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    • Downshifterella
    • By Downshifterella 29th Jul 17, 9:51 PM
    • 63Posts
    • 322Thanks
    Downshifterella
    Looking to have a simpler life .......
    • #1
    • 29th Jul 17, 9:51 PM
    Looking to have a simpler life ....... 29th Jul 17 at 9:51 PM
    Hello you lovely lot!!
    It's been yeeeeears since Ive been on the forums ..so much so that I've forgotten my old username!!

    Anyway, new start! ....

    So I've been playing around with MF dreaming for a few years now but really knuckled down when it came to thinking about our re-mortgage plans at the end of 2017...the first aim is to save up £5000 to be able to get a better LTV for the remortgage by the 31st December!

    In terms of household there is me, hubby and a few pets but no sprockets yet . We live in a gorgeous part of the county and are busy DIY ing to get the house and garden finished ( long term project this one!!)

    Both of us have fairly well paid but stressful jobs , redundancy and cuts forever threatening and keeping us doing more with less..and to be honest , a big part of my mortgage free goal is to have a simpler ( or self-directed) work life balance . I love the idea of doing something self employed/part time or working from home....have not had time or head space to figure that out yet , so thus far , efforts have been to pay off the mortgage !!!

    Goal for the summer is cutting down on unecessary food spends, may do some business plotting but I think that is for later down the line!! Also money saving on transport ...commute into the next major city to us weekly and saving time ( but not money) on the journey so far. There is a possibility of cheaper journey ( but would look at an almost 2 hr commute ..it's an hr and half at the mo!) £15 savings each time.....

    Will figure out our basic budget when I have a chance soon! And have a read through others plastic for some inspiration!

    Looking forward to getting stuck in

    Downshifter Ella xx
    MF planning for the simple life
Page 2
    • wildesavings
    • By wildesavings 29th Aug 17, 2:00 PM
    • 170 Posts
    • 476 Thanks
    wildesavings

    If that idea doesn't stop me shopping, then I'm not sure what will!
    Originally posted by Downshifterella

    Same here.... it's so tempting to spend (at least it is for me lol) but there's nothing like having a bigger goal in mind to focus us.

    5 years sounds amazing. Our mortgage is officially 18 years, 11 with current regular OP but I'm aiming for 8 It would be the best 25th wedding anniversary present I could think of
    Started my MFW journey in August 14 : £103,650
    2017 : Mortgage at 1/1/17 - £96,839 - now : £91,342 - capital reduced by £5497 so far this year
    • maia_evo
    • By maia_evo 29th Aug 17, 3:08 PM
    • 76 Posts
    • 200 Thanks
    maia_evo
    Hello Downshifter and thank you for your diary. I've just started mine and love to read what other people are doing.

    You mention wanting to work for yourself. I've been self employed for 8 years. The best bit is you are your own boss. Sadly, that's the worse bit too! Wouldn't change it though and I am definitely unemployable now.

    Recommend getting those easy fixes done. I've just switched elec suppliers to save about £350 a year. Food shopping is where I am going to make the biggest savings. I've switched supermarkets and I'm menu planning. I'm estimating at least £100 a month less spent there and more into OP fund.
    Take care of the here and now and the future will be taken care of.
    MFW 2017 £6000 (currently £5201) | Product Sales Target 10 (currently 2) | Tesco CC £5116.50 - £0
    • Downshifterella
    • By Downshifterella 29th Aug 17, 4:42 PM
    • 63 Posts
    • 322 Thanks
    Downshifterella
    Hi wildesavings
    It certainly is tempting, but like you say good to have a bigger goal in mind!! what a fab anniversary present for you guys!!
    5 years wow be I think the very very earliest but feels do able ( and not so far away that it makes me want to give up!)

    Maia-evo
    Thanks for popping by. Will definitely pop over to your diary to see what you're up to and any tips! Definitely like the idea of being my own boss, but I'm sure there are lots of tricky bits too! If it's ok to ask (down feel you have to answer) what was it that helped you take the leap into self employment?

    Fab on the energy savings, switched ours for an almost £300 saving on what we would've been charged, phones and internet changed for updated savings and definitely need to get the food spends reigned in. Satisfying to "shop" from the cupboards sometimes!

    Hope you guys have had a good day
    MF planning for the simple life
    • Downshifterella
    • By Downshifterella 1st Sep 17, 10:35 AM
    • 63 Posts
    • 322 Thanks
    Downshifterella
    Happy 1st of September everyone
    I love this time of year , it always fills me with hope and plans (moreso than New Years for some reason ( I'm probably still in a mulled wine and too -many-quality-street coma by then! )

    So.....September goals!
    1) see if we can food shop for £100 ...this is a big reduction but we have stuff we can use up (pasta/rice/tins) and a full freezer drawer! Going to give up my Friday wine to achieve this I think! dedication if ever I heard it!

    2) make £50 from Amazon/eBay sales ...no idea if this is possible but have a few things that may sell, so never say never.

    3) start looking at remortgage deals (need to sort this out by new year so can't be in too much of a mulled wine coma! Lol)

    4) Do 3 runs /exercise.classes a week. Moneysaving by.using what I've paid for, and also great for my health (both physical and mental) which will hopefully keep me on the straight and narrow MSE-wise.too!

    5) listen to Headspace each day... Again , using something I've paid for, but good for the old brain too!

    That'll do for now I reckon! Plans for today from this include 1,3,4 and 5 ...providing it doesn't rain later (for the running!). We have some bendy veg in the fridge that may make soup or a chilli if I grab some mince, and windfall fruit for jam/crumble making! Better get on with it, this goal setting makes for a busy day!

    Happy Friday everyone
    MF planning for the simple life
    • Poorlittletightgirl
    • By Poorlittletightgirl 1st Sep 17, 1:59 PM
    • 29 Posts
    • 87 Thanks
    Poorlittletightgirl
    Hi Downshifter Ella,

    I'm currently in the process of remortgaging and found L&C (who MSE use for their mortgage booklets) to be really helpful, easy and free!

    Good luck with your September goals x
    • wildesavings
    • By wildesavings 1st Sep 17, 6:14 PM
    • 170 Posts
    • 476 Thanks
    wildesavings
    Goals look great! xxx
    Started my MFW journey in August 14 : £103,650
    2017 : Mortgage at 1/1/17 - £96,839 - now : £91,342 - capital reduced by £5497 so far this year
    • Downshifterella
    • By Downshifterella 2nd Sep 17, 10:47 AM
    • 63 Posts
    • 322 Thanks
    Downshifterella
    Thanks PLTG I will definitely look into L and C as one of the options! Sounds like you've found a good one there!

    Thanks wildesavings, got most things done yesterday, other hand the service! Must keep on top of that one and not let it slip!

    Frugal foraging of the garden, trees and cupboards has meant we now have 2 lots of stewed fruit, dinner from freezer last night, lunch for today and tmrw ( including feeding friends both days) and a tub of homemade soup ready for the week!

    Then I got a bit carried away baking wise and attempted a new challenge.....

    With slightly OOD cake mix.....let's just say I wouldn't have made bake off!

    Have some littler "to co's" on the list for this week but all manageable! Had a play with the OP calculator this morning too and though 4 years would be nice ( but very tight without a lottery win!) 5 years is certainly looking doable so by Christmas 2022 the end will be in sight

    Hope everyone has a lovely weekend xx
    MF planning for the simple life
    • Betterthanever
    • By Betterthanever 2nd Sep 17, 11:01 AM
    • 371 Posts
    • 1,525 Thanks
    Betterthanever
    Have a lovely weekend yourself!!

    Current balance £115,428.65. Offset £1,775.31. £113,653.34 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22
    Money for Nothing pot = £392.99
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • michelle09
    • By michelle09 2nd Sep 17, 12:28 PM
    • 395 Posts
    • 1,483 Thanks
    michelle09
    Great looking September goals. Ditto on the run/exercise classes. Prepaid for a year's membership so it's just a waste. And it's time you can't spend money elsewhere!
    • squirrelgirl
    • By squirrelgirl 2nd Sep 17, 3:46 PM
    • 130 Posts
    • 633 Thanks
    squirrelgirl
    Good luck with it all....subscribing
    MFW £3510.00/£22968.96: October GC £30/£300
    • maia_evo
    • By maia_evo 3rd Sep 17, 4:48 PM
    • 76 Posts
    • 200 Thanks
    maia_evo
    Maia-evo
    Thanks for popping by. Will definitely pop over to your diary to see what you're up to and any tips! Definitely like the idea of being my own boss, but I'm sure there are lots of tricky bits too! If it's ok to ask (down feel you have to answer) what was it that helped you take the leap into self employment?

