The Plan (pt2)

32kickstart

:eek:,The Plan (pt1) began in Jan 02. After buying Transforming debt into (my bible)I developed a whole new attitude to money. We snowballed our way into paying off £9k on cards and began saving for a hoped for baby and time off work.

I had lots of lovely budget sheets and worked out we could pay our mortgage off in seven years:j. Everything was rosy, I was in financial control and we had THE PLAN.

I fell pregnant as planned, baby due in October 05 (Scorpio, as planned ). Unfortunately babygirl hadn't read The Plan. She was deprived of oxygen and the last few years have been a slog of hospital appointments, therapies, fighting for equipment, fighting for care etc etc. The career came to a halt and The Plan went out the window.

Now we are back on track and ready to start The Plan again. We saw the bank manager on Monday and are reducing the term on our £98k mortgage from 20.9 years to 10 years. Mortgage payments will go up a further £250pm (already doing 10% overpayments). We have £12k in ISAs which we will use to make the overpayments. Our savings will be depleted by the end of the fixed rate period in 3.5years but the morgage should be reduced to £67kish

The biggy is supermarket shopping, which has escalated to ridiculous proportions £600-£800 per month. I'm withdrawing £75 cash each week and giving card to hubby. Week 2 and feeling very virtuous:T

32kickstart

To do list for today;
cheques into bank as they've been gathering dust for several months. + £100:)

charity shop drop off

pay storage unit £230 for next 3 months (currently having downstairs bedroom/wetroom built and house remodelled for wheelchair access etc - have lost our garage)

look at car insurance renewal

I have £5 grocery money left until Sunday
Mortgage currently £98100.04 - need to chase new terms offer with bank

overdraft from Christmas £498.92

advertise dresser/display cabinet as were losing dining room-freecycle

someday_soon

Loving the new diary 32.:)

Looks as though you have made great progress on positioning yourselves for this push.

I don't know anybody who keeps their car in the garage these days- they don't fit:rotfl:so I'm sure you won't miss it.

Best of Luck

Someday Soon

32kickstart

Thank you. I became fascinated by Courgette's diary. Thought it might focus the mind and make me stick to it if I wrote things down.

Losing the garage has been a great exercise in decluttering! Its mainly bicycles - we seem to have every bike/trike/trailer combo going. Mobility with a 2 yr old and non-walking 5 yr old is a logistical challenge:)

we have family close by, so when the chaos is over I'll look at what can be farmed out. I have an awful habit of buying things ahead of when they're needed - courtesy of ebay.

alex_p

Sorry to hear about The Plan going out the window! Good luck with The Plan (pt2)!

cha97michelle

Sounds like you have had a hard few years, but ready for the new battle ahead.

I look forward to reading your updates.

greent

We have a large double garage - and cant fit a car in there because of bikes, pet cage etc!

Hope Plan Pt 2 goes well x

32kickstart

Very dark days to start with.....however, we've just about adjusted to our new life

In a perverse way we've benefited from the recession. Our income fell dramatically but coincided with the shops reducing their prices because of the credit crunch - every silver lining

Still within my £75 budget for the week - helped by finding £8 in the bedside drawer. Looking at holidays at the moment - Girlchild is difficult to entertain in school holidays as she can't play/talk/walk etc we usually try to get away for change of scenery, explore new places.

For the past couple of years we've gone to centre parcs but their prices are through the roof this year. I've managed to book a week in a Scottish forest lodge for £177 in April:T Usually pay £100 to put dogs in kennels, but they're coming too - so really only £77 for the holiday.:j

Need to find cheapies for the summer as 5 weeks will be really difficult. I now have a 'no more than £150 for the week' mentality...so could be a challenge- I feel alot of camping coming on this year.:)

32kickstart

Got the paperwork through for the new mortgage reducing the term to 10 years. £1030 pm, it says we can make 10% overpayments -does anyone know if that's on top? Be brilliant if we could. A little daunted though, as my stars said a big change was not agood idea....
£40 made on ebay
several surveys done with Toluda (thank you Cha for directing me in the right direction), not sure they are worth the time, especially as i keep getting kicked of half way through. Dooyoo seems pretty good though. Still new to the forum so lots of diaries ti read to get good ideas.

dimbo61

Yes the 10% overpayment will be on top but for now making the payments on a 10 year mortgage will be a big challange!
Could you apply for mobility if your daughter cant walk and save on insurance,tax,service etc
Glad to see you have the overpayments ( extra mortgage money) already in the cash ISA,s if needed

RosieTiger

I think it was Confusious who said that crap expands to fill the space you have available, hence it doesn't matter whether you have a shed, single garage, double garage our outside stable block as they still get filled!
Good luck with the revised plan.