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  • FIRST POST
    • LadyGnome
    • By LadyGnome 20th Apr 16, 6:05 PM
    • 418Posts
    • 1,535Thanks
    LadyGnome
    A Journey of Many Pounds Starts With a Single Penny
    • #1
    • 20th Apr 16, 6:05 PM
    A Journey of Many Pounds Starts With a Single Penny 20th Apr 16 at 6:05 PM
    Like many I have lurked for some time popping up on people's diaries with comments but I've decided it's time to come out of the shadows and start my own.

    Let me introduce myself. I am 46, live in London with MrGnome and two school age children. We have been MF before but when we decided to move we kept the MF house as a BTL and bought a project to do up. Mr Gnome does up properties as a part time business so he did a back to the brickwork renovation and extension on the house which is now finished (mostly ). I work full time as the main earner.

    The combination of the renovation and house price rises mean our LTV is below 50% so our interest rate is pretty good (2yr fix at 1.74%).

    I won't be making huge overpayments as we currently pay school fees as well as the mortgage. Additionally I have to balance frugality with enjoying life with the children.

    As the mortgage is large
    £268,261 today
    I am focussing on smaller goals which I will put in the next post.
    Mortgage
    Start Nov 2012 £310,000
    May 2017 £249,984.94 Reduction £60,015.06
    MFW 2017 #42 £2148.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
Page 16
    • LadyGnome
    • By LadyGnome 25th Feb 17, 12:54 PM
    • 418 Posts
    • 1,535 Thanks
    LadyGnome
    I've updated my signature and my goal pages to reflect what I have managed so far.
    I am not going to set any short term goals as I will hear next month about a possible bonus so want to know that number before setting any new plans.
    Payday money shuffle is done with a bit extra going into the pots this month as there is no Council tax. So £194.50 of OP this month on top of my standard £200.


    Money will be a bit tight this month after the trip away but at least its a short month
    Last edited by LadyGnome; 25-02-2017 at 12:59 PM.
    Mortgage
    Start Nov 2012 £310,000
    May 2017 £249,984.94 Reduction £60,015.06
    MFW 2017 #42 £2148.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • brizzledfw
    • By brizzledfw 25th Feb 17, 3:04 PM
    • 6,847 Posts
    • 32,916 Thanks
    brizzledfw
    Have a great weekend LG
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    June '17 Savings Rate Goal: 25% [May 30%]
    Declutter 50 items before 30.06.17 139/50 ** LSDs Target 5 for June 05/05 **AFDs 12/20 ** Sales Target '17 £750 £110 so far
    **NSDs Target 5 for June 02/05
    • LadyGnome
    • By LadyGnome 27th Feb 17, 11:06 PM
    • 418 Posts
    • 1,535 Thanks
    LadyGnome
    Thanks brizzled. Hope you had a good one.


    Just updating my signature and goals page as the mortgage payment goes out tomorrow.
    Mortgage
    Start Nov 2012 £310,000
    May 2017 £249,984.94 Reduction £60,015.06
    MFW 2017 #42 £2148.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • LadyGnome
    • By LadyGnome 30th Mar 17, 8:28 AM
    • 418 Posts
    • 1,535 Thanks
    LadyGnome
    Hello everyone
    It's been a while because I've been very busy in work. I've recently switched to a slightly different role so I've been getting to know how everything works.

    I've been relatively MSE in the last month so everything is still heading in the right direction.

    I did get a bonus but allocated some of it to other spending / stuff that needed doing so only £135 made its way on to the mortgage. However with my other OP I did pay off £376.50 this month.

