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The Edcawber Principle

edited 30 November -1 at 12:00AM in Mortgage-Free Wannabe
2K replies 227.5K views
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  • beanieloubeanielou Forumite
    73.5K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    This week's good news belongs to Mrs E - she has been offered a new job and is currently negotiating the salary up :dance:

    Fantastic news :T
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 2 lbs **
    MFW. 9 months to go. B)
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • edinburgheredinburgher Forumite
    11.9K posts
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    This week's good news belongs to Mrs E - she has been offered a new job and is currently negotiating the salary up :dance:

    Mission completed, an increase of nearly £400/month (pretty decent for part time hours)!
  • beanieloubeanielou Forumite
    73.5K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭✭
    Mission completed, an increase of nearly £400/month (pretty decent for part time hours)!
    That is awesome :T
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    **Weight loss 2 stone 2 lbs **
    MFW. 9 months to go. B)
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • teapot2teapot2 Forumite
    2.9K posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
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    Mission completed, an increase of nearly £400/month (pretty decent for part time hours)!

    Wow thats excellent, go Mrs E :beer:
  • KarmacatKarmacat Forumite
    34.9K posts
    Part of the Furniture 10,000 Posts Name Dropper
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    Fantastic news, well done Mrs E!
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • rtandon27rtandon27 Forumite
    3K posts
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    Mission completed, an increase of nearly £400/month (pretty decent for part time hours)!

    :T Fabulous!:T
    4 YEARS DEBT FREE!!! (24 OCT 2016)
    (With heartfelt thanks to those who have gone before us & their indubitable generosity.)
    Finally managing to keep all the balls in the air and juggle the budget!
  • Suffolk_lassSuffolk_lass Forumite
    5.1K posts
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    See what happens when I go away for a few weeks!? Well done to you both, that will really make a difference

    Save £12k in 2020 - #20 £5,010.84/£5k 100.22% after September
    OS Grocery Challenge 2020 target £2,230.32/£3k 74.34% so far at end of Sep
    Mortgage Free Wannabes 2020 #37 - exceeded our £15,000 target and paid the whole thing off
    MFIT T5 No 2 all gone after Q7
    My Debt Free Diary was Get a grip Woman
  • misscousinittmisscousinitt Forumite
    3.7K posts
    Tenth Anniversary 1,000 Posts Mortgage-free Glee!
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    Hi Ed

    Fantastic news about Mrs Es job!

    Hope you are well.

    MCI
    Mortgage Free x 1 03.11.2012 - House rented out Feb 2016
    Mortgage No 2: £82, 595.61 (31.08.2019)
    OP's to Date £8500

    Renovation Fund:£511.39;
    Nectar Points Balance: approx £30 (31.08.2019)
  • Watty1Watty1 Forumite
    3.3K posts
    Part of the Furniture
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    Just catching up. Wow what a nice increase. Congrats to Mrs E. Now will she be able to spend any of that? Or is there plans?
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaid next mortgage. £79,491 down to £27152
    Changing focus for now
  • edinburgheredinburgher Forumite
    11.9K posts
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    Watty1 wrote: »
    Just catching up. Wow what a nice increase. Congrats to Mrs E. Now will she be able to spend any of that? Or is there plans?

    There are always plans Watty! :rotfl:

    That said, the socialist state of Eds will definitely see an increase in pocket money for both of us in either or October or November. It will probably be a relatively significant increase as Mrs E has a 16-17% pay rise coming and I have a 6% rise coming as the result of an increment in November.

    It's never that straightforward, however, and there are a range of factors around pension contribtions, pension type, childcare vouchers, student loan repayments and tax bands to resolve before we know what we're "good for". In any case, we should be ok, a 10% "pay rise" for each of us would only cost £44/month :rotfl:

    Mrs E has officially handed in her notice and starts in early October. She will have to pay back a couple of days of annual leave, so the end of October wage might be a little lean. She is nervous but excited, which seems a good combination.

    This month sees our last decent feed in tariff payment of the year. We have generated roughly 900 kWh over the last quarter, which should equal a payment of £135 or so. We're still on track for a sub £10k credit card for me by December, which is real progress :T

    I have started making some very small payments into Ratesetter again (the plan is to aim for £10/week). I'm not sure why, but with the 5 year rate hovering between 5-6% and the fact that they offer an Innovative Finance ISA now, I think I just fancied a wee investment to micromanage (try not to judge me, I've simplified my finances so much that there's very little to !!!! about with these days)!

    Other than that, not too much money news. Still YNABing and have made a few tough choices this month, but nowhere near as tough as last month!

    In money-ish news, I am currently sitting absolutely knackered after my first practice commute to work. I cycled 80% of the way to work and back, which was terrifying. I couldn't cycle the full route as (ironically) the streets were closed due to a cycling event :D I'll try it for real for the first time on Monday and my current plan is to cycle in Monday/Wednesday/Thursday, taking the car in on Tuesday so that I can go to the gym before work. I've bought some cheap but serviceable waterproof panniers from [email protected] , but there's no way I'm taking gym clothes, work clothes and lunch on a bike - I'd never get moving!

    Off to the park with my parents this afternoon and Mrs E is taking DD out for at least half of tomorrow, so good times! I'll need to build her a statue or something... :think:

    Have a good weekend everyone :coffee:
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