Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • juststuff123
    • By juststuff123 27th Apr 14, 7:54 PM
    • 195Posts
    • 541Thanks
    juststuff123
    All I want to be...is Free!
    • #1
    • 27th Apr 14, 7:54 PM
    All I want to be...is Free! 27th Apr 14 at 7:54 PM
    I've never posted on a forum before so please bear with me.

    I bought my flat in 2010. I took a £66k mortgage and a 0% £15k loan from my parents. I also have my student loan to repay £5k left. My goal is to have all these debts paid by Dec 2018. Or at least have enough money in savings to be able to pay off all these debts if I want to by Dec 2018 (will depend on the interest rates etc at the time).

    I live alone so this will be a real achievement for me is I can pull it off (lets skip over the parental help). I have a budget, and several spread sheets to keep me on track. I'm very tight with money and I've just dipped my toe into the Stoozing pool but any tips and advise would be welcome. Fingers crossed.
    Last edited by juststuff123; 06-05-2014 at 1:12 PM. Reason: Change of tittle
    NEW GOAL Ė Mortgage Balance £0k & £30k Savings by Feb 2019
    MORTGAGE: Ė £33942 / £0
    SAVINGS: Ė £47387 / £30000
    CREDIT CARD: Ė £1909 / £0

    COMPLETE - MFW & DFW - Goal - Debt Neutral Ė COMPLETE
Page 7
    • juststuff123
    • By juststuff123 31st Mar 17, 3:15 PM
    • 195 Posts
    • 541 Thanks
    juststuff123
    Thanks Squirrel, I really do appreciate you taking time to read and comment on my diary!

    I thought Iíd feel different when I reached debt neutrality, safer and freer or like a weight had been lifted from my shoulders but I donít. Perhaps debt neutrality and debt free are more different than I thoughtÖÖÖÖÖÖÖ

    I had a bit of a wobble at work last week. Iíd been struggling with stress and anxiety for a while, I thought I was getting better then I had a bit of a meltdown and couldnít stop crying! It was so unprofessional and very embarrassing. I took the rest of the week off, Iím still deciding whether to go back on Monday. I can feel the panic setting in just thinking about it.

    Right nicer things: Motherís day Ė I cooked my Mum Steak & Ale pie and ginger cake. She has very high standards when it comes to Steak & Ale pie so I was a bit nervous but she said it passed so I was chuffed with that.

    I had a lovely Spa day earlier this month with a couple of friends as a birthday treat for one of them. The package was originally £94 but I went through groupon and a cashback site and got it for £42! And I went to Cardiff to visit a friend and have a bit of a nose around the shops. It was nice to have a catch up.

    I booked the painter to come at the beginning of June to paint the communal areas of the flats where I live. Iím really looking forward to having this work done.

    I did my annual interest sweep into the main account this month and took out all the payable cashback from the assorted cashback companies (about £50)

    I booked the Airport hotel & parking for my holiday at the end of the month. I spent £9 more than I had planned to. I listened to my Dad and booked it later than I planned and the price had gone up. Doh!

    I had a good read of the Martin Lewis advise regarding holiday money and decided to get a specialist credit card. I went for the creation one he recommended. I applied and was accepted. I was shocked with my credit limit. Itís a holiday card I thought £1200 - £2000 would be plenty. They gave me £12,000! I always wondered how people managed to rack up tens of thousands in credit card debt Ė well now I know, the banks set them up. I was going to get the limit lowered but my Dad said not to and that the whole family could use the card while weíre away. The villa has broadband so I can pay the balance each day to avoid the interest charges.

    Iíve made some decisions. 2 regular savers came due this month. I set up another with Nationwide but Iíd decided not to renew the 5% M&S regular saver. I donít have enough Direct debits. I could set up charity payments but £24 to get £81 interest plus the fact that Iím exceeding my £1000 personal savings allowance so Iíll end up paying extra tax just didnít make it such an attractive offer anymore. Then I opened a 3rd BOS account just in time to find out theyíre dropping their interest rate! So I might open another M&S saver in June? If ever I needed a sign to change tact this is it.

    I mentioned I was going to change my strategy for this new goal. Iíve spent the last few years concentrating on savings (the bulk being in an assortment of bank accounts) now Iím going to put more effort into debt reduction and alternative investments. Especially with the worsening interest rates. I decided to pay the balance of my student loan this month (£736) and I paid off the balance I owed my dad (£3254). I used the Inheritance heís just given me plus my bonus. Iíll take the money I would have paid my dad and the student loan each month and set up a standing order to go in the mortgage Ė the tried and tested snowball technique.
    I think Iíll ditch at least 2 of the BOS accounts in June. Iíll use the money from one of them to pay off my credit card which comes due in July and I havenít decided yet whether to put the other £5000 into the mortgage or increase my stocks and shares Isa fund since Iíve started to think I need to start planning for further into the future.

    This personal allowance thing is a bit pf a palaver! Apparently, the banks are supposed to tell HMRC what I owe. But it doesnít seem to work like that. Iíve had to spend quite some time working out what I owe and telling them. This new system is a sure way for some major Ďmessí ups. And this paying back through the tax code system, itís like being in debt again, Iíd rather pay the lump and have it off the slate.

    Iím still questioning the usefulness of the Santander 123 Itís not a good account anymore Iím just not sure what to use in its place.

    Iíve been thinking that I need to start planning for further into the future and investing more in stocks and shares. I just need to decide on a strategy and a quantity to invest.

    My updated status:

    MFW & DFW - Goal - to be Debt Neutral by Feb 2017
    To pay: Mortgage -£41525/£66445 (started Feb 2010)
    To pay: Parent Loan £0/£15000 & Student Loan - £0/£9479
    To pay: Credit Cards (Stoozing) - £4231
    Savings - £54037
    Debt Neutrality - +6100
    NEW GOAL Ė Mortgage Balance £0k & £30k Savings by Feb 2019
    MORTGAGE: Ė £33942 / £0
    SAVINGS: Ė £47387 / £30000
    CREDIT CARD: Ė £1909 / £0

    COMPLETE - MFW & DFW - Goal - Debt Neutral Ė COMPLETE
    • juststuff123
    • By juststuff123 8th May 17, 3:25 PM
    • 195 Posts
    • 541 Thanks
    juststuff123
    Hi MSE family,

    Iím a bit late in posting this month. Iíve just got back from Holiday. I went with the family to St Lucia. It was beautiful, I did all the standard Tourist spots and went Zip lining. And a coconut fell from a tree and hit me on the head! What are the chances? No damage done though. I spent quite a bit of money on activities, eating out souvenirs etc. and all the prep, haircut, eye lash tint etc. But it was my first proper holiday on 5 yrs so I thought Iíd treat myself a little. Iíll knuckle back under this month. It was great not to have to think about work for a while. Iíve only been working a couple of mornings a week this month with the rest of the time working from home. Itís been good to reduce the stress a little.

    I did a contortion workshop at the beginning of the month. It was brutal and Iíve signed up to do another hoop course this one is a tricks and comboís class rather than a routine class. Iím looking forward to it.

    My HSBC and Santander Regular savers finished last month so Iíve set up new ones. I still havenít decided what to do with the money in the BOS accounts when the interest rates drop next month.
    I canít think of anything else to say, either thatís it for the month or more likely Iím suffering from Jet lag. Anyway at least itís a short one!

    See you at the end of the month!

    My updated signature

    NEW GOAL Ė Mortgage Balance £0k & £40k Savings by Feb 2019
    MORTGAGE: Ė £41001 / £0
    SAVINGS: Ė £52589 / £40000
    CREDIT CARD: Ė £4677 / £0

    COMPLETE - MFW & DFW - Goal - Debt Neutral Ė COMPLETE
    NEW GOAL Ė Mortgage Balance £0k & £30k Savings by Feb 2019
    MORTGAGE: Ė £33942 / £0
    SAVINGS: Ė £47387 / £30000
    CREDIT CARD: Ė £1909 / £0

    COMPLETE - MFW & DFW - Goal - Debt Neutral Ė COMPLETE
    • juststuff123
    • By juststuff123 31st May 17, 9:36 PM
    • 195 Posts
    • 541 Thanks
    juststuff123
    Hello Fellow MSEers

    May feels like itís been a long slow month. Iím still only working a couple of mornings per week, then from home the rest of the week. The flat painting is underway, Iíve been able help out a bit. They look much better, though now the floors really stand out as shabby! Well Iíll put those on the list!

    I change my maintenance fee standing order so that in June the balance for the year (ending March) will be taken in one go, so my figures next month will look down, but it will even up over the rest of the year. I did this so we have enough money in the communal pot to get a few other maintenance jobs done on the sheds and garages, while I can get them done cheap by a trusted handyman.

    Iím back doing Hoop classes for a few weeks. This is a tricks and combos class so I donít have to remember a routine

    I bought tickets to see to Alice in wonderland & Midsummer Nightís Dream at an outdoor theatre in some gardens near my home. They arenít until July & August, but Iím looking forward to them. I bought myself a picnic backpack for the occasion. I also bought myself a new shower and screen. Mine still worked but they were becoming tired and dated. I got a good deal; RRP for the shower £268, I paid £123 and the screen RRP was £181 I paid £60 + 1% cashback! I also bought my sisterís Christmas present and went to a Body Shop party, I ended up spending about £40 there, itís a lot but you expect it when you go to these things. All in all, itís been a
    spendy month.

