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  • FIRST POST
    • brizzledfw
    • By brizzledfw 5th Jan 12, 3:32 PM
    • 7,275Posts
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    brizzledfw
    LBM in 2003.. What have I been doing since??!
    • #1
    • 5th Jan 12, 3:32 PM
    LBM in 2003.. What have I been doing since??! 5th Jan 12 at 3:32 PM
    Hello

    I have decided to start a diary. Have lurked on here since early 2009, subscribed to loads of threads, loved all the camaraderie and found it very useful for getting shot of debt, starting savings and all that kind of good stuff but then have slipped and skidded into more debt, especially as I left a FT job this spring and yet seem to be still living as if I was FT and not PT...loving feeling more human though and seeing more of the kids but financially it's not great. I need to welcome and appreciate living a much more frugal life.

    HOWEVER..even writing that seems bonkers as for a household we are well off with an embarrassingly high income of about 90k gross. But clearly as the newly updated signature shows there is no hiding that we (OH, me and 2 DDs) are living beyond our means, failing to prioritise the right things and generally need to rectify all this otherwise, well no otherwise, it simply can't continue. All the savings and OP pot will go and I won't be able to rob Peter to pay Paul anymore which is what I think I have been doing.. Not sure ( which is also embarrassing ) but must have been plus then started to use the 0% credit cards again which can be a slippery slope if not used properly.

    I am going away now to do some more on why I have got myself into this mess, ensure I am clear there is no going back and also what my goals are. Hoping this will help me focus and as you guys ( hope you're reading are such a supportive bunch on here I am hoping you will also help me! But even if no one reads, I think I need the discipline of sticking to a programme..I can't afford to slip again. This needs to be a new permanent way of life. Currently we try and do all the things that make us feel good about ourselves, the world, the environment, our family..but perhaps we can't do it all and need to make choices? I guess everyone must but we have just not had to as yet.

    So a few things to do. Sorry for rambling first post but I needed to take the first step!! Which also reminds me must check out the 'what DFW things have you done today' thread..that used to be magic. Used to love doing that 'stock take' every day

    Onwards and upwards

    Cheers

    Brizzle
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
Page 228
    • beanielou
    • By beanielou 8th Mar 18, 10:22 PM
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    beanielou
    Aha. Its great comment indeed statement. By the way Happy International Womens Day to everyone (men and women )

    I have just worked out we own 72% of our house...now that is truly a great feeling. May push me onto trying to make some mortgage OPs....but we shall see as ISAs and EFs and all the other pots have their role to play too.
    Originally posted by brizzledfw

    Great news on 72% of your house.
    Can you please remend me how you do it?
    Thanks.
    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.
    • brizzledfw
    • By brizzledfw 8th Mar 18, 10:30 PM
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    brizzledfw
    Not sure I follow Beanie...am I missing something? Just looked at Rightmove and took £50k off advertised price of a similar but bigger house, then worked out our mortgage as a percentage. Its great to think we own so much more than the bank does now - quite cheered me up!
    Last edited by brizzledfw; 09-03-2018 at 7:21 AM.
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • brizzledfw
    • By brizzledfw 9th Mar 18, 7:26 AM
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    brizzledfw
    Nice day and its light!! Off on a training course today. Wasnt sure whether to do it as wont be paid but I do need to do some CPD sometimes..and there is a free lunch

    Operation No Spend going Ok. So far OH has spent money from his spending pot (although note hes overdrawn on that pot so need to pick that up) and i have spent some (but less than £20) on groceries. Thats it.

    Looking forward to the weekend and the imminent money shuffle

    Have a great day

    Brizzle xx
    Last edited by brizzledfw; 09-03-2018 at 7:29 AM.
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • beanielou
    • By beanielou 9th Mar 18, 8:58 AM
    • 53,939 Posts
    • 213,711 Thanks
    beanielou
    Sorry brizzled for confusing you.
    I cant remember the way to work out how much of the house that I owe
    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.
    • jwil
    • By jwil 9th Mar 18, 2:29 PM
    • 8,504 Posts
    • 26,015 Thanks
    jwil
    No out of ordinary rain here on Monday. Several heavy hail showers on Wed though!

    Congrats on owning so much of your house! I think we own about 41%. Would be nice to get to 50%+

    Beanie - divide the equity in your home by the total house value and then multiply by 100. So if your house is valued £100,000 and you have a mortgage of £20,000 = £80,000/£100,000 = 0.8 X 100 = 80%.
    "If you can dream it, you can do it". Walt Disney
    • mfmaybe
    • By mfmaybe 9th Mar 18, 3:35 PM
    • 1,101 Posts
    • 3,516 Thanks
    mfmaybe
    We own 0% of our current home (rented) but 100% of a large field

    I think my BTL is probably at about 70% ownership though. Interesting exercise to look at it the other way around to LTV calculations.
    BTL Overpayments since 20/4 £5.90

    AFD May 11/15 NSD May 8/10

    Other debts paid since 1/1/14: £17,005
    • beanielou
    • By beanielou 9th Mar 18, 7:25 PM
    • 53,939 Posts
    • 213,711 Thanks
    beanielou
    No out of ordinary rain here on Monday. Several heavy hail showers on Wed though!

