Introduction, MF wannabe

cha97michelle

Congratulations on your new arrival. Sounds a bit of an ordeal. I am put off having a 3rd because i think it would end up unplanned at home through speed. Happy to hear all went well anyway.

I'd take your coins to the bank. Those supermarket machines take a huge commission.

getmore4less

Looking at the SOA

Amount left after debt repayments....... 759.16

OK there are some annual things missing but do you have this ammount left every month?

I would revist this and get a better picture of the money.

Also your oil at £200 is probably high for the year if it based on the 400 for the 2 coldest months so there is probably more left on the SOA than you think.

When does the mortgage come off the fixed rate and what rate does it move to? you will need to start thinking about that 6-8 months in advance.

gallygirl

Welcome on board LP :hello:. Nothing to add that abouttimetoo didn't cover

abouttimetoo wrote: »

In my area the water board have been doing a type of green/save water promotion. They come to your house and do a review of all taps, toilets, showers etc and then give you remedies to save water. There are no catches or age restrictions either, my mother did this recently and got a fancy gadget for her kitchen sink which you can switch to spray e.g. if you are rinsing dishes etc you lose/use less water than normal tap flow, she also got two new shower heads which reduce the spray and a huge water butt for the garden as well as a fancy trigger spray head for the garden. She could have had other things for bathrooms but she was already using the best type of water savings 'gadgets'

Thanks for this - I'm with AW & have just registered :T. What nice people they are . Have also registered for online billing which puts me in a £500 draw :T

lincoln-potter

cha97michelle wrote: »

Congratulations on your new arrival. Sounds a bit of an ordeal. I am put off having a 3rd because i think it would end up unplanned at home through speed. Happy to hear all went well anyway.

I'd take your coins to the bank. Those supermarket machines take a huge commission.

Yes it ended up being a one hour labour, still having a little of bundle of joy is a great feeling.

Oh if they take a big slice then I had better get some coin bags.

lincoln-potter

gallygirl wrote: »

Welcome on board LP :hello:. Nothing to add that abouttimetoo didn't cover



Thanks for this - I'm with AW & have just registered :T. What nice people they are . Have also registered for online billing which puts me in a £500 draw :T

Hi Gallygirl.

Yeah unfortunatle AW don't cover my area for that scheme

Online billing howver could be an idea though.

lincoln-potter

getmore4less wrote: »

Looking at the SOA



OK there are some annual things missing but do you have this ammount left every month?

I would revist this and get a better picture of the money.

Also your oil at £200 is probably high for the year if it based on the 400 for the 2 coldest months so there is probably more left on the SOA than you think.

When does the mortgage come off the fixed rate and what rate does it move to? you will need to start thinking about that 6-8 months in advance.

I can't give a fully deataled SOA until I get my desktop and accounts package back but my basic excel one has Jan and feb thus far.

January SOA was as follows:
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................ 2946.56 (have had a pay increase for the next few months, work is complicated and a long story but this will drop in summer)
Partners monthly income after tax....... 532.07
Benefits................................ 171.20
Other income............................ 10
Total monthly income.................... 3930.59
Monthly Expense Details
Mortgage................................ 796.52
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 210.57
Electricity............................. 31.50
Gas..................................... 0
Oil.....................................
Water rates............................. 137.31
Telephone (land line)................... 15.00
Mobile phone............................ 24.14
TV Licence.............................. 12.37
Satellite/Cable TV...................... 0
Internet Services....................... inc with phone
Groceries etc. ......................... 444.41
Clothing................................ inc with groceries
DIY .................................... 49.68
Take away - eating out ................. 50.05 (high as we just moved in)
Petrol/diesel........................... 137.47
Road tax................................ 0 (pay annually)
Car Insurance........................... 0 (pay annuall)
Car maintenance (including MOT).........
Car parking............................. 0
Other travel............................ 0
Childcare/nursery.......................
Other child related expenses............
Medical (prescriptions, dentist etc).... 16.50
Pet insurance/vet bills................. 0
Buildings insurance..................... 128.82 (turns out I have been paying for old house too - £71 refund on route)
Contents insurance...................... combined
Life assurance ......................... 23.97
Standing orders to kids accounts........ 20
Presents (birthday, christmas etc)...... 50
Haircuts................................ 10
Entertainment........................... 38.74
Holiday................................. 0
Emergency fund.......................... 150
Tax for dividend payments............... 1538.76
Total monthly expenses.................. 3885.81

Monthly Budget Summary
Total monthly income.................... 3930.59
Expenses (including HP & secured debts). 3885.81
Available for debt repayments........... 44.78
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 44.78

As you can see things were just covered as I had a tax bill to pay this month. Also got a £500 accountants billl to pay in March. But fingers crossed I hope for no other bill one off bills.


Yes i realise its high for oil but only been here two months so hard to work out an average so far.


The mortgage is fixed for 2 years on 2.65% until Dec 2012 with Halifax and I am allowed up to 10% overpayments each year.

In answering your question do I actually have that left each month then on average yes. Sometimes more when we take bonuses.

LilacPixie

LP Some people would be forgiven for thinking you were my husband.. similarities in our live events have been uncanny but obviously with some diffenerces like your down in Englandshire and i'm not and you have a bigger mortgage than me..

Anyway I moved house december 2010.. had a new baby (our 3rd, a girl) earlier this month and my hubby is 27 too.

lincoln-potter

LilacPixie wrote: »

LP Some people would be forgiven for thinking you were my husband.. similarities in our live events have been uncanny but obviously with some diffenerces like your down in Englandshire and i'm not and you have a bigger mortgage than me..

Anyway I moved house december 2010.. had a new baby (our 3rd, a girl) earlier this month and my hubby is 27 too.

Hi Lilac,

I had noticed from your diary there were a few similarities but never really realised things were so similar

Quite spooky even hehe.

Down in Englandshire, I like that :T

sarahevie

Congrats on the baby - having three under threes must be scary.

I thought two under twos was bad:rotfl:

In all seriousness congratulations it must be a lovely feeling being in a forever home at such a young age.

We are of similar age 26/27 with two kids 2 and 8 months (girlies) but we are trying to overpay for a bigger home, although we change our mind on this, might stay here and be MF earlier

gratefulforhelp_2

How much is oil? We budget £160 a month for a 4 bed house (the AGA is a dypsomaniac!!)