    My free Hello Fresh meals came this month, I was actually very impressed. I wouldnít get them every week, but once in a while I think I might.

    I got the Ford money Isa Martin Lewis recommended in the weekly newsletter. I had planned to stop saving and start ploughing the money in to the mortgage, but Iím an addict, I see a regular saver and I have to have it! My salary now matches my regular saver outgoings every month!

    The 0% runs out on my Credit card soon, Iíve been trying to choose a new one. I suppose it doesnít really matter, theyíre all much of a muchness.

    Any Who see you next month!

    My updated Signature:

    NEW GOAL Ė Mortgage Balance £0k & £40k Savings by Feb 2019
    MORTGAGE: Ė £40478 / £0
    SAVINGS: Ė £53584 / £40000
    CREDIT CARD: Ė £5620 / £0

    COMPLETE - MFW & DFW - Goal - Debt Neutral Ė COMPLETE
    NEW GOAL Ė Mortgage Balance £0k & £30k Savings by Feb 2019
    MORTGAGE: Ė £33942 / £0
    SAVINGS: Ė £47387 / £30000
    CREDIT CARD: Ė £1909 / £0

    COMPLETE - MFW & DFW - Goal - Debt Neutral Ė COMPLETE
    • juststuff123
    • By juststuff123 30th Jun 17, 9:46 AM
    • 195 Posts
    • 541 Thanks
    juststuff123
    Hey there folks,

    I set up a new credit card 28 months @ 0%, then I cancelled 3 old (now unused) ones, and reduced the credit limit on a 4rd to tidy things up a bit. So now I have one card to use on holiday or spending in foreign currency and one every day 0% card I can stooze with. My credit score will probably take a bit of a hit, thatís why I opened the new credit card first, so my score has 2 years to go back up.

    I messed up with my Nationwide regular saver so I closed the account and started again. I closed a few more unused Savings accounts. Removed the standing orders on my Tesco accounts (after checking first that they were no longer required to keep the 3% interest. I closed my BOS accounts, paid off my credit card balance, opened a new M&S regular saver and paid an extra £3400 off on the mortgage. But I still have a dilemma, I still have too much money in my current accounts but I canít decide whether to put even more into the mortgage or invest more in stocks & sharesÖ I know luxury problem right!!

    I paid 10 months of my flat maintenance charge in one go this month (to help with some extra repairs) so my budget spreadsheet looks awful at the moment! Itíll even out over the year though.

    Iím still working from home for most of the week. I went to see a recruitment specialist to get some direction and some ideas for what to do with my future. And Iíve had an idea for a small start-up business. I booked myself on to a day course to see if Iíve got what it takes to make it work. And Iíve got a meeting next month to help a friend (for free) so afterwards Iíll ask what she thought and whether she felt I was good enough to charge people. Iíve also been speaking with a CBT specialist to help me pull myself together.

    I got a groupon deal with a friend to go to Rome for 3 nights in November Ė it was £200 and includes flights, hotel & breakfast. So thatís something to look forward to. Hopefully weíll take a day trip down to Pompeii or Herculaneum.

    I had a private Pole class this week, my first time back on the pole for almost a year. I was pretty chuffed with what I could still do even though I was a bit sore afterwards!

    Anyway as usual here is my updated signature:

    NEW GOAL Ė Mortgage Balance £0k & £40k Savings by Feb 2019
    MORTGAGE: Ė £36555 / £0
    SAVINGS: Ė £45666 / £40000
    CREDIT CARD: Ė £148 / £0


    See you next monthÖ


    NEW GOAL Ė Mortgage Balance £0k & £30k Savings by Feb 2019
    MORTGAGE: Ė £33942 / £0
    SAVINGS: Ė £47387 / £30000
    CREDIT CARD: Ė £1909 / £0

    COMPLETE - MFW & DFW - Goal - Debt Neutral Ė COMPLETE
    • Kittenkirst
    • By Kittenkirst 30th Jun 17, 9:56 AM
    • 1,592 Posts
    • 8,224 Thanks
    Kittenkirst
    Fab to see some new goals, sure with the determination shown for your previous goals you will smash these!
    2017 MFW #20 - OP £1958.94/ £2150 91%
    Last 3 months- Jul £172.36 Aug: £212.52 Sep £206.32

