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  • FIRST POST
    • michelle09
    • By michelle09 1st Jan 17, 4:24 PM
    • 581Posts
    • 2,724Thanks
    michelle09
    Plodding determinedly up a 300k mountain!
    • #1
    • 1st Jan 17, 4:24 PM
    Plodding determinedly up a 300k mountain! 1st Jan 17 at 4:24 PM
    Hi everyone! I have another thread on here but it is seriously out of date, so I figured I will start afresh. New year, new targets and all that.

    OH and I completed on our first house in May 2016. We had a sizeable deposit due to my ability to save and OH's inheritance. We could have afforded a decent flat but decided to buy a slightly rundown 3 bed end of terraced house and do it up while living in it. This seemed like a much better idea before we were living somewhere with a smashed in door, no hot water and only lighting in part of the house. So far we have plunged 20k into repairs (which sounds like a lot, but the doors, windows, bathroom, cloakroom, boiler, radiators, some of the wiring and floors are brand new). It's certainly been a character building experience, from turning up after completion to finding the old owner still living here, to getting the first batch of wiring fixed and discovering that every lightswitch in the house now turned on the kitchen light, but we are getting there slowly.

    The basic floorplan of the house we love, so once we are finished doing it up it will be brilliant. It's also in a great location, we are in London - hence the obscene price - but we are two minutes from the underground, can be in zone 1 in fifteen minutes from our front door, but can also be on the motorway out of London in the same time by car.

    We are now seeing the light at the end of the repairs, so in 2017 I want to start making a serious dent in our mortgage. I have taken on a second job and we have two friends renting our spare rooms - at mates rates - so it is a good time to start reducing the crazy interest rates!

    Figures -
    House Price: £440,000 *gulps*
    Mortgage: £259,700.00
    Student Loan: £19,103.29
    Repairs Estimate: £20k
    Monthly Mortgage Repayment: £940.87. 1.74% interest, lifetime tracker.


    I know that students loans are not a problem debt, but our aim is to try and clear the whole lot by the time OH is 40. Which gives us 13 years. This might be too much of a reach, but I would rather aim high and fall slightly low than not push. Though I may be relying on OH's lottery tickets actually paying off!

    Going to check out other diaries too, hopefully the support here will help.
    Last edited by michelle09; 01-01-2017 at 4:37 PM.
Page 9
    • daisy 1571
    • By daisy 1571 31st Dec 17, 1:59 PM
    • 205 Posts
    • 2,627 Thanks
    daisy 1571
    That's a lovely set of totals and targets Michelle

    Happy new year to you all

    Daisy xx
    "Never save something for a special occasion. Every day in your life is a special occasion" Take hold of every moment by anon

    The difference between what you were yesterday and what you will be tomorrow is what you do today
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 31st Dec 17, 2:12 PM
    • 3,874 Posts
    • 36,656 Thanks
    Secret Saving Squirrel
    Well done for all you have achieved this year.
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • beanielou
    • By beanielou 31st Dec 17, 3:16 PM
    • 49,511 Posts
    • 186,257 Thanks
    beanielou
    Good news on quick MRI appointment.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Kittenkirst
    • By Kittenkirst 31st Dec 17, 5:01 PM
    • 1,705 Posts
    • 9,064 Thanks
    Kittenkirst
    What fantastic numbers you have there Michelle! Loving the sound of your christmas reindeer planter too- what a bargain!
    2018 MFW #20 - OP £391.44/ £3000 13%

    Emergency fund £4K/ £6k
    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
    • Goldiegirl
    • By Goldiegirl 31st Dec 17, 8:35 PM
    • 8,404 Posts
    • 48,171 Thanks
    Goldiegirl
    Hi, just been reading your diary. You have achieved a lot this year, well done. I think your kitchen will be installed in a few weeks, so a lot of excitement to come!

    Sorry your foot isn't healing, must be very frustrating
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
    • greent
    • By greent 1st Jan 18, 8:53 PM
    • 6,660 Posts
    • 67,722 Thanks
    greent
    Fab achievements
    Happy New Year!
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £17.38/£1000 PAYDOX18 £0/£30k ?? Decluttered 136/2018 items
    • michelle09
    • By michelle09 3rd Jan 18, 8:20 PM
    • 581 Posts
    • 2,724 Thanks
    michelle09
    Thanks everyone!

    KittenKirst - it's adorable, I'm so fond of it. I was slightly tempted to go back and get a few more, have my own collection of reindeer planters.

    Christmas tree has been successfully planted back into the garden, pruned a few branches from the bottom so the rain can get to it. Also picked up some wrapping paper at 50p/roll on the way to work yesterday. Some is obviously Christmassy, but some isn't which is lovely.

    Had 2 hours of tuition last night and a student has come out of the woodwork for 2 more hours on Sunday, which is a good start to the year.

    Updated EDF with our meter readings this morning and our actual reading for today was less than their estimated reading from the beginning of December. So we have no electricity bill this month and it has wiped most of our gas bill too. Only paying £14 for gas/electricity in December which was perfect for this month.

    Mortgage day yesterday, the only overpayments I'm making for the next couple of months while we finish repairs, is rounding to the nearest whole number. Which this month was.... £1.32.

    Current Balance: £246,700.00
    Kitchen Savings: £10,500/£13,000
    • daisy 1571
    • By daisy 1571 3rd Jan 18, 9:55 PM
    • 205 Posts
    • 2,627 Thanks
    daisy 1571
    Thanks everyone!

