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  • FIRST POST
    • Sylvia1982
    • By Sylvia1982 8th Jan 19, 11:46 PM
    • 192Posts
    • 396Thanks
    Sylvia1982
    My savings log..."The next chapter"
    • #1
    • 8th Jan 19, 11:46 PM
    My savings log..."The next chapter" 8th Jan 19 at 11:46 PM
    Hello everyone,
    Hope you all had a lovely Christmas and a Happy start to the New Year.
    As you can tell, I have been away for some time from this forum. My last savings log has since closed. Was last updated July 2014Ö oops

    I have been listening to Dave Ramsey whilst doing my house work recently and have found he makes a lot of sense. I have realised since I have stopped updating on here and not completing challenges, my savings had drastically went down. I even purchased a brand new car with cash(made sure of that) as my previous car was soaked inside whilst been hand washed by the guys at the car wash. Note to self, do not get your car washed in winter in late afternoon. They hid the amount of water inside of my car boot really well. It affected the electrics as it got into the speakers and then few days later windows couldnít open. I unfortunately had to dip into my deposit fund as my newer car fund was only half the cost of my current car.

    Life had changed and I did save my end goal. Fortunately for me I moved and rented in the chosen area I had intended to purchase in. The best thing I had done. I just missed living in London way too much and the commute to work was ridiculous, just lucky if you can get a train.

    Iím in no rush in buying a property. I know I am a lot older than when I first started this journey, but my life has changed a lot. Iím planning to start a family end of this year with my partner, so will have to look for another rental once my contract ends on my current flat. Thankfully I am with someone who is saving too, so he understands why I will be opting for more home cook meals instead of having expensive meals out. Iím aiming to buy by end of next year if all goes well, if not, I will just keep saving.
    I have completed a new spread sheet for my monthly/annual budget for outgoings and savings. Aiming to stick to it as my savings per month are not as high as, as they were before in my last savings log as I currently reside alone.

    Here are my new funds and my savings so far. (Not including my stocks and shares and various funds, as they are long term)

    Deposit Fund = £80,846.38

    Fees and Etc. = £12,000

    Emergency Fund = £1,000

    Family Fund = £600

    Wardrobe Fund = £100

    Car Fund = £400
    Will be updating later in the month with my January savings and


    Bye for nowÖ

    Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
Page 2
    • pinknsparkly
    • By pinknsparkly 2nd May 19, 10:00 PM
    • 392 Posts
    • 866 Thanks
    pinknsparkly
    Those are some fab April savings Sylvia! I'll keep everything crossed for you that the rent doesn't increase by much (has he given you any indication either way or is it complete guesswork??).

    Do make sure you take care of yourself, especially make time for yourself on your days off if you're going to carry on doing so much overtime (and don't feel bad if you decide to cut back on it!)
    MFW 2019 challenge #99: £6,778.51 / £6,000 (£4,500 is in "offset" pot)
    MFiT-T5 (Jan 2019 - Jan 2022) challenge #99: £6,778.51 / £30,000
    Save £12k in 2019 challenge #99: £18,030 / £12,000
    2019 keep moving challenge: 271.3 / 1000 miles
    Last updated: 28/06/2019
    Initial MF date (18th Dec 2018): Jan 2054 Current MF date: Sep 2052
    • Sylvia1982
    • By Sylvia1982 10th May 19, 6:40 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    Hello everyone,
    Well, got some good news. Got a new quote for my car insurance and it is just over £80 less than last years.

    Also been told that my LL is not increasing my rent This really helps with my saving goals.

    On the downside, I am currently facing reality of obstacles being thrown at you when everything seems to be going to plan. Currently going through a health scare and not going to know exactly what I am facing until the end of the month. Its all about looking after myself at the moment, as my thoughts of worst possible scenarios is all I'm thinking of. Sorry for over sharing, but need to document this

    I hope you all are okay. Enjoy your weekend
    Take care, Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • savingwannabe
    • By savingwannabe 10th May 19, 9:56 PM
    • 14,023 Posts
    • 47,508 Thanks
    savingwannabe
    Sylvia I hope the health issue diagnosis will be quick and hopefully clear all your fears. If not then I wish the treatment to be quick and for you to make a recovery asap.

    On the financial front jolly well done on car insurance and kind LL.

    Please try to take things one thing at a time and just try to focus on being kind to yourself during the next month whilst a diagnosis/treatment is being sorted. We are all thinking of you good luck my dear.
    Christmas Fund £168
    Reminder: summer is about making money
    • Skint yet Again
    • By Skint yet Again 11th May 19, 5:20 AM
    • 3,605 Posts
    • 19,252 Thanks
    Skint yet Again
    Sorry to hear about your health scare Sylvia. I think not knowing and waiting for a diagnosis is the worst time, at least once you know what is going on you can face it head on or be relieved if it's not as bad as you feared. Fingers crossed it's the latter. We are all here to share so come when you need to. Look after yourself x
    Balance 0% credit card to pay £1360 £848
    Balance 0% Car Loan to pay £940 finishes 1/1/2020
    Emergency fund 100/500 Car Fund savings £300
    • Sylvia1982
    • By Sylvia1982 31st May 19, 8:01 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    May savings
    Hello everyone,
    Thank you savingwannabe and Skint yet Again for your kind messages. Happy to say, I got the all clear yesterday by the consultant. In a bit of pain, but should be back to normal in a few days. It really amazed me this month, as tough as I can portray myself to others at times who personally know me(don't like showing my vulnerable side). I was a total mess, having for a change rely on others.
    Thankfully, now that is behind me, I can really concentrate on life and what I want from it.
    Since my last message I stopped working overtime. I'm planning to reduce to no more than 2 days a month comparing to what I was doing before. My partner and I have since had a long talk in regards to our finance and plans we have ahead, which was a first, as we spoke in detail.

    Well I better get back to my savings.

    Here are my May savings

    Deposit Fund = £0
    Total=£82.317.88

    Family Fund = £559
    Total = £3,974.09

    Car Fund = £66.67
    Total = £127.15 (Reduced as paid annual as of 1st June 2019)

    I'm expecting to spend a bit before my next pay day, as my partner gets a year older next month. The initial present I was going to get him, is now out of stock Not sure what to do.


    I better leave it there. Hope you all are okay and enjoy you weekend.
    Bye for now, Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • Skint yet Again
    • By Skint yet Again 2nd Jun 19, 10:03 AM
    • 3,605 Posts
    • 19,252 Thanks
    Skint yet Again
    Hey Sylvia great news from the consultant am so pleased for you. Its surprising how vulnerable a health scare can make you, so good that everyone rallied round to help and support you. Take care of yourself. Onwards and upwards !
    Balance 0% credit card to pay £1360 £848
    Balance 0% Car Loan to pay £940 finishes 1/1/2020
    Emergency fund 100/500 Car Fund savings £300
    • Sylvia1982
    • By Sylvia1982 2nd Jun 19, 6:38 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    Thank you Skint yet Again, I totally agree. I'm so grateful of my family and friends.
    • savingwannabe
    • By savingwannabe 3rd Jun 19, 6:14 AM
    • 14,023 Posts
    • 47,508 Thanks
    savingwannabe
    Hurrah for the all clear. Sylvia I hope any pain will go. What a huge relief for you both. Take it easy and have a good week.
    Christmas Fund £168
    Reminder: summer is about making money
    • Sylvia1982
    • By Sylvia1982 2nd Jul 19, 9:29 AM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    June savings
    Hello everyone,
    Sorry for the late post, been busy with work.
    June turned out to be a lovely month. Spent a lot of time with friends and family, which was really nice.
    My boyfriend had a lovely birthday and I bought him the pressie he really wanted for a while.

    Overtime has definitely dried up at the moment, so I am happy that I was cutting down on it before this had happened. I have finally received the over time from the previous 2 months I had worked.


    Here are my June savings

    Deposit Fund = £0
    Total=£82.317.88

    Family Fund = £1,307.38
    Total = £5,281.66

    Car Fund = £70
    Total = £197.19


    I'm really happy with the amount I have saved so far towards the family fund. Just trying my best to stick with my budget, so I know roughly the amount I would end up living off hopefully a little one comes along.

    I hope you all are doing well and been enjoying the great weather.

