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  • FIRST POST
    • Busy Mee1
    • By Busy Mee1 1st Apr 16, 10:34 AM
    • 236Posts
    • 728Thanks
    Busy Mee1
    Getting a Grip and Saving towards the mortgage
    • #1
    • 1st Apr 16, 10:34 AM
    Getting a Grip and Saving towards the mortgage 1st Apr 16 at 10:34 AM
    It is nearly a year since I last posted - due to a combination of work and losing my log in details However I am back with my sleeves rolled up bcause the new Personal Savings Allowance means I can start getting my hands on some of the lovely bank accounts that are now on offer without having to pay the taxman.
    So a potted history of me and mine - we are me, OH, DS (25) and DD (23) who since I last wrote has moved in with her boyfriend but I am still financially supporting as she is in her last year at university. Son is financially independent, still living at home but looking to buy his own place shortly.
    We have a large mortgage because we built out own house 7 years ago. We do however have a great mortgage deal - a lifetime tracker of 0.69% so instead of overpaying the mortgage I put any spare cash into higher paying ISAs and have until now been looking longingly at some of the higher rate current accounts - we are both higher rate tax payers so have been pointless using anything but ISAs until now.
    The numbers:
    Mortgage debt: Jan 15 £288778.23. March15 £286,217.61. Jan 16 £277958.44
    March 16 £275,920.98

    Savings: Jan 15 £22080.81 March 15 £25,790.53 Jan 16 £34,361.10 March 16 £36966.91

    So as you can see although I haven't been posting I have kept up the saving, averaging £1000 per month.
    I also set myself a goal of losing a stone and I have lost a stone and a half
    I think setting goals in writing on here really worked for me and so I am back
    Last edited by Busy Mee1; 01-04-2016 at 11:31 AM.
Page 9
    • try harder
    • By try harder 12th Oct 16, 1:35 PM
    • 296 Posts
    • 809 Thanks
    try harder
    Hi busymee1 ,you sound very busy ,i hope all is going well,you have done amazingly well to reach such a high figure ,well done.I have not been around since August due mainly to losing my password and also with life in general ,i was busy with the children over the summer holidays ,two children off travelling ,gardening ,work in the house and so the list goes on but i really missed the diary and the support ,it definitely keeps me on the straight and narrow .I have been reading the diaries every day but was unable to comment so i am very happy now to be back .I hope that you manage to find time to write in your diary ,i find you very inspiring .
    • Busy Mee1
    • By Busy Mee1 18th Oct 16, 7:27 AM
    • 236 Posts
    • 728 Thanks
    Busy Mee1
    It has been a while ....
    Hi Try Harder, it is lovely to see you back. I will pop along to your diary later for a catch up.

    So it has been a while since I last posted. Work continues to be busy and I have had some worries at home, and I just feel like I haven't had much space in my head for anything else.
    My boss who normally behaves like an overgrown toddler has finally spat his dummy out completely and resigned. This means that I am doing his job for a while, as well as my own. It does mean some extra money but not enough really for all the extra work. I have also been really worried about my DD as she and her partner have been going through a rough patch, they seem much better now but I just can't help worrying...

    I have however carried on with my MSE activity, but I haven't been quite so focused. I suddenly realised I hadn't updated my spreadsheets for at least two weeks.....the shame
    Anyway Operation Eb@y finished on Sunday, making a grand total of £233.44 . I am really pleased with this but glad my Eb@ying is finished for this year, I do find it a bit tedious. I also got around to switching my two Donor accounts ( currently with COOP) to the H@lifax. I am really impressed with the H@lifax, I applied for the accounts on Thursday and the switch is set for 21 October and the first £100 was paid in on Monday ! Talk about efficient and if anyone needs to get their hands on a swift extra £100 this is the way to do it. My Donor accounts have now gained me £250 each, so £500 in total and I intend to do a another switch before the end of March. I am also waiting on some TCB for the C@@P accounts but I am not sure whether this will pay out, there are some mixed experiences over on the Banking Forum.
    Having some targets continues to be a real motivator, the reason I applied for the switching bonuses is because I am a couple of hundred pounds short of hitting my £1000 saving target this month. Hopefully I am now back on track.

