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  • FIRST POST
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 13th Jul 17, 7:39 PM
    • 444Posts
    • 1,723Thanks
    wishingthemortgaheaway
    Taking it slowly, but doing it well.
    • #1
    • 13th Jul 17, 7:39 PM
    Taking it slowly, but doing it well. 13th Jul 17 at 7:39 PM
    Good evening all,

    I'm rejoining this thread and you lovely people after a break of a few years.

    I've got a new user name, but only because I can't get back into my old account. (My old diary was called 'Today is not a NSD'

    I've kept the start of my username the same, so it's still a big wave hello from me, Wish.

    A quick (I promise) update from me.

    I'm about to turn 35 (still wish I was 25)

    I now have a 1 year old little boy - Pickle

    I'm currently on extended maternity leave/career break/unemployed (I took the statutory maternity pay from my high pressured, long hours, no social life job, handed my notice in whilst on mat leave and , because I didn't take any occupational maternity pay, I didn't have to repay any money. )

    Husband is still a freelance audio visual engineer in the entertainments industry

    Still in our 2 bed Victorian terrace, which we still love.

    We still want to be mortgage free, but it's going to take a little longer than we thought when I was last here.

    So, why am I back?
    I need some motivation and some accountability, need to get back on the no spend days. Need to curb some bad financial habits that have crept back in.
    Need to lose some weight - nsd will help by no cake shop stops or treats from the discount supermarket at the end of the road.

    I'm at the end of my maternity savings.

    When I found out I was pregnant I stopped overpaying the mortgage and diverted all that cash into a maternity leave 'fund' to that I added my statutory maternity pay as it came in, £5k from an inheritance and a £5k gift from my parents.
    The total of those savings have allowed us to live as we were for 15.5 months without hubby having to contribute anymore to our household expenses than he had previously.

    I am very pleased with what we have achieved. But, that 'half month' is August and then the money is gone, I have no income and we will have to manage on hubby's self employment earnings.

    I am meant to be applying for agency work, in my field, for 3 days a week from September. It's not happened yet due to hubby being run off his feet with work. I'm not worried about this, I will sort it when I can.

    We have no debts, other than our mortgage (which currently stands at just less than £37k and has 12years 3 months left to run)

    We receive child benefit, but nothing else (previous warnings have been too high to receive tax credits or anything else)
    We have no family living nearby, so will need to pay out for childcare come September for 3 days a week, as I'll be agency and hubby is self employed we can't get childcare vouchers, but should be able to open one of the new tax free childcare accounts saving us 20% on childcare costs, which will be around £120 a week.


    This is what I already do:

    YNAB all my accounts - this is how I've managed to have 15 months off work
    Use ynab to save for all annual bills, overpaying each section so I have a little bonus when it comes to paying the bill

    Meal plan & cook from scratch

    Try not to spend too much on things for Pickle, and try to sell on things he has finished with (this has had mixed success)

    I'd love to have your support as I attempt to pay off the mortge earlier than planned. I'm aiming, from August, to overpay the same amount as the interest added to the account. This isn't much, but it's a realistic challenge given out current circumstances.

    Thank you for reading

    Wish.
Page 2
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 20th Jul 17, 9:31 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Me again, 3 posts I need a day sorry, but

    Squeeeeeeeel..

    I've jut had a proper look at ynab and my bank accounts.

    I've made my ynab budget categories, the ynab bank balances and the actual bank balances all sync up. And, as a result of doing this tonight: I have £107.52 more in 'cash' than ynab says I should.

    Now, I haven't used my cards in days, and there are no pending direct debits or anything, so I can only assume I've recorded some things twice on ynab when I've got behind on my recording.

    At least I've found £100 and not lost it.

    I'm so happy, just need to make it work for me now.

    So £49.28 has gone to the mortgage making it a nice, round £36,800. (Not enough to register a difference on the overpayment calculator, but every little helps.
    And I've got £58.24 towards this month's £75 new standard overpayment only £16.76 to find now.
    I can do this!

    If I have a nsd day tomorrow, I'll have £15 of that amount in a flash.

    Ooh new money saving excitement.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 21st Jul 17, 9:11 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Today has been a low spend day,

    £3.99 on swimming armbands for Pickle (it's a leisure pool here with a sloped beach style entry, so he can crawl a bit and walk a bit before it gets to the point he needs holding, he got very frustrated with us on Wednesday) have taken this from the child benefit ynab pot.