    Congrats on owning so much of your house! I think we own about 41%. Would be nice to get to 50%+

    Beanie - divide the equity in your home by the total house value and then multiply by 100. So if your house is valued £100,000 and you have a mortgage of £20,000 = £80,000/£100,000 = 0.8 X 100 = 80%.
    Originally posted by jwil

    Thank you.
    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.
    • greent
    • By greent 9th Mar 18, 8:06 PM
    • 7,008 Posts
    • 71,548 Thanks
    greent
    Well done on being at 72% ownership - fab stuff! - and brill ISA figure, too!
    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) £877.49/£4000
    Net sales 2018 £491.03/£1000 PAYDOX18 (#15) £13869.38/£18694.38
    • Seasidegal58
    • By Seasidegal58 10th Mar 18, 9:53 AM
    • 1,912 Posts
    • 11,752 Thanks
    Seasidegal58
    Well done brizzle on the home ownership figure! Great news!

    Wow you've been a whirlwind this week - achieved so much. I hope you enjoy the film tonight. DD and I are getting tickets for 'I Tonya' tomorrow.

    And re International Women's Day - my firm treated us all to cakes in celebration. Cue sexist comments from various males! I said they didn't have to eat their cakes - I'd be happy to do it for them!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 20/05/2018: £646.59
    [CONOR=red]MONTHS TO RETIREMENT: 36!
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    [/COLOR]
    • brizzledfw
    • By brizzledfw 10th Mar 18, 5:20 PM
    • 7,275 Posts
    • 35,701 Thanks
    brizzledfw
    Yeah and they get the other 364 days to boot... we are readdressing centuries of patriarchy my friends... Especially in the City, what price the gender gap? That exercise throwing up some interesting facts and figures.. I know some banks and other organisations are still holding off publication.

    Lovely night out with friends and no sore head today. Whoop. Busy day doing chores and spending some money. Freshened up the work wardrobe but was in the sale. I am really trashing my shoes at the moment so got some new pairs.

    Finally letting the chickens out again into the bigger run..and just hoping that the big fox has found other things to eat!!

    Beanie...I am always a bit conservative about house values. Always think what if prices slip, its after all only worth as much as someone is prepared to offer on a given day. So I generally start with a conservative sum as the house value, not the asking price in the estates agents for a similar one for example.

    Off to the cinema. Couldnt find a suitable voucher so its back home for pizza afterwards. Spent £90 in Trose. But got lots of stuff and have meal planned. OH making a batch of curry for the week ahead as it happens too.

    Think thats it. Have a great weekend all

    Xx
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • Sun Addict
    • By Sun Addict 10th Mar 18, 5:22 PM
    • 5,722 Posts
    • 37,409 Thanks
    Sun Addict
    Great way of looking at your mortgage as a percentage of how much house you own Must encourage you to pay more off.
    Virtual Sealed Pot 2018 £250.33
    Debt £2500
    May NSDs AFDs
    Weight loss 7/10LBS
    Emergency Fund £2000/£10,000
    • brizzledfw
    • By brizzledfw 10th Mar 18, 5:33 PM
    • 7,275 Posts
    • 35,701 Thanks
    brizzledfw
    We own 0% of our current home (rented) but 100% of a large field

    I think my BTL is probably at about 70% ownership though. Interesting exercise to look at it the other way around to LTV calculations.
    Originally posted by mfmaybe
    A complete field...now that is exciting....I would love an orchard or wood...do you have room for that too?

    Xx
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • brizzledfw
    • By brizzledfw 10th Mar 18, 5:34 PM
    • 7,275 Posts
    • 35,701 Thanks
    brizzledfw
    Great way of looking at your mortgage as a percentage of how much house you own Must encourage you to pay more off.
    Originally posted by Sun Addict
    Hmm. Thats the idea, but in fact I am pushing more into the pension and the S&S ISA and the EF. The boiler is also losing pressure so the servicing guy is out this week. A newboiler would trash my savings so fingers crossed a new part will sort it for a few more years. But yes forwards on all fronts. I do want to have a tiny mortgage in 5 years or even better...no mortgage at all
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • brizzledfw
    • By brizzledfw 11th Mar 18, 8:59 AM
    • 7,275 Posts
    • 35,701 Thanks
    brizzledfw
    Morning!

    Need to find a way to combine exercise with RL, commuting etc so OH dragging me out to a class this morning. Its a good idea but fear I may be broken by lunchtime!!

    Planning a quiet day. Hoping for a 4 day week this week..Need to recharge, but we shall see

    Have a great Sunday and look after yourselves, whether a mum or not

    Love Brizzle xx
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • mfmaybe
    • By mfmaybe 11th Mar 18, 1:45 PM
    • 1,101 Posts
    • 3,516 Thanks
    mfmaybe
    A complete field...now that is exciting....I would love an orchard or wood...do you have room for that too?