    I am hoping that I can push the mortgage below £250K by May which will be a huge milestone passed. I don't think I will set any new goals until that is done.
    Mortgage
    Start Nov 2012 £310,000
    May 2017 £249,984.94 Reduction £60,015.06
    MFW 2017 #42 £2148.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • try harder
    • By try harder 30th Mar 17, 9:53 AM
    • 430 Posts
    • 1,315 Thanks
    try harder
    Good to see you back ,i missed seeing your posts and wondered where you were .Still a great overpayment for the month.
    • LadyGnome
    • By LadyGnome 30th Mar 17, 11:17 AM
    • 418 Posts
    • 1,535 Thanks
    LadyGnome
    Hi try harder


    I will try to be a bit more diligent


    I've been working long hours and when I get home in the evening I slump and eat chocolate.
    This is me


    Not good for the waistline but quite MSE as I have no time to spend money (except on chocolate obviously)
    Mortgage
    Start Nov 2012 £310,000
    May 2017 £249,984.94 Reduction £60,015.06
    MFW 2017 #42 £2148.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • try harder
    • By try harder 30th Mar 17, 12:28 PM
    • 430 Posts
    • 1,315 Thanks
    try harder
    I know the feeling ,that is definitely me today and i have no excuses i have no job but feeling very unmotivated and tired for some reason and eating a bar of greex and blacx that a very nice friend bought me .On the plus side it is a beautiful day and i think i may go out for a walk with the dog shortly ,i think it is a combination of having the aga on and how warm it is outside that is making me sleepy .Have a good day and glad you are back .
    • Busy Mee1
    • By Busy Mee1 31st Mar 17, 12:28 PM
    • 320 Posts
    • 1,064 Thanks
    Busy Mee1
    Great to see you back LG, I hope work will ease off a bit for you. I can eat my own body weight in chocolate if I am stressed and tired, so I definitely know that feeling.
    Have you got any time off over the Easter hols with the boys ?
    • LadyGnome
    • By LadyGnome 31st Mar 17, 9:32 PM
    • 418 Posts
    • 1,535 Thanks
    LadyGnome
    Hi Busy
    I have the week before Easter off so I get the benefit of the Bank holidays. What about you?
    Hopefully work will calm down a bit at some point, I enjoy it but I am out of the house from 7.10am to 8.45pm some days and it does catch up with you by end of the week. (Not that I am getting older or anything)
    Mortgage
    Start Nov 2012 £310,000
    May 2017 £249,984.94 Reduction £60,015.06
    MFW 2017 #42 £2148.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • Busy Mee1
    • By Busy Mee1 31st Mar 17, 10:39 PM
    • 320 Posts
    • 1,064 Thanks
    Busy Mee1
    I have just got the bank holidays off- now I don't have school age children, I like working in the school holidays. The traffic is better and work tends to be quieter. I do have two weeks off at the end of April though.
    I know the Friday feeling well - I am shattered !
    • LadyGnome
    • By LadyGnome 7th Apr 17, 9:28 AM
    • 418 Posts
    • 1,535 Thanks
    LadyGnome
    It's Friday again and I am off work next week


    I've had a very lucky week £5 on the lottery and £25 from ERNIE so there will be £10 for each of the pots when the money hits my bank account.
    I've been quite MSE this week, taking all my food to work which has been better for my waistline too. I've also reduced my chocolate intake by going to bed earlier so I am not looking for an energy boost in the evenings.
    Mortgage
    Start Nov 2012 £310,000
    May 2017 £249,984.94 Reduction £60,015.06
    MFW 2017 #42 £2148.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • Busy Mee1
    • By Busy Mee1 8th Apr 17, 7:31 AM
    • 320 Posts
    • 1,064 Thanks
    Busy Mee1
    You are very lucky with these little wins that you keep having on the lottery and Ernie, we never win anything
    I hope you have a great week off, the weather is forcast to be lovely this weekend
    • LadyGnome
    • By LadyGnome 8th Apr 17, 10:43 PM
    • 418 Posts
    • 1,535 Thanks
    LadyGnome
    I dragged the boys out for a walk along the Thames today as the weather was glorious. They bickered a fair bit on the way but they were really calm this evening so I think it did some good. I'm a great believer in fresh air and daylight rather than them hibernating in front of a screen.
    Mortgage
    Start Nov 2012 £310,000
    May 2017 £249,984.94 Reduction £60,015.06
    MFW 2017 #42 £2148.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • brizzledfw
    • By brizzledfw 9th Apr 17, 8:22 AM
    • 6,847 Posts
    • 32,916 Thanks
    brizzledfw
    Sounds lovely. Glad you've got some time off..that schedule is pretty daunting. I am generally a 6:30-19:00 girl which is hard enough.. and I don't work full time usually..

