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  • FIRST POST
    • CharlieKat
    • By CharlieKat 31st Dec 16, 12:20 PM
    • 70Posts
    • 149Thanks
    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
    • 70 Posts
    • 149 Thanks
    CharlieKat
    Hi moominmamma89 - love your username Thank you - i will try those - hope they want the books.
    Mortgage: £140,000 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 15th Jul 17, 5:37 PM
    • 70 Posts
    • 149 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 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 16th Jul 17, 12:55 PM
    • 70 Posts
    • 149 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 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • Jessy103
    • By Jessy103 16th Jul 17, 2:58 PM
    • 467 Posts
    • 1,971 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 Oct 2017 - £61,990.00
    Overpayment Target for 2017 - £5,000 /£4,060.70
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £849.96 August - £255.11 September - £177.22 October - £381.61
    • CharlieKat
    • By CharlieKat 18th Jul 17, 11:37 AM
    • 70 Posts
    • 149 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 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 18th Jul 17, 11:42 AM
    • 70 Posts
    • 149 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 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 18th Jul 17, 6:31 PM
    • 70 Posts
    • 149 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 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • Jessy103
    • By Jessy103 19th Jul 17, 11:34 AM
    • 467 Posts
    • 1,971 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 Oct 2017 - £61,990.00
    Overpayment Target for 2017 - £5,000 /£4,060.70
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £849.96 August - £255.11 September - £177.22 October - £381.61
    • Moominmamma89
    • By Moominmamma89 19th Jul 17, 1:38 PM
    • 208 Posts
    • 355 Thanks
    Moominmamma89
    Congrats on the job - hope today has gone well x
    Outstanding Mortgage - 139,880.15 (73% LTV)
    Current end date: January 2041 (originally August 2044)
    • CharlieKat
    • By CharlieKat 22nd Jul 17, 8:42 PM
    • 70 Posts
    • 149 Thanks
    CharlieKat
    Thank you both - i did reply but seem to have lost the post

    There seem to be some nice people that work there which is good.

    The commute is a commute at the end of the day - i just have to accept it and get on with it.

    There's an awful lot more responsibility in the role than i expected - hopefully this will mean a chance for a payrise somewhere down the line.
    Mortgage: £140,000 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 22nd Jul 17, 9:08 PM
    • 70 Posts
    • 149 Thanks
    CharlieKat
    Planting herbs out and a bit of garden organisation Done but still have some more things in the garden to do - i've planned to do the next bit next week otherwise it is too much to do all at once
    Listing rest of items on the bay of e 2 items still to do
    Sorting through wardrobe aka kondoing nope
    Finish emptying old work bag - i've found it very upsetting nope
    Try and sell books made a start
    Quality time for me and my Mr (further down the list as likely to be towards the end of the week) Done
    Cut back on the glass of wine with our evening meal Done but need to keep on it and cut back some more
    Get back into the gym (been a bit of a hermit) nope
    Finish budgeting as got new salary (am unsure of travel costs but this can of course be tweaked later)nope

    Hmm not much achieved on the above and i feel like i've not stopped!

    i cancelled the classes i booked at the gym last week as just too tired after starting new job and travelling - will be back this week though

    I've done quite a bit in the garden and looking forward to getting all the heavy stuff finished next week hopefully.

    This morning was taken up with visiting relatives and helping them with things which took me up to early afternoon. I was exhausted after being awake since before 4am and not being able get back sleep but thought i'd best get on with planting as soon as i got in otherwise it wouldn't be done. Planting done. then into house, all pots washed, dried and put away, 2nd lot of washing put on, first lot of washing put away. used up fruit and veg in 3 recipes so house smells divine, if i do say so myself and slow cooker still doing it's magic pots washed, dried and moved, 2nd lot of washing dried and moved. Bay of e items listed. Went to get in shower - no hot water spent last 2.5 hours trying to fix the boiler

    Was hoping do some studying and catch up with diaries but think i'm giving up any further repairs and having an early night instead. Hope everyone is well and i hope to catch up with you all soon
    Mortgage: £140,000 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • EatingTheElephant
    • By EatingTheElephant 22nd Jul 17, 9:17 PM
    • 1,152 Posts
    • 6,177 Thanks
    EatingTheElephant
    Just caught up and wanted to say congratulations on the new job. I'm not surprised you cancelled the gym sessions, new job, with a commute as well, is bound to take a while to get used to.

    I hope you manage to get the boiler sorted soon.
    • michelle09
    • By michelle09 23rd Jul 17, 1:19 PM
    • 395 Posts
    • 1,472 Thanks
    michelle09
    Congrats on the new job! I have a fairly long commute but have found that if I have things to do - respond to messages/mark essays for students/read books etc. it actually goes quite quickly. And then I like to pretend that I get less frustrated by train delays (HA!).

    Not so good on the boiler though, have you managed to fix it?
    • CharlieKat
    • By CharlieKat 29th Jul 17, 4:38 PM
    • 70 Posts
    • 149 Thanks
    CharlieKat
    Thank you for the well wishes Michelle and EatingTheElephant

    Still very tired - this commute is a drive as it's not get to-able easily, or cheaply, by public transport - i really need to keep an eye on the petrol spends to see how much the job is costing me - it's not near any shops so i am always organised with food which is good - and i found the microwave this week so should be able to start having some soups etc - especially when the weather gets a bit colder
    Mortgage: £140,000 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 29th Jul 17, 5:17 PM
    • 70 Posts
    • 149 Thanks
    CharlieKat
    I'm shattered i really need to look at our food spends and ensure i can buy fruit and veg as cheaply as possible to ensure a healthy diet - this is where i'll recoup my energy from - trouble is - i'm too tired to look at it Has to be a priority as health really does need to come first

    I've sold a few bits on the bay which is and found a few bits i thought i could sell but they aren't good enough But still, it's things out of the house

    I had a fairly good day 'shopping' at the carboot last week - for £6 i got: - 1 going out top, 2 new summer jackets to update my work wardrobe (will mean black dresses i wear year round will feel refreshed ) 5 work tops and 1 dress These all go towards filling the gaps in my wardrobe which I'd identified during my clearing out and re-organisation. So i'm really pleased with that haul and they were all really good high street makes too

    i also picked up some unused toiletries which i'll use - both creams and cleansers etc - much cheaper than me buying them as i need them and they're a fairly regular spend for me so some good savings there too

    I also bought some books to read - they weren't the cheapest, or I'd have bought more, I love reading but i'd not heard of either the authors / titles so could only go off the stall holders recommendations based on our nice chat on what i normally like to read - figured it was worth a few pound spend I'm looking forward to starting one based on her recommendation - but i need to finish the one i'm reading now before i do that

    Next week we have someone coming out to give us a quote for some work we need doing - hopefully we can then move forwards with the work on the house that needs to be done.

    This week i was able to move all money into required bills accounts and I also managed to put some into savings too - i was going to leave the money in my account until the end of next month when my 10% overpayments allowance resets and then use it to start the repayments. Had a rethink on this as adopting the 'pay yourself' first approach has been working for me and i thought it best to move the funds into savings as i'd planned to at the start of this journey last year

    Any advice? I've been reading about peoples bargainous purchases for meals out etc and have been looking at an afternoon tea - i've never had one before - goodness knows why as i love cake, sarnies and drinks The place which has the offer on is doing a really good deal as it includes a drink as well. But it's spending money! hence my dilemma!! I know everything should be about balance but as i'm only just back in work, and that work is part-time i'm thinking if i should just prioritise my mortgage and bills? This would be going out with a family member so going some way towards this years target of spending quality time with people.

    And finally... house i *think* i'd love has come up for sale - why do i check the selling site I clearly can't afford it - had a period of being out of work and on jsa, still trying get money owed from company which closed down, income has reduced and am working part-time. Still, it gives me something to aim for and i guess i've an idea how the local market is and more encouraged to pay this mortgage down and not fritter money away (hence added dilemma noted above).
    i do also *think* if i was in a position to buy it i wouldn't, as i'd say it's overpriced by £50k - hard to please, moi? It's much easier once you're in somewhere to have an idea of the size. I live in a tiny home, and whilst what i'm looking at is apparently 4 bed some of the rooms look really small - as in - where will my clothes go? does it have wardrobes? like i say, you can't tell just from pictures though *and* i'm probably trying to put myself off as if i was in a good position i'd be viewing it hey, ho really should take it as encouragement to focus on making this home the best we can whilst we reduce what we owe *positive thoughts*
    Mortgage: £140,000 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • Jessy103
    • By Jessy103 30th Jul 17, 9:45 AM
    • 467 Posts
    • 1,971 Thanks
    Jessy103
    Personally I think you should do the afternoon tea! Sounds like you've had a rough time recently with being out of work so you deserve a treat! I'm always on Rightmove looking at houses I can't afford but I think it does help motivate you! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount Oct 2017 - £61,990.00
    Overpayment Target for 2017 - £5,000 /£4,060.70
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79 July - £849.96 August - £255.11 September - £177.22 October - £381.61
    • CharlieKat
    • By CharlieKat 4th Aug 17, 2:59 PM
    • 70 Posts
    • 149 Thanks
    CharlieKat
    long time no post

    I might try and get up for work earlier to give me chance to pop on here more frequently - I'd post in my lunch but it is too fiddly on my phone and internet usage is very heavily monitored - wouldn't want people i work with seeing my bills and ramblings especially after the day i've had today

    Ignore the below if you want but needed to 'talk to someone' as it were.

