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  • FIRST POST
    • JAMIEDODGER
    • By JAMIEDODGER 28th Jan 18, 2:02 PM
    • 4,205Posts
    • 18,309Thanks
    JAMIEDODGER
    A little home to call my own
    • #1
    • 28th Jan 18, 2:02 PM
    A little home to call my own 28th Jan 18 at 2:02 PM
    Hi all, I hope no-one minds me starting a new thread on MFW

    A bit about me: I am a full-time working mum just approaching her 45th birthday (how did that happen?) I currently live in a housing association house with my four kids ages 13-21. One is moving out this year and another is planning to move out in 2020 (I am sure the rest will be following suit a few years later).

    I have no debt at all I am currently saving a fair whack per month, a big percentage of which goes straight in my pension. I have just started saving towards a house. I will never be able to afford to buy a house where I currently live (south coast - a tiny one bed flat here is 130k minimum) and so I am looking to move to a low cost of living area somewhere in the UK

    I am quite fortunate that I work in care and there are jobs everywhere so I am not forced to look in one particular area, so will be setting my sights on somewhere up north or perhaps Wales, not really sure as yet. I will be looking for a small 2 bed terraced house, not fussed about a garden as such, quite happy with a yard.

    Travel features pretty heavily in my future plans, so the potential to rent it out maybe while I do some slow travel could be on the cards too.

    My goal is pretty huge, for me anyway. I am going to aim to save £50000 within the next 6 years (£45k, plus £5k fees/costs etc). This is to buy a house outright in cash, so effectively by-passing the mortgage completely (so instead of saving to get a mortgage, I will be saving to be mortgage free) I am not adverse to buying a fixer-upper as I have plenty of skills in that area, there is also the potential to buy at auction. This is my starting target, which I will adjust as necessary as time goes on (house price increases etc)

    The aim is to put away £625 (minimum) each month for the next 6 years by savvy spending and doing all the usual stuff (cashback, ebay, coupons, stoozing, grocery challenge and many more...) while still paying a decent amount into my pension.

    Once I have bought a place, then I will be chucking everything into my pension so I can retire as early as possible.

    The kids are all behind me on this, and those that are working have their own healthy pots of savings and dreams of their own Those that are not yet working still have savings too, and none of my kids has any debt, or any intention to get any (proud mum moment).

    So anyhoo, feel free to comment and follow my journey to a little home of my own as a mortgage free wanabee (just not in the conventional sense)

    JD x
    #82 12k in 2018 - £1603.62/£12000 - 13.36%
    House Deposit Fund £2000.00/£50000 - 4.00%
    Travel Fund £41.01/£2500 - 1.64%
Page 5
    • beanielou
    • By beanielou 13th Feb 18, 6:52 PM
    • 50,654 Posts
    • 194,040 Thanks
    beanielou
    Good news on savings
    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***
    • newgirly
    • By newgirly 13th Feb 18, 7:04 PM
    • 6,114 Posts
    • 42,246 Thanks
    newgirly
    We did the planet Hollywood deal after the theatre Friday night, it does state service charge payable on top so I expected to pay that on the whole bill including voucher as that's what often happens, but they just charged service charge on the extra glass of red we had each

    Just being nosey but do you have any plans for while you are in london?
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • JAMIEDODGER
    • By JAMIEDODGER 14th Feb 18, 6:43 AM
    • 4,205 Posts
    • 18,309 Thanks
    JAMIEDODGER
    NG - Will bear the service charge in mind, thanks No I haven't got any plans as yet, but will be looking for free/cheap things to do, any suggestions gratefully received

    43p TT this morning! Happy Valentines to all

    Had a lovely lunch with DSD1 and DGC yesterday, although a tad blown about in the wind and rain getting there. DS3 enjoyed seeing his sister, nephew and niece too!

