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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 2,232Posts
    • 10,270Thanks
    shangaijimmy
    New Diarist - Attacking the Banks!
    • #1
    • 13th Mar 15, 12:18 PM
    New Diarist - Attacking the Banks! 13th Mar 15 at 12:18 PM
    Hi all,
    I've knocked about a bit off and on for the last few years and a bit more heavily in the last 4 months. I've threatened a diary, but also found an excuse not to. Excuses are now fully exhausted so here goes. Remortgage complete, which i'll detail later, bank accounts organised (again i'll discuss later), spreadsheets plentiful and i'm learning on the go with these.

    Overall goal - pay off in 10 years, so 120 payments
    Dream goal - pay off in 8 years, so 96 payment

    Targets
    March 2015 - Balance at start of diary - £136,000
    • Feb 2017 - End of Yr 2 Balance £109,000 (£27k reduction since diary began) - Actual £110,520 (£25.5k reduction since diary began)
    • June 2017 - £106,500 - Actual £106,378 (£122 ahead)
    • July 2017 - £105,400 - Actual £105,296 (£104 ahead)
    • Aug 2017 - £104,300 - Actual £103,922.28 (£378 ahead)
    • Sept 2017 - £103,200 - Actual £102,735 (£465 ahead)
    • Oct 2017 - £102,100 - Actual £101,729 (£371 ahead)
    • Nov 2017 - £101,000
    • Dec 2017 - £99,999
    • Jan 2018 - £98,700
    • Feb 2018 - End of Yr 3 Balance - £97,500 (£38,500 reduction during diary & MFW journey)
    Last edited by shangaijimmy; 14-11-2017 at 1:56 PM. Reason: Updated Goals
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
Page 110
    • shangaijimmy
    • By shangaijimmy 3rd Sep 17, 8:30 AM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    Well we're back, and back to the mountain of washing and last minute return to school prep. Budget for hols didn't quite go according to plan and we ended up nearer to the £300 than £200 target. But not to worry. I managed to keep up with TT's as well.

    So August has literally come and gone in our house and i'm a touch late with posting accounts but here goes in the next post...

    Oh got a nice £50 cheque from plusnet as cashback so that will get paid in and give us a nice boost to September OP's.
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 3rd Sep 17, 8:42 AM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    August 2017 - Month 30
    Had another good month however this has been significantly boosted with my decision to OP 50% of matched betting profits, which amounted to £347

    Monthly Statistics
    • Closing Balance - £103, 922.28
    • August OP's - £899.49
    • Net Reduction - £1,374.47
    • Daily Int - £4.67 (7p reduction)
    • % Loan Remaining - 76.41%
    • LTV - 47.02%

    Diary Specific Statistics
    • Balance Reduction during Diary - £32,077.72
    • Average Monthly OP's - £609.51
    • Average Monthly Net Reduction - £1,106.13
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • hiddenshadow
    • By hiddenshadow 3rd Sep 17, 8:59 AM
    • 2,262 Posts
    • 10,229 Thanks
    hiddenshadow
    Great numbers!
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / Nov '17 £105,759
    2017 MFW #56: £13,909/£15,000 92% / MFiT-T4 #15: £53,740/£90,000 59%
    • greent
    • By greent 3rd Sep 17, 9:07 AM
    • 6,439 Posts
    • 64,973 Thanks
    greent
    Great stuff, jimmy!

    Now that back-to-school is upon us I plan to start reading into MB once we have a routine established
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £5034/£3286
    Net sales 2017 £1226.02/£500 PAYDOX17 £11937/£10k Decluttered 1760/2017 items
    • shangaijimmy
    • By shangaijimmy 3rd Sep 17, 9:26 AM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    Oh I forgotten to add...2 bricks coloured in!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • atypicalblonde
    • By atypicalblonde 3rd Sep 17, 9:27 AM
    • 2,519 Posts
    • 16,022 Thanks
    atypicalblonde
    Nice to see you back, five figures within touching distance!
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • shangaijimmy
    • By shangaijimmy 3rd Sep 17, 9:50 AM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    5 figures is indeed tantalizingly close. Definitely by new year, possibly end on November if MB continues as well as August was. I am away with work for 3 and a bit weeks in Oct which may scupper me though (no control over Mrs SJ!)
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • debtfreeoneday
    • By debtfreeoneday 3rd Sep 17, 11:40 AM
    • 2,782 Posts
    • 9,515 Thanks
    debtfreeoneday
    Great progress, well done!
    DFW (08/08) £64,346.53
    Credit card debt: £3,346.29 over three credit cards.
    MFW (01/15) £118,031.21 £95,324.07
    • shangaijimmy
    • By shangaijimmy 3rd Sep 17, 8:14 PM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    Well i tackled the abomination that was DS1's summer holiday bedroom mess!! Wow!

