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  • FIRST POST
    • Suffolk lass
    • By Suffolk lass 28th Jan 17, 12:18 PM
    • 1,525Posts
    • 17,303Thanks
    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 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
Page 8
    • Hiddenidenity
    • By Hiddenidenity 15th Jul 17, 11:19 AM
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    • 23,177 Thanks
    Hiddenidenity
    Don't be too harsh on yourself. Take some time, sit and work out how you'll turn things around then smash on with it with a smile and maybe a the odd bar of chocolate or slice of cake for good measure.

    You've made some amazing progress. Don't forget that x
    DFW £1388.71/£7348.71 Rent Arrears £511.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • Suffolk lass
    • By Suffolk lass 16th Jul 17, 7:34 AM
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    Suffolk lass
    Thanks UncannyScot and Hidden, It really does help to have a bit of encouragement.

    We went to a barn dance with two friends last night and had a really good laugh (although the food has been repeating on me ever since). It is good to laugh. While I was in the queue for the loo, one of the women I work with on the lunches came and asked me about the For Sale board and said how upset people who she had spoken to are, that we are moving. And then my Husband's Beekeeping mentor (yes, really) came and sat with me and said he wished me luck with the sale but he hoped we would not leave. It is amazing how many people have told us they don't want us to move.

    It's fate really isn't it. Maybe there is something much more serious wrong with the house we want to buy than we can see, and this is life's way of saying we don't have enough money to do it. I have no intention of being one of Gorgeous George's precarious projects, or giving Kevin McCloud the opportunity to talk earnestly to camera about the demerits of someone's (my) project.

    All the media reports are that Estate Agents have fewer houses on their books than ever before. Perhaps I am in a mini housing crash

    I am up and doing the washing early this morning because my cat fell off the pile of duvet, cover and blanket on the narrow table under the window in our bedroom. She had been sleeping on it in "Princess and the Pea" mode and it all went wrong. The thud woke me and I leapt out of bed. She was standing there looking dazed and confused next to the pile of bedding. Well that's it, I'm awake now! so much for my Sunday morning lay-in!
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • trix-a-belle
    • By trix-a-belle 16th Jul 17, 8:16 AM
    • 758 Posts
    • 3,201 Thanks
    trix-a-belle
    lol i can just imagine the look on the cats face SL!

    It does sound like the universe is trying to tell you something regarding the possible move. fingers crossed you are happy with the outcome either way. do get the agent to earn their money and prod the ones who were so keen though (is that the ones who werent on the market yet?)

    do you have a contract in place with your sons lodgers? there seem to be far too many doing flits and leaving you out of pocket, perhaps its time to make it more formal and you choose the person rather than him just getting any old mate in, I don't mean to sound harsh but i'm sad your son isn't making an effort to stand on his own two feet more and be an adult you can't be there to protect him all his life & you really don't need the stress when you are looking after DH, your mum and yourself
    Last edited by trix-a-belle; 16-07-2017 at 8:19 AM.
    - 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 16th Jul 17, 8:38 AM
    • 1,525 Posts
    • 17,303 Thanks
    Suffolk lass
    Thanks Trix - It's not really a case of him standing on his own feet financially. I refer to it as my Son's house because he owns 25% of it (we gifted him some when we bought it) and he lives there. The other 75% is ours and DH runs it and the finances.

    The lodger did have a contract - and doesn't owe us anything - one month's notice on either side. We have been fleeced once, by a so-called friend of our Son's. I still find it completely appalling that a "friend" should think it is acceptable to steal from a friend's parents. Because of the house move prospect I think we are going to suggest no new lodger for a while. It might be fate.

    We could sell that house first and top up the proceeds with additional borrowing on this house to secure the dream derelict so having no tenant to worry about would make that more straightforward. It is under consideration but I don't think we will put it on the market until Autumn at the earliest so we will cover the expenses (we elected to double glaze it a year ago - our Son would never have had the surplus funds to do that). He covers the bills though.
    Last edited by Suffolk lass; 16-07-2017 at 8:42 AM.
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Suffolk lass
    • By Suffolk lass 21st Jul 17, 9:17 AM
    • 1,525 Posts
    • 17,303 Thanks
    Suffolk lass
    Well, this month is rather squeaky for finances - for me both June and July are five week shopping months. Not good.

    While we are eating loads of veg from the garden, I confess that courgettes are losing their appeal - I just pick them smaller so we can keep on top of the glut! and I still seem to be spending more (I suspect alcohol - it's so easy to pick up a pack of beers and a couple of bottles of wine or Pimms as I stroll around the sm).