    Plan on going into town this morning and doing all those jobs that have been hanging around on my list for days. Ex is round this afternoon to see DD, then I am off out with BF for dinner

    So far it has been a busy holiday, but I am truly looking forward to a proper rest up from tomorrow
    #82 12k in 2018 - £1603.62/£12000 - 13.36%
    House Deposit Fund £2000.00/£50000 - 4.00%
    Travel Fund £41.01/£2500 - 1.64%
    • newgirly
    • By newgirly 15th Feb 18, 9:30 AM
    • 6,114 Posts
    • 42,246 Thanks
    newgirly
    I'm no expert JD, might be worth posting on the uk holiday board for suggestions. Personally the national gallery is one of my favourites along with the natural history museum, both free obviously
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • JAMIEDODGER
    • By JAMIEDODGER 16th Feb 18, 7:28 AM
    • 4,205 Posts
    • 18,309 Thanks
    JAMIEDODGER
    Morning

    Came down with a horrible virus thingy on valentines afternoon which meant I had to cancel our meal out and my friend coming round last night too Can't be helped. BF bought me a lovely card and red roses though! Feeling on the mend now finally.

    TT small amounts over the past two days plus sent another £100 to savings. Total so far stands at £1826.76 Just £173.24 to reach my target

    Looking into doing a trip with my BF and younger two next year in the summer. Budget backpacking style, Croatia and Bosnia down to Montenegro I am currently working out a budget and seeing roughly how much I would need to save. DS3 will be 18 then, and DD would be 15 and I think it will probably be the last time I could get them to do a decent trip with us.

    I will have to do a lot of number crunching, but I am thinking it could be done with some effort into extra bargain hunting and all the usual tactics. I wouldn't want to save any less towards my other goals (pension and house fund) so it would mean earning the extra. This is going to take some pondering

    I have managed to cross a fair bit off my to do list this week, however ironing still evades me (or I it?)

    Ongoing list:

    Collect pet meds
    Finalise pension transfer
    Ironing
    Wrap mums gift
    Take mum present over

    Off to do some more adventure planning
    Last edited by JAMIEDODGER; 16-02-2018 at 7:36 AM.
    #82 12k in 2018 - £1603.62/£12000 - 13.36%
    House Deposit Fund £2000.00/£50000 - 4.00%
    Travel Fund £41.01/£2500 - 1.64%
    • newgirly
    • By newgirly 16th Feb 18, 8:22 AM
    • 6,114 Posts
    • 42,246 Thanks
    newgirly
    I love a good challenge do you have an idea of how much you need or how you will do it? It sounds like a great idea!
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • JAMIEDODGER
    • By JAMIEDODGER 16th Feb 18, 9:32 AM
    • 4,205 Posts
    • 18,309 Thanks
    JAMIEDODGER
    NG - Trying to put together a rough budget. I am thinking that we will need around £30 a day each (which I think will be way more than we need) On top of that the cost of flights out to Croatia and back from Montenegro, plus the kids will need new passports and backpacks. I am guessing that the total for the three of us (BF will pay for himself) will be about £2600 and that will include absolutely everything, but for three weeks, three people, all in I think that is pretty reasonable

    Edited to say: We will be staying in cheap airbnb places, eating local food, cooking some of the time, budget airline, trains and buses and cheap and free sightseeing. Oh and I am the only drinker in the group, and I don't drink much either
    #82 12k in 2018 - £1603.62/£12000 - 13.36%
    House Deposit Fund £2000.00/£50000 - 4.00%
    Travel Fund £41.01/£2500 - 1.64%
    • beanielou
    • By beanielou 16th Feb 18, 2:58 PM
    • 50,654 Posts
    • 194,040 Thanks
    beanielou
    Hope you are on the mend soon.
    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***
    • JAMIEDODGER
    • By JAMIEDODGER 16th Feb 18, 3:48 PM
    • 4,205 Posts
    • 18,309 Thanks
    JAMIEDODGER
    Thanks Beanie x
    #82 12k in 2018 - £1603.62/£12000 - 13.36%
    House Deposit Fund £2000.00/£50000 - 4.00%
    Travel Fund £41.01/£2500 - 1.64%
    • JAMIEDODGER
    • By JAMIEDODGER 17th Feb 18, 6:59 AM
    • 4,205 Posts
    • 18,309 Thanks
    JAMIEDODGER
    Feel much better this morning than I have in days Popping to my parents this afternoon to give my mum her birthday present as she will be away for her birthday and I want her to have it to open while she is away

    89p TT today

    I have now decided to aim to save £2500 into the travel fund for next years adventure, this will be in addition to the £650 per month I am aiming for in my house fund It is a big challenge, but one that I feel with hard work, I can do.

