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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 2,346Posts
    • 11,232Thanks
    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,
    Thanks for popping and helping me to stay motivated. This would be the 3rd version of the opening post, but is reflective of where we are currently at. Lots has changed over the last 3 yrs, not least adding a 3rd child to our household!

    This post details my current goals, and as it seems a shame to ignore previous achievements I've summarised them below. This is a 120 payment challenge which would knock 11yrs off our initial draw down of 30yrs. I'm hoping for 100 payments so we'll see how we progress!

    Achievements - 34 payments
    • Balance - £99,371.84
    • Diary Reduction Total - £36,628.18
    • Cumulative Overpayments - £20,308.75
    • Monthly Average Overpayments - £597.32
    • Monthly Average Net Reduction - £1,077.30

    Long Term Targets
    • 5yr/60th payment - £86,000
    • 7yr/84th payment - £38,000
    • 9yr/108th payment - £7,000

    Targets for 2018
    • Jan 2019 - £98,200
    • Feb 2018 - £97,000 (End of Yr 3 Balance £39k diary reduction)
    • Mar 2018 - £95,800
    • Apr 2018 - £94,600
    • May 2018 - £93,400
    • June 2018 - £92,200
    • July 2018 - £91,000
    • Aug 2018 - £89,800
    • Sept 2018 - £88,600
    • Oct 2018 - £87,400
    • Nov 2018 - £86,200
    • Dec 2018 - £85,000
    Last edited by shangaijimmy; 05-01-2018 at 11:47 AM. Reason: Updated Goals
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
Page 95
    • shangaijimmy
    • By shangaijimmy 16th Jun 17, 7:44 AM
    • 2,346 Posts
    • 11,232 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: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • EatingTheElephant
    • By EatingTheElephant 16th Jun 17, 8:09 AM
    • 1,191 Posts
    • 6,495 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
    • 69 Posts
    • 219 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
    • 2,346 Posts
    • 11,232 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: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • A Frayed Knot
    • By A Frayed Knot 17th Jun 17, 12:27 AM
    • 2,199 Posts
    • 9,901 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 £4068.97
    • shangaijimmy
    • By shangaijimmy 17th Jun 17, 8:01 AM
    • 2,346 Posts
    • 11,232 Thanks
    shangaijimmy
    Its like a never ending spiral of mental torture to constantly round figures down!!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • A Frayed Knot
    • By A Frayed Knot 17th Jun 17, 8:45 AM
    • 2,199 Posts
    • 9,901 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 £4068.97
    • shangaijimmy
    • By shangaijimmy 17th Jun 17, 8:50 AM
    • 2,346 Posts
    • 11,232 Thanks
    shangaijimmy
    The difference between .00 and .99 is amazing isn't it!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • lippy1923
    • By lippy1923 17th Jun 17, 11:02 AM
    • 1,235 Posts
    • 3,441 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 £250,000 Mortgage £91,758
    Emergency Fund £29,200

    • shangaijimmy
    • By shangaijimmy 17th Jun 17, 9:35 PM
    • 2,346 Posts
    • 11,232 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: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • lippy1923
    • By lippy1923 17th Jun 17, 10:06 PM
    • 1,235 Posts
    • 3,441 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 £250,000 Mortgage £91,758
    Emergency Fund £29,200

    • shangaijimmy
    • By shangaijimmy 17th Jun 17, 10:18 PM
    • 2,346 Posts
    • 11,232 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: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • hiddenshadow
    • By hiddenshadow 18th Jun 17, 7:11 AM
    • 2,394 Posts
    • 10,859 Thanks
    hiddenshadow
    I hope the hayfever eases soon - DH is also suffering quite a bit.

    Hope the car purchase goes well.
    MFW: £197,100 (2013) to £103,848 (Jan '18)
    2018 MFW #56: £798/£105,000 0% / MFiT-T4 #15: £55,652/£90,000 61%
    • shangaijimmy
    • By shangaijimmy 18th Jun 17, 9:10 PM
    • 2,346 Posts
    • 11,232 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: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 19th Jun 17, 7:47 AM
    • 2,346 Posts
    • 11,232 Thanks
    shangaijimmy
    A quick post to confirm that this diary is a good omen! In the face of my return I've had an unexpected £214 refund from British Gas and this morning £98 from quidco, which i had totally forgotten about!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 19th Jun 17, 9:49 PM
    • 2,346 Posts
    • 11,232 Thanks
    shangaijimmy
    £1TT to start the weekly pot off. Bank account is looking slightly anaemic today but payday is Friday so all things improve. Unfortunately paying out day is next Monday, but to end on a positive MFW accounts posting is 12 sleeps away! Am looking forward to it as its the first one since Dec 16.

    Car insurance re-quote is in for our multi-car policy and unfortunately its a good one. I say unfortunate as it means i'm unlikely to get any cashback!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 20th Jun 17, 8:20 PM
    • 2,346 Posts
    • 11,232 Thanks
    shangaijimmy
    A few little financials to report today. Firstly I made about £18 on MB from a couple of Ascot offers. Secondly i got round to OPing the £200 from British Gas refund (we're Sainsburys really as its cheaper, but the cash goes to and off British Gas). As we stand i'll be looking at an OP total of £843 which is an amazing start to restarting the diary. Lastly we've had 2 bids on our ebay relists that finish on Sunday.

    Its 3 more sleeps to payday and new car. Its 9yrs old but only 41k miles on it (retired couple who basically used it for shopping). In readiness i sorted car insurance out and thankfully no administration charges for changing the car over. Our re quote does go up a little bit but there is an extra seat in the new car so to be expected I'll do a search and see if i can get it cheaper but im not expecting to £535 for a mutli car policy seems a good deal overall.

    In non financials my hayfever has been atrocious now since Thursday and i have to say that i'm exhausted from it. Constant nose blowing and sneezing alongside very disturbed sleep is wearing me down! Considering a beach hut for the month of June next year!!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • chumpy45
    • By chumpy45 20th Jun 17, 9:22 PM
    • 315 Posts
    • 1,369 Thanks
    chumpy45
    Great steps on the MB and ebay. I have recently sold my first three items on Ebay so feeling a little smug, but my efforts pale into insignificance compared with your mega number of listed items . Hope the hayfever is easing a little. My DH has been sneezing and snorting for days now too and is also leaving trails of tissues and nasal sprays in his wake, so I do sympathise.
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017;
    • shangaijimmy
    • By shangaijimmy 20th Jun 17, 9:26 PM
    • 2,346 Posts
    • 11,232 Thanks
    shangaijimmy
    Thanks Chumpy. We've only got so many items as we've got 3 kids that keep growing out of things far too quickly! We have found a good method that works...Mrs SJ sorts the clothes and then takes pictures on my ipad, for me to follow up and list a few items at a time when Mrs SJ is watching a horror film!
    MFW: Turning June 2036 into March 2023... 34//120 Payments Challenge, Diary Reduction £36,628.18
    Aug 2009: £163,051 // Current: £99,371.84 // Avg Daily Interest £4.46
    MFiT-T4 #8 - 56.74% of £41,000
    • EatingTheElephant
    • By EatingTheElephant 21st Jun 17, 7:16 AM
    • 1,191 Posts
    • 6,495 Thanks
    EatingTheElephant
    That OP pot is looking very healthy

    Hubby is suffering with hay fever too, although luckily his eases a bit with the nasal spray and eye drops. Hope you find some relief soon.
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