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  • FIRST POST
    • greent
    • By greent 26th Mar 10, 2:46 PM
    • 7,435Posts
    • 75,393Thanks
    greent
    greent's mfw journey
    • #1
    • 26th Mar 10, 2:46 PM
    greent's mfw journey 26th Mar 10 at 2:46 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 11:41 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. 2018 OPs (#18) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
Page 90
    • michelle09
    • By michelle09 17th Mar 18, 4:44 PM
    • 824 Posts
    • 5,083 Thanks
    michelle09
    Sounds good. Hopefully DD still has work to cover her during the strikes?
    • greent
    • By greent 19th Mar 18, 7:49 PM
    • 7,435 Posts
    • 75,393 Thanks
    greent
    Expected..as she focussed on making revision materials not the mocks), but even so, its game on now. She is still working and doing DoE and volunteering, but she wants to do more than just study. I am not sure she always has the balance right, but she also has a view and I need to let her find her own way, shes a sound judgement about things usually so am content to let her try and juggle. So suspect our kids are in the same boat in Y13 with some younger ones too..although think your son has applied for uni? My DD is waiting until she knows her results. Assume thats on 16 August? Need to check... (yes it is...fingers and toes crossed for all of them...)


    Have a great weekend x
    Originally posted by brizzlegirl
    Yes - DS1 is in Y13 and has applied for uni - I think he'll be taking a year out, though - I have a feeling he'll need to resit one subject to pull the grade up to the required level. Not a major issue if he does, though - and he can get some work experience in at the same time when not going in for lessons (have already had a quick word with 1 member of staff at school - will also run it past the head of VIth form next time I'm in (it's one of the schools where I invigilate) It will also mean that DD will have finished uni by the time DS1 goes off if he delays - not sure if that's good re: costs or not!

    I feel for current students - the pressures seem so much harder than when I was at school. The scramble for uni places seems for intense, too I work results day - handing out their results - it's at one of the local grammars, so the results are *generally* good - but not always....
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • greent
    • By greent 19th Mar 18, 7:51 PM
    • 7,435 Posts
    • 75,393 Thanks
    greent
    Sounds good. Hopefully DD still has work to cover her during the strikes?
    Originally posted by michelle09
    She's had some work - but not from everyone. She was in today, though - for the first time in 4 weeks (combination of strikes/ timetable/ reading week/ closure due to snow) So hopefully things will improve - although she finishes this semester this Friday for 3 weeks Easter break!
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • greent
    • By greent 19th Mar 18, 7:55 PM
    • 7,435 Posts
    • 75,393 Thanks
    greent
    Snowy day yesterday - so the boys and OH had a snowball fight and built a snowman - I had a lie in and by the time I'd had breakfast, a shower and then dried my hair (no way was I going out with wet hair!) they were basically ready to come back in. More snow overnight, but not much - although it did make the roads out to the main road rather slippery this morning.... Work was also very cold in the exam hall - poor students. We were all really cold - my nose was pink and kept running!

    Not much else happening here - it's that quiet mid-month time.
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • greent
    • By greent 23rd Mar 18, 5:23 PM
    • 7,435 Posts
    • 75,393 Thanks
    greent
    Ooh - edging closer towards payday!

    Spent the afternoon with sister and baby (5 months tomorrow - where does the time go! :eek) - very pleasant - and when DS1 and DS3 came back from school they had fun playing with baby and making him laugh (baby belly chuckles are so cute! <3) DS2 missed him, as he gets back an hour later and she had to get back home. However, she's coming back over with baby in a couple of weeks as all 3 boys will be off school, and DD will be back from uni (she's coming home tonight for 3 weeks) He is a very cute chunky monkey!

    I am definitely looking forward to the Easter hols - good weather would be nice, but I plan on getting DS2 and DS3's bedrooms blitzed over the break anyway, so it's not essential (although a couple of days out somewhere outside would be nice) I'd also like to sort the garage out - but that will only be done if the weather if dry and mild AM looking forward to having a clearout in there - I know there's at least 1 big item to sell which I currently can't get to

