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  • FIRST POST
    • Suffolk lass
    • By Suffolk lass 28th Jan 17, 12:18 PM
    • 1,282Posts
    • 15,737Thanks
    Suffolk lass
    Get a grip woman!
    • #1
    • 28th Jan 17, 12:18 PM
    Get a grip woman! 28th Jan 17 at 12:18 PM
    Having been reading a number of people's debt-free wannabe diaries for some time now, I have finally decided I will start my own.

    We are less than three years from wanting to stop work, and less than ten years from state retirement age. I manage our household finances and DH lets me get on with it. His attitude is more "live for today" so we are a good balance, I think. We have two holidays each year and sometimes more - and he has some boys toys - 2 Harley Davidson motorcycles in the garage, that seem to always need money spending on them. That said, there is more to be said in favour of a happy and contented DH than against them so I don't resent them in any way.

    So to debts - It seems a good time because I have recently finished the finance on my car, and as of yesterday, paid off the finance for DS's car (I borrowed from him 18 months ago and paid back by buying his car on finance and paying his insurance). I was paying 4.7% on that debt so it was my highest priority. I paid it off 10 months early using most of my HSBC Regular Saver that matured this week.

    The debts I have currently are:

    £110,621 - Mortgage - interest rate of 0.74% (0.5 above the BoEBR)
    £3,476 - DH's car - 0% credit card until Sept 17 - a £4000 cash advance with a £76 fee
    £8,755.54 - Barclays Finance for double glazing 0% over 2 years 2/24 paid

    Total £122,852.54

    It isn't that I can't afford to keep up payments, it is more that I want us to start our non-work phase without them hanging over us, if you know what I mean.

    I think that will do for a scene setter.

    SL
    MFiT T4 #2 update 25.95% after Q5
    Save £12k in 2017 #64 - £4340.03/£4583.33 (39.45%/41.66%) after May - my annual target is £11,000 (Save £12k in 2016 thread £10,488.04/£10,000)
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 40.12/41.67% including stores after May
    Reading and learning about investing...
Page 7
    • Treadingonplaymobil
    • By Treadingonplaymobil 8th Jun 17, 5:04 AM
    • 666 Posts
    • 5,443 Thanks
    Treadingonplaymobil
    How exciting re the pics and viewing!
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 6th June 17/DFD: £56,025.55/1st March 2025
    • trix-a-belle
    • By trix-a-belle 9th Jun 17, 10:14 AM
    • 685 Posts
    • 2,993 Thanks
    trix-a-belle
    Well that's it - the agent came round and took all the pics today and will email me the words as soon as he's written them up. We might have a viewing on Friday (OMG! panic, panic, the stuff stashed in places it didn't ought to be!) It will have to wait until tomorrow. I am shattered tonight after completely blitzing the whole house today. Thank goodness I worked a 15 hour day Tuesday. Absolutely no guilt about doing very little for work today.
    Originally posted by Suffolk lass
    fingers crossed for you today SL if it is going ahead. remember the dishwasher and under the beds with a blanket over the bed are your friend. also if needs be just chuck stuff in the back of the car while they are there.
    i've got a 2nd viewing on mine tomorrow so yay more cleaning but am going to see another one myself today just round the corner from the one i had already fallen for just to keep my options open
    - Mortgage: £ 53000 0! Mortgage Free!
    - Student Loan: £ 7100 0!
    Swagbucks, Neobux, GiffGaff, Roamler, Qmee & Quidco; thank you MSE every little bit helps
    MFiT-T4
    • Suffolk lass
    • By Suffolk lass 9th Jun 17, 10:29 AM
    • 1,282 Posts
    • 15,737 Thanks
    Suffolk lass
    fingers crossed for you today SL if it is going ahead. remember the dishwasher and under the beds with a blanket over the bed are your friend. also if needs be just chuck stuff in the back of the car while they are there.
    i've got a 2nd viewing on mine tomorrow so yay more cleaning but am going to see another one myself today just round the corner from the one i had already fallen for just to keep my options open
    Originally posted by trix-a-belle
    We did that before buying our current place - we went to see another four - just to make sure this was it - and it was - and we still love it here. Haha, the car is full of boxes at this moment as I have other things to sort today (helping with a drinks party for 65 with canapes tonight!)

    The new place just offers an option for us to develop a property from the ground up and to build a second residential annexe for our Son. And there is no through traffic to speak of because it is a green lane that is metalled up to the property and then an unmade byway beyond that.

    That sort of back of beyond thing really appeals but in reality there need to be enough vehicles for the road to stay clear. There should be five if all the plots with redundant cattle sheds on get developed into single dwellings. I've made an appointment to see the Heritage Team in the local planning department and take what we have so far so they can advise before we put in a planning application (unlikely to do that until we have completed on the purchase, IF all goes ahead).
    Last edited by Suffolk lass; 09-06-2017 at 11:08 AM. Reason: Correcting my typos!
    MFiT T4 #2 update 25.95% after Q5
    Save £12k in 2017 #64 - £4340.03/£4583.33 (39.45%/41.66%) after May - my annual target is £11,000 (Save £12k in 2016 thread £10,488.04/£10,000)
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 40.12/41.67% including stores after May
    Reading and learning about investing...
    • trix-a-belle
    • By trix-a-belle 9th Jun 17, 3:06 PM
    • 685 Posts
    • 2,993 Thanks
    trix-a-belle
    We did that before buying our current place - we went to see another four - just to make sure this was it - and it was - and we still love it here. Haha, the car is full of boxes at this moment as I have other things to sort today (helping with a drinks party for 65 with canapes tonight!)

