Diary of our £230,000 mission

pollyanna24

chelseablue wrote: »

That's a lovely plan to have. I've lived in Berkshire all my life, it would be nice one day to move somewhere cheaper and buy outright.


How long are you planning on working in London for?

I'm not sure really. I've always lived in or around London (there was a period for two years when I bought in Luton as it was cheaper, but came back within the M25), so ideally I would stay here as my family are here etc. and my children have great friends here etc.

But..., moving out is an option and it doesn't have to be too far. My brother recently bought 45mins further out and got a lot more for his money.

As for working in London, my boss is 60, so I had in my head another five years, but he is now opening another company, so all depends on how that takes off.

chelseablue

I've resigned myself to the fact I'll be working until I'm about 90 haha.


At least living in the SE the job market is good (that's probably why the prices are so high)

chelseablue

2 weeks until payday so have to wait until the middle of the month before any overpaying and saving.


Mr Chelseablue painted the shed over the weekend so that's one more thing ticked off the to do list.


Picked up the new living room curtains from John Lewis, MIL is going to take them up.


Would like the kitchen re decorated before Christmas.


Will update in a couple of weeks when I've done the OP'ing and saving

chelseablue

I think I should re name this diary "My DIY mission"


Last weekend brother in law came and put new skirting boards in the kitchen and hallway, he also sanded down the door on the cupboard under the stairs so it doesn't catch on the wood floor any more.
And he fixed the light in the hallway, which hasn't worked since we moved in!


Mr CB is painting the kitchen this weekend


Pay day tomorrow and I will be ordering a curtain pole for the living room so I can finally get rid of the awful wooden blinds left by the previous owners


Not sure what to do regarding an overpayment. My mortgage rate is low at 1.49% so don't know whether to not overpay at all and put the money into my S&S ISA

chelseablue

Does the expense ever end! We've decided we really need to get the kitchen floor retiled as some are loose and the floor is uneven so it looks rubbish.


So that's getting done end of October


Im now getting childcare vouchers from work so below is my new SOA. This is the fist month I've been getting the vouchers so hopefully it means we're a bit better off


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................ 1754
Partners monthly income after tax....... 1750
Benefits................................ 82
Other income............................ 0
Total monthly income.................... 3586
Monthly Expense Details
Mortgage................................ 722
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 145
Electricity............................. 32.5
Gas..................................... 32.5
Oil..................................... 0
Water rates............................. 23
Telephone (land line)................... 0
Mobile phone............................ 77
TV Licence.............................. 0
Satellite/Cable TV...................... 46
Internet Services....................... 0
Groceries etc. ......................... 180
Clothing................................ 0
Petrol/diesel........................... 250
Road tax................................ 18.37
Car Insurance........................... 66
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 129
Childcare/nursery....................... 517
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40
Haircuts................................ 20
Entertainment........................... 120
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2433.37

Assets
Cash.................................... 11500
House value (Gross)..................... 410000
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 423500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 227500...(722)......1.49
Total secured & HP debts...... 227500....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 3,586
Expenses (including HP & secured debts). 2,433.37
Available for debt repayments........... 1,152.63
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 1,152.63
Personal Balance Sheet Summary
Total assets (things you own)........... 423,500
Total HP & Secured debt................. -227,500
Total Unsecured debt.................... -0
Net Assets.............................. 196,000
Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

chelseablue

Just been told redundancies are happening at my work :-(

Sundaysgirl

Horrid news. Hope you're not affected by it. Hugs

chelseablue

Sundaysgirl wrote: »

Horrid news. Hope you're not affected by it. Hugs

Thank you.


Not sure yet, they are asking for voluntary redundancies first, then if they don't have enough people then they will be choosing others.


Its only the office staff so it does included me


So should find out in the next month :-( what a lovely Christmas present :-((

chelseablue

Had a bit of a result yesterday.


My mobile contract is up and as I don't need a new handset I decided to go onto a SIM only plan


Used to pay £35 a month, will now be paying £9 a month

Sundaysgirl

Great! That saving will really add up over the year. Any work news?