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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 2,276Posts
    • 10,571Thanks
    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 - Actual £100,551 (£449 ahead)
    • 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; 02-12-2017 at 8:48 PM. Reason: Updated Goals
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
Page 111
    • shangaijimmy
    • By shangaijimmy 17th Sep 17, 8:50 PM
    • 2,276 Posts
    • 10,571 Thanks
    shangaijimmy
    Well i thought it was 2 days since i'd last posted and its actually 5! We're desperate for payday which is Friday, and we're so short of cash that i haven't even managed any TT's as we're into borrowed savings. Managed to sell a couple of things on ebay, and now have a new full bag of stuff ready for listing.

    Nothing to report really. We've been trying to spend as much time outside as possible given the impending dark nights and cold/wet/wind. So when finally home it's been shower and bed, asleep for 10.30 most nights!

    MB has been ok, but made a couple of big mistakes that have eaten into my monthly profit, and lots of the reloads havent come off. But should still get £300 for the month.
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 19th Sep 17, 8:39 PM
    • 2,276 Posts
    • 10,571 Thanks
    shangaijimmy
    Struggling with much to report on at the minute so thought i'd update on the whole bike situation... Those avid readers may recall a household dispute over Mrs SJ getting a biked. Now i had no issues with her buying a bike, more the cost of the one she picked etc...

    Well so far its been a resounding success, and she's literally out for an hour every night on it. So a great start and i'm very pleased for her (not too pleased that i seem to have been left to do bedtime for all 3 every night though...)!

    So money well spent so far. Well payday is Friday for Mrs SJ and Monday for me. I do need to do some accounts tidying up as new phone contract/provider and car paid off, so will hopefully get to that before the end of the week. I just don't seem to have much motivation on an evening at the minute to do anything other than dog walks and half watch sport!! Hopefully payday will spring me into life again as i have a Christmas target to achieve!!

    Night all.
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 25th Sep 17, 7:36 AM
    • 2,276 Posts
    • 10,571 Thanks
    shangaijimmy
    Well payday x 2 has arrived and our account in back in business!

    TT's back up and running with 41p today, and i managed ti OP the £1.73 that was in the TT pot. I've also OP'd the £50 cashback for our broadband switch. Finally I've paid back the £200 that we borrowed from savings. I'm hoping we can tighten up a bit this month, but not sure Mrs SJ will appreciate that thought!

    In terms of MB, with a week left of the month i think i may get to £300 profit which will add a nice £150 to the mortgage. I have to go away with work for a few weeks in October so the other £150 will pay for a big night out for me and Mrs SJ before I go. * Must make a note in my diary to order some flowers as its our anniversary whilst I'm away!
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • Silence101
    • By Silence101 25th Sep 17, 2:37 PM
    • 311 Posts
    • 471 Thanks
    Silence101
    I always seem to breathe a sigh of relief when money comes in. Glad to hear the bike is being used!
    09/17 Shared Ownership 50% share - Mortgage £77500 Original MFW 2052
    10/17 OP £108.01 /£100 11/17 £471.44/£100 12/17 £114/£100
    • shangaijimmy
    • By shangaijimmy 25th Sep 17, 8:58 PM
    • 2,276 Posts
    • 10,571 Thanks
    shangaijimmy
    Totally with you on breathing out... its just a shame it doesnt last that long!

    Long day today, but a NSD which is always with of a mini fist pump. Need to spend some time on our budget later as we've been a bit lax, and i've got a few standing orders to sort. I borrowed some savings go pay for my car in June, which was 3 months earlier than planned. So now i've paid off car number 1 i can redirect that cash to car number 2. So spreadsheet and standing orders fiddles for me tonight, which i always enjoy! I may even bore Mrs SJ by making her look at our budget so she knows where we are upto.
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 27th Sep 17, 7:37 AM
    • 2,276 Posts
    • 10,571 Thanks
    shangaijimmy
    Budget and standing orders sorted, and an early glance at OP's for September i think we'll settle on about £660 - still on course for below 100k at New Year! Couldn't enlist the eyes of Mrs SJ though!

    I've TT'd 30p this morning, and it feels good to have cash in the bank to TT again...though we'll see how long it lasts!
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 27th Sep 17, 8:52 PM
    • 2,276 Posts
    • 10,571 Thanks
    shangaijimmy
    Long day negotiated today and have 2 days off now . I've worked the last 13 so am definitely due!

    Dog walk, snooze and tidy up The garden is all that I've planned.

    NSD today so a great start to post payday. I'm also counting down the days to posting September accounts, and then submitting my MFi3 figures. A touch early but I'll be away when they are due.

    Next on the horizon is house insurance.
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • A Frayed Knot
    • By A Frayed Knot 27th Sep 17, 9:10 PM
    • 2,133 Posts
    • 9,583 Thanks
    A Frayed Knot
    Enjoy your days off - well earned, while I start back tomorrow after 5 days off.

    Laying low as lots going on in my head.
    • greent
    • By greent 28th Sep 17, 9:20 AM
    • 6,506 Posts
    • 65,668 Thanks
    greent
    Glad to hear Mrs SJ is using the bike - she's probably already used it more than I ever did mine!

    Have a well earned couple of days off
    x
    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) £5278/£3286
    Net sales 2017 £1259.72/£500 PAYDOX17 £12239/£10k Decluttered 1870/2017 items
    • shangaijimmy
    • By shangaijimmy 29th Sep 17, 5:40 PM
    • 2,276 Posts
    • 10,571 Thanks
    shangaijimmy
    Well the rain scuppered my outside jobs (i have to confess that i wasn't devastated at that though), so managed a few inside jobs spread around dog walks. I did manage to burn my finger on the hoover (i'm not going to embares myself any further by explaining).

    In money news i TT'd a huge 30p this morning!
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • jodles16
    • By jodles16 1st Oct 17, 11:08 AM
    • 1,315 Posts
    • 3,962 Thanks
    jodles16
    Still doing amazingly well SJ! So exciting you will be sub 100k! Fantastic!

    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • Retro.Monkey90
    • By Retro.Monkey90 3rd Oct 17, 9:07 AM
    • 69 Posts
    • 219 Thanks
    Retro.Monkey90
    Excellent progress SJ! I feel like we need another long, hard look at our budget and spending again as with all the money shooting off all over the place with our new mortgage, I have no idea what we are actually spending! Think I will get a shock....at least my TTs give me solace
    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 5th Oct 17, 8:40 PM
    • 2,276 Posts
    • 10,571 Thanks
    shangaijimmy
    With you on that one retro. We seemed to leak money in September. It happens every now and again and a good budget session always helps to bring things back on track. Hopefully we can bring ours back before the Christmas spend kicks in.
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 5th Oct 17, 8:49 PM
    • 2,276 Posts
    • 10,571 Thanks
    shangaijimmy
    September - Month 30
    A few days late but here goes with our September accounts:

    Monthly Figures
    • Closing Balance - £102,735.93
    • Total OP's - £704.81
    • Net Reduction - £1,186.38
    • Daily Interest - £4.62 (5p reduction)
    • LTV - 47.02%
    • % Loan Remaining - 76.41%

    Diary Figures
    • Cumulative OP's - £17,684.52
    • Cumulative Net Reduction - £32,077.72
    • Average OP's - £589.48
    • Average Net Reduction - £1,069.26
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • A Frayed Knot
    • By A Frayed Knot 5th Oct 17, 10:16 PM
    • 2,133 Posts
    • 9,583 Thanks
    A Frayed Knot
    Well done on the scores on the doors

    Your nearly hitting that 5 figure mark - can see within easy reach


    a quarter of the way on your 120 payments challenge
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • Jessy103
    • By Jessy103 6th Oct 17, 9:45 AM
    • 468 Posts
    • 1,981 Thanks
    Jessy103
    Great figures SJ! Not be long until you're under £100K!!! I hope you're going to cross it off the chart in a special colour to mark the occasion!
    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 8th Oct 17, 11:16 AM
    • 2,276 Posts
    • 10,571 Thanks
    shangaijimmy
    1/4 through already, wow! Of those 90 payments left im determined to shave 10-12 off that. And as for a special colour i think it deserves a new printed off chart!!

    Work getting in the way of life at the minute. I go away for 24 days with work tomorrow and the prep work in the lead up has been intense. Curently at a trampoline centre with DS 1& 2 working out how to tell them tonight that im going away!! Have left it to tonight figuring there's no point upsetting them for longer.

    TT'd £1 this morning and OP'd ladt weeks pot of £4.36 to start Octobers exploits.
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
    • Moneyfordreams
    • By Moneyfordreams 8th Oct 17, 11:44 AM
    • 902 Posts
    • 4,420 Thanks
    Moneyfordreams
    Hope work goes well for you.

    24 days is a long time to be away. our little GD (3 3/4 yrs) barely noticed her mum was on holiday last month. Her mum has gone to NYC with work today as is excited for her sleepovers.... admittedly only 5 days. Hurrah for whats app and facetime.

    Best wishes to your and mrs SJ
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £158200
    h@lifax CC £4300 0% until May 2018.. will pay minimum for now, slow stooze
    CC daughter gift and holiday spends £2200
    • michelle09
    • By michelle09 8th Oct 17, 5:52 PM
    • 451 Posts
    • 1,802 Thanks
    michelle09
    So close to the 5 figures, that's wonderful!
    • shangaijimmy
    • By shangaijimmy 14th Nov 17, 1:43 PM
    • 2,276 Posts
    • 10,571 Thanks
    shangaijimmy
    Well 24 days away... then a mad 10 days in work when i came back, i'm just now breathing out again!

    Taking a rare opportunity of a lull in work as our server is currently down, and this post is the notice that i'm back and raring to go for that sub £100k push in 7 weeks

    I have updated my spreadsheet for October, and fortunately there isn't too much damage from me not being here. I'll publish October accounts tonight and then update the mortgage free groups.

    Hope everyone is all sorted for Christmas I'm certain Mrs SJ has got it all covered
    MFW: Turning June 2036 into March 2023... 33//120 Payments Challenge, Diary Reduction £35,448.08
    Aug 2009: £163,051 // Current: £100,551.94 // Avg Daily Interest £4.52
    MFiT-T4 #8 - 56.74% of £41,000
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