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  • FIRST POST
    • Bigdreams
    • By Bigdreams 27th Feb 17, 4:22 PM
    • 30Posts
    • 70Thanks
    Bigdreams
    Bigdreams journey
    • #1
    • 27th Feb 17, 4:22 PM
    Bigdreams journey 27th Feb 17 at 4:22 PM
    Hi

    I'm big dreams and I'm wanting any advice people are willing to give me to be able to achieve my dreams

    I currently live in a 3 bed house with 3 children and dh. Our mortgage is 79,300 over 22 years. I'm wanting to reduce this as much as possible. I know if I can overpay by just 50 per month I can knock 3 years off the term alone.

    We do have some debt which I'm wanting to also try and clear at the same time and are also in need of some house upgrades.

    Here goes

    Credit cards all on 0% 4856.52
    Loan 3 years left to pay 6600
    Furniture - 1250 not sure interest will have to check.
    Catalogue 109

    We have 1 gas guzzler car (loan) and 1 small paid for car the plan is to sell the gas guzzler and replace with a more economical car and keep the small paid for one. Which is so cheap runaround and reliable. We plan to sell gas guzzler and money.from that will pay for.new one hence keeping only a 3 year loan rather than taking out a new 5 year one.

    We have small saving which need building up this stands at 1250and would like 5k.

    We also need a new kitchen and bathroom needs tidying up.

    I'm achieving all this slowly with help from surveys eBay etc overtime

    Wow seems like a mountain when I write it all down but wanted this to push me on and keep me on the right road. The diaries on here are so inspiring.

    Thank you all in advance for simply reading

    Bigdreams xxxx

    We do plan to move to a larger house but obviously once we are in a much better position
    Last edited by Bigdreams; 27-02-2017 at 4:27 PM.
Page 1
    • Kittenkirst
    • By Kittenkirst 27th Feb 17, 7:11 PM
    • 1,638 Posts
    • 8,556 Thanks
    Kittenkirst
    • #2
    • 27th Feb 17, 7:11 PM
    • #2
    • 27th Feb 17, 7:11 PM
    Welcome to the board Bigdreams and I love your username

    I love updating my diary even if it's just to keep me on track and accountable! Have you started to make any overpayments yet?
    2017 MFW #20 - OP 2348.20/ 2150 106%. New target 2500 93.9%
    Last 3 months- Oct: 179.60 Nov: 160.33 Dec: 52.33

    Emergency fund 4K/ 6k
    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    2016 OPs 255.50/150
    • Bigdreams
    • By Bigdreams 27th Feb 17, 11:08 PM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    • #3
    • 27th Feb 17, 11:08 PM
    • #3
    • 27th Feb 17, 11:08 PM
    Thank you.

    No we don't actually complete till roughly end of March so this gives me the heads up and to get started.

    I do need to take a look at our monthly outgoings see what can be improved. I also need to look at new 0% cc as my deal I'm on ends in April.

    I'm just gonna see what I can do? Everything helps kinda attitude.
    • Bigdreams
    • By Bigdreams 28th Feb 17, 8:43 AM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    • #4
    • 28th Feb 17, 8:43 AM
    • #4
    • 28th Feb 17, 8:43 AM
    Plans for today I need to set some little challenges up and progress from there

    I have a massive change jar - this is Xmas food fund
    I need to find a Jar for 2 coins - Overpayment jar
    Chase mortgage see where it's at
    Sort through at least 1 drawer or cupboard find things to sell
    Check bank
    Go to slim club - need help shifting these extra pounds
    Cook chilli and bulk to get his and my dinner from it tmoz

    Owt I have left at end of week also need to determine how much off debt and how much towards savings and mortgage.

    Finally feeling like I have a small plan

    Surveys I do

    Prolific
    One poll
    My survey

    Anyone recommend anything else Prolific is my absolute favourite and reach payout at least 3x a month

    Good day to you all
    • Jonbvn
    • By Jonbvn 28th Feb 17, 9:41 AM
    • 5,300 Posts
    • 5,574 Thanks
    Jonbvn
    • #5
    • 28th Feb 17, 9:41 AM
    • #5
    • 28th Feb 17, 9:41 AM
    Look at paying off your highest interest debts first, which are most likely not your mortgage.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot
    • Bigdreams
    • By Bigdreams 28th Feb 17, 9:49 AM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    • #6
    • 28th Feb 17, 9:49 AM
    • #6
    • 28th Feb 17, 9:49 AM
    Jonbvn - yes think that's the way to go. I need to sit down and get exact figures for everything and interest rates and put them in priority order.

    I want to build savings at same time though as feel this is my safety net.

    I keep the change pot for Xmas food and start a 2 coin jar for over payments. Anything else I think is to be thrown at debt and savings.

    I've just checked my top cashback too 106 pending wow
    Hoping to get some more in there when apply for a new 0% card to do a balance transfer. I have till April for that tho.

    Thanks
    • Bigdreams
    • By Bigdreams 1st Mar 17, 8:36 AM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    • #7
    • 1st Mar 17, 8:36 AM
    • #7
    • 1st Mar 17, 8:36 AM
    Looking at interests my furniture loan is 9.9% think that needs to be my priority.

    I also need to ring cc companies as I know so much of my balance on one ends April and I'm not sure on the other. I think most is 0% but the rest will be 6.4% for life.

    Need to sort this cos sure savings are to be made.

    Catalogue is 0% and owe little this will take care of itself in coming months.
    • dark^knight
    • By dark^knight 1st Mar 17, 12:22 PM
    • 462 Posts
    • 922 Thanks
    dark^knight
    • #8
    • 1st Mar 17, 12:22 PM
    • #8
    • 1st Mar 17, 12:22 PM
    Good luck...you have a similar mortgage to our remaining balance.
    Aiming to be mortgage free by Dec 2018.
    • louloubelle79
    • By louloubelle79 1st Mar 17, 1:03 PM
    • 257 Posts
    • 127 Thanks
    louloubelle79
    • #9
    • 1st Mar 17, 1:03 PM
    • #9
    • 1st Mar 17, 1:03 PM
    Good luck I'm sure you will achieve your goals, I find writing it down you can see clearly what you need to do. Try paying your debts first before overpaying I would say though. We just managed this and just started overpayments which feels good.
    Hoping to be mortgage free by 2026 age 47
    Current rate 2.79% fixed for 10 years
    Current mortgage end date: 03/10/2043
    MFW Starting Mortgage Jan 17 - 114,703
    2017 OPs 6000
    Jan 2018 balance- 105,923
    • Starlighthappiness
    • By Starlighthappiness 1st Mar 17, 1:03 PM
    • 69 Posts
    • 169 Thanks
    Starlighthappiness
    Good luck on your MF journey. I'm going to be starting my own MF story in September so can completely understand the appeal of starting the blog before you complete on the house!
    • Bigdreams
    • By Bigdreams 2nd Mar 17, 6:03 PM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    Hi all

    Finally had chance to look at the interest rates I'm paying and I'm disappointed with myself not kept on top of it so here goes.

    Furniture 9.9% 1187.72 (25.82) per month
    Cc1 - 2816.02 0% some of balance ends April.
    Cc2 - 1959.87 6.8 % (annoyed at myself)
    Cat - 109.72 0%
    6073.33 total owed minus car loan as will leave that running for now


    Can any1 tell me I want to apply for a new 0% cc but will it effect my mortgage application as we have already had mortgage offer.

    Savings stand at 1253.87 want to aim for 5k
    Last edited by Bigdreams; 02-03-2017 at 6:09 PM.
    • Bigdreams
    • By Bigdreams 4th Mar 17, 10:38 AM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    Morning all

    Time to have a good sort out day. Tidy up upstairs see what needs to go. Tidy house tidy mind and all that.

    I'm gonna do make 5 a day challenge so need to get going with this as already behind.

    I've sorted my jars out for my 2 jar towards OP and I've also started a foreign coins jar even though not worth owt interesting for kids and u never know I come across them all time may build up.

    I'm still holding off applying for new CC at 0% as worried will affect mortgage application although offer is in.

    I'm keeping up with surveys but struggling on what else I can do but positive all the way every little helps.

    Gonna also take a look at monthly DD this weekend see where things can be tried to be lowered. Good news I've almost halved my car insurance for now saving me 21 a month massive difference over the year.

    Ps how do I do a signature

    Thanks
    • Bigdreams
    • By Bigdreams 13th Mar 17, 10:41 AM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    Start of a new week

    I've started monitoring my gas and electricity use as that statement was ridiculous.

    Pegs for washing out
    Pack up now making flapjack for boxes

    Still doing PAD so every Thursday that's been split between savings and debt

    Still to apply for 0% cc but waiting till mortgage clears.

    Jobs for this week

    Surveys
    Make flapjack x 2
    List of months outgoings
    Save pay what I can

    Will update figures 1st April.
    • Bigdreams
    • By Bigdreams 18th Mar 17, 7:52 PM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    Well this week I feel disappointed in myself although made small changes feel like I should be doing so much more.

    I've used PAD and paid that off CC
    I've joined swag bucks (still getting to grips with this)
    Quick thoughts
    Citizen me
    Attapoll
    Prolific

    Any cash paid goes straight to debt/savings
    Any vouchers will go in xmas/b day funds.
    Scooter to be paid for August.

    Listed lots of old clothes for sale will give this a week if they don't sell bag up for charity shop. I need to start feeling more in control that's house and finances.

    Had letter to say swimming lessons are going up GREAT altho that's not by much. Also need to still take a look at monthly outgoings I want rid of Virgin and landline we don't use it but I know I'm still in contract so......

    Needs to do my meal plan for week ahead I find this helps loads.

    Also think gym membership gonna go now nicer weather about it i will quite happily go walking. That's 20 a month. Although I'd love a fit bit. Maybe a b day/mother day request.

    Started stocking up easter eggs I only need to buy 9 so been getting a couple a week in shop.

    Suppose all positive and in right direction just feel I could do more.

    Thanks all. Looking forward to updating my figures 1st April. I still not sussed how to do signature or to subscribe to diaries but I'll get there I'm persevering.
    • EatingTheElephant
    • By EatingTheElephant 19th Mar 17, 8:57 AM
    • 1,162 Posts
    • 6,237 Thanks
    EatingTheElephant
    Hi BigDreams, well done for keeping going. It's hard to keep the motivation up sometimes.
    All the small changes do add up over time so you are definitely going in the right direction
    • squirrelgirl
    • By squirrelgirl 19th Mar 17, 11:27 AM
    • 134 Posts
    • 653 Thanks
    squirrelgirl
    Hiya bigdreams!!

    You're doing really well....its always tempting to think that there is more we could be doing, but you should be proud of yourself for what you are already achieving and that you are constantly looking at ways to do better! I know that when I started overpaying my mortgage, it felt like a never ending battle but I'm massively closer now because I've kept at it...the end will be in sight soon enough!
    15 Month Challenge: Mortgage- 0/19000 House - 0/15000
    2018 - Jan - Mar: M 0/1410 H 0/4110 April-Jun: M 0/1410 H 0/4110 Jul - Sep: M 0/1410 H 0/4110 Oct - Dec: M 0/5520 2019 -Jan - March: M 0/5520
    • Bigdreams
    • By Bigdreams 19th Mar 17, 8:02 PM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    Thank you for your replies.

    I really want to stick to it. Even if I only overpay small amounts it's all beneficial in the end.
    • Bigdreams
    • By Bigdreams 2nd Apr 17, 11:43 AM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    1st April- finances update

    Cc1 - 2724.26
    Cc2 - 1939.35
    Catalogue 83.40
    Furniture - 1161.40

    I've managed to knock 146.92 off my debt this month

    Savings 1641.72

    I've managed to add 387.85 to savings still aiming for that 5k

    I know I need to do more in the debt area and I've given myself a target of 20 months. That's 5% a month of my debts to achieve that. I've worked out I've roughly managed 2.5% this month so definitely need to put more effort I to these areas.

    I'm awaiting a top cashbook 50 quid so gonna pay that straight of debt once comes through as money I don't account for at all. I know there's other areas I can really take a look at too so there is room for improvement. I just really need to sit down and get it sorted.
    School holidays as long as we therefore stays nice I plan to have the kids out walking will take sandwiches and maybe buy them an ice cream unless I'm super good and make some goodies up.

    Still not completed on mortgage so still waiting on that and will owe solicitor another 100 but then that's all paid.

    Hope you are all enjoying your journey and any progress we make is still progress that's what I'm going with.

    I really wish my contract with Virgin was up I'm sick of paying for it when we don't use it. Other than the broadband. Cancelled.my gym membership too was a complete waste of money. We now have car up for sale too so that will be an expense gone hopefully very soon.

    Thanks
    • Bigdreams
    • By Bigdreams 3rd Apr 17, 8:09 PM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    I've just saved 27 quid on my home insurance and doubled the amount I'm covered for.

    Small things but a very positive start to this month

    Bring on APRIL feeling very positive so far

    Xx
    • Bigdreams
    • By Bigdreams 9th Apr 17, 11:17 PM
    • 30 Posts
    • 70 Thanks
    Bigdreams
    Set myself some little challenges up and some separate jars. Need to be more prepped and to plan ahead.

    Have my 5p 2p and 1p jar on the go. This is massive and bless my dad he keeps all his coppers for me and adds to my jar once a week
    This pays for all Xmas food once counted bagged and banked.

    I have a 50p jar so every 50p we have goes in. Week 2 of this and already 8 that's not missed.
    This is to pay for ds1 birthday present.

    I am still aiming for 300 a month towards debts.

    Still waiting to complete on mortgage but will be aiming for 100 O/P once through that will knock 6 years off.

    Surveys
    TCB

    Struggling with ideas for everything else. Other than to have sort out and get on flea bay.
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