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  • FIRST POST
    • Jelllibeanz
    • By Jelllibeanz 9th Feb 17, 1:19 PM
    • 67Posts
    • 102Thanks
    Jelllibeanz
    Taking the plunge
    • #1
    • 9th Feb 17, 1:19 PM
    Taking the plunge 9th Feb 17 at 1:19 PM
    I've finally gone and done it.... having lurked and looked for ages, but not done much or set up a profile so here is my first post.

    At the end of January I decided I wanted to get back in control of things, including my finances. I've set up spreadsheets, started using my online banking at last (instead of telephoning when worried I was hitting my overdraft limit) and begun to make over payments rather than just the minimum.

    I have gone through the over payment calculator and worked out that if I could manage £8000 a year I could be MF by 2023!!! Although I must admit it's one hell of challenge. However, I don't want this to be more like a new years resolution that falls by the wayside...... so please feel free to kick me up the butt occasionally!

    Since payday I have managed the following:
    £52.51 OP on the mortgage giving me a potential £63 saving on interest alone just by skimming
    £321.50 off the credit cards
    £125 off my little one's school journey leaving £120 to pay
    £6.26 in sealed pot
    And £2850 left in the savings for emergencies

    I know that paying off my credit etc is better, but I want the mortgage too. So am focusing on both, with the priority to be the cc and then the mortgage as there is only 1% difference between my loan and the mortgage.

    Tomorrow is a planned no spend day - would have liked it to have been today, but petrol and parking were required. And the weekend will be tough with my OH wanting to spend money on swimming, coffee out and other little bits (he really enjoys spending, but has been getting better lately).

    Please wish me luck
    Control freak taking back the reins MF and DF Wannabe
    M '09 = £103k M Feb '17 =£79.9k, June 17 = £74.6k Original End Date = Apr '34
    CC = £2900 £1750
    Loan = £7000 £6600
    Onwards and upwards
Page 4
    • Jessy103
    • By Jessy103 4th Jun 17, 8:22 PM
    • 265 Posts
    • 916 Thanks
    Jessy103
    You're doing great jellibeanz! You're so organised, well done!! x
    Original Mortgage Amount 2007 - £87,310.50
    Mortgage Amount April 2017 - £64,990.00
    Overpayment Target for 2017 - £5,000 /£2,396.80
    Jan - £873.26 Feb - £185.38 March - £269.07 April - £193.66 May - £467.64 June - £407.79
    • Jelllibeanz
    • By Jelllibeanz 9th Jun 17, 11:50 AM
    • 67 Posts
    • 102 Thanks
    Jelllibeanz
    Thanks Jessy I've just caught up on your diary - you are making fab progress. I am not feeling very organised. If I'm honest I am more spontaneous than organised, but doing this is making me more conscious of things financially. It's also got me making plans and smiling over the little things.

    I had fun yesterday when I popped into a couple of charity shops in town. One shop had a £2 rail and I managed to get 2 brand new dresses = saving of £74! plus a skirt, top etc. Am popping some away for our holibobs, but couldn't resist wearing one today.

    And came in this morning to find a refund from the tea kitty on my desk
    Control freak taking back the reins MF and DF Wannabe
    M '09 = £103k M Feb '17 =£79.9k, June 17 = £74.6k Original End Date = Apr '34
    CC = £2900 £1750
    Loan = £7000 £6600
    Onwards and upwards
    • Jelllibeanz
    • By Jelllibeanz 16th Jun 17, 7:12 PM
    • 67 Posts
    • 102 Thanks
    Jelllibeanz
    I've had a good catch up with an old friend today whilst on training and even better still the lunch, coffee etc was provided and to cap it off I got a lift in with some colleagues, which saved on petrol.

    It hasn't been the most spendy week, but not too frugal either. Last weekend's shopping came to £60 and it was the same again today. That included the wine, cider and chocolate - oops!

    The sun is shining and it is very humid. Hoping it is going to be a good cheap weekend with the family. Plans are to use up some of the food we have in the freezer and keep going with the salads.

    Training again on Monday, but it will also mean I get to travel and have brekkie with Mr J

    And I've only just realised - one week til payday! I am looking forward to putting a little bit in the kitty as the Tilly Tidy Ups have not been as frequent this month. Either I am slacking or becoming less obsessed - either way it's all good.

    Happy weekend x
    Control freak taking back the reins MF and DF Wannabe
    M '09 = £103k M Feb '17 =£79.9k, June 17 = £74.6k Original End Date = Apr '34
    CC = £2900 £1750
    Loan = £7000 £6600
    Onwards and upwards
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