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    • mfmaybe
    • By mfmaybe 22nd Jan 14, 8:38 PM
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    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 34
    • lucielle
    • By lucielle 23rd Aug 17, 8:38 PM
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    lucielle
    A couple of months and this will have passed. Not sure about Ds' sleeping he might be having a growth spurt. Keep your pecker up
    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 25th Aug 17, 6:52 AM
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    mfmaybe
    Thanks L - he is still ravenous at breakfast time so growth spurt could be it.

    INOD - no we haven't, will consider after we have moved.

    Talking of which, that's today. Wish us luck! Won't be on here so much until we get our internet sorted. Will try to check in via my phone but I'm not very good at typing on it.
    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 31st Aug 17, 11:25 PM
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    mfmaybe
    We are moved. Mixed feelings. Mainly tired - just logged off work 5 minutes ago. Started at 7.30am, with a short childcare interlude of a couple of hours. Meh.

    Anyway the good news is money seems ok. (Well more than ok as we've got the house funds burning a hole in our savings account )
    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 8th Sep 17, 3:47 PM
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    brizzledfw
    How's it going MFM? Settled in yet?

    Hope work has eased off

    x
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 200 items before 31.01.18 xx/200 ** LSDs Target 10 for Winter 0x/10 **AFDs xx/15 ** Sales Target '17 £750 £225 so far
    **NSDs Target 10 for Winter xx/10 Trying to be a Frugalista
    • mfmaybe
    • By mfmaybe 12th Sep 17, 10:42 AM
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    mfmaybe
    Thanks Brizzle for checking in. Just got our internet last night so will get a chance to catch up! Feeling a bit more settled, but also weirdly homesick. We'd been in that house a long time and whilst this is better in some ways, it's not home and we know that. Also it's a long way from nursery so doing lots of driving about the place. Sigh.

    Anyway things are fine really, work has calmed down a little. Will try to do a proper catch up 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 12th Sep 17, 3:54 PM
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    mfmaybe
    OK so will try a bit of a catch up.

    So house is sold. All fees paid, mortgage paid off and a decent lump sum in our joint savings. That said, we've spent a good bit of it (in a 5 year goal kind of way). Moving costs weren't too bad as we did it ourselves so a month or so's storage costs, a couple or rolls of parcel tape, and some extra fuel. Everything had been so busy beforehand with work that wasn't as prepared as I'd hoped so the last day was manic. The in laws came to help and were shattered (as were we but it was our house and responsibility!). Very sad to leave the old place, but plans are afoot.

    So onto the rental - it's fine, more modern and therefore warmer. Working our way through the change of address requirements. Internet now set up, utilities changing in a couple of weeks and importantly Ama-z1n know where we now live. This is useful for online purchases of gin . There is an Aldeee and Leedl both very near. Sainsbobs is further away but better than the Tesc0 that we'd have to use otherwise. The dishwasher hasn't been working but that has been fixed today finally. Yippeeeee. But as well as not working, it had been leaking (before we moved in) and therefore there is a definite damp smell in the house. Leak now repaired (mouse damage - cats better get busy) so fingers crossed that makes the place smell fresher!

    I haven't been paying micro-attention to finances but I knew I hadn't been particularly overspending anywhere. That said, I have once again lost control of the monthly CC, in as much as money not set aside for it. So starting afresh on that. AGAIN .

    Payday next week - card payment due. £271 shortfall.
    Payday the month after - as it stands, shortfall is £470. Plus anything else we spend in the next week that I don't transfer cash for. Mitigants:

    There is the huge annual road tax on it. Another 2 pay months will allow me to set aside another £120.
    If all goes well this month I could put another £100 into the card account.
    The monthly income (now reinstated) for my flat is seemingly been paid on a 4 weekly basis. At some point this might catch up but not sure when.

    Budget is a bit less tight so perhaps more room for flex.

    OK so enough for a catch up. Will come back if I think of anything else!
    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 14th Sep 17, 4:00 PM
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    mfmaybe
    On 29 Jan 2016 I posted this:


    In other news, which is a bit mean as I'm not actually nearly ready to give details....I wrote a while ago about making a 5 year plan of achieving something I've always wanted. I think we are making decisions that will move us towards this goal, hopefully a good bit before the 5 year aim. It will have financial implications but all I can do in the meantime is continue to pay off debt, and ensure I grow the good habits I've been learning.
    Originally posted by mfmaybe
    I think I did fess up what the plan was. But here it is again. I wanted to live in a house with my own land. As you know I have horses and we had been renting land for many years. This worked-ish, but wasn't ideal, and I decided we needed to make it work somehow. So just after that post we started getting our house ready to sell. A month later I found out I'd be losing my rented land anyway, so just as well.

    Fast forward 18 months and we have now sold the house and <drumroll> bought the land. We have bought a large site and field with planning permission to build our own house . It involves relocating, but that is "back home" and makes sense from a family perspective.

    So at time of selling, our mortgage on the existing house was £194k and a few pounds. We've managed to buy the land for cash out of proceeds, and now have the remaining cash to start building. Obviously we will need a mortgage too, but my minimum plan is to put another £750/month against what would have been the mortgage (just typed £750k per month - hahahaha ). So let's say in a year's time the total mortgage on the new house should be no more than £194k less (£750*12). We could round that up and say mortgage should be no more than £184k. Rather than paying down our mortgage we will be boosting the savings whilst also depleting them by paying for the build. So it's going to be hard to keep track but that's the main goal.
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
    • PurpleFairy26
    • By PurpleFairy26 17th Sep 17, 9:44 PM
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    PurpleFairy26
    How exciting and what a lovely place to bro g up DS, just been able to go outside to your animals. How wonderful.

    Plus design your own house, totes jealous (in a good way ) amamzing, best of luck with it all.
    • mfmaybe
    • By mfmaybe 17th Sep 17, 10:22 PM
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    mfmaybe
    Thanks PF it is exciting and also terribly daunting. I think I need to trust myself more though. I have literally always wanted to do this and have been doodling/sketching/thinking/planning/spreadsheet-ing for years. Literally. So I keep thinking we need lots and lots of expensive help, but really now I'm not so sure. (I am in the process of talking to architects hence why I'm in self-doubt territory!)
    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 18th Sep 17, 9:10 AM
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    in need of direction
    Have you a wish list of what your new home will have? I do and yet have no plans for moving. This will be a forever home so make sure that it's all that you've dreamt of.
    Mortgage at 01.01.14 £119,481.83 today £79,389.12, target £75,000 by 31/12/17 Offset fund today £4,055.43 target £5,500 by 31/12/17
    Emergency fund £5k/5.5k & £90/200 cash.
    Current weight loss 8/34 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • brizzledfw
    • By brizzledfw 18th Sep 17, 9:55 AM
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    brizzledfw
    Sounds brilliant. Be brave and have fun x
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 200 items before 31.01.18 xx/200 ** LSDs Target 10 for Winter 0x/10 **AFDs xx/15 ** Sales Target '17 £750 £225 so far
    **NSDs Target 10 for Winter xx/10 Trying to be a Frugalista
    • mfmaybe
    • By mfmaybe 18th Sep 17, 10:04 PM
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    mfmaybe
    Have you a wish list of what your new home will have? I do and yet have no plans for moving. This will be a forever home so make sure that it's all that you've dreamt of.
    Originally posted by in need of direction
    I have list upon list upon list . It's all pretty reasonable stuff though. No swimming pools, or slides instead of stairs, or basement cinema rooms. Luckily; as we have no money for that sort of frippery. I've factored in some things like a pantry and a huge mudroom though. A place to store my wellies is high up the list!

    Sounds brilliant. Be brave and have fun x
    Originally posted by brizzledfw
    It is this balance that could be tricky! I don't have crazy plans for what I want, but at the same time I don't want to go for a vanilla box, otherwise what would be the point of self build

    It is exciting though. I can't believe we have found this option. Obviously a long way to go and many possible hurdles, but it's actually a bit more than a pipe dream now.
    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 19th Sep 17, 8:59 AM
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    in need of direction
    Dream big, get the pictures and pin them somewhere visible and then see which ones you really want to live with. I would love an en suite bathroom and some more storage space. Having had a separate utility that houses fridge, dishwasher, washing machine and freezer, I'd hate to be without that. I'd also like decent garage shelving. Regularly sized windows for reasons of curtain economy would also be great.
    Mortgage at 01.01.14 £119,481.83 today £79,389.12, target £75,000 by 31/12/17 Offset fund today £4,055.43 target £5,500 by 31/12/17
    Emergency fund £5k/5.5k & £90/200 cash.
    Current weight loss 8/34 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • PurpleFairy26
    • By PurpleFairy26 1st Oct 17, 8:36 PM
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    • 12,890 Thanks
    PurpleFairy26
    We're having an extension and I was pleasantly surprised by the cost and efficiency of an architect we found. We've also talked to two builders and all thre. Have given us things to think about which means our final design is not what we had originally planned. Obviously an extension has limitations but you have so many options it's incredibly exciting hope you get things moving quickly.
    • brizzledfw
    • By brizzledfw 1st Oct 17, 9:46 PM
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    brizzledfw
    Surely a pool and a basement cinema aren't fripperies but essentials

    Very exciting. Yep don't do bland....good design doesn't have to be more expensive. Definitely find an architect and builders who add something to the process.

