Simple, sustainable and slow: Glenda's MF marathon
in Mortgage-free wannabe
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Planned spendy day today but all budgeted for. Better get moving a clean the house before our guests arrive!
I think I may have had another LBM: I've been traveling through the excellent resources on the Frugalwoods blog, and have signed up for Frugal January, which gets me the daily email tips. I have been struggling with motivation re money saving, as it's much easier to focus if you are paying off a debt or saving for a particular event. Just building up savings or paying a bit off a 20+ year mortgage makes it harder to see the direct benefit.
However, I do have long-term goals, and I'm in the very fortunate position to be able to decide what I spend my spare cash on once all essentials have been paid for. I suppose I fell into the trap of assuming more spare money had to mean more discretionary spending, especially on treats for the kids. In reality, they will benefit from us having a more stable future, and they enjoy doing a mix of money-saving and spendy things.
I had a good chat with Dad, who is very like me on that he prefers to be in control of his finances and know exactly what is going on. Despite my parents being in low paid jobs and having to rely on credit for big purchases when we were growing up, they still managed (through careful planning) to pay off the mortgage earlier, save into pensions/cash savings/investments and retire a few years early. I'm on a better wage, and don't have any excuse to not do the same. Plus, I enjoy tracking my spending and being creative about not spending money .
It's time I actually thought about my long-term financial goals, and started matching my daily spending choices to ensuring they could happen. My anxious mind keeps telling me that things could go horribly wrong, but then the more I'm in control, the better I can weather any storms.
Gosh, that was a screed! Will be back later to post some mercifully short aims for next week .
I've also decided to reactivate my Evestor account and start my S&S ISA. £50 found in the budget so that will go out at the beginning of the month.
Right, goals for next week:
- Aim for a whopping 4 NSDs if I can manage it. It may mean trying for a weekend NSD which isn't always easy! Anyway, I should be able to manage at least 3.
- Grocery shopping: only get what I need for a week, check stores and MAKE A LIST
- Try to only check my budget/balance every few days rather than every morning, but input any transactions into YNAB immediately
- No frivolous spending! Frivolling last week was at an all-time low, so I'll try to keep it up
- Plan work lunches and outfits in advance to save time and money
Have a great week, all
Budget tidy means another £10 can go to the mortgage - Jan target met :j.
Today: need to buy train tickets for a family visit next month, and food shopping. Must. Make. List. We're going this evening, so a chance of YS bargains too .
- 3 NSDs, hoping for a fourth today
- Lunch to work every day
- Under budget on groceries (so far)
- Mortgage OP target hit
- EF target in sight (fab if I could get to 2K before next pay day)
Fairly quiet weekend planned, it's looking a bit dreary so indoor activities will be the priority.
I'm enjoying the Ultra Frugal Challenge - although it's oddly easier to not spend money when I have a bit spare. When I'm squeaking by with the budget, it's hard to keep motivated about spending. Much easier when I have the luxury of choosing between 'treats' and saving for future goals.
- Monthly 1% OP goal met
- £2000 in EF
- Savings pots on track
- Grocery and fun money spends on track and some small savings
- Another monthly 1% off (£134.50)
- £100 to EF (stretch goal 140)
- Top up savings pots
- £50 to S&S ISA
- Reduce grocery budget if possible
Other MS wins last month:
- New savings account opened with better interest rate
- S&S ISA opened
- Cheapo advance train tickets booked for mini break in March
I'm trying my best not to worry about how stable things are at the moment - I'd usually be fretting about the next crisis but I'm trying to enjoy the moment rather than worrying about things I can't fix. Work in progress .
- Grocery spends under £60
- Three NSDs
- Get outside every day
- Tidy any spare cash towards home 'pot' as I'd like to get rid of a few bulky items, which means a collection (our council charges for this)
Should be NSD1 today. Avoided paying out for coffee despite being out of the office this morning, and I brought a v tasty packed lunch.
Another small delay repay claim came through - I'm saving in the house pot this month so I can book an extra council bulky waste collection without budget shuffling. £13/£42 saved so far.
I am eyeing some Kindle books for train reading, but they are all under 99p so they won't break the budget . The main thing to watch out for this month is half term - time off with the kids always seems to be spendy.