    Emergency fund £3880/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    2016 OPs £255.50/£150
    • shangaijimmy
    • By shangaijimmy 30th Jun 17, 10:15 AM
    • 2,207 Posts
    • 10,145 Thanks
    shangaijimmy
    Have a look at P2P. I opened a funding circle account 12 months ago to put some cash in that we won't touch for a good 20 years. And i have to say its been great. So much so that i keep adding to it. Currently yielding 7% and had no issues with 'bad debt'. I only threw £500 in to start just to see and i've steadily increased it to £1200.
    MFW: Turning June 2036 into March 2023... 30//120 Payments Challenge, Diary Reduction £32,077.72
    Aug 2009: £163,051 // Current: £103,922.28 // Avg Daily Interest £4.67
    MFiT-T4 #8 - 47.86% of £41,000
    • juststuff123
    • By juststuff123 1st Jul 17, 9:09 AM
    • 195 Posts
    • 541 Thanks
    juststuff123
    Thanks shangaijimmy, I have about £1100 in funding circle myself. So yes I could add a bit more to that...Something to think about.
    NEW GOAL Ė Mortgage Balance £0k & £30k Savings by Feb 2019
    MORTGAGE: Ė £33942 / £0
    SAVINGS: Ė £47387 / £30000
    CREDIT CARD: Ė £1909 / £0

    COMPLETE - MFW & DFW - Goal - Debt Neutral Ė COMPLETE
    • juststuff123
    • By juststuff123 31st Jul 17, 2:59 PM
    • 195 Posts
    • 541 Thanks
    juststuff123
    Thanks for popping by Kittenkirst & Shangaijimmy!

    Itís been a busy old month for me. I came to a decision about the extra money I mentioned in last monthís post. I decided to spread it around, £1000 off the mortgage, £1000 into funding circle & £2500 into 5 different investment funds.

    I sorted my car insurance. I thought I was being organised and sorting it well in advance but I only had 14 days to provide proof of my no claims discount which wonít be issued until my current policy expires (longer than 14 days) So now Iím being chased and threatened with cancellation! Well I asked them to make a note on my file and hopefully Itíll work out. I was very disappointed though, the cheapest policy I could get; I couldnít get cashback for; other policies were more expensive even with cashback but it does bother me to have to pay full price!

    Our company hasnít done very well this year so it doesnít look like Iíll be getting a bonus this year. Certainly not this month. It means my new goals may well now be out of reach, but Iíll just have to tighten my belt a little bit and see what happens. They still havenít told us what the new scheme will be either. The new directors just donít seem to be able to make any decisions. We had an anonymous survey at work to find out why company morale was so low, as although I was the first to crack, a couple of others since me have gone off with stress and there are many others at breaking point. And the ineffective Directors was one of the points raised (among many others) Theyíve been given the report so weíll see if they actually do anything about it Ė I doubt it. I imagine the middle managers will pay the price for it.

    I helped a friend with her home budgeting at the beginning of the month. I checked in on her a couple of weeks later and so far, so good. Iíve booked a day course in August about starting your own business. Iím looking into the potential of paid to help people learn how to budget to achieve their own goals. It might be a nice little side business, Iíll just have to see. I wonít really have any start-up expenses so if it doesnít pan out itís no great loss.

    I went to see Midsummer Nightís Dream at an outdoor garden. It was wonderful & we had a picnic. There were only 4 actors so they each had several parts but it worked well and it was very funny with a bit of audience participation. I look forward to going back next year to see them again!

    I went to an aerial arts show a couple of weeks ago, all the acts were impressive and varied. And the final act was a comedienne who came onto stage with Hat, Heels and nothing else!

    An old friend came for a visit at the weekend we went to a local food festival & spent a day visiting a National Trust house/museum. It was a lovely time.

    See yíall next month!

    My Updated Signature:

    NEW GOAL Ė Mortgage Balance £0k & £40k Savings by Feb 2019
    MORTGAGE: Ė £35015 / £0
    SAVINGS: Ė £45363 / £40000
    CREDIT CARD: Ė £722 / £0
    NEW GOAL Ė Mortgage Balance £0k & £30k Savings by Feb 2019
    MORTGAGE: Ė £33942 / £0
    SAVINGS: Ė £47387 / £30000
    CREDIT CARD: Ė £1909 / £0

    COMPLETE - MFW & DFW - Goal - Debt Neutral Ė COMPLETE
    • SuperSecretSquirrel
    • By SuperSecretSquirrel 1st Aug 17, 10:23 AM
    • 579 Posts
    • 2,561 Thanks
    SuperSecretSquirrel
    Nice update juststuff. I especially like the sound of your side business, good luck with that I also quite like the sound of that comedienne
    Mortgage [2013 £64k|2014 £51k|2015 £38k|2016 £26k] £16,426.36
    MN [2013-£25k|2014-£2k|2015+£16k|2016+£34k] +£47,033.30 (MFiT4:+60k)
    NW [2013 £126k|2014 £156k|2015 £190k|2016 £228k] £259,115.08 (2020:300k)
    FI [2013 -1.2%|2014 2.8%|2015 6.9%|2016 13%] 16.5%
    • juststuff123
    • By juststuff123 2nd Sep 17, 4:47 PM
    • 195 Posts
    • 541 Thanks
    juststuff123
    Hi Gang,

    Hey Squirrel glad to see you popping by....

