A stay at home mummy who wants to be a mfw - Yes I can and Yes I will!

I_want_a_baby

Thanks CathT!

My actual accounts & 'pots' are very simple now but the spreadsheet has a life of its own :rotfl:

Could you 'allocate' the bills from the budget to each of you?

Or work out the total of the bills and transfer say 50% of the total from your wage into the bill account and 12.5% of the total amount each week from husbands wage into the bill account? (or whatever percentages)

Must be a bit confusing!!

If it were me I would try and save up a months salary for DH so that you could then work do both budgets from a monthly pay.

That way the first month you use your wage and your saved amount equal to husbands monthly pay. This means that you could allocate all of the money to the relevant pots at the beginning of the month ready for direct debits etc & monthly spending.
Then as your husbands pay comes in weekly I would transfer it back to a savings account so that at the end of the month the 4 weeks income would be used as above again. Does that make sense?
It would be a struggle to save the wage initially but would be so much easier afterwards.

Stacey x

CathT

^^^ I got ya. Thank you Not sure why I couldn't work that out. I just think as our money seems to come in the account in dribs and drabs it disappears the same way.

Fortune_Smiles

Wow Stacey - that's amazing progress. Well done!

Fortune x

Needhelpsaving

Just delurking to say that I have read your diary start to finish and have picked up some great tips on my quest to becoming a sahm. Good luck with your mf journey - I will be watching with interest.

I_want_a_baby

Thanks CathT, FortuneSmiles & Needhelpsaving!

Needhelpsaving - you read the whole thing?? That deserves a :T all of its own! I hope you can become a sahm its a very rewarding 'job'.

So I thought as payday has passed and so another mortgage payment too I would give another update however HF haven't updated their system yet so I will wait until I can reconcile my figures with theirs.

Savings so far since monday:
Online sealed tin
£3.34 Save the change - last months & 1 transaction from this month.
£0.04 Difference between Water budget & DD
£1.00 Difference between C/tax budget & DD.
£4.38 Total
Cash sealed tin
£3.00 Change from haircuts
£3.30 Change from this weeks cash purse
£6.30 Total
Total sealed tin ready to OP £10.68

I am getting really excited to be able to access the money in the ISA & send it across to the Mortgage Account. This will probably be the largest OP we ever make!

Just going to go through all my survey accounts & loyalty cards and vouchers and see what balances I have to spend so I can try and spend them to put the cash saved into the OP tin!

Happy sunny wednesday everyone!

Stacey

feelingfestive

Hi Stacey

I've been having a read of your diary and you are inspirational! You have achieved so much in a realatively short space of time and it's made me think that if you can do it then so can me and my OH. We aren't parents yet but are the same age and we do want to start a family in the next 5 years or so. The plan is to reduce the mortgage and do renovations on our new home before we have children. Your diary has made me realise that it really is possible! Thank you

I_want_a_baby

Thankyou FeelingFestive!

I really hope that you achieve your goals, no matter what your income I think we can all save a lot more than we think we can by being focused on our end goals!!

So heres my update:

Checked my HF account, reconciled my overpayments and a payment for £40 was missing. Phoned up and eventually spoke to someone who said he could see it and it was on my account but he wasn't sure why it wasn't on my online banking. Maybe they are having teething problems with the new system? Anyway I decided I would wait a couple more days and see if it appears my monthly payment that went out on the 1st wasn't showing either so will wait a bit before I confirm the balance.

This weeks sealed pots:
Online sealed tin
£4.38 O/Bal
£0.36 Save the change
£6.84 Interest Rec'd
£3.28 Electric/Gas account rounded down
£0.67 Save the change
£15.53 Total

Cash sealed tin
£6.30 O/Bal
£2.00 From food purse
£8.30 Total

Total sealed tin ready to OP £23.83

Went through all my surveys, loyalty cards, vouchers, gift cards etc and worked out I have £90.72 in total. Although this isn't all accessible as some things are below payout level. However with a bit of planning I can use some of the worth on things we need and TRF the same amount from the relevent budget to OP savings.

Very busy day today so won't stop, visiting a very close friend & meeting her newborn baby for the first time!!
As well as buying a little outfit for her I made a framed stitching so hopefully a really nice gift she likes but cost me about £20 less than paying someone to make one .

Stacey x

I_want_a_baby

Very quick update - used £9 in luncheon vouchers on my food shopping today.

I put the £9 cash I would have used into the tin which brings the cash tin to £17.30 + £15.53 online savings = Total £32.83.

Stacey

I_want_a_baby

Very quick update from me, hubby is on last day of the holidays with us!

Last week's total did end up as the £32.83.
This was split 80:10:10 - £26.27 mortgage OP, £3.28 house move fees, £3.28 family fun.

This weeks savings so far

Cash sealed tin:
£4.00 ebay sale
£2.00 cash from purse
£6.00 total

Online sealed tin:
£0.94 save the change
£0.01 paypal test payment
£0.95 total

£6.95 grand total.

Stacey x

nollbolla

Hi,
just wanted to say I have found your diary inspirational. I am also a SAHM (with a 4 yr old and 2 yr old) and would love to be MF, but we need to put some plans into action first! We moved to our forever home last year and now have a large mortgage that would be great to pay off early, but in reality we will probably increase it :(when we remortgage later this year to fund some extension work we want to do. But we're in it for the long term, and once that work is done I will definitely be working towards being MF. In the mean time, keep up with the inspiring work :T