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  • FIRST POST
    • Bigdreams
    • By Bigdreams 27th Feb 17, 4:22 PM
    • 24Posts
    • 68Thanks
    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 2
    • Bigdreams
    • By Bigdreams 23rd Apr 17, 9:57 AM
    • 24 Posts
    • 68 Thanks
    Bigdreams
    Hi just a quick update for me.

    Things not brilliant in the money saving department school holidays wipe me out reminding me I definitely need to be more organised next time around. Hopefully weather will be better though too more picnics and parks.

    I've had a few expensive things crop up on top so dealing with them

    I plan to sit down tonight find out where I am to the penny and what can be improved. I like quiet time to do this though OH just interrupts constantly.

    My 50p Jar going well. £13.50 in there already for DS1 birthday present. Money I now do not need to find. Definitely feeling more organised in the sense.

    Not so much looking forward to updating my figures come 1st may but we will see.

    Speak soon xx
    • CathT
    • By CathT 23rd Apr 17, 12:16 PM
    • 5,197 Posts
    • 35,693 Thanks
    CathT
    You're making a great start bigdreams! School holidays can be expensive, you'll be back on track soon.
    July 2017 -
    part 1 - £80,702
    part 2 - £46,583
    Total - £127,285
    • Bigdreams
    • By Bigdreams 25th Apr 17, 5:03 PM
    • 24 Posts
    • 68 Thanks
    Bigdreams
    Needing some inspiration on how to boost my income. Would love to do something from home but it's the the usual WHAT? Lol.

    I do a couple of survey sites but seeing about a fiver a month. I like the fiver ha but would like to see more.

    I sell on selling sites too which brings a little in ?

    I only work 15-20 hours a week would love to do more but have to work round the kids.

    Need a boost but then again I suppose we always want more it's about making them pounds work for us.

    Xx
    • Bigdreams
    • By Bigdreams 2nd May 17, 2:43 PM
    • 24 Posts
    • 68 Thanks
    Bigdreams
    Start of the month figures update.

    Debts I've managed to bring down by £142.87 this month.

    Savings have took a hit £441.04 so still along way to go to my 5k.

    I'm consoling myself that we have had a lot of expense this month and it as all been paid for and no extra debts taken on.

    50p jar is going really well and I don't miss the 50ps I put in. Still doing my surveys and using cashback sites.

    Feeling positive altho skint. These banks hols are affecting money but 1 more to get outta the way. We have 1 more expense in a fortnight and then things should start looking up money wise too.

    Still reading lots on here and feeling the inspiration. Also keep looking at !!!!!! houses online and know I can only get there with pushing.

    Thanks
    • Bigdreams
    • By Bigdreams 8th May 17, 2:47 PM
    • 24 Posts
    • 68 Thanks
    Bigdreams
    Finally exchanged.

    Feeling excited xx
    • Bigdreams
    • By Bigdreams 12th May 17, 6:46 PM
    • 24 Posts
    • 68 Thanks
    Bigdreams
    Been working out my daily interest today now all paperwork is through.

    £5.95 a day in interest. I don't know how quick these numbers go down but I'd like to see it down to £5.50. So that's another challenge for me.

    Once this month outta way we should be back on track money saving. Surveys are going well and managed to sell a few bits.

    We have had some larger than usual outgoings but I'm feeling really positive all this as been paid for outta savings and not on cc. The cc are never ever to be used again unless we have a massive emergency but I am working on savings so even that doesn't have to be the case.

    Loving the challenges and feeling ever so positive. Even though money is a little down onwards and upwards.

    Loving reading all the inspirational diaries here.
    • Bigdreams
    • By Bigdreams 16th May 17, 10:22 AM
    • 24 Posts
    • 68 Thanks
    Bigdreams
    Morning all.

    OK so I have my plan of action. My monthly mortgage is 399.

    I plan to pay 500 per month. I will be putting 125 away each week. I want to do this from the off. We plan to move in 5 years to a bigger property hence bigger payments so I want to be use to the 500 pound a month straight away.

    Best of both worlds then overpaying and it won't sting us later.

    Everything else surveys. Money made will all go off debt.

    Money left over at the end of each week will be going in my savings pot. I'm aiming for 5k. But once I've reached up to 2k... I'll look at putting monies leftover half and half surveys and debt.

    Will be keeping an eye on my daily interest and balance vigorously.

    How good does it feel to have plans in place and I know full well these are achievable.