    The plan is to increase my normal budgeted £625 to £650 which will be sent to my IF ISA in £100 increments over the month, I think this is doable if I reduce my grocery budget from £450 to £425 per month (I have come in way under this the last few months).

    Then, I plan on sending all extra money earned/TT/coupons/bank bonuses/ebay etc to the travel fund. I am changing the total needed to £2500 as I will not be including the children's passport renewals, as this is something I have been budgeting for separately, nor will it include the kids backpacks which I will also need to buy.

    The total needed will include all:

    Transportation
    Food
    Accomodation
    Fun (activities & tours)

    This roughly equates to an extra £150 needed per month between now and next summer

    I am adding an extra line to my signature to track my progress Wish me luck because I think I'm going to need it
    #82 12k in 2018 - £1603.62/£12000 - 13.36%
    House Deposit Fund £2000.00/£50000 - 4.00%
    Travel Fund £41.01/£2500 - 1.64%
    • A Frayed Knot
    • By A Frayed Knot 17th Feb 18, 7:50 AM
    • 2,261 Posts
    • 10,162 Thanks
    A Frayed Knot
    Wish me luck because I think I'm going to need it

    Good Luck - you will do it, its amazing when you focus just how much you can achieve
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 24 months 1/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69, 2016/£3186.80, 2017 £4068.97

    • JAMIEDODGER
    • By JAMIEDODGER 17th Feb 18, 8:27 AM
    • 4,205 Posts
    • 18,309 Thanks
    JAMIEDODGER
    Thanks AFK I am a firm believer in focusing on your dreams and making them happen x
    #82 12k in 2018 - £1603.62/£12000 - 13.36%
    House Deposit Fund £2000.00/£50000 - 4.00%
    Travel Fund £41.01/£2500 - 1.64%
    • greent
    • By greent 17th Feb 18, 9:23 AM
    • 6,690 Posts
    • 68,866 Thanks
    greent
    Good luck - am sure you'll achieve it xx
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £36.39/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 (#15) £1429.16/£18694.38 Decluttered 273/2018 items
    • beanielou
    • By beanielou 17th Feb 18, 12:42 PM
    • 50,654 Posts
    • 194,040 Thanks
    beanielou
    Glad you are feeling better.

    Good luck
    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***
    • JAMIEDODGER
    • By JAMIEDODGER 18th Feb 18, 7:01 AM
    • 4,205 Posts
    • 18,309 Thanks
    JAMIEDODGER
    £1 TT this morning

    I have adjusted figures in signature slightly to show new totals as I am now saving for the Travel Fund in the account I was previously saving the TT in. Still waiting for the £70 refund to come from SP then will add that to my final House Fund payment for the month and send to savings

    Ebay sale ending today, so hoping for a couple of pounds to come in from that

    This coming week will also see the £10 bank bonus from TSB hit my account which will be sent to Travel Fund

    I have a Tesco delivery coming this afternoon, which, fingers crossed, will be the last large shop of the month. Menu plan for the remaining 10 days of Feb is already done, and I will now have everything I need to complete the plan This should see me come in well under budget for the month

    Back to work this week. It's been a lovely break but now I have itchy feet and need to get back to it

    Ongoing List:

    Collect pet meds
    Finalise pension transfer
    Ironing
    Do toiletries/cleaning/meds list for march
    Kids prep for back to school
    Make cottage pie for dinner tomorrow

