Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • lessavyfav
    • By lessavyfav 17th Sep 16, 9:41 PM
    • 139Posts
    • 169Thanks
    lessavyfav
    The Next Chapter: Our Dream House Fund
    • #1
    • 17th Sep 16, 9:41 PM
    The Next Chapter: Our Dream House Fund 17th Sep 16 at 9:41 PM
    So, I've been married for two weeks now (which was the most fun, amazing day), a wonderful honeymoon in The Maldives, and now back at home, going back to work on Monday — yep, the honeymoon is definitely over!

    The next step for us is to continue saving for a deposit of our first home. Now, a little secret: I spent more than I wanted to on the wedding (paying extra little things for my mum, bridesmaid, flowers, taxis for family members visiting from abroad), and because my other half already outlaid more money than I did on the wedding, I don't want him to have to bail me out of the extra costs I put on my CC, to the tune of around £2400. He knows I've got an outstanding debt, but not of the exact amount because it makes me pretty embarrassed to be honest. I have a diary over at the Debt Free Diary section but I've started a new one here as I want to start afresh, and am hoping I'll be able to pay off the CC relatively quickly.

    After reading MSE, I discovered the lifeline that is balance transfer credit cards — so I've sent everything over to a Barclaycard for the next 21 months to give me some breathing space. I lowered my CC1 credit limit from £4k to £1400 and the balance transfer card from £6k to £4k. I've had CC2 for a few years, but it has a super low limit and high APR, so I'm going to cancel it this week.

    I have been saving an emergency fund (£100 a month), as well as towards a Help to Buy fund with £200 a month, so that's forced savings, but I know I need to do more. Next month will be a tough one - husband's birthday and my parents are pressuring me to meet them in Europe (they're visiting from Australia) but from Christmas, it should hopefully be smooth sailing.

    I know I need to be more disciplined: better with the grocery budget (which I look after), making an effort with eBay, and spending less on dinners with friends. Time to get my a$$ into gear: here's to the next chapter.
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
Page 1
    • lessavyfav
    • By lessavyfav 18th Sep 16, 11:52 AM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    • #2
    • 18th Sep 16, 11:52 AM
    • #2
    • 18th Sep 16, 11:52 AM
    Morning!

    So today I've listed three things on eBay, that's about all the energy I can muster! I find it such a tedious task..

    Last night I baked banana bread after I saw we had about 12 ripe bananas piling up in the freezer..it turned out delicious, so that'll be good for lunch treats this week. I also have a few lunches planned to take into work already and am making a proper effort to make things from scratch using good quality produce. Trying to keep it mostly veggie to keep down the costs and be a bit healthier.

    I'm skint from now till payday, but I don't have too much on between now and then. My goal is to spend no more than £170 and this includes a friend's birthday dinner and present, lunch with friends today, travel card, charity DD and a few extras. If I can do this, it means I'll have a little more than £250 leftover to throw towards next month's budget, which is looking to be pretty costly.

    I'm thinking now that my weekends and evening are free of wedmin (woohoo!), I can devote time into being a bit more creative: perhaps start a blog like I've always wanted to. At least that way, I can dedicate my time to something where I'm not spending money, and perhaps in the longrun could make some passive earnings from it.

    Must get on with it, don't want to waste my Sunday!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • savingwannabe
    • By savingwannabe 18th Sep 16, 5:09 PM
    • 11,949 Posts
    • 44,798 Thanks
    savingwannabe
    • #3
    • 18th Sep 16, 5:09 PM
    • #3
    • 18th Sep 16, 5:09 PM
    Hello and welcome. Well done on Wedding and Maldives. Wow. How amazing is that? Stay strong.
    Kitchen Fund( Nov 2017) £5550/£8000 68?%
    Christmas Fund (Dec 1st 2016) £70/£600 A Tiny%
    Note to self: DO NOT WASTE MONEY ON FLEABAY
    • lessavyfav
    • By lessavyfav 19th Sep 16, 6:56 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    • #4
    • 19th Sep 16, 6:56 PM
    • #4
    • 19th Sep 16, 6:56 PM
    Thanks savingwannabe! Yes, being on that island was a magical experience — who knew a place could be so perfect? I'll never forget it.

    So, today I was well behaved. Other than my travelcard, no spending on coffee, lunch, snacks or anything else. In fact, I brought lunch in but we had a team thing in the diary (paid for) so I left food in the fridge for tomorrow.