    Xx
    Originally posted by brizzledfw
    I hope a very small version. We will probably plant some trees right down at the far end of the horses field; between them and the neighbour's house. (Including a few baby christmas trees so we can cut down our own). And then in the house plot, between the house and the road, we will plant some fruit trees.
    BTL Overpayments since 20/4 £5.90

    AFD May 11/15 NSD May 8/10

    Other debts paid since 1/1/14: £17,005
    • brizzledfw
    • By brizzledfw 11th Mar 18, 3:21 PM
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    • 35,701 Thanks
    brizzledfw
    Sounds great. Get some traditional varieties from a specialist nursery. Its so much fun choosing and certainly down here its nice to get apple trees for cider We also had cobnuts, medlars (which I adore) and plums. Oh and sloes...so blackthorn. Can you tell I love a fruit tree that needs no care other than a harvest at the appropriate time??!!
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • beanielou
    • By beanielou 11th Mar 18, 3:26 PM
    • 53,939 Posts
    • 213,711 Thanks
    beanielou
    Agree that house is only worth what someone will pay on any given day.
    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.
    • brizzledfw
    • By brizzledfw 11th Mar 18, 3:29 PM
    • 7,275 Posts
    • 35,701 Thanks
    brizzledfw
    Nice quiet day. Some work to help make the week less stressful, some exercise and I was spoilt this morning with flowers, cards and a present from DD1. Nice lunch too - mashed avocado and egg on toast. Sourdough toast too - OH does have his uses

    Will do some more work later, but for now signing off to cruise the diaries and update YNAB a bit. Hoping for a much better savings rate this month. As I have hiked our income that should help, but also we are cutting back on some stuff too. The school trip total is a nightmare though..as previously reported - best part of £600 has had to be paid this month with more to come.

    Boiler man coming Tuesday and motorhome servicing too is expected to be massive...have just adjusted YNAB to take account of the expected humungous amounts we expect it to cost...but fingers crossed for a reasonable outcome ladies and gents. Oh and currently not taking students this summer, (but note I said this last year and then got two as they were desperate and I thought who am I to turn down hard cash) but may have one at the half term breaks. Also planning to try and shift a couple of items on the Bay, IT stuff...will see how it goes. Not trying for clothes etc at the moment, they can go to a CS we have decided

    A freezer meal this evening (mackerel)..whoop and then maybe some Line of Duty?
    Last edited by brizzledfw; 11-03-2018 at 3:32 PM.
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • brizzledfw
    • By brizzledfw 11th Mar 18, 3:35 PM
    • 7,275 Posts
    • 35,701 Thanks
    brizzledfw
    Agree that house is only worth what someone will pay on any given day.
    Originally posted by beanielou
    Yes I try to keep it separate in my mind...I hope to get the same thinking underway with the EF and not just raid it every week for some 'unexpected' expense (which could have always been foreseen..bit like what says about Xmas)..on that note I have just moved £500 across from the EF to the current account to help with cashflow until next Friday when most of the household money seems to come in this month, but I have made a corresponding forward dated transfer for then to move the money back, and top up some more..small steps maybe?
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • Seasidegal58
    • By Seasidegal58 11th Mar 18, 4:33 PM
    • 1,912 Posts
    • 11,752 Thanks
    Seasidegal58
    Yeah and they get the other 364 days to boot... we are readdressing centuries of patriarchy my friends... Especially in the City, what price the gender gap? That exercise throwing up some interesting facts and figures.. I know some banks and other organisations are still holding off publication.

    Lovely night out with friends and no sore head today. Whoop. Busy day doing chores and spending some money. Freshened up the work wardrobe but was in the sale. I am really trashing my shoes at the moment so got some new pairs.

    Finally letting the chickens out again into the bigger run..and just hoping that the big fox has found other things to eat!!

    Beanie...I am always a bit conservative about house values. Always think what if prices slip, its after all only worth as much as someone is prepared to offer on a given day. So I generally start with a conservative sum as the house value, not the asking price in the estates agents for a similar one for example.

    Off to the cinema. Couldnt find a suitable voucher so its back home for pizza afterwards. Spent £90 in Trose. But got lots of stuff and have meal planned. OH making a batch of curry for the week ahead as it happens too.

    Think thats it. Have a great weekend all

    Xx
    Originally posted by brizzledfw
    Very odd - I posted on your diary this morning and was sure that it arrived but can't see it anywhere!
    Anyway I said have a very happy Mother's Day (which you appear to have had). Also glad you had a good time on Friday and hope you enjoyed the cinema.

    Re the patriarchy - our firm is now of a size where they need to publish - waiting with baited breath on that one - I think I might just email HR on Monday to see how they are getting on with it........
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 20/05/2018: £646.59
    [CONOR=red]MONTHS TO RETIREMENT: 36!
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    [/COLOR]
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