I have a dream...to be a money magnet!

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  • So I, like half the country, am refocusing on my finances.
    I need to start being more mindful again.
    We have had a crazy year and I let my tesco credit card run up to about £4000 which was daft- 
    in terms of the mortgage, we now owe £173000 and the house is worth around £430000 so its been a good investment. However the mortgage is going to be a barrier to me reducing my hours or having more flexibility so its still a focus.  We repay £200 pcm as a matter of course.  I will leave it at that until Ive paid the cc off which is going take me a while.

    "Never underestimate the power of small amounts"
    New Mortgage started March 17 £236,000 (28 years) NOW £231,500 March 3 18. 68% LTV. £221,100 Aug 19 £210,000 Jan 2020 £206000 April 2020 £204000 May £202,997, Aug 20 £199,554, Dec 20 £196,629 June 21 £185,200
  • I am sure you will do it. Great progress though and a mortgage is always going to be a marathon not a sprint so you will occasionally verr off track.

     I know you used ynab before - I have just started over the last 2 months and it has made me get rid of that pesky cc float  - plus having to categorize so many Xmas gifts spending things over Dec definitely has made me realise I dont need to do any NY sales..

    There will always be a (beautiful stilettoed) foot in fabulous in LaPlan's life.
    I am choosing to be fabulously frugal to support some wonderful life changing and affirming financial goals including buying a London home I love.

    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things. You can’t really hack your way to frugal. You can and should take advantage of discounts, coupons, rewards points, and the like. But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.

    My March  streaks to track
    Track Minimalist game  items (Nov 310)   (Dec  95)  (Jan 90)   Feb 50
    Exercise streak  
    YNAB days:: Target 50 days -Age of money 29
    Track my NSD's - Target 13 days/ 0/13

    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • Hi lady with a plan, thanks for the encouragement!
    I stopped using ynab in favour of my own excel tracker and also now use zopa for various saving pots which earn interest and hyperjar which I like for my day to day spending pots.  I have regretted a few times getting rid of ynab as I was on the cheap price but I never really did well updating it all the time- I just liked playing around with the budget figures. I still feel I end up dipping into various pots to survive each month but due to a pay rise recently, this is my first month of giving myself a more generous ‘fun money’ pot and have also started a bit of a buffer type pot to try to prevent the cc issues!!!
    i do have quite a bit of savings and continue to put a bit in there each month so overall in a decent place but Im very aware that I am tied a bit due to the mortgage, and am now of an age where the thought of more flexibility is increasingly appealing!!
    Im really trying to watch the pennies this month… 

    "Never underestimate the power of small amounts"
    New Mortgage started March 17 £236,000 (28 years) NOW £231,500 March 3 18. 68% LTV. £221,100 Aug 19 £210,000 Jan 2020 £206000 April 2020 £204000 May £202,997, Aug 20 £199,554, Dec 20 £196,629 June 21 £185,200
  • Money saving activities-— went out with friends but stuck to lager
    - made a shopping list and tried my best to stick to it
    -spoke to other half about increasing the food budget as this is falling short every month now and Ive just kept absorbing it myself but its messing all my budgets up
    -cashed out £12 from top cash back and paid off Credit card
    - chose a cheaper family activity for tomorrow- looked at escape rooms but it was so dear so going do something different

    "Never underestimate the power of small amounts"
    New Mortgage started March 17 £236,000 (28 years) NOW £231,500 March 3 18. 68% LTV. £221,100 Aug 19 £210,000 Jan 2020 £206000 April 2020 £204000 May £202,997, Aug 20 £199,554, Dec 20 £196,629 June 21 £185,200
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