    Will be back to update figures 1st of month. We also have a slightly larger mortgage payment this month with been 1st one.

    Thanks
    • NSC-68
    • By NSC-68 16th May 17, 6:15 PM
    • 9 Posts
    • 25 Thanks
    NSC-68
    It's great you have a plan on how to tackle the mortgage and other debts. I wish we had started overpaying from the beginning. Our mortgage was 70,000 for 25 years in 2012. I've been overpaying £500 per month for 2.5 years now. I like the idea of a £2 jar and using it towards something. I need to look at my finances as you have done. I've enjoyed reading your blog, keep up the good work. I'm quickly learning every penny can count.
    • NSC-68
    • By NSC-68 16th May 17, 6:17 PM
    • 9 Posts
    • 25 Thanks
    NSC-68
    P.S congratulations on finally completing on the mortgage!

    I was told not to apply for a credit card a few months before the mortgage was complete. A month after I was turned down for a £12 per month phone credit presumably because I'd just taken out a mortgage. That was 5 years ago, it may be different now.
    • Karmacat
    • By Karmacat 17th May 17, 11:15 AM
    • 27,467 Posts
    • 149,126 Thanks
    Karmacat
    Congratulations on exchanging, big dreams!

    I really understand that urge to keep pushing. You're doing surveys, swagbucks (I didn't stay long with swagbucks, as I don't use my mobile for online stuff, oops), how is the selling going on ebay etc?

    Trying to think of other stuff you can do around schoolchildren. Mystery shopping? It can be exhausting, so you have to pace it. Free offers from bingo etc? You have to be confident of how it works to do that, don't know if they're still around though, sorry. Checking out the dfw board, and what extras people do helps. Can you do overtime where you work? Thats often the best solution. Could you rent out a room on airbnb now that you've got your place?

    The other things are to comb through your grocery bill like anything, and keep a spending diary for as many weeks as you can bear (a month is ideal) - it really tells you what you're *actually* spending money on.

    HTH.
    Retired August 2016
    • Bigdreams
    • By Bigdreams 1st Jun 17, 10:57 AM
    • 24 Posts
    • 68 Thanks
    Bigdreams
    Thank you for all replies

    Update in figures here I come

    Cc1 - 2553.90
    Cc2 - 1939.87
    Furniture 1110.26

    Total debts - 5604.03

    Savings 1000.10

    So paid 179.51 off my debts little better than last month.

    Savings are down by 200.58 but I'm not adding to credit here so all positive. Although do need to get this up.

    Catalogue as gone forever never to be looked back on.

    50p Jar is now sealed so I can't get Into till birthdays really please with how building up.

    Copper jar going nicely for Xmas food.

    Surveys are slow but I'm persevering.

    Happy June everyone.
    • Kittenkirst
    • By Kittenkirst 1st Jun 17, 11:42 AM
    • 1,435 Posts
    • 7,110 Thanks
    Kittenkirst
    Happy June! All sounds very positive Bigdreams overpaying gets so addictive doesn't it!
    Emergency savings- £3550.96 /£4000
    Mortgage Oct '16- £170.995 LTV- 90% end date Nov 2041
    2016 OPs £255.50/£150
    2017 MFW #20 - OP £1441.10/ £2150. 67%
    Jan- £68.21, Feb- £306.67, March- £272.01 April-£324.05 May £120.33 June £279.15 July: £71.17
    • Bigdreams
    • By Bigdreams 3rd Jul 17, 10:22 PM
    • 24 Posts
    • 68 Thanks
    Bigdreams
    Hi guys

    Sorry I not been around so much going on.

    We have had a disaster are banger car went bang. My OH needs reliable transport to get too and from work so we have had to borrow 6k. Luckily family have helped us out and all on 0%. To be paid back asap.

    Will do update of my figures soon as sit down for ten mins

    I still feel very much in control because I have all these plans in place. Feeling positive.

    I'm still OP on mortgage. Although I'm thinking I'm working my daily interest out wrong I have it at £5 something a day. Bank as applied interest for month and works out £10+ need to definitely look into that.

    Hope all well
    • Bigdreams
    • By Bigdreams 11th Jul 17, 10:05 AM
    • 24 Posts
    • 68 Thanks
    Bigdreams
    Think it time for me to move over to the dfw board.

    Need to clear these debts and really concentrated hard on them .

    Will still be reading and keeping up to date and I will be back as soon as I possibly can
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