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  • FIRST POST
    • CharlieKat
    • By CharlieKat 31st Dec 16, 12:20 PM
    • 35Posts
    • 84Thanks
    CharlieKat
    A Budgeteer's Adventure
    • #1
    • 31st Dec 16, 12:20 PM
    A Budgeteer's Adventure 31st Dec 16 at 12:20 PM
    Hello all

    I've been writing my mortgage free wannabe plans down in a book for a while now but decided to join this forum to help my focus a bit more and hopefully benefit from being cheered on and being told off when i need to be - plus my handwriting isn't that neat

    A bit about me - there's just me on this mortgage free journey - although my boyfriend lives with me and would love for us to be mortgage free - there's no getting him on board and i've given up trying to be honest - i've tried for years. Although he's now good at looking at bargains a bit more. We have our 3 cats who live with us too
    The mortgage - fortunately, I managed to remortgage earlier this year which saw a massive reduction in interest However, for affordability, i had to extend the term to 25 years. But i see this as being irrelevant, i've overpaid each month since remortgaging and plan on paying off the mortgage way before the new 25 year term.

    Ideally, i'd like to pay off the balance and have some savings at the end of my 5 year fix. i deliberately took a 5 year fix as I was looking for a new job, which i got, but as it's a different industry to what I was working in before i've had a bit of a paycut - which I expected hence the 5 year fix

    I've probably wittered on enough now - here's a cuppa and biscuits for all
Page 3
    • CharlieKat
    • By CharlieKat 15th Jul 17, 5:07 PM
    • 35 Posts
    • 84 Thanks
    CharlieKat
    Hi moominmamma89 - love your username Thank you - i will try those - hope they want the books.
    Mortgage: £140,000 £72,019.04
    Credit Card 1 8/7/17: £2771 £2684
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 15th Jul 17, 5:37 PM
    • 35 Posts
    • 84 Thanks
    CharlieKat
    Slight delay to update as a cat sat on me

    I've listed more things on the bay and have had a couple of sales too I'll do the shuffle and update my sig hopefully

    I've decided to do a bit of a wardrobe inventory - I've probably got too much stuff But that's because I made do with pretty much 2 outfits for work for a long time and went a bit overboard on sales shopping for new work wear when I got the new job which I was just made redundant from. It was a much more professional environment and involved meeting lots of clients - looking the part was important - I bought all my clothes cheaply though in the sales.

    Tally so far is

    work trousers: 6
    work skirts:
    work dresses: 9

    i was inspired by reading Jessy's diary about setting targets and was thinking what I could do. It's pretty obvious the target needs to be the target in my sig When I'm working the mortgage gets a set monthly overpayment which I can afford so it makes sense the target has to be clearing the card and raising extra cash for this. I'm not sure about setting a timescale for it though - I want it gone asap and by the end of the year would be fantastic but that would mean paying £450 a month I paid off my overdraft just before I was made redundant so am aiming to keep that account in a slight credit / at £0. I'm pleased to have that paid off and would love to reduce the cards down and especially to clear this one
    Last edited by CharlieKat; 15-07-2017 at 5:55 PM.
    Mortgage: £140,000 £72,019.04
    Credit Card 1 8/7/17: £2771 £2684
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 16th Jul 17, 12:55 PM
    • 35 Posts
    • 84 Thanks
    CharlieKat
    Sorting out my wardrobe has lead to me pledging not to buy any new clothes for 1 year The only exceptions will be - trainers - I need good trainers to run in to avoid damaging my already bad feet. I will of course, only buy these when they are a need I do already need new tights and this is something I'll need to get throughout the year so those will also be bought new I *may* need to buy an outfit for a wedding - I'm aiming to lose weight first to slim into something i already own - the problem at the moment with my weight is that I'd need to buy something as nothing appropriate fits me More motivation to lose the weight then But that is it. I will continue to pick up bargains at carboots if it's something that will fill a gap in my wardrobe but I don't tend to see alot at these anyway and only buy the odd 1 or 2 things. hopefully this will eek everything out over the next year

    i feel liberated by this As much as I love gorgeous clothes I feel my time has instantly been freed up no more traipsing round clothes shops, no more going back to return things, no more trying to fit something in the small cupboard of a wardrobe I have
    I'll obviously be wearing everything I own more and naturally using things up as they become worn-out

    Maybe not such a revelation for many, but, I'm in the right mindframe for this challenge and am fully committed to it - I'd only be cheating myself if i bought something and didn't confess all on here

    I don't have *loads* of clothes, what I do have is 1 cupboard wardrobe thing to store everything in - this includes sportswear and all outerwear - coats, jackets, waterproofs etc. I need to work better with the space I have - even though i'd love to live somewhere bigger and, therefore, have more space. This should help with that as less money spent on clothing

    I've listed a few more bits on the bay of e

    i've also started a new budget and a challenge will be sticking to the food budget which is really food, toiletries, cleaning products, cat food, wine or beer. Will see how I go on though - it is all the fresh stuff which pushes the cost up! The budget at the moment only has the monthly spends and not what i need to put away for annual and quarterly bills - home insurance, car insurance, car tax, car mot, gas and electric.Think and hope that's everything!

    A small amount of gardening has been done today so that is getting better as we learn where things will be better placed and work better with other things

    I need to try a dress on which I think i'll be listing for sale and then there's just 2 dresses i need to fit in my wardrobe and we're tidy, if a little crammed.

    Might try the dress on before we go for a walk then i may have something to list later today - and less to fit in my cupboard too

    i need to finish trying to sell the books as well as it got a bit disheartening the number they didn't want

    Ok, dress, walk, declutter and tidy
    Mortgage: £140,000 £72,019.04
    Credit Card 1 8/7/17: £2771 £2684
    No buying new clothes from 16/07/2017
    • Jessy103
    • By Jessy103 16th Jul 17, 2:58 PM
    • 328 Posts
    • 1,323 Thanks
    Jessy103
    Great work with the wardrobe sort out and the ebay sales!! Thank you for saying that my diary inspired you (I hope you meant mine and not another Jessy's! Lol!) that has really made my week!! I'm sure whatever target you decide to set you'll smash it!!! I've learnt alot from the lovely people on here and the main thing is not to overstretch yourself and enjoy life so you don't end up resenting what you are doing. As always I wish you the best of luck! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount April 2017 - £64,990.00
    Overpayment Target for 2017 - £5,000 /£2,672.76
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £275.96
    • CharlieKat
    • By CharlieKat 18th Jul 17, 11:37 AM
    • 35 Posts
    • 84 Thanks
    CharlieKat
    Of course I meant your diary Jessy hope to pop in there later to see what you've been up to
    Mortgage: £140,000 £72,019.04
    Credit Card 1 8/7/17: £2771 £2684
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 18th Jul 17, 11:42 AM
    • 35 Posts
    • 84 Thanks
    CharlieKat
    I had a terrible nights sleep last night and have got a super busy day today *yawn*

    Already been to Mr L for fruit and veg, garden centre for some bargainous plants and finished last of washing which i've yet to put away but now off to Mr M's.

    Have parcels to post from weekend sales as I didn't manage to do yesterday as I had 2 interviews in different locations and I've been offered a job I start tomorrow there is quite a bit of travelling but I'm hoping it won't be as bad as it seems and the job is part-time so hopefully that'll help with the travel too. i can only see and i can't wait to have a proper income again. It's less money than i was on before but it's more money than nothing so hopeful it will all go well.

    Rightio best dash - further updates later
    Mortgage: £140,000 £72,019.04
    Credit Card 1 8/7/17: £2771 £2684
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 18th Jul 17, 6:31 PM
    • 35 Posts
    • 84 Thanks
    CharlieKat
    Epic fail on the food shopping £64.49 i'm going to try and analyse this each week to see where i can make cutbacks.

    £2 plants - not a regular purchase

    £10 catfood
    £12.75 wine
    £20.39 fruit and veg
    £1.75 tinned veg
    £6.14 meat - including a reduced joint and a reduced chicken which I've frozen for future meals
    £3.99 milk (i'm lactose intolerant)
    The rest was just staples - really doesn't feel like there's much i could cut back on except the wine and my Mr pays towards the shopping anyway and it's nice (and cheaper) to sit at home with a glass of wine and a movie than to go out.

    I've lots left to do this week including:

    Planting herbs out and a bit of garden organisation
    Listing rest of items on the bay of e
    Sorting through wardrobe aka kondoing
    Finish emptying old work bag - i've found it very upsetting
    Try and sell books
    Quality time for me and my Mr (further down the list as likely to be towards the end of the week)
    Cut back on the glass of wine with our evening meal
    Get back into the gym (been a bit of a hermit)
    Finish budgeting as got new salary (am unsure of travel costs but this can of course be tweaked later)

    Oh and also major Was helping my Mr look for new trainers and tried some on for me - so comfy but didn't buy them as they aren't a *need* yet Also wasn't tempted with any of the clothes either

    I know what I'm wearing to work tomorrow and I'm going to play it by ear for the rest of the week depending on days / dress code / see what everyone else is wearing
    Mortgage: £140,000 £72,019.04
    Credit Card 1 8/7/17: £2771 £2684
    No buying new clothes from 16/07/2017
    • Jessy103
    • By Jessy103 19th Jul 17, 11:34 AM
    • 328 Posts
    • 1,323 Thanks
    Jessy103
    Congratulations on getting a new job Charlie!!! Fingers crossed it all goes well for you! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount April 2017 - £64,990.00
    Overpayment Target for 2017 - £5,000 /£2,672.76
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £275.96
    • Moominmamma89
    • By Moominmamma89 19th Jul 17, 1:38 PM
    • 162 Posts
    • 238 Thanks
    Moominmamma89
    Congrats on the job - hope today has gone well x
    Outstanding Mortgage - 141,962.13 (74% LTV)
    Current end date: March 2041 (originally August 2044)
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