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  • FIRST POST
    • Thistlewhistle
    • By Thistlewhistle 10th Aug 15, 1:18 PM
    • 1,017Posts
    • 7,203Thanks
    Thistlewhistle
    Thistle grasps the nettle! Again....and no sting this time!!
    • #1
    • 10th Aug 15, 1:18 PM
    Thistle grasps the nettle! Again....and no sting this time!! 10th Aug 15 at 1:18 PM
    Hello there

    I've been dibbing in and out of the forum for longer than I care to remember and I've even dabbled in the odd diary here and there, but never managed to see it through, primarily because life always gets in the way. Who else recognises that feeling?!!

    Anyway, I've been doing some serious thinking about where I am in life, where I want to be, and how I'm going to get there (whilst trying to ignore the little voice in my head telling me I should have started 20 years ago!) Reading Midnight Child's diary and seeing how clued in he is, has relit my fire and prompted me to have another go.......

    So here we go!

    About me:

    I'm currently 43½ years of age and I live on my own in a two bedroomed terrace in a northern town, which I purchased 8 years ago for £95,000 with a deposit of £5,000 which I'd saved with a little help (a lot of help actually!) from Bank of Mum, Bank of Dad and Bank of Granny!

    I have a partner of nearly 4 years, who is my soulmate. He's not as savvy with his pennies as I am, but our finances are completely separate at the moment - maybe this will change in the future.

    Income

    I am self-employed as a franchisee and have 2 main streams of income within this framework, (one which is relatively fixed and one which can vary a lot depending on season) along with a few "extras" which come in from time to time from other things I do.
    If I hit certain targets, I can achieve large bonuses.

    Expenses

    I am not extravagant by any stretch and usually live well within my means. I try to plan for the future but never seem to achieve anything major, like finally paying of Credit Cards, or building an Emergency Fund etc.

    I currently overpay £102 a month on my mortgage each month, every month, and I've done my best to shave all my monthly outgoings to a minimum. I'm not able to re-mortgage at present as I don't have enough equity in my house yet, so this is something I'd like to work on as it'll give me options.

    I currently use YNAB software to help me budget and have been doing so for 8 months now. Best £37 I've spent in ages as it really helps me to see where my money goes. I record on it, my business finances and personal finances too and it's saved me a lot and helped me get my CC debts down. More about this in a future post.

    My goals:

    First goal is to work towards paying of my CC debt once and for all.
    It's all on 0% cards which saves me buckets but the downside of this is that there's no urgency to clear the balances.
    This needs to change!

    Second goal is to build an emergency fund (and to carry out some long overdue house maintenance too).

    Third goal is to then work on the mortgage.

    I'm lucky in that if I want a payrise, I just need to get off my backside and go out and promote my business and this will do the trick. It'll also help me achieve my bonuses too.

    Well, that's enough for now - if you're still reading then well done - I've not bored you senseless!! Or maybe I have but you're a glutton for punishment!!

    Please pop by and see how I'm doing - I need all the encouragement I can get!

    Thistle xxx
Page 12
    • Thistlewhistle
    • By Thistlewhistle 4th Apr 17, 7:54 AM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    Morning all,

    First banking day of April and yes, the monthly slashing off the bank balance as the direct debits have all gone out. I'm doing ok though as this money was put aside out of March's big pay check. I'm working on getting it so that I have put money aside from a pay check plus one, so February's money pays April's bills and March's money pays May's.
    YNAB tells me my Age of Money is now 43 days so I'm well on the way with this.

    Council tax went up by £6.82 but my vehicle service plan went down by £7 so happy days!! Aprils water bill is always erratic as it mops up the balance from the year. So I'm kind of on an even keel.

    I've discovered I eat out far too much, not in expensive restaurants, but I have a lot of carveries (£7 a time) and visits to morrisons cafe. It's becUse my house is such a mess that I can't face cooking. It's easier to just go out. It saves time too but it's not where I want to be. I think it's all part of how I'm feeling about myself. Something I need to think about and tackle.

    Anyway, must dash - Tuesday is SW day with groups at 9:30am, 5pm & 7pm, and I have Pilates at 11:30am and a gym session with my PT at 2pm. All designed to raise my self image and self esteem.

    Busy busy busy!!

    Have a great day everyone and thanks for all your support.

    T
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • Thistlewhistle
    • By Thistlewhistle 4th Apr 17, 7:57 AM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    In other news, by scrimping and saving and putting the money aside when I decided not to have takeaways and stuff, I've got £400 to throw at the credit card debt this month. This will take me to sub £2,000 which will feel amazing!

    Little victories!!

    Hope to have this gone by Christmas!!

    Tx
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • Thistlewhistle
    • By Thistlewhistle 6th Apr 17, 5:00 AM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    Morning all

    Well I don't know what's going on but I'm lying here at 04:49 and I'm absolutely wide awake and have been since 4am. Must have a mind full of stuff but I can't pinpoint what's keeping me from sleep. I don't feel tired though so might make a cup of tea.

    I've really increased my exercise this week, having done Pilates on Tuesday and a session in the gym with my personal trainer Tracey. She's awesome but made me work hard! Still a bit sore but I don't think it's that that's keeping me from my slumbers.

