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    • mumof3.12kindebt
    • By mumof3.12kindebt 23rd Oct 17, 9:38 PM
    • 145Posts
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    mumof3.12kindebt
    Best put on my big girl pants! my saving for a deposit diary
    • #1
    • 23rd Oct 17, 9:38 PM
    Best put on my big girl pants! my saving for a deposit diary 23rd Oct 17 at 9:38 PM
    My diary to debt free and saving for a deposit by 35 .

    we aim to save 25k before even going to the bank for a dip

    current age 25 . current financal status . trying but not trying hard enough . in debt with hardly a pot to wee in ... it has to change ... from today

    we have consolidated our debts as of November so will just do an update regarding extra payments and a remaining balance every few months.

    for the most part this will be my diary on saving for a deposit the highs lows and raising 3 children all currently 8yo or younger while doing it .
    Last edited by mumof3.12kindebt; 02-12-2017 at 5:56 PM.
Page 3
    • mumof3.12kindebt
    • By mumof3.12kindebt 6th Dec 17, 12:51 AM
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    mumof3.12kindebt
    Tahlullah

    Just read your diary. You clearly have a plan which is based on the needs of your family, and if you can get it to work, you should go for it.

    Hope the extra storage gives a bit more space until you can get enough saved for the deposit.


    Thankyou . Sorry if Ive came across abrupt on some of my replies to you guys. I really don't mean to and I really do take all advice on board.

    I'm in a Better frame of mind today than I was earlier in the week and silence101 your post about storage made me realise investing in some better /more storage until we can move so it's easier to live here made alot of sense. I'd been thinking about things and how we could make it work better for a while but was too scared to see my savings drop a little to take the plunge. I know when the delivery comes and I'm finally getting the place how I imagine it will begin to feel much more like home until the day we have to say good bye and move on to our next Chapter so Thankyou you helped me realize it's not a waste it's a way We can comfortably live better until we can afford bigger. (ie afford to move)
    getmore4less thankyou for your advice regarding my loan /savings.
    I've decided I'm going to see what we can save by the end of next year and if we are comfortable here and not in so much of a rush once we have made further improvements with our living space I'll pay off The loan next Dec and start to rebuild the savings account from there. Essentially if we can move before youngest starts school that will also be before my eldest son chooses what gcses he sits ready for year 9 (he's currently in ur 4). We ideally need to move by then at the latest so we don't disrupt my eldests gcse core studies as we would have to move him schools (assuming we wont be able to buy in our village) . My mum moved me schools towards the end of year 10 and it really messed up my gcses so I always said I'd never put my kids through the same.

    So in conclusion just under 3 and a half years Max to pay off the loan . Save a deposit . move. And get the kids settled. I think they pick their gcses the June of year 8. Unless it's changed.
    So we have until April /may of 2021 thats 3 years 3 months and 26 days or 1212 days (can you tell I Googled it I was intrigued )

    I'm off to get some sleep.
    Here is to a frugal fun and saving hard 2018 and beyond. Whatever it takes (I have boundaries ) to get to that finish. Best bit is if we hit that goal we will also achieve another of being debt free before 30 and another of being homeowners (ish) before 30 !

    Can you tell I'm feeling much more positive tonight.
    • Silence101
    • By Silence101 6th Dec 17, 7:47 AM
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    Silence101
    That’s great! And the right storage should hopefully make a world of difference. I’d look on Pinterest and IKEA website first, so you know exactly what will work, and not clutter up the space more.
    I was thinking, your son might need one of those bunk beds with a desk underneath, so he has space for homework. And they usually have wardrobe space too so save a fair bit of space. I saw a few on gumtree when we were thinking of buying one, so it doesn’t have to be too expensive.
    09/17 Shared Ownership 50% share - Mortgage £77500 Original MFW 2052
    10/17 OP £108.01 /£100 11/17 £471.44/£100 12/17 £114/£100
    • Tahlullah
    • By Tahlullah 6th Dec 17, 8:13 AM
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    Tahlullah
    1212 days. Hooe you get yourself a calendar/spreadsheet so you can track each day of saving whilst you count them off. Anyway, I am a bit sad as its the sort of thing I would do!

    You have a great plan with absolute deadlines with sound reasoning behind them. And with the careful planning of storage solutions within the home, you will be fine.

    I agree Ikea is the place to look. Allows you to picture small space living with effective storage solutions. Plus it isn't too expensive so won't eat away at your savings.

    Good luck, I will be watching and cheering you on to your new life.
    Striving to be mortgage free.
    • mumof3.12kindebt
    • By mumof3.12kindebt 6th Dec 17, 9:37 AM
    • 145 Posts
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    mumof3.12kindebt
    Ikea was where I ordered from.

    2 years ago I invested in a set of wooden bunks with a trundle bed underneath effectively giving us 3 beds when the lowest is pulled out. It also has 3 small drawers where all the boys bedding and blankets are stored. We have recently put it back to a bunk as separately they had no room just a small gap between the beds to get in and out of bed. It's made a bit more space putting it back to a bunk bed. But as it separates if we move sooner and youngest isn't in a bed or is still in with us for whatever reason we won't need to buy the boys new beds.
    I reduced my Nanas small folding table as it was going to be taken to land fill it fits both boys on it with the one side up so we have managed to make space in the kitchen area for it for the boys to eat at and eldest to do his homework at. When we move eventually eldest will have the smallest room probably a box room size so I will look at getting him a loft or cabin bed with a desk and wardrobe or chest of drawers underneath.
    • mumof3.12kindebt
    • By mumof3.12kindebt 7th Dec 17, 8:02 PM
    • 145 Posts
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    mumof3.12kindebt
    I've mentioned on previous post about my second son having global development delay. Today we recieved the letter off his peadiatricain regarding his last appointment. Why is it always more of a slap in the face reading something than being told.
    Basically they suspect he has a type of dwarfism so he is going to have to have further investigations for that now too. (he has the classic symptoms) ... There's always something isn't there. It's it wrong to feel sad. I also wonder if I feel like this now how the hell am I going to cope with them telling me that it is definitely that
    • Tahlullah
    • By Tahlullah 7th Dec 17, 8:16 PM
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    Tahlullah
    No its not wrong to feel sad. I am sorry to hear that about your son and they really should have told you face to face rather than rely on a letter. Doesn't give you an opportunity to ask questions.

    But on the other side, you can ask for a meeting and by the time you get to meet, you will have had the opportunity to think through all the questions you want to ask and wouldn't have thought of at the time.
    Striving to be mortgage free.
    • mumof3.12kindebt
    • By mumof3.12kindebt 9th Dec 17, 4:56 PM
    • 145 Posts
    • 293 Thanks
    mumof3.12kindebt
    Today has been spent decluttering the hall.
    We each have one coat. One bag 2 winter hats one summer hat scarf and gloves. I have an everyday pair of shoes. Snow boots and wellies same for partner kids have school / nursery shoes. Trainers and wellies and snow boots. Baby has a snowsuit and a quilted coat.

    I want to tackle our bedroom on my days off next week. The kids room has nearly been sorted. Ready for the new storage unit to arrive
    • mumof3.12kindebt
    • By mumof3.12kindebt 10th Dec 17, 10:19 AM
    • 145 Posts
    • 293 Thanks
    mumof3.12kindebt
    We have had quiet abit of snow here. Luckily no work today but will have to drive home at 10pm tomorrow and back in work at 7am on Tuesday. They have an empty room there and I'm half tempted to ask my manager if I can sleep in there instead of having to drive home on what will probably be icy roads in the dark.
    Anyway stay safe everyone x
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