Taking it slowly, but doing it well.

wishingthemortgaheaway

So, it's payday and the end of the month (pretty much/nearly. So here's my round up of August..

An expensive month, birthdays, wedding anniversaries and holidays etc. All have been saved (mostly!) by a much reduced house insurance bill adding an extra £175 to the pots.

Spends
Groceries:£143.02/£200
Household goods: £24.72/£50 (my amaz0n subscribe and save order has also come this month £40)
Spends: £98.59/£100
Restaurants: £182.43/£100 :eek:(thanks Wedding Anniversary & mum's birthday....)
'Random stuff': £115/£100 (hubby's wedding anniversary whiskey & Flying Scotsman train tickets. - all totally worth it.
Petrol: 0/£70

Mse August Goals

MOP Pot £315.81 (massively under achieved last month)
1) Next brick on the countdown house £52.53/£52.53 :j
2) interest added £10.68/10.68 :j
3) nice round number £89.32/£89.32 :j
4) MFW2018 August amount £57.47/£57.47
5) MFW2018 July catch up amount ££105.81/£105.81 :j
yay!!! Nearly at my Mfw 2018 challenge total

13 Step plan
£520/£600
£80 short but a lot better than I thought it was going to be. I have put £67 in the 1p challenge, so Technically that will all come back into the 'system' when I hit the 365days total

NSDs
7/6 (really not home much this month either) :j shpuld be a nsd today too

1p a day challenge days
31/31 there is £466.17 of the £667 that this challenge saves, so getting there, another 30 day's at least will be added in September, we'll see how it goes.

Mortgage offfset challenge 2020
Starting balance (March 18) £34,000

Step1: Mortgage capital reduction: £3,463.28/£11,600
Step 2: Emergency fund: £2000/£2000
Step 3:1 month wage buffer: £1415/£2400
Step 4: White goods repair & replace: £230/£1000
Step 5: Bills increase at new house: £600/£2900
Step6:
Step7:
Step8:
Step9:
Step10:
Step11:
Step12: Commercial clean of old & new properties: £375/£375

TOTAL: £8083.28/£34,000 - 23.7% (on track for July 2020)

September target for MOP pot & 13step plan: £1,126.82

Busy_Mee1

Fab update wishing. Your spending on groceries (or lack of ) is really good. Just love your focus

wishingthemortgaheaway

Busy_Mee1 wrote: »

Fab update wishing. Your spending on groceries (or lack of ) is really good. Just love your focus

Thank you Busy, it helps hubby was away so much (and we ate out a lot!)
This month will Ben more, I've already spent £70 of this month's budget on a big shop today, mum and dad are here for the week and they don't eat pasta or rice......

wishingthemortgaheaway

New month, new budget, new targets and the mortgage interest is in so I can calculate my targets for the month. (Incidentally interest for August was £62.55 or £2.02 a day - I wonder if it will be under £2 a day come October)


MSE September Goals

Mop pot: £351.72
1) Nice round number: £28.53
2) Interest added: £34.02
3) £400 capital reduction: £129.26
4) MFW 2018 monthly target: £23.19
5) £30k mortgage balance: £136.72

13 step plan
£570

NSDs
0/16

1p a day challenge
0/30

wishingthemortgaheaway

So, back with my daily update: £70 spent at the supermarket, but the fridge is bulging and so are the cupboards and I've stocked up on baking stuff for this year's bake off. Lunch out today (obviously, we all know what my restaurant spends are like!) But that's it. Some cash in my purse that should keep me going this week. But I will need to put fuel I need my car before my long work trip on Tuesday


MSE September Goals

Mop pot: £351.72
1) Nice round number: £28.53/£28.53 :j
2) Interest added: £26.14/£34.02
3) £400 capital reduction: £129.26
4) MFW 2018 monthly target: £23.19
5) £30k mortgage balance: £136.72

13 step plan
£100/£570

NSDs
0/16

1p a day challenge
16/30

EagerLearner

Looks good Wishing, and sounds like you've had some lovely meals out, well worth it. Your interest per day on the mortgage is brilliant, so low. I'm desperate to know what mine is for August so I'll need to log in today.
Love your food budget, I need to tweak mine some more this month, must research recipes for kidney and black beans as have lots to use... Any ideas welcome as I mainly do veggie chilli.

wishingthemortgaheaway

Hi Eager,
Thank you, I can't believe how much the interest has dropped over time. I aim to pay at least £400 a month capital off the mortgage, that used to be easy (some months it was nearly £1k at one point) but priorities and income changes. Would I go back to work full time just to reduce the term of my mortgage. No, I wouldn't.

As for beans, look at slow cooker recipes, lots of them use beans.

wishingthemortgaheaway

A nsd, but my mobile bill has been generated so I've got a tilly tidy from that.
Hubby is home, he's very tired, but I have booked a lie in for the morning. I am exhausted from the last few weeks and I have a crazy work week coming up.

I've done some baking this evening, but of a disaster, so I need to get some more eggs & cocoa powder tomorrow and have another go.

Tomorrow I also need to fill my car up, get a new headlight bulb (again!!!) and get ready for work this week. My mum and dad arrive at some point for the childcare gaps this week. I'm looking forward to seeing them. We've not told Pickle yet, he has been too excited having daddy home
Today to cope with any more excitment.

Updates below....

Wish

MSE September Goals

Mop pot: £351.72
1) Nice round number: £28.53/£28.53 :j
2) Interest added: £34.02/£34.02
3) £400 capital reduction: £0.11/£129.26
4) MFW 2018 monthly target: £23.19
5) £30k mortgage balance: £136.72

13 step plan
£120/£570

NSDs
1/16

1p a day challenge
16/30

pinkypig

EagerLearner wrote: »

Looks good Wishing, and sounds like you've had some lovely meals out, well worth it. Your interest per day on the mortgage is brilliant, so low. I'm desperate to know what mine is for August so I'll need to log in today.
Love your food budget, I need to tweak mine some more this month, must research recipes for kidney and black beans as have lots to use... Any ideas welcome as I mainly do veggie chilli.

Hi EL - try Deliciously Ella , there's a lovely veggie shepherd's pie using black beans and sweet potato mash. Black bean burgers are also nice as are quesadillas and burritos.

Sorry to hijack Wish, good luck with your frantic week

Courgette

Your daily interest rate is great! Are you not tempted to OP 2p every single day to tidy it up though? I think I would be! Ours is something like £7 a day I think. Haven't checked for a while