Ecoelle's MFW Diary

ecoelle

Item #1 3 watchers 5 bids
Item #3 2 watchers 1 bid
Item #5 8 watchers 9 bids
Item #8 3 watchers

ecoelle

Well, £4.10 was the 'odd' amount once hubby had been paid, so i've moved it to the OP pot making a total of £11.83 now:) Ebay listings finish tonight so hoping for over a tenner to add on too. CD's aren't showing as having arrived at a MM yet but that's fine. Also still waiting for petplan to show my insurance claim. Although i think that will be going to the CC rather than the OP pot.

ecoelle

Item #1 3 watchers 5 bids
Item #2 2 watchers
Item #3 1 watcher 3 bids
Item #5 10 watchers 9 bids
Item #8 5 watchers

Also had my letter through today to say i'd been accepted for the Halifax rewards account so that means there'll be a steady £5 bonus every month. Going to have to wait a little bit before transferring the money though as i want to do it all online and need to wait for the details to come. Now i know i got accepted i think i'm going to get hubby to apply for one too:)

Just realised that if we made no more OP's we would be MF in exactly 23 years, on our original mortgage it would be 23 years and 8months, so we've saved 8 months already! 23 years would mean i would be 54, don't want a mortgage til i'm 54...motivation to keep going:)

ecoelle

Ebay sales up to £33.88:) one of my bigger items sold at the last minute, only for the starting bid, but that was fine. I'll update tomorrow when the other listings have finished.

ecoelle

Last listing failed to sell so a total of 33.88 +11.83 = 45.71 + 18 owed from work for petrol = 64.71:)

ammonite

Great news on eBay, well done you I need to get back into the swing of it!

ecoelle

Checked paypal and still waiting for one person to pay, but been and posted the 3 that have been paid for today. Once postage and fees are taken off i come out with ...£28.86

OP Pot October
1.10 £11.83
1.10 £28.86 ebay money
Total £40.69

Applied for a joint halifax rewards account and hubby applied for one last night so that's hopefully another £15 a month as of next month. Hope that it really is ok to use them for this, the man on the phone asked me what we wanted the accounts for and i just said to split up money for bills and things, made it clear money would be frequently going in and out of the account and not staying in the account long.

ok, going to get my manager to authorise my travel expenses on Wednesday so will be able to add another £18 to the pot. This will take us over the target i set which is great:)

ecoelle

£1.04 moved from current ac to OP pot. Now the CA has a nice round figure in it:)

ecoelle

Thought i'd repost the old SOA, just to keep things up to date. Think it's just about right.

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1700
Partners monthly income after tax....... 0
Benefits................................ 87.96 This is child benefit which i get 4 weekly, but calculated per month so it's in the same format as all the other amounts. I try not to spend all of this as i'm trying to keep it for our daughters future.
Other income............................ 0
Total monthly income.................... 1787.96

Monthly Expense Details
Mortgage................................ 670 This includes a regular £100 OP
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 25
Gas..................................... 50
Oil..................................... 0
Water rates............................. 24
Telephone (land line)................... 36 This is for phone/BB/TV
Mobile phone............................ 30 This is for both mine and my husbands phones
TV Licence.............................. 15
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 173 I allow £40 per week for groceries, but have calculated it on a per month basis to allow for comparisons
Clothing................................ 30
Petrol/diesel........................... 20
Road tax................................ 10
Car Insurance........................... 34
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 21.67 Husbands bus fares
Childcare/nursery....................... 0
Other child related expenses............ 40 Nappies
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 39.5 Pet insurance for 2 cats and vet diet food for one
Buildings insurance..................... 0
Contents insurance...................... 19.95 Includes building ins as well
Life assurance ......................... 60.31
Other insurance......................... 82.51
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 30
Holiday................................. 30
Emergency fund.......................... 0
Stocks and shares....................... 100
Gym Membership.......................... 28 Know this is a luxury but we can afford it and i love it, it's my 2/3 hours a week to just be ecoelle instead of mum/wife/boss
Total monthly expenses.................. 1728.94


Assets
Cash.................................... 8600
House value (Gross)..................... 135000
Shares and bonds........................ 1400
Car(s).................................. 0
Other assets............................ 1500
Total Assets............................ 146500


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 102315...(670)......3.99
Total secured & HP debts...... 102315....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 1,787.96
Expenses (including HP & secured debts). 1,728.94
Available for debt repayments........... 59.02
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 59.02

Personal Balance Sheet Summary
Total assets (things you own)........... 146,500
Total HP & Secured debt................. -102,315
Total Unsecured debt.................... -0
Net Assets.............................. 44,185

Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

ecoelle

Makes me see how most moths it is just the £100 OP and no more. Really got to focus on making extra money and sticking to the figures i've posted above. I get paid on Thursday and am going to try to make a fresh start on the envelope budget then. I have to get the envelopes ready but it should make it easier to organise the money every 4 weeks. I really wish that i got paid monthly, it would make things a lot easier.