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  • FIRST POST
    • 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 35
    • mfmaybe
    • By mfmaybe 7th Nov 17, 12:55 PM
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    mfmaybe
    Ooh so here's a bit of good news. I just remembered I have £100 in Amazon vouchers. This was cashback from a credit card scheme from a couple of years back. I have options - Christmas presents, put towards a big purchase, or just use for trickle spending. Also 1p0ll is at nearly £30 so I should keep on at that. It's usually pretty easy money once in a while.

    I also remembered I had 95% done my tax return and was due a refund. However, when I had drafted it I hadn't received the catch up HB on my flat. This didn't come in to my account until July, so I could have cash accounted it and not worried about it until next year; but it would just have made next year's bill huge. So I added the relevant amounts for the rebate until April into the correct tax year . This now means I will have £260 to pay as opposed to a refund. I haven't been setting money aside for it as I had thought it was going to be a refund, so out of the next 3 months pay am going to have to find this. Also now means I do have to start putting money aside going forward, especially given the rules on interest payments changing.

    Otherwise looking like a NSD for me, although DH bought milk earlier. Am also hoping to get another day out of the soup tomorrow, so with free coffee tokens that could be another NSD. I have been re-reading some of the earlier pages in my diary and saving on coffee and lunches was a big theme, that did make a difference. Also the food shop . Albeit there is now an extra mouth to feed since I started this diary, our food shopping isn't nearly as controlled as it used to be.

    Lots to think about.
    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 16th Nov 17, 9:46 AM
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    mfmaybe
    I need a list

    Car tyres need blown up
    Start Christmas list on bullet journal
    Otherwise tidy up bullet journal
    Sharpen eye pencil
    Various doc/dentist appointments
    Update worlds worst blog
    Update spreadsheet as payday looms
    Horses
    Nursery
    Email architect 1
    Submit scottish water form
    make appointment with mortgage broker


    That will do for now. Back later!
    Last edited by mfmaybe; 16-11-2017 at 1:34 PM.
    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 17th Nov 17, 3:43 PM
    • 7,195 Posts
    • 35,122 Thanks
    brizzledfw
    Have a good weekend MFM..I too like lists
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 28.02.18 xx/60 ** LSDs Target 10 for Feb xx/10 **AFDs xx/15 ** Sales Target 2018 xx/£500 NSDs Target 10 for Winter xx/10 Trying to be a Frugalista
    • mfmaybe
    • By mfmaybe 21st Nov 17, 7:58 PM
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    • 3,240 Thanks
    mfmaybe
    Thanks Brizzle, it was good

    At the start of the pay month I'm doing my usual budget examination. It seems to be getting harder and harder to balance and I wanted to know why. So I did some maths.

    At the moment my fixed costs represent 66% of salary. I've excluded the flat costs because those are currently covered by the rent. This therefore includes the money I put into our house account (so everything house related like rent, utilities, savings towards our new house etc) plus nursery, mobile phone, charity DDs and the livery bill. This is the big part now. As it's winter the costs have gone up significantly. I'm not sure exactly what the cost will be so I hope I've budgeted generously but it means there is really no spare money. Fortunately now we own our field, the plan is that from late spring they can move there; so I just need to suck it up this winter. . It's too far away just now, and also doesn't have a water supply or any shelter, so it's really not possible to use it quite yet.

    The variable bit ie food shopping, fuel etc, is 16%. The fuel isn't particularly variable though. With where we live, where nursery is, where the horses are and where work is, there's little we can do about it.

    The preferable is 12%. That's the stuff that I really want to try to save for monthly - car tax, house repairs, tax bill. Some of it is more optional than others. And this month I've removed some categories such as holidays - so it's not really that optional at all.

    Then the avoidable stuff - that's tiny, only 4%. Going out, waxing, etc. This even includes kids clothes so again not fully avoidable but right now I think we have plenty.

    There's a bit of rounding, if you are adding it all up . But it shows why I find it so hard to change anything. I certainly don't want sympathy as my life is hardly frugal (2 horses eliminate me from that category!) but in a way it makes me feel a bit better. And I must remember all the good. Really big pension contributions, 2 sharesave schemes, a stocks and shares ISA, good equity in my BTL flat, no debt other than the flat. So I'm in a very fortunate position but it's a useful reminder to keep on top of the small stuff like lunches etc. I'm getting a little better at this again.

