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  • FIRST POST
    • Newfrugallife
    • By Newfrugallife 28th Sep 17, 4:40 PM
    • 12Posts
    • 48Thanks
    Newfrugallife
    My New Frugal Life
    • #1
    • 28th Sep 17, 4:40 PM
    My New Frugal Life 28th Sep 17 at 4:40 PM
    Hi all, I used to post quite a bit under a different name on DFW forum but have lost my log in, also my situation changed dramatically so I'm taking this opportunity to create a fresh new log in and start my new frugal life

    I will be back with a quick intro and my plans a little bit later on
Page 1
    • Newfrugallife
    • By Newfrugallife 28th Sep 17, 5:09 PM
    • 12 Posts
    • 48 Thanks
    Newfrugallife
    • #2
    • 28th Sep 17, 5:09 PM
    • #2
    • 28th Sep 17, 5:09 PM
    Ok so in a quick nutshell we have a large mortgage of £221,528 and its not great as its on 34 years term. Also due to a change in circumstances I will be stay at home mum starting next month, so we will have to manage on husbands salary.

    But I have been a budget queen while paying our debts and am very confident I can do this again and not only "manage on one salary" but save and overpay the mortgage as well! I will use this diary to run a pretty tight ship and record my goals and achievements!

    At the moment I'm still playing around with the budget, but will be back once I finalise the figures.
    Last edited by Newfrugallife; 06-10-2017 at 2:40 PM. Reason: wrong mortgage amount
    • greent
    • By greent 28th Sep 17, 6:13 PM
    • 6,300 Posts
    • 63,844 Thanks
    greent
    • #3
    • 28th Sep 17, 6:13 PM
    • #3
    • 28th Sep 17, 6:13 PM
    Hello and welcome!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £4607/£3286
    Net sales 2017 £1202.80/£500 PAYDOX17 £11635/£10k Decluttered 1650/2017 items
    • maia_evo
    • By maia_evo 28th Sep 17, 6:18 PM
    • 74 Posts
    • 193 Thanks
    maia_evo
    • #4
    • 28th Sep 17, 6:18 PM
    • #4
    • 28th Sep 17, 6:18 PM
    Hello New Frugal LIfe, I started my diary a month ago at the same time as "learning" about living a more frugal life. The positive impact already has been life changing for me.

    I'll subscribe and support along the way.
    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
    • Dot Cotton
    • By Dot Cotton 28th Sep 17, 7:18 PM
    • 5 Posts
    • 11 Thanks
    Dot Cotton
    • #5
    • 28th Sep 17, 7:18 PM
    • #5
    • 28th Sep 17, 7:18 PM
    Hello!

    I signed up to MSE just to subscribe to your diary! I've been lurking a while so it was about time ��

    I'm also a stay at home mum living off my husband's salary. We're overpaying on our mortgage a little every month but hope to increase. I'm looking forward to reading about your frugal ways to keep us motivated ��
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 28th Sep 17, 8:16 PM
    • 461 Posts
    • 1,783 Thanks
    wishingthemortgaheaway
    • #6
    • 28th Sep 17, 8:16 PM
    • #6
    • 28th Sep 17, 8:16 PM
    Another stay at home mum/kept woman here.

    We manage to overpay too - just a little bit but it helps. It's all about setting the budget and sticking to it. I also find that I have more time to bargain hunt the grocery shopping than I would if I was working.

    Surveys, mystery shopping and shopping cash back also help boost my mop pot.

    Good luck.
    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
    • beanielou
    • By beanielou 28th Sep 17, 9:53 PM
    • 47,786 Posts
    • 173,448 Thanks
    beanielou
    • #7
    • 28th Sep 17, 9:53 PM
    • #7
    • 28th Sep 17, 9:53 PM
    Happy shiny new diary
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Judi
    • By Judi 28th Sep 17, 10:53 PM
    • 15,178 Posts
    • 61,998 Thanks
    Judi
    • #8
    • 28th Sep 17, 10:53 PM
    • #8
    • 28th Sep 17, 10:53 PM
    I love debt busting diaries though i'm not in debt myself. I wish you well.
    'Holy crap on a cracker!'
    • Betterthanever
    • By Betterthanever 29th Sep 17, 7:37 AM
    • 282 Posts
    • 1,103 Thanks
    Betterthanever
    • #9
    • 29th Sep 17, 7:37 AM
    • #9
    • 29th Sep 17, 7:37 AM
    Hello! I'm another ex DFW returning with a new name and changed circumstances so I shall certainly be keen to follow this next part of your journey. Good luck and welcome aboard!!
    Former DFW Nerd 230. Determined to be MF.
    Current balance £116,149.98. Offset £1,236. £114,913.98 needed to be mortgage neutral!
    End date - 03/29 but aiming for 10/22

    Bring it on!
    • Newfrugallife
    • By Newfrugallife 29th Sep 17, 5:51 PM
    • 12 Posts
    • 48 Thanks
    Newfrugallife
    Wow so many replies! I didnt expect that thank you and hello

    One place I'm planning to do better budgeting once I'm a stay at home mum is food shopping. We are a family of four and two cats and currently spending about 250/ 300 on food/ cleaning stuff/ bath stuff etc per month. I'm hoping to cut this to 200 a month and once I'm at home I'm actually planning going shopping everyday Mon to Fri and spend up to £10 a day (so £50 a week).

    The reason I want to go everyday is that I want to create some sort of a routine where I will walk my youngest to school, then go to Aldi and walk back, it will be about 20 to 30 minute walk and will double up as my exercise. And if I shop for one day at a time it wont be too much to carry. I'm actually very excited As for the weekends, I'm hoping to have enough bits left over from the week if you know what I mean.

