A Journey of Many Pounds Starts With a Single Penny

LadyGnome

I got £250 cash back when refixing the mortgage so I've put £80 in each of the pots and kept £10 for me.


Last of the big spenders!


I am doing the pay day money shuffle. We get paid a few days early in Dec so I should have done it before. I don't want to leave it any later before I do it otherwise I'll start spending money I should have put somewhere else.


:j :j Merry Christmas everyone.:j:j

LadyGnome

I've been looking over my numbers and one of my accrual pots (children's extra curricular) is excessive as the elder Gnomeboy has switched activities to one that costs a lot less but I haven't adjusted the monthly contribution to the pot. Consequently, I will have another lump sum of around £150 for each of the pots. I won't transfer it until early Jan as one of the savings accounts has interest due in early Jan too so I will reallocate both amounts at the same time.

Thinking ahead - Feb & March are the Council Tax free months so that will mean extra for the pots.
I have an old Santander account which I am going to set up as a potential account for switching so need to move a couple of direct debits to it and start putting some regular amounts through it.

LadyGnome

Goals for 2017

Mortgage

Overpay £3100
(1% of original balance)

Mortgage below £250,000 by end June


Children's fund

10% of Goal 4 - £4234.20 by end July


Holiday Fund

£2000 by end Jan - Done 2nd Jan
£2250 by end Feb - Done

brizzledfw

All sounding good LG, have a great 2017!
Xx

LadyGnome

brizzledfw wrote: »

All sounding good LG, have a great 2017!
Xx

Thank you brizzled; you too.


The over accrual was greater than I realised so there was £260 for each pot plus £19 each from interest on the savings accounts so £279 to each pot.


This means I will need to rethink my goals a bit as I have already met the holiday fund one.

LadyGnome

NSD today and I've prepared my food to take to work tomorrow so hopefully another NSD.

I've reinstated my £4 per day spending money challenge that I did a couple of months ago. This month is a long month as we get paid a bit earlier in December so I need to keep an eye on my casual spending. I carry over the unspent balance so I can save up for a couple of days if I want something bigger.
(I might have set up a page on a spreadsheet and printed myself a chart to fill in to keep track of where I am with this:o)

AlexLK

Sounds like you're having a good start. I've also prepped lunch for my son (and I) to take to school. Will definitely be an NSD tomorrow.

LadyGnome

AlexLK wrote: »

Sounds like you're having a good start. I've also prepped lunch for my son (and I) to take to school. Will definitely be an NSD tomorrow.

Hope you managed a NSD today Alex.
A NSD for me. I've got everything ready for tomorrow too so hopefully no food spends. I will have to buy a birthday card for my brother but that's it.
The spending challenge is keeping me focussed during the slow days to payday before I can do any more OPing.

AlexLK

Yes, had an NSD today. Forgot I haven't spent any money until now as I've been really busy. :rotfl:

Moominmamma89

Hi LadyGnome,

Just read your diary and subscribed - the amounts you manage to OP are very impressive.

I use e-savings accounts for things like annual payments, Christmas, holiday etc. I find it easier to separate the money away from the main account and transfer it back when it's needed, otherwise I end up confused and spending it. When I was in setting up an account for my youngest the bank manager told me she had never seen someone with so many e-savings accounts and did I really need them all :rotfl:

Good luck with your 2017 targets!