    Anyway, today's jobs involve me sitting at my desk doing more support for my SW members and then at 5pm I'm attending another group to do a development visit with feedback to another consultant on my team who is just lovely so this will be a no trouble at all.

    A fun packed day. Mr Pickle, my other half, has made his loan repayment so I've moved his £150 straight to my CC. I've lent him money to buy his beloved Bechstein Grand piano which is just beautiful to play. He wanted to get a loan but I said why pay interest and lent him the £3,000 he needed. He put £1500 in himself.
    My CC was on 0% anyway. YNAB tells me I now need to find a further £57.99 to be on target for a December CC clearance. Easy Peasy!!

    Have a good day all.......now for a 5am cup a!!

    T
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • Busy Mee1
    • By Busy Mee1 6th Apr 17, 9:35 AM
    • 367 Posts
    • 1,325 Thanks
    Busy Mee1
    I could have joined you for that cup of tea this morning ! I keep waking up at 3:50 am but I am trying not to get up now and just lay there. I eventually do go back to sleep but usually about half an hour before the alarm goes off grr.
    The exercise and gym work with your PT sounds great and brilliant for making you feel stronger in body and mind. Great budgeting too - I have never used YNAB but like my own system. I guess it is whatever works for you.
    • Thistlewhistle
    • By Thistlewhistle 6th Apr 17, 1:37 PM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    I could have joined you for that cup of tea this morning ! I keep waking up at 3:50 am but I am trying not to get up now and just lay there. I eventually do go back to sleep but usually about half an hour before the alarm goes off grr.
    The exercise and gym work with your PT sounds great and brilliant for making you feel stronger in body and mind. Great budgeting too - I have never used YNAB but like my own system. I guess it is whatever works for you.
    Originally posted by Busy Mee1

    Thanks for stopping by BusyMee1, if I'd known you were there, i'd have poured you a cup too!

    I love YNAB - I like the functionality of having it on my phone so I can record my spending as it happens. It's really made me aware of where my money goes each week.

    T
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • Thistlewhistle
    • By Thistlewhistle 6th Apr 17, 1:56 PM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    Afternoon all,

    Just had a lovely email from PayPal....

    A couple of months ago I was chucking out a whole load of stuff and I came across 8 out of date printer cartridges for a printer I no longer have.
    I chanced my arm and put them on eBay with full descriptions of how out of date they were and they still sold for about £40!!

    Email from paypal today says the money can be withdrawn so I've just transferred £33.96 into my S@nt@nder A/c and allocated it to my CC debt on YNAB. What a nice surprise for a Thursday!

    I now only have to find £24.03 to meet my April repayment target but I'm guessing I'll trash that as it's only 6th April today. Of to find some other stuff to list - you never know! I have loads of old Star trek Voyager videos I can't watch anymore as I have no video recorder. Someone might be collecting......

    Thistle
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • Tilly MFW in 6 YRS
    • By Tilly MFW in 6 YRS 6th Apr 17, 6:02 PM
    • 7,744 Posts
    • 86,419 Thanks
    Tilly MFW in 6 YRS
    Great news re the cartridges

    Hope your sleep patterns improves. Don't make me a cup past 5am - I'd punch you


    Tilly xxxx
    2004 £387k 29 years - MF March 2033
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15
    • Thistlewhistle
    • By Thistlewhistle 6th Apr 17, 10:31 PM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle

    Don't make me a cup past 5am - I'd punch you


    Tilly xxxx
    Originally posted by Tilly MFW in 6 YRS
    I shall bear that in mind Tilly!! I saw what you did to your mortgage!



    Thistle
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • Thistlewhistle
    • By Thistlewhistle 6th Apr 17, 10:41 PM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    Evening all,

    I'm working hard on procuring my monthly bonus this month. Basically I have 4 more weeks to achieve the criteria that I need to be in the running, and then my team have to achieve a certain level too:

    70% of them over the line will mean £400 bonus
    85% of them over the line will mean £800 bonus
    100% of them over the line will mean £1200 bonus

    So far at the end of Week 1, I am
    70/250 and 53/350
    or
    70/350 and 53/250
    depending which way I flip it.

    That probably makes no sense to anyone but me!

    The spoils are there for the taking!

    T
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • Thistlewhistle
    • By Thistlewhistle 11th Apr 17, 8:20 AM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    Morning all,

    Crikey, it's Tuesday again! That's come around quick! Off to support my lovely band of SW members this morning. We had 70 in last week thanks to the holidays so expecting the same this morning. Busy busy!!

    In financial news, I've banked the £2 coin collection which came to £724. This has been allocated on YNAB to holiday fund as OH and I are off to Holland in June. May just have a managed to get Eurostar tickets for £29 each way. Bargain!!

    My pension contributions go up in June by £1.53 (indexation apparently!) - I might need to look at increasing this if I don't want to be living off beans and rice when I reach 65 (or 70 or whatever the retirement age will be by then) - it's 20 years off yet! Fortunately being self employed I can just keep working!

