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    • greent
    • By greent 26th Mar 10, 2:46 PM
    • 7,525Posts
    • 76,437Thanks
    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) £7127.06/£7500
    Net sales 2018 £721.53/£1000 PAYDOX18 (#15) Done £18918.90
Page 99
    • Karmacat
    • By Karmacat 27th Oct 18, 10:10 AM
    • 30,051 Posts
    • 174,273 Thanks
    Karmacat
    Very sorry to hear about your nan, greent I'm glad that your normal flight home from your holiday gives you time to see her, that means a lot.


    And your finances sound as wonderful as usual - you put work into it, I know, I love the idea of buying your own present in duty free



    Thinking of you.
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    • MeandO
    • By MeandO 27th Oct 18, 10:21 PM
    • 1,628 Posts
    • 7,953 Thanks
    MeandO
    Sorry to hear about your Nan, greent. Sending hugs xx
    House moving fund: £1150
    Mortgage Feb 2015: £102,000 Mortgage now: £74,438.39 2018 mortgage OP's: £1671.36/£1800 Emergency Fund: £350
    • CathT
    • By CathT 28th Oct 18, 7:45 AM
    • 5,784 Posts
    • 40,524 Thanks
    CathT
    Sorry to hear about your nan Greent. Such sad news around all the other positivity you have.
    Nov 2018 -
    part 1 - £74,947
    part 2 - £44,678
    Total - £119,625
    • Moneyfordreams
    • By Moneyfordreams 28th Oct 18, 10:39 PM
    • 1,143 Posts
    • 5,677 Thanks
    Moneyfordreams
    best wishes to your family greent
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
    • newgirly
    • By newgirly 29th Oct 18, 8:12 AM
    • 6,511 Posts
    • 45,329 Thanks
    newgirly
    I'm so sorry to hear about your Nan greent, take care xx
    MFW 21

    £77,580
    • Fortune Smiles
    • By Fortune Smiles 29th Oct 18, 5:56 PM
    • 2,912 Posts
    • 24,217 Thanks
    Fortune Smiles
    Sad to hear your news Greent - sending hugs.

    Fortune x
    Mortgage: 8% paid Overpayments: 3368.59 Emergency Fund: 75%

    Read my work here and here (scroll down for text). Free to read but ratings and reviews very much appreciated.
    • the cross rabbit
    • By the cross rabbit 29th Oct 18, 6:29 PM
    • 214 Posts
    • 1,249 Thanks
    the cross rabbit
    Sending virtual hugs
    CRx
    Mortgage £82,000, due to end July 2036. 4/11/18 Mortgage £79,872.13
    • brizzlegirl
    • By brizzlegirl 30th Oct 18, 10:08 AM
    • 406 Posts
    • 2,683 Thanks
    brizzlegirl
    So sorry to hear about your nan

    Glad you got a holiday in this winter. Makes such a difference, especially given the above..hopefully you got a break before you got the news..

    Love and hugs xx
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 40% [29%May 25%June 15%July 32% Sept & Oct] 2018 Income Goal £100/£750 November Goals: AFDs 13/25; Decluttering 07/60; LSDs 05/10; NSDs 01/10 Exercise 02/15 12k steps per day pls Aiming to be a true Frugalista!
    • greent
    • By greent 2nd Nov 18, 9:38 PM
    • 7,525 Posts
    • 76,437 Thanks
    greent
    Thanks, everyone xxx

    So.…. I went to see my Nan on Sunday - apparently she's rallied somewhat - was moaning about being bored and wanting to go out!! SHe has a chest infection (XRay is how mass was discovered) and the antib-s are clearly kicking in well! She is very frail, though. But alive - could be days, could be a couple of months - who knows..... Shall just roll with it

    In money news, we paid off £648.49 capital from BTL in Oct - am happy with that. YTD reduction is over £7.1K, so I *should* achieve new target of £7.5k in Nov, and hopefully get to £8k reduction in Dec.


    Other than that..... holiday was low spend whilst out there. I brought back the half dozen unopened beers (poured the half bottle of wine away ) and remaining dry food bits (and the few tomatoes and half onion - packed in a tub and then zip-seal bag! ) Should get the security deposit hopefully refunded on Monday (can't see any reason why it wouldn't be in full ) Shopping fone since at Sainz at FArmf00ds with vouchers made use of ANd some shopping at Tesc0 of gift cards (for the student children) - which resulted in a 10p off petrol voucher - pleased about that, as I thought the gift cards would be excluded


    Am hoping to get lots of Xmas done this month as have work for 8 days or so in Dec (only have 2.5 hours in Nov! ) and things like Xmas fair, school performance etc. Think DS3 is basically done, but the other 3 are nowhere near (and DD and DS2 have bdays either side too - nightmare!)
    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) £7127.06/£7500
    Net sales 2018 £721.53/£1000 PAYDOX18 (#15) Done £18918.90
    • apple muncher
    • By apple muncher 3rd Nov 18, 7:45 AM
    • 7,930 Posts
    • 60,112 Thanks
    apple muncher
    Good to hear that you've seen your nan.
    NST November New Yorker #8; NSD 12/15; Ex 6/21 ; craft 50 (196); remove 16 (653)
    2018 Pay off: £4509; 2
    018 sell £55.10; WLOSW 3/10

    Mortgage £18,634 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143) MFWDate Dec 2018
    • Karmacat
    • By Karmacat 3rd Nov 18, 9:23 AM
    • 30,051 Posts
    • 174,273 Thanks
    Karmacat
    All good news, then. Getting Christmas prep done in November is a good idea - even I need to get the cards done in November, you have a lot more pressies and whatnot to supply.



    Keep going!
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    • squirrelgirl
    • By squirrelgirl 3rd Nov 18, 11:46 AM
    • 314 Posts
    • 1,666 Thanks
    squirrelgirl
    glad that you've seen your nan and she's rallied a bit

    well done on the op's...I'm sure you'll get to that 8k!!
    15 Month Challenge: House - £13585.85/£25300; Mortgage - £1160/£17000 ;
    MFW No. 167
    • chumpy45
    • By chumpy45 4th Nov 18, 9:55 AM
    • 361 Posts
    • 1,604 Thanks
    chumpy45
    So sorry to hear about your nan GreenT, that's really sad news. Sounds like your holiday went well though, a little top up of sunshine sounds just lovely. Glad DS1 has settled well into Uni life. Does seem strange at home when the numbers start to drop doesn't it? You are right about the food lasting longer though Thinking of you x
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 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 New Target Date Sept 2020
    • apple muncher
    • By apple muncher 4th Nov 18, 10:03 AM
    • 7,930 Posts
    • 60,112 Thanks
    apple muncher
    Do you still get through gallons of milk without the older 2 and dh around? I don't think you drink too much of it, do you?
    NST November New Yorker #8; NSD 12/15; Ex 6/21 ; craft 50 (196); remove 16 (653)
    2018 Pay off: £4509; 2
    018 sell £55.10; WLOSW 3/10

    Mortgage £18,634 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143) MFWDate Dec 2018
    • greent
    • By greent 4th Nov 18, 7:53 PM
    • 7,525 Posts
    • 76,437 Thanks
    greent
    Do you still get through gallons of milk without the older 2 and dh around? I don't think you drink too much of it, do you?
    Originally posted by apple muncher
    I only have (skimmed) milk in my tea - I don't tend to have much other than that - maybe a bit in porridge occasionally, but I don't do cereal other than that (ooh - granola - but I only eat that with greek yog) It's the small 2 who get through the milk - DD doesn't do dairy, DS1 only has milk in his 1 coffee a day. OH has milk on cereal/ in tea and coffee. We are still getting through around 6-8 x 4pt bottles a week...…



    Not a bad weekend here - feels chilled but also some things have been achieved. Went to local Farmers Mkt yesterday and bought just a couple of yummy food items, but it is *so* chilled there it's just nice to wander around. All washing/ ironing up straight. Some tidying in DS3's room and removal of outgrown/ worn out items. OH fixed some skirting board in hallway that's been missing for maybe 8 years..... Oh - and he filled some holes in the hall wall and changed a blown bulb in my car Some older foodstuffs used up. Nice food over weekend in general. Homework completed by both smaller ones without too much aggro And I've kept up logging all foods on MFP for 4 days now
    Ooh - and I've contacted someone to re-hang the other radiator in the kitchen and service the boiler - should be done later this month
    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) £7127.06/£7500
    Net sales 2018 £721.53/£1000 PAYDOX18 (#15) Done £18918.90
    • Karmacat
    • By Karmacat 5th Nov 18, 10:13 AM
    • 30,051 Posts
    • 174,273 Thanks
    Karmacat
    That's a good catchup weekend, greent and I'm loving the realisation that you too have some tiny jobs that have been put off for 8 years
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    • greent
    • By greent 5th Nov 18, 4:03 PM
    • 7,525 Posts
    • 76,437 Thanks
    greent
    I'm loving the realisation that you too have some tiny jobs that have been put off for 8 years
    Originally posted by Karmacat
    There's plenty more to go, Kc...… 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) £7127.06/£7500
    Net sales 2018 £721.53/£1000 PAYDOX18 (#15) Done £18918.90
    • greent
    • By greent 7th Nov 18, 8:05 PM
    • 7,525 Posts
    • 76,437 Thanks
    greent
    Heating chap for radiator/ boiler is booked for 19th and decorators for hall/ stairs/ landings walls and ceilings and dining room ceiling (has a mark on it from a leaking rad 2 years (maybe 3?) ago, so may as well get that done at same time! ) booked for 26th/27th (maybe 28th) - whoop! Ok - so it's spending money, but it's getting stuff DONE!

    Have been religiously logging foods on MFP all of (all 7 days now! ) this month. It's certainly making me mindful of what I'm eating...…. Am also trying to make sure I'm still using up random/ hanging around / excess items whilst doing so - at least whilst OH is away in the week

    Oooh, yes - both DD and DS1 have decided to come home for the weekend 16-18th of this month That will be lovely to see them both. Am sure they are also planning on topping up their food supplies, seeing as OH has said he will drive them back on the Sunday (they are both getting the train on the Fri) Still - that will create some room in the kitchen for Xmas goodies! I can also send them both back with their advent calendars - saves me posting them (I shall wrap them in brown paper (have a massive roll of it from soapmaking/ selling days - have used enough that I can finally lift it up!!) so they can't see what they have and are hopefully less tempted to eat any before Dec! )

    Not sure I've got any actual money-type news to report...….

    xx
    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) £7127.06/£7500
    Net sales 2018 £721.53/£1000 PAYDOX18 (#15) Done £18918.90
    • brizzlegirl
    • By brizzlegirl 10th Nov 18, 1:17 AM
    • 406 Posts
    • 2,683 Thanks
    brizzlegirl
    Loving your sorting the jobs that have been lurking for ages. It’s like decluttering...ridiculously pleasing...almost out of all proportion to the event itself. Love it
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 40% [29%May 25%June 15%July 32% Sept & Oct] 2018 Income Goal £100/£750 November Goals: AFDs 13/25; Decluttering 07/60; LSDs 05/10; NSDs 01/10 Exercise 02/15 12k steps per day pls Aiming to be a true Frugalista!
    • brizzlegirl
    • By brizzlegirl 10th Nov 18, 1:18 AM
    • 406 Posts
    • 2,683 Thanks
    brizzlegirl
    And I have now decided to make sure I buy advent calendars for my kids even when they have left home. Nice idea x
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 40% [29%May 25%June 15%July 32% Sept & Oct] 2018 Income Goal £100/£750 November Goals: AFDs 13/25; Decluttering 07/60; LSDs 05/10; NSDs 01/10 Exercise 02/15 12k steps per day pls Aiming to be a true Frugalista!
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