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    • wishingthemortgaheaway
    • By wishingthemortgaheaway 13th Jul 17, 7:39 PM
    • 1,671Posts
    • 8,426Thanks
    wishingthemortgaheaway
    Taking it slowly, but doing it well.
    • #1
    • 13th Jul 17, 7:39 PM
    Taking it slowly, but doing it well. 13th Jul 17 at 7:39 PM
    Good evening all,

    I'm rejoining this thread and you lovely people after a break of a few years.

    I've got a new user name, but only because I can't get back into my old account. (My old diary was called 'Today is not a NSD'

    I've kept the start of my username the same, so it's still a big wave hello from me, Wish.

    A quick (I promise) update from me.

    I'm about to turn 35 (still wish I was 25)

    I now have a 1 year old little boy - Pickle

    I'm currently on extended maternity leave/career break/unemployed (I took the statutory maternity pay from my high pressured, long hours, no social life job, handed my notice in whilst on mat leave and , because I didn't take any occupational maternity pay, I didn't have to repay any money. )

    Husband is still a freelance audio visual engineer in the entertainments industry

    Still in our 2 bed Victorian terrace, which we still love.

    We still want to be mortgage free, but it's going to take a little longer than we thought when I was last here.

    So, why am I back?
    I need some motivation and some accountability, need to get back on the no spend days. Need to curb some bad financial habits that have crept back in.
    Need to lose some weight - nsd will help by no cake shop stops or treats from the discount supermarket at the end of the road.

    I'm at the end of my maternity savings.

    When I found out I was pregnant I stopped overpaying the mortgage and diverted all that cash into a maternity leave 'fund' to that I added my statutory maternity pay as it came in, 5k from an inheritance and a 5k gift from my parents.
    The total of those savings have allowed us to live as we were for 15.5 months without hubby having to contribute anymore to our household expenses than he had previously.

    I am very pleased with what we have achieved. But, that 'half month' is August and then the money is gone, I have no income and we will have to manage on hubby's self employment earnings.

    I am meant to be applying for agency work, in my field, for 3 days a week from September. It's not happened yet due to hubby being run off his feet with work. I'm not worried about this, I will sort it when I can.

    We have no debts, other than our mortgage (which currently stands at just less than 37k and has 12years 3 months left to run)

    We receive child benefit, but nothing else (previous warnings have been too high to receive tax credits or anything else)
    We have no family living nearby, so will need to pay out for childcare come September for 3 days a week, as I'll be agency and hubby is self employed we can't get childcare vouchers, but should be able to open one of the new tax free childcare accounts saving us 20% on childcare costs, which will be around 120 a week.


    This is what I already do:

    YNAB all my accounts - this is how I've managed to have 15 months off work
    Use ynab to save for all annual bills, overpaying each section so I have a little bonus when it comes to paying the bill

    Meal plan & cook from scratch

    Try not to spend too much on things for Pickle, and try to sell on things he has finished with (this has had mixed success)

    I'd love to have your support as I attempt to pay off the mortge earlier than planned. I'm aiming, from August, to overpay the same amount as the interest added to the account. This isn't much, but it's a realistic challenge given out current circumstances.

    Thank you for reading

    Wish.
Page 35
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 18th Sep 18, 5:56 PM
    • 1,671 Posts
    • 8,426 Thanks
    wishingthemortgaheaway
    A nsd today (hooray) it is much needed for the finances.
    I'm going to have to go shopping tomorrow (boo) I've completely forgotten to leave food for hubby and Pickle
    While I'm away - I'm being a muppet. Hubby hates left over freezer meal type foods, so it's free every night for him.
    I'll get it sorted.
    Day at home tomorrow, I've not been called for supply which I'm pleased about (even though the money is always welcomed) so, packing, shopping and sorting tomorrow And a bit of a rest before two long days of visits for work.

    Wish

    MSE September Goals

    Mop pot: 351.72
    1) Nice round number: 28.53/28.53
    2) Interest added: 34.02/34.02
    3) 400 capital reduction: 22.79/129.26
    4) MFW 2018 monthly target: 23.19
    5) 30k mortgage balance: 136.72

    13 step plan
    60/570 (due to paying window deposit)

    NSDs
    8/16

    1p a day challenge
    16/30
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 19th Sep 18, 9:05 PM
    • 1,671 Posts
    • 8,426 Thanks
    wishingthemortgaheaway
    Not a nsd and I had to do grocery shopping after my terrible snack filled adventure at the weekend. I'm now down to 7 in the general spends categories to last me until the end of the month. Hmmm
    Oh well, I'm only ynab poor really.

