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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 1,871Posts
    • 7,800Thanks
    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
    • July 2017 - £105,400
    • Aug 2017 - £104,300
    • Sept 2017 - £103,200
    • Oct 2017 - £102,100
    • 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; 15-06-2017 at 9:32 PM. Reason: Updated Goals
    MFW: Original June 2036 // Aim March 2025 - 27//120 payments // Avg Daily Interest £4.84
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £107,618.31
    MFiT-T4 #8 - 42.45% of £41,000
Page 95
    • shangaijimmy
    • By shangaijimmy 15th Jun 17, 11:02 AM
    • 1,871 Posts
    • 7,800 Thanks
    shangaijimmy
    Thanks all. It feels good to be back. The longer i wasn't on the more it was in the back of my mind that i need this to keep us on track. Baby SJ hit us for £1k more of maternity savings than i'd budgetted for e gone and we've been gradually paying it back to our savings. Please to say its now under £100 and will by this months pay.

    As ever summer is upon us and i've very much neglected the garden so i'm getting it sorted this weekend. I'm currently on a brew break from powerwashing the patio (its a big area, so very much a 4-6hr job). Im just dreading the cleaning up . I have the brush in cement ready for Sunday to! Then im going to tackle the mountain of baby plastic s**t that has accumulated in our garage.

    Ebay listings stand at 116, with 8 having bids on, and i reckon we have another 40-50 listings to put on.

    As for MBing, i ended up making £3,450 from June-June! But, and this is the thing that is driving Mrs SJ crackers... I cant bring myself to spend it! I just keep looking at the figure growing in the bank!

    Anyway, brew drunk, patio awaits.

    TT'd 44p this morning!!
    MFW: Original June 2036 // Aim March 2025 - 27//120 payments // Avg Daily Interest £4.84
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £107,618.31
    MFiT-T4 #8 - 42.45% of £41,000
    • PrincessLou
    • By PrincessLou 15th Jun 17, 11:26 AM
    • 494 Posts
    • 1,859 Thanks
    PrincessLou
    The number of Ebay listings you have up puts me to shame...I can barely put up 12 items without feeling fed up

    £3.450 from MB - that is incredible!! I must get Mr Lou into this Are there any negatives to MBing at all?

    Keep up the great work!
    Mortgage - £105,989.59
    • hiddenshadow
    • By hiddenshadow 15th Jun 17, 3:48 PM
    • 2,129 Posts
    • 9,586 Thanks
    hiddenshadow
    Welcome back!
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / June '17 £109,701 (£172 offset)
    Payment 41/84 / 2017 MFW #56: £9,967/£20,000 49% / MFiT-T4 #15: £49,798/£90,000 55%
    • shangaijimmy
    • By shangaijimmy 15th Jun 17, 9:26 PM
    • 1,871 Posts
    • 7,800 Thanks
    shangaijimmy
    Patio powerwashed and brushed, and i made a start on the garage by doing the first tip run! So feeling rather smug!

    I've updated the first post with some targets for year 3 of the diary. I've basically set a challenge of a net reduction of £1,100 per month as that will get me to magical figure of £99,999 at Christmas. To be honest i reckon I'll fall short by about £600, so ill say it now and you can all hold me to it...

