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

beanielou

Fantastic. So pleased for you. 

KajiKita

DrCarrie said:

Phew...that was a lot. The move was intense! A lot of hard work and aching muscles. I have had a whole week at work, in my new office - which is the first room that I need to decorate.  I am in there 40 hours + a week do... let's make it nice. 

I feel at home, it's amazing. I love it. 

I have got nearly 3K for bits and bobs for the house this month. I feel proud and happy. Need to look at that overpayment commitment, and how to do it. 

Awww … what a lovely post to read 😊 Congratulations 🥳 and how lovely to be feeling at home already. 

Think you are spot on about making your office your priority for redecorating - as you say you will end up spending a lot of time in there. But make ‘your’ spaces as well as the work space as homely and as you as possible as well? 😊

Looking forward to learning from you on the OPs 😊

KK

DrCarrie

There has been quite a bump in the road. It has caused quite a lot of disturbance this week. So there's a change in my management. I am very unsure about it. I have been upset and angry and had quite the panic. I wrote my resignation. 

A great deal of processing and irritation later, there is a bit of a change of plan. 

I have for some time wanted to go back to begin self-employed. I only had a short spell of just over a year. I was in debt then and there was a plan, but it wasn't a safe one. Now I have my house ❤️ I need to make sure there is sustainability. 

This work thing has got me rattled and I need to make a plan for ht next steps. So I think instead of saving for Windows/ new bathroom, I am going to save for an £11,000 emergency fund. I could live on that for 6 months. I could leave work and have an 11K fund to support my move into private practice.

I want to do this private practice regardless of the work thing, I was going to take a bit more time over it - if things come good I can switch back. 

So Mortgage overpayments will be £100, as will the home improvement fund. 

The private practice/emergency fund is about 1.4K per month. 

All budgets slashed again! 70% of salary on essentials. It is a shame about the windows though. 6

I could leave at the end of the summer. Very intense 7 months required. But super satisfying. 

I know this is the solution, it feels right, and it's a very flexible fund. 

I want more control in my life to do what I want to do, I used to do that by splashing the plastic, but this time, less risk and more control. Saving. 

KajiKita

Wow! That’s quite a week you’ve had! But, you have a vision and a clear plan which will carry your forward to somewhere you want to get to. That’s not so bad. Bet you’re glad you’d bought and moved before all this happened! 😊

Hoping you have a restful and restorative weekend to allow all the turbulence to settle.

KK 

DrCarrie

Many thanks, @KajiKita,  You are 100% right that,  I got the house bought and I am in. I was planning on doing this within the next 3 years with various iterations of stepping down in my seniority, and picking up private work, and doing the training I want to do. So I am just going in hard, and doing it all in a one. 

I am a bit sad that the house is not going to be as I want it as quickly as it would have been. But I really am changing all of my life by the looks of things.  

I forgot to say that I worked out my basic budget as if I had stepped down 3 grades.  

I have moved some money around and relabeled a pot and I already have 3+% in this private practice fund. 

Merlin's_Beard

The house will be there and waiting for you when you're ready. If work has suddenly become untenable then it makes sense to prioritise a "**** You Fund" that gives you the freedom of choice.

LadyWithAPlan

Talk about all change ! As you say at least you have your home and your mortgage .. and new windows can wait, far better to sleep well and have money in the bank 

DrCarrie

Blimey, it has been quite a time. There has been a big turnaround at work this week, just as I was about to leave, my mood has lifted, very significantly. Feel like I am getting back on track, I have been doing stuff, but its been a real effort. 

The sun is shining and things look brighter. I have made a new budget and hope to be back on track by June. 

KajiKita

That sounds really positive. Do you think the turnaround will be sustained?

Hope you enjoy the sunshine 🌞 

KK

DrCarrie

KajiKita said:

That sounds really positive. Do you think the turnaround will be sustained?

Hope you enjoy the sunshine 🌞 

KK

To be honest, I am not sure if this turnaround will be sustained. There are 2 top jobs going - it really depends on who gets them as to whether I will want to stay or not. I am not applying, I could do the job, but I want my health and my life! There is a lot of 'interim' in the air. 

I have a new interim job title. Private practice is still very much in the plan. I am making hay while the sunshine - have a less stressful role with the same salary and have some private clients. I have a plan for private practice - it will all be about how much I do employed and self-employed. But I feel confident and comfortable about my situation for now. 

I have a bit of an interim plan for the house- tart it up, make it mine, and then save for renovations. 

It's all about the interim!