I want to be a MFW........ LP's Diary

greent

Woo hoo!! A move date - yeay!!!

Just caught up on pages of the stuff (in Edinburgh last week) - how your OH could even begiin to suggest that you go without a car?!?! Speechless!! I work from home (a teeny weeny little bit) - occasional massages and all of OH's paperwork (a few hours a week). I have 1 child at home and 3 at school (1.8miles away for DS1 & 2 - DD catches bus to secondary school) and Tesco is 1.3 miles away. No way would I contemplate being without a car long term (I have a very sensible 59 plate Golf Plus ) Bah! Men!!! (inc FiLs!)

Anyway, remember to breathe and occasionally chill!!!


ETA : if you use the RM redirect service there was a linky to a website that gives you a freebie box (cereals, loo rolls, kitchen towel, light bulbs) and a checklist of who/ when to inform....)

LilacPixie

Greent - very informative. How did you enjoy Edinburgh? where did you go/stay? Di you go down Mary Kings Close?

LilacPixie

Right now we know this place is gone we need to get a plan in order. New MF date is December 2020 Well thats my aim Fixed rate until 31/12/2012 with 10% OP's a year (welll thats what we have applied for still waiting on final ok). I will crack on with a rough SOA for me being on maternity leave so we can see what cushion we need before mat pay kicks in plus a list of what is needed for baby.

greent

Stayed in an apartmrnt (flat ) at Brunstane, so caught the train into Waverley stn daily. Did the castle (so Mons Meg & 1 o'clock gun) (and also looked at it at night and took pics), Museum on the Mound, Museum of Childhood, Valvonna & Crolla (NOT good for the bank balance!!:p), general shopping along Princes St and a general bumble here and there.

Haven't heard of Mary Kings Close.... Had a long list of stuff to do/ see but simply ran out of time/ energy (those hills with a pushchair!!!:eek:)

Want to go back next year without the children (need to persuade m-i-l to move in for a few days!) - and stay in a yummy hotel in the centre and do more stuff. Limited with 4 DC in tow!

LilacPixie

Princes Street Suites is nice, like little 'apartments' we stayed there last year when we went to see we will rock you.

LilacPixie

well here we go. I have guesstimated an SOA for being in new house but with 3 kids not 2. I hope some of the costs are a bit out,, if not we are in trouble. EEEKKKK

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 1462 21 weeks full pay for mat leave
Partners monthly income after tax....... 1500
Benefits................................ 400 guess child benefit plus my DLA for my MS
Other income............................ 0
Total monthly income.................... 3362
Monthly Expense Details
Mortgage................................ 706
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 160 guess band d apparently
Electricity............................. 60 £100 combined
Gas..................................... 40
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 12
Mobile phone............................ 50 two phones OH contract but gets money back which is included in wage above
TV Licence.............................. 12
Satellite/Cable TV...................... 25
Internet Services....................... 12
Groceries etc. ......................... 350 total guess
Clothing................................ 20
Petrol/diesel........................... 140 again guess OH uses about £70 a month I tend to use 100+ but on mat leave so no commute but still nursery run
Road tax................................ 20 2 cars £120 a year each i think
Car Insurance........................... 62 2 cars
Car maintenance (including MOT)......... 30 guess friends in trade so bits only
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 12 DD1 £3 a week
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 5 Guess, me and kids free perscriptions and dental so only OH
Pet insurance/vet bills................. 0
Buildings insurance..................... 17 amount according to current provider for new house including contents
Contents insurance...................... 0
Life assurance ......................... 42 Joint poilcy plus critical illness
Other insurance......................... 30 income protection and accidetn for OH as a lorry driver
Presents (birthday, christmas etc)...... 30 guess
Haircuts................................ 15 guess including hair dye
Entertainment........................... 0 left blank as no idea, sky our entertainment
Holiday................................. 0 travelling with infant and 2 toddlers no chance
Emergency fund.......................... 100
Total monthly expenses.................. 1950

Assets
Cash.................................... 0
House value (Gross)..................... 135000
Shares and bonds........................ 0
Car(s).................................. 8000
Other assets............................ 0
Total Assets............................ 143000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 110000...(706)......5.99
Total secured & HP debts...... 110000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
rbs card.......................2700......79........0 until November 2011
next...........................400.......40........26.9 priority to be cleared ASAP
zopa...........................8000......476.......13 Finished May 2012
rbs overdraft..................2200......50........30 currently 0% rises to 30% 01/01/11
GE Money.......................8000......147.......9 fixed no OP allowed lifetime remaining.
Total unsecured debts..........21300.....792.......-

Monthly Budget Summary
Total monthly income.................... 3,362
Expenses (including HP & secured debts). 1,950
Available for debt repayments........... 1,412
Monthly UNsecured debt repayments....... 792
Amount left after debt repayments....... 620
Personal Balance Sheet Summary
Total assets (things you own)........... 143,000
Total HP & Secured debt................. -110,000
Total Unsecured debt.................... -21,300
Net Assets.............................. 11,700
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

LilacPixie

So that looks like a 620 surplus income pre month which sounds great but for 18 weeks I will get SMP only so my weekly wage will fall to £120 a week not the £500+ it currently is so after tax, NI , Pension etc my monthly wage will fall from 1462 to around £480 so a 'loss' of 1k or there abouts.

That will obviously leave us with a deficate each month of about £400 for roughly 4 months.

So that leaves us in this rough position. Maternity leave starts around end of Jan I have 3 weeks holiday left to take for this year and my new leave year starts 1st feb 2011 which is 6 weeks worth. So if mat leave starts feb 2011 then i will have full pay the following month ends feb, march, april may and june. Wage at end of July August and September and October will be 1k less than normal I will have no maternity pay left come end of october. I will however have annual leave that i could then use to increase my time off (full pay again) by say another month and boost the coffers for end of november 2011 wage and christmas 2011.

So with full pay and the surplus between end december and end june fo 7 pays we need to save £1600 to cover shortfall for rest of mat leave. Pay back my parents whatever money we have needed for house move, possibly as much at £1700 because thats our current shortfall without including moving costs and incidentals that may occur. Finish off baby buying bits car seat could need looked at, not happy with fit of ours in main car so need to get the police car seat checker to check it closer the time, thinking jan sales.

What we have to come is £190 maternity grant thingy that I can apply for now, apparently my MW has a form for me to add my bank details too tomorrow and then sign and it will be sent in. I have transfered £290 from paypal into my spare current account and £170 from our ING saving account as IR dropped to about 0.5% this month. So my spare account sould be running at a balance of around £650 which I hope will cover moving costs and incidentals as well as bridging some of the deposit shortfall.

Our £1700 shortfall was based on a mortgage redemption amount of 50k and its looking like 49600 balance at the moment with one £400 payment to make but about £135 of that will cover interest plus whatever the admin redemption charge is, I have OH looking out the KFI for it at the moment so i can check and guestimate. ETA its £120 so hoping redemption amount to be closer £49500. Plan for this month is to spend as little as possible so we can add to the amount in spare current account and minimise need to borrow from my parents but we will see.

cha97michelle

This site may be some help. Not used it myself, but might warrant a few minutes investigation.

http://www.iammoving.com/

LilacPixie

thanks Michelle. tomorrow for investigations i think.

gallygirl

LilacPixie wrote: »

now my head is full of jewellery type ideas you lot are evil.

Em, include me in any 'mail out' etc please LP

LilacPixie wrote: »

****MOVING NEWS****

our buyer has signed missives so flat officially sold We officially move out 10th December can i have a collywobbles icon please

Will that do? Or thsi one -

Great news, v pleased for you :T