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  • FIRST POST
    • edinburgher
    • By edinburgher 30th Oct 17, 5:22 PM
    • 11,150Posts
    • 59,856Thanks
    edinburgher
    The Edcawber Principle
    • #1
    • 30th Oct 17, 5:22 PM
    The Edcawber Principle 30th Oct 17 at 5:22 PM
    I think I promised a new and improved positive diary earlier on in the summer

    I'll try my best to keep it short and sweet, (unlike my credit card statements). Cutting a long story short, after renovating the house and an accidental car purchase (hey, it could've been a house!) we are probably better candidates for DFW

    We're now left with a much more relaxing house (we just finished our bedroom), a new car and £20,000 in credit card debt

    The new job goes fairly well, all things considered and our budget is starting to balance on a month-to-month basis. Basically I've said yes to everything, which is lovely, but immature. Mrs E realises the lie of the land and is supporting efforts to get back on an even keel. I'm eb@ying, saving cashback and making overpayments every Monday.

    DD and Mrs E are doing fabby, DD is the apple of our eye and remains chatty, affectionate and madcap
Page 1
    • ajmoney
    • By ajmoney 30th Oct 17, 6:45 PM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    • #2
    • 30th Oct 17, 6:45 PM
    • #2
    • 30th Oct 17, 6:45 PM
    Yay, you are back with a shiny new thread
    2018 MFW No. 70 £3588.14/£6000
    MFiT-T4 No. 70 £28278.70/£29544
    Mortgage £109890.26 Savings £91799.38
    Total left to pay/save £18090.88
    • rtandon27
    • By rtandon27 30th Oct 17, 6:54 PM
    • 2,200 Posts
    • 14,029 Thanks
    rtandon27
    • #3
    • 30th Oct 17, 6:54 PM
    • #3
    • 30th Oct 17, 6:54 PM
    Lovely to have you back Ed!
    1 YEAR & 7 MONTHS DEBT FREE!!! (24 OCT 2016)
    (With heartfelt thanks to those who have gone before us & their indubitable generosity.)
    Juggling the pots to keep in the black!
    • Suffolk lass
    • By Suffolk lass 30th Oct 17, 7:02 PM
    • 1,953 Posts
    • 20,921 Thanks
    Suffolk lass
    • #4
    • 30th Oct 17, 7:02 PM
    • #4
    • 30th Oct 17, 7:02 PM
    Great to see you back Ed! £20k would be slightly scary in anyone's hands but yours! I'm definitely following your diary.

    I know how the accidental purchase thing goes. I now have a Vespa, like a cuckoo, alongside the Harleys in the cart lodge. It arrived on Saturday and I must insure, tax and start riding it. I need a new helmet first.
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after May 45.81% £4,581.38/£10,000
    OS Grocery Challenge 2018 spent £1,021.80/£3,000 including stores so far 34.06% of my annual budget at the end of May
    My DFD is here
    • SuperSecretSquirrel
    • By SuperSecretSquirrel 30th Oct 17, 7:48 PM
    • 696 Posts
    • 3,090 Thanks
    SuperSecretSquirrel
    • #5
    • 30th Oct 17, 7:48 PM
    • #5
    • 30th Oct 17, 7:48 PM
    Good to see you back on here with a new diary thread ed

    Mtg [2013 £64k|2014 £51k|2015 £38k|2016 £26k|2017 14k] Zero!
    MN [2013-£25k|2014-£2k|2015+£16k|2016+£34k|2017+£52k] +£56,615.31(MFiT4:+60k)
    NW [2013 £126k|2014 £156k|2015 £190k|2016 £228k|2017 £269k] £278,659.39 (2020:300k)
    FI [2013 -1.2%|2014 2.8%|2015 6.9%|2016 13%|2017 18%] 30.9% (exc SP)
    • CathT
    • By CathT 30th Oct 17, 8:04 PM
    • 5,594 Posts
    • 39,049 Thanks
    CathT
    • #6
    • 30th Oct 17, 8:04 PM
    • #6
    • 30th Oct 17, 8:04 PM
    Good to have you back Ed and glad to hear new job is going well. Are you still doing your course?
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • smallholdingsister
    • By smallholdingsister 30th Oct 17, 8:09 PM
    • 3,591 Posts
    • 30,150 Thanks
    smallholdingsister
    • #7
    • 30th Oct 17, 8:09 PM
    • #7
    • 30th Oct 17, 8:09 PM
    Madcap is such a great word. Love to Miss E.
    • pinkypig
    • By pinkypig 30th Oct 17, 8:43 PM
    • 1,268 Posts
    • 10,251 Thanks
    pinkypig
    • #8
    • 30th Oct 17, 8:43 PM
    • #8
    • 30th Oct 17, 8:43 PM
    Lurked on your old diary for years - loved it. Looking forward to to!lowing this one officially now I'm out of lurkdom

    Pp x
    • slowlyfading
    • By slowlyfading 30th Oct 17, 8:44 PM
    • 12,929 Posts
    • 74,240 Thanks
    slowlyfading
    • #9
    • 30th Oct 17, 8:44 PM
    • #9
    • 30th Oct 17, 8:44 PM
    Happy new diary
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind - Dr Seuss
    Personal Finance Blogger / June NSD - 11 / Ultimate Dream Fund - £25,646.36/£306,000
    • pavlovs_dog
    • By pavlovs_dog 30th Oct 17, 8:56 PM
    • 9,757 Posts
    • 23,678 Thanks
    pavlovs_dog
    shiny new 'fred' Welcome back
    know thyself

