Future Proofing my life: Deposit saving then MFW journey in under 13 years

savingholmes

I so relate on this. DS and I swapped a gift we were each given on Xmas Day shortly after receiving it. I told one sis I'd be giving half of her gift to DD before she even gave it - so I don't know if that is boundaries, progress or sheer audacity... Most of my gifts were exactly what I'd requested though so being clear with people can have positive results. Personally I like something to open...

FlacosFloozie

Think I may join you in the minimalism game. Hopefully help keep me on track for decluttering

LadyWithAPlan

Hope everyone had a happy festive holiday and best wishes for all for the new year and us all achieving our goals for 2024 including world peace.

I am a little hungover - was in a pub  for NYE with friends then drinks back at their's but my uber was only £15 home as it was pre midnight just ... we started early .. I spent about £60 all in all . 2 rounds of drinks, a bottle for the after drinks and £20 in transport  - not too bad given I was out from 4 to 12. 

2023 House deposit  -   £114,345.04
Year on Year  22 v 23  = £11,305.03  hse deposit increase including stock mkt movement  + £10475 saved into Sipp  in 2023
End of 2022   I said  'house deposit finally hit over £103k!  £103,040.01 to be exact 20/12/22'
So I have saved £11,305.03 over the  2023 year to my house deposit. 



EOM round up for Dec and some year end  figures .. I am pretty impressed with myself I have saved into sipp + house deposit as much as I actually have as it has felt like a difficult year with lots of still owed invoices plus lots of travel

Liking YNAB for the figures to hand on spending etc  and be easier to look back each month

Dec MB/casino  income £634.63    (i am up £300 today but I am not counting this as it is Jan wins)
I did have that largest ever win this month   - (between £1k and £1.5k)  approx  win  but I had given some back so in variance already.
2023 I made £3902  - all tax free
2022 £4991
2021 £4845.41
I am gubbed by loads now and cant do 2ups anymore so this is largely casino - I also travelled a fair bit and you cant do MB whilst abroad unless you have a internet blocker thing that I cant be bothered with
Total MB/casino profit  since Aug 20  (lost my excel from previous 2 years)  is now £20,952.19) so  over the 40 months £523.8 is what  I am averaging per month.
There is a small amount of sports trading in here as well

I am keeping my float at £1900 so I have moved this £634.63 into mainly hse savings  and £100 into sipp. (approx 15%) 

Free money/MSE/Cashback £206.82 over Dec
£80 of double up nectar, £60 bank gratia, cashback.. £25 PB win


SIPP  OVER £50K   Dec EOM £50,502.53!
I also saved into my SIPP   £10475.16 over 2023 
Dec EOM £50,502.53   vs   Nov EOM   £47,838.54       
Dec is largely up due to markets     = £2563.99 UP due to market surge alone 
 + £820 added via my ltd company over the Dec month (  vs £712.10 added in Nov  to Sipp)


Fire                            Not inc hse deposit..                            INC Hse deposit
V Lean fire                     16.87%                                                   53.98%
FIRE on £24k                8.43%                                                     26.99%


House deposit  -   £114,345.04 ) helped by isa market movements  £1282 up this month...
I am off to colour in 4 £500 squares This also includes my EF
It was £112,155.72  end November.. when I saved £1662.48 towards deposit  

I have only  added £341 into savings this month ...
I have a further £553 assigned for house savings (in ynab)  but not added yet  (or counted in my figures) as tax month and as my tax money is in my Premium Bonds along with some hse deposit   I may use this cash instead of cashing in some Tax PB's...
I have just sent over the Cov regular saver £250  for the month - 7% is the rate it is showing at present..
I now have the £200 going to h2b isa each month and £250 to the Cov Reg saver
I will have hit the £12k max in the h2b isa  by april  24  - shocking low rate of 2.27%!! 
so I can then start sending money out to a cash isa at probably double the rate.

ISA DEC EOM up £1282 with mkt movements so this pushes my hse deposit up (I have 20% of my hse deposit in a s&s isa ...)
I pay interest on my savings so ... and have a h2b isa - next tax year I can be more diverse.

NAV   £166,721.23 inc sipps
(includes cash and bank accts but no forex)


Dec spending -   Voluntary   £1275 comprising of:
Socialising £520.36  - including NYEve ..  
Fun including Xmas gifting £713.19 (xmas gifts were  £566.13 in Dec) 
Some extra I think are essential bit arent really eg Vitamins £42

This is compared against  Voluntary spending  Oct  £1625.38  vs my £1921.29 Nov - so I am down despite it being a v expensive month 

I am having a  largely dry January so that will help the social spend - though I have a friends birthday and also a 'we couldnt organise before Xmas'  Xmas party with friends  mid month so I may take 2 days as exception

Dec Grocery 
£37.63 (was away  for 10 days and also had 2 x HF meals which is £55 but in voluntary spending so really £92)

Bulk             £37.43 - mainly coffee...

LadyWithAPlan

I am too hungover to really look at goals after the last couple hours on my finances and adding all my MB up. However the main focus in 2024.

Buy a fabulous home I can easily afford
Be happy and motivated to achieve my goals 
Keep ynab updated to ramp up my savings.
Get a full month ahead on all bills.
Get back to training and fitness - get a gym streak going and lose those 10 lbs..
NO sweets, cakes, chocolate or sugary stuff in 2024  - my dairy allergy really kicked off 
Declutter Minimalism Game so my flat looks fabulous now & is easy to move/pack when I am ready
Finalise my tax return, get accounts paid up and up to date
Sort my study to make it work for my life better
Get new income streams which pay me regularly
Get my side hustle  stuff brilliant and market it
Get the programme finished and  out
Get in clothes course and learn
Make some art 

NSD 13 target 

Jan interest
Interest on h2b £22.53

Jan Grocery  £27/£175 and £0/£50 bulk
Just popped to Co-op and they had loads of YS meat/beef/sausages/meatballs/mackerel etc so £27 spent (i left loads for others) and  most now in freezer  for Jan healthy meals.

LadyWithAPlan

FlacosFloozie said:

Think I may join you in the minimalism game. Hopefully help keep me on track for decluttering

Great, its actually fun and makes a difficult thing happen in small chunks.

Loving the unwanted xmas gift conversation I buy a lot and receive loads too. I love a nice xmas stocking 
- i saw in 2022 i spent about £1100 on xmas gifts and food, havent tracked so well this year but its about the same.

KajiKita said:

South_coast said:

When you are freaking out about people buying you gifts because you have no idea what you are going to do with them - that's when you know you have achieved minimalism 🤣!

I know I haven’t achieved minimalism but I do find myself assessing gifts as soon as they appear and thinking, ‘Do I actually want this or will I CS it ….?’ 🤔
My mother gave me a truly hideous quilted bag for Christmas - it was beautifully made, but dear me, the fabric …. 😳 Even Mr KK blinked at it! 😂😂😂 That is being regifted to a friend who loves these kinds of colours and fabrics. I suspect if I ever see her house it will be somewhat overwhelming for me! 😉

KK

That bag sounds right down my street KK My home also resembles that festival of colour where they throw paint at each other.

CRANKY40 said:

South_coast said:

This is why I no longer do gifts. Have to say, I MUCH prefer Christmas without them 👍!

I buy for my son and best friend and that's it. My niece and nephews are November birthdays as is my son so it's like Christmas two months on the trot really. My sister and I started just buying for their birthdays but now there are great nephews and a great niece I put money away for them instead of buying for their parents. 

The way I put it to the rest of my family was "Would you rather buy ten £20 presents for other people and get a load of stuff back that you don't really want or is it a better idea to buy ourselves one really good thing for £200 instead?". They all agreed very quickly to stop and it also meant that anyone who couldn't afford presents anyway could stop without losing face.  

I dont buy for any friends any more - just the family inc the nephews and nieces. When they have kids i may rethink...

skint_spice said:

I got some gifts like this KK and I am already wondering how to dispose of them😂 they are still in a gift bag in the lounge as there is no way they are going upstairs 😂

If only my flat had stairs !! I was gifted  breakable  ornament things i dont like, I  have left with family but will resell once i get them home ....

savingholmes said:

Well done on decluttering even if there is plenty left to do, one day you will look up and find it is more manageable. It is getting easier for me.

I can't imagine having that many shoes. I have about 3 pairs I wear regularly and up to 7 others in the garage... That feels too many.

I  do know i have a problem  

Cheery_Daff

Excellent financial summary there, and some good intentions for the next year! Well done you!

LadyWithAPlan

SandyShores said:

I think I'll have to join you too - it sounds a fun way to get rid of stuff.  I like the idea of doing a 10 minute rush around to grab as many things as possible - a bit like supermarket sweep

It is exactly that  

South_coast

Do you have a Savers near you? They do quite a few vitamins in there. 

Great goals for 2024. I have decluttered a few things today as well!

LadyWithAPlan

South_coast said:

Do you have a Savers near you? They do quite a few vitamins in there. 

Great goals for 2024. I have decluttered a few things today as well!

I do but I take stuff thats quite specialised ... chorella, spirulina etc .. I will check it out though in case. TX SC 

Cheery_Daff said:

Excellent financial summary there, and some good intentions for the next year! Well done you!

It will be even better next year with a year of ynab ) Thanks - its too easy to make massive lists of resolutions I find,  then I cant possibly get them all done.

savingholmes

Happy New Year. You've achieved loads despite unpaid invoices. I too benefited from a Dec stock market surge. It all helps.

I have spent the whole day decluttering - including releasing 2 pairs of worn out shoes from the garage. Progress.