DrCarrie's adventures in saving to be a mortgage-free wannabe

Hello, all new friends and old?

I am here for a new adventure, and to document my adventures. To notice new obstacles and turn them into paths. 

I have never been a saver. I am 50 and have never been a saver. I have been a spender. I have cleared my debts 3 times and spent significant windfalls. I have had 2 mortgages and now I rent (£895 pcm). I paid off the last of my credit cards (bar £25, which will go out as a DD mid-December). I am now ready to get back to securing my future and living a life with fun and frolics in the cheap seats. 

I have cleared 21K in debt in 26 months, it's been an adventure in ongoing spending less and earning more over that time. Learned a lot of lessons about what I want and what I need. I use the 50/30/20 rules for guide for my budget but my wants are 10% and my saving is 40% of my salary. There are lots of adjustments on this along the way. I am wanting to get 20K in the savings coffers for a new home  - in the Midlands (currently in Brighton), and 1K in the EF. 

I have secured an overtime rate and so I am hoping that I will be able to add a fair bit on top of the 37% of my salary going into the deposit pot (with 3% of my salary going to the EF). 

Part of my adventures are always about food, I used to be a chef,  and I am taking on a new challenge of 30 different plants a week...Tim Spector style. A new book is out, not bought it yet. Other adventures will be learning from the boards, making good use of my Season ticket when I have one, and my Network railcard. Airing myself out daily and generally doing things with not much money, or that are planned for. 

I am going to track the small wins and add them to the deposit fund. Like my round-ups and sweeps at the end of the month. Starting next month. 


Mortgage 17th of Jan 24 = £174,000
Escaping into Private Practice fund £330/£11,000 = 3%


  • Good luck
  • DrCarrie
    DrCarrie Posts: 864 Forumite
    First Anniversary Debt-free and Proud! Photogenic First Post
    edited 2 December 2022 at 7:41AM
    Thank you, CR, for the luck, and for stopping by. 

    I had an email from the energy company, telling me my statements are ready, so I had a look - very much in credit (and they put the £66 in my bank account). My usage is down by 55% on the Gas, and 23% on the Electricity, compared to the same quarter last year. I have minded bing purposefully careful, but not obsessive. 

    Feel a bit more secure in the knowledge of having a good cushion for the next quarter, likely to be the most expensive.

    I was going to buy an electric throw, but I have decided to just have a duvet and blankets with a hot water bottle when I am on the sofa, and at my desk, if need be.  
    Mortgage 17th of Jan 24 = £174,000
    Escaping into Private Practice fund £330/£11,000 = 3%
  • I think having a diary is so useful to keep on track and celebrate the small and big wins, especially as mortgages and house deposits are such big beasts.. I certainly have made and spent a fortune in the past so this new frugal me needs fellow MSE'ers to keep on track as I live in London so need a HUGE deposit.

    I am going to buy a heated throw as they also look fabulous but the faux fur one I want is sold out in Argos and as I have £40 of Nectar points I want to use against it, I am being incredibly self disciplined and not buying it from elsewhere. 
    There will always be a (beautiful stilettoed) foot in fabulous in LaPlan's life.
    I am choosing to be fabulously frugal to support some wonderful life changing and affirming financial goals including buying a London home I love.

    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things. You can’t really hack your way to frugal. You can and should take advantage of discounts, coupons, rewards points, and the like. But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.

    My March  streaks to track
    Track Minimalist game  items (Nov 310)   (Dec  95)  (Jan 90)   Feb 50
    Exercise streak  
    YNAB days:: Target 50 days -Age of money 29
    Track my NSD's - Target 13 days/ 0/13

  • savingholmes
    savingholmes Posts: 27,324 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Good luck on your journey.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26%
    2) Spend on handyman & external building works & new patio door £11.9K
    3) CC £3.7K on 0% spends card but offset by £34K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £9.6K/£127.5K AVC target 7.5% value @15/4
    5) FI Age 60 annual income target £13.7/30K 45.7%
  • DrCarrie
    DrCarrie Posts: 864 Forumite
    First Anniversary Debt-free and Proud! Photogenic First Post
    Thank you @savingholmes for wishing me luck and stopping by. @LadyWithAPlan - that sucks about the heated throw being out of stock. Hope they return soon, so you can snuggle. After being really poorly a the beginning of the week (when I was on leave), I am a bit more lively. Got some batch cooking on the go. Done a small amount of Christmas shopping and went to where I thought the mobile shop was to change my contract, to find it had disappeared along with several other shops in the shopping centre including Lakeland plastics. Money seems to be falling out of my Christmas and food pots at the rate of Knots!
    Mortgage 17th of Jan 24 = £174,000
    Escaping into Private Practice fund £330/£11,000 = 3%
  • Lots of luck in your new diary x
    Jan 18 Joint debts 35,213 - March 24 16.6k
    Mortgage Jan 18- 77224 Dec 23- just under 69k
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