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  • FIRST POST
    • Needhelpsaving
    • By Needhelpsaving 19th Jun 19, 11:35 AM
    • 954Posts
    • 3,611Thanks
    Needhelpsaving
    Our MFW Adventure!
    • #1
    • 19th Jun 19, 11:35 AM
    Our MFW Adventure! 19th Jun 19 at 11:35 AM
    Hi,

    I've had two previous diaries, but as things change and time moves on, so do our goals and aims. I set up my last diary in November 2016, and boy have things moved on since then! So, we're starting a new chapter in our MFW journey and with that comes a new diary.

    A little bit about us for anyone who hasn't met us before, we're a family of four, me (32), OH (37) and two DD's (6 & 1).

    We live currently live in the suburb of a major city, and over time would love to move to somewhere semi rural, but we need to get this mortgage out of the way first

    We refinanced our mortgage earlier this year (mainly due to Brexit looming, becoming a one income family and wanting to keep the certainty of a low interest rate), so we have a balance of £55,579.36 outstanding on a 5 year fixed rate product.

    This year will be a slow start, as we're getting married at the end of the year and are cash flowing the entire thing, no debts/loans etc.

    I will sit down with OH and look at our SOA and see if there is anywhere we can start looking to reduce spends.

    My first goal is to try to raise £79.36 before 31/07 as a token OP to move us forward.

    We're a quirky bunch and things don't always go as planned, but we're going to give it a try
    2020 Target - Pay Mortgage Down Mortgage Starting: £51,737.26 Currently: £51,737.26
Page 3
    • savingholmes
    • By savingholmes 14th Jul 19, 4:37 PM
    • 10,241 Posts
    • 21,406 Thanks
    savingholmes
    Hi - yes I have a diary - https://forums.moneysavingexpert.com/showthread.php?t=5787918

    I've been on and off the site for years. Trying to recommit and have a better plan this time I think too so hope to make it.
    During 2020: Target 1) £25,121 to be repaid in 2020 (0%) Now down to £24,703 Target 2) repay £1450 off (OP £102.51) mortgage now 144872 @1.7% Target 3) Set up SIPPs Target 4) Declutter 52 bags - now done 4/52
    • Needhelpsaving
    • By Needhelpsaving 15th Jul 19, 7:22 AM
    • 954 Posts
    • 3,611 Thanks
    Needhelpsaving
    Thanks Savingholmes, I've popped over to subscribe and will have a read this afternoon once DD2 is having a nap.

    Yesterday flew by, I had my first physio session for my back and visited grandparents. I did need to pick up some lunch bits and spent £6.79.

    The item I had sold was collected and paid for - £3 for the mortgage pot. Again, it was a baby item, which sadly don't hold their value as well as other things, so I am just looking at them as money for the mortgage and having space back instead of holding onto something 'in case' I could get a little more for it.

    I'm now at £74.26/£90.47 for my July target. £16.21 to go

    I have two more bits to list today, will check for competitions and surveys. I could also do with getting back into typing work as it's really dropped off the last few months.
    2020 Target - Pay Mortgage Down Mortgage Starting: £51,737.26 Currently: £51,737.26
    • savingholmes
    • By savingholmes 15th Jul 19, 8:58 AM
    • 10,241 Posts
    • 21,406 Thanks
    savingholmes
    HI - where do you get your typing work from?

    Well done on seling stuff - every little helps. We aren't on a repayment mortgage - just from time to time we make an overpayment or increase the direct debit by small amounts - even just doing that has knocked thousands off.
    During 2020: Target 1) £25,121 to be repaid in 2020 (0%) Now down to £24,703 Target 2) repay £1450 off (OP £102.51) mortgage now 144872 @1.7% Target 3) Set up SIPPs Target 4) Declutter 52 bags - now done 4/52
    • Needhelpsaving
    • By Needhelpsaving 15th Jul 19, 2:19 PM
    • 954 Posts
    • 3,611 Thanks
    Needhelpsaving
    HI - where do you get your typing work from?
    Originally posted by savingholmes
    I've PM'd you
    2020 Target - Pay Mortgage Down Mortgage Starting: £51,737.26 Currently: £51,737.26
    • Needhelpsaving
    • By Needhelpsaving 15th Jul 19, 2:29 PM
    • 954 Posts
    • 3,611 Thanks
    Needhelpsaving
    Good afternoon.

    I'm just grabbing 5 minutes peace while DD2 is napping.

    Today is going well. I took some inspiration from Earthgirl and got out into nature with DD2 - we went for a walk along a canal and ended up standing watching a baby Heron trying to fish (it was lovely to see), but I was very aware that I was getting some funny looks from the couple of people who passed by

    Other than stalking birds () I have been to one of the two libraries in our wider area to check out summer holiday activities. I've booked DD1 onto two free activities and have signed her up to a summer reading challenge. The other library isn't open today, so I went onto their Facebook page and noted down the activities we would like to book so that I can call them tomorrow.

    I have also looked at two swimming baths, again in our wider area to look at their free swim times and have noted these down too.

    I've also contacted a family member about us going to visit an older relative who lives in an area I am not familiar with so that we can have a day trip over to see them. I want the girls to see family, but it's not always that easy when there's distance and other commitments involved.

    So, all in all we're on track to have a fun, but frugal summer holiday

    In other news, I've rounded my account down by £1.47, so I now have £14.74 left to find in order to meet my July OP target
    2020 Target - Pay Mortgage Down Mortgage Starting: £51,737.26 Currently: £51,737.26
    • joedenise
    • By joedenise 15th Jul 19, 2:51 PM
    • 7,332 Posts
    • 52,226 Thanks
    joedenise
    Well done on getting organised for the long summer holiday. It's good to find free and cheap things to do with the kids all year round but especially in the longer holidays.

    You're doing brilliantly with your July OP target, nearly there and only half way through the month! Will you carry on if you reach it and make a bigger OP?

    Denise
    • savingholmes
    • By savingholmes 15th Jul 19, 8:22 PM
    • 10,241 Posts
    • 21,406 Thanks
    savingholmes
    My DD used to love the summer reading challenge - getting a medal - and in our case a photo with the local MP and in the paper.
    During 2020: Target 1) £25,121 to be repaid in 2020 (0%) Now down to £24,703 Target 2) repay £1450 off (OP £102.51) mortgage now 144872 @1.7% Target 3) Set up SIPPs Target 4) Declutter 52 bags - now done 4/52
    • Needhelpsaving
    • By Needhelpsaving 16th Jul 19, 6:00 AM
    • 954 Posts
    • 3,611 Thanks
    Needhelpsaving
    Well done on getting organised for the long summer holiday. It's good to find free and cheap things to do with the kids all year round but especially in the longer holidays
    Originally posted by joedenise
    Thanks I'm trying to plan ahead, as I have been finding that my lack of planning is usually the biggest cause of overspending.

    [QUOTE-joedenise;76038888]You're doing brilliantly with your July OP target, nearly there and only half way through the month! Will you carry on if you reach it and make a bigger OP?[/QUOTE]

    I think I will carry on and see how far I can get. More so because I had another sale at about 11pm last night, being woken up to a kerching sound coming from my mobile phone £8.06 to OP pot after fees and postage.

    I'm now at £83.79/£90.47 for my July OP target
    2020 Target - Pay Mortgage Down Mortgage Starting: £51,737.26 Currently: £51,737.26
    • savingholmes
    • By savingholmes 16th Jul 19, 9:14 AM
    • 10,241 Posts
    • 21,406 Thanks
    savingholmes
    Well done. You inspired me - and I have withdrawn £3.60 from Qu£dco which I will OP on my mortgage too. I have £146 tracked in there waiting to be cashed out - but if I get bigger lump sums - should pay off my CC really.
    During 2020: Target 1) £25,121 to be repaid in 2020 (0%) Now down to £24,703 Target 2) repay £1450 off (OP £102.51) mortgage now 144872 @1.7% Target 3) Set up SIPPs Target 4) Declutter 52 bags - now done 4/52
    • Needhelpsaving
    • By Needhelpsaving 16th Jul 19, 11:59 AM
    • 954 Posts
    • 3,611 Thanks
    Needhelpsaving
    Well done. You inspired me - and I have withdrawn £3.60 from Qu£dco which I will OP on my mortgage too. I have £146 tracked in there waiting to be cashed out - but if I get bigger lump sums - should pay off my CC really.
    Originally posted by savingholmes
    Either way it's all less interests going to the banks!
    Last edited by Needhelpsaving; 16-07-2019 at 12:09 PM.
    2020 Target - Pay Mortgage Down Mortgage Starting: £51,737.26 Currently: £51,737.26
    • Needhelpsaving
    • By Needhelpsaving 16th Jul 19, 12:05 PM
    • 954 Posts
    • 3,611 Thanks
    Needhelpsaving
    I'm a woman on a mission today.

    I've gone back through the house and have found more stuff to sell. Some more un-needed baby items, DD1 school pumps that were sent home yesterday (she's outgrown them and they're in like new condition given that they've been used for 1/2 hour a week for 30 something weeks). I've popped them on a quick wash first

    Yesterdays sale was posted on this mornings school run too.

