pammyj74's MFW diary (or possible wishful thinking!!)

setmefree2

well done on all your progress :T:T:T

pammyj74

Thanks
This month is not going to be a good one, the £200 is all I will be able to do as I have just realised that I need to redo my level 1 bookkeeping as it is only valid for 2 years and I did it in dec 07 so have to pay £45 student membership and then £25 for the exam again. ripoff!!

Plus just bought a load of cds to make use of the extra tesco points. I need to nip that in the bud but getting it out of my system as I havent done points for such a long time!

pammyj74

actually just looked on the calendar and there are 5 paydays next month (get paid weekly) so I might be able to do something more as I wanted to get under £80k

pammyj74

Overpaid another £100 today as finally got £50 from ex AND won £50 at bingo so a great day as this takes me below £80k :j :T :beer:

so figures updated below.

Actual payments: Jan, £1,127; Feb, £1,127 March, £1,356 April £894 (Total = £4504)

Original scheduled payments: Jan, £594; Feb, £594 March £594 April £594 (Total = £2,376)

Payments over/above original schedule: Jan, £533; Feb, £533, March £762 April £300 (Total= £,2128)

Interest per day: Jan, £13.41; Feb, £13.29, March (rate went to SVR) £7.83 April £7.73

Mortgage balance: Jan, £82,377: Feb, £81,648: March, £80,655 April, £79,999

% of mortgage now paid off: Jan, 8.5% ; Feb 9.28%; March 10.39% April 11.01%

% of house now owned outright: Jan, 31.35%; Feb 31.96%; March 32.79% April 33.35%

So far this year paid off the balance: £83, 088 - £79, 999 = £3089



:T:T:T:T:T:T:T:T:T

Baby_steps_2

pammyj74 wrote: »

Overpaid another £100 today as finally got £50 from ex AND won £50 at bingo so a great day as this takes me below £80k :j :T :beer:le:

Hi pammy,

just popped in and wanted to say a really big well done on going below 80k. Your doing so well just keep up the good work and u will be sub 70k before u know it!!:T

Have u decided if ur going to do aat? It's hard work but definatly worth it.

pammyj74

are you AAT qualified? Yes I think I am going that route if my brain can stand it lol

pammyj74

ideal schools who I did my studying with have come back and told me that I have to pay £49 to carry on with their assistance

I then have to pay £45 to become a student member of ICB before I can do level 1 exam AGAIN costing £25 and then do level 2 exam £25

Total so far then would be £144 :eek:

I also have my car tax this month and I am already low on my bills account. I may have to dip into my savings which is not very good mentally for me, its like a step back

Baby_steps_2

pammyj74 wrote: »

I may have to dip into my savings which is not very good mentally for me, its like a step back

Don't look as it as a step back. It's a step forward, think of whar a good example your setting your kids by working hard for your career. Look at the money your spending as an investment in your future. I don't know your complete situation but I imagine you will earn more when u finish your studying.

I didn't do AAT did ACCA but met alot of people in college who had doneit first. It's hard work but once u have done it they can't take it away

Don't let this get you down. Your doing so well with your overpayments. As I've heard others say on here it's a marathon not a sprintand a couple of lower overpayments because your studying may benefit u in the long run.

pammyj74

Thank you Baby steps. I guess you are right (well I know you are right) I am seeing it that I am going to give myself 2 years to study and whilst I am looking at the jobs available and dreaming one day that could be me it gives me more motivation to carry on although a lonely jounrney it should be worth it. I am looking for possibly when the youngest is 12 in 5 years I could possibly go full time as part time work is so hard to find or at least do other than just school hours.

I am setting myself to do at least 5 hours study a week and although I was a bit tired tonight I have done 1.5 hours and some of it is sinking in I am off on Friday so will try and get a couple of hours done then as well. Found a great site that has templates of T accounts and invoices etc.

Most people are telling me to go down the AAT route so I am going to do level I,II manual and 3 computerised and then look further on to AAT. I did see one course where you had to have these anyway and then that you had a business or accountant that could sponsor you but I havent looked that far in detail as yet. It might take me a while to get past level II !!

Right I am ready to crash and hope I have a better sleep than last night, I must have woke up at least 8/9 times and sometimes with a weird jolt which scared me slightly!

determined1_2

Hi pammy

I've done A-Level accountancy, completed AAT and am currently studying for the ACA, whilst working as an accountant. So, if you have any questions about topics or the study format, don't hesitate to give me a shout