    I still have two and a bit weeks left at work and counting down the minutes
    • Poorlittletightgirl
    • By Poorlittletightgirl 29th Sep 17, 6:49 PM
    • 29 Posts
    • 86 Thanks
    Poorlittletightgirl
    Good luck, will be watching with interest!
    • wildesavings
    • By wildesavings 29th Sep 17, 10:09 PM
    • 170 Posts
    • 468 Thanks
    wildesavings
    Hello!

    I've been a sahm for years (love that autocorrect wanted to call me a sham! Lol so true!)

    I love it and we're throwing lots at our mortgage still and oh isn't on mega bucks.

    Just shop smart, keep on top of bills cost and I think you'll be pleasantly surprised how much working cost you xxxx
    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
    • Dot Cotton
    • By Dot Cotton 30th Sep 17, 7:16 AM
    • 5 Posts
    • 11 Thanks
    Dot Cotton
    I agree wildesavings. I spend way less now than I did when I was working. I've also become way more savvy with my money.
    I'm the opposite to you newfrugallife, I need to stay out of the shops, an Aldi visit once a week, zooming past the special offers section for house/toys etc does me
    • Newfrugallife
    • By Newfrugallife 30th Sep 17, 11:06 AM
    • 12 Posts
    • 48 Thanks
    Newfrugallife
    So many reassuring replies thank you

    Our biggest costs while I’m working are childcare and travel to London so already cuts a big chunk. Then the usual work expenses lunches, team building, clothes etc etc.... and we also used to run a second car which we sold now, so a saving there and some cash for emergencies.

    After all bills and food, we should have about £200 left at the end of the month. It doesn’t sound too bad but this has to stretch for any birthday/Christmas/kids/emergency fund and hopeful mortgage overpayment. So when you look at it like that it’s not a lot! Luckily I have been squirrelling money away while still earning so have a beginnings of an emergency/ Christmas & birthdays fund already
    • Mrs Money Penny
    • By Mrs Money Penny 2nd Oct 17, 9:10 AM
    • 718 Posts
    • 6,241 Thanks
    Mrs Money Penny
    Good luck with your journey have subscribed. I am also facing a large wage cut at the end of the month. So I have been using up odds and ends to make meals. I want to lower my food spend this isn't always easy with a 21 year old son!
    MFIT T4 40
    MFIT Challenge save £40k
    £55526:/36617/18909
    • michelle09
    • By michelle09 2nd Oct 17, 6:55 PM
    • 308 Posts
    • 1,018 Thanks
    michelle09
    Good luck newfrugallife! £200 may not seem like a lot but over the months it definitely adds up, particularly if the mortgage reduces over time.
    • Newfrugallife
    • By Newfrugallife 9th Oct 17, 2:06 PM
    • 12 Posts
    • 48 Thanks
    Newfrugallife
    Just paid my last bill of before and after school care! Woo hoo next week my new frugal life really begins

    Initially I will record every bit of our spending just to see exactly where we are, also as i have been saving pretty much most of my wages for the past few months in preparation we now have 1,000 in emergency fund and 1,700 in Christmas/ Birthday/ Entertainment/ clothes/ everything else fund. But I still havent decided how much/ if anything we will spend of entertaiment each month as I need to make sure we are sustainable and are able to replenish the funds in the future etc...

    The plan from next month for the projected £200 surplus is to allocate £50 to Emergency fund, £50 to Christmas/ Birthday/ Everything else fund, then £50 to mortgage overpayment which leaves £50 for possible entertainment. And in terms of entertainment Im thinking family cinema trip/ meal out etc... I just dont know if its very realistic???

    Another option is not to add to the emergency fund every month and only keep it topped up to 1k (ie if we take out 200 for new washing machine, for example, we then put that back over few months, and so forth). OR not to over pay the mortgage yet... But i feel all these 4 categories are important so a bit torn at the moment and need to see how we go.

    In terms of the entertainment for the upcoming half term , I will be taking the kids to tate modern, so hopefully a cheap day out, will take sandwiches etc... Meeting friends which is free, going for walks/ bike rides etc depending on the weather
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 9th Oct 17, 3:32 PM
    • 461 Posts
    • 1,783 Thanks
    wishingthemortgaheaway
    I think you are right to look at your spending and see what happens when you are being frugal, but still living life.
    You've got a REALLY good cushion of nearly £3000.
    Record everything between now and Christmas and adjust accordingly.
    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
    • Mrs Money Penny
    • By Mrs Money Penny 9th Oct 17, 4:18 PM
    • 718 Posts
    • 6,241 Thanks
    Mrs Money Penny
    Good luck look forward to joining you on your journey.
    MFIT T4 40
    MFIT Challenge save £40k
    £55526:/36617/18909
    • Newfrugallife
    • By Newfrugallife 14th Oct 17, 7:29 PM
    • 12 Posts
    • 48 Thanks
    Newfrugallife
    Next week woohoo! It still doesn’t seem quite real that I’m leaving my job, I’ve worked full time since leaving school (bar maternity leave) so it will be a big adjustment!
    Eventually I am hoping to take a local part time job which works around the kids (aren’t we all!) but hoping to focus on home and various other things for a few months at least. A big reason for leaving my job is my mental health so I will try and get to the bottom of that. I have known for awhile that a visit to doctors is in order but seriously haven’t had time!

    So, next step is to write my to do list, which I will do shortly. This will keep me on a straight and narrow

    Be back soon
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