    £1.65 on a drink and chocolate bar with a friend this afternoon, I really can't cut down on these spends while I'm here as there are so many people we need to catch up with. The money was taken from the change I still had in my purse which means......

    My £15 budget for the day is still intact. Whoop woop de woop.

    I need to do a shop for fresh things tomorrow, meat, fruit, veg & Pickle's yoghurt, so I definitely need to spend tomorrow, but will aim to keep it under £15.
    I've been reading about 'my supermarket' on a diary today, but it won't work for me here as we have no choice in supermarket. Maybe I'll try it when we get home. As soon as I'm finished on here I'm going to meal plan and sort the shopping list out. I really do feel like I've done well with this this week, only 1 trip to the spensive supermarket and that was ages ago.

    I've completed another survey on PA so my total, in 2/3 days is nearly £10, less than £1 has been approved, but I don't need to buy any wool at the moment, so that's ok. I've checked the other survey sites, but nothing for me. I'm assuming the rate of surveys on PA will slow down after this initial period?

    I've also seen a job advertised today, the job and the skills needed really match my skills, but it's a full time, full year job, which I don't really want, but there is no harm in putting in an application and attempting to negotiate hours if I'm successful. Maybe doing all the hours in 4 days or something. We'll see if I get that far.

    I mentioned earlier that I took the armband money from the child benefit pot. When the cb arrives I immediately assign £30 to a ynab savings pot for Pickle when he's older, we don't have a huge amount of money going spare at the moment, so at least he is getting around £400 a year put away until he says older, and That does work out at over £7k by the time he's 18, not sure what that will buy him then, but it's a little something.
    The rest of the money I use for his swimming lessons (£51 every 10 weeks) and the sort of things I would expect him to use his pocket money for in the future. Essentials like clothes and nappies are met from household expenses.
    I'm hoping his toys will soon be self financing, so selling some of the things he's outgrown to fund the next stage. I've currently got 2 jumperoos (one normal, one space saving) that I'm trying unsuccessfully to sell. I didn't buy either new and the normal one is loaned out to a friend currently, so not prepared to drop the price yet, but probably will if they don't sell by the end of the summer.

    Goals
    tomorrow:
    Fresh food shop <£15.00
    Low spend day, not sure what is on the social calendar at the moment.

    Month
    Overpay £75 on mortgage - £16.76 to find
    £20 on surveys: pa less than £11 to go need to check the rest.
    Temp blanket, up to 15th May completed
    Cash spending diary up to date


    Night all

    Wish
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 22nd Jul 17, 9:00 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Evening all...

    Tonight's boring update:

    Goal for today:

    Food shop <£15 no, blown completely, but only 1 additional purchase than I had on the list (4pints of milk for someone else - damage £1)
    So: £9 in the spensive supermarket
    £6 at the veg stall
    £8 at the butchers
    I actually now think a £15 budget on this was ridiculous given our current location

    Low spend day socially no spend day socially, all I spent was on the shopping, so my total for today is £23 which although over today's £15 budget, I didn't spend anything yesterday, so within budget overall.

    I took cash out of the bank to pay for the veg and the meat, so I have the left over cash from that for my incidental spends for the next few days, and I've moved what's left in the bank from yesterday & today's budget into the mortgage overpay pot.

    Monthly targets
    £75 mortgage overpay currently £64.47
    Temerpature blanket no progress
    Cash spending diary up to date

    Tomorrow

    Goals
    No using the bank account day (only spends from cash in my purse)
    Work out 'work rate' for temperature blanket target
    No crisp day (this is one of my many food temptations)
    At least 1 section for job application (of the personal statement)


    Other than that, everything is just ticking along.
    Weather was pants this morning, but has brightened up.
    Had a 'lamb Rossti hotpot' rossti disaster at team time but we ate.

    Now time to chill (maybe knit a bit) and watch the end of the para athletics comp.

    Night all.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • Urbanshyne
    • By Urbanshyne 23rd Jul 17, 6:33 PM
    • 7 Posts
    • 33 Thanks
    Urbanshyne
    Hi Wish, you're way more in touch with your outgoings and daily goals than I am. Maybe I should set some of those too!

    Honestly, paying down my mortgage quickly has only occurred to me in the last month. I'm still trying to figure out the best strategy to deal with it. I have a fairly good handle on the overall picture, but the details are still hazy. And I think you're totally right when you say that your blog somehow makes the commitment to OPing real and you accountable for it. The scrutiny of others keeps us on track, right?

    I realise that we're gonna be moving at different speeds with our OPs, but I'll be following your progress with interest.

    Best.
    Neither a borrower or lender be; for loan oft loses both itself and friend.
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 23rd Jul 17, 8:46 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Hi Urban,

    Thanks for dropping by.
    We may be moving at different speeds, but we've got the same goal, we may be aiming at the same level of sacrifice and my mortgage is a lot smaller than yours I think (less that £40K)
    So, we're all on the same journey and I'm happy to stick with you, if you are happy to stick with me.

    I do have a good handle of my incomings and outgoings because I have to, both mentally and financially. We don't have the money anymore to 'lose' anything - 2 years ago, pre child, I was clearing up to £1K a month off the capital - but, priorities change, even if the basic goals don't - it's just going to take us a little longer to be mortgage free, but I wouldn't change it for the world.

    Mentally I hate owing people money, the mortgage is the most acceptable money to owe, but even then I don't like it. My opinion is, if you owe it, they can claim it - I'm sure a big bank like Halif!!, who we have our mortgage with, aren't going to 'call in the debt' but you never know. If I don't owe it, they can't take it off me.

    I'm also a little bit obsessed with how YNAB works and know, should we ever move house, I just need to print out my YNAB analysis graph things to prove affordability for any new, bigger mortgage.

    Urban I believe (hope you don't mind me saying) that if you can over pay £1k a month not being as in touch with your outgoings as you believe I am, if you do get a handle on them, you will really fly and bring that mortgage free date even closer.

    I'm going to report on my day now, thanks again for dropping by and keeping me company.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 23rd Jul 17, 8:58 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Today was.... (drumroll please.....)
    A NSD - woop woop woop - I didn't touch my bank account or the change in my purse.
    It wasn't that hard really - I'm a bit grumpy with OH - he's not really pulling his weight as a Dad at the moment, because he's here to work, had to have words to say, that even here he's not working 24/7 and, if he doesn't do his bit, I am working 24/7 and bringing up his son and that's not fair.
    We'll see if it's hit home - he's usually very good, but not really adjusted to having a 1 year old in tow - it's an annual job and Pickle was only 8weeks old last year, so it was a completely different situation.

    Any way- because I was in a grump, I was determined not to spend any money. - so I didn't. (Maybe I need to be in a grump more often...)

    so - today's updates...

    No using the bank account day (only spends from cash in my purse)
    Didn't even spend any money in my purse so £15 to go to the mortgage OP
    Work out 'work rate' for temperature blanket target
    I did this last night, need to average two days per night of knitting - we'll see
    No crisp day (this is one of my many food temptations)
    Succeeded - 1 chocolate digestive biscuit eaten instead, but still, not bad.
    At least 1 section for job application (of the personal statement
    Done - 8 bullet points of the person spec to go.

    Monthly targets
    £75 mortgage overpay currently £79.47 - woop woop de woop
    Temperature blanket 1 day done last night - going to crack on with it after this update - not sure I'm going to stay on target, but if I've got a grump on still, you never know
    Cash spending diary up to date - nothing to record as I didn't spend anything.


    Tomorrow
    Low spend day - need to get some cheese,& mushrooms, but I think that's it, need to have another look at the meal plan. - Surely thats under £15 even in the spensive supermarket!!
    Finish job application - hard bit though 'personal qualities section of person spec - all fluffy and not concrete enough for me.
    More knitting
    Not grump at OH (not necessarily in my control though)

    Have a great day one and all -

    Good night.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 24th Jul 17, 8:29 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Not such a great day in the mse front.

    The following unnecessary spends are all as a direct result of little Pickle deciding his sleep from 6:30pm-11pm was just a nap and 11:30pm-1am was playtime. I am sooooo tired today.

    Low spend day
    Spensive supermarket for mushrooms & cheese £5. This is ok then!!!!
    Treat breakfast because I'm tired and the child loves people watching at cafe'S £7.40.
    Drink & chocolate to keep me awake this evening £3.70.

    Impact on budget, have withdrawn all £15 of today's budget from bank so no op today.
    I've still got some cash in my purse but that's because I withdrew cash from the bank.

    Finish job application
    No, Pickle still awake so we've come over to Daddy's gig to enjoy the music
    A job for tomorrow instead.

    More Knitting
    A bit done last night between 11:30. & 1:00 I'm behind on my target to get to the end of May by the end of July as I won't get any done tonight. Hopefully get some done at nap time tomorrow.

    Not grump at oh
    Succeeded so far today. (Told you grumping at hubby was good for my mortgage.

    Monthly targets

    Mortgage op: no change
    Temperature blanket: getting behind again
    Cash spending diary: need to find a pencil to update!


    Tomorrow

    Low spend day - no idea what we're doing tomorrow yet.
    Job application
    Knitting
    Bake some brownies for the techies on this gig.


    Happy saving everyone.
    Wish.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 25th Jul 17, 1:40 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    I've been reading through a lot of diaries over the last few weeks, mostly mfw diaries, but also some debt free ones too (in order to pick up even more money saving tips)

    A few thoughts have come to mind, but it's not felt appropriate to say them as comments on people's diaries because I d Not want to be seen as preaching, judgemental or having a go.
    I'd just like to share what works for me and what my life experience has taught me.

    1) my parents never discussed financial difficulties with us. It wasn't our job to worry about family finances, it's a parent's job to keep their children safe and secure, physically, mentally and emotionally.

    That doesn't mean they spent out on us in a ridiculous fashion. They just never let on any worries they had (especially when my dad was made redundant and mum wasn't working)

    2) they modelled managing finances well.
    Mum had a little book that she wrote down every expense in (just like YNAB, all your spreadsheets and similar) every week she would collect all the recipts, write the amount in the book and, when the bank statement came, reconciled the statement to the book. (Dad was forever in trouble for buying something/taking cash out and not handing mum the recipt...!)
    As we grew up we helped her do this, great for our maths skills.
    Sometimes we put the recipts in date order for her,
    We read out the shop, the amount, and say what category it would go in.
    We were eventually allowed to use the calculator to add up (well subtract mostly!) the money spent against the balance.

    3) I didn't have pocket money until I was 16 and at college. I never felt I missed out and valued money I was given.
    Weekly I had clubs/activities/music lessons I was driveN Round to activities, sweets/ice creams were treats on days when mum and dad said it was ok, not when I wanted it and had the money to pay. (I'm not saying pocket money doesn't work, but not having it has worked for me)

    4) when we were given money, at Christmas, birthday or relatives visiting we kept some in a little purse to spend, and the rest was put into a piggy bank to spend on a big thing - I didn't touch my 'big thing' money box until I was 14 and wanted to buy a brand new flute. I'd had second hand up until then, mum and dad said they would find a better quality second hand one, but if I wanted new I'd have to save up for it. A few days later I realised I could crack open the money box and see what I had to start my saving - I then discovered every Christmas mum and dad had emptied the money box and put the money in a bank account for me. I had more than enough to buy the flute, but knew I'd have to replenish my savings if I wanted to do the same in the future.

    5) I've stopped saying 'I can't afford that' because it's rarely true. Often I have the money to do it, but it's not budgeted for, or I've saved it for something else, or if I bought that one thing, I wouldn't be able to do something else.
    I'm trying to say now
    'I can't justify spending that'
    'I'm choosing not to spend money on that'
    'I've not got spare for that'
    'Let me see if I can juggle things around to make it possible'

    It's been a real eye opener and has led to some honest discussions with friends and family. I don't think my friends and family see me as tight, just careful.

    6) I'm a solution focused person, if someone makes a suggestion that doesn't work for me, I try not to dismiss it.
    Using the phrase. 'How about we do xxxx instead?' It means that something still happens, but it works better.

    For example a friend said 'how about we go to (insert expensive place with lots of temptations to spend money on tat') on friday.
    My response was...
    A day out on friday sounds fab, but how about we all go in one car together to (insert cheaper free place) your kids can take their scooters we can have a good catch up, then we can treat them all to an ice cream afterwards.

