FtbDreaming wants to clear £69,700 before Im 40 (2027)

FtbDreaming

Well I had just over £400... rounded the loft fund to £1850 paid £100 mortgage overpayment and kept £220 back for life. 

I’m hoping to have £100 left next Thursday which will be put in the loft fund. The emergency fund is going up £20 a week and it’s staying at that for now. I really wanna stick £5 in to even up the number but the 2 accounts have a £50 monthly limit and it’s a 5 week month this month so will have to wait until April! 

I don’t think there’s anything else going on! I’ve just took my dad for his vaccine. I sorted my uncle last Monday and my other uncle is booked for this Monday coming. I just need to text my last uncle to see if he wants me to book him too. One of the few perks of being staff is we can book friends and family in now. My dad got a call for his vaccine to a place about 30 miles away when he doesn’t drive and there are countless hubs in Liverpool 🤯 

MovingForwards

You've made good use of the money, distributing it around a few things is good.
Jab perks are useful, is that everyone all booked in now?

FtbDreaming

Yeah all my close family over 50. The wives are already done through their own jobs. I want them all done to protect my nan mostly. I won’t be sorting my cousins as I have to go with them every time and they’re all young so they’ll just have to wait their turn. I think 4 times is enough lol. 

Yeah I like to mix it up! I keep telling Myself I’m not going to overpay but I just love seeing the number go down and it’s saving money in the long run. If I keep hold of it it would probably get frittered away in McDonalds and on Roblox anyway if the kids had anything to do with it! I will be glad In the longer term! Xx

MovingForwards

Look after the older ones, as you say the younger ones can wait and sort themselves out.

Keep treating savings as another bill to pay, the mental separation stops frittering. Nothing worse than wondering where money has gone without something physical to show for it.

FtbDreaming

Good morning! I’m just enjoying a morning cuppa on my own In blissful silence! I have a very grumpy family this morning and last night as I ran the food down to barely nothing! Well there’s still loads if you was poor but these are spoilt and like loads of visible convenient food instead of putting things together.. so anyway I’m off to the aldi shortly. 

I really have be some averse to shopping. It’s nothing to do with covid and everything to do with MSE. I just hate buying so much junk all the time. 

I’ve just paid £50 off my credit card so it has £750 left to pay before the end of June when the 0% ends. I’m just paying the odd £50 it’s come down easily! I am confused as to what happens when the 0% ends. Do they do new offers or is the card useless then? I won’t be paying the 37.7% ever!

I spent yesterday painting the shed! All the white is now fresh again but the black gloss I’ve done will need a couple of coats a week or so apart. Yesterday was glorious and today it’s lashing down again but there’s plenty to do inside. 

I lived in this house 8 years before I bought it. Apart from a bad mouse problem that we spent a lot of money to resolve it was pretty low maintenance. Anyway now I own the house it’s starting  to go tits up! The boilers been making horrendous noises for about 4 weeks and is currently dripping into a mop bucket. The kitchen rot seems to have accelerated and making the house stink (the kitchens been bad for years but the HA wouldn’t do anything) and I was in the bath the other night and when it’s full of water and me (13.5 stone of me) it’s dropping about 5mm below the tiles so I’m thinking the floor joists are rotten underneath the bath and I’ll probably end up in the kitchen one day soon 🤯

sooo I don’t know what I’m doing! I’ve got just over £2000 saved which was for the loft but I’m starting to think the rest of the house needs prioritising. Bathrooms are cheap enough I think I could do one for less than £4000 and that would be fancy. I keep seeing this boiler grant for people on tax credits and I don’t know how good or true it is.. but before I decide on the boiler I need a 100% definite decision on the loft because if we do the loft we want the boiler up there. 

The kitchen was always planned to be done on finance as I don’t want to scrimp on the kitchen so that’s not gonna be this year anyway. I am debating stripping it back to the bare bones though just to get rid of the smell. I can get a catering sink and racks for a couple of hundred quid that will do the same job. 

I bet people read my thread and think I’m bipolar! I toss from this to that in my head but all I am doing at present is trying to accumulate some money then actual decisions can be made! 

MovingForwards

Tell the kids to go and earn if they want convenience foods 😉

CC offers vary company to company, mine keep offering 0% details but they are only short and also for balance transfers. Keep it as it all goes towards positive credit history. Also use it occasionally and pay off in full each statement date, no interest is payable then.

Focus on maintaining the house rather than the loft. The latter will get done, it just takes a bit longer. Get an independent / local gas guy out to look and fix your boiler.

If you strip your kitchen back, it may make remortgaging extremely difficult; working kitchens and bathrooms are the things lenders insist on.

We all flap around like fish out of water with our ideas, don't fret about what anyone thinks!

Bluegreen143

I still wonder if you need the loft doing, only because by the time it’s done how many years will be it be til your eldest is an adult ad hopefully moving out? At such a big cost for a loft conversion to only benefit for a few years really. Obviously it’s 100% personal choice but I think if I was in your shoes I’d make the kids just keep sharing and do the other bits you’d like ie the bathrooms and kitchen etc.

FtbDreaming

Thanks for both the replies!

@MovingForwards I won’t be remortgaging in the next 5 years as the HA put a charge on the property to stop me doing so as part of the right to acquire. I do know a boiler man who my dad used to work for if needs be but I’m really interested in the government boiler scheme if possible. 

@Bluegreen143 I completely agree with you to be honest but I have been promising dp and the kids for that long I need to at least look willing, whatever the funds end up as I still need to save anyway lol but I’ll call it the loft fund for now. 

I will have to prioritise the bathroom as that’s potentially dangerous if it fell through and one of the kids was in I’d never forgive myself. I’m thinking whilst dp isn’t working (and he hasn’t worked for a long time) then that’s the reason we don’t have the money yet. In another year I’ll have to move onto bribery or something else to get the girls to share but as you say they’ll be left home soon enough. 

My next door and back neighbours both have garden rooms so that would possibly be a much cheaper and less messy option for dd1 if they really can’t share. At least they’d have separate chill space. 

I don’t seem to be making any progress as dp just isn’t on board with anything. He hasn’t contributed anything money wise since I bought the house and has basically downed tools too where he used to be quite handy. He has earnt bits of money but spends it mainly on himself or gives it to the kids. I think it’s a bit of insecurity on his part as I bought the house in my name only but I do treat him as equal in every way but now he seems to have a bit of a bad attitude towards me. We had words earlier over ladders 🤯

Xxx

MovingForwards

You can still have the boiler in the loft, just have it moved a bit if you do the conversion.
A lot of people shared a bedroom with a sibling, it doesn't harm them and also teaches compromising.

It's amazing how having one name on the deeds unsettles some people. You've clearly been together for years. Hopefully his mood will pass, especially if you make noise about paying contractors and it taking the money away from doing other things.

FtbDreaming

Yeah the boiler will be going directly above where it already is so nothing too complex and can do a loft conversion around it if we do it. 

Yeah I kind of understand how he feels as the last house we had was in just his name and when we’d argue he would pull rank and say it was his house but we are a lot older now and don’t have as many bad patches but either way this house is the kids home not mine or his. We’ve been together 18 years in June so a lifetime for some. I don’t want to get into slagging him off on here as it generally doesn’t have a good outcome but I am bloody frustrated today!