    Mega-wage payment day tomorrow where I receive money for supporting my team. This is the money I pay forward to clear next month's bills. It's been a long time coming this month it feels.

    Cheesed off yesterday - I've bought OH his birthday present (£99) but I should have bought it last week when apparently it was on special offer (£60) so my procrastination has cost me £39 and that's 2/3 of a tank of diesel.

    Note to self!

    Have a good day!
    T
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • Thistlewhistle
    • By Thistlewhistle 12th Apr 17, 8:57 AM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    Morning all,

    Yay! Big pay day today and it's been a long time coming it feels.
    Transferring the money across from my business account to my personal account and then allocating it on YNAB. I use this big pay day to put money aside for next month's direct debits, and then allocate the balance to my longer term obligations (annual expenses like travel insurance, car insurance, car tax, etc. ), then I try to live off my weekly group earnings for stuff like groceries, diesel, dining out etc.

    It seems to work for me. I overpay my mortgage by almost £200 a month and have done for ages - that's shaving off more than 10 years from the MFD. woohoo!!

    Any little bits and bobs I try to save to my £1,000 Emergncy Fund for Dave Ramsey Baby Step 1. I'm kind of doing Baby steps 1 & 2 together, 2 being pay off the credit cards. Doing ok with this. Hope to be CC debt free by Christmas. Then I'll clear the new boiler balance (about £900) and then I'll start tackling the car finance.

    Enjoy your Wednesday!

    T
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • Thistlewhistle
    • By Thistlewhistle 12th Apr 17, 8:59 AM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    Just checked the bank and wage isn't showing yet. Hurry up!!
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 12th Apr 17, 10:21 PM
    • 3,865 Posts
    • 35,833 Thanks
    Secret Saving Squirrel
    I hope it is there now! Everyone loves a big payday!
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • Thistlewhistle
    • By Thistlewhistle 12th Sep 17, 11:35 AM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    Morning all,

    Well after 5 months of not posting on here, I'm back. So many things have changed for me in the last few months, not least, I have given up a huge part of my income in favour of getting back more free time in my life. I've been having a bit of counselling to try and discover why I was so unhappy and my lack of any kind of work life balance was just not helping.
    So I took the step to give up my team role and just concentrate on running my SW groups. This is where I am happiest and so, although money is going to be tight for a bit until I can grow my groups, I am now in a much happier place, and have spare time to do things that are important to me.

    So I'll be popping by on here more because I have the time to do it, and I'll be sharing all the things I'm still wanting to achieve money-wise.

    It's good to be back in the land of the money saver!!!

    Tx
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • Betterthanever
    • By Betterthanever 12th Sep 17, 2:19 PM
    • 175 Posts
    • 604 Thanks
    Betterthanever
    Welcome back!
    Former DFW Need 230. Determined to be MF.
    Current balance £116,878.11. Offset £1034.
    end date - 03/29 aiming for 10/22

    Bring it on!
    • Tilly MFW in 6 YRS
    • By Tilly MFW in 6 YRS 12th Sep 17, 6:40 PM
    • 7,744 Posts
    • 86,419 Thanks
    Tilly MFW in 6 YRS
    Hi Thistle, good to see you posting and thanks for your PM.

    Take it easy xxxx
    2004 £387k 29 years - MF March 2033
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15
    • Jessy103
    • By Jessy103 13th Sep 17, 10:33 AM
    • 437 Posts
    • 1,857 Thanks
    Jessy103
    Hi thistle! I've subscribed so I can follow and will you on!! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount July 2017 - £62,900.00
    Overpayment Target for 2017 - £5,000 /£3,679.09
    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
    • Thistlewhistle
    • By Thistlewhistle 14th Sep 17, 1:34 AM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    Hi thistle! I've subscribed so I can follow and will you on!! x
    Originally posted by Jessy103
    Welcome along Jessy103

    T
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
    • greent
    • By greent 14th Sep 17, 12:20 PM
    • 6,191 Posts
    • 62,680 Thanks
    greent
    Welcome back thistle 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) £4151/£3286
    Net sales 2017 £1152.39/£500 PAYDOX17 £11333/£10k Decluttered 1515/2017 items
    • Thistlewhistle
    • By Thistlewhistle 15th Sep 17, 10:10 AM
    • 1,017 Posts
    • 7,203 Thanks
    Thistlewhistle
    Welcome back thistle x
    Originally posted by greent
    Many thanks Greent. It's been a long arduous five months in terms of my health but I'm focused again now with a simpler job role which has made me able to take time out to do the things that are important to me.

    Back using YNAB again which really focuses my attention on my finances and keeps me on track.

    Hope you're doing ok too.

    T
    Mortgage at end 05/2007: £90,200
    Mortgage at end 08/2017: £74,230 paid £15,970 (17.70%)
    MFD: Original:05/2042 Projected:08/2031 saving 10yr 9 mth

    CC Debt (0% until 06/2020): £5,640 : £2,369 to go (40% cleared)To clear by 12/2017 or sooner!
    Dave Ramsey Baby Step #1: £0,322/£1,000 (32.2%)

    Age of Money at 31/03/2017 = 40 days

    YNAB is changing the way I live my life....and spend my money!!
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