Gallygirl's "A journey of 121,226.67 pounds begins with a single penny" diary

gallygirl

gallygirl wrote: »

2012 Challenges

Mortgage #1
£35,627 Currently
£28,808 Target - based on normal mortgage payments (which is quite a bit higher than needed) + regular OP of £200 into offset. TOO CONFUSING DUE TO CLAIMING BACK OP'S

Mortgage #2
£59,236 Currently
£54,549 Target (normal payments only) TOO CONFUSING DUE TO CLAIMING BACK OP'S

Mortgage #3
£37,022 Currently
£35,226 Target (normal payments only) TOO CONFUSING DUE TO OP'S FROM OTHER 2

BTL Mortgage on Late Mum's House
£17,872 Currently
£0 Target :eek: ACHIEVED :T

Overall Mortgages - Net
£149,757 Currently
£118,583 Target
£31,174 Reduction :rotfl:

ACTUAL BALANCE £118,936
MISSED BY £353
TENANT ARREARS £549
so missed because of that (savings would be have been £549 higher :mad:)


In addition to that I have set myself some other goals. Some easy to measure, others a bit more subjective:
1. No more accidental house purchases :rotfl::rotfl:ACHIEVED
2. By Easter - paint bathroom ACHIEVED (CAN'T REMEMBER WHEN, BUT IT'S DONE)
3. August I will reach my target weight (the 'real' one, not the official one. I will get below 11 stone) and stay there. This was last year's and I have failed miserably, but have seen a few photos recently and not happy - am still 3 stone lighter than I was but want to lose more FAILED MISERABLY
4. October I will have a garden I am proud of. Another carried forward .
FAILED MISERABLY , BUT I BLAME THE WEATHER.
5. June - bottom corner of garden to have tiny seating area and new bit of fence.
FAILED MISERABLY , BUT I BLAME THE WEATHER, FENCE IS DONE THOUGH.
6 December I will read 12 books off the BBC list. Another carried forward . Santa is bringing me a Kindle so have a load on there already, now all I need to do is read them . NOT ACHIEVED, BUT DELIBERATELY. HAVE DECIDED LIFE IS TOO SHORT TO READ BOOKS JUST BECAUSE THEY ARE DEEMED 'WORTHY'.
7 Ongoing I will continue sell all possible things on ebay. Another carried forward, but achieved in 2011.ACHIEVED
8 Ongoing I will start entering competitions again (& flog everything I win). Another carried forward .PARTLY ACHIEVED AND DID WIN £25 IKEA VOUCHER
9 Ongoing I will exercise for 30 mins at least once a week Another carried forward , did it for a little while. FAILED MISERABLY
10 Ongoing I will meet up with friends at least once a month. Another carried forward, but achieved in 2011.FAILED MISERABLY
11 Ongoing I will continue loving life & thanking the Universe for all its' gifts. Another carried forward, but mainly achieved in 2011.ACHIEVED
12. Decided I would like to meet some MSEers in 2012 :cool:.ACHIEVED

Not bad, now to think about 2013. Well chuffed only a few hundred pounds short of target .

Lois_E

Yay! What's a mere £353 when you've reduced it by more than £30k? Huge well done for 2012. :T Onwards and downwards in 2013.

Oh, and special congratulations on giving up the accidental house purchases. That must have been tough, but you managed it.

edinburgher

Sorry about the tenant arrears GG - but that's what happens from time to time when you're a landlord? If you don't mind me asking, do you have other investments, or is it BTL all the way?

I am fascinated by the fact that the MFW crowd seem to favour BTL so much.

gallygirl

edinburgher wrote: »

Sorry about the tenant arrears GG - but that's what happens from time to time when you're a landlord? If you don't mind me asking, do you have other investments, or is it BTL all the way?

I am fascinated by the fact that the MFW crowd seem to favour BTL so much.

It's 'only' just over a month's rent, they have had their tax credits stopped and are trying to get it sorted out, am sure they will come good - they really want to stay in the area so wouldn't want to jeopardise it.

I do have a pension pot Ed but it's not setting the world alight. BTL has been good to us (sold 2 and bought our place in Spain with the profits) but we were fortunate with the timings - also to live where houses are v cheap so numbers stacked up. With basically 0 capital growth at the mo it's not making us a lot of money. We didn't set out planning on capital growth but when you've had a bit you kind of get used to it :rotfl:.

Lois - once an Accidental House Purchaser, always an Accidental House Purchaser but I do seem to be in recovery mode at present .

pavlovs_dog

fab work for 2012 GG!

Vala-Mal-Doran

Thats fantastic work gallygirl- its great to be able to lay it out and see how far you have come. I do like a good list - i might start mine for next year!

moneycurious

Well done GG!! xx

HelenDaveKids

*Jellie* wrote: »

Works with aero and maltesers too!

and polo mints - the trick being just eat the middle bit.:rotfl:


Well done on your 2012 goals GG, very impressive.

gallygirl

I have looked at my mortgage spreadsheet 3 times tonight. The balance hasn't changed. What exactly was I expecting to happen .

QB_Wolf

gallygirl wrote: »

I have looked at my mortgage spreadsheet 3 times tonight. The balance hasn't changed. What exactly was I expecting to happen .

:rotfl:MFW OCD - looks like you've had a good 2012 :beer: