The Spreadsheet Diva's MF Diary

misscousinitt

Go for it.

MCI

SueP19

I have decided that procrastination is my No 1 enemy


I have been reading this

https://www.daveramsey.com/baby-steps thanks to hidden Great simple what you see is what you get kind of thing and sometimes we overcomplicate stuff and make life harder

My debts are keeping me from making any progress, they are all 0% so applying the ethos of :money: my mortgage should be what's paid first as it's the highest interest.

However I feel like I am looking over my shoulder all the time, those darn debts are like little nasty elves sitting on my back tapping me.

So tomorrow I hopefully will have a 6 months plan :D

Karmacat

OMG, that kitchen revamp is brilliant!

And as far as doing free stuff is concerned, again, you're making progress (with OH, I mean ). It's all good!

I seriously like that revamp!

SueP19

Thank you i did it myself, sockets blinds painting and i had to reboard the top of the wondow as it colapsed lolol

A_Frayed_Knot

Good work, you'll be doing that bathroom re-vamp before you know it. Love to see "before" and "after" pics,Hope it didn't take too long, and bet you were pleased as punch when it was all finished.


Great work on the 2nd o/p, I've yet to o/p mine, just waiting on the mortgage lender to sort out their online mortgage statements.

Kittenkirst

Fab stuff with the kitchen revamp- looks fantastic!
Looking forward to reading your 6 month plan- I love a good plan/list for focussing the mind.

SueP19

A_Frayed_Knot wrote: »

Good work, you'll be doing that bathroom re-vamp before you know it. Love to see "before" and "after" pics,Hope it didn't take too long, and bet you were pleased as punch when it was all finished.


Great work on the 2nd o/p, I've yet to o/p mine, just waiting on the mortgage lender to sort out their online mortgage statements.

It took ages :rotfl::rotfl::rotfl: but I only really have a couple of spare hours a week, I still have quite a bit to do :D I have fabric to cover the chairs, paint for walls and ceilings, second coat of paint on the tiles, am looking for a worktop for the otherside on fleabay (bummed because I missed one at Spalding about 2 months ago going cheap ) and I have to replace light switch (2 gang 2 way) and 3 further sockets :D:D
I think that what irks me re bathroom, £1,000 for tiling, when I could do it

Kittenkirst wrote: »

Fab stuff with the kitchen revamp- looks fantastic!
Looking forward to reading your 6 month plan- I love a good plan/list for focussing the mind.

Thanks Kitten, never done diy before :T:T

This was my first attempt :D

Before entrance



After


:D:D

misscousinitt

Fabulous work Sue.

MCI x

SueP19

Procrastination is a stealer of time and money

I have dithered and dawdled and dilly dallied about with stuff for tooooo long, a plan is needed :D. My dilly dally is because, like life, I have lots going on. Trouble is it's hard to know what to do or which road to take, so you end up not really going anywhere.

Are you a dilly dallier like me???

Well I have decided to have a plan for the next 6 months, not a concrete plan but a "this is what I'm aiming for" type of plan (A real concrete plan is scary because it usually goes bum in the air the moment you set pen to paper :rotfl::rotfl:)

I started by reading this (thanks hidden)

https://www.daveramsey.com/baby-steps

So here goes the baby steps theory and what works or will work for me
1.) Save an emergency fund £1,000
2.) Pay off debts starting with the smallest
3.) Have 3-6 months expenses fund
4.) Invest 15%
5.) Save for college fund
6.) Pay off mortgage
7.) Build wealth and give

To apply me and mine to this it goes as follows

1.) Save an emergency fund £1,000...never had any emergency before but it is vital, I have come out of overdraft so have that available BUT it does cost to use
2.) Pay off debts starting with the smallest.... all my debts are 0% but this is the cause of my procrastination, the mse way would be to pay mortgage as that is the one with interest
3.) Have 3-6 months expenses fund...never had an emergency so this feels like a pipe dream
4.) Invest 15%...this one is odd to me, in the wrong place
5.) Save for college fund...done this one already and paid for it
6.) Pay off mortgage.....main aim but this is the rocky path with obstacles listed above
7.) Build wealth and give....yeah right :rotfl::rotfl::rotfl:

The long term plan
1.) Save an emergency fund of £500 above the overdraft available of £700
2.) Pay off debts, even though they are 0%, roll payments over to the next debt and so on, to not feel like I am looking over my shoulder is priceless to me
3.) Save 3 months expenses being about £6,441.75
4.) Pay off mortgage, aiming for, no later than October 2026 (will be 60)
5.) Build wealth

6 Months Plan....the debt busting year

Financial
1.) Reduce mortgage by £2,000 with op's and regular payments
2.) Save EF of £500
3.) Pay off 2 smallest debts, total £367.63

Home maintenance
1.) Finish Kitchen
2.) Start and complete Living Room

Additional Earnings
1.) Fleabay at least £50 per month
2.) Top c@shback £200
3.) Carboot £300

Health
1.) Climb my first Munro
2.) Walk at least 250 miles
3.) Lose 2.5 stone

Phew, not too hard, it's the sticking to it when everything goes pear shaped that's the hard bit :D

misscousinitt

Maybe use your additional earnings to pay off the debt and build emergency fund - then anything else chuck at the mortgage.

Good luck with the plan.

MCI