    Money wise - still not much to report. Am debating whether to squeeze in a dividend payment from OH's co before the end of the tax year, so I need to have a look at all the figures and check that out. We've certainly got the money in the co, but I don't want it to affect DD's student finance for this year or next (both of which are being based on this year's figures) - may be better to wait until later next month... decisions, decisions!
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • Karmacat
    • By Karmacat 23rd Mar 18, 8:50 PM
    • 29,866 Posts
    • 172,565 Thanks
    Karmacat
    Aww, that's so nice with the baby!
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    • michelle09
    • By michelle09 24th Mar 18, 10:14 AM
    • 824 Posts
    • 5,083 Thanks
    michelle09
    Sounds good. Hopefully things will have warmed up by Easter.
    • brizzlegirl
    • By brizzlegirl 2nd Apr 18, 8:25 PM
    • 363 Posts
    • 2,381 Thanks
    brizzlegirl
    Hope you are having a great Easter greent xx
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 40% [29%May 25%June 15%July] 2018 Income Goal £88/£750 October Goals: AFDs 2/25; Decluttering 10/60; LSDs 02/10; NSDs xx/10 Exercise xx/15 12k steps per day pls Aiming to be a true Frugalista!
    • greent
    • By greent 2nd Apr 18, 10:08 PM
    • 7,435 Posts
    • 75,393 Thanks
    greent
    Ooops - I started a post the other day and then the laptop froze and I never came back

    Easter is very relaxed so far. DD has been back since the evening of 23rd but is going to boyf's house tomorrow until Fri evening (dogsitting - his parents are away) DS1's gf was here today. Lovely lamb dinner yesterday, followed by huge chocolate-y gateau - lots of leftovers of both bits to eat up in the coming days House is awash with chocolate. We had an indoor egg hunt, due to the weather - which the smaller 2 really enjoyed They've built a robot arm thing (Xmas present) and have been playing with that and have got a couple of other smaller things out (gifts) to build/ make/ experiment with over the hols. DS1 needs to crack on with revision (has revision sessions at school tomorrow and Weds afternoons) and I need to check what homework DS2 has for the hols (DS3 only has reading, and we're doing that at an easy chapter a day) OH is off to Maidenhead tomorrow for work - back Thurs evening.

    I've gone through DS2 and DS3's wardrobes/ c-o-ds with them and all clothes have been tried on/ vetted for approval/ checked for wear. Large number of items removed from both rooms, so I need to get boxes down from the loft (well, get DS1 to get the boxes down ) and see if I can fill any gaps from there before compiling a list of things to buy! About a carrier bagful of items for fabric recycling (about half was lots of socks!), 1 item for school 'spares', couple of items to CS and about a large carrier put aside for NNS sale (end of May) Some items obviously also put aside from DS2's room to go to DS3's room at some point (assuming DS3 approves of them at that time...) Next on the agenda is tackling the rest of their rooms..... argh! They are super messy atm

    I've started reading my diary back from the beginning - gosh! - I was so motivated and full of energy back then!! It was my 8 year diary birthday a week ago, which is what prompted me. Some bits are bittersweet but it's a worthwhile exercise. It has galvanised me into listing half a dozen more costly items on fleabay tonight (well, getting basics on there to ensure I've made a promotion deadline- will fill in more details on them tomorrow) It's also made me think about how 'jaded' I can be nowadays - I am going to try to be more jolly I also think that I have gotten quite lazy - I used to achieve far more with my time - so I am planning on less mse/ blogs/ general internet/ candy crush (shhh) time.... should hopefully mean I am more productive elsewhere!
    x

    ooh yes - forgot - granite has sold and was collected today - money paid off OH's (0%) CC - which is where any other flebay funds will be heading for the next few months....
    • greent
    • By greent 5th Apr 18, 8:08 AM
    • 7,435 Posts
    • 75,393 Thanks
    greent
    So we're almost halfway through the hols already! Time is flying! DD is currently in Wales, coming back tomorrow evening on the train, so just need to collect her from there OH is back tonight.

    Today's plans are another half hour each with the smaller 2 in their rooms, getting the boxes of things packed up for the NNS into the garage loft (DS1 will be going up there, I'm just passing boxes), more ironing (never ending this week!), homework/ revision for all 3 boys, baking (bread) and getting the done ironing put away. A family game (just myself and the boys) may also be on the agenda. Oh - and a quick supermarket trip, as we are down to our last 6 pints of milk! :eek That and fiddling with my flebay listings should just about see me done for the day

    DS1's 18th birthday is soon. I have *most* of his presents (just need to collect one from town), the cake is ordered (need to collect from town the day before) but I would like to find something unusual and quirky too - may have a womble around t'bay and see what I can find
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • brizzlegirl
    • By brizzlegirl 5th Apr 18, 8:40 AM
    • 363 Posts
    • 2,381 Thanks
    brizzlegirl
    I know what you mean. The hols are flying here too in a whirl of revision, movie watching, long walks and lots of food...really needed the rest so a week off work has been very welcome. But think energy levels ebb and flow. Dont beat yourself up for having some screen time

    I am planning some decluttering over the next few weeks...whole house could do with a spring clean. Also no more weekly cleaner so money in my pocket but does mean we will all have to muck in!
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 40% [29%May 25%June 15%July] 2018 Income Goal £88/£750 October Goals: AFDs 2/25; Decluttering 10/60; LSDs 02/10; NSDs xx/10 Exercise xx/15 12k steps per day pls Aiming to be a true Frugalista!
    • shangaijimmy
    • By shangaijimmy 5th Apr 18, 8:49 AM
    • 2,782 Posts
    • 13,926 Thanks
    shangaijimmy
    A busy household never stops...I bet there's always something happening!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • newgirly
    • By newgirly 5th Apr 18, 9:01 AM
    • 6,470 Posts
    • 45,036 Thanks
    newgirly
    Happy mse birthday greent eight years is such a long time (I'm eight years here too this month!) it must be very strange reading it back, I might have a go too this week - although reading about when the kids were much younger might be a bit sad!

    I hope your ds's 18th goes well
    MFW 21

    £77,580
    • try harder
    • By try harder 5th Apr 18, 9:16 AM
    • 793 Posts
    • 3,094 Thanks
    try harder
    8 years wow how good is that and just look what you have achieved over that time ,i love reading diaries they are so inspiring ,im now going to start reading through yours from the beginning .
    • michelle09
    • By michelle09 7th Apr 18, 6:38 PM
    • 824 Posts
    • 5,083 Thanks
    michelle09
    Happy MSE birthday greent!

    The indoor egg hunt sounds amazing, never mind just for the younger two.

    Wow, they grow up fast, huh? Has he got plans for the big day?
    • greent
    • By greent 9th Apr 18, 1:02 PM
    • 7,435 Posts
    • 75,393 Thanks
    greent
    I know what you mean. The hols are flying here too in a whirl of revision, movie watching, long walks and lots of food...really needed the rest so a week off work has been very welcome. But think energy levels ebb and flow. Dont beat yourself up for having some screen time

    I am planning some decluttering over the next few weeks...whole house could do with a spring clean. Also no more weekly cleaner so money in my pocket but does mean we will all have to muck in!
    Originally posted by brizzlegirl
    We used to have a cleaner - and I've debated it since, but I can't really justify it on a time-basis unless it's full on exam season - although this year I have DD back from uni mid May, so she can help!

    Decluttering is always needed here!

    A busy household never stops...I bet there's always something happening!
    Originally posted by shangaijimmy
    Generally, yes - although most is just day-to-day busy-ness

    Happy mse birthday greent eight years is such a long time (I'm eight years here too this month!) it must be very strange reading it back, I might have a go too this week - although reading about when the kids were much younger might be a bit sad!

    I hope your ds's 18th goes well
    Originally posted by newgirly
    Thanks, ng!
    Re-reading is a bit weird in places - but nostalgic in a way (even if it was only 8 years ago - a lot has changed in that time!)
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • greent
    • By greent 9th Apr 18, 1:05 PM
    • 7,435 Posts
    • 75,393 Thanks
    greent
    8 years wow how good is that and just look what you have achieved over that time ,i love reading diaries they are so inspiring ,im now going to start reading through yours from the beginning .
    Originally posted by try harder
    Ooh - don't feel you need to - it's a bit self-indulgent in places - and highly repetitive in others!

    Happy MSE birthday greent!

    The indoor egg hunt sounds amazing, never mind just for the younger two.