    I've also got a couple of bids on two items, so that's great. Plus, I cancelled an old credit card and Capital One told me that I had paid £49 when I first got it six years ago, so I get that back. Happy times!

    Tomorrow's aim:
    - no spending on coffee in the morning! This is a treat I do once a week with my other half after Pilates but we have a barista at work and get free coffee so no excuses. I can do without
    - i shouldn't have anything to spend as I have food in the freezer and lunch sorted already.
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • lessavyfav
    • By lessavyfav 22nd Sep 16, 8:09 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    • #5
    • 22nd Sep 16, 8:09 PM
    • #5
    • 22nd Sep 16, 8:09 PM
    Ello, ello!

    I've been keeping an eye on the budget and am still doing okay — spent more at my friend's birthday dinner than I wanted to, but I haven't spent much on work lunches this week (and will bring in tomorrow's), so it's evening out.

    Tomorrow's aims:
    - only buy fruit for lunch
    - make dinner tomorrow night instead of being lazy and having takeaway

    I need more solid savings goals i.e. save £10,000 or save xx by x date. Going to look at my projected spends over the next few months and see what I can rustle up, but I think having a specific focus will make it more achievable.
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • lessavyfav
    • By lessavyfav 26th Sep 16, 7:05 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    • #6
    • 26th Sep 16, 7:05 PM
    • #6
    • 26th Sep 16, 7:05 PM
    Ergh, Mondays are so hard. At least the day is over.

    I sold some things on eBay, for much higher than I thought, bonus! Two people have paid, just waiting on the other person..that'll be an extra £130 once fees are taken out so I'm happy

    I'm meeting a friend for lunch tomorrow and no other spending expected till payday on Wednesday — can't come around soon enough. Once I get paid, a lot of that will go back out of my accounts, depressing. But very much looking forward to soon being able to add more money to the savings pot at least.

    I'm keeping my eyes peeled for the £49 cheque refund for my CC, though that'll go straight back on the 0% card.

    And that's it! A very quiet week ahead for me as I have a few friends away, so I'm going to lay low!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • lessavyfav
    • By lessavyfav 1st Oct 16, 6:09 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    • #7
    • 1st Oct 16, 6:09 PM
    • #7
    • 1st Oct 16, 6:09 PM
    Argh, where has the day gone? At least I've used it fairly wisely sorting out life admin that I was putting off.

    The old CC account I closed is refunding me £49 back into my account, brill; began sorting my company enhanced pension and trying to consolidate with other plans I have — not quite done but I've filled out the forms and sent off an email so hopefully will hear back soon, then I'll only have to post a few documents; killed myself in a Barre class; and sorted part of my mum's 60th birthday present. I am looking online for the other half's birthday present now.

    It's only October 1 but I have very little money to last me till payday at the end of the month — though this excludes all my bills, rent, travel card, the money that goes into my EF (£100) and H2B (£200). I'm determined to not touch my CC and get through it though. I'll do this by:
    - bringing my lunch in from home as much as possible. Groceries come out of the joint account which I've paid in already
    - aiming for a few NSDs a week
    - selling more clothing, I have a couple of things I'm sure I could get rid of
    - letting my close girlfriends know that I need to stick to cheap dates only, might have to see them a bit less frequently than I normally do

    27 days till payday!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • lessavyfav
    • By lessavyfav 3rd Oct 16, 7:25 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    • #8
    • 3rd Oct 16, 7:25 PM
    • #8
    • 3rd Oct 16, 7:25 PM
    I've decided to take it one week at a time to keep myself on track, as trying to work out a monthly spend feels a little airy fairy for me, money just ends up slipping through my fingers.

    I've decided that each Sunday I will top up £70 on a prepaid card; this is to be used for dinners, lunches, snacks, getting nails done, drinks, etc. If I run out within the week, that's tough. If i have leftover money I'll just top up for the week till I get to £70. If I do this for the next 4 weeks I will definitely have leftover money in my pocket for CC payment or savings.

    Today I didn't spend anything and tomorrow should be the same..Wednesday could also be a NSD if I work from home. Next week is where it gets tough. I have a work goodbye dinner (not paid for by work, fancy place), and a few friends are coming back from holiday who will want to catch up with a dinner, no doubt. But we'll cross that road when we get to it!

    Work is tiring me at the moment. A lot of stuff dropped on my desk last minute and not enough time to work through things properly — time for me to focus and push back on people.