    The new place just offers an option for us to develop a property from the ground up and to build a second residential annexe for our Son. And there is no through traffic to speak of because it is a green lane that is metalled up to the property and then an unmade byway beyond that.

    That sort of back of beyond thing really appeals but in reality there need to be enough vehicles for the road to stay clear. There should be five if all the plots with redundant cattle sheds on get developed into single dwellings. I've made an appointment to see the Heritage Team in the local planning department and take what we have so far so they can advise before we put in a planning application (unlikely to do that until we have completed on the purchase, IF all goes ahead).
    Originally posted by Suffolk lass
    oooohh do you want a neighbour? that sounds lovely. my mind keeps going back to doing something purpose built or a full renovation but i don't think my funds quite stack up for it.

    This mornings one was nice, opportunity to put your own stamp on it as it needs most everything except the kitchen eventually doing & flexible options for me for a workshop but I didn't feel the tug as much and its bigger than is logical
    - Mortgage: £ 53000 0! Mortgage Free!
    - Student Loan: £ 7100 0!
    Swagbucks, Neobux, GiffGaff, Roamler, Qmee & Quidco; thank you MSE every little bit helps
    MFiT-T4
    • Suffolk lass
    • By Suffolk lass 9th Jun 17, 3:48 PM
    • 1,282 Posts
    • 15,737 Thanks
    Suffolk lass
    oooohh do you want a neighbour? that sounds lovely. my mind keeps going back to doing something purpose built or a full renovation but i don't think my funds quite stack up for it.
    Originally posted by trix-a-belle
    Well the cheapest plot is under offer for £150,000 with a third of an acre and no planning consent yet but permissible development of 1300sq feet (that means a 1.5 storey 3 bed house to be built and the old metal framed barn removed or adapted) and the cattle shed with the smallest plot asking £225,000 and the largest cattle shed (half an acre) for £350,000. The report talks about converting but it actually means remove the building and build on the concrete pad.
    MFiT T4 #2 update 25.95% after Q5
    Save £12k in 2017 #64 - £4340.03/£4583.33 (39.45%/41.66%) after May - my annual target is £11,000 (Save £12k in 2016 thread £10,488.04/£10,000)
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 40.12/41.67% including stores after May
    Reading and learning about investing...
    • Suffolk lass
    • By Suffolk lass 16th Jun 17, 8:01 AM
    • 1,282 Posts
    • 15,737 Thanks
    Suffolk lass
    Well, we are up on the online house sale sites as of Wednesday. I was working away for the last two days so left the agent with a key. Pleased to say they organised two viewings yesterday. I need to ask for candid feedback today.

    My diet has been terrible for two days and I feel sluggish and achy today. I think I will fast until this evening to see if I feel better. Lots of tea, coffee and water though!

    It is dilemma time. I can see my CC is over £1k next month (second month running). Do I let my cash balance in my C/A sit there, or move it to the savings emergency fund, or pay a lump off the mortgage?

    I will ponder. I do like the idea of paying a lump off the mortgage but with the prospect of moving I have a survey and solicitors to find money for too. There again, I am way behind my ambitious target in the MFiT Take 4 challenge. And I need the extra £2k in the emergency savings pot to pay off the 0% CC in two months time and I am about £1500 short as of today. And I am also slightly behind where I should be on my annual savings challenge target (should be at £5,500 by the end of June).
    MFiT T4 #2 update 25.95% after Q5
    Save £12k in 2017 #64 - £4340.03/£4583.33 (39.45%/41.66%) after May - my annual target is £11,000 (Save £12k in 2016 thread £10,488.04/£10,000)
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 40.12/41.67% including stores after May
    Reading and learning about investing...
    • Suffolk lass
    • By Suffolk lass 16th Jun 17, 12:17 PM
    • 1,282 Posts
    • 15,737 Thanks
    Suffolk lass
    Compromised on savings and moved my expenses from one account and tidied down to the nearest hundred on the other. That means I will be the right side (just a smidge over 50%) of our savings target for this year by the end of June.

    I am pleased with this as it builds a bit of contingency in for some of the expensive things we have to look forward to.

    Just had a call for another viewing tomorrow morning. Right, that means I need to get a wiggle on now!
    MFiT T4 #2 update 25.95% after Q5
    Save £12k in 2017 #64 - £4340.03/£4583.33 (39.45%/41.66%) after May - my annual target is £11,000 (Save £12k in 2016 thread £10,488.04/£10,000)
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 40.12/41.67% including stores after May
    Reading and learning about investing...
    • Suffolk lass
    • By Suffolk lass 21st Jun 17, 10:10 AM
    • 1,282 Posts
    • 15,737 Thanks
    Suffolk lass
    House update
    On Saturday we had a third viewing. I was in the midst of preparation for an afternoon tea and early evening meal I was providing for a dozen friends. It seemed to go well. The people were very positive.

    Yesterday they asked for a second viewing to check out the bedroom sizes. The feedback is that it works for them and they love it. Their house is not on the market (yet) so no offer (yet?).

    I am off to talk to the planners today, to see if our hopes for the prospective new house are acceptable to them.
    MFiT T4 #2 update 25.95% after Q5
    Save £12k in 2017 #64 - £4340.03/£4583.33 (39.45%/41.66%) after May - my annual target is £11,000 (Save £12k in 2016 thread £10,488.04/£10,000)
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 40.12/41.67% including stores after May
    Reading and learning about investing...
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