    Anyway I better go and make tea now so thanks for letting me vent
    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 26th Nov 17, 8:25 PM
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    mfmaybe
    Sitting here twiddling thumbs doing an iphone back up. I back up to the cloud but for reasons known only to myself decided I needed to do a computer back up for the first time in forever. So meanwhile I will type.

    Black Friday. Hmm it was ok except it wasn't deal-tastic for me.
    I bought one of DH's birthday/Christmas presents and got 20% off but not sure that was a BF deal as such.
    I ordered one nephew's combined christmas/birthday at £10 off.
    I ordered my present from DH () at about 25% off.
    And a few smaller discounts on small presents for DS.
    I bought a couple of other presents but not sure I got much discount.

    But - I then saw some crazy price deals on a couple of places in the US that do really good kids clothes and a friend over there agreed to bring them home in December. Nothing that was absolutely impossible to buy here (well except a pair of work trousers for me); but they do good fleecy trousers and microfleece tops etc that are perfect for winter nursery clothing. So much for not needing to buy kids clothes

    In day to day spending I've been quite good with lunches and coffees but I should really go and update the spreadsheet and see how it's all looking. Our weekend was good - not spendy other than food shopping, as DS has a nasty viral rash, so we've been a bit housebound. I did spend today on calpol and tempting snacks 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
    • mfmaybe
    • By mfmaybe 29th Nov 17, 7:40 PM
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    mfmaybe
    Just about to log on and do some work as DS has finally started being able to go to sleep by himself again; and DH is on a work trip and not home yet. But I'm going to do it in front of The Good Wife with perhaps a small glass of wine

    This week has been crazy and not going to get much better. But a really important work meeting happened and seemed to go well. And I think I've had a fairly non spendy week. Today was free coffee courtesy of my loyalty card, plus I had lunch with me. Yesterday a colleague went and got my coffee and wouldn't take the cash; and also had lunch with me. Monday I was at home as DS was unwell but I may have ended up buying some medication; although actually that might have been Sunday!

    Oh and yesterday was GivingTuesday so I've added a new charity payment to my payroll (£6 out of my payslip a month = £20 to the charity, courtesy of my employer's contribution plus tax relief) and agreed with my team to do a Secret Santa that is actually a charitable thing instead of buying tat for each other. So I've got my hat on and feel better for it after some splurges on Friday.

    Right I said I was going to do work so I will....
    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 30th Nov 17, 8:47 AM
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    in need of direction
    Sounds like a nice, fulfilling week so far!
    Mortgage at 01.01.14 £119,481.83 today £78,892.61, target £65,000 by 31/12/18 Offset fund today £4,075.43 target £5,500 by 31/12/18
    Emergency fund £3.5/5.5k & £200/200 cash.
    Current weight loss10/32 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • mfmaybe
    • By mfmaybe 5th Jan 18, 11:15 AM
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    mfmaybe
    I've been delaying posting because I don't really know what to say. So much for good karma. I've been dealt a blow of epic proportions. I haven't really decided whether to reveal all on here, but it's health related of the Nasty kind. There have been some very low moments in the last month; and probably the first half of this year is not going to be very much fun. The irony of this being MSE is that it could be beneficial to my finances; but it's money I'd rather have done without.

    But trying to look forward there is every reason to be positive. All further tests have been clear so far (one still waiting on); and I feel absolutely fine. Treatment has a very good chance of being fully successful, but things have still been scary. In amongst it all we managed to have a fun Christmas with a very excited DS.
    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 5th Jan 18, 6:22 PM
    • 2,004 Posts
    • 13,616 Thanks
    PurpleFairy26
    I've been delaying posting because I don't really know what to say. So much for good karma. I've been dealt a blow of epic proportions. I haven't really decided whether to reveal all on here, but it's health related of the Nasty kind. There have been some very low moments in the last month; and probably the first half of this year is not going to be very much fun. The irony of this being MSE is that it could be beneficial to my finances; but it's money I'd rather have done without.