    MFW 2018 #22 - £2180.08 /£6,000 (36%)
    MFi3 v4 #29 target £75,000

    Nid wy'n gofyn bywyd moethus...
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 30th Oct 17, 9:21 PM
    • 1,982 Posts
    • 36,754 Thanks
    Secret Saving Squirrel
    I was just wondering where you had gone! Welcome back. No better man than you to pay off that £20k in short order, I am sure. Good luck with everything and love to all the family. X
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • beanielou
    • By beanielou 30th Oct 17, 9:50 PM
    • 55,063 Posts
    • 220,050 Thanks
    beanielou
    Happy shiny new diary
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • gallygirl
    • By gallygirl 30th Oct 17, 10:11 PM
    • 16,607 Posts
    • 109,665 Thanks
    gallygirl
    What colour debt car did you get ?
    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"
    • edinburgher
    • By edinburgher 31st Oct 17, 8:28 AM
    • 11,150 Posts
    • 59,856 Thanks
    edinburgher
    Lurked on your old diary for years - loved it. Looking forward to to!lowing this one officially now I'm out of lurkdom

    Pp x
    Originally posted by pinkypig
    Welcome!

    I was just wondering where you had gone! Welcome back. No better man than you to pay off that £20k in short order, I am sure. Good luck with everything and love to all the family. X
    Originally posted by Secret Saving Squirrel
    Thanks SSS, I am chipping away at it and the being sensible exercise is bringing us together as a couple, even if it's just to complain about being skint

    What colour debt car did you get ?
    Originally posted by gallygirl
    I believe it's called Cosmos Poorhouse Blue - think it might be similar to your wee abroad car? Our only stipulation was that we didn't want a white one.
    • greent
    • By greent 31st Oct 17, 9:43 AM
    • 7,082 Posts
    • 72,171 Thanks
    greent
    Ooh - hello again, Ed! Glad to hear all is well with everyone I haven't confessed on my diary how much my new kitchen is costing - ( but it's well in excess of your CC debt figure) - and I currently only have about half of it in cash.... May be joining you in the skint club!
    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. 2018 OPs (#18) £1068.37/£4000
    Net sales 2018 £522.39/£1000 PAYDOX18 (#15) £18564.38/£18918.90
    • Karmacat
    • By Karmacat 31st Oct 17, 11:06 AM
    • 29,312 Posts
    • 167,876 Thanks
    Karmacat
    Hurray, he's back! Good to see you and I really hope my post makes it to the first page

    ETA - Yay, it did!

    Save
    Retired August 2016
    • themadvix
    • By themadvix 31st Oct 17, 1:47 PM
    • 1,721 Posts
    • 10,056 Thanks
    themadvix
    Good to see you back Ed! It's good to know getting back on an even keel isn't just my target at the moment.
    OPs 2018 = £2090
    Moving savings = £636.46
    OPs 2017 = £3103
    Starting balance 2012: £132000; balance Jun 2018: £92,000
    MFW2018 no. 38
    • edinburgher
    • By edinburgher 2nd Nov 17, 1:00 PM
    • 11,150 Posts
    • 59,856 Thanks
    edinburgher
    DD has been nursing a cold over the last few days and it has progressed to a chest infection. Cue an ambulance being sent to take her to hospital last night!

    It was a storm in a teacup - we waited nearly an hour for them to show up - then another half hour to be seen at the hospital. The upshot of this was several hours spent in the megahospital and a course of antibiotics. The poor wee mite was quite unwell, prodded, poked and weeping. She did make a great impression on the female paramedic who walked in the door to a smile and a hug

    It was scary (nobody wants to see an ambulance pulling up), but we had the same thing last year and I greatly preferred just going to the local out of hours service with queues 1/10th of the size and no waiting around. If that was the NHS in early November, I hope we don't need to use them again this year!

    In money news, I have made a couple of eBay sales and have paid £30 or so off the credit cards. I've also listed an old sat nav (new car has a built in one) and I've had a couple of P2P loans that looked to be gubbed pay back monies.

    Managed the yellow stickers of the century at Sainsbury's last night - 6.4kg of pork roasting joints for £6.19 I'm thinking two massive roast dinners with multiple leftovers and lunches and a basin of pulled pork served with steamed pumpkin and HM BBQ sauce?

    I've also managed to pick up a few cheap but fun stocking fillers for DD and will really need to get cracking on the rest of the presents. Money was put aside into a savings account for all gifts, so at least that's covered.
    • Karmacat
    • By Karmacat 2nd Nov 17, 2:45 PM
    • 29,312 Posts
    • 167,876 Thanks
    Karmacat
    Glad to hear the finances are well covered, but poor little DD! And yes, poor parents too, just the sight of an ambulance you've called for your little one has got to be terrifying. They didn't keep her in? How is she now ?
    Retired August 2016
    • edinburgher
    • By edinburgher 2nd Nov 17, 3:52 PM
    • 11,150 Posts
    • 59,856 Thanks
    edinburgher
    They let us out at about 11. She's a bit better, but whiny, wheezy and belligerent
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