    It's an amazing opportunity for you. So so pleased for you
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 200 items before 31.01.18 xx/200 ** LSDs Target 10 for Winter 0x/10 **AFDs xx/15 ** Sales Target '17 £750 £225 so far
    **NSDs Target 10 for Winter xx/10 Trying to be a Frugalista
    • mfmaybe
    • By mfmaybe 11th Oct 17, 10:28 AM
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    mfmaybe
    Haha Brizzle yes a pool is now on the "need" list

    Been very remiss in posting. And very bad on the spreadsheets. And very high on the spending. Still working out the position, but a lot is getting put on the card (all being paid off, it's not debt, but it is slowing the savings position significantly).

    I don't think we've been totally extravagant, but neither have we been frugal. We relented and bought a tumble drier, after managing without for 12 years. I spent £88 in TK Maxx (3 pairs of jeans) because I basically couldn't fit in most of mine any more. Some concert tickets. Fuel costs have gone up anyway, plus we've travelled north 2 weekends in a row. I'm not being particularly careful with lunch spending. Etc Etc.

    So need to rein it in as I must start putting more into savings every month.
    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 17th Oct 17, 2:33 PM
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    mfmaybe
    So this month is nearly over (pay-wise) and it's not that healthy! I've really overspent on lunches, brutally. So I need to figure out how to rein that in pretty quickly. Had to desperately buy some clothes and bits and bobs for the horses. Some medical stuff and a storage bill that we'd forgotten about. Lots of unusual socialising.

    Cash is still ok as I have savings and the holiday got refunded, but if it wasn't for that I'd be £1750 short .

    But I did get the refund, so I am in cash terms £300 in surplus. Of course what I should be doing is putting the full refund back in my savings but that's not happening. About £1k is stuff that just wasn't avoidable but the rest was still just legacy of being overspent on that card.

    Plan? Well right now there is £28 surplus in the budget. Not much! I'm going to see if I can stretch out another £150 from it. I am going to put aside money for everything on the Amex . And I am going to sell 5 things on fleabay.

    (Note to self, I am probably going to order a new rug for my horse, which I was also going to fund from fleabay sales!)
    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 28th Oct 17, 4:09 PM
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    brizzledfw
    Hope alls going well, how's the new house now you have been there a few weeks?..yes my spending on the CC has gone up too. Something about turning into Autumn???? Managing to pay off in full, but its getting tighter and we have started booking items for the big holiday too which means I need to pay for them this side of Christmas. Think I will suggest to OH that we pay absolute minimum for the girls and each other this Xmas. A token. I will also see about something minimum for family members too...hmm.. best get thinking. We are flying in around 6 weeks time..

    Hope fleabay sales are going well..
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 200 items before 31.01.18 xx/200 ** LSDs Target 10 for Winter 0x/10 **AFDs xx/15 ** Sales Target '17 £750 £225 so far
    **NSDs Target 10 for Winter xx/10 Trying to be a Frugalista
    • mfmaybe
    • By mfmaybe 5th Nov 17, 6:36 PM
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    mfmaybe
    Hope alls going well, how's the new house now you have been there a few weeks?..yes my spending on the CC has gone up too. Something about turning into Autumn???? Managing to pay off in full, but its getting tighter and we have started booking items for the big holiday too which means I need to pay for them this side of Christmas. Think I will suggest to OH that we pay absolute minimum for the girls and each other this Xmas. A token. I will also see about something minimum for family members too...hmm.. best get thinking. We are flying in around 6 weeks time..

    Hope fleabay sales are going well..
    Originally posted by brizzledfw
    Ooh Brizzle the holiday will be so worth it though! I love where you're going, albeit it was over 10 years ago since we went. Yes our card is also ever tighter. Spending continues in a fairly scary way. The good news is it's non repeating mostly (medical) and we took a last minute trip last weekend, which was lovely, if spendy. The regular stuff is not too bad but it's being dwarfed a lot bit by the one-offs. A little boost though was spending £5 on raffle tickets (from cash that had been lurking in my wallet) and receiving £10 of coffee tokens as a prize.

    I'm trying to work out current position but for some reason am failing to work it out.
    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 6th Nov 17, 9:41 PM
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    mfmaybe
    In amazing, hasn't happened in forever news, I had a NSD in the office today. Courtesy of my coffee win, and DH making soup at the weekend.

    This is just as well as the budget is squeaky. Essentially what's happened is lots of the above spends have gone on the cards so instead of draining my savings, I'm trying to properly account for all the spends and work out what sacrifices to make. The big one I paid this month is hopefully the worst of it. As it stands, that now leaves me with £176 to find in cash terms. It's easy to do, I could just not transfer the other budgeted Amex spends such as my next fuel fill up. But I'm trying to find other ways to resolve this. The expensive item I listed on fleabay is doing nothing. I'm not actually worried about the day to day budget; but essentially we've racked up nearly £3k in spend that we hadn't been planning on (totally don't regret it though); and I'm trying to fund it as much as possible through serious economising.
    Create credit card buffer fund £12.93/£1000 1.4%paid. Pay by Christmas 17

    Other debts paid since 1/1/14: £17,005
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