    But trying to look forward there is every reason to be positive. All further tests have been clear so far (one still waiting on); and I feel absolutely fine. Treatment has a very good chance of being fully successful, but things have still been scary. In amongst it all we managed to have a fun Christmas with a very excited DS.
    Originally posted by mfmaybe
    Oh no mfmaybe thinking of you and sending you so many positive vibes I can across the miles. Iím glad you managed a fun Christmas with your son in amongst it. Thinking of you. Post when you can and feel up to it. Purps.
    • in need of direction
    • By in need of direction 8th Jan 18, 9:12 AM
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    • 27,629 Thanks
    in need of direction
    Only post if it's right for you but feel free to come and rant or do whatever you need. We are all here for you. Take care
    Mortgage at 01.01.14 £119,481.83 today £78,892.61, target £65,000 by 31/12/18 Offset fund today £4,075.43 target £5,500 by 31/12/18
    Emergency fund £3.5/5.5k & £200/200 cash.
    Current weight loss10/32 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • mfmaybe
    • By mfmaybe 8th Jan 18, 1:37 PM
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    • 3,240 Thanks
    mfmaybe
    Thank you, both. I am lucky in that the support I have received in real life has been nothing short of outstanding; and my "virtual" friends have been equally lovely. Mainly I feel ok, things carry on day to day. Horses help, a lot. And of course my little guy is the centre of my world. It's impossible to stay sad for too long.
    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 16th Jan 18, 9:00 AM
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    • 3,240 Thanks
    mfmaybe
    So time keeps moving on. Results of the last test were almost totally ok (a teeny tiny hiccup, but on a part that was removed during surgery). I'm now waiting on a further test to see whether the Really Nasty Treatment is going to be deemed necessary. At the moment the docs said they would support a decision either way; but this test gives us a bit more science to go on. They were pretty optimistic at the hospital as to how things had gone, so I am feeling pretty good. Physically I've not felt sick at all which is the weird thing; and surgery recovery is going well too.

    So in money news, well the critical illness has paid out. That's all a bit weird but does change things significantly. The thoughts are naturally moving on to our build project. Since D-day (diagnosis Day) we have commissioned an architect and are meeting him on site this week. We are hoping to have our plans in for the end of the month if we like what he comes up with. Given the extra money, we haven't said "up the budget" but we have said we can now manage to not compromise on what we'd originally hoped for. I don't know if we will end up totally mortgage free, but it's certainly going to help.

    I really feel like I should skip over to the MF board but maybe not quite yet...
    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 16th Jan 18, 8:58 PM
    • 2,004 Posts
    • 13,616 Thanks
    PurpleFairy26
    So time keeps moving on. Results of the last test were almost totally ok (a teeny tiny hiccup, but on a part that was removed during surgery). I'm now waiting on a further test to see whether the Really Nasty Treatment is going to be deemed necessary. At the moment the docs said they would support a decision either way; but this test gives us a bit more science to go on. They were pretty optimistic at the hospital as to how things had gone, so I am feeling pretty good. Physically I've not felt sick at all which is the weird thing; and surgery recovery is going well too.

    So in money news, well the critical illness has paid out. That's all a bit weird but does change things significantly. The thoughts are naturally moving on to our build project. Since D-day (diagnosis Day) we have commissioned an architect and are meeting him on site this week. We are hoping to have our plans in for the end of the month if we like what he comes up with. Given the extra money, we haven't said "up the budget" but we have said we can now manage to not compromise on what we'd originally hoped for. I don't know if we will end up totally mortgage free, but it's certainly going to help.

    I really feel like I should skip over to the MF board but maybe not quite yet...
    Originally posted by mfmaybe
    Wow mfmaybe that payout will definitely help, even if not totally MF, not having a huge mortgage will be amazing. Iím glad youíll be in a place not to compromise with what you want. Sending you more positive vibes and hoping your recovery continues to go from strength to strength.
    • in need of direction
    • By in need of direction 20th Jan 18, 1:53 PM
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    in need of direction
    So happy to hear semi positive health news
    Mortgage at 01.01.14 £119,481.83 today £78,892.61, target £65,000 by 31/12/18 Offset fund today £4,075.43 target £5,500 by 31/12/18
    Emergency fund £3.5/5.5k & £200/200 cash.
    Current weight loss10/32 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • mfmaybe
    • By mfmaybe 23rd Jan 18, 12:53 PM
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    • 3,240 Thanks
    mfmaybe
    Thanks both. I am certainly feeling happier about the build project. We now have a pretty healthy cash balance. We're managing to put a good bit of cash away each month towards it too (last month was £950). I reckon we can probably manage the rest with zero percent spending cards and potentially either an unsecured loan or borrowing from family. Self build mortgages are quite pricey and there are also a fair whack of fees so if we can avoid that then great. Ideally once the build is completed we will take out a small residential mortgage to pay off whatever we've not been able to cover; and will clear my small BtL mortgage on my flat too.

    In normal money news, I am behind. I haven't even done my 2018 spreadsheet and I got paid nearly a week ago! Spends are actually ok I think, just food and fuel and horse costs. I rarely spend normal money out of my bank account as I'm still signed off work. On that note, back to hospital tomorrow to get the results of the latest test, which will determine how the next few months pan out. Oh, and there is Big News coming from work, that may be fortuitous, but more on that later.

    Weather is completely shocking today. After some fun snow, today it's 10C warmer, and lashing. Bouncing off the ground type rain. Lovely.
    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 23rd Jan 18, 11:25 PM
    • 4,851 Posts
    • 27,629 Thanks
    in need of direction
    Positive vibes for tomorrow
    Mortgage at 01.01.14 £119,481.83 today £78,892.61, target £65,000 by 31/12/18 Offset fund today £4,075.43 target £5,500 by 31/12/18
    Emergency fund £3.5/5.5k & £200/200 cash.
    Current weight loss10/32 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • brizzledfw
    • By brizzledfw 23rd Jan 18, 11:52 PM
    • 7,195 Posts
    • 35,122 Thanks
    brizzledfw
    Just popping back as I have been away and so so sorry to hear about your health issues....but very relieved that the latest signs have been encouraging so far. Sending you lots of love and hugs

    Brizzle xx
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 28.02.18 xx/60 ** LSDs Target 10 for Feb xx/10 **AFDs xx/15 ** Sales Target 2018 xx/£500 NSDs Target 10 for Winter xx/10 Trying to be a Frugalista
    • mfmaybe
    • By mfmaybe 24th Jan 18, 4:02 PM
    • 1,014 Posts
    • 3,240 Thanks
    mfmaybe
    Positive vibes for tomorrow
    Originally posted by in need of direction
    Thank you. It went well. The test gave me a recurrence score and it was in the low category, so the Really Nasty Treatment isn't being done. Still got a short term treatment, and long term druggage, but that's manageable.

    Just popping back as I have been away and so so sorry to hear about your health issues....but very relieved that the latest signs have been encouraging so far. Sending you lots of love and hugs

    Brizzle xx
    Originally posted by brizzledfw
    Thanks Brizzle. The weird thing is I can't even think of it as health issues because I feel so totally fine. Especially now I am fully mobile after surgery and can shave my armpit again. It's a very serious thing; but I'm determined to put it behind me as soon as I can and not live in fear of it returning (see above re my latest test).
    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 25th Jan 18, 9:10 AM
    • 4,851 Posts
    • 27,629 Thanks
    in need of direction
    Brilliant news and well done on the detection.
    Mortgage at 01.01.14 £119,481.83 today £78,892.61, target £65,000 by 31/12/18 Offset fund today £4,075.43 target £5,500 by 31/12/18
    Emergency fund £3.5/5.5k & £200/200 cash.
    Current weight loss10/32 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • mfmaybe
    • By mfmaybe 27th Jan 18, 10:37 PM
    • 1,014 Posts
    • 3,240 Thanks
    mfmaybe
    Thanks INOD.

    Meanwhile I am in full on house mode. The plans are in from the architect . Some of the room dimensions weren't working, so I have figured out how to make the house less wide but a bit deeper front to back (ie square up some rooms that were a bit rectangular before). That way, I'm not doing too much to the overall space. However it is a bit when you look at the size. So once he's made the adjustment I need to have a long hard think and see if I can squeeze off some space anywhere. The problem is, that if you want certain rooms to be big (say the kitchen), you immediately add that on to the upstairs too. Having said all that, it's about the same size as a showhouse we went to see recently, that we both thought was about what we had in mind. So perhaps it's ok; we just need to make sure we can afford to finish 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
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