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  • FIRST POST
    • Needhelpsaving
    • By Needhelpsaving 14th Nov 16, 5:58 PM
    • 593Posts
    • 2,573Thanks
    Needhelpsaving
    Getting back on the MFW Wagon
    • #1
    • 14th Nov 16, 5:58 PM
    Getting back on the MFW Wagon 14th Nov 16 at 5:58 PM
    Hi

    I have attempted this MFW wannabe journey before, with little success and after reading so many threads on the forum, would like to try again.

    Looking back, trying to start a MFW challenge with a newborn was possibly not the best time for me as I had made grand plans, just when our income was decreasing.

    A little bit about us, I am 29, have an OH 34 and a LO aged 3. We bought our home 8 years ago and have a mortgage of £80,000, a family loan of £7,000 and £0 in savings

    Our first goal is to save a £1500 Emergency Fund by the end of February, whilst staying on track to pay off family loan (on target to pay off in June 2017).

    I have finished all my Christmas shopping, except 1 gift, so should be on track to save a decent chunk of my salary next month (I work part-time).

    I need to stay accountable in this journey and what better way than to publish it on the internet?!
Page 9
    • Needhelpsaving
    • By Needhelpsaving 28th Aug 17, 11:37 AM
    • 593 Posts
    • 2,573 Thanks
    Needhelpsaving
    Good morning.

    I hope everyone is enjoying the bank holiday weekend

    Ours has been shortened with both me and OH having picked up OT, but it has still been enjoyable.

    Saturday had some spends, £1.30 eBay postage, £20 for LO dance show costume and the Asda shop (including loads of cleaning stuff) at £110.

    Yesterday was an NSD and today will follow suit.

    I sold two items on eBay yesterday, so these will be sent out tomorrow with the third parcel that the buyer asked me to send after BH. Should net £8ish on the two newest sales, after fees.

    I have called the company who took a direct debit after the account had been cancelled and they have confirmed that the refund will be with me by Tuesday next week. It's about £5, but it all adds up.

    Receipts uploaded to receipthog. It does take a while to get to £5, but it's money for very little effort on my part.

    I have two shopping surveys to do from receipts - got to be in it to win it. - Done

    Will check swagbucks and onepoll this afternoon. Will also check out shopitize? I think that's what it's called.

    ETA - Downloaded shopmium to my iPhone, so need to keep checking it to make the most of it.
    Last edited by Needhelpsaving; 28-08-2017 at 6:39 PM.
    Target 1 - Emergency Fund Currently £300/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £2919.61/£4000
    • Needhelpsaving
    • By Needhelpsaving 28th Aug 17, 7:26 PM
    • 593 Posts
    • 2,573 Thanks
    Needhelpsaving
    Accounts have been tidied and eBay money has been shuffled;

    £1.90 sent to savings to round off the number. Now at £300/£3000.
    £24.02 sent to mortgage to bring the total to £2906.82/£4000.

    Any new money coming in or saved from budget will be sent to the mortgage initially, as I would like to get as close as possible to the £3k mark.
    Target 1 - Emergency Fund Currently £300/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £2919.61/£4000
    • Needhelpsaving
    • By Needhelpsaving 30th Aug 17, 8:22 AM
    • 593 Posts
    • 2,573 Thanks
    Needhelpsaving
    Receipt hog money has arrived and been shuffled to the mortgage. I also shuffled £3.30 from 1 final eBay sale - this will be posted today.

    This brings my mortgage op total for this year to £2915.12/£4000.

    I think I have run out of ebayable items at the minute, so will focus on keeping spends low.
    Target 1 - Emergency Fund Currently £300/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £2919.61/£4000
    • squirrelgirl
    • By squirrelgirl 2nd Sep 17, 5:03 PM
    • 100 Posts
    • 392 Thanks
    squirrelgirl
    I've been away for a while so have just caught up with your diary....you're doing really well!! I'm very impressed with how focused you are...you'll definitely achieve your goals!
    MFW £3031.96/£22968.96
    • Needhelpsaving
    • By Needhelpsaving 3rd Sep 17, 1:03 PM
    • 593 Posts
    • 2,573 Thanks
    Needhelpsaving
    Good Morning!

    A few days have passed since my last update and while I haven't been updating, I have been reading other MFW diaries to keep me inspired.

    I really enjoy you all popping by as it is really motivating for me, so thank you x

    The last few days have seen some spends - all planned and some freebies thrown in for good measure.