    Anyway, today is our wedding anniversary and we have a lovely surprise cheque from my lovely Mum. So appreciated.
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Hiddenidenity
    • By Hiddenidenity 21st Jul 17, 9:20 AM
    • 5,064 Posts
    • 23,177 Thanks
    Hiddenidenity
    Happy Anniversary

    Have a lovely day x
    DFW £1388.71/£7348.71 Rent Arrears £511.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • JoJoC
    • By JoJoC 21st Jul 17, 9:28 AM
    • 1,234 Posts
    • 3,918 Thanks
    JoJoC
    Happy Anniversary to you and your other half! I hope you enjoy some courgettes and wine to celebrate
    CC1: £3804.52 / £3704.32 £100.20 paid | CC2:£5027.53 / £4927.48 £100.05 paid | Loan: £15,000 / £13,932.24 (£1067.76 paid)

    July debt total: £23,832.05 | New debt total: £22,564.04 | Total debt paid: £1,268.01 (5.3%)
    *My debt busting and savings diary*
    • Karmacat
    • By Karmacat 25th Jul 17, 1:28 PM
    • 27,854 Posts
    • 152,665 Thanks
    Karmacat
    Happy Anniversary for last week

    Have you made courgette pickle and whatnot, to help cope with the glut?
    Retired August 2016
    • boxofpaws
    • By boxofpaws 26th Jul 17, 9:01 AM
    • 404 Posts
    • 1,719 Thanks
    boxofpaws
    Happy Anniversary!

    I got a glut of courgettes last year and made courgette and chorizi soup. I grated courgette onion and potatoes, and then blitzed half of it in the blender and then mixed it all together to get a chunky-ish consistency then added finely chopped chorizo. Yum
    Debt 03/01/17 = £42000
    Debt today = £31900
    • Suffolk lass
    • By Suffolk lass 26th Jul 17, 8:34 PM
    • 1,525 Posts
    • 17,303 Thanks
    Suffolk lass
    Thank you for all the good wishes and for the cooking suggestions. As we are about to go on holiday for more than a fortnight I am going to roast all the courgettes I have on Sunday in olive oil with Salt, pepper and chilli flakes and then freeze them all to make into soup as and when (easier to store in the freezer in plastic bags in lumps than as soup). Then I think any left when we return I shall make that walnut and courgette pickle that sounds fab.

    And it's so good to see you back Paws!
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Suffolk lass
    • By Suffolk lass 30th Jul 17, 9:14 AM
    • 1,525 Posts
    • 17,303 Thanks
    Suffolk lass
    30th July update
    DEBTS

    £110,621 £103,999.83 (£6,621.17 paid so far) - Mortgage
    £3,476 £2,276 (£1200)- DH's car (payment on 22nd)
    £8,755.54 £5,969.30 (£2,785.84) - Barclays Finance for double glazing

    Total £122,852.54 £112,245.53 - that is £10,607.01 or 8.63% paid off so far.


    SAVINGS
    £12,138.48 (aiming for £10,000+£2000) Emergency fund today - I need £2,076 to clear the 0% CC by 1st September so carrying on.
    £12,397.07 S&S ISA with Fidelity International (original £10,000 4 years ago, no further capital added) a reduction this month due to the stock market
    £5,887.15 DH's S&S ISA with Charles Stanley Direct also a reduction this month
    £3,131.75 2 year Bond with Skipton BS @ 4% Finishes in early 2018
    £10,947.52 7 year bond with Skipton BS - matures Oct 20
    £38,630.43 £44,501.97 Total actual cashable savings

    Shortfall -£67,743.56 (all debts)

    Everything in stock market investments has reduced a little this month and our overall savings will reduce again when I return from holiday as the 0% interest on our credit card runs out on 1st September so I need to pay that off in the last week of August.

    No further viewings on our house this month. According to local agents the whole market is flat as everyone goes on holiday and no half-year bonuses are due until September. Typical!

    Our lodger has moved out meaning a shortfall in the funds to pay for the replacement windows at our house we own with our Son - so the £200 per month I have been paying down the credit card balance by has another use already!

    My diet has improved a bit and we have been living off fruit and veg from the garden. So it's not all doom and gloom - just very slow progress. I shall have a think while we are away.
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Suffolk lass
    • By Suffolk lass 30th Jul 17, 9:18 AM
    • 1,525 Posts
    • 17,303 Thanks
    Suffolk lass
    By the way, I roasted all the courgettes in olive oil, salt pepper and chilli flakes and they are in a plastic bag in the freezer, ready to make soup!

    We braided loads of shallots yesterday and they look lovely, and will store well, with all the small ones now pickled - Just the main crop onions to deal with now.

