2011 mfw

Giraff

No 70 checking in for feb. Paid £100 today, Hopefully this will be the lowest of the year. Car tax, mot, stag doo paid. Must start putting aside money each month for car bills.
Starting a new job aswell so I will be £200 a month richer!

black_taxi_2

yeah car tax/price of fuel hurts

curlygirl1971

I don't know if its just me but food seems to have gone up a lot too recently

black_taxi_2

John Maynard Keynes wrote…

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens…. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”



basicly food prices hav crept up--with the gov not talking about it

wantabetterlife

curlygirl1971 wrote: »

I don't know if its just me but food seems to have gone up a lot too recently

Definately agree with that curlygirl, i have noticed tesco have changed some of the packaging of their own brand goods and upped the price at the same time :mad:

curlygirl1971

yeah tesco is my normal shop as its on my way home and open 24 hr.

I used to spend a lot of time comparing prices on mysupermarket.com and they seemed okay comparitively.

As I cater for one 90% of the time it makes more sense for me to buy small and fresh as I go along rather than do a big shop - so the trip across town to Aldi doesn't seem worth it. I have a Morrisons very near me but it's small, I noticed a while ago that certain items were more expensive than Tescos (may have changed) and they are often closed/closing as I'm passing.

But am going to have to try a different strategy. I spent £23 in there last night - Milk, lunch items, Cereal offer, Cheese, 4 ptns Frozen Fish, Yogurt.......I'm going to have to go back later in week for Meat & Vegetables :eek: Fruit became a luxury some time ago........

......I know this isn't MFW, but it is to me - because it's variable essentials that are really squeezing my budget. I've become some kind of MPG freak as well

pammyj74

Giraff wrote: »

No 70 checking in for feb. Paid £100 today, Hopefully this will be the lowest of the year. Car tax, mot, stag doo paid. Must start putting aside money each month for car bills.
Starting a new job aswell so I will be £200 a month richer!

Good luck in the new job and make sure you try and live how you did before on less money to keep your mfw dream alive
I have started to put money aside for car maintenance, tax, mot etc this year as I never did that before. In fact I put aside for kids school trips, xmas and childcare each month now as well so I dont have that big bill to pay out when it arrives :mad:


No 6 signing with another £100

total this month now £350. My SS says that my average per month now stands at £325 per month to keep on target. Not sure that is manageable but will give it a good go

SmileyG_2

My February update.......

1. My overpayment of £400 left my account on 15th January, reducing the mortgage balance to £48,350 (below £48,450; see my diary for the significance)
2. My Investment fund is now £14,866
3. My value for the endowment is £26,123
4. Overall current deficit is now -£7,361

My overpayments since Jan 09 will also save me an estimated £1,264 before my original target MF date of September 2014.

My overpayment reserve is £7,550 well over 19 months of regular mortgage payments.

September 2012 is now my new target date for mortgage freedom. The spreadsheet tells me that no more overpayments are required to do this, but I would then need to monitor endowment and investment progress carefully to achieve it. I am going to try and make a regular overpayment of some sort (around £50pm), but I do need to replenish the emergency ISA account. If investments deteriorate or interest rise, there is now a contingency in my strategy to cover this

Hope everyone else is on target.

Thanks to Cake, for keeping us all interested into 2011!

SmileyG

DansMum_2

Hi everyone well done so far

Hello Cake number 161 reporting another £150 OP today making this months totals £250.39

Thats makes a grand total of 39p over my Feb target

coldstreamalways

We started big OPs last month, now £995 per month, knocking £1500 off capital each month:eek:

Very pleased with that, any bigger and we have to pay so happy with that, it also reduces term to 10 years which is before I'm 40 :beer:

But OH has decided we need a new kitchen (we do really but it messes with my spreadsheets!). Fortunately I have just finished paying off my student loan (which was just over £600 a month) so am now saving part of that and paying off kitchen. It is nice to have cupboards with handles, a fridge that is continent and a hob that wasn't installed for one of the seven dwarves.