    You get the same outcome - spending time with friends and family, but it's on 'cheaper terms'


    All this makes me sound really manipulative, it's not meant to at all. I'm trying to share how I manage to live well, with the resources I've got, without being dragged into situations where my spending could get out of control by being honest, but not sharing details of my private financial situation.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 25th Jul 17, 8:16 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Today's update....

    Sleep deprivation is not good for my spending - I feel like a zombie. All I keep saying to myself is 'All teenagers sleep' - only another 12 years to go WAHHHHHH!

    Today's goals

    Low spend day - no idea what we're doing tomorrow yet.
    Not really no -
    £4 ish in cash on breakfast with a friend
    £12 on Ice cream sundaes with the hubby and child - but it;s the first ice cream I've bought since we got here.

    So, £3 to put in the op pot - I need to start saving some of my daily budget in case I need to do a bit of a bigger shop on Saturday for next week.

    Job application
    Not going to get any done tonight - too tired, I've got until the end of the month though, so it's all ok.
    Knitting
    My job after this....
    Bake some brownies for the techies on this gig.
    Probably not going to happen tonight

    Progress towards monthly targets

    Mortgage: overpay £75 per month - Up to £82.47
    Surveys: £20 a month in cash or vouchers
    Prolific currently at £11 - going to cash out at £20 - might make it by the end of the month
    VO - up to £11.75 so can cash out a £10 JL voucher (£10 of this was already on the account from the last time I made an effort at surveys
    Temperature blanket: End of May by End of July
    Getting further behind with this, need to put a real effort in.
    Keep a cash spending diary Up to date

    Tomorrow

    Swimming with Pickle - maybe a trip to a local NT place too - hubby has the day off from the gig

    Budget of £10 to start building up pennies towards a bigger shop on Saturday (as last Saturday's £15 budget was blown on very little

    KNITTING!!!!

    Going to the pub with my friend - so job application put on hold again.


    Starting to think about August's MSE goals

    With only a few days to go until August, maybe I should think about August's MSE goals.
    Absolutely an OP of at least £75 needs to be done (to overpay by what the interest added is.

    We're not home for long, before we are away again (for 2weddings & a holiday) so, I can't go mad.
    I think it will be a good sort out of Pickle's things.
    so, let's say 5 items listed on a selling site (this may include bundles of clothes)
    Knitting needs to be on catch up, so I need to get all of June and two weeks of July done on the temperature blanket - with a few long drives coming up (hubby driving) this should be manageable and I might get to my knit club a couple of times too which always helps.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 27th Jul 17, 12:23 AM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Very very late update from me.
    Ive been to the pub with a friend. The first time I've been out of the house on an evening without the child since May (thanks to hubby's work)

    So today

    Swimming: failed, but we had a lovely, free nt day out

    £10 budget blown. £1.45 on milk from the convenience store as I didn't realise there was not enough for breakfast.

    £11 on two glasses of wine out with friend - I don't mind this at all. I needed to get out!

    I took £20 cash out of the bank tonight So, to stay within budget no cash out or card usage tomorrow. Have transferred tomorrow's extra £5 to a pot for a Saturday top up shop.

    Knitting: have done a little bit today, but behind target.

    No op to mortgage today, but hubby has transferred august'S bills money to my account. So I've YNAB'd it all. Looks healthy at the moment. Will see how we get on.

    Will write a proprupdate tomorrow (technically later today, but who cares?)
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 28th Jul 17, 6:40 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Yesterday's post seems not to have posted, but I'm sure no one missed it as I am the most boring mfw around.

    Today I took £10 cash out of the bank, but haven't spent any of it and then spent £5.74 on birthday cards. Already had stamps in my purse so no cost there.
    I'm going to do some YNAB juggling moving tomorrow's budget in and taking the £10 cash from tomorrow giving me a £4.26 underspend from today to op on the mortgage.

    Final direct debit of the month went out today (utilities) dd for £89 but £90 in YNAB pot so another £1 for the op. That makes this month's op pot £87.73 with three more days to go. I can definitely make it to £90, so I'm going to attempt a 'stretch target' to get £100 paid off.

    Tomorrow Or Sunday I need to do a more substantial top up shop to get us through our last week here. I may take the 'hit' of driving 20-30 minutes to the next big town for an Aldi. It would definitely make my money go further. Now need to check the cupboards, meal plan and make a shopping list.