    And beans - I need to string and freeze runners and french beans - lots of them!
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • boxofpaws
    • By boxofpaws 6th Aug 17, 8:30 AM
    • 404 Posts
    • 1,719 Thanks
    boxofpaws
    Not sure if you're on holiday or about to go but have a wonderful time
    Debt 03/01/17 = £42000
    Debt today = £31900
    • Suffolk lass
    • By Suffolk lass 6th Aug 17, 9:02 AM
    • 1,525 Posts
    • 17,303 Thanks
    Suffolk lass
    Not sure if you're on holiday or about to go but have a wonderful time
    Originally posted by boxofpaws
    Thanks Paws - we've just arrived at the Villa we rent. Husband outside watering the pots and getting the monster paddling pool ready to fill - good alternative to swimming pool when it is 37c as when we arrived yesterday. Hopefully it will storm tomorrow as predicted. Who knew we would be hoping for rain!
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Karmacat
    • By Karmacat 6th Aug 17, 11:46 AM
    • 27,854 Posts
    • 152,665 Thanks
    Karmacat
    Have a great time out there enjoy the storm!
    Retired August 2016
    • Hiddenidenity
    • By Hiddenidenity 6th Aug 17, 11:52 AM
    • 5,064 Posts
    • 23,177 Thanks
    Hiddenidenity
    Have a good time! x
    DFW £1388.71/£7348.71 Rent Arrears £511.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • Suffolk lass
    • By Suffolk lass 23rd Aug 17, 10:34 PM
    • 1,525 Posts
    • 17,303 Thanks
    Suffolk lass
    Well, here I am, back from holiday with two months of high credit card bills to look forward to. The first thing I did on-line when we got home was to raid our emergency savings pot, moving money to the current account so that I could clear the balance of the 0% credit card before the deal expires on 31st August.

    I have mixed emotions - on the one hand, I resent moving money back from savings to current account, but on the other hand I am relieved it has gone and I had almost £1500 in the current account so instead of needing to move over £2000 it was only £600. I am trying not to be too obsessive but I am going to check if the payment has gone yet (still showing uncleared and pending on the credit card account yesterday)
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Suffolk lass
    • By Suffolk lass 24th Aug 17, 3:01 PM
    • 1,525 Posts
    • 17,303 Thanks
    Suffolk lass
    It's cleared. I have checked the account and it shows zero balance and confirms they will not collect my direct debit balance next month.

    Hooray!
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Suffolk lass
    • By Suffolk lass 26th Aug 17, 7:45 AM
    • 1,525 Posts
    • 17,303 Thanks
    Suffolk lass
    End of August update
    DEBTS[/B]

    £110,621 £103,664,98 (£6,956.02 paid so far) - Mortgage
    £3,476 £0 (£3,476)- DH's car - paid off on 21st Aug 17
    £8,755.54 £5,571.72 (£3,183.82) - Barclays 0% Finance for double glazing

    Total £122,852.54 £109,236.7 - that is £13,615.84 or 11.08% paid off so far.


    SAVINGS
    £12,444.32 - this exceeds our emergency fund aim - I need to decide what to do with this now - more in another post
    £12,549.27 S&S ISA with Fidelity International (original £10,000 5 years ago, no further capital added)
    £5,988.63 DH's S&S ISA with Charles Stanley Direct]
    £3,136.51 2 year Bond with Skipton BS @ 4% Finishes in early 2018
    £10,947.52 7 year bond with Skipton BS - matures Oct 20
    £38,630.43 £45,066.25 Total actual cashable savings

    Shortfall -£64,170.45 (all debts)

    The big news is paying off the 0% deal credit card for which I had been setting aside money in our emergency fund account since I started this diary. I had saved up just over £2000 but when it came to it, I had a bit of a surplus in my current account so I only needed to move £600 from savings to cover it.

    One further viewing on our house this month. According to local agents the whole market is flat as everyone goes on holiday and no half-year bonuses are due until September. Typical!

    Husband is working out the bills shortfall for the other house

    I’ll post separately about the other things we are mulling over.
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Suffolk lass
    • By Suffolk lass 26th Aug 17, 10:59 AM
    • 1,525 Posts
    • 17,303 Thanks
    Suffolk lass
    Things to consider:

    We are going to take a yoga class - where and when to be determined (we need to make sure we like the teacher). We did a one-off at the hotel we stayed in for a week of our holiday and both felt much better for a day's strengthening stretching.

    We are going to go for a weekly swim. I have checked out one of the local pools and they open at 07.45 at the weekend. I think it will be tomorrow, for the first time in ages. I used to swim and would swim for 40 minutes every weekday morning but that was many years ago, when I was at College. Unfortunately while we are working, it can only be the weekend as we are gone by 06.25 for our commute.

    I have exceeded the target I set myself for our emergency fund. The original target was £10k but actually, six months of outgoings is a bit more than that, so, do I keep increasing it or do I start moving it into more efficient longer-term savings?

    The factors I must consider in deciding this are:

    We are still trying to sell our house
    We are still trying to buy a derelict that will need lots of ready cash
    What shall we do with our second house that we own with our Son?
    Should I pay down the mortgage as originally planned, or hold it in an account where I can draw down if needed, and if the latter, what sort?

    I still plan to retire within two years and I don't want to change plans after that too much
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
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