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  • FIRST POST
    • atypicalblonde
    • By atypicalblonde 28th Sep 16, 2:14 PM
    • 1,619Posts
    • 8,541Thanks
    atypicalblonde
    ATB'S Frugal Foray to Freedom
    • #1
    • 28th Sep 16, 2:14 PM
    ATB'S Frugal Foray to Freedom 28th Sep 16 at 2:14 PM
    Good Afternoon All

    So much has changed since my last diary, I felt now was the right time to start a new one. Linkie to the old one is here http://forums.moneysavingexpert.com/showthread.php?t=5171678 if anyone wants a look-see!

    A little about me for those who haven't 'met' me before. I am married to a fabulous DH, who runs his own business. There are major peaks and troughs to that, some months we are brassic and others we feel quite flush. It is a precarious balance at times, and we have to deal with constant late payers, tax bills etc, but on the whole it is worth it. DH job is very physically demanding though, and he works away all week.

    We have two kiddies - DD is 4 and DS is 2. They are my world

    Our outstanding mortgage as at today's date is bang on £141,900. When I began my old diary at the start of last year it was £171k, so we have done pretty well thusfar However, my income is greatly reduced now as I no longer work - I am officially a home-maker, and that is how it will stay for the foreseeable.

    To clear our mortgage before we are 40 (i.e. 9 years time) is the grand plan. I would ideally like to do it in half that time, but 9 years is do-able and requires monthly OPs of £750.

    I now have a spreadsheet (thank you hiddenshadow) and an obsession with only having 000 at the end of the mortgage (thank you A Frayed Knot!), and most importantly a frugal mind-set. We need to make each penny do the work of 3, whilst remembering to have some fun on the way.

    The first target is to get into the 30s by Christmas... wish me luck, come along for the ride (but make sure you bring tea and biccies!)

    ATB xx
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 3.11.16 - £139,251.40
Page 3
    • A Frayed Knot
    • By A Frayed Knot 11th Oct 16, 7:52 PM
    • 1,742 Posts
    • 7,993 Thanks
    A Frayed Knot
    So much to catch up with here
    • Burglary - Boo
    • Birthday - Yeah
    • Batch Cooking
    • Standard o/p
    No heating on here, yet, but fleecy blanket is out
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • atypicalblonde
    • By atypicalblonde 11th Oct 16, 9:05 PM
    • 1,619 Posts
    • 8,541 Thanks
    atypicalblonde
    We do have a wood burner but I just couldn't be arissed to clean it today

    Did spend a small amount -£5 in the pound shop. You know me, last of the big spenders

    Looking forward to admin day tomorrow, and hopefully a Tilly tidy xx
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 3.11.16 - £139,251.40
    • A Frayed Knot
    • By A Frayed Knot 11th Oct 16, 9:17 PM
    • 1,742 Posts
    • 7,993 Thanks
    A Frayed Knot
    So that's all your Christmas shopping done, then
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • shangaijimmy
    • By shangaijimmy 11th Oct 16, 9:22 PM
    • 1,814 Posts
    • 7,526 Thanks
    shangaijimmy
    Fleece blankets are the best! Especially my 7yr olds Star Wars one!
    MFW: Original June 2036 // Aim March 2025 - 21//120 payments // Avg Daily Interest £6.19
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £113,533.22
    MFiT-T4 #8 - 17.63% of £41,000 // 2016 MFW #2 - £6,961.06/£7,200
    • atypicalblonde
    • By atypicalblonde 11th Oct 16, 9:24 PM
    • 1,619 Posts
    • 8,541 Thanks
    atypicalblonde
    Yup AFK I did actually buy a couple of stocking fillers for my nephews (branded sticker books) so I'm definitely winning at life

    Messing about with the OP calculator. If I could OP by £2k a month we would be mortgage free in 3.5 years

    *wanders off to check budget spreadsheet*
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 3.11.16 - £139,251.40
    • A Frayed Knot
    • By A Frayed Knot 11th Oct 16, 9:58 PM
    • 1,742 Posts
    • 7,993 Thanks
    A Frayed Knot
    Spent £££ on my nephew (only one) when he was little, one xmas, best present he got that year, cost me 40pwhat was it - f a r t i n g putty, put your hand into gunge and it made the noise of f@rting He loved it


    If I o/p £2000 a month, I would be MF in less than 1 year No need to check my spreadsheet - Impossible dream, springs to mind for me
    Always have 00.00 at the end of your mortgage balance and someday it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    o/p 2014/£4000, 2015/£6294.69 MFW2016 #27 £3101.03/£3000
    £1000/£1000 51.44/33.29=84.73
    • atypicalblonde
    • By atypicalblonde 12th Oct 16, 6:49 AM
    • 1,619 Posts
    • 8,541 Thanks
    atypicalblonde
    Good Morning All,

    Tilly tidy done of a whole 98p. Looking forward to getting on the phone today and doing some money admin. I need to put some fuel in the car and nip to the post office but other than that it's a very low spend day.

    I also applied for a Nectar credit card - 0% for 27 months and Nectar points on purchases. I was accepted with a manageable limit of £1200, so I am going to use that for necessary purchases such as fuel over the coming months. I feel confident with my discipline levels that we won't go silly with it and we can use the equivalent money to stash in the OP pot.

    Back later x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 3.11.16 - £139,251.40
    • atypicalblonde
    • By atypicalblonde 13th Oct 16, 10:58 AM
    • 1,619 Posts
    • 8,541 Thanks
    atypicalblonde
    Had a really rubbish day yesterday, hence the lack of posting. Still not feeling great today so I am being kind to myself.

    Despite general rubbishness I did however set up a standard monthly OP of £300, so that was pleasing. Off to see if I have any pennies to Tilly Tidy.

    Have lovely days all x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 3.11.16 - £139,251.40
    • atypicalblonde
    • By atypicalblonde 13th Oct 16, 11:09 AM
    • 1,619 Posts
    • 8,541 Thanks
    atypicalblonde
    £1.22 OP made - that's money the bank can never charge me interest on again

    DS is shooting up like a weed though, he needs a snowsuit and some other bits - I am hoping ebay or the like comes up trumps for us x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 3.11.16 - £139,251.40
    • atypicalblonde
    • By atypicalblonde 13th Oct 16, 8:56 PM
    • 1,619 Posts
    • 8,541 Thanks
    atypicalblonde
    I had a NSD they seem so rare nowadays, it really is a moment!

    Lovely day planned tomorrow. Volunteering in the morning, a small amount of shopping needed in the afternoon, then home for goulash which will be going into the slow cooker in approximately 12 hours time

    night night all x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 3.11.16 - £139,251.40
    • CathT
    • By CathT 14th Oct 16, 6:50 AM
    • 4,889 Posts
    • 33,493 Thanks
    CathT
    Fb selling pages cash be good for children's clothes. We have some generous friends with children a little older than ours who have passed things down so we just then buy the bits we need. Dd at the stage of needing different footwear though so I'm on 3bay! Mine have big feet so don't acquire any hand me downs as theyre bigger than the older kids!
    June 2010 £121,287
    Dec 2016 £84,056
    WIOTW Dec £91,392
    • atypicalblonde
    • By atypicalblonde 14th Oct 16, 1:43 PM
    • 1,619 Posts
    • 8,541 Thanks
    atypicalblonde
    Thanks Cath that's a good idea, I will look into that xx

    I have tidied some pennies to the mortgage, and squirrelled away some money in the pot for the end of month OP.

    If (or should I be more positive and say when?!) we reach the target of the 30s on 1st November, I am wondering what my goal should be next? I would like to start 1st January around the £137,000 mark, so we would need to OP £2400 in 2 months in addition to our usual payments to make this happen.