    KittenKirst - it's adorable, I'm so fond of it. I was slightly tempted to go back and get a few more, have my own collection of reindeer planters. [/B]
    Originally posted by michelle09
    Would that be a herd ?

    Daisy xx
    "Never save something for a special occasion. Every day in your life is a special occasion" Take hold of every moment by anon

    The difference between what you were yesterday and what you will be tomorrow is what you do today
    • try harder
    • By try harder 4th Jan 18, 6:41 AM
    • 591 Posts
    • 2,103 Thanks
    try harder
    You sure have done amazingly well over the last year well done .
    • greent
    • By greent 4th Jan 18, 10:01 AM
    • 6,660 Posts
    • 67,722 Thanks
    greent
    Great result with the gas and electricity!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £17.38/£1000 PAYDOX18 £0/£30k ?? Decluttered 136/2018 items
    • michelle09
    • By michelle09 6th Jan 18, 4:51 PM
    • 581 Posts
    • 2,724 Thanks
    michelle09
    A herd works. Sadly, no more were left in Asda when we went this morning (OH didn't seem as disappointed as I was hoping for).

    Tomorrow's student has asked for three hours, which is a nice surprise.

    Been a slightly expensive day - paid the CC bill, my tax bill for 2016-17, the (nice and small) gas/electric bill. So at least my to do list is clearing. Also, exploited the Hotel Chocolat 50% off sale. OH loves their stuff, has a birthday in a few weeks, and doesn't mind if birthday comes in a Christmas theme. Plus it's currently on 10% cashback on TCB so it's down to 45% of the original price so I don't mind buying some.

    Got a meeting at a university on Monday, while it's not an interview, this may actually be more important so now curled up with the cat on the sofa and some journals to revise from. Got to look perfectly professional, dedicated and very smart. No pressure!

    Current Balance: £246,700.00
    Kitchen Savings: £13,000/£13,000
    • Busy Mee1
    • By Busy Mee1 6th Jan 18, 4:55 PM
    • 464 Posts
    • 1,932 Thanks
    Busy Mee1
    You are doing brilliantly well Michelle. I am sure you will be perfectly professional, dedicated and smart. Good luck !
    • michelle09
    • By michelle09 6th Jan 18, 5:17 PM
    • 581 Posts
    • 2,724 Thanks
    michelle09
    Thanks Busy Mee! I'm just nervous about being able to get onto one of these programmes. I am sure I am capable of succeeding if I get on - I got the highest mark on two of my three degree courses and have the support of people who have completed them before - but these are so competitive just to get funding that it's unreal. It's where I'm not sure I'll manage it.

    You could be easily fighting 100 people for every place (my friend and old coworker beat 170 for theirs) and in some ways it's who you know once you've hit the basic qualification bench mark. Monday's meeting might be my chance to get my foot in the door so am panicking a little.

    Of course, OH has pointed out that not getting does mean I also won't get the £20k/year paycut. So we would be financially much better off!
    Last edited by michelle09; 06-01-2018 at 5:20 PM.
    • Watty1
    • By Watty1 6th Jan 18, 5:18 PM
    • 2,986 Posts
    • 20,821 Thanks
    Watty1
    Am sure you will rock the professional dedicated and smart
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaid next mortgage. £79,491 down to £27152
    Knotted hanky fund now in full swing: £3776.40
    • muddywhitechicken
    • By muddywhitechicken 6th Jan 18, 6:37 PM
    • 3,853 Posts
    • 35,126 Thanks
    muddywhitechicken
    Best of luck for Monday's meeting
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£39,500
    Current total overpayments: ~£118,750
    • beanielou
    • By beanielou 6th Jan 18, 8:55 PM
    • 49,511 Posts
    • 186,257 Thanks
    beanielou
    Hope all goes well on MOnday.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Karmacat
    • By Karmacat 7th Jan 18, 11:26 AM
    • 28,346 Posts
    • 157,833 Thanks
    Karmacat
    Good luck for Monday! Hope it goes the way you want it to go.
    Retired August 2016
    • greent
    • By greent 8th Jan 18, 8:31 PM
    • 6,660 Posts
    • 67,722 Thanks
    greent
    Hope it went well today x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £17.38/£1000 PAYDOX18 £0/£30k ?? Decluttered 136/2018 items
    • michelle09
    • By michelle09 9th Jan 18, 12:12 PM
    • 581 Posts
    • 2,724 Thanks
    michelle09
    Thanks everyone! I think it went ok. It was a meeting with someone who would be my boss if I got the position, but isn't part of the recruitment team. I was hoping I'd be out of this type of recruitment (I don't get a say in the recruitment of any of my staff either, it's not ideal) but we will see?

    Not working today (hooray!) so am writing up my application for that position, which is a 10 page monster.

    Good MSE news - had a student with a last minute panic about an exam last night, so made £70 there. Sold our oven for £40 on FB, someone is coming to pick it up at the weekend. Not bad considering it would have been dumped with the rest of the kitchen! Paid overtime at work has been stopped due to budget cuts so gotta make the numbers up somewhere.

    Kitchen people came round for a check this morning, starts on Monday! Now in a wonderful mix of excitement that it's finally happening, panic becase there is so much to do and nerves that something will go hideously wrong. But in five weeks it should be all new and shiny.

    The cat loves one of the kitchen guys, was up on her hind paws sniffing his fingers the whole time. Really funny.

    Current Balance: £246,700.00
    • try harder
    • By try harder 12th Jan 18, 6:26 AM
    • 591 Posts
    • 2,103 Thanks
    try harder
    Five weeks is very quick .How exciting .
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