    Hope everyone has had a good week and is looking forward to the weekend.

    Wish
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 28th Jul 17, 6:49 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Ooh, must have added an op yesterday too as YNAB says there is £89.38 in the mortgage op pot.
    That £90 target is definitely doable.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • Mummy_bear
    • By Mummy_bear 29th Jul 17, 7:22 AM
    • 233 Posts
    • 911 Thanks
    Mummy_bear
    Morning, just popping over to say I've subscribed as you've been great following my journey. I think you're doing very well. Glad I've at the beginning of this diary so I can see how far you go in real time
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5400.86/£37139.86 14.54% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3073.82/£9091.72 33.8% paid
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 29th Jul 17, 7:57 AM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Thanks Mummy_bear, I'm determined to keep up my diary this time.
    We'd really like to start thinking about moving to a bigger house with a garden and storage space for hubby's kit, so the more equity we have in the house at the time the better.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 29th Jul 17, 8:38 AM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    I decided to do a soa to see if anyone can help 'trim the fat'
    It's not entirely accurate in outgoings, I've no idea how much I spend on clothes and birthday presents as it just gets lumped under 'spending money' in my ynab.

    We've also always worked our finances whereby I pay the bills, he buys the fun. I know the grocery shop is one I can tackle, but can anyone see anything else?


    Statement of Affairs and Personal Balance Sheet

    Household Information

    Number of adults in household........... 2
    Number of children in household......... 1
    Number of cars owned.................... 2

    Monthly Income Details

    Monthly income after tax................ 2000
    Partners monthly income after tax.......
    Benefits................................ 82
    Other income............................ 0
    Total monthly income.................... 2082


    Monthly Expense Details

    Mortgage................................ 297.8
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 92.61 I pay this annually this is 1/12 of this year's bill
    Electricity............................. 44.5 dual fuel so just split the single payment down the middle
    Gas..................................... 44.5
    Oil..................................... 0
    Water rates............................. 21.8 paid annually, this is 1/12
    Telephone (land line)................... 17.09 paid annually this is 1/12
    Mobile phone............................ 31
    TV Licence.............................. 12.12
    Satellite/Cable TV...................... 5.99 Netflix
    Internet Services....................... 27.14 this includes our fibre, bt tv, and any call charges, can't be bothered separating it sorry!
    Groceries etc. ......................... 321.21 this is the big one to cut!
    Clothing................................ 20 guessed!
    Petrol/diesel........................... 60 for 1 car averaged over 3 months
    Road tax................................ 2.5 for my car 1/12 of annual payment
    Car Insurance........................... 83.04 for both cars, we live in a 'bad' postcode
    Car maintenance (including MOT)......... 17 pure guess based on the fact it's just had mot & service for £200
    Car parking............................. 0
    Other travel............................ 0 if I go on the bus, the payment gets taken from the fuel fund
    Childcare/nursery....................... 0. Going to be about £120 a week if/when I go back to work
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 9 buildings & contents paid annually as 1 bill so £18 is 1/12 of annual bill
    Contents insurance...................... 9
    Life assurance ......................... 20.76
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 50 this is the money I save each moth for Christmas.
    Haircuts................................ 0 mum pays for my annual trim when I visit them asa little treat.
    Entertainment........................... 164.16 average from the last 3 months of my 'spending money category on ynab
    Holiday................................. 50 money I put aside for the three weeks we are in now hubby pays for proper holidays
    Emergency fund.......................... 0 £1000.00 sat in the bank
    Total monthly expenses.................. 1401.22

    Assets
    Cash.................................... 6706.43
    House value (Gross)..................... 110000
    Shares and bonds........................ 10000
    Car(s).................................. 2000
    Other assets............................ 0
    Total Assets............................ 128706.43



    Secured & HP Debts

    Description....................Debt......Monthly.. .APR
    Mortgage...................... 36800....(297.8)....2.44
    Total secured & HP debts...... 36800.....-.........-


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    Total unsecured debts..........0.........0.........-


    Monthly Budget Summary[/b]
    Total monthly income.................... 2,082
    Expenses (including HP & secured debts). 1,401.22
    Available for debt repayments........... 680.78
    Monthly UNsecured debt repayments....... 0
    Amount left after debt repayments....... 680.78


    Personal Balance Sheet Summary
    Total assets (things you own)........... 128,706.43
    Total HP & Secured debt................. -36,800
    Total Unsecured debt.................... -0
    Net Assets.............................. 91,906.43


    Created using the SOA calculator at www.stoozing.com.
    Reproduced on Moneysavingexpert with permission, using other browser.


