forward *touches wood frantically* but just waiting on their mortgage to be finalised. Our solicitor says this isn't unusually slow. He's now off on holiday for nearly a week so we won't conclude missives till then at least. And Operation 5 year plan is close to being a reality, I hope. And everyone is well and DS is gorgeous and cute and now has the word "cuddle" in his repertoire so I've lost all ability to be strict

    Less good is that work is manically busy. Work life balance feels off. And, err, we haven't found somewhere to live. We are going to rent for an intervening period but very little is coming up, with 5 weeks to go . And money is squeaky as ever but haven't had time to do any sums .

    (Note. I did find time to read ALL of L's diary this week which explains the bags under my eyes. I feel like a stalker now though )
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
    • brizzledfw
    • By brizzledfw 21st Jul 17, 3:00 AM
    • 6,933 Posts
    • 33,291 Thanks
    brizzledfw
    to it all (except the lack of sleep and WLB )
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    July '17 Savings Rate Goal: 33% [June 30%]
    Declutter 100 items before 31.07.17 02/100 ** LSDs Target 10 for July 02/10 **AFDs 19/25 ** Sales Target '17 £750 £140 so far
    **NSDs Target 5 for July 03/05 Trying to be a Frugalista
    • mfmaybe
    • By mfmaybe 21st Jul 17, 9:16 AM
    • 950 Posts
    • 2,976 Thanks
    mfmaybe
    Why you posting at 3am Brizzle?
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
    • brizzledfw
    • By brizzledfw 21st Jul 17, 9:52 PM
    • 6,933 Posts
    • 33,291 Thanks
    brizzledfw
    I must have been with you in spirit

    OH came home very late and woke me up..so I read the news online and some diaries
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    July '17 Savings Rate Goal: 33% [June 30%]
    Declutter 100 items before 31.07.17 02/100 ** LSDs Target 10 for July 02/10 **AFDs 19/25 ** Sales Target '17 £750 £140 so far
    **NSDs Target 5 for July 03/05 Trying to be a Frugalista
    • lucielle
    • By lucielle 22nd Jul 17, 8:46 AM
    • 7,915 Posts
    • 33,858 Thanks
    lucielle
    Hope you find a house very soon
    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900, Dec 08 £39782.36 Overdrafts £3100, Dec 09 £29304.84 Overdrafts £2820, Dec 10 £16449 Overdrafts £2490
    Dec 11 £12673.80 Overdrafts £1250, Dec 12 £4591 Overdrafts £400 02/02/13 new debt figure £5831.00 New Debt Figure ZERO !!!!!! 08/06/2013

    DFD Before we Die!!!! Long Haul Supporter #124
    • mfmaybe
    • By mfmaybe 22nd Jul 17, 12:30 PM
    • 950 Posts
    • 2,976 Thanks
    mfmaybe
    Thanks L. There's one on the maybe list but it's tiny, expensive for what it is, and the "garden" is nothing but slabs. Location works and it's available though, which is about all that can be said about it.

    Plan for today, as weather is rubbish, is clearing out tack room and bike shed. DH and I taking it in turns. DS just settling for a nap so better crack on.
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
    • mfmaybe
    • By mfmaybe 22nd Jul 17, 10:21 PM
    • 950 Posts
    • 2,976 Thanks
    mfmaybe
    OK so did some sums.

    This month was predicted to be £576 short. This is because I basically let the Monthly Amex run away with me and took my eye off the ball. Well, more fundamentally it is because I am letting a family member stay in my flat (which I normally rent out) and that's been going on for 9 months now. Best part of £5k in income I haven't received whilst I still have to carry the cost. I'm trying to be feel altruistic, but when said tenant seems to have regular shopping trips and beauty treatments and what not, it's a bit inflammatory. Grr. OK, moving on...

    So predicted to be £576 short. Overspent £105 as a legal bill came in (for the flipping flat, oh the irony), the £70 less that DH ended up owing me, £67 overspend on my half of the food shopping (this is horrific, we must address it), £87 went on the DD for next month's Amex (huge holiday payment on it hence minimum payment DD is high) and a host of other little bits and bobs. I did manage to offset with £130 of savings from other categories but... Long story short, I transferred £560 out of my savings account to cover the original predicted shortfall but should have transferred £350 to the credit card account which I haven't done. Sigh.
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
    • in need of direction
    • By in need of direction 22nd Jul 17, 11:19 PM
    • 4,426 Posts
    • 24,751 Thanks
    in need of direction
    Can't you charge the relative even a token rent?
    Mortgage at 01.01.14 £119,481.83 today £81,750.18, target £75,000 by 31/12/17 Offset fund today £3,975.43 target £5,500 by 31/12/17
    Emergency fund £5.5k & £200 cash.
    Current weight loss 1/34 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • mfmaybe
    • By mfmaybe 23rd Jul 17, 1:03 PM
    • 950 Posts
    • 2,976 Thanks
    mfmaybe
    Maybe INOD. It needs very sensitive negotiations. Families, huh. Anyway we are waiting on the outcome of a Housing Benefit claim. Let's see. That's been over 2 weeks since I sent in my part of it, but not heard a peep yet.

    Today's plan is more packing up of stuff outside.It's in pretty good shape now, just need to find somewhere to store it all! It can stay where it is for another few weeks, it's just good to know it's nearly all packed.

    DS is sleeping so I better crack on. Again.
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
    • brizzledfw
    • By brizzledfw 23rd Jul 17, 6:20 PM
    • 6,933 Posts
    • 33,291 Thanks
    brizzledfw
    Best of luck with the HB claim and a token rent xxx
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    July '17 Savings Rate Goal: 33% [June 30%]
    Declutter 100 items before 31.07.17 02/100 ** LSDs Target 10 for July 02/10 **AFDs 19/25 ** Sales Target '17 £750 £140 so far
    **NSDs Target 5 for July 03/05 Trying to be a Frugalista
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