    A day of dog walks (4 in total), big dinner and a few relative visits, so other than DS1 bedroom not much achieved!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 4th Sep 17, 7:57 AM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    26p TT this morning and i'm hoping to get to the post office to pay our plusnet cashback cheque in. Not much to report other than kids go back to school tomorrow (yay, DS2 is ready to go back), and Mrs SJ collects her bike tomorrow...
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • Jessy103
    • By Jessy103 4th Sep 17, 10:22 AM
    • 467 Posts
    • 1,976 Thanks
    Jessy103
    Oh I forgotten to add...2 bricks coloured in!
    Originally posted by shangaijimmy
    Oooo exciting stuff!! I'm very jealous!
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount Oct 2017 - £61,990.00
    Overpayment Target for 2017 - £5,000 /£4,060.70
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £849.96 August - £255.11 September - £177.22 October - £381.61
    • shangaijimmy
    • By shangaijimmy 4th Sep 17, 8:47 PM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    Well horrendous day in work! Mentally shattered by home time! Plus i had the dentist thrown in for my broken tooth! Fortunately no major damage and just a filling repair. Unfortunately i didn't get to post office to pay check in so will add that to tomorrows list and nip out of work for a walk.

    Am determined to be in bed for 9.30 with some diary catch ups as i'm in need of a MFW fix!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 5th Sep 17, 7:35 AM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    4p TT this morning

    But more importantly the boys are back in school
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 5th Sep 17, 9:20 PM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    Better day in work today thankfully, but still not managed to get out to pay cheque in - damn work keeping me occupied!!

    Well the bike has arrived...time will tell how much it gets used!

    I managed to get out for a run tonight after 10 days off. No real drop off in fitness so happy with that, though i am struggling with a troublesome right calf. It seems that any hill or slight incline makes it really stiffen up. Its becoming very annoying but i suppose that what comes with age! I keep reminding myself that i'm not 25 anymore!! I'm keeping up with the no watch, no timing, no measuring and no pre planning routes. I'm certain this is helping me to enjoy just being out.

    The boys both had a great day back in school which is always a relief! As much as DS1 says he doesn't like school, he actually does but its not cool to say so. DS2 on the other hand says how much he loves it!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 6th Sep 17, 7:51 AM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    79p TT this morning and looking at the current account feeling sorry for itself with just £100 left i wondering when the saviour that us child benefit will rescue us!!

    To be fair we've bought concert tickets, dentist check up and something else that has wiped about £150 off our account, but i'm still hopefuly we wont need to dip into savings pots for an account top up.

    International football weekend has slowed down my MB, so currently at £60 for the month so far. I can accelerate this again this weekend hopefully.
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • atypicalblonde
    • By atypicalblonde 6th Sep 17, 7:57 AM
    • 2,519 Posts
    • 16,022 Thanks
    atypicalblonde
    Do you mind if I PM you a couple of MB queries?
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • shangaijimmy
    • By shangaijimmy 6th Sep 17, 9:10 PM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    ATB i have just replied and i don't mind at all!

    Long day over! very productive though, and i made it to the bank to pay the cheque in. Am definitely catching up on some diaries tonight and only in work 4-7 tomorrow so planning on walking little pooches paws off!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 12th Sep 17, 7:44 AM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    Oops. 5 days since i last posted, which astounds me, and i found my diary all the way down on page 5! A few people commented how quickly the year has gone, well i cant believe its 12th Sept...the month is literally evaporating!

    Spent most of the weekend coming and going, and never really sat down and stopped.

    Not much going on money wise. Child benefit came to the rescue but got swallowed up in spends (need to question Mrs SJ....). So will need to 'borrow' some cash out of savings for a few days. I don't like doing it but that's what savings are for and we all know its not easy having 3 kids, 2 cars, a big house/mortgage and an ambitious MFW plan! Mrs SJ gets paid 13 times a year rather than a set day each month and it always messes my organising up once or twice a year.
    Last edited by shangaijimmy; 12-09-2017 at 10:16 AM.
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • Retro.Monkey90
    • By Retro.Monkey90 12th Sep 17, 9:58 AM
    • 69 Posts
    • 219 Thanks
    Retro.Monkey90
    Hi Jimmy, great figures from August. Just catching up now as my own diary has been neglected because of that thing called life! Also cannot believe it is September, I swear it was May last week....
    Original Mortgage: £134k Sept 2044 Current Mortgage: £126k Neutral Oct 2039
    Ideal goal: TBC
    Bonus OPs made 2017: 7 total= £159.91
    Save
    Save
    • shangaijimmy
    • By shangaijimmy 12th Sep 17, 9:47 PM
    • 2,232 Posts
    • 10,270 Thanks
    shangaijimmy
    Totally agree Retro, i was even talking to my parents about Christmas presents for the boys tonight ! They've still got money left from last year!

    I've managed to keep up with running as well. In last 8 days i've managed Tues, Fri, Sat & Tues. I don't feel as good as i used to, and as fluent i remember running but i'm keeping in mind that i'm 10yrs older!! I have noticed that all my speed has gone, and my ability to produce any turn of pace... And any incline really drains my legs. I feel fine on flat and heart & lungs easily manage it, but as soon as there's an incline my legs very quickly feel like lead.

    I defintiely recommend getting rid of all technology though. No pre planned routes, no thoughts on hitting certain distance, no timing, no recording and comparing - it has helped me to just run, with clear head and enjoy being out (loved it tonight in the rain). So definitely not returning to fitbits, mapmyrun, watches and i even haven't been looking at the time when i leave/return.

    So not a very MFW update, but an update none the less!!

    Night all.
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
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