The Mortgage Free in Three - Take 2 challenge (MFiT-T2)

FunnyRabbit

Little_Mama wrote: »

Quite agree, we've just parted with a very large sum _pale_ but it's important to us and our children to have that time together and do magical things with them. We've told our two that we will be saving hard when we get back, they are both under 10 but they know our goals and respect those.

It's all about that happy balance, life's too short......but I'll be looking on the OS board for meal planning tips and will have RSI from dailyclicking! :rotfl:

I totally agree with you, and actually my husband and I where talking about it all last night. I do want our children (we have three) to look back on thier childhood and remember nice things, not that we were constantly penny pinching. Its about balance, so we have stopped buying them gifts and treats all the time, but we still like to enjoy family days out (with the help of Mr T of course )

FunnyRabbit

W are over 1000 posts already! We are a talkative lot.

wynnvegas

Rookie mistake!!

I like to keep a £1,000 buffer in the bank for anything that may come up and it's been blown this month by the council tax - I had forgotten that it's February and March that are non council tax months so, by my way of it, we're now behind - off to investigate eBay as I have a few new Armani shirts that are too big for me that may make up the difference...

Cheers,

Billy

hoobydoobydoo

Hello everyone - I don't post as often as some of you but I am often lurking and enjoy reading what everyone is up to. I've just found out that I can afford to pay off a small loan from buying my last car, which means our monthly overpayments can go back up to the full amount of £500 from next month. We should definitely clear our further advance by 12/12/12 - yippee!
Hooby

weezl74

FunnyRabbit wrote: »

I totally agree with you, and actually my husband and I where talking about it all last night. I do want our children (we have three) to look back on thier childhood and remember nice things, not that we were constantly penny pinching. Its about balance, so we have stopped buying them gifts and treats all the time, but we still like to enjoy family days out (with the help of Mr T of course )

these are interesting thoughts, thank you. At what age do the parents on this thread feel that their children were old enough to experience any down side of their parents money saving?

My son is 10 months old at the moment, and has heaps of lovely 2nd hand clothes and toys and so I'm not sure he experiences a downside yet. If things go well, we may be MF by the time he is 2 yrs 10 months. Do people feel that by then it will have become an issue?

I'm grateful for any feedback. (our 2nd baby, due March is male too, in case anyone feels gender is a factor in this!)

TIA

Weezl x

FunnyRabbit

Oh no, I dont think its an issue when they are small, my three are 9, 2 and 15 months and its only the eldest that really notices that we are trying to save money, and tis has only been in the last few months. We have lots of Ebay purchases here, both toys and clothes, and thats never been an issue either.

I also think that it will help them to learn the value of money if nothing else, not like the spend-thrift ways my parents taught me.

weezl74

FunnyRabbit wrote: »

Oh no, I dont think its an issue when they are small, my three are 9, 2 and 15 months and its only the eldest that really notices that we are trying to save money, and tis has only been in the last few months. We have lots of Ebay purchases here, both toys and clothes, and thats never been an issue either.

I also think that it will help them to learn the value of money if nothing else, not like the spend-thrift ways my parents taught me.

:beer: thank you Sounds like I have a little while before needing to worry...

Is it because of brand-conscious peers? Or lack of going out to theme park type things that you think your 9 YO notices more?

Weezl x

FunnyRabbit

We do alot of days out, and we are lucky that we live near quite a few big parks, and near Sherwood forest, so in the summer there is lots to do that is relatively cost free.

My DS's main problem now is that he has some expensive hobbies which cost ££££, so he cant always enter the competitions and exams he would like, but apart from that he is pretty brand unaware at the moment to be fair.

Little_Mama

FunnyRabbit wrote: »

Its about balance, so we have stopped buying them gifts and treats all the time, but we still like to enjoy family days out (with the help of Mr T of course )

Lol! That was just our conversation at dinner last night.....no more treats (or tat as it very often is in one DS's case) being bought, gifts at the right times (otherwise they've got all they want by birthday & christmas) and Mr T's meal & day out deals.......good old Mr T! :T

LM

shaz_mum_of__2

weezl74 wrote: »

these are interesting thoughts, thank you. At what age do the parents on this thread feel that their children were old enough to experience any down side of their parents money saving?

My son is 10 months old at the moment, and has heaps of lovely 2nd hand clothes and toys and so I'm not sure he experiences a downside yet. If things go well, we may be MF by the time he is 2 yrs 10 months. Do people feel that by then it will have become an issue?

I'm grateful for any feedback. (our 2nd baby, due March is male too, in case anyone feels gender is a factor in this!)

TIA

Weezl x

In my experience its when they are abiut 8 ........... a couple of years into f/t school before they notice things like that. So you have plenty of time yet

well done to everyone so far just checked internet banking and our overpayment and monthly payment in the last week have took us under the 50k mark :T:D




Shaz