    Itís September already, where does the time go? So, letís see what happened in the last month? Well, I found out I wouldnít be getting a bonus this year. The company hasnít done particularly well so itís disappointing but understandable. I was told 3 years ago that this year (August 2017) Iíd be getting a £2000 pay rise Ďset in stoneíÖ they went back on their word and now itís £1000 this year and £1000 next year. Again, I can almost understand it but what really tipped me over the edge was finding out about it less 3 weeks before payday. Iím not even sure if thatís legal? How can the directors be so incompetent?? Any way as a result of these setbacks Iíve had to review my goal and change it from £40k savings to £30k savings in Feb 2019.

    I pre-paid my service and MOT last month for the work due this month. And transferred some money from my Home account to my new business account (for insurance etc) So my budget is looking very red at the moment! I did a start-up business course, the marketing section was really quite overwhelming, I had to put the whole idea on hold for a while whilst I let all the information sink in. I did but a card payment machine though.

    I went to watch my friends in a pole show. All the acts were fantastic. And I went to see Alice in Wonderland at an outdoor theatre and picnic. It wasnít very good Ė it was aimed at children but the picnic was nice.

    My sister got engaged last month! Her ring is a real piece of bling. And even better; her fianc! bought it from someone who didnít end up proposing so he got it for about 25% market value! I didnít really want to be my younger sisterís bridesmaid, but Iím going to be a witness and at the moment my title is coordinator but Iím sure I can come up with something better. Iíve already bought my dress (30% off) I do have to get it shortened considerably though. They are having a small registry thing in May next year, but theyíre having the proper party / ceremony next September. Weíre going wedding dress shopping next week.

    Any way I think thatís it for last month, Iíll see you guys next month

    My updated signature
    NEW GOAL Ė Mortgage Balance £0k & £30k Savings by Feb 2019
    MORTGAGE: Ė £34480 / £0
    SAVINGS: Ė £46391 / £30000
    CREDIT CARD: Ė £1129 / £0
    NEW GOAL Ė Mortgage Balance £0k & £30k Savings by Feb 2019
    MORTGAGE: Ė £33942 / £0
    SAVINGS: Ė £47387 / £30000
    CREDIT CARD: Ė £1909 / £0

    COMPLETE - MFW & DFW - Goal - Debt Neutral Ė COMPLETE
    • juststuff123
    • By juststuff123 3rd Oct 17, 2:27 PM
    • 195 Posts
    • 541 Thanks
    juststuff123
    Hey Hey MSEers

    I'm a bit late this month. September's been hectic. But I'll keep it brief this month.

    I went to the local History festival - lots of different lectures in the evenings.

    I was bridesmaid for a friends wedding - she was not well organised!! But she made it down the isle and seemed to enjoy the day so i'd call it a success!

    I had my Car MOT & Service they called to say it failed on some minor things; they fixed them but forgot to charge me. Result!!

    I started back at Hoop - a new class much closer to home. It's more expensive but it's a 10 min drive rather than 50 each way. I/m very sore today!

    I'm back at work full time which means I must be a lot better.

    I've done the bulk of my Christmas shopping already. Just a few small bits and bobs to go!

    My trousers and scales have been conspiring against me so I'm on a diet. Lets hope I can be disciplined!!

    Anyway that's it for this months folks. See you in a few weeks!

    My updated signature
    NEW GOAL – Mortgage Balance £0k & £30k Savings by Feb 2019
    MORTGAGE: – £33942 / £0
    SAVINGS: – £47387 / £30000
    CREDIT CARD: – £1909 / £0
    NEW GOAL Ė Mortgage Balance £0k & £30k Savings by Feb 2019
    MORTGAGE: Ė £33942 / £0
    SAVINGS: Ė £47387 / £30000
    CREDIT CARD: Ė £1909 / £0

    COMPLETE - MFW & DFW - Goal - Debt Neutral Ė COMPLETE
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,254Posts Today

8,901Users online

Martin's Twitter