    Do I really have £680.00 left each month? Do I heck! Because I msave for most bills annually, I overpay into each ynab 'pot' this means, when I've paid the annual bill, there is money left over that goes on the mortgage overlay, it also protects me if prices rise Froment one year to the next.
    But, as someone said to me years ago, you are a mfw not a dfw so the soa is really for a different purpose - help me save more for my mortgage.


    Thank you

    Wish
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 29th Jul 17, 11:00 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Today I spent money to improve my mental health.
    I got up this morning and looked out of the window at the pouring rain and considered the fact I'm in a holiday cottage with no airer and a rubbish washer/drier. I looked at the ikea big blue bag of washing and concluded that I could not do the washing myself get it dry and still be a good mum.
    So, I took it to the laundrette for a service wash £17,50 well spent
    Later a friend sent me an article from the BBC about how spending money to give you time makes you happier than buying stuff. I agree.

    So a £17.50 spend day, budgets will need a bit of sorting tomorrow. But, I've managed to meal plan up go and including Tuesday night using things in the house rather than going shopping today or tomorrow. This means I've saved money I was intending to spend.

    Pickle and I are probably heading home Friday with hubby following on Sunday so only 2 more evening meals to plan, shop and prep for.
    I think that's good work.

    That's all to report from boring Wish's money saving madness.

    Good night all, sleep well.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 30th Jul 17, 6:41 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Today was nearly a nsd, but we went out for family coffee & cake in the 40minute gap hubby had today so it was worth it.

    I blitzed some surveys today and I've only got 50p to go before I can cash out an Amazon voucher on vo. Wonder how long it will take me!

    Pa has slowed down a bit, as I suspected it would but over £12 in 2 weeks is pretty good I think.
    Don't think I'll get to my £20 cash out target for July, but I've just about made it to £20 in the accounts. Hopefully August will be lucrative.

    Tonight I need to finish and send off the job application I've been working on for a week now. Then check survey sites again and then it's knitting.

    I'm going to Tilly tidy my mortgage op up to £90 and then tomorrow I'm going to see if it's possibly to op the last £10 to make a nice round £100 overpay, then I'll op tomorrow night before August begins.
    We're on £36,800 at the moment, with this month's op and the next two months standard and ops, I'm thinking a target of £36000 by 1st October is doable then £35,000 by the end of the year .

    I hope everyone has a lovely evening. Keep saving

    Wish
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 30th Jul 17, 8:27 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Job application done and sent.....
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 31st Jul 17, 6:39 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    I've really enjoyed reading everyone's July updates today, I'm sure there will be more this evening so I'll log back in later to read them.

    Here's my update;

    Mortgage
    At the start of this diary (halfway through July) we owed £36849 and a few pence. With some money I found in my accounts due to ynabbing some transactions twice I made the £49. Something payment to get us down to a nice round number. Further Tilly tidies and underspends bought the total to £92 something so I've rounded that payment to £100 and made an 'end of the month op'

    Temperature blanket is still very much behind and will be a slow project to catch up on I haven't met the target I set myself, but I'm not going to change August's targets, I'll just need to find the time to do it.

    Spending diary. I've been a bit rubbish at keeping this, but it's all quite artificial while I'm here with hubby, I'm just practicing for when I get home.

    £20 on surveys. I haven't cashed anything out this month, which makes this target not met, but I'm close to a payout on a couple of sites:

    50p to go to get a £15 Amazon voucher on valued opinions
    Prolific Academic has about £12 in the pot, will cash it out at £20
    I also did a Roamler job that should payout £10 today. I just hope I took the photos properly, we'll see, it's not like it cost me anything.
    This all looks good for August though providing surveys don't dry up.


    So: August's goals

    1) reduce Mortgage capital by £340 (this means an op of about £115

    2) keep an accurate cash spending diary

    3) cash out £30 of survey site rewards

    4) reach the middle of July on the temperature blanket.

    5) get a job or sign up to 1 agency.


    They all seem reasonable I think.

    Have a good August one and all.

    Wish
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 1st Aug 17, 10:33 PM
    • 444 Posts
    • 1,723 Thanks
    wishingthemortgaheaway
    Here I am, back again being boring. Sorry, but it's just the way I am.

    Today was a low spend day £3.75 on some handmade fragrance free chemical free soap for Pickle as we've run out of his bubble bath and I'm not buying a big bottle for a few days. This way I'm supporting a local social enterprise and he's staying clean.

    I've actually spent very little on Pickle since we've been here. He's had 1 cd from one of the bands here, but when I went to pay for it the band told us to take it as hubby was working the gig. I fell awful getting freebies at things like this, hubby is paid to be here, some of the bands are barely scraping by. It's a lovely gesture but unnecessary.
    I think I might take him to the independent book shop on Thursday afternoon and choose a new book - the ones we've bought with us from home are being hidden on a high shelf for a few weeks as we've read most of them about 10 times a day.
    There's also a lovely independent toy shop here so I might treat him there too. My £15.00 a day budgets have been going really well, when I meal planned on Saturday I got all the way through until tonight without having to buy anything, ive only got two more night's of meals to sort and 1 of those is going to be last night's left overs AND when I did my £15 a day calculation I miscalculated days so had 2days worth of £15 extra. Go me!

    So

    August's goals

    1) reduce Mortgage capital by £340 (this means an op of about £115)
    Actually calculated that the op needs to be £128 to hit the £340 figure, not sure why my estimates are out but:
    Currently £19/£128
    Tidied up the YNAB bill pots so where the money has gone out the pots have been zeroed
    £15.00 I haven't spent from today's budget
    £1.00 from yesterday's budget and a 1p TT to get a nice round figure (debating doing the mother £1 to round to £20 we'll see)

    2) keep an accurate cash spending diary
    Not done today oops - must get into the habit for returning home.

    3) cash out £30 of survey site rewards
    The roamler job I did yesterday paid to my account. I wasn't sure if the process, so cashed it out to check it would all work. As it was £10, I incurred a PayPal charge but £9.80 of free money, I can't complain so that's
    £9.80/£30 for this month
    I've done another PA survey today for 90p but screened out of a VO one
    This means my new 'wool pot' has £9.80 in it. I will be buying some of the lovely wool from one of the shops here before I leave (£7.99 a ball!!)) but it's 100% wool, supports a local business is amazing to work with and can come from the Christmas pressie pot as I'll be using the wool to make Christmas presents. Eventually I'd like to find all my wool buying from my wool pot, but it's early days yet.

    4) reach the middle of July on the temperature blanket.
    No progress

    5) get a job or sign up to 1 agency.
    The job I applied for a couple of days ago closed at 9am this morning, so if I've been shortlisted I will probably hear by the end of the week.

    Tomorrow
    Hubby has the day off tomorrow (until 6:30pm I think)
    So it's swimming with Pickle first thing then probably brunch out
    Then in the afternoon I'm going to see a play that's being put on here and I'm going on my own! I cannot wait.
    I've also left hubby in charge of tea as I won't get back to the house until 4:30 and pickle has his tea at 5 and hubby will need to eat before the evening session, especially as he's got a meeting afterwards about the you tube streaming that they are doing.

    Finally a little bonus
    When we went out for family cake the other afternoon I tapped my card to pay. I didn't check the amount, just tapped my card - lesson learned!
    The amount was for £8.something, however it's appeared on my internet banking as 80p I'm assuming they didn't type the amount into the card machine properly (which is why I will always check from now on in case I get overcharged)
    I know when you do online grocery shopping they will do a £1 nominal charge to check the card details you've entered are correct and then cancel it, replacing with the full amount, but I've never heard it happening for contactless.

    I'm going to leave things as they are for now, in case the full amount is still pending. But, in a couple of weeks, if it's still the same I'll add the £8.20 difference to the mortgage.

    I'm very tired now, hubby at the pub with the rest of his team and I'm going to sleep.

    Night all

    Wish.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 August: £36,411.85 8/100 September: £35,945.66 10/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
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