    So I think that is all, I will be back to update my October figures and then I will be away for most of November. I hope to be back then with a vengeance and some new targets
    • Kittenkirst
    • By Kittenkirst 18th Oct 16, 1:38 PM
    • 1,183 Posts
    • 5,470 Thanks
    Kittenkirst
    Fantastic work on the ebaying and I totally understand when you say it's tedious, the extra pennies are great but all the photography, listing, questions and posting is rather long winded
    Emergency savings- £905.20 /£1750
    Mortgage Oct '16- £170.995 LTV- 90% end date Nov 2041
    2016 OPs £255.50/£150
    2017 MFW #20 - OP [B]£643.54/2150. 29.9%[/
    Jan- £68.15, Feb- £306.67, March- £268.72
    • try harder
    • By try harder 18th Oct 16, 2:00 PM
    • 296 Posts
    • 809 Thanks
    try harder
    Sorry to hear about the worries at home ,strangely enough i have had similar worries with one of my daughters but things seem to have settled down again now but we will have to see ,all we can do is support them when they wish to talk about things but i find myself wanting to make everything right as i did when they were all small but sadly its not so easy now.You stick at it ,you have done amazingly well with your savings ,i will miss seeing you around in november but hope you have a wonderful time and be back in december with your usual enthusiasim not sure if i spelt that correctly .Looking forward to seeing your october figures busymee1.
    • try harder
    • By try harder 15th Nov 16, 3:00 PM
    • 296 Posts
    • 809 Thanks
    try harder
    Hi buymee1,i hope you are ok ,im not sure if you are away on holiday or with work etc but hope all is going well and look forward to seeing you back soon
    • Busy Mee1
    • By Busy Mee1 28th Dec 16, 11:34 AM
    • 236 Posts
    • 728 Thanks
    Busy Mee1
    I'm Back !
    I am going to sneak back in quietly in the hope that no one will notice how long I have been missing..... So my excuses..... We went travelling for 3 weeks...spent too much money but had a fantastic time and don't regret a penny spent. When we came back work has been really busy and will continue to be so through January. I am enjoying the breathing space Christmas is providing.
    Also there had been a change in circumstances at home DD has returned for good having split up with her boyfriend and DS house still hasn't been built and it is unlikely to be ready until March......so much for my empty nest by Christmas 2016.
    Despite a bit of a blip in spending whilst on holiday we have generally kept up to our MSE habits and I intend to focus again in January for the New Year. Our savings towards the mortgage this year have been £10k and we have also knocked £10k off the mortgage in repayments.
    So the figures for 2016 are as follows:
    Mortgage: £252,175.48
    Savings. £42014.30
    Saving:Mortgage 16.66%

    I am slightly disappointed that we only saved £10k towards the mortgage this year but we were slightly scuppered by the building work and painting that cost us £6k ( not to mention the holidays!) . So must try and do better in 2017, some of you guys on here are inspirational and totally hardcore.
    I am pleased with some of things I have done this year, as well as budgeting our income I have found lots of additional income streams from free money, topcashback, rewards, switching Bonuses and Eb@y. I have received
    £220 in M&S vouchers
    £150 x 2 switching bonus to C@@P
    £50.40 x2 TCB for opening above C@@P accounts
    £100 x 2 for switching to H@lifax

    Total £820.80 for opening two donor accounts. They are currently with H@lifax and earning £10 per month in rewards but I will probably switch them again in Feb to either Nationwide or FD.
    I also need to rethink my bank account holdings now Santander and TSB have dropped their interest rates .... T@sco accounts I think.
    In terms of goals for this year - I would like to save £13k bringing my savings towards the mortgage up to £55k by Christmas 2017. This will offset against the mortgage to take the outstanding amount below £200k :T This will feel a lot less scary.
    In fact this milestone should be reached sometime in the summer when we hit around £50k mark and of course the mortgage continues to reduce month on month- I need to do the calculations to work out when this could be.

    Anyway that is all my news, I hope you all had a great Christmas and wishing you a Happy and MSE New Year :)
    Last edited by Busy Mee1; 28-12-2016 at 11:37 AM.
    • try harder
    • By try harder 29th Dec 16, 10:40 AM
    • 296 Posts
    • 809 Thanks
    try harder
    Morning busymee,so pleased to see you back ,i have missed you ,glad you had a wonderful time travelling .You have done so well saving this year and im sure next year will be just as good .Happy new year to you and your family.
    • themadvix
    • By themadvix 30th Dec 16, 9:22 AM
    • 622 Posts
    • 2,324 Thanks
    themadvix
    Hi Busymee, so pleased you're back, but no need to apologise (there's a two year hiatus in my diary!). Glad you had a good Christmas, but sorry to hear about your daughter's break up (for her, as well as you!). It must be frustrating for your son to have been delayed too.

    You've done brilliantly with the donor accounts - part of me thinks I should try harder at this (no pun intended TH!), but I struggle to find the DDs to use as they're all tied up in a NW reward account, which works well for us.

    Good luck for 2017!
    OPs 2017 = £1300/£10000
    S&S ISA = £100/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance Feb 2017: £103, 019.99
    MFW2017 no. 38
    • gallygirl
    • By gallygirl 30th Dec 16, 9:27 AM
    • 16,266 Posts
    • 106,416 Thanks
    gallygirl
    Don't beat yourself up - you've made great progress while still doing that 'having a life' thing that is so important .
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • LadyGnome
    • By LadyGnome 30th Dec 16, 12:44 PM
    • 348 Posts
    • 1,302 Thanks
    LadyGnome
    Hello, welcome back from your trip. You have achieved a lot this year even if you haven't quite got to where you wanted. Think where you would have been if you had done nothing. You have built a good foundation for next year and managed to have a proper break as well.
    Mortgage
    Start Nov 2012 £310,000
    Feb 2017 £254,256.92 Reduction £55,743.08
    MFW 2017 #42 £997.50/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • Busy Mee1
    • By Busy Mee1 31st Dec 16, 8:25 AM
    • 236 Posts
    • 728 Thanks
    Busy Mee1
    New Year's Eve
    Oh wow I didn't expect to see so many lovely messages. Thank you everyone
    It has been a funny week in between Christmas and New Year, I have not really been sure what day it is. Anyway I have now cleared away all the Christmas leftovers, I chopped up the leftover turkey and gammon and have put that in the freezer to make a pie later. I also packed up all the mince pies, Christmas cake and chocolates and sent them with DS to work. All goodies are greatly appreciated by his work colleagues ! I feel I should make them a cake specifically for them in January because I only ever send in leftovers and it would be nice for them to have a whole cake to go at.
    In MSE news I bought next year's wrapping paper and tags in Sainsburys 50p a roll and 10 p for tags, so that is all sorted for next year. I also went to the JL sale and bought a new throw and 6 cushions for £59 in total - I am well pleased with that. I have been looking for ages for something to change our colour scheme a bit but the ones I have liked have all been too expensive. I used the money given to us for Christmas by my MIL too.
    So NYE today and we are driving to relatives to spend NY with them, I will be glad to see the back of this year to be honest. It has definitely been a year of highs and lows, but quite a few lows towards the end of the year. To finish it off yesterday the hand brake on my sons car failed and it rolled back into the gates. Luckily no one hurt but it has made a mess of his car.
    I am hoping to get a grip of myself in January too - I have had a horrible virus and cough for the last 3 weeks and haven't been to the gym or out running. I have also eaten my body weight in chocolate over the last few days
    So looking forward to a fresh start and wishing all you lovely people a very happy, healthy and MSE New Year x
    • Busy Mee1
    • By Busy Mee1 14th Jan 17, 7:42 AM
    • 236 Posts
    • 728 Thanks
    Busy Mee1
    January
    So despite my best intentions it has been 14 days since my last post ( sounds like the confessional or AA ! ) I actually don't have too much to confess because work has been manic - I honestly don't think I have ever been this busy in my life and the pressure we are all under at the moment is awful. I am employing every strategy in the book to try and keep my head above water and look after those that work for me. This should stop towards the end of Feb, so I just need to keep going until then.
    On the MSE front not much to report, I simply haven't had time to spend any money and I have tried to be as organised as possible with food and the slow cooker has been working overtime.
    I had a quick patrol around the accounts last night and swept the Halifax rewards into the O&S account, I have done a few Tilly Tidies over the month but here is the confession ....I have lost the plot a bit on my current account .....I know ...I know. I normally know to the penny how much I have but I have lost track a bit this month. I will do the reconciliation over the weekend to get myself back on track, it shouldn't be too bad because as I said I haven't been spending anything. Our cash back for using contactless with the TSB finished in December so that will make things a bit simpler because I will be back to using one main account again for everyday spending.
    I having a proper weekend off this weekend ( no working ) because DD and I are going away on a girlie shopping weekend for her Birthday. There probably will be some spending done this weekend I do however have some money left from Christmas which will help !

    Think that is all - will try and check in again next week.
    • themadvix
    • By themadvix 15th Jan 17, 10:18 AM
    • 622 Posts
    • 2,324 Thanks
    themadvix
    It's good to hear from you BusyMee, but sorry to hear it's so manic. It sounds like you're largely keeping on top of things though. Hope you've had a good weekend and things improve soon!

