our forever patch challenge

sammy70

Hi frayed knot

We love premium bonds, we use them as savings, for EF, we used them when saving for this house, and previously for savings for lump sum to pay off our last mortgage on the old house

I think what works for us, is the fact that buying them each month is like buying whatever you are saving for , and makes us reluctant to cash any in, but in a real emergency you can cash them in, and have the money in a couple of days..
It works for us, but i suppose everyones way of saving is different.

I often find myself tempted to use cash savings sat in a normal savings account more easily, so i avoid that usually..

sammy70

£20 paid off the mortgage, £18 off car loan, not bad!:beer:

Big changes for hubby, he is excited to start a new job in a couple of weeks time, the pay is less, but the savings in commute/car costs, and the fact he after his daughter turns 20 next month will no longer be paying the £500 + child maintainence his leach of an ex as been claiming from us, means he at last can do this job he has wanted to do, and hopefully we can adjust our financess to carry on saving and overpaying.
The fact he will be out of his current job, where he has been unhappy for a while will be worth the financial sacrifice. Life is too short to be unhappy..

The weather is crapperroney this weekend, im working in the morning, and next saturday, i hate working weekend when ive had early starts, and we have been so short staffed in my department this week , its a joke.
Think when my role changes in february, when the lady im covering for maternity leave returns, will be my time to move on in my work life too...

A_Frayed_Knot

Good news all round, bet you can't wait for next month, and best of luck to hubby with new job,as you say Life is too short to be unhappy.

Sounds as if you work in the same place as me, always short staffed, so many vacancies, by the time they are meant to start - they have left :eek: you have to :rotfl:or you would

Grab your chance to move on when your role changes.

sammy70

Thank you frayed knot!:)

Hubby cant wait to start new job, he is nervous as he has been with his current job many years.. over the last couple thoughhe has been unhappy there, He has stuck it out due to the high child maintainence payment, but at last he can start afresh at a lovely family run business less than ten minutes drive from home.. im jealous :rotfl:

My turn will come next year...

Just want to get to the end of next month, to work out budgets etc based on new salary.

Going to take this month as a shake up on the budget, look where savings can be made to allow us to make overpayments and keep topping up the p.bond savings.

sammy70

payday for me tommorow, hubby gets his 28th, his last one with his current employer..

His new job is weekly pay, so will need to think how to make this work, i thought use my wage for mortgage, council tax and his will for weekly shop, petrol, animal food etc, and work out an ammount each week needed to transfer to other monthly bills..

Its a period of adjustment, new budget/wages.. it will work out im sure

sammy70

Having a lovely time off work this week, loads of walling getting done in this dry weather :j

Over paid £250 on payday, and £25 today from grocery savings etc :beer:

With hubbys new wages being less than current, ive a month to wait before i can work out our new budget.
Im seeing it as a challenge, i will have to work hard and be on the ball with money saving to keep up overpayments and savings..

£80 in bonds today, from change jar cash in, and paid £20 off car loan.. a good start to our new super saving budget :T

sammy70

right here goes..

In Feb 2018 i set us a 21 month challenge to do the following-

Fence all areas, including gates, and a water gate- Done! :beer:

Get stable built- Done !:beer:

Buy sheep- Done!:beer::beer:

Buy chickens- Done :j

Buy horse- Done ! :beer::beer:

Skip away all crap from giant re-roof of workshop- Done !:beer:

Repair and re- roof outbuilding- no- a 2020 project now..:o

Repair and rebuild all stone walling alongside yard- still a work in progress- again hope to complete summer 2020 .

So over all im happy with what we have achieved, and love all our new additions, life here wouldnt be the same without them now.:)

jaydeejay

Hi Sammy70
Have been following along with your journey with great interest and loving the update, wow, you have done really well and have got such a lot done and really big jobs by the sound of it. also must have added a lot of value to your property, it is really coming along.
Are you giving yourself another challenge now?
JDJ

sammy70

Hi Jaydeejay

Im currently mulling over setting my next challenge, but need to wait a few weeks until we have a clear idea of hubbys new salary before i can do a new budget for everything..

After direct debit, mortgage balance today stands at £206,567.27

Interest for August- £508.81

Daily= £16.41

Made a tidy up over payment of £7.27, so new balance stands at £206,560 :T

Total overpaid to date nov 16- today = £12,469.91 :beer:

sammy70

hubby not sure about new job yet, seems as chaotic an organisation as one he left.. but more hours and less money.. we will see, hes set a timescale , if hes not happy he isnt staying, lifes too short to work long hours at a job you dont enjoy.

Not setting new challenges until he is settled and we know where we are with wages..

i feel a bit deflated at the moment, probably because of feeling worried about hubby, mixed with lack of focus on our plans..

Things have a habit of sorting themselves out, need to plod on for now..