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    • EatingTheElephant
    • By EatingTheElephant 26th Jan 16, 7:50 PM
    • 1,282Posts
    • 7,008Thanks
    EatingTheElephant
    Time to get serious
    • #1
    • 26th Jan 16, 7:50 PM
    Time to get serious 26th Jan 16 at 7:50 PM
    Hello Everyone

    I have been reading this forum for quite a while now. There have been many mentions that a diary has helped many of you with your goals, so I'm here to join in and knuckle down.

    My oustanding mortgage is very small, that is not the real challenge!

    This year the mortgage will be gone, however we are really keen to move.

    Getting a mortgage for the type of house we want will be difficult, so the plan is to save as much as possible. It doesn't help that I am very impatient!!

    The initial focus is to clear the current mortgage and reduce the outgoings. On the 1st January it was 9400 and I was hoping to have it paid off by the end of the year. It is currently at 3900

    So far I have claimed credit back from energy suppliers, claimed outstanding expenses from the business and sent off scrap gold. Ate from the mealplan, there was lots of food left over from Christmas and used the nectar points at $ainsburys and T3sco points for food, claimed the cashback sitting in T0pCashback, scoured all the accounts to shuffle bits into the mortgage and bought virtually nothing all month (not sustainable I know!!).

    Off to hunt for the next financial area of focus....
Page 1
    • PrincessLou
    • By PrincessLou 26th Jan 16, 10:11 PM
    • 494 Posts
    • 1,918 Thanks
    PrincessLou
    • #2
    • 26th Jan 16, 10:11 PM
    • #2
    • 26th Jan 16, 10:11 PM
    Good luck with your diary!

    What type of house do you want and how much will you have to save?
    • EatingTheElephant
    • By EatingTheElephant 27th Jan 16, 6:44 AM
    • 1,282 Posts
    • 7,008 Thanks
    EatingTheElephant
    • #3
    • 27th Jan 16, 6:44 AM
    • #3
    • 27th Jan 16, 6:44 AM
    Thanks for stopping by PrincessLou, I'm quite excited to have a visitor already

    We would love a house in a more rural area where our horses could be closer. Ideally in the back garden, but that might be a bit of a stretch!!

    If I had to put a figure on it I think we would have to aim for saving around 300k.

    This doesn't seem possible on paper, but not a lot of things I have done have seemed possible so why change the habit of a lifetime?!

    I've checked the ofcom form to see if we would be better off on a water meter and it reckons we would save 38/m, so worth doing I think. This has now been requested with our local water board. Also digging out the paperwork for my existing ISAs so I can look at consolidating them and getting a better rate.
    • PrincessLou
    • By PrincessLou 27th Jan 16, 9:51 AM
    • 494 Posts
    • 1,918 Thanks
    PrincessLou
    • #4
    • 27th Jan 16, 9:51 AM
    • #4
    • 27th Jan 16, 9:51 AM
    This doesn't seem possible on paper, but not a lot of things I have done have seemed possible so why change the habit of a lifetime?!
    Originally posted by EatingTheElephant
    Reading the diaries on this board have really changed my view of what is possible when it comes to saving and overpaying. Some people pay off or save such incredible amounts within a relatively short period of time it astounds me.

    Have you saved anything towards the 300k so far or are you starting at 0? Do you have a time frame in mind?

    Maybe think about posting an SOA. It's a really good place to start on seeing where you could maybe cut back or change the way you are spending and everyone posts helpful comments.
    • SueP19
    • By SueP19 27th Jan 16, 10:09 AM
    • 1,699 Posts
    • 14,484 Thanks
    SueP19
    • #5
    • 27th Jan 16, 10:09 AM
    • #5
    • 27th Jan 16, 10:09 AM
    If I can go from 11 days to a repossession hearing last August to overpaying then you can get your house in the country.

    A wise man once said to me "Don't focus on the problem, focus on the solution"..................took me many years to understand that one and I was doing it without realising.