    If I miss the target by less than £1k i will make this shortfall up with MB cash
    MFW: Original June 2036 // Aim March 2025 - 27//120 payments // Avg Daily Interest £4.84
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £107,618.31
    MFiT-T4 #8 - 42.45% of £41,000
    • shangaijimmy
    • By shangaijimmy 15th Jun 17, 10:11 PM
    • 1,871 Posts
    • 7,800 Thanks
    shangaijimmy
    Well just before i head up stairs for a shower i've checked our ebay listings and we currently have 11 items selling out of the 116, and 3 more days of auction to go.
    MFW: Original June 2036 // Aim March 2025 - 27//120 payments // Avg Daily Interest £4.84
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £107,618.31
    MFiT-T4 #8 - 42.45% of £41,000
    • AlexLK
    • By AlexLK 15th Jun 17, 11:26 PM
    • 5,669 Posts
    • 29,197 Thanks
    AlexLK
    Welcome back.
    Money saved 2017: £3330. Overpayments 2017: £500.
    Saved £11,000 in 2015, £9,800 in 2016.
    From £32,000 in debt on 2/9/2013 to debt free on 12/1/2015.
    • shangaijimmy
    • By shangaijimmy 16th Jun 17, 7:44 AM
    • 1,871 Posts
    • 7,800 Thanks
    shangaijimmy
    Well i gave myself a limit for £2k for a new car. Its our 2nd car so only for running kids around to school, clubs, parties and then for me to commute to work. Probably do about 6,000 miles a year. I'm going seeing one that's listed at £2,300 today, 41,000 miles on and 5 service stamps from dealership. Mentally i'm prepped to buy it, just have to prep for the haggle!!
    MFW: Original June 2036 // Aim March 2025 - 27//120 payments // Avg Daily Interest £4.84
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £107,618.31
    MFiT-T4 #8 - 42.45% of £41,000
    • EatingTheElephant
    • By EatingTheElephant 16th Jun 17, 8:09 AM
    • 976 Posts
    • 5,021 Thanks
    EatingTheElephant
    That's a great figure from MB and still ebaying like mad, well done.

    Good luck with the car negotiations later
    • Retro.Monkey90
    • By Retro.Monkey90 16th Jun 17, 11:54 AM
    • 39 Posts
    • 89 Thanks
    Retro.Monkey90
    Welcome back SJ! Reminded me I haven't been the best with my diary these days either. Glad to see you are still keeping at it with TT and OPs. Good luck with the car haggle
    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 16th Jun 17, 1:55 PM
    • 1,871 Posts
    • 7,800 Thanks
    shangaijimmy
    Car haggle hasn't happened as time has beaten me, so will have to move onto that on Sunday afternoon. A great positive for the day though is an unexpected refund of £214 from Gas & Leccy. Unfortunately there wont be a prize for the successful guess about where the money will be going, but please feel free to try...
    MFW: Original June 2036 // Aim March 2025 - 27//120 payments // Avg Daily Interest £4.84
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £107,618.31
    MFiT-T4 #8 - 42.45% of £41,000
    • A Frayed Knot
    • By A Frayed Knot 17th Jun 17, 12:27 AM
    • 1,993 Posts
    • 9,029 Thanks
    A Frayed Knot
    I've basically set a challenge of a net reduction of £1,100 per month as that will get me to magical figure of £99,999 at Christmas. To be honest i reckon I'll fall short by about £600, so ill say it now and you can all hold me to it...

    If I miss the target by less than £1k i will make this shortfall up with MB cash
    Originally posted by shangaijimmy
    £99,999 Oh good, glad to hear it, that means you can push to shove another 99, making it still under the £1K
    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 -£1274.71 so far
    • shangaijimmy
    • By shangaijimmy 17th Jun 17, 8:01 AM
    • 1,871 Posts
    • 7,800 Thanks
    shangaijimmy
    Its like a never ending spiral of mental torture to constantly round figures down!!
    MFW: Original June 2036 // Aim March 2025 - 27//120 payments // Avg Daily Interest £4.84
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £107,618.31
    MFiT-T4 #8 - 42.45% of £41,000
    • A Frayed Knot
    • By A Frayed Knot 17th Jun 17, 8:45 AM
    • 1,993 Posts
    • 9,029 Thanks
    A Frayed Knot
    Apologise for being a bit of a pain.