    25 days till payday!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • savingwannabe
    • By savingwannabe 4th Oct 16, 4:31 PM
    • 11,949 Posts
    • 44,798 Thanks
    savingwannabe
    • #9
    • 4th Oct 16, 4:31 PM
    • #9
    • 4th Oct 16, 4:31 PM
    I think a prepayment card is a good idea. How about a system where you withdraw £80 cash on a Sunday and just use that? I do that with £10 a week. lol.
    Last edited by savingwannabe; 04-10-2016 at 5:44 PM.
    Kitchen Fund( Nov 2017) £5550/£8000 68?%
    Christmas Fund (Dec 1st 2016) £70/£600 A Tiny%
    Note to self: DO NOT WASTE MONEY ON FLEABAY
    • lessavyfav
    • By lessavyfav 4th Oct 16, 7:09 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    Hey savingwannabe, that's exactly the plan!

    And even better, Monzo (used to be called Mondo) have added a brilliant new feature to their app where you can assign a monthly target amount for different categories; it detects most retailers into the correct category (so it would flag Pret a `Manger under 'Eating Out'). I think it'll be so handy for goal setting, so I'm going to begin to use it for groceries/household, eating out and entertainment. I think the groceries one is where I will really learn a lot!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • lessavyfav
    • By lessavyfav 4th Oct 16, 8:59 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    Oh my word. I just went through the joint account to calculate what I spend on our grocery spend and it's an absolute shocker!

    The past months have been as follows:
    April £253.70
    May £239.27
    June £310.51
    July £273.48
    August £261.05
    Sept £133.64 (but that's because we were away for 2 weeks)

    This is for 2 people with no pets who also go out 1 or 2 meals per week together, I'm really appalled with myself. It does also include alcohol, which can be a killer as the OH loves his craft beers, but something's got to give! There were way too many waitrose, marks and spencers and gourmet supermarkets on the statement — I didn't think I frequented those stores as much as I do!

    So as of this month, I'm going to see if I can get the bill down to £200 — still too much I think, but it will be a start.
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • lessavyfav
    • By lessavyfav 5th Oct 16, 8:26 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    The nights are getting so much colder. I am resisting putting the heating on but I know I need to get the thicker duvet out from under the stairs

    Right so, I was good again today I worked from home, so I used what was in the fridge already and my husband is working late so I also had a simple dinner. Am a bit low on things to take in for lunch tomorrow so I'll have to buy it, but I'll aim for a soup or something quite cheap, plus I have a few snacky things sorted.

    I received a supermarket offer in my email (to one of the nice supermarkets ) where if I spend over £100 per shop for the next two shops I'll receive a £40 gift voucher, which I figure will be handy for Christmas or other future supermarket shops.

    It came to £109 and should last quite some time — I bought a mix of tinned food, organic meats, beer for the husband and household things we were running low on (laundry stuff, cleaning products), looaaaads, but hardly any fresh veg or fruit. I'll instead buy these down the road at my local Turkish grocery store as and when we need them, which should definitely come to less than the £20ish allocated per week! At least, I hope so... I shouldn't need to buy anything from the shop for at leeeast a month (and I have 2 months to use the offer), so I can stretch it out a bit.

    Instead of buying our friend's a gift for their housewarming, I'm going to bake some banana bread and give them a bottle of wine we had leftover from the wedding + a card. Saves a few more pounds there, and they are quite frugal themselves so they won't be too offended like maybe some other friends might be!

    So that's it! So far my £70 weekly spend has gone untouched since I topped up on Sunday, I'm very happy.

    23 days till payday!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • savingwannabe
    • By savingwannabe 7th Oct 16, 5:24 PM
    • 11,949 Posts
    • 44,798 Thanks
    savingwannabe
    Well done on saving on supermarket shop and also on saving money for the housewarming. Sometimes I feel i learn slowly but every little change is so empowering. Just think you are now pounds closer to a newer stress free life.
    Kitchen Fund( Nov 2017) £5550/£8000 68?%
    Christmas Fund (Dec 1st 2016) £70/£600 A Tiny%
    Note to self: DO NOT WASTE MONEY ON FLEABAY
    • lessavyfav
    • By lessavyfav 12th Oct 16, 8:24 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    very true savingwannabe, it is empowering!

    I didn't have to pay for work dinner last night, which was fab as I thought it would end up costing around £50! So that means I'm still on track and not dipping into the credit card.

    But still 16 days till payday, anything could happen! Got to stay focused.