    In better news, the pay slip for my supply money came through today, so I've set up a pending transaction on ynab for Friday when it will appear as 'real' money in the bank account. I've filled up the 1p a day challenge pot to 31 days- this completes a section on the chart I'm filling in to keep track of this. The shrapnel went into the mop pot and the rest (80) is going in the 13 step plan. Just wages and expenses to come now , they'll be paid a week tomorrow. I should get my pay slip in the next couple of days so can set up a pending transaction for that too.

    Right. Bed for me, alarm is set for 5, Work trip that will generate just under 200 in travel expenses for the end of October. (Depending on how I get on for the rest of the year, I may set up a 'new car' pot specifically for my travel expenses. After all, that's what the extra over the fuel costs is really for isn't it. But the mortgage offset is the current priority. Hmmm decisions, decisions....

    Wish

    MSE September Goals

    Mop pot: 351.72
    1) Nice round number: 28.53/28.53
    2) Interest added: 34.02/34.02
    3) 400 capital reduction: 23.18/129.26
    4) MFW 2018 monthly target: 23.19
    5) 30k mortgage balance: 136.72

    13 step plan
    140/570 (Inc wages that will be paid on Friday)

    NSDs
    8/16

    1p a day challenge
    31/30 (from wages to be paid Friday)
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • pinkypig
    • By pinkypig 19th Sep 18, 9:29 PM
    • 1,393 Posts
    • 10,897 Thanks
    pinkypig
    Have a good trip xx
    MFW 2018 #157 Target 15,000

    14,689.68/15,000
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 20th Sep 18, 4:27 PM
    • 1,671 Posts
    • 8,426 Thanks
    wishingthemortgaheaway
    Have a good trip xx
    Originally posted by pinkypig

    All I can say is thank you for breakdown cover and thank you for 'car maintenance funds'

    Currently sat in the car park of the service station waiting for recovery due to a flat battery.

    Ho him!
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • pinkypig
    • By pinkypig 21st Sep 18, 5:03 AM
    • 1,393 Posts
    • 10,897 Thanks
    pinkypig
    Oh no, you poor thing Thank goodness you're well prepared for such s***e!! Hope you get home soon xx
    MFW 2018 #157 Target 15,000

    14,689.68/15,000
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 21st Sep 18, 7:10 AM
    • 1,671 Posts
    • 8,426 Thanks
    wishingthemortgaheaway
    Oh no, you poor thing Thank goodness you're well prepared for such s***e!! Hope you get home soon xx
    Originally posted by pinkypig
    Thanks Pinky,
    Breakdown tipped up reasonably quickly, jump started the car in a second and I headed off to get the battery replaced (I'm 250 miles from home, I'm not taking any risks) battery changed (135 including fitting )
    Then I parked on the M25 for over an hour before finally arriving at my hotel. By this point I was starving. Blew the expenses budget on dinner (which included 2 glasses of wine) and fell into bed before 9. I didn't sleep brilliantly, but that's not the hotel's fault sadly (because that would be a refund due)
    A visit today then the long drive home. Does anyone know how many miles of roadworks there are on the M6 from Cheshire southwards? The majority I believe!

    So, monthly general spends budget now sitting at -50 (will fix when my pay slip comes in) but supply money has been paid, so will update my totals.
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 21st Sep 18, 7:11 AM
    • 1,671 Posts
    • 8,426 Thanks
    wishingthemortgaheaway
    MSE September Goals

    Mop pot: 351.72
    1) Nice round number: 28.53/28.53
    2) Interest added: 34.02/34.02
    3) 400 capital reduction: 28.66/129.26
    4) MFW 2018 monthly target: 23.19
    5) 30k mortgage balance: 136.72

