Babystep 6

BabyStepper

Time for some goal setting...

I'm thinking it would be a good idea to have the EF fully funded in time for Brexit hitting on the 1st of January. That means £7,100 in the next 5 months. I'm expecting my final SEISS grant (around £1,700 if I'm lucky) at some point this month and I could put all of that in. That would leave £5,400 to find, or £1,080 per month. I have no idea if this is possible or not but no harm in trying, right? 

Mortgage overpayments will stay at £50 per month unless things go extremely well work-wise and I have a dramatic increase in salary. However, I'll start 2021 in a good position to make much bigger overpayments. Hopefully. 

BabyStepper

So after loads of effort getting a signature to save, now it won't do anything at all. I get very fed up with all the glitches on this new site. It does my head in and there doesn't seem to be anyone to ask about it. 

Can anyone help? I'm going to my profile -> edit profile -> signature settings -> filling in the box -> save. sometimes it works, sometimes not. 

ruby_eskimo

Well done on the first OP.  I think it's sensible to try and get your EF funded as well as you can.  With Corona and Brexit looming, who knows what our finances will look like this time next year.

As for the signatures, that's the right thing to do.  I desperately need to change mine but every time I do there's an error!

savingholmes

Mine works. Are you using a computer or phone. It tends to work better on a computer. 

BabyStepper

Thanks ruby_eskimo, it feels good to have made an OP, even a tiny one, but I agree, who knows what the future holds, I'm a bit scared to think about it. 

savingholmes, I'm on a laptop. I'm wondering if I should open mse in a different browser and see if it works then. I'm not the most IT literate but I'll give it a go. 

BabyStepper

I did it! The other browser fixed it, meaning it's nothing to do with glitches on here. Oops. One of my bank accounts will only let me login with one particular browser. I tried resetting the settings but nothing has worked. Never mind, at least it's done now. 

BabyStepper

I got my car MOT-ed this week and it came in at £529, so only £29 from the budget and the car fund is now £0. I'm going to top it back up immediately from the SEISS money when (if?) it arrives. It's good to have that out of the way. 

We have an unexpected house repair that is going to cost £2-300 and I still haven't made my mortgage overpayment this month. That SEISS money is currently being spent 5x over in my head - it definitely won't all be going to the emergency fund. Ah well, still progress in the right direction.  

savingholmes

Well done for having savings. I know what you mean about spending £ multiple times in your head. That's what got me here. Hope you get the home repair sorted quickly.

Viking_mfw

I have just finished reading your DFW diary. So impressive! You totally smashed that so looking forward to seeing your MF progress. You also reminded me that I need to think about pension set up for my DH who hasn't had one since he gave up work to be a stay at home dad, so thanks!

BabyStepper

Thanks for the support everyone.  Viking_mfw I can't believe anyone would read my whole diary, you deserve a medal, or a strong drink, whatever works. Yes, pensions are a nuisance to try and navigate but now I have one going, I don't need to worry about it so much. Sometimes feel too sensible for my own good.  

In August I decided to throw everything at the EF, that currently stands at £4,700. This was mostly due to just feeling overwhelmed and not knowing what the right thing to do is. There is nothing in the car fund but I'll top that up this month. I possibly have some more work happening, fingers crossed, but overall we are solvent, able to save, and I'm counting my blessings neither of us has completely lost our jobs. 

I haven't overpaid the mortgage. The reason for that is OH may be relocated for work, which means we might need to move house 200 miles north. We don't know yet and it might take some time to be figured out, but I have a new focus, saving as much as I possibly can to cover any costs associated with this. I have 'the millionaire next door' in my head saying that moving house too often is a sure way to waste your cash, it's so expensive, if you can avoid it that would be better. But the commute would be unmanageable from here and needs must. He's going to ask about help from his employer with relocation costs but it really is not a good time for things like that.  

I just need to see how it all pans out. I'm pleased the EF is looking so big (almost half way) but with potentially large expenses coming the goal posts have just changed completely. I need to keep paddling, saving money, cutting back, getting every penny I can to stay in the bank. Who knows, maybe the move won't happen, but if it does I want to be as ready as I can be. 

Hope everyone is staying safe and well.