    It looks like my travel costs to work will be quite a bit more than anticipated - i did read the guide on here about driving efficiently and have been doing everything already except i'd already filled the car up with petrol. I'm thinking now a full tank will do 2 weeks rather than a month - note to self - Budget to be adjusted when have true cost

    Then the boiler has been playing up. I mentioned this previously and had got it working again but it's been intermittent and neither of us are happy, and a bit grouchy, about freezing cold showers, boiler man been and been paid but there's more to be done with replacement parts On the plus side, at least it should be set for winter with the service being done.

    Had a large unexpected bill arrive It seems i was over refunded some money a while ago - i've gone over and over the paperwork and spoken them (and cried whilst doing so) Whilst there was no way of me knowing this at the time, i now have to pay it back. After weeks of being without any money and now working only part-time

    Back with a more positive post soon x
    Mortgage: £140,000 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 4th Aug 17, 6:24 PM
    • 70 Posts
    • 149 Thanks
    CharlieKat
    Slightly longer than expected delay. However washing up done, dried moved, tea made, eaten, washing up done, dried, moved washer also on for 2nd load this week. More importantly, it's Friday night and I have a glass of wine

    Before all the rubbish happened today / last few days, as noted above I'd been feeling a bit more positive (have been very down and upset with being out of work all this time) and I've thinking about targets, this year, 5 years, where i want to be with things financial, health, personal etc. It seemed a natural time to think about this as this is the month my 10% overpayment target re-sets - so a mortgage year, rather than a usual year.

    I'd made some good decisions Well i think so anyway

    This year I want to:-

    Overpay the mortgage by the allowed 10% (any more and there are penalties)

    Increase savings pot 1 by £5,500

    Start a regular s&$ 1sa

    Pay off 2 of my credit cards

    Declutter my home

    Successfully pass current study course

    Successfully pass next study course - specifically linked to my job and career goals - starts and ends before end of mortgage year

    Try new hobbies / interests to see if anything sticks

    That'll do for now. I'm not going to try and do everything at once but start one thing and then move onto the next.

    I'm working part-time and my wages are pretty low so things like savings and paying off credit cards will come from making extra money. I need to think about this alot more. The decluttering should help with extra income but I've just done my jewellery (again) and there is nothing left to part with from this. Not sure how successful I'll be in other areas

    The state of the house has been getting me down to - it got into a bit of a mess as i was working so many hours at ex job and when i was made redundant i was too upset to do anything much really Today i've cleared the top of my bedside cabinet, as well as doing my jewellery, small but good steps and do feel better looking at how clear that area looks now

    To clear the 2 cards in a year I'd need to be paying about £17.50 a day shocked myself when i worked that one out - i really don't have alot left to sell, and certainly nothing of any value - so as i said, serious thought required here.

    As a part of trying new things and being happier with each day and week I'm going to get back to my gym classes <- that'll be me but with more wobbly bits I'm out of shape at the moment which is also upsetting, and i'm tired from travel to work and concentrating all day learning new role Still, introducing these classes will be good for me and i'll be using my membership as well as gym clothes - so they'll be earning their keep
    Mortgage: £140,000 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 4th Aug 17, 6:50 PM
    • 70 Posts
    • 149 Thanks
    CharlieKat
    I've updated sig to show mortgage balance and balance of card i'm overpaying now.

    I've also had a little play on the overpayment calculator - i'm not sure if there's a calculator to work things out more precisely for me but think it is an ok guide anyway. i can't think to work it out but my overpayments are capped at 10% which I pay off as soon as i can but will take about 10 months to do with regularly paying the most i can afford to. On the calc i've just worked out 10% allowance, divided that by 12 and put that in as though i'm paying it over 12 months.

    Just heard the happy ker-ching of a sale on the bay so once that's paid i'll get it paid off credit card
    Mortgage: £140,000 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
    • CharlieKat
    • By CharlieKat 4th Aug 17, 6:51 PM
    • 70 Posts
    • 149 Thanks
    CharlieKat
    Personally I think you should do the afternoon tea! Sounds like you've had a rough time recently with being out of work so you deserve a treat! I'm always on Rightmove looking at houses I can't afford but I think it does help motivate you! x
    Originally posted by Jessy103
    Thanks Jessy - i've done it - but after getting that bill today sortof wished i hadn't. Anyway, it's paid for now so just got to enjoy it
    Mortgage: £140,000 £68,490.66
    Credit Card 1 8/7/17: £2771 £1,546
    ,
    No buying new clothes from 16/07/2017
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