Diary of our £230,000 mission

chelseablue

HoplessCase wrote: »

Congratulations on both accounts chelseablue! Sounds like we're in a similar life stage - been in our flat for 18 months and get married in 4 weeks!! :eek: Mortgage payments had to go on hold for quite a while but knowing we wanted to get back to it has helped curbed the wedding spending... slightly.... :A

Wow in 4 weeks, how exciting!


Weddings have got to be one of the most un-MSE things ever :rotfl:


On the plus side sent £400 today as a mortgage overpayment

atypicalblonde

Congratulations on a fab OP yesterday xx

poddle911

Congrats chelseablue! You've made great progress in one year. Enjoy the wedding planning and - as Hopless says - having one eye on OPs may well help keep your wedding spends down. But try not to stress, everyone has their own way of dealing with things and prioritising. Looking back we spent more than a year's mortgage payments getting married four years ago and don't regret a bean! Hard at the OPing now though...

chelseablue

Now that I've been paid a full months money from my new job below is my new SOA:


Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 2129
Partners monthly income after tax....... 1800
Benefits................................ 82
Other income............................ 0
Total monthly income.................... 4011

Monthly Expense Details
Mortgage................................ 720
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 145
Electricity............................. 23
Gas..................................... 24
Oil..................................... 0
Water rates............................. 24
Telephone (land line)................... 0
Mobile phone............................ 69
TV Licence.............................. 12
Satellite/Cable TV...................... 48
Internet Services....................... 0
Groceries etc. ......................... 140
Clothing................................ 0
Petrol/diesel........................... 160
Road tax................................ 18.37
Car Insurance........................... 58
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 129.74
Childcare/nursery....................... 864
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 8.58
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 20
Entertainment........................... 160
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2693.69

Assets
Cash.................................... 11000
House value (Gross)..................... 425000
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 438000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 224900...(720)......1.49
Total secured & HP debts...... 224900....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Lloyds.........................3400......40........0
Sainsburys.....................1400......60........0
Total unsecured debts..........4800......100.......-

Monthly Budget Summary
Total monthly income.................... 4,011
Expenses (including HP & secured debts). 2,693.69
Available for debt repayments........... 1,317.31
Monthly UNsecured debt repayments....... 100
Amount left after debt repayments....... 1,217.31
Personal Balance Sheet Summary
Total assets (things you own)........... 438,000
Total HP & Secured debt................. -224,900
Total Unsecured debt.................... -4,800
Net Assets.............................. 208,300

atypicalblonde

I bet you can't wait for your DS' 15 free hours to kick in - that will make such a huge difference xx

chelseablue

atypicalblonde wrote: »

I bet you can't wait for your DS' 15 free hours to kick in - that will make such a huge difference xx

Oh my God I'm counting down the months now!! (6 months more high payments to go in case you're interested )

We get the free hours from September (DS is 3 in May) apparently the government are increasing it to 30 hours a week this year which will be amazing.

Hope his nursery will be offering it

atypicalblonde

We get them from April, I will be like :j when that time comes!

KittyMoma

Here to subscribe I should do a SOA soon as well.

chelseablue

Rubbish start to the week!


Yesterday the flush broke on our toilet, so spent £20 buying the bits to fix it, OH fixing it tonight hopefully!


Then today there's a problem with my car, it drives fine but when you are driving along the light is on the dash to say a door is open....when there isn't!


More money down the drain fixing that, although it could wait a while as it doesn't really cause a problem, its just annoying.


Car is 11 years old this year so niggly things will start to happen I guess

chelseablue

Hi All


The problem with my car has now fixed itself! So hurrah for that!
Hopefully just need to spend out for the MOT and service, so that'll be September.


Over paid £400 in March....new balance £223,377.


First mini target is to get under £220k, that'll be sometime this year.


Wedding is booked for June next year, already paid £800 deposit to the venue and £465 for the registrars. Sooooo un-money saving!


As well as overpaying we're also saving each month for the wedding, nearer the time if we're a bit off target I could always stop overpaying but don't really want to do that.


Must keep chipping away at it, already saved £2 a month interest :rotfl: