New life. Here we go.....

1356713

Comments

  • Ooh an electronic bullet journal. Interesting. I don't mind the fact my notebook has got messy, although I am looking forward to starting my new one soon so all the overview type pages (renewal dates, birthdays etc) can be brought together.

    Although I am considering typing them up then printing out sheets to stick in. Oh decisions decisions
    Outstanding mortgage: £23,181 (December 19)
    MFW 2020 Challenge Member #10 0/£2318
  • Elephantchunks
    Elephantchunks Posts: 211
    First Anniversary Name Dropper First Post
    Forumite
    edited 20 January 2018 at 7:48PM
    I know Wihsing, not quite a jouranl if it's electronic but i'm sooo messy!

    Decisions decisions indeed! My head is full of decisions we need to make about decorating. This colour or that? This finish or that? Basic, medium or premium on everything from floors to light switches. I'm rubbish at decisions but I'm having LOADS of fun.

    Today has been amazing fun!! We've been like the Salvage Hunters.
    VERY spendy on good ol' Ebsy, but we've saved huge amounts on a few big items we wanted.

    We hired a van and travelled to the other side of the country to buy a beautiful desk for £320 which when finished will be well worth £1000 - £1500 and even now without doing anything to it it's worth way more than we paid as its not too scuffed up considering its at least 120 years old, the description was very bad and didn't say it was antique but it obviously is. The seller told me the last owner had the leather top professionally fitted 5 years ago for £700, I could tell he was gutted it didn't sell for more but I know he made his money from the rest of the lot he bought so win win!

    We also bought 4 beautiful wooden book cases for £80 each which might not be as bargainous but we managed to offer £80 each instead of £100 as advertised so £80 saved there. They're going to look amazing and the bonus is - even though they are book cases, they fit vinyl records on them.

    Aaaand we bought x8 2 bar radiators brand new in boxes for a total of £245 which by my estimates would RRP £850 at least.

    Aand we also bought x8 iron curtain poles and 4 iron tie backs for £50 which I've calculated should RRP £128 at least.

    Total guestimated saving (if you can call this expense saving) £1632 after van hire and a french polish.

    Oh, and we made our own flask of tea, filled bottles with water and took sandwiches, so £1652 :j
    "Why not now, OK so when and how," ElephantChunks.
    Electrics re-wire savings Oct 18 - March 2020 WE GOT ELECTRIC!
    Heating Loan Sept 0/£5000
    SPC14 #65
  • Elephantchunks
    Elephantchunks Posts: 211
    First Anniversary Name Dropper First Post
    Forumite
    edited 19 February 2018 at 10:28PM
    Forgive me Martin for I have borrowed and spent spent spent!

    Yes it has taken me a month to face the forum.
    A. I pushed myself too hard, therefore I gave up on all the speadsheets and task lists I'd created.
    B. I (/we) had just moved into our dream home but wasn't allowed to release money from the mortgage which we expected, therefore we were living with some nasty decor and have been very cold.
    C. So we have taken out a £12,000 loan.
    D. It has taken time for me to be settled in being in debt again.

    The loan is 3year and is manageable. We hope to only spend £9,000 of this and can pay the rest back early with no penalty and less interest. We will then kick it's butt ASAP. This loan will include a combi boiler & extra radiators (currently it's a back boiler), roof tiles, chimney pointing, DIY dampcourse, plasterer (friend), lounge floor (was terrible) and bits n'bobs. This is one spreadsheet I have been sticking to and cutting costs without cutting quality with time, effort, Utube and ebsy :)

    PS. - Due to not being allowed to release the £9000 from the mortgage and not changing from 24 year to 30, we are in effect still overpaying.

    PPS. - Best buy since last posting - Ik3a wardrobes at £250. Exactly what we wanted when visiting Ik3a but were over £600 RRP. Still look perfectly brand new and we fitted both in the car so no van hire.

    So, I'm back (again) but with a different purpose but same end goal. I need to keep reminding myself why I am called Elephanthchunks is because if I put too much pressure on myself I fail, small manageable chunks from now on.
    "Why not now, OK so when and how," ElephantChunks.
    Electrics re-wire savings Oct 18 - March 2020 WE GOT ELECTRIC!
    Heating Loan Sept 0/£5000
    SPC14 #65
  • PPPPS. The above post may sound rather flippant. We have seriously contemplated getting a loan over the past 3 months and beyond. We have spent years being frugal (ish) to save for our house deposit and small wedding, always buying 2nd hand where I can and reigning the husband in on his old ways of spending. I very much have always believed in don't purchase anything until you have the money for it. Which is why it has been difficult to come to this decision. On this occasion we believe we are adding a lot of value to this house which we purchased at a good price for what it is. I can't quite call it an investment because it is truly our forever home.
    "Why not now, OK so when and how," ElephantChunks.
    Electrics re-wire savings Oct 18 - March 2020 WE GOT ELECTRIC!
    Heating Loan Sept 0/£5000
    SPC14 #65
  • Elephantchunks
    Elephantchunks Posts: 211
    First Anniversary Name Dropper First Post
    Forumite
    edited 20 February 2018 at 11:16PM
    Todays achievements:
    *Application for new doctors sent
    *Change of address on Drivers license sent (finally)
    *Notified TV licensing of no TV
    *e-mailed TCB recommendation to a friend looking for new broadband. (we got £100 back within a month of joining EE and its only £18ish a month charge).
    *Purchased Allotment book, heeouge Complete Collins Dictionary and Your Money or Your Life for a £1 each from works charity book sale.

    I love my new commute and its getting lighter every day, there and back. There are a few lambs already and some cows are coming back out to play. We have oodles of snowdrops on the lawn and daffodils are starting to shoot up everywhere. Spring is close :)
    "Why not now, OK so when and how," ElephantChunks.
    Electrics re-wire savings Oct 18 - March 2020 WE GOT ELECTRIC!
    Heating Loan Sept 0/£5000
    SPC14 #65
  • All the frugal hard working financials of the past have made all this part possible. In 18months when you've made a big dent in the loan you won't even bat an eyelid at having had a loan!
    MFW: Was: £136,000.......Now: £61,892.24......
    Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34

    MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
    1% Mortgage Challenge 2022 - £157.59 of £650
  • greent
    greent Posts: 10,663
    First Post Name Dropper First Anniversary Photogenic
    Forumite
    I think the loan sounds perfectly reasonable - none of the purposes on which you are spending it are exactly frivolous - in fact if you weren't spending money on them now, you could be spending even more money on them further down the line (damp course, pointing, roof in particular) And living in your dream home but being cold? - pah, that's not on!

    Welcome back :) x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    Net sales 2024: £20
  • Elephantchunks
    Elephantchunks Posts: 211
    First Anniversary Name Dropper First Post
    Forumite
    edited 23 February 2018 at 10:00PM
    SJ and greent you have both seriously made a day that has already been great even better. Thank you so much! And you're right, if we put some of these things off they could end up costing us so much more.

    Firstly, the bad news - we had our first quote for a new boiler including gas and water connections and newly fitted (already purchased) radiators. And it was £6500!!!!!!!!!!!!!! We had budgeted £3500 tops.

    Now for the good news - we called the engineer that disconnected our other fire and he asked why we wanted to change the boiler, it is because we must have the gas fire on to be able to use the central heating so it takes a while to warm up at night and not at all in the mornings. Also we don't enjoy heating the water tank for a bath and wash so have just been using the electric shower instead. Well, he kindly informed us that infact we do not need the gas fire on with our type of boiler and if we heat water for an hour a day we'll have enough hot water for the usual washes and a bath. And although back boilers do cost a little more monthly, they last a lot longer than the usual 10 years for a combi so should work out similar cost overall. We feel a bit stoopid as we do a lot of research on everything else. We could have been more stoopid and paid £6500 just for a bit more comfort and vanity of nicer rads but we weren't actually going to. He's coming round next week to service our boiler and teach us how to use the stystem properly. Then we will be able to fit our own radiators, Woop Woop!! He may have done himself out of a big job but we will use him for all future gas and water work.

    More good news - 2x pairs of gold curtains for our bedroom have arrived and are beautiful, heavy and very well made. They did cost £50 each pair from ebsy but would be at least £100 each new. I love these alot.

    Even more good news - We have collected 12sq m of excellent quality laminate flooring FREE off Gomtree. That should do both the bathroom and toilet room which are currently nasty brown lino. Saving £250. Although, I had only budgeted £20 to do the toilet room floor.

    Good day & it's the weekend. Yay!!
    "Why not now, OK so when and how," ElephantChunks.
    Electrics re-wire savings Oct 18 - March 2020 WE GOT ELECTRIC!
    Heating Loan Sept 0/£5000
    SPC14 #65
  • SOunds like you stumbled onto a good tradesman! He'll end up making e nough out of you and youtr recommendations, and thats just how it should work!!
    MFW: Was: £136,000.......Now: £61,892.24......
    Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34

    MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
    1% Mortgage Challenge 2022 - £157.59 of £650
  • Busy busy busy. Finally sat in my beatifully finished sitting room/office/craft room, log fire is blazing and it's toasty warm.
    DIY/House budget is doing great. Two rooms down and the rest are stripped. Bedroom has been plastered by a friend for £123 - bargain! A few weeks ago the snow decided to get into our (still unfixed) roof so every ceiling upstairs leaked. Luckily, nothing was ruined and we hadn't decorated but the ceilings upstairs all need painting now and we've been without lights for a few weeks so that they can dry out. Roofer still promises he will come soon but wont give us a date.

    I've just been playing with my net worth spreadsheet and making it all colourful :)

    Here are my past entries:
    Nov 2004-2011 = £0 and -£0 = Renting, apprentice/minimum wage and OH made redundant 4 times
    Aug 2011 = £0
    Nov 2011 = £2000 saved towards house deposit
    Nov 2012 = Equity £12000 + Car 1 £500 = £12500
    Nov 2016 = Equity £17000 + Extra value in house £20000 + Loan 1 £1700 + Loan 2 £300 + Car 1 SORN £250 + Car 2 £3500 + Car 3 £1000 = £40,375
    Nov 2017 = Equity from payments £18000 + Equity from sale £10,000 + Car 1 SORN £250 + Car 2 £4000 + Car 3 SORN £500 + Car 4 £3500 + Tractor £700 + Other £500 + Savings £250 = £37,700

    It makes such a lot of difference owning and not renting. We are extremely lucky.

    Yes, a few too many cars ha! Now we have space and outbuildings we can fix the SORN cars up and sell for more. Just need time now! Some people don't agree with adding cars but I amend the values year by year and see them as a saleable asset so why not? Car 2 was originally purchased for £2000 but is actually going up in value. OH did keep telling me it would be a future classic, I'm starting to believe him now :o.

    So, back to my original point - Colourful spreadsheet - I've highlighted this years achievements and goals in pretty colours. The joy!
    Wins so far:
    Nov: Saved £500 in savings account
    Dec: Hit £29,000 equity
    Jan: Saved £1000 in savings account
    Jan: Extra £2100 NW in 3x months
    Feb: Match 2016 NW
    Feb: Above £40,000 NW

    You may have noticed I'm not including the heeouge loan on my NW. My choice. It's on another page and being serviced. My NW page is positive and going to stay that way. Plus I don't actually know how much of the loan we actually need to use yet so there it is (not). :rotfl:
    "Why not now, OK so when and how," ElephantChunks.
    Electrics re-wire savings Oct 18 - March 2020 WE GOT ELECTRIC!
    Heating Loan Sept 0/£5000
    SPC14 #65
Meet your Ambassadors

Categories

  • All Categories
  • 341.8K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449.2K Spending & Discounts
  • 233.9K Work, Benefits & Business
  • 606.1K Mortgages, Homes & Bills
  • 172.5K Life & Family
  • 246.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards