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  • FIRST POST
    • greent
    • By greent 26th Mar 10, 1:46 PM
    • 8,189Posts
    • 83,198Thanks
    greent
    greent's mfw journey
    • #1
    • 26th Mar 10, 1:46 PM
    greent's mfw journey 26th Mar 10 at 1:46 PM
    Afternoon all!

    I have been inspired after reading lots of the diaries on here to join in.

    Background: OH and I are both 40. Have 4 children (12, almost 10, 4 and 10 months) OH was made redundant twice last year and recently started working as a contractor on a daily rate (4 month contract, may be extended a little) - so we now have a limited co of which we are both directors. I no longer work. We have a BTL property on which we have an interest only mtge and will clear that by selling the property (only bought for capital gain, not income, purposes) BTL property has long term tenant in. Rent covers mtge and buildings insce and repairs/ renewals with a small excess - but not much.However, it's on a fixed rate and takes care of itself.

    MFW relates to our home. Bought in Oct 2005 for 277k, 130k mtge over just under 16 years (kept previous end date) Since then we have added a further 30k to the mtge for a loft conversion (needed due to the no of children!!) that cost approx 35k. We have also spent 20k+ on a bespoke fitted kitchen and building work - but financed that from savings/ income. And decorated and new carpets (previous owners ran out of money and had to sell, so place was full of stuff to do, even though it's still only 11 years old!) Some overpayments have been made, as can be seen from the overall balance.


    OUr mtge is with C&G. I have a statement for balances as at 31/12/09:
    (Balance as at 31/01/2009 was £124 616, so we reduced the balance by just under 20k last year)
    Sub Account 01
    Term remaining 12 years and 7 months.
    Fixed rate 4.79% - until 30/09/10
    Balance £79512.27

    Sub Account 02
    Term remaining 13 years 1 month
    Fixed rate 3.99% until 30/04/11
    Balance £25423.78

    Sub Account 03
    Term remaining 12 years and 7 months
    Fixed rate 4.79% until 30/09/10
    Balance £33.32


    TOTAL BALANCE: £104969.37

    We can repay by 10% a year without incurring penalty fees. We pay £1074.94/ month - this includes an element of overpayment, but I'm not sure how much (we didn't reduce our monthly payments when we paid off £12500 after DH was made redundant the first time)

    My first step is going to be repaying Sub Account 03 We are with C&G, so I will phone them up about this. I can also afford to repay £4k to £5k from sub account 01, I think - but will leave that until after a meeting with our accountant (we are not sure yet exactly how much OH will be paid from the linited co)


    I'm kind of looking for advice/ ideas, I guess... Would posting an income/ expenditure budget be an idea?

    greent


    ETA: We don't have any other debts. CCs are used (Tesco ones for Clubcard points for rewards) but are paid off in full.
    Last edited by greent; 25-05-2010 at 10:41 AM.
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786 12/18 £54829 2019 OPs (#18) £3757/£5K
    Net sales 2019 £518.64/£500
Page 107
    • Hazelnutty
    • By Hazelnutty 18th May 19, 3:22 PM
    • 245 Posts
    • 1,210 Thanks
    Hazelnutty
    Hey greent we're in a grammar area too. Some of DD's classmates have been tutoring since yr 3 and she'd been lobbying me for it too but I'd held out as I thought it was just too soon and too much (she's yr 4). It's definitely a different level of competition from when I went to the local grammar - as you say there are now people coming in from much further afield and people have stepped up their prep as a consequence. Anyway, I finally agreed to a tutor (like you it doesn't sit well with me) but then DD decided she'd rather go to the local comp (luckily outstanding but as a result hugely popular and we'd only qualify by distance, so it's not guaranteed). I think it was partly that she's bright but not driven by academics and partly that we'd heard a lot from other parents and kids that the pressure that the grammar school is putting on pupils for the top grades is causing a lot of mental health problems. We decided it was her call and she's tutoring only (small group) for confidence now, no homework or tests. I wouldn't have been able to afford it but my dad's helping out. Like others have said, this is the system we have, so you've made the right decision for your son
    Choose kind
    MFW 2019 #103
    • Tahlullah
    • By Tahlullah 19th May 19, 9:04 AM
    • 1,046 Posts
    • 5,280 Thanks
    Tahlullah
    And what an awful education system we now have. Where there is a clear split between the haves and the have nots, and it isn't even a choice thing any more. A parent has to be in it to do the best for their child. Whereas the have nots make do with a lower quality education. Awful, awful. You do the best for your family and you should be pleased that you can and do. This is the world the children will grow up into.
    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.
    • Brodiebobs
    • By Brodiebobs 19th May 19, 12:04 PM
    • 862 Posts
    • 3,448 Thanks
    Brodiebobs
    It’s such a difficult decision-ours have both had tutoring from year 5 but for addition support that school can’t provide for their needs, rather than grammar prep.

    In our local area from when I left 20 years ago two high schools have closed and the comps left have almost either doubled or tripled in size, luckily they’re quite good but all encounter issues with bullying and behaviour I think because there’s just so many children! Competition for the Grammars is huge, I think last year there were over 1500 took the test for less than 300 places, and a lot of the privately educated juniors take those places.

    We can only do our best for ours can’t we!
    Addicted to MSE.
    Overpaying mortgage for a better debt free life!
    • brizzlegirl
    • By brizzlegirl 26th May 19, 10:45 AM
    • 854 Posts
    • 5,787 Thanks
    brizzlegirl
    Hi great

    Hope the revisers are doing OK and the house is calm. All going OK for DD2. Certainly her attitude is good and she is aiming to do herself justice which is the main thing. She's looking tired though so think we will have another two sleepovers max over the next week

    Enjoyed the weather yesterday, had nice time in the garden relaxing (rather than doing work in it!) but today its dull and raining.

    Have a good week

    Brizzle xx
    MFW..aiming to pay it off in 2022 2019 Savings Rate - Goal 40% 27.5% September 21% August 37% April 54% March ] Income Goal £301/£750 Oct Goals: AFDs xx/25 Decluttering xx/60 LSDs xx/10 NSDs xx/05 Oct Exercise RT xk xx/15 12k steps per day pls Aiming to be a true Frugalista!
    • greent
    • By greent 28th May 19, 10:41 PM
    • 8,189 Posts
    • 83,198 Thanks
    greent
    We have about 2500+ students take the 11+ entrance test for Glos grammars - we do have 7 grammars in the county, though.

    DS3 is getting on fine so far - although we have some catching up to do - esp on comprehension - he's really not a fan of reading, sadly I'm now wishing I'd started him there back at Xmas.....

    So DD is back now until Sept (she'll be going back to her flat in June to clean it ready to hand keys back), DS1 is in the middle of his Y1 uni exams and DS2 is (sort-of) revising for Y8 end of year exams. A quiet half term here as a result! DD and I have been deep cleaning/ sorting/ tidying the kitchen and a surprising amount of stuff has gone to CS, some recycled and 2 things she has nabbed for her uni kitchen I have 2 large empty Amaz0n boxes which I'm aiming to fill before delivering them to CS.

    DD's also been sorting out things in her room - about a carrier bag full has gone to shoebox appeal and a smaller pile to CS boxes

    OH has today been offered a 3 month extension at his current contract - and has been told he can up his daily rate He's also going to ask about a definite day a week at home - that will massively improve things - he is so tired on a Fri night at the mo, so half of Sat is then written off as he sleeps in.

    Exam season well and truly underway - I've been doing some of them at a student's house - which is.... different, to say the least. However, it will mean a small boost at the end, as I'm getting mileage and also travel time is paid. Am still looking forward to the end of exams, though!

    Attended a family wedding at the weekend - have another one in mid June - always love big family parties - they should happen more often!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786 12/18 £54829 2019 OPs (#18) £3757/£5K
    Net sales 2019 £518.64/£500
    • debtfreeoneday
    • By debtfreeoneday 29th May 19, 5:10 AM
    • 3,057 Posts
    • 10,581 Thanks
    debtfreeoneday
    Sounds like a productive half term!
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £77,993.33
    • Karmacat
    • By Karmacat 29th May 19, 8:19 AM
    • 32,404 Posts
    • 191,546 Thanks
    Karmacat
    Things are sounding good, greent - especially OH's extension and changed hours. Invigilating at a student's house *does* sound different but access means stuff like that may need to happen, absolutely
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
    • greent
    • By greent 29th May 19, 10:21 AM
    • 8,189 Posts
    • 83,198 Thanks
    greent
    Yes, Kc - contract extensions are always good! I'd rather a day wfh than an increase in money, tbh, so he's going in with 2 options - a high price with 5 days in the office and a lower (but still increased) price with a day wfh (He does manage to occasionally wfh - eg: DS3's bday, but having an 'official' one makes it easier)

    Access arrangements for students mean all sorts of things are accommodated - I have no problem with the principle of invigilating a student in their home - I just personally wouldn't want to be the one doing the invigilation again!! It makes for a longer day, being in someone's home feels intrusive (and the logistics of loo breaks for either of us are more complicated! ), there is (for this candidate) no definite end time (obv there is a maximum time they can *do* the exam itself - but there are breaks involved for this candidate, expending the length of time there) so it can be quite a long time there (stomach rumbling...…) - and I miss working with/ seeing other members of the team - I'm in and left before most of them are in on a morning and then I return at odd times of the day when - if anyone is in - people are invigilating other exams. I'll happily work 1-on-1 in school for whatever reason (eg: scribing and/ or reading for a candidate) but it's lonely (and - frankly - boring) doing it in a different environment! However, it is really good that such arrangements are possible - which is definitely a Good Thing!

    Today's plans have changed - nothing exciting, though - I need to get the VAT return done. We've changed accounting software, so I want to run it through both (old and new) to check they match - double the work, yes - but it's a belt and braces approach that I've got the new system sussed (I've been teaching myself as I go along ) I also want to get the smaller 2 to the barbers (both are very fluffy looking) and then DS3 has 11+ session this evening. I suppose I should get off here and get my files out...… sigh...…
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786 12/18 £54829 2019 OPs (#18) £3757/£5K
    Net sales 2019 £518.64/£500
    • brizzlegirl
    • By brizzlegirl 2nd Jun 19, 9:53 AM
    • 854 Posts
    • 5,787 Thanks
    brizzlegirl
    Glad alls good and that there is a contract extension in the offing with the joy of a day WfH. Not commuting makes such a difference to mood and energy levels I think. certainly I am really benefiting from it at the moment. Almost feel human again after 6 months of 2/3 days of travel rather than 5!

    Yes think we'll all be glad when exam season is over

    Have a good Sunday

    x
    MFW..aiming to pay it off in 2022 2019 Savings Rate - Goal 40% 27.5% September 21% August 37% April 54% March ] Income Goal £301/£750 Oct Goals: AFDs xx/25 Decluttering xx/60 LSDs xx/10 NSDs xx/05 Oct Exercise RT xk xx/15 12k steps per day pls Aiming to be a true Frugalista!
    • chumpy45
    • By chumpy45 26th Jun 19, 3:36 PM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    I have had my first taste of invigilating GCSE this year. I was a reader/scribe and for one group lead invigilator which was scary! I found the reader/scribe duties really long and boring as in all cases the student didn't take advantage of my services and they had 50% extra time. The paint on the wall was really not that interesting !!
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • greent
    • By greent 29th Jun 19, 8:04 AM
    • 8,189 Posts
    • 83,198 Thanks
    greent
    Haha, chumpy! - yes, one-on-one work can be boring - I learned a famous poem 2 summers ago, as a copy was on the wall of the room I did a lot of one-on-one invigilation in - I then had to recite it at our end of exams lunch as entertainment! As above, I spent a lot of this year's GCSEs (well, nearly all the core subject papers) at a student's house - looking at their dining room door - staring at them otherwise for 3 hours at a time was harsh on both of us!! (I found out last night that there are probably 2 more candidates in the same situation for next Summer - I don't want to do it again!!!)

    I quite like scribing/ reading& scribing - but not if they don't use me! 50% seems excessive if they don't use you, as part of that time surely is for the dictation element...?

    I have 2 more mornings at work next week and then that's it until Sept (which will only be a Sat morning invigilating the 11+ entrance test and possibly a weekday morning doing Y7 CATs) I'm looking forward to not having any - although the money is, of course, handy - it all goes to the Florida Fund

    On the subject of money, as it's almost the month end, here's some figures:
    Florida Fund now at £8735 (I'd like to book it in July, I think - just need to talk to besties) - £990 added in June
    BTL mtge reduced by just over £450
    Usual monthly savings to S&S ISA and monthly saver account (which may get used towards Florida at maturation)
    EF/ floating savings figure reduced due to something I can't remember (poss OH's car?)!. Will reduce again further in July (although it does get a large top up each month) - OH's car (again), some garden spends (eg: 2 tonne of top soil), annual school bus pass for DS3 (£1200 pa) and a bill from SFE for an op to DD (although I'm challenging this as they've used an exceptionally high income year to base 2 years of her student loan on instead of 1 year) I *am* due a tax refund of almost £350, though (and OH had a bill of £44 to pay- so let's call it £300 net towards Florida )

    We're collecting DD from her uni flat today -so have to clear out the last of her stuff and make sure it's clean ready to be inspected @ 3pm..... that will likely cost us a (cheap - Tesco is nearby, as is Greggs) lunch for all of us (well, myself, OH, DD and maybe her boyf) Then tonight the pan is that OH and I go and see Yesterday and maybe grab some food just for us

    Tomorrow - may see bestie and her husband - have his bday present sat here and they have a new kitchen we need to check out - although we're also planning a family brunch and bbq, so it depends very much on timings. DS3 is also not quite right - was off school yesterday after falling asleep on the sofa early evening on Thurs and then waking later with a temp of 101.7 and being slightly sick - appears to possibly be throat related as he says it hurts to swallow, but I can't feel his glands up. His temp is back to normal today and you can see he feels much better - although still says it hurts a bit to swallow. He's not complaining, though, so I'm not planning on anything other than calp0l and ice pops unless it develops!

    My sister had a massively crazy thing happen 2 weeks tomorrow - thankfully someone happened to be with her at her home at the time or she would likely not have survived. Thanks to the swift actions they took and the fast response of the paramedics and then the local hospital and then the nearest brain injury specialist hospital she looks like she'll be ok - a long recovery ahead of her and I don't think she'll be starting her new job in Sept but she's here. May need an op over the Summer (with possible partial head shaving and then a scar), but that's a small price to pay!

    Will aim to do a half year round up in a few days

    xx
    Last edited by greent; 30-06-2019 at 8:10 AM.
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786 12/18 £54829 2019 OPs (#18) £3757/£5K
    Net sales 2019 £518.64/£500
    • apple muncher
    • By apple muncher 29th Jun 19, 8:26 AM
    • 9,364 Posts
    • 71,896 Thanks
    apple muncher
    Yikes to what happened to your sister. Very glad to hear that she'll recover, albeit slowly. Have you had lots of extra cuddle time with your nephew?
    NST October mudman #2; NSD 10/15; Ex 10/31; remove bagfuls 2(40)

    Mortgage £15,451 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143; 01/19: 18.275) MFWDate???
    • Karmacat
    • By Karmacat 29th Jun 19, 8:51 AM
    • 32,404 Posts
    • 191,546 Thanks
    Karmacat
    Sorry to hear about your sister, greent. Yes, in comparison to not surviving, losing the summer is bearable, but still ... thats got to be scary
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
    • teapot2
    • By teapot2 29th Jun 19, 9:21 AM
    • 2,503 Posts
    • 10,758 Thanks
    teapot2
    Goodness, thats big stuff re your sister, hope she recovers well.

    You sound busy, hope you enjoy 'Yesterday', sounds like fun, I saw Danny Boyle and co on Grahame Norton talking about it.

    Many years ago I worked in an FE Centre for disabled students when I first left home. They used an amanuensis for exams, she fascinated me. She was in her 70s and used to smoke cigarillos and take surreptitious swigs from a hip flask
    • chumpy45
    • By chumpy45 30th Jun 19, 5:25 PM
    • 451 Posts
    • 1,977 Thanks
    chumpy45
    So sorry to hear news about your sister. All best wishes for her speedy recovery. That's the second person I've heard about this weekend. It really makes you value every moment doesn't it. I hope you are ok after the shock of it all.

    Many years ago I worked in an FE Centre for disabled students when I first left home. They used an amanuensis for exams, she fascinated me. She was in her 70s and used to smoke cigarillos and take surreptitious swigs from a hip flask

    I loved this story Teapot2. I wish I had read about the hip flask before I did my invigilating. The time would have passed much quicker (Must learn how to do proper quotes)

    Also, fab figures GreenT, the Florida fund is looking healthy We have had two great holidays in Florida in the past, but it is certainly pricey when you have 4 children
    Starting Mortgage 01.08.08 £171,209.24. 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017; :) 06.08.18 £24,769.47 01.11.18 £23,825.00 22.01.19 £21,990.00 06.02.19 £21,200 03.03.19 £19,862.9301.05.19 £18,509.63 01.08.19 £16,750.00 01.10.19 £15,400.00
    • apple muncher
    • By apple muncher 6th Jul 19, 7:05 PM
    • 9,364 Posts
    • 71,896 Thanks
    apple muncher
    How are you? How are things with your sister? Xx
    NST October mudman #2; NSD 10/15; Ex 10/31; remove bagfuls 2(40)

    Mortgage £15,451 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143; 01/19: 18.275) MFWDate???
    • Tahlullah
    • By Tahlullah 6th Jul 19, 10:50 PM
    • 1,046 Posts
    • 5,280 Thanks
    Tahlullah
    Best wishes to you and your sister.

    Tahlullah
    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.
    • greent
    • By greent 9th Jul 19, 7:58 PM
    • 8,189 Posts
    • 83,198 Thanks
    greent
    Hmph - just lost a post

    Summary - sister is doing brilliantly. Back at home (temporarily). No movement issues. Very, very tired. Some memory issues, but its early days.

    Crazy end-of term busy-ness here - lots happening with DS2 & DS3. DD's graduation ceremony next week Getting some things sorted at home. Burst tyre one evening last week = unexpected expense of 2 new tyres Florida fund healthy at over £9k.

    Will do a proper update another time xx

    ETA: Deputyship for my nan is through - sealed copies arrived in post today
    Last edited by greent; 09-07-2019 at 8:05 PM.
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786 12/18 £54829 2019 OPs (#18) £3757/£5K
    Net sales 2019 £518.64/£500
    • brizzlegirl
    • By brizzlegirl 9th Jul 19, 10:48 PM
    • 854 Posts
    • 5,787 Thanks
    brizzlegirl
    Just checking in. Crikey that’s tough stuff with your sister. Hope she’s doing ok.

    Hope summer is not prroving negative crazy busy and there’s enough positive crazy busy Love to you all x
    MFW..aiming to pay it off in 2022 2019 Savings Rate - Goal 40% 27.5% September 21% August 37% April 54% March ] Income Goal £301/£750 Oct Goals: AFDs xx/25 Decluttering xx/60 LSDs xx/10 NSDs xx/05 Oct Exercise RT xk xx/15 12k steps per day pls Aiming to be a true Frugalista!
    • apple muncher
    • By apple muncher 10th Jul 19, 6:37 AM
    • 9,364 Posts
    • 71,896 Thanks
    apple muncher
    Great news about your nan's deputyship. Phew.
    NST October mudman #2; NSD 10/15; Ex 10/31; remove bagfuls 2(40)

    Mortgage £15,451 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143; 01/19: 18.275) MFWDate???
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