    Any thoughts? x
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 3.11.16 - £139,251.40
    • PrincessLou
    • By PrincessLou 14th Oct 16, 2:08 PM
    • 461 Posts
    • 1,755 Thanks
    PrincessLou
    If it was me I would just split it in half and say the next target should be £138500 by December 1st, then £137000 by January 1st.
    Mortgage - £112,900
    • Watty1
    • By Watty1 14th Oct 16, 4:08 PM
    • 2,490 Posts
    • 17,593 Thanks
    Watty1
    I've never been very good at the setting of targets like that as I need to see where the money will come from. So I usually approach it saying my plan is to get x from work, make y for fleabay sales and z from not paying for something. If I told myself I was to save £2000 for overpayments by Christmas I'd just shrug and not bother because it wouldn' t seem doable, but in reality it would be possible if I made plans on how. Just me. I learnt what motivated me as I set about the journey.
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £68801
    • atypicalblonde
    • By atypicalblonde 14th Oct 16, 6:02 PM
    • 1,619 Posts
    • 8,541 Thanks
    atypicalblonde
    Thanks both Watty - I am much more of a make it up as I go along kinda girl, which goes against how I approach everything else in life but seems to be working (sort of!) on our MF journey.

    I have decided on the target but I will wait and see if I manage my latest one first
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 3.11.16 - £139,251.40
    • shangaijimmy
    • By shangaijimmy 14th Oct 16, 8:30 PM
    • 1,814 Posts
    • 7,526 Thanks
    shangaijimmy
    My approach to targets is to use spreadsheet to work out an achievable target based on expected expenditure that month etc... Then i knock a bit more off to make it a challenge! Inevitably we end up hitting the challenging target as once its written down i'm then committed to the challenge, and my competitive spirit kicks in!
    MFW: Original June 2036 // Aim March 2025 - 21//120 payments // Avg Daily Interest £6.19
    Aug 2009: £163,051 // Aug 2012: £146,818 // Aug 2015: £131,010 Current: £113,533.22
    MFiT-T4 #8 - 17.63% of £41,000 // 2016 MFW #2 - £6,961.06/£7,200
    • hiddenshadow
    • By hiddenshadow 14th Oct 16, 8:55 PM
    • 1,772 Posts
    • 8,021 Thanks
    hiddenshadow
    My approach to targets is to use spreadsheet to work out an achievable target based on expected expenditure that month etc... Then i knock a bit more off to make it a challenge! Inevitably we end up hitting the challenging target as once its written down i'm then committed to the challenge, and my competitive spirit kicks in!
    Originally posted by shangaijimmy
    Same with me. Whatever does the trick, I suppose - at least it works even when I know the trick.
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,799 (£6,724 offset)
    Payment 35/84 / 2016 MFW #56: £41,870/£43,000 97% / MFiT-T4 #15: £39,701/£90,000 44%
    • atypicalblonde
    • By atypicalblonde 15th Oct 16, 7:28 AM
    • 1,619 Posts
    • 8,541 Thanks
    atypicalblonde
    Good Morning

    £2.81 sent to the mortgage - when I logged onto online banking a mortgage advert came up, which made me smile - take out a £130k mortgage with us Mrs ATB and repay only £52,000 in interest over the term erm... no thank you!

    Meals planned for the weekend so it should, in theory, be a no spend weekend. Off to make an omelette have lovely days all xx
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 3.11.16 - £139,251.40
    • hiddenshadow
    • By hiddenshadow 15th Oct 16, 8:50 AM
    • 1,772 Posts
    • 8,021 Thanks
    hiddenshadow
    "Only" 52k interest, bargain!
    MFW: Dec '13 £197,100 / Dec '14 £180,691 / Dec '15 £161,669 / Dec '16 £119,799 (£6,724 offset)
    Payment 35/84 / 2016 MFW #56: £41,870/£43,000 97% / MFiT-T4 #15: £39,701/£90,000 44%
    • atypicalblonde
    • By atypicalblonde 15th Oct 16, 9:48 PM
    • 1,619 Posts
    • 8,541 Thanks
    atypicalblonde
    Gosh I am tired. DS is 2.5 and fully in the throes of the terrible twos. Having never experienced them with DD it's an exhausting shock, today he has tantrummed on and off all day. I caved in at around 4pm and had a glass of wine to relax my shoulders, they were up round my ears with tension

    DH and I have had a chilled evening though, and yummy dinner from the freezer of fancy chicken burgers in brioche buns with salad and HM chips, mmmmmm.

    Need to buy a small gift tomorrow but other than that no spending required. Will have to Tilly tidy my accounts then menu plan for the week. If I can keep spends super low we should have a nice chunk to put into the OP pot by Friday

    ATB xx
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 3.11.16 - £139,251.40
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