    Hope you guys have had a good day
    Originally posted by Downshifterella
    Ask away, very happy to help.
    I had worked my job for nearly 10 years. It had been wonderful but I was getting bored and could sense there were changes ahead. It had been privately owned by active owners who were selling it (£750m - they did very well). So thought I'd try something for myself under the guise of "if it doesn't work out I can get another job". It helped I had no dependent children (son young adult by that point).

    What would make you take the leap?
    Take care of the here and now and the future will be taken care of.
    MFW 2017 £6000 (currently £5201) | Product Sales Target 10 (currently 2) | Tesco CC £5116.50 - £0
    • wildesavings
    • By wildesavings 3rd Sep 17, 6:51 PM
    • 170 Posts
    • 476 Thanks
    wildesavings
    5 years! Sounds so good! 60 payments - that's all Go for it!
    Started my MFW journey in August 14 : £103,650
    2017 : Mortgage at 1/1/17 - £96,839 - now : £91,342 - capital reduced by £5497 so far this year
    • Downshifterella
    • By Downshifterella 3rd Sep 17, 7:08 PM
    • 63 Posts
    • 322 Thanks
    Downshifterella
    Thanks everyone feeling much more in control of things having a diary and a plan in place!!

    Michelle09
    Thanks, good luck with the classes I made one at the gym this morning so on track with one goal at least!
    And you're right can't spend money while at the gym or exercising!

    Thanks Squirrel for subscribing!
    Will have a look for your diary if you have one

    Maia-evo
    Thanks for your reply and talking through your experiences. Good question re what would make me take the leap. ....
    I think a few things
    1) would be having the remortgage done as wouldn't then need the "security" of permanent employment/ contracts etc..
    2) Having some savings behind us so it wouldn't be crazy pressure to just do anything (say 3-6 months expenses )
    3) part of it is probably having a real business plan and idea of what if wanted to do for my working week ....I'm just not sure I have much left in me for what I do now, but at the same time it's good money for what I do.... Like you through , I sense changes ahead and change of ownership or direction etc quite likely in the next year to 18 months. Perhaps too it's using that 18months to plan and try out ideas and get something more solid in place .

    Few more things thrown up too by doing some of this thinking but that's been helpful to think and sort through my thoughts and the varying factors impacting on it! Definitely some planning ahead!

    Money saving day today with dinner with friends, cooked from stores , done some decluttering too ( for anyone who recommended the 30 days to a clean and organized house thank you!)

    Pack lunches for work tomorrow, made the mistake of turning on my work emails tonight trying to distract myself now with some trashy TV and a quick dinner!

    Happy Sunday everyone x
    MF planning for the simple life
    • pinkypig
    • By pinkypig 3rd Sep 17, 9:19 PM
    • 724 Posts
    • 6,327 Thanks
    pinkypig
    Great September goals. I'm determined to get back to full fitness because it boosts my energy and clears my head. We'll have to chivvy each other along
    • Betterthanever
    • By Betterthanever 3rd Sep 17, 10:03 PM
    • 371 Posts
    • 1,525 Thanks
    Betterthanever
    Glad that you're feeling in control. It means that you'll smash September to smithereens?!

    I love the gym. I'm grumpy and grouchy without it! For me, my monthly membership is well worth it!!

    Current balance £115,428.65. Offset £1,775.31. £113,653.34 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22
    Money for Nothing pot = £392.99
    Former DFW Nerd 230. Determined to be MF. Bring it on!
    • Downshifterella
    • By Downshifterella 5th Sep 17, 7:39 PM
    • 63 Posts
    • 322 Thanks
    Downshifterella
    Thanks pinkypig
    Absolutely up for chivvying along. Managed a workout yesterday and planning a run for tmrw , so far.....so good!

    Thanks Better than never
    Me too ! I'm much happier and better to be around when I'm hitting the gym regularly but so easy to get out of the habits , am hoping if I get into too habits in September I can really keep it going as the nights draw in!

    Money saving wise...
    Pack lunches everyday so far this week ( all 2 of them!! )
    Money claimed back from work and an extra bonus into the bank in the next couple of weeks!
    £50 (ish) p/m payvrise (shall need to see what this translates to by the end of the month)
    Done a supermarket shop with various vouchers saving £7 ..only bought the essentials and still running down the freezer/cupboards .
    £12 sitting in TCB but won't be payable for a while.
    Adding all up though that's around£200 extra this month into the remortgage pot!

    Ella x
    MF planning for the simple life
    • maia_evo
    • By maia_evo 5th Sep 17, 8:25 PM
    • 76 Posts
    • 200 Thanks
    maia_evo
    Maia-evo
    Thanks for your reply and talking through your experiences. Good question re what would make me take the leap. ....
    I think a few things
    1) would be having the remortgage done as wouldn't then need the "security" of permanent employment/ contracts etc..
    2) Having some savings behind us so it wouldn't be crazy pressure to just do anything (say 3-6 months expenses )
    3) part of it is probably having a real business plan and idea of what if wanted to do for my working week ....I'm just not sure I have much left in me for what I do now, but at the same time it's good money for what I do.... Like you through , I sense changes ahead and change of ownership or direction etc quite likely in the next year to 18 months. Perhaps too it's using that 18months to plan and try out ideas and get something more solid in place .
    Originally posted by Downshifterella
    Very good list.
    1. May not be a problem depending on LTV (I'm about to approach bank for remortgage and hope they wont be too bothered about my drop in income recently as LTV 26% currently).
    2. VERY IMPORTANT - I'd edge for the 6 month level.
    3. Something will become obvious I'm sure
    Take care of the here and now and the future will be taken care of.
    MFW 2017 £6000 (currently £5201) | Product Sales Target 10 (currently 2) | Tesco CC £5116.50 - £0
    • Downshifterella
    • By Downshifterella 12th Sep 17, 10:16 PM
    • 63 Posts
    • 322 Thanks
    Downshifterella
    Thank you Maia evo
    Definitely really helpful to have input from someone whose "been there" so to speak. I think having the savings behind me as well as something resembling a business plan into something more solid will be a good goal to start towards.

    On that note, work/life balance feeling slightly outta wack this week for various reasons. Plans underway to reverse that including some moneysaving trips out with the hubster and time to just "be".

    Food spends to be tallied but not been mindlessly buying and am using things up/planning meals ( leftovers from tonight for lunch tmrw ) so hoping we come in lower spends than usual.

    Cheaper phone contract negotiated this week, saves a few quid per month!

    Other than that no grand master money plans now till payday!
    MF planning for the simple life
    • FloppyDisk
    • By FloppyDisk 13th Sep 17, 8:43 AM
    • 493 Posts
    • 3,684 Thanks
    FloppyDisk
    I still can't help on the freelancing front, though my OH is making noises about being interested in going that way too now.

    I'm definitely going to have a good think about cash reserves, how much and where best to store them. And also how to make the most of dividends and if OPing the mortgage is the best thing from a tax perspective. Your plans to get rid in 5 years will give you so much more flexibility in your planning!
    July 2012 £139,642 / Nov 2017 £111,504
    EF - £11,504/£25,000
    • Downshifterella
    • By Downshifterella 18th Sep 17, 7:52 PM
    • 63 Posts
    • 322 Thanks
    Downshifterella
    Thanks Floppy Disk
    What kind of thing is OH interested in doing? I'm definitely going to spend some time researching and talking to friends who are self employed to look at the pros and cons!

    Definitely need to look into savings options too!

    Feeling a bit meh today , having a few ongoing health issues which probably aren't made better by work/life balance ...so some thinking and adjustments to do there I think! Have been doing too much saying people pleasing .and now overcommitted for next few weeks......need to shift that!

    Looking at September goals...the lowdown for now is as follows:
    1) £100 food budget ....gone away over this ,but have bought some essential household stuff in with that too! Haven't bought wine tho!
    2) Amazon and eBay...not got far with this but have decluttered a lot to charity which I'm pleased with!
    3) found a couple of remortgage possibilities , think Nov/Dec will be putting the wheels into motion there
    4) actually have managed this which I'm pleased with!
    5) Headspace definitely more regular tho not everyday , have it set up tonight then a cuppa and early night methinks!

    Have sorted some savings in transport costs and been frugal with pack lunches this month...in fact if I just measure from 1st sept and we week out what we have in the house, may not be far off £150 for the month ( week and a half left!) That makes me feel a bit better on the MSE front!
    MF planning for the simple life
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