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Minicruiser's cruise through life

Minicruiser
Minicruiser Posts: 6 Forumite
edited 29 December 2019 at 2:59PM in Debt free diaries
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Comments

  • twiggy86
    twiggy86 Posts: 2,682 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Firstly congratulations on your new addition!


    Sounds like you're off to a good start! Maybe a cupboard/fridge inventory would be a good step to stop you buying things you already have? I did a freezer one recently and found I had 34 sausages!!!
    Debt as at 5 June 2023 - £15,600.89
    Current debt - £5,555.00
    Total paid off - £10,045.89 (64% paid off)
  • I will be interested to see how you manage on your no spending rule. I decided to try to do the same a few weeks ago as I am a terrible spendthrift. Since then I have bought a table and chairs for the kitchen, a table and chairs for the garden and ordered a pair of trousers and a cardigan for me on line. and that's not counting the winter clothes I bought my GGS. At my age I ought to know better ( I'm a GGma) and I really wanted to replenish my savings after I loaned most of it to my DD and DGS. Will I ever change my ways?
    All that clutter used to be money
  • savingholmes
    savingholmes Posts: 28,997 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Welcome to the boards and good luck with becoming more frugal

    I used olive oil to massage into my baby's skin. Looking at your SOA you have a big figure in for nursery costs already - why is that? Is that money you could use to pay off your paypal credit instead and get it gone?
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • Hi Mini

    congratulations on the baby.

    Well done on reaching nearly 3 weeks. that's great work.

    i notice you did a SOA for when your DD starts nursery, yet there is only one income in the earnings field...did you bulk these together?

    I'm with you on the tea hording- it drives my OH potty the number of different teas we have.

    I also second the olive oil recommendation for dry skin, totally natural so no chemicals being absorbed into baby's skin.

    Good luck.

    SM
    debt consolidated 16/8/18 £9,788.01/£12,618.12 :( (Total debt at LBM 1st Jan '18 c..£19.5k)
    EF/FIT savings £97.24 Other Savings £12.17 House Deposit £4,762.64/£20,000 23.8% :D
  • You seem to be quite good at being frugal and have savings. I would ditch the lottery and do premium bonds instead.

    Just as a side issue it is a good idea to give your body 2 years to recover after pregnancy even without a cancer scare. I had 18 months between mine and had an ovarian cyst on my second pregnancy which required one of my ovaries to be removed and was told I had not allowed my body to recover between pregnancies which led to the cyst. My niece had the same.
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