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  • FIRST POST
    • Needhelpsaving
    • By Needhelpsaving 14th Nov 16, 5:58 PM
    • 614Posts
    • 2,604Thanks
    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
    • 614 Posts
    • 2,604 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 £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • Needhelpsaving
    • By Needhelpsaving 28th Aug 17, 7:26 PM
    • 614 Posts
    • 2,604 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 £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • Needhelpsaving
    • By Needhelpsaving 30th Aug 17, 8:22 AM
    • 614 Posts
    • 2,604 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 £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • squirrelgirl
    • By squirrelgirl 2nd Sep 17, 5:03 PM
    • 130 Posts
    • 633 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 £3510.00/£22968.96: October GC £30/£300
    • Needhelpsaving
    • By Needhelpsaving 3rd Sep 17, 1:03 PM
    • 614 Posts
    • 2,604 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 £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • Betterthanever
    • By Betterthanever 3rd Sep 17, 2:27 PM
    • 363 Posts
    • 1,509 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!

    Current balance £115,428.65. Offset £1,775.31. £113,653.34 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22
    Money for Nothing pot = £392.99
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • Needhelpsaving
    • By Needhelpsaving 6th Sep 17, 7:15 AM
    • 614 Posts
    • 2,604 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 £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • shangaijimmy
    • By shangaijimmy 6th Sep 17, 7:56 AM
    • 2,227 Posts
    • 10,249 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... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • Needhelpsaving
    • By Needhelpsaving 15th Sep 17, 4:07 PM
    • 614 Posts
    • 2,604 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 £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • lavinia21
    • By lavinia21 16th Sep 17, 3:40 PM
    • 276 Posts
    • 1,976 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.
    • Needhelpsaving
    • By Needhelpsaving 29th Sep 17, 7:31 AM
    • 614 Posts
    • 2,604 Thanks
    Needhelpsaving
    Good Morning.

    I am returning after a short leave of absence

    Just popping by with a quick update as it's payday.

    Accounts balanced and the savings pot has been increased to £969.35/£3000. My target for October is to under-spend in other areas and get the savings account up to a nice round £1000.
    This £30.65 under-spend should be very achievable.

    This month's focus will simply be staying on track and practicing good money habits such as NSD's
    Target 1 - Emergency Fund Currently £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • earthgirl
    • By earthgirl 29th Sep 17, 5:41 PM
    • 2,489 Posts
    • 20,141 Thanks
    earthgirl
    Nice to have a wee update nhs. Basics money in vs money out vs time spent are important for everyone. Good luck with your mini challenge.
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    June 17 £32,053 Sept 17 £22,619
    Kids savings 13,578/36k
    • Needhelpsaving
    • By Needhelpsaving 30th Sep 17, 7:34 PM
    • 614 Posts
    • 2,604 Thanks
    Needhelpsaving
    NSD today. Food shopping will be done tomorrow and £60 has been budgeted for the week.

    I also need to collect my 2 for £7 xmas chocolates from my moms and will drop the money for those off tomorrow as well.

    4 hours overtime clocked up yesterday as OH had the day off and could pick LO up from school. OH also called the utility supplier yesterday and a £97 refund is being processed as we had an overage on the account.

    We have agreed that half of the money will be used to pay for an intensive swimming course for LO and a cinema trip in Oct half term (OH is having LO as I can't get the time off).
    Target 1 - Emergency Fund Currently £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • Needhelpsaving
    • By Needhelpsaving 1st Oct 17, 7:56 PM
    • 614 Posts
    • 2,604 Thanks
    Needhelpsaving
    Food shopping done today and I spent just after £60 in Asda including £11 from my personal spends (new work trousers, 2 birthday cards and a sweet treat). I then spent £22.30 at the butchers.

    I went over budget, but did pick up more stuff than anticipated (baked beans were on offer, as was squash etc).

    I will only need to grab a bottle of milk at the end of the week now.
    Target 1 - Emergency Fund Currently £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • earthgirl
    • By earthgirl 5th Oct 17, 7:15 PM
    • 2,489 Posts
    • 20,141 Thanks
    earthgirl
    Hope it's going well nhs
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    June 17 £32,053 Sept 17 £22,619
    Kids savings 13,578/36k
    • Needhelpsaving
    • By Needhelpsaving 8th Oct 17, 11:15 AM
    • 614 Posts
    • 2,604 Thanks
    Needhelpsaving
    Good Morning.

    Up bright and early this morning and am ticking jobs off the list in preparation for the week ahead.

    I have had a couple of NSD's in the last week. We did spend some money yesterday when we went out to celebrate my youngest brothers 21st birthday. We gave him £50 cash for his birthday and LO chose a £6 Caterpillar birthday cake for him, which both LO and Bro loved. It was lovely to see them share that moment together as LO adores him.

    My parents were incredibly generous and paid for ten of us to have a meal out before we moved on for a few celebratory drinks - before the younger ones went off clubbing until 06.00am I was in bed for 10.30!

    Possibly a big spend tomorrow as the car is in for its annual service and MOT. Minimum cost will be around £180 all in - provided there are no replacement parts required (fingers crossed).

    I have checked on my accounts this morning and have shifted £10.23 to the savings to round down the current account. Savings are now at £979.91/£3000.

    I think we have enough food in to get us through most of the week. I will have a root around the pantry to see what if anything is needed to see us through at minimum cost.

    Energy refund has come through and I have sent it over to OH personal account for him to pay for LO swimming lessons and a couple of day trips come the half term

    Right, off to get some more jobs done and then I will catch up on diaries later with a cuppa.
    Target 1 - Emergency Fund Currently £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • michelle09
    • By michelle09 8th Oct 17, 5:52 PM
    • 395 Posts
    • 1,466 Thanks
    michelle09
    Fingers crossed it sails through it's MOT!

    Looks like you're having a productive day
    • Needhelpsaving
    • By Needhelpsaving 8th Oct 17, 7:57 PM
    • 614 Posts
    • 2,604 Thanks
    Needhelpsaving
    Fairly productive, but not very MSE day.

    I managed to kill our 8 year old lawnmower trying to do one last cut of the season. The lawn has two stripes down the middle of it perhaps we will set a gardening trend - who knows???

    Online grocery shop has been done as this week is looking a little manic and if I am honest my sanity may not stretch to a trip round the supermarket. £49 spent including some staple items to bring the spend up to the required amount for home delivery. The remaining £10 odd of this weeks grocery budget was sent straight to savings.

    I now only need around £9.50 to get me to the £1k mark

    I hope everyone has a great week.
    Last edited by Needhelpsaving; 08-10-2017 at 7:59 PM.
    Target 1 - Emergency Fund Currently £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • Needhelpsaving
    • By Needhelpsaving 9th Oct 17, 6:07 PM
    • 614 Posts
    • 2,604 Thanks
    Needhelpsaving
    Very happy today!! I have skimmed the under-spend on the car servicing budget to both the savings and mortgage.

    Savings now at £1,000/£3,000
    Mortgage OP at £3050.32/£4000



    I did have to have some work done to get it through its MOT, but it came in under budget, so I am happy.

    The next target will be to get to the £4k of OP's as we are on the home straight
    Target 1 - Emergency Fund Currently £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
    • Needhelpsaving
    • By Needhelpsaving 12th Oct 17, 7:37 AM
    • 614 Posts
    • 2,604 Thanks
    Needhelpsaving
    Good morning.

    Just dropping in quickly to update before heading off to work.

    After having big spends at the beginning of the week I have deliberately left my purse at home for the last two days and have ended up with two NSD's. I will be continuing this for as much of this week as I can, although Sunday will see food shopping spends.

    I will be picking up overtime this weekend and OH has just told me that he may also have to work on Saturday morning. With my current workload, I am likely to be working two of the next three weekends and OH has 1 weekend OT booked.

    OH is currently working on getting rid of the family loan. We are on track to have this paid off by end Nov; which is significantly longer than we originally planned but it will be gone this year

    Have a great day x
    Target 1 - Emergency Fund Currently £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3318.09/£4000
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