    Keep posting, it's good to hear from you xx
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    June '17 Savings Rate Goal: 25% [May 30%]
    Declutter 50 items before 30.06.17 139/50 ** LSDs Target 5 for June 05/05 **AFDs 12/20 ** Sales Target '17 £750 £110 so far
    **NSDs Target 5 for June 02/05
    • Watty1
    • By Watty1 9th Apr 17, 9:41 AM
    • 2,713 Posts
    • 19,008 Thanks
    Watty1
    That is a daunting schedule. Did similar in younger days and it doesn't leave time for much else does it?
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £52963
    • LadyGnome
    • By LadyGnome 19th Apr 17, 9:13 AM
    • 418 Posts
    • 1,535 Thanks
    LadyGnome
    Hello everyone. I'm back at work after having a some time off. We went camping in the New Forest as the Gnomeboys were really keen (Mr Gnome and I were a bit less gung ho!) We had a great time. The boys were delighted with the New Forest ponies that wandered freely through the campsite even the stubbornly persistent one that was trying to steal our breakfast. Shoving him away didn't work we had to resort to flapping a blanket at him to get him to shift a few feet - he was friendly but determined - Mr Gnome and I used to ride when we were kids so we could see he wasn't a threat to anything other than the toast. I think some of the children on the site must have thought I was a misery when I told them not to feed the ponies but you could see that they could start aggressively seeking food from campers if they got used to being fed.


    Camping was a MSE break as well as we already had the tent and the boys were happy to walk in the forest and picnic with only the promise of an ice cream at the other end.
    Mortgage
    Start Nov 2012 £310,000
    May 2017 £249,984.94 Reduction £60,015.06
    MFW 2017 #42 £2148.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • LadyGnome
    • By LadyGnome 20th Apr 17, 8:57 AM
    • 418 Posts
    • 1,535 Thanks
    LadyGnome
    I've been MSE this week with breakfast and lunch taken to work each day. I am waiting for my NW Regular Saver to mature this week so I can see how much interest is available for the pots. I will open another one and start feeding the money back in.


    Mr Gnome tried to poison me yesterday. I got in from work, saw the kettle was full and hot so made myself a cuppa, in full view of Mr Gnome (this is important). I take a mouthful and think this tastes very very wrong. I asked Mr Gnome who looks up and says that he has put vinegar and water in the kettle to clean it and was just about to rinse it out. It would have been good to know that prior to making my drink . Sometimes he is on his own planet...
    Mortgage
    Start Nov 2012 £310,000
    May 2017 £249,984.94 Reduction £60,015.06
    MFW 2017 #42 £2148.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • LadyGnome
    • By LadyGnome 21st Apr 17, 9:47 AM
    • 418 Posts
    • 1,535 Thanks
    LadyGnome
    I've been shuffling money this morning. My NW regular saver matured so £37 sent to each of the pots. I've opened a new one and started moving the money back into it


    I've brought my lunch to work today so hopefully a pretty MSE today. It's payday next week so there will be a bit more shuffling over the next few days. (and some spreadsheet fiddling )
    Mortgage
    Start Nov 2012 £310,000
    May 2017 £249,984.94 Reduction £60,015.06
    MFW 2017 #42 £2148.30/£3100
    End Oct Sept 2034 but I have a cunning plan...
    • Moneyfordreams
    • By Moneyfordreams 21st Apr 17, 10:03 AM
    • 826 Posts
    • 3,941 Thanks
    Moneyfordreams
    Kettle/Vinegar , At least he tried... my OH has to be told before he "notices" things need doing
    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 £161400
    h@lifax CC £4700 0% until May 2018.. will pay minimum for now, slow stooze
    xmas, chairs, hoover, computer and holiday [STRIKE}clothes[STRIKE] DD1 cc
    • Watty1
    • By Watty1 21st Apr 17, 11:05 AM
    • 2,713 Posts
    • 19,008 Thanks
    Watty1
    Camping break sounds rather lovely. I must be getting old - camping actually appeals to me briefly
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £52963
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