    Wow, they grow up fast, huh? Has he got plans for the big day?
    Originally posted by michelle09
    Not really, michelle - it's a Sunday, so not much happening. We'll go out for food the day before (his choice to do so - and his place of choice) and then on the day we'll have visitors, of course.
    We may do something more for it in May half term - although he will be in the middle of exams it will break up the week.
    He's a pretty low-key person, in general.
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • shangaijimmy
    • By shangaijimmy 10th Apr 18, 8:39 AM
    • 2,782 Posts
    • 13,926 Thanks
    shangaijimmy
    Been musing over the whole re reading my own diary, and i haven't brought myself to do it...yet. My diary has been 3 yrs, so perhaps not quite enough to be too nostalgic?? Its a shame the forum/system/software isn't able to send you a daily email with "your posts from 1yr, 2yr, 3yr ago" etc... In the same way Facebook does the timehop thing (I'm a social media account free zone so not sure if that is what its called).
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • greent
    • By greent 10th Apr 18, 8:55 AM
    • 7,435 Posts
    • 75,393 Thanks
    greent
    Been musing over the whole re reading my own diary, and i haven't brought myself to do it...yet. My diary has been 3 yrs, so perhaps not quite enough to be too nostalgic?? Its a shame the forum/system/software isn't able to send you a daily email with "your posts from 1yr, 2yr, 3yr ago" etc... In the same way Facebook does the timehop thing (I'm a social media account free zone so not sure if that is what its called).
    Originally posted by shangaijimmy
    I've not re-read mine before - and haven't finished doing so yet A timehop/ your memories/ on this day thing could be interesting - not sure I'd want a daily email, but a feature you could access if you wanted to, maybe. Would cost, though - and definitely a 'nice to' as opposed to a need/ help for money saving.

    Woke to another bid on fleabay - this one may net me around £70 if I've got my calculations correct (We'll ignore the fact that the actual item cost £330 and was used maybe half a dozen times.... but as the last time was before DS3 was born (he's 9 next month) it's clearly not required! - - so much better to get it out (It's actually quite large) and the money in

    I am looking forward to later in the year when OH's car and the 0% CCs are paid off - can then stick extra money like this on the BTL.

    (Although OH's car is conspiring against us, potentially, at the mo - warning lights came on last night, so he has renewed his breakdown cover (well, with a new provider) and is contacting the garage this morning. The lights came on back in Nov and it cost us £1000 to get it sorted, from memory.)
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
    • greent
    • By greent 12th Apr 18, 2:22 PM
    • 7,435 Posts
    • 75,393 Thanks
    greent
    So.... 5 items finish on flebay today - 4 of which have bids totalling £84.50 (and have an £80 bid on another item which ends sometime next week) Net proceeds will go to OH's CC (o/s bal when bill arrives in around 10 days should be £900, from memory - and I have £150 set aside already. Not looking to clear it this month (it's on 0%, ending in July) but maybe next month - definitely the month after at the latest. I have some more items to list on t'bay (mainly DS3's decluttering of toys, so no financial benefit for me) which I'll aim to do once they are back at school next week

    We have an appointment (here) with an IFA tomorrow morning, mainly to discuss pensions. Our DB pension schemes from our banking days have a joint transfer value of just over £900K - but as well as the guaranteed pension amounts there are also pensions payable to the children aged under 23, should anything happen to us. As the children range in age from 20 down to 8yo this is something to take serious note of. It will be good to get a professional opinion on some points, and as OH used to work with the guy (in banking) he's not just some random person I believe (OH arranged it) that this first appointment is free

    A bits n pieces kind of day today - took DS2 for haircut at the local barbers (much nicer to be in than where OH takes him) and DD has just nabbed my car to take herself to a hair appointment (I believe the first one ever that she'll have paid for herself!) Have also baked a brown seedy loaf, a white loaf, a lemon Victoria sponge (just need the 2 halves to finish cooling before I sandwich them together) and a sheet of chocolate cookies However, I have absolutely no idea what to make for dinner! Am now just going to do an hour of ironing to Holby on catch up whilst the 2 smallest are playing 2 loads of washing also done

    Company accounts are all reconciled for the accountant. I just need to download and print the summary monthly bills for the phones for the year- it's such a faff that I do it all at once, rather than each month. I can then take them over to the accountant later this month - along with our personal tax paperwork (will need to get that all up together first!) We've taken quite a chunk out this year (mainly for things like the kitchen) as OH has been working for all of it. Still have some directors loan monies left in, though Undecided whether to leave it in or take out and *do* *something* with it....

    Car in garage yesterday - some small tweaks made for free as it was done in Nov - yeay! OH has gone to Maidenhead today, so hopefully all is ok......
    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) £6484.71/£7500
    Net sales 2018 £713.44/£1000 PAYDOX18 (#15) Done £18918.90
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