    Spends

    -£55.85 grocery shop from Asda, this included some tins for the cupboard that should last us a good 3-4 weeks. I have also run the Asda Price Guarantee on both of my last 2 online shops and have approx £4 being added to the account towards my next shop.

    - £38 on chinese takeaway last night - we paid for our meal and the meals for my little brother and his new girlfriend. It was the first time we have met her and she was lovely.

    - £7.50 at M&S to finish a friends birthday present and also some cake for after our lunch.

    - £25 deposit for an xmas meal with friends at the local Toby Carvery. The meal is a set price of £10.99 for two courses, so even with a drink thrown in; I should get £10 back on the day. Just seeing this as having 'pre-paid' my meal.


    Freebies

    - I won my first competition! It was a childrens book by Isla Fisher, which will be gifted to one of my lovely nieces.

    - I got a free lunch at work on Friday (I think someone felt sorry for me as my week went from bad to worse), but it was appreciated and cheered me up.

    - Grabbed a 'free' round of hot chocolates after the park on Thursday. I had been given some Costa points after a complaint I had made earlier in the year. I wasn't complaining with a view to receiving anything; I just felt the feedback was certainly warranted given the awful service. Any how, this paid for both LO and I to have a cheeky hot chocolate. Much appreciated.

    - My friend made us lunch when we popped in to drop her birthday presents off. I bought the pudding as my contribution to the meal.


    I have spent this morning balancing the accounts and there wasn't anything for me to shuffle really, as I am pretty much bang on budget.

    I have a small overage, but as it is so early in the month, I will just use this as a buffer for now.

    OH is painting the box room woodwork today, using some gloss we had already bought and I am pottering around getting some small jobs done, so today will be an NSD
    Target 1 - Emergency Fund Currently £300/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £2919.61/£4000
    • Betterthanever
    • By Betterthanever 3rd Sep 17, 2:27 PM
    • 175 Posts
    • 614 Thanks
    Betterthanever
    I'm new to your diary but have enjoyed reading it so far. You seem to be very focused and I will be following your progress with interest!
    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!
    • Needhelpsaving
    • By Needhelpsaving 6th Sep 17, 7:15 AM
    • 593 Posts
    • 2,573 Thanks
    Needhelpsaving
    Update to keep me motivated;

    Current Mortgage Balance = -£73,230.38
    OP's YTD = £2915.12
    OP's since Mortgage began = £13,401.64

    Savings = £300/£3000
    Target 1 - Emergency Fund Currently £300/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £2919.61/£4000
    • shangaijimmy
    • By shangaijimmy 6th Sep 17, 7:56 AM
    • 2,198 Posts
    • 10,038 Thanks
    shangaijimmy
    Great little update. Looks impressive you write it down like that. Think i'll be following the same approach for my mid month, post holidays slump!!
    MFW: Turning June 2036 into March 2023... 30//120 Payments Challenge, Diary Reduction £32,077.72
    Aug 2009: £163,051 // Current: £103,922.28 // Avg Daily Interest £4.67
    MFiT-T4 #8 - 47.86% of £41,000
    • Needhelpsaving
    • By Needhelpsaving 15th Sep 17, 4:07 PM
    • 593 Posts
    • 2,573 Thanks
    Needhelpsaving
    Hi,

    Just popping in after a short absence. Embarrassingly the last week has been dire on the spends front.

    I had the week off of work to get LO settled at school (first year and a week of half days at school), but it would appear that I have crashed. I have been really under the weather this week and have had one too many 'convenience meals'. This was a temporary situation which will be rectified swiftly.

    LO has also shot up like a weed and so the autumn/winter clothing purchases had to be moved forward by a couple of weeks. £143 spent including replacement pjs, tights, dresses, tops etc, she is 4, but wears 6-7 so everything seems to be more expensive.

    On the positive side, I received both confirmation of my increase in hours at work as well as well as a pay increase. The full effect of this will kick in from October.

    Need to get my act together sharpish.
    Target 1 - Emergency Fund Currently £300/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £2919.61/£4000
    • lavinia21
    • By lavinia21 16th Sep 17, 3:40 PM
    • 275 Posts
    • 1,971 Thanks
    lavinia21
    Needhelpsaving don't be hard on yourself like you said this situation is temporary. Your already mindful of where you want to get back too. Congrats on increase in hours and payrise.
    Positivity is the key there is a reason why life happens. Find your rainbow and ride it.
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