Mission: freedom!

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  • Ponylover said:
    It is the first payday eve of the new era. I am amazed to say that there is £466 left in our account!
    Have to say I havnt really minded the skrimping and cost cutting too much (although I guess maybe its first month resolution- the novelty may wear out in months to come).

    Now to decide what to do with the money... I think the bulk of it will go into the emergency account. I would like to get 4k in there really (2 months wages for either me or DH). Then once I have that I shall start properly overpaying.

    Main priority though is keeping it away from DH.  He seems to be desperate to splurge our 466 'extra' ....argh!!!
    Well done, you're making a great start. Definitely stash the £466 before he can waste it. He'll thank you in the long run! 
    DMP - £3625/£15071.98 (75.94% paid)
    Emergency Fund: £1400
    Christmas fund 2022: £22.25/£5000
    House fund: £10000 plus £1800 (Help to Save) £710( ISA)
  • PonyloverPonylover Forumite
    85 Posts
    10 Posts First Anniversary Name Dropper
    Haha thanks Disney princess. It's been stashed! I wasnt brave on the over payment front- 430 went to the emergency fund and 36 went to overpaying the tesco loan (£2 interest rebate wahoo! Every little helps, literally!).

    Now to rinse and repeat and do the same this month.... no big spends anticipated for march so fingers crossed.

    Not much has been spent since payday due to being at work every day.  £150 was popped into emergency fund right away to ring fence it.

    Had to pay to use the toll road yesterday due to a wrong turn on the way to a course, argh! Hopefully work will let me claim it back in expenses. 

    DH and I have a rare day off together on sunday so looking to do with the kids that's also cheap. Weather looks awful but looking forward to it!
    January 2020- starting point! Update jan 2021
    Loan 1: £10798 £5637
    Loan 2 (DH)  £4586 £3280
    Credit card 1: £2496 £1755
    Credit card 2 (DH): approx £1000 £600
    Mortgage: £234,235 £227,746
    Total debt: £252,125  £239,018
    Savings approx £2k. Approx £9k




  • PonyloverPonylover Forumite
    85 Posts
    10 Posts First Anniversary Name Dropper
    Embraced the weekend off with cheap activities... doing crafts, baking. Spending time with the ponies and bike rides. Not a penny spent! Amazing. Turns out that day outs (although lovely) are not essential for a family day.

    The crafts activities had another bonus in that it got rid of a few kits that have been cluttering up the house for the last year or so.  The decluttering mission is also going well.... I just cant wait til car boot season now to get rid of the pile of 'stuff' that's currently cluttering up the spare bedroom!

    Checked balance of tesco loan this morning... its below the 10k mark (admittedly mostly by normal payments  but still nice to be under). 

    Its youngests birthday tomorrow. Taking her out to dinner (harvester- her fave). Not so mse but we have found a voucher :smile:


    January 2020- starting point! Update jan 2021
    Loan 1: £10798 £5637
    Loan 2 (DH)  £4586 £3280
    Credit card 1: £2496 £1755
    Credit card 2 (DH): approx £1000 £600
    Mortgage: £234,235 £227,746
    Total debt: £252,125  £239,018
    Savings approx £2k. Approx £9k




  • savingholmessavingholmes Forumite
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    Well done on having £466 left in month one. Are your jobs particularly at risk? How much notice would you get if you were to be at risk of losing your job? I only wonder whether you really need a 2 month emergency fund at a time when you have quit a bit of debt? Would £1K get you through most emergencies and allow you to reduce the interest you are paying - or are you on 0%? Best of luck whatever you decided.

    You wouldn't call a heart patient a failure for taking heart meds so why feel a failure if you take anti-depressant / anti-anxiety meds? If they help you function better - everyone around you will also be happier. I'm generally high functioning but on  tablets. Better than the version of me I turn into without them. I would at least go and talk to your doctor about how you're feeling. Alternatively consider trying to eat better, exercise, do hobbies, socialise more.... All of those can help with MH.
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
  • PonyloverPonylover Forumite
    85 Posts
    10 Posts First Anniversary Name Dropper
    Hi savingholmes. Sorry didnt get a notification about your reply.
    No my job is quite secure as far as jobs go,  it's just my recent anxiety issues have made me worry that I could lose it . 
    I've been back on the tablets for a few weeks now and am feeling far better :-)  what you say makes a lot of sense.

    I've had a bit of a blip day spending wise today. It was my daughters birthday party (her birthday was a few says ago and we went out for a meal on the actual day). The party activity had a minimum booking of 10. I invited 13 people as last year we had quite a lot of no shows so I expected the same. All 13 showed up! It was 20 a head so a bit over budget but seemed to be generally enjoyed overall. Then did the rounds visiting family and gave in to buying me and the kids a mcdonalds on the way home. Ooops! 
    Not being too harsh on myself though - putting it down as a birthday treat day. 
    Back on the bandwagon tomorrow!!


    January 2020- starting point! Update jan 2021
    Loan 1: £10798 £5637
    Loan 2 (DH)  £4586 £3280
    Credit card 1: £2496 £1755
    Credit card 2 (DH): approx £1000 £600
    Mortgage: £234,235 £227,746
    Total debt: £252,125  £239,018
    Savings approx £2k. Approx £9k




  • savingholmessavingholmes Forumite
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    We all have blip days and as you say you are juggling a lot. I was very grateful when those kind of party days were behind us.
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
  • PonyloverPonylover Forumite
    85 Posts
    10 Posts First Anniversary Name Dropper
    Was doing ok this month money wise but this weeks shop was quite a bit more expensive... shortages of our normal brands meant had to buy premium beans etc, ouch! 

    Glad that last week I got a 9 pack of toilet roll, its now strictly rationed in our house :')

    Just hope the panic buying settles soon 
    January 2020- starting point! Update jan 2021
    Loan 1: £10798 £5637
    Loan 2 (DH)  £4586 £3280
    Credit card 1: £2496 £1755
    Credit card 2 (DH): approx £1000 £600
    Mortgage: £234,235 £227,746
    Total debt: £252,125  £239,018
    Savings approx £2k. Approx £9k




  • edited 16 March 2020 at 8:55PM
    savingholmessavingholmes Forumite
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    edited 16 March 2020 at 8:55PM
    You're lucky there was any loo roll. You can't buy tissues or loo roll where I am and haven't been able to for a few weeks. You can't even order it if you choose it online. DS found his shop was more expensive too. I sent him some money and told him to stock up - he's at uni- as you just don't know how long this is all  going to go on for.
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
  • PonyloverPonylover Forumite
    85 Posts
    10 Posts First Anniversary Name Dropper
    Well what a bizarre and crazy couple of weeks.
    Family and I now on social isolation because husband has a cough and got sent home from work a couple of days ago. I dont think it's any more than a common cold as he has a snotty nose too and no tempreture, but rules are rules.

    Feeling frustrated as I HATE being cooped up and love being busy. I've got my laptop and work phone so working from home but it's not the same. Im a key worker and feel like I'm letting my team and the public down being stuck at home. 

    Really though I should be glad I have a job in all of this. I've ended up spending more on food the last couple of weeks as had to buy branded on occasions where I would buy own brand, but the main thing is we are not going to starve. 

    Will work on my positivity mantra and be glad for what I have!

    January 2020- starting point! Update jan 2021
    Loan 1: £10798 £5637
    Loan 2 (DH)  £4586 £3280
    Credit card 1: £2496 £1755
    Credit card 2 (DH): approx £1000 £600
    Mortgage: £234,235 £227,746
    Total debt: £252,125  £239,018
    Savings approx £2k. Approx £9k




  • savingholmessavingholmes Forumite
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    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    If you are staying home to not spread the virus - that's the new definition of civic duty. Hopefully by having these two weeks more rested - you will re-enter the 'fray' in a stronger position 
    Target 1) Clear CC debt - £1644 to go (but debt neutral) @ 0% Target 2) Lose weight & get fit 3) Write regularly 38113/70000 words Book 2 4) Develop passive income streams 5) Get to £3K EF 6) Declutter 7) MFW starting at £201999 Nov 21 with 264 262 payments to go. Now £200720. 8) Mortgage neutral progress (via private pension starting value c£3643 Nov 21) extra payments £187 including tax relief
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