    So go for it and you will only ever get support here
    Mort Oct 15 70,353 66,422 MF Dec 31 Jun 31(191 176 mnths)
    EF 2016 700/1,000 Debt May 09 30,217Oct 17 14,093[/B]
    • SueP19
    • By SueP19 27th Jan 16, 10:11 AM
    • 1,699 Posts
    • 14,484 Thanks
    SueP19
    • #6
    • 27th Jan 16, 10:11 AM
    • #6
    • 27th Jan 16, 10:11 AM
    Thanks for stopping by PrincessLou, I'm quite excited to have a visitor already

    We would love a house in a more rural area where our horses could be closer. Ideally in the back garden, but that might be a bit of a stretch!!

    If I had to put a figure on it I think we would have to aim for saving around 300k.

    This doesn't seem possible on paper, but not a lot of things I have done have seemed possible so why change the habit of a lifetime?!

    I've checked the ofcom form to see if we would be better off on a water meter and it reckons we would save 38/m, so worth doing I think. This has now been requested with our local water board. Also digging out the paperwork for my existing ISAs so I can look at consolidating them and getting a better rate.
    Originally posted by EatingTheElephant
    What area are you aiming for because 300k would get you quite a bit round here
    Mort Oct 15 70,353 66,422 MF Dec 31 Jun 31(191 176 mnths)
    EF 2016 700/1,000 Debt May 09 30,217Oct 17 14,093[/B]
    • EatingTheElephant
    • By EatingTheElephant 27th Jan 16, 1:32 PM
    • 1,282 Posts
    • 7,008 Thanks
    EatingTheElephant
    • #7
    • 27th Jan 16, 1:32 PM
    • #7
    • 27th Jan 16, 1:32 PM
    OK first challenge I haven't worked out how to do quotes yet!

    I completely agree with what you have both said about the astounding progress made by people on this board.
    I'm hoping it will rub off

    Looking at the ISA situation last night I have around 24k saved already. I'm hoping DH still has an ISA lurking too. I did set one up for him years ago, but it may have been cashed in.

    Unfortunately 300K doesn't get you much around here, I'm factoring in that our house should provide some of the money needed too when we get to that point - though slightly apprehensive as have never sold a house before but shouldn't need to worry about that for a few years yet! (possibly 5?!)

    Going to try and nip out as the rain has just stopped, my steps have been pitifully low the past few days with the rain
    • EatingTheElephant
    • By EatingTheElephant 30th Jan 16, 6:29 AM
    • 1,282 Posts
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    EatingTheElephant
    • #8
    • 30th Jan 16, 6:29 AM
    • #8
    • 30th Jan 16, 6:29 AM
    It's the weekend at last.

    A bit of a hectic end to the week with a visit to the vets with the dog, parents evening and a dying 4x4. Menu plan needed shuffling to accommodate, but resisted the takeaways.

    DH does still have an ISA, although it has been earmarked for a replacement if the 4x4 is definitely dead, hopefully DH can resurrect though.

    I was hoping to take the dog for a bracing walk to the beach this weekend but he's still not feeling himself so will stay home and try to keep him resting. Easier said than done!! This should give me chance to catch up on paperwork and maybe doing a cookathon so there is plenty of food that can be grabbed in the week.

    There is also a 40th birthday lunch to go to, so will need to get a card and present for that.

    One of the horses needs a new thicker rug, I found the one I wanted at 90 under RRP so not entirely un-mse but it does reduce how much I can send over to the mortgage. Also decided one of the rugs I got at the start of the winter that hasn't been used can be sold. I'm thinking of trying a local FB horse group, not tried this before but hopefully will be better than eBay as no postage.

    I have 100 left over this month to send over to the mortgage, so will send that in a minute.

    Have a great weekend
    • Eager_Elephant
    • By Eager_Elephant 31st Jan 16, 10:12 AM
    • 4,336 Posts
    • 24,424 Thanks
    Eager_Elephant
    • #9
    • 31st Jan 16, 10:12 AM
    • #9
    • 31st Jan 16, 10:12 AM
    Hi


    Saw you on Sue's thread and thought I would pop in to support a fellow Elephant along the way!!


    I am loving your aspiration of a house with land for horses - Debt Free2012 has just purchased a farmhouse and some land and has just moved her horses on to the land so the dream can be done. She has a diary on here.