    JD x
    #82 12k in 2018 - £1603.62/£12000 - 13.36%
    House Deposit Fund £2000.00/£50000 - 4.00%
    Travel Fund £41.01/£2500 - 1.64%
    • newgirly
    • By newgirly 18th Feb 18, 8:20 AM
    • 6,114 Posts
    • 42,246 Thanks
    newgirly
    Wow that's an impresssive amount covered on a fairly tight budget, I wish I could persuade some of my lot to travel with me!
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • JAMIEDODGER
    • By JAMIEDODGER 19th Feb 18, 5:39 AM
    • 4,205 Posts
    • 18,309 Thanks
    JAMIEDODGER
    Morning all

    Officially back to work this morning, but I haven't been allocated a shift yet, so just waiting until a message comes through

    Finally the £70 SP refund payment came in today I took some of it and added it to the last amount to be sent to the House Fund from my normal budget, taking my total in that account to a nice round £2000 and reaching the target I set for Feb This is 4% of the total needed I won't be sending any more to the house fund this month so the total will not be increasing until March (boo).

    The remaining amount of the refund (£20.96) I sent to the Travel Fund, along with this morning's TT of 12p

    I am still waiting for £10 from TSB which will be sent to the Travel Fund when it comes in. My ebay item sold and the proceeds will also be transferred as soon as I have posted it and I know what is left but it will be around £5 Every little helps

    DS3 is on inset day today, but DS2 and DD are back at school/college, so it will be much quieter in the house for a few hours which will leave me time to get on with a few jobs on my list

    JD x
    #82 12k in 2018 - £1603.62/£12000 - 13.36%
    House Deposit Fund £2000.00/£50000 - 4.00%
    Travel Fund £41.01/£2500 - 1.64%
    • JAMIEDODGER
    • By JAMIEDODGER 19th Feb 18, 5:42 AM
    • 4,205 Posts
    • 18,309 Thanks
    JAMIEDODGER
    Wow that's an impresssive amount covered on a fairly tight budget, I wish I could persuade some of my lot to travel with me!
    Originally posted by newgirly
    Thanks NG.

    DS3 is Autistic so doesn't have a choice. Where I go, he goes

    DD will only be 15 when we take our trip, so likewise

    So less like persuasion and more like enforced family bonding

    Wicked me
    #82 12k in 2018 - £1603.62/£12000 - 13.36%
    House Deposit Fund £2000.00/£50000 - 4.00%
    Travel Fund £41.01/£2500 - 1.64%
    • newgirly
    • By newgirly 19th Feb 18, 7:39 AM
    • 6,114 Posts
    • 42,246 Thanks
    newgirly
    Good for you
    MFW 21
    Target for 2018 £40k/£3769.26 paid so far

    Mortgage £43,856 4yrs 4 mths left. Total owed £58,228.74 planning to clear in 15 months
    Weight loss target 2018- 21lb /5 lb lost
    • JAMIEDODGER
    • By JAMIEDODGER 20th Feb 18, 5:36 AM
    • 4,205 Posts
    • 18,309 Thanks
    JAMIEDODGER
    Small TT this morning of 4p Plus money from eBay sale. Both sent over to Travel Fund. Total now £27.85 A long way to go to reach the £2500 I need but off to a great start and plenty of time to achieve my goal

    Back to work this morning as I now have a full week of shifts booked up

    Looking over the budget for this month and it has been expensive I have had some larger expenses that have come up during this month, but this is not a problem, some months are high saving months and some months are lower, but it all balances out in the end and over the course of 2018, I should still reach all of my savings goals. Next month should be better as it is a three pay month for me as I get paid fortnightly.

    My grocery budget is one I am particularly pleased with for Feb. With only eight days left in the month, and through sheer determination to reduce the stock pile and eat our way through our reserves, I am still way under £300

    Anyway, all is on track for 2018 being my best savings year ever

    JD x
    #82 12k in 2018 - £1603.62/£12000 - 13.36%
    House Deposit Fund £2000.00/£50000 - 4.00%
    Travel Fund £41.01/£2500 - 1.64%
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