Hope is not an Effective Financial Strategy

shangaijimmy

Well 2 days till accounts posting and nearing a MFiT update as well. Managed an 87p TT this morning and have some tesco current account interest to redirect today. 23 sleeps till our week away too which is very much needed. Only had 4 days of annual leave in 2016 so far and definitely looking forward to 10 days in October and then 3 weeks at Christmas!

Money wise we're struggling after a few months of relentless spend on big birthdays, anniversaries and SMP. May need to hold some OP's back but we're determined not too!


We have had a big eBay push over the last 6 weeks listing clothes than all 3 kids have outgrown. So far we've sold a whopping 71 items for £178.60 profit, which will go towards 2 kids birthdays in January. Baby SJ is nearing the end of 6-9 month clothes so there'll be another surge in Oct/Nov too.

CathT

Wow, lots of great progress!

lippy1923

Well done on the MBing. I have been reading up on it, with some tips from other posters on here, but I am worried about starting it as I heard gambling can affect your credit rating? How true is this? I want to remortgage next year so I am avoiding having gambling associated with me for now until I know more.


Keep going SJ. Great progress as normal

hiddenshadow

lippy, I don't believe it will affect your credit rating as long as you don't go overdrawn to do it, but bank's aren't really a fan of seeing withdrawals to bookies (even if you can prove math-wise that you're making money ), so I think general advice is to stop doing it 3-6 months before you remortgage (depending on how many bank statements you need to provide to get a new mortgage deal).

[Deleted User]

Wife is MB'ing daily!

We use a separate account for the transactions.

But yes the amounts flying around to cover all the lays is staggering!

Cheers


PS apologies for not posting on your thread for a while as been hammering the pensions sipps instead but the last FIT & RHI payments ~£1000 have gone back to mort ops this month. So yeah trying to balance more between pension and mort

shangaijimmy

Well September has gone by in a flash at SJ Towers and feel like i've barely had time to sleep properly! I quite fancy the idea of having a snoozey weekend watching the golf, but 3 kids will definitely disrupt that plan/dream...

Anyway despite the busy month i've kept up with the MF journey and have had another good month (month on month i'm surprised when i do the accounts and always expect this OP trend to come to an abrupt halt). So here goes:

Monthly Figures:

• Closing Balance - £115,574.67
• Total OP's - £567.48
• Net Reduction - £1,063.96
• Daily Interest Now - £6.30 (6p reduction)
• LTV - 52.30%
• % Loan Left - 84.98%

Diaries Average Figures:

• Average OP Total - £569.48
• Average Net Reduction - £1,019.02

hiddenshadow

Very close to 50% LTV, brilliant!

debtfreeoneday

Awesome progress this month SJ!

Moneyfordreams

I'm impressed with matched betting figures.. but I'm definitely not going to try.. I'm sure I would get carried away... tried online bingo once. won a few then lost a lot... never again.
but did not resist lotto this weekend keeping those fingers crossed

jodles16

Hi SJ, amazing figures yet again!

Jodles