    Isn't it amazing how when you're trying to meet a target, you start looking at things differently (what was 'maybe i'll list that in the future' is already online before anyone blinks ).
    2020 Target - Pay Mortgage Down Mortgage Starting: £51,737.26 Currently: £51,737.26
    • CosmoCat
    • By CosmoCat 16th Jul 19, 12:54 PM
    • 660 Posts
    • 471 Thanks
    CosmoCat
    Good for you! You're so close to your target, I know you'll smash it.
    MFW Newbie - #17. (#116 in 2019)
    New Mortgage at Nov 19 - £273 499
    Current Balance - £268 225
    Want to cut down 26 year mortgage by 9 years!
    New MF date 2036
    • joedenise
    • By joedenise 16th Jul 19, 1:08 PM
    • 7,332 Posts
    • 52,226 Thanks
    joedenise
    Well done. You inspired me - and I have withdrawn £3.60 from Qu£dco which I will OP on my mortgage too. I have £146 tracked in there waiting to be cashed out - but if I get bigger lump sums - should pay off my CC really.
    Originally posted by savingholmes
    I'd concentrate on the CC unless it's interest free as it will be at a higher interest rate than your mortgage.

    Denise
    • Needhelpsaving
    • By Needhelpsaving 18th Jul 19, 6:26 AM
    • 954 Posts
    • 3,611 Thanks
    Needhelpsaving
    Good Morning!

    I'm just dropping in quickly as we'll be away for the next few days, but I wanted to report that I've hit my July OP target! £90.47/£90.47

    As I work better with targets, I think I'll set a new target to be achieved by the end of August ... just need to work out what that will be.
    2020 Target - Pay Mortgage Down Mortgage Starting: £51,737.26 Currently: £51,737.26
    • joedenise
    • By joedenise 18th Jul 19, 6:50 AM
    • 7,332 Posts
    • 52,226 Thanks
    joedenise
    Well done on hitting your target so early in the month.

    Denise
    • Tahlullah
    • By Tahlullah 18th Jul 19, 7:20 AM
    • 1,046 Posts
    • 5,297 Thanks
    Tahlullah
    Hi

    Just read your diary. It is so inspiring. I will be watching and cheering you on along your journey!

    Tx
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    Owed at the end of -
    02/19 - £78,400. 04/19 - £85,000. 05/19 - £83,300. 06/19 - £78,900.
    07/19 - £77,500. 08/19 - £76,000.
    • Needhelpsaving
    • By Needhelpsaving 22nd Jul 19, 3:47 PM
    • 954 Posts
    • 3,611 Thanks
    Needhelpsaving
    Hi!

    We're back from a weekend away, which was lovely. This was our summer break with DD's as we've still got to finish paying for our wedding. We self catered, so out of pocket spends only included ice cream and a couple of coffees.

    I've spent the morning washing the clothes and getting them on the line while the weather is nice.

    While we were away, I spent some time thinking about this months OP goal (£300). I've gone big to try and push myself (please note that my definition of 'big' is relative to us being a one income household). It's going to mean a bit of creativity and discipline, but I'm going to give it a go
    Last edited by Needhelpsaving; 22-07-2019 at 5:19 PM.
    2020 Target - Pay Mortgage Down Mortgage Starting: £51,737.26 Currently: £51,737.26
    • Needhelpsaving
    • By Needhelpsaving 23rd Jul 19, 11:10 AM
    • 954 Posts
    • 3,611 Thanks
    Needhelpsaving
    Good morning!

    Thanks for dropping in Tallulah, really nice to *meet* you!

    I've had a productive start to the day;

    -Bank balances checked, balanced and CC paid off (wedding spends/xmas items bought in sales).

    - I have set myself a weekly budget of £50 cash for this week. I spent £4.31 yesterday on 2 bottles of milk & eggs and have been to Aldi today to get the weekly shop (£40.86, including a new mop bucket).

    In other news, I am almost at a payout point on both Ipsos and swagbucks so will try to get those hit by the end of the day. That would be £10 worth of income. I have also tried to get back into audio typing and done a couple of really short jobs yesterday (as I have been a bit lax of late).

    I think I need to find ways of keeping this fun and not feeling like a chore (because that's when I park up at procrastination station!).
    2020 Target - Pay Mortgage Down Mortgage Starting: £51,737.26 Currently: £51,737.26
    • Needhelpsaving
    • By Needhelpsaving 23rd Jul 19, 7:02 PM
    • 954 Posts
    • 3,611 Thanks
    Needhelpsaving
    Off the starting blocks currently at £17.48/£300 for my July/Aug 6 week OP target.

    £10 was from cashing out on a survey site and swagbucks, plus £7.48 from money in budget that had not been allocated.
    2020 Target - Pay Mortgage Down Mortgage Starting: £51,737.26 Currently: £51,737.26
    • savingholmes
    • By savingholmes 23rd Jul 19, 11:40 PM
    • 10,241 Posts
    • 21,406 Thanks
    savingholmes
    Great that you have kicked off with a higher target too! Enjoy the sun
    During 2020: Target 1) £25,121 to be repaid in 2020 (0%) Now down to £24,703 Target 2) repay £1450 off (OP £102.51) mortgage now 144872 @1.7% Target 3) Set up SIPPs Target 4) Declutter 52 bags - now done 4/52
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