    13 step plan
    140/570

    NSDs
    8/16

    1p a day challenge
    31/30
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 23rd Sep 18, 9:27 AM
    • 1,671 Posts
    • 8,426 Thanks
    wishingthemortgaheaway
    So things continue to be dire with the finances, but looking at it all more carefully it's actually the 1p a day challenge that's sabotaging my budget. (It's not totally responsible, but is a contributing factor)
    I'd already decided I wasn't going to do it again as it diverts money away from my true saving goals (even though I'm planning on using the money for that anyway) so it's just a bit pointless. However, I am a completer finisher personality type so I can not just abandon it.
    I'm going to do the following when my wages & expenses come in:

    1) cover overspending incurred (approx 85)
    2) ensure next month's budget balances (400)
    3) replenish work expenses slush fund (50)
    4) top up mop pot to bring actual mortgage balance to 30k (237.32)
    5) complete 1p a day challenge (127.05)

    Total: 900 (that's without spending anything else this week)

    Income expected:
    Salary 591
    Overtime: 300
    Expenses: 100 (maybe an issue with this as my boss has been on holiday when it should have been authorised, so it may not be paid until the end of October)
    Total: 991. Ooooh it's going to be tight, but it's not a disaster.

    When I have my full 1p a day challenge pot, I'll share how I'm going to split/spend it.



    MSE September Goals

    Mop pot: 351.72
    1) Nice round number: 28.53/28.53
    2) Interest added: 34.02/34.02
    3) 400 capital reduction: 28.66/129.26
    4) MFW 2018 monthly target: 23.19
    5) 30k mortgage balance: 136.72

    13 step plan
    140/570

    NSDs
    9/16 have lost count really. Not really being a good mse-er at the moment.

    1p a day challenge
    31/30
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 24th Sep 18, 4:36 PM
    • 1,671 Posts
    • 8,426 Thanks
    wishingthemortgaheaway
    So... wages are in marginally less than I'd predicted as deductions were a bit higher than anticipated, but all is looking good so far

    1) cover overspending incurred (approx 85)
    2) ensure next month's budget balances (400)
    3) replenish work expenses slush fund (50)
    4) top up mop pot to bring actual mortgage balance to 30k (237.32)

    5) complete 1p a day challenge (127.05)44.53 to take from my expenses when they are paid on Thursday.


    MSE September Goals

    Mop pot: 351.72
    1) Nice round number: 28.53/28.53
    2) Interest added: 34.02/34.02
    3) 400 capital reduction: 129.26/129.26
    4) MFW 2018 monthly target: 23.19/23.19
    5) 30k mortgage balance: 136.72/136.72

    13 step plan
    140/570

    NSDs
    9/16 have lost count really. Not really being a good mse-er at the moment.

    1p a day challenge
    31/30 lots done today - about 30 extra I think, I kept losing count though!
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 25th Sep 18, 5:36 PM
    • 1,671 Posts
    • 8,426 Thanks
    wishingthemortgaheaway
    A no spend day - hooray. Few and far between currently and I do feel a little bit like I'm getting my mse mojo back. I cannot wait for Thursday when my expenses are paid and I can close down the accounts for September.

    Fuel levels in the car are looking low, but I should be able to hang out until Friday.
    I had to cancel work this afternoon due to a migraine, and I've also told the supply agency I'm not well, I've had to shuffle things round and really don't have time to do supply teaching, it's a pain as I'm now not available until after half term (never mind, lots of main work overtime to help with the financial plans)

    So tomorrow is now a long half day of work and hopefully some time in the afternoon to do some house jobs.

    I'll be back...


    MSE September Goals

    Mop pot: 351.72
    1) Nice round number: 28.53/28.53
    2) Interest added: 34.02/34.02
    3) 400 capital reduction: 129.26/129.26
    4) MFW 2018 monthly target: 23.19/23.19
    5) 30k mortgage balance: 136.72/136.72

    13 step plan
    140/570

    NSDs
    10/16 have lost count really. Not really being a good mse-er at the moment.

    1p a day challenge
    31/30 lots done today - about 30 extra I think, I kept losing count though!
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • pinkypig
    • By pinkypig 25th Sep 18, 9:07 PM
    • 1,393 Posts
    • 10,897 Thanks
    pinkypig
    Get well soon Wish xx
    MFW 2018 #157 Target 15,000

    14,689.68/15,000
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