our forever patch challenge

sammy70

balance £165,500 after a few more overpayments. Through the summer when im earning more i like to really go for it, this winter is going to be a tough one , less earnings, and literally everything going up in cost.. heavy rain forecast here for today, so cafe closed.. the rest of the week is looking good, so i will work a little longer each day to make up the loss of earnings today.. ive done my meal plan for the week, and im off to the supermarket to get the few bits i need, should be a small shop, but im going to use the spare cash to top up canned goods/cereal etc , who knows what will go up again next week.. strange and uncertain times we seem to be living in at the moment..

try_harder

You are doing brilliantly as always 

sammy70

ive neglected my diary of late, lots been going , lots of stress...grrrr

my cafe is ticking along, weather poo at the moment, 4 weeks until my reduced days of opening, back to  winter hours of friday, saturday, sunday weather permitting until spring 2023..

Hubby was unexpectadly made redundant which has been a bit of a shock, so job hunting and emergency budgeting for the foreseable until a new job is secured for him.. hopefully wont be too long to preserve the emergency savings.

Mortgage update for Sepember as follows

Overpaid in September = £1856.52
interest for September = £387.39
Daily - £12.91
New balance £162,117.08 to start October 

Overpayments will be limited until hubby has secured a new job, so fingers crossed hes sorted quickly!

Fortune_Smiles

Sorry to hear about hubby's job Sammy.  I hope something turns up for him quickly.

Fortune x

LadyWithAPlan

Sorry to hear about the job loss but hopefully it will just be a short break. Also I assume your OPs are there to fall back on plus you have your EF so at least that all relieves some of the stress on you both.

sammy70

Thanks fortune and LWAP, having an emergency fund certainly eases the stress, it was same in covid when i was made redundant. Ive no idea how we would have felt if we hadnt got it, we are both overthinkers so i think we would have drove each other mad with worry!

Had a £25 p.bond win, yay! 

Hubbys last pay/hol pay coming tommorow, ive done a budget for the next 4/5 weeks using this and my months pay. 
Im hoping before the 5 weeks up he will be sorted, and again the emergency fund wont have to be touched.

 My ideal scenario is to keep building the fund, alongside overpaying the mortgage, until the balances match, and we can completely pay off mortgage.
Thats what we did with our last house, and it certainly kept us focussed watching the savings grow to the point of pay off!

A soggy windy day here, cafe is closed, so food shop and pottering day ..

try_harder

So pleased to see you back sammy but really sorry to hear about the job situation .I really hope he will find something very quickly

sammy70

right, a Sunday night update!

Firstly, hubby starts his new job in the morning! yey!

secondly, after overpaying the last bit of his redundancy pay, we have reached our xmas eve target of £160,000!!!!
im so pleased, we stuck at it even though we had the stress of his job loss and the current financial mess this country is in ..

Also, our emergency fund in the p.bonds is now up to 1 years outgoings, such a relief with all the uncertain times we are going through. Again we carried on saving this through my redundancy, then new business start up, and hubbys job loss. Its taken time, but so worth it.

The mortgage today stands at £159,975 .

November is the month i use spare cash for xmas pressies, and food etc. im hoping to make a few small overpayments and savings to bonds too, its all systems go now hubby has a job again thank the lord

try_harder

I was just thinking about you today sammy and here you are 

You have done amazingly well and always stay so focused .Brilliant work

South_coast

That's such wonderful news Sammy 😀! Best of luck to him in the new role, and I'm looking forward to seeing that balance crashing down again!