    Appreciate what works for me, won't work for everyone, just trying to encourage/push/nudge just that little bit more

    If everything works out, hope to pay mortgage off in 8 years, and on target with my crazy method of o/p'ing
    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 -£1274.71 so far
    • shangaijimmy
    • By shangaijimmy 17th Jun 17, 8:50 AM
    • 1,871 Posts
    • 7,800 Thanks
    shangaijimmy
    The difference between .00 and .99 is amazing isn't it!
    MFW: Original June 2036 // Aim March 2025 - 27//120 payments // Avg Daily Interest £4.84
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £107,618.31
    MFiT-T4 #8 - 42.45% of £41,000
    • lippy1923
    • By lippy1923 17th Jun 17, 11:02 AM
    • 1,204 Posts
    • 3,352 Thanks
    lippy1923
    Welcome back SJ. Glad to hear you are still on track. Getting under the £100k mark is a massive motivation. Keep going strong and you will get there.
    Total Mortgage OP £17,500
    House Value £240,000 Mortgage £95,156
    Emergency Fund £23,300

    • shangaijimmy
    • By shangaijimmy 17th Jun 17, 9:35 PM
    • 1,871 Posts
    • 7,800 Thanks
    shangaijimmy
    Thanks lippy, as ever though i can never seem to make up any ground on you!

    Long day in work today that included spending 200 miles of motorway when its 25deg outside! Hayfever has been appalling today so currently sat sulking amongst a mound of soggy tissues. 1 tablet a day since April and 2 per day this last week and it has no effect at all.

    9 ebay items sold today for £30.70 which is fab, £62 on MB and TT'd 77p!

    I have a booking to test drive a car tomorrow at 1.45pm. If it's as good inside as it looks on the pics and video's I'm determined to buy it. I'm sick of looking and just want it done with now. The price is great even if cant shave anything off, so definitely not cutting nose off for spite...
    MFW: Original June 2036 // Aim March 2025 - 27//120 payments // Avg Daily Interest £4.84
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £107,618.31
    MFiT-T4 #8 - 42.45% of £41,000
    • lippy1923
    • By lippy1923 17th Jun 17, 10:06 PM
    • 1,204 Posts
    • 3,352 Thanks
    lippy1923
    Good luck with the car!


    Hayfever, try some LOCAL organic natural honey. Apparently the local pollen to you will be in the honey and help you build up some sort of gradual immunity. My friend at work is convinced it works.
    Total Mortgage OP £17,500
    House Value £240,000 Mortgage £95,156
    Emergency Fund £23,300

    • shangaijimmy
    • By shangaijimmy 17th Jun 17, 10:18 PM
    • 1,871 Posts
    • 7,800 Thanks
    shangaijimmy
    Thanks for the advice but i've given up trying things! After 30+ years i just accept that for the month of June i'm mega grumpy (and tired)! For about 3yrs a herbal method worked fairly well, but even that has given up. Amazingly even Mrs SJ is sympathetic with my plight!
    MFW: Original June 2036 // Aim March 2025 - 27//120 payments // Avg Daily Interest £4.84
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £107,618.31
    MFiT-T4 #8 - 42.45% of £41,000
    • hiddenshadow
    • By hiddenshadow 18th Jun 17, 7:11 AM
    • 2,129 Posts
    • 9,586 Thanks
    hiddenshadow
    I hope the hayfever eases soon - DH is also suffering quite a bit.

    Hope the car purchase goes well.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,669 / June '17 £109,701 (£172 offset)
    Payment 41/84 / 2017 MFW #56: £9,967/£20,000 49% / MFiT-T4 #15: £49,798/£90,000 55%
    • shangaijimmy
    • By shangaijimmy 18th Jun 17, 9:10 PM
    • 1,871 Posts
    • 7,800 Thanks
    shangaijimmy
    Productive day all round. A few hours in work, but outside in the glorious sunshine. Then managed to buy the car (i think i've gotten a decent deal), then had a fathers day snooze!

    Followed it up this evening by grouting all the patio with this brush in stuff that's very effective, cheap and easy to use. £18 and a good once a year job.

    We sold 17 items on ebay this weekend, for £52.89, and i OP'd the weekly TT pot which was £5.76. Am shattered now so heading up for a shower and to watch the golf in bed until i fall asleep!

    I have a few MB things going on in the golf and will be cheering Garcia on to finish 7th or 8th which will make me £180. If he finishes anywhere else i'm in for 45p, so a good risk free bet!
    MFW: Original June 2036 // Aim March 2025 - 27//120 payments // Avg Daily Interest £4.84
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £107,618.31
    MFiT-T4 #8 - 42.45% of £41,000
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