    Bye for now,
    Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • savingwannabe
    • By savingwannabe 2nd Jul 19, 8:07 PM
    • 14,023 Posts
    • 47,508 Thanks
    savingwannabe
    I am glad you had a good June and hope your July is going well with this hot weather.

    The savings are looking great as usual and the family fund is filing up fast.

    Have a good week.
    Christmas Fund £168
    Reminder: summer is about making money
    • pinknsparkly
    • By pinknsparkly 3rd Jul 19, 8:22 AM
    • 392 Posts
    • 866 Thanks
    pinknsparkly
    Glad you had a lovely June and are doing better health-wise - hope July is just as fab (especially with this amaaaaaazing weather we're having at the moment!!).

    The savings are building up wonderfully! Do you have any thoughts as to when you are looking to buy?
    MFW 2019 challenge #99: £6,778.51 / £6,000 (£4,500 is in "offset" pot)
    MFiT-T5 (Jan 2019 - Jan 2022) challenge #99: £6,778.51 / £30,000
    Save £12k in 2019 challenge #99: £18,030 / £12,000
    2019 keep moving challenge: 271.3 / 1000 miles
    Last updated: 28/06/2019
    Initial MF date (18th Dec 2018): Jan 2054 Current MF date: Sep 2052
    • Sylvia1982
    • By Sylvia1982 11th Jul 19, 8:38 PM
    • 192 Posts
    • 396 Thanks
    Sylvia1982
    Hello everyone,
    Thank you savingwannabe and pinknsparkly.

    I've been grateful by the fact I have been fortunate enough to be in the position to save the amount I have so far, just by focusing on my end goals.

    In regards to when I plan to purchase? Well...My other half would like us to aim for next summer. We have agreed to go 50/50 on the deposit, so about £70k+ each. I just cannot wait, to finally get a place where we can actually settle down and make our home. Just hope the London market doesn't get even worst than it currently is... Wishful thinking

    I have definitely been enjoying this lovely weather, been out on my pedal bike rather a lot or go for walks along the canal near my home. It has been nice being able to enjoy it.

    The OH and I will be celebrating our anniversary beginning next month. Trying to decide on what we both can do including on what to make him. Need to decide by next week as time is ticking.

    I better leave it there. I get paid end of next week, so will post around then.
    Bye for now,
    Sylvia
    Must save to live, not just live to save!!!

    Challenge Save 12k in 2019 #141 £6,143.34/£6k
    Deposit £82,317.88/£120K Fees/ect £12K/£12KEmergency fund £1K/£1K
    'Saving again after parting with a lot of money enjoying life
    • savingwannabe
    • By savingwannabe 12th Jul 19, 5:29 PM
    • 14,023 Posts
    • 47,508 Thanks
    savingwannabe
    Glad you are enjoying the weather and that you have decided when you will buy. Happy anniversary.
    Christmas Fund £168
    Reminder: summer is about making money
    • pinknsparkly
    • By pinknsparkly 13th Jul 19, 9:03 PM
    • 392 Posts
    • 866 Thanks
    pinknsparkly
    Oooooh, how exciting - making a decision as to when to buy!!

    I can't speak for London itself but I live in the South East (a smidgen outside the M25) and the property market seems to be cooling round here. Properties are still being listed at significantly more than they were bought a few years ago, but are actually being sold for quite a bit under the asking price. So fingers crossed, the housing market won't go bonkers in the next 12 months for you!

    Happy anniversary for next month What sort of things do you make? I'm terrible for starting various crafts and not seeing them through. My most frustrating was deciding to take up crochet as it's supposedly easier than knitting, and buying a book entitled something along the lines of "crochet for complete idiot beginners" FULL of step by step photos. Still couldn't manage it!!
    MFW 2019 challenge #99: £6,778.51 / £6,000 (£4,500 is in "offset" pot)
    MFiT-T5 (Jan 2019 - Jan 2022) challenge #99: £6,778.51 / £30,000
    Save £12k in 2019 challenge #99: £18,030 / £12,000
    2019 keep moving challenge: 271.3 / 1000 miles
    Last updated: 28/06/2019
    Initial MF date (18th Dec 2018): Jan 2054 Current MF date: Sep 2052
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