Recently Single Mum - MFW in 5 Years

AllYours

Hello all :hello:



I want to be Mortgage Free.

I want to be in a financially secure place where I don't have to worry about paying the mortgage and bills... and where I can enjoy nice holidays and days out with my children.

Now I just have maintenance, a small amount of money from my Ebay shop and child benefit coming into the house.

Last night I sat down and spent four hours going through my finances (or lack of them.) I did this after realising that my incomings only just covered the household bills and that I am very close to dipping into my overdraft. This is my lightbulb moment. I must pull myself together for my children and create a sound financial future for us all.

I am not in any debt other than the mortgage and when my little one starts preschool in September I shall begin job hunting in earnest. For now I shall poll, click, cut back, scrimp, save, budget, menu plan, recycle, upcycle, Eb@y, flog and barter my way to mortgage freedom.

There is currently £30'000 outstanding on the mortgage. Hard but doable. The aim of this diary is to keep me focused; those days when it all seems impossible and I don't feel like I am getting anywhere... I will come on here and realise many small steps in an upwards direction will eventually conquer the mountain.

Thanks for reading.

skint_spice

Good luck AY, small steps go a long way:D

Goldiegirl

Good luck with your quest.

With overpaying, every extra penny really does count in the long run.

You sound very determined, so I'm sure you'll do well

AllYours

Thank you for your kind words ladies - it means a lot.

Okay just a quick note of tomorrow's plans:

*[EMAIL="*Eb@y"]Eb@y[/EMAIL] several items
*Wash the bedding and sofa covers and dry them on the line (we are down for another beautifully sunny day.
*Take little one to the park and then onto the children's library, both free fun things to so.
*Get veg out of the garden for dinner (broad beans, carrots) and use up rubbery potatoes from the bottom of the fridge.
*Check Qu1dco and TopCashback.
*Do any available polls.
*No spends today.
*Iron... huge pile to do thanks to all this lovely drying weather.
*Check mystery shopping site.
*Check banking and make first small over payment.

MFW here I go....

Night all. x

getting-sorted-sarah

Good luck AY! Well done on making such a postive plan for you and your little ones - you can do it!

ally18

Hi Ay,

You sound very determined so i wish you all the best.

I am in a similar situation to you in that I am on my own with kids though my youngest is 15 and I am working.

Its amazing what you do to make the pennies turn into pounds, I have become such a scrimper and vouchers rule!

Good luck.

AllYours

After checking my banking I have just made my first Op ... £15. Small but in the right direction.

Several of my Ebay items have healthy bids on, I have activated a cash back creditcard (to be paid in full every month!!) and I have scrubbed a carpet with diluted biological washing powder where my son had walked oily footprints. It is now nice and clean and I won't need to buy any purpose cleaners... the room smells nice and fresh too.
My sofa covers are blowing nicely on the washing line and now I shall get a few more Ebay items photographed before I start lunch.

Have a lovely Tuesday all.

El. x

AllYours

ally18 wrote: »

Hi Ay,

You sound very determined so i wish you all the best.

I am in a similar situation to you in that I am on my own with kids though my youngest is 15 and I am working.

Its amazing what you do to make the pennies turn into pounds, I have become such a scrimper and vouchers rule!

Good luck.

Thank you muchly Ally.
I struggle to find vouchers. I have seen those American programmes were they can virtually pay for full shops by vouchers alone... if only huh?
I have a toddler and my son is in his early twenties (but is moving away from home in September) so as soon as I get the little one settled in pre-school I shall look for a part time job. I really need something to supplement my Eb@y shop. Eb@y are so fee greedy... it sometimes feels pointless when I am making pence on some items but looking at the bigger picture; it has paid so many bills I am grateful for it.

RoaringTwenties

Just dropping by to wish you all the best on your journey - it does all add up and you sound wonderfully focused and determined - I really hope it all goes swimmingly for you :money:

Keep us updated! I'll subscribe

RoaringTwenties

PS: I *totally* loved Wonder Woman and had a dress-up costume as a child...but that was the eighties for you :rotfl:

giblet1979

Hi Ay,
Wishing you lots of luck - I'm sure you'll do it; you sound really focused!
Subscribed and looking forward to hearing more
Gib x