    Can't wait to see my savings pots go up, feels like I've been at £500 EF forever!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • lessavyfav
    • By lessavyfav 13th Oct 16, 6:58 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    Another no spend day, woohoo! Tomorrow will most likely only be a small spend for a friend's birthday present then a few fresh bits I need to pick up to go with dinner that comes out of the joint account. I have loads in the freezer and I think I'm doing pretty well on the grocery budget so far! If things start getting tight it'll be tuna pasta for quite a few meals as I have 6 big tins in the pantry!

    The weekend will be a fairly quiet one with friend's birthday dinner at her house (we can bring a bottle of wine since we have so much in store!), plus maybe a little day trip out of london.

    I've been reading a lot of the MFW boards lately and finding them so inspiring! We haven't even bought a place but I'd really like us to be overpaying as much as possible so we can enjoy our later 40s mortgage free, it's definitely something to aspire to. OH and I earn decent money so there's no reason why we can't do it if our circumstances are similar (although I'm sure there could be a kid or two to throw us a curveball).

    Anyhoo, the weekend soon, I really can't wait! 15 days till payday too..halfway there!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • lessavyfav
    • By lessavyfav 16th Oct 16, 1:04 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    Sunday laziness, how I love thee..

    Things done today:
    - updated my phone network bundle, £4 off what I'm currently paying per month and more data (so I'll be paying £17 a month)
    - bought more of mum's birthday present, still have to buy a wee bit more to complete the package
    - worked out exactly what savings KS (my OH) and I have for our house deposit. we're a bit more behind than we thought, but with the wedding out the way and some sacrificing on both our behalves, we should be in a very good place by March 2017. The aim is for £65k by then (but this includes around £10k gift from a family member in the next few months) and doesn't include the H2B bonus we'll get if we spend under the threshold.

    I've been doing okay with the supermarket spends but not sure if we'll last with just £74 for topups for 2.5 weeks! We have household basics covered for ages but this amount is supposed to cover things like beer, too! Just doesn't seem realistic. Slashing our average grocery spend from £260 to £200 might be a bit ambitious. Oh well, we'll see where we're at in a week or so.

    Tomorrow should be an NSD providing I get myself sorted today. I should probably get out of my robe then!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • lessavyfav
    • By lessavyfav 17th Oct 16, 8:04 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    I didn't leave the office all day, which always depletes my energy completely. At least it was a no spend day today.

    It feels like so long ago since my emergency fund was added to, but I've finally hit the 60% mark, so I've updated my signature. Just 11 days till payday and I can make a bigger dent on the CC — 1.98% is shocking!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • lessavyfav
    • By lessavyfav 18th Oct 16, 7:59 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    Not so disciplined today. I didn't go overboard with an expensive lunch but did have a snack and bottled water this afternoon, which I don't tend to normally do.

    I'm not really enjoying my work lately. I haven't been there very long and when I joined I saw a lot of potential but now I'm seeing what a slow, painful place it is to be. I am getting paid well and grateful to have a job, so I will definitely stick it out at least until we get our mortgage sorted..gotta just keep thinking about the money!

    10 days till payday, not long now..looking forward to updating my signature!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • lessavyfav
    • By lessavyfav 20th Oct 16, 8:48 PM
    • 139 Posts
    • 169 Thanks
    lessavyfav
    NSD today and I didn't even realise it, brilliant! I was so tempted to be lazy and buy takeaway tonight but resisted..yesterday work paid for lunch, so that was another bonus.

    KS is going away for work next week so that relieves a bit of pressure on the grocery budget, but I am not doing so well on the personal entertainment spends with OH's birthday dinner tomorrow and a lunch on Sunday. Oh well, peaks and troughs, I suppose.

    £200 for H2B goes out tomorrow leaving me very little till payday. At least it's only 8 days to go!
    Emergency fund in regular saver account £700/£1000 (70% there)
    H2B account: £3486.93
    0% Balance Transfer (May 2018) £380.00/£2524.93 (15.04% there)
    Joint house deposit so far £40,800/£65,000 (62.76% there )
    • savingwannabe
    • By savingwannabe 20th Oct 16, 10:10 PM
    • 11,949 Posts
    • 44,798 Thanks
    savingwannabe
    I think you should enjoy birthday dinner and congratulate yourself on your H2B payment!

    Well done.
    Kitchen Fund( Nov 2017) £5550/£8000 68?%
    Christmas Fund (Dec 1st 2016) £70/£600 A Tiny%
    Note to self: DO NOT WASTE MONEY ON FLEABAY
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

275Posts Today

1,314Users online

Martin's Twitter