    Vix
    OPs 2017 = £1300/£10000
    S&S ISA = £100/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance Feb 2017: £103, 019.99
    MFW2017 no. 38
    • Moneyfordreams
    • By Moneyfordreams 16th Jan 17, 4:06 PM
    • 731 Posts
    • 3,454 Thanks
    Moneyfordreams
    ooo girlie shopping with your DD I get chills through me when my girls suggest me shopping with them... spending +++ , hope you had a lovely time
    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 £164000
    Car loan finished oct 16
    h@lifax CC £5000 0% until May 2018.. will pay minimum for now, slow stooze
    xmas, chairs, hoover, computer and holiday cc
    • Busy Mee1
    • By Busy Mee1 22nd Jan 17, 8:55 AM
    • 236 Posts
    • 728 Thanks
    Busy Mee1
    Sunday
    Hi Madvix and Moneyford thanks for popping in. As you predicted Moneyford the girlie shopping trip with DD was a bit on the spending front. However we had a great time and I managed to have a good heart to heart with her. After 6 weeks apart DD and nice boyfriend (NB) look like they are getting back together again - absence seems to have made the heart grow fonder. I am cautiously pleased, but she hasn't officially moved back him with him yet. This means that I have now acquired NB again for meal times a couple of nights per week as they are sharing their time between his house and ours. I am just keeping my fingers crossed now.
    Work continues to be manic but generally I had a better week last week, I am hoping things will die down after this week.
    I summoned up the courage to get on the scales of doom on Friday and it was every bit as bad as I expected - 5lb on since before Christmas It has given me the kick up the bum that I needed though and my body is now a temple ( albeit a fat temple !) I am back at the gym in earnest ( 3 times last week ), and I have been good on my eating for two days now. I probably need to start running again because that really drops the weight off.
    Nothing much to report on the money saving front, I am back on top of my current account and I rang Sky to go through the rigmarole of pretending to cancel to get this year's 50% off.
    Off to Aldi in a while to buy lots of vegetables for this week's healthy eating plan - have a good week everyone
    • try harder
    • By try harder 22nd Jan 17, 12:47 PM
    • 296 Posts
    • 809 Thanks
    try harder
    Good to see you Busy mee1.I had to laugh to myself when hearing about DD boyfriend and feeding extra people we can have up to 10 extra mouths to feed if other children and partners plus grandchildren arrive at the same time and the nicely budgeted food shop is blown for the week ,some children do bring food with them which does help somewhat.The problem arises when they dont like the same things and different meals have to be made using another evenings planned dinner,
    • Kittenkirst
    • By Kittenkirst 22nd Jan 17, 8:02 PM
    • 1,183 Posts
    • 5,470 Thanks
    Kittenkirst
    Hey Busymee!
    Good going with getting back into the gym, I'm back running again (I have a love hate relationship with running) & you're right that it really does shift the weight....the heart rate monitor on my Fitbit goes into overdrive when I run

    Hope the Aldi trip was a success?
    Emergency savings- £905.20 /£1750
    Mortgage Oct '16- £170.995 LTV- 90% end date Nov 2041
    2016 OPs £255.50/£150
    2017 MFW #20 - OP [B]£643.54/2150. 29.9%[/
    Jan- £68.15, Feb- £306.67, March- £268.72
    • themadvix
    • By themadvix 23rd Jan 17, 5:52 PM
    • 622 Posts
    • 2,324 Thanks
    themadvix
    Don't belittle the moneysavingness of ringing up of Sky to haggle - it's a pain to do and makes a huge difference! I do appreciate though that it's probably something that you just do anyway - these things all become routine after a while!

    Good effort at the gym - I solve this problem by not having replaced our broken bathroom scales!
    OPs 2017 = £1300/£10000
    S&S ISA = £100/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance Feb 2017: £103, 019.99
    MFW2017 no. 38
    • Busy Mee1
    • By Busy Mee1 29th Jan 17, 12:24 PM
    • 236 Posts
    • 728 Thanks
    Busy Mee1
    Sunday again
    Hi Kittenkirst I am not sure my relationship with running is even love/hate, just hate/hate. I do love the whole concept of Park Run and enjoy the community spirit of it, but the running is just too hard 😩 But it does make me fitter and the weight does drop off.

    Madvix - the whole rigmarole of ringing sky, car insurance etc to haggle is just a bit of a pain but there are huge savings to be made. It is awful to think how many people just accept their renewal quote year after year.

    Work was the vilest of vile last week - 12/13 hour days every day but the piece of work I have been working delivered this week and thankfully in the main all went well - phew ! I can honestly say I have never been under so much pressure in my career. All over and hopefully things should start to quieten down now. I am trying to decompress this weekend - trying not to look at my phone and have booked some bargain flights for the States in October

    Finances are all on track - will have saved over £1k this month. A lot of my monthly savers mature in the next few months, so need to do some reshuffling soon. I might take a day off in lieu of all the hours I have worked just to have time to focus on this.

    The weather is beautiful here today after a miserable day yesterday. It is cold but sunny, so going for a walk followed by afternoon tea with a couple of girl friends. Have a good week everyone
    • Kittenkirst
    • By Kittenkirst 29th Jan 17, 1:22 PM
    • 1,183 Posts
    • 5,470 Thanks
    Kittenkirst
    Enjoy your afternoon tea & walk Busymee
    Emergency savings- £905.20 /£1750
    Mortgage Oct '16- £170.995 LTV- 90% end date Nov 2041
    2016 OPs £255.50/£150
    2017 MFW #20 - OP [B]£643.54/2150. 29.9%[/
    Jan- £68.15, Feb- £306.67, March- £268.72
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