    I currently rent a house that I am hoping to buy - we have 4 acres which we rent within our village and we have chickens, turkeys, geese and at some points in the year we have pigs and sheep.


    The future aspiration is a house with land attached but in Suffolk we would need in excess of 300,000 for that so that is a plan for the future.


    Good luck on your journey!!!
    Ninja Saving Turtle No. 34 for April
    NSD - 0/15
    (up to 2/4/18)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • EatingTheElephant
    • By EatingTheElephant 31st Jan 16, 4:44 PM
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    EatingTheElephant
    Thank you for popping by eager elephant and for the words of encouragement

    Your setup sounds fab, would love to have chickens too when we get some land of our own.

    Great news, looks like DH has repaired the 4x4, so hopefully will get a bit more use out of it yet

    New ISA opened and transferred a previous one into it (same provider). The other smaller ISA is due to mature early part of this year so I've printed off the forms ready to transfer. Also set it up so I could compulsively check the balance on my phone.

    I started off the year thinking that it would be difficult to clear the remaining mortgage this year, however after such a great start this month I'm wondering if I need to aim a little higher.

    A new target has been set to add to the savings as well as clear the mortgage. I really don't think this is going to be possible, but better to aim high!

    I've been reading a few diaries over the weekend and I thought I would borrow the following from hiddenshadow for my end of month roundup.

    Mortgage (aim 0): 5,500/9,400 (56%)
    ISA (aim 30,000): 0/6,000 (0%)
    • EatingTheElephant
    • By EatingTheElephant 3rd Feb 16, 7:16 AM
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    EatingTheElephant
    Morning everyone,

    Everything is moving in the right direction. The regular mortgage payment has come out along with the 100 I transferred over at the weekend.

    Travel expenses for last month were also transferred across and a small refund from a horse insurance I reduced.

    Total today is 3,267.

    The MSE email came through today so I have signed up for the energy club switch to my existing supplier. I should save a couple hundred pound a year plus get 30 cash back, hopefully I'll get accepted.

    Quite tempted to sign up for the M&S bank account too, so will look at that later.

    The horse rug has made its way back to the house so I can photograph it for FB (a very small step in the right direction) and DH has wiped a techie gadget that I'm going to eBay.

    There is a mobile to send off too, I've found the best price for it (sadly only 30), but better than nothing. There should be another very old mobile around somewhere so will need to find that before sending off.

    Unfortunately an unexpected spend, DD has a job interview today and needed smart clothes with nothing really that suitable in her wardrobe, so frantic dash to M&S. It should be a good experience for her if nothing else, plus I'm really pleased with all the work she has put into preparing for the interview.
    • EatingTheElephant
    • By EatingTheElephant 6th Feb 16, 6:46 AM
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    EatingTheElephant
    A very wet & windy start to the weekend here.

    Nothing extra to throw at the mortgage at the moment but have stuck to the meal plan and had enough baked and prepared to see us through last week. I need to plan what to bake this weekend for next week. At least one type of soup for lunches and a tray bake of some sort.

    The rug has been photographed and added to some FB groups but no interest yet, maybe this horrible weather will spark some interest!!

    Not sure how much else will get done as have quite a bit of work to do this weekend, which long term will turn into and I really need to finish the quarterly accounts as VAT return due soon and I hate leaving it until the last minute.
    • EatingTheElephant
    • By EatingTheElephant 8th Feb 16, 7:50 AM
    • 1,282 Posts
    • 7,008 Thanks
    EatingTheElephant
    Terrible stormy weather here, I hope everyone is ok.

    I managed to get a lot done over the weekend, but still loads on my to-do list.

    I didn't manage to get any baking/cooking done apart from our meals but have got plenty of soup and other things in already so not urgent.

    I won't have to pay for my dog food this month as spent a few hours doing a favour for the dog food place this weekend, so have transferred over 100 to the mortgage.

    Listed an old phone on eBay as f0nebank only listed it as 1 - it is very old! Looking at sold prices I should hopefully get 6-7 for it on there.

    Also took some photos of one of the kids ponies to sell. (Kids are all grown up now - so completely outgrown). Probably the wrong time of year to try and sell but going to give it a go.
    • gallygirl
    • By gallygirl 10th Feb 16, 5:12 PM
    • 16,550 Posts
    • 109,319 Thanks
    gallygirl

    This doesn't seem possible on paper, but not a lot of things I have done have seemed possible so why change the habit of a lifetime?!
    Originally posted by EatingTheElephant
    That's the spirit .

    How did DD's interview go?
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = 0
    "Do what others won't early in life so you can do what others can't later in life"
    • EatingTheElephant
    • By EatingTheElephant 10th Feb 16, 8:00 PM
    • 1,282 Posts
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    EatingTheElephant
    Thanks GG

    Annoyingly she hasn't heard back from them, even though they said they would let her know the next day
    Hopefully a nice little pt job will appear for her soon before her next set of driving lessons need paying for!

    Sold old phone on the bay of e for 10 so transferred that across and posted other one to f0nebank, so should be able to transfer that when it hits the bank.
    • EatingTheElephant
    • By EatingTheElephant 12th Feb 16, 6:42 AM
    • 1,282 Posts
    • 7,008 Thanks
    EatingTheElephant
    It's the quiet time of month where there is not much movement in reaching the goals,

    I had confirmation through if payment for the phone, so just waiting for the BACs transfer to happen.

    Had an offer on the pony, not a very good one but it does seem like a good home, so hopefully that will happen over the weekend. It will be a very sad time to see her go.

    Having a look shp0ck after seeing it mentioned on another diary. Not sure if it will be any good but might try it out alongside eBay for the few items I do find to sell.
    Off out for a meal tonight catching up with friends and then again tomorrow with family, shouldn't be too expensive though.
    • EatingTheElephant
    • By EatingTheElephant 14th Feb 16, 7:09 AM
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    EatingTheElephant
    Very productive day yesterday. You know how you run round the house like a madman tidying up before people come over? Well I was doing that yesterday at the stables, when my Fitbit synced with MFP I was over 1000 cals burnt through exercise

    Not sure how to fit everything in today - in fact I know it just isn't going to happen so really need to focus on what I absolutely HAVE to get done today. Wish me luck!
    • EatingTheElephant
    • By EatingTheElephant 15th Feb 16, 6:41 AM
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    EatingTheElephant
    Another weekend flew by. There's just no enough hours to get everything done!

    Managed to get a pan of soup cooked yesterday for lunches this week, also managed to burn the second pan of soup do not so good.

    Checked BG and the energy transfer must have gone through as it says the tariff is collective rate February 2017, so hopefully should have some credit to shuffle into mortgage/savings in June as will leave DD at current rate. Should also get the cash back too at some point.

    We have a visit tomorrow to see if we can have a water meter, so that is progressing too.

    I didn't manage to get to the shops yesterday and we do need a few bits. Hopefully will do that tonight. Planning to take the tin of coppers down to change up too.
    Another eBay listing went on yesterday, still got s couple more bits waiting to add.
    Discovered accidentally that my old horse trailer shouldn't be used on the roads anymore (it's been parked up for years) so wondering if it has any scrap metal value.
    • jodles16
    • By jodles16 15th Feb 16, 8:39 PM
    • 1,315 Posts
    • 3,971 Thanks
    jodles16
    Sounds like you are doing amazingly well already! My mum and sister have horses, my mum has retired my little sisters old ponies so she has four now!haha. I tease her about collecting them, I am allergic so just go and visit sometimes! Hope your doggy is feeling better and DD hears about the job soon, nothing worse than having to wait around!

    Will pop back again soon,

    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (156,000)
    2016- Jan-177,472, Apr-173,195.04, July- 171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • EatingTheElephant
    • By EatingTheElephant 16th Feb 16, 8:59 AM
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    EatingTheElephant
    Thank you Jodles

    Yes I am guilty of collecting them too, but the little ones have to go this year - I have been saying this for years so although the first one going this weekend was very sad it is also a very big step for me!

    Money transferred to mortgage is now showing, so now down to 3012.48.

    Hoping to make it to shops tonight for a few bits so will change up copper tin whilst there and hopefully along with the cash I have in my purse I will not have to use anything from the bank account (leaving more to overpay at the end of the month!)
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