Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • mfmaybe
    • By mfmaybe 22nd Jan 14, 8:38 PM
    • 1,101Posts
    • 3,515Thanks
    mfmaybe
    Paying the car tax via EBay, and other shenanigans.
    • #1
    • 22nd Jan 14, 8:38 PM
    Paying the car tax via EBay, and other shenanigans. 22nd Jan 14 at 8:38 PM
    So the title will become obvious later, but I figured I need a diary. It's my first. It is mainly to keep me focused but maybe someone will read it too. Here's hoping!

    Stealing from another diary, I have decided my debts need paid off by my 40th, which is in 7ish months! It might not be completely achievable but I'm certainly going to try.

    First about me. I have a lovely husband, we live in the country with a few cats and a couple of horses. These latter fluffy things are of course the reason for permanent poverty. We certainly don't have a cheap lifestyle, the mortgage is big, we take nice holidays and have nice cars. We can manage it all quite comfortably (both of us have well paid jobs) but I'm not very disciplined about money and have let it get a bit of a bother. That said I'm not a compulsive shopper either, don't buy loads of clothes, don't smoke, Don't go out much etc. My husband isn't in debt and has some savings but neither of us are as comfortable as we should be. On the down side, we've spent a lot of money on IVF in the last year, will be doing so again this year, and our house (old and cold) really needs a few things done. We also got married just over a year ago which cleared out all my savings and that plus the IVF tipped me over the edge. So financial discipline is certainly needed.

    The debts:
    OD 4100
    Family member 5k
    Credit card 1600 on 0%

    All of the above are my debts, so not my husbands responsibility.

    We have assets. My car would cover most of my unsecured debt. I have 3k in an ISA. We have some joint savings. I own a rental flat with a very good LTV. My sister is in no rush for her repayment. So there is no panic stations. But no excuses either. So 7 months it is....

    Wish me luck
    BTL Overpayments since 20/4 5.90

    AFD May 11/15 NSD May 8/10

    Other debts paid since 1/1/14: 17,005
Page 36
    • mfmaybe
    • By mfmaybe 30th Jan 18, 1:20 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    I have just spent a bit of time C/P the thread on to a word document due to the things I've been reading about threads being deleted. Would hate to lose this - some real life changing events in here.

    Money news? No idea, I should probably check. I'm still in full house design mode.
    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 2nd Feb 18, 11:30 PM
    • 7,275 Posts
    • 35,697 Thanks
    brizzledfw
    That made me smile.

    Glad you're chirpy
    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 8th Feb 18, 2:20 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    Mostly Brizzle, but I had a bit of a sulk yesterday. My surgery requires new clothing and it's not going well. The ranges are limited and out of necessity are a style that have never done much for me. But I will find the solution eventually and in time when I have the second surgery it will all be fine. Mutter mutter.

    Meanwhile money has run away. Suddenly there has been a huge drain on the cash pot. Tax bill. Car insurance. House insurance. Cat was at the vet. Dental treatment. Aforementioned purchases. Hair appointment. The car recovery is almost due. And on and on. As I've been distracted I've not done much shopping around for the insurances either. So I do need to do a proper 2018 budget. For some of this year I will have regular income and I need to adjust my spending massively down the way. I think I need to re-instate the CCBF because most of the big payments came out of savings and I've not been topping them up for the last couple of months.

    So spreadsheet, here I come....
    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 22nd Feb 18, 10:53 PM
    • 7,275 Posts
    • 35,697 Thanks
    brizzledfw
    Hi MFM

    Hows the spreadsheet going??
    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 27th Feb 18, 4:27 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    Hi MFM

    Hows the spreadsheet going??
    Originally posted by brizzledfw
    The what now?

    Err I am actually currently doing the 2017 one. So it's a bit behind. I actually think I've done parts of it before and then lost it. So saving multiple times just now!
    BTL Overpayments since 20/4 5.90

    AFD May 11/15 NSD May 8/10

    Other debts paid since 1/1/14: 17,005
    • mfmaybe
    • By mfmaybe 28th Feb 18, 9:25 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    OK so finally completed 2017 and nearly up to date with this year.

    I need to decide how to account for spends on the house build though.
    BTL Overpayments since 20/4 5.90

    AFD May 11/15 NSD May 8/10

    Other debts paid since 1/1/14: 17,005
    • lucielle
    • By lucielle 1st Mar 18, 3:06 PM
    • 7,993 Posts
    • 34,190 Thanks
    lucielle
    It all sounds very exciting!


    L
    Total Debt Dec 07 59875.83 Overdrafts 2900,New Debt Figure ZERO !!!!!! 08/06/2013
    Lucielle's Daring Debt Free Journey
    DFD Before we Die!!!! Long Haul Supporter #124
    • mfmaybe
    • By mfmaybe 2nd Mar 18, 6:49 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    It is, Lucielle. But daunting too. I'm worried about going back to work and not having time to deal with it all.

    Meanwhile though I'm still off as I'm going through treatment. Amazing NHS staff getting to work in the terrible conditions. As my treatment is daily, it wouldn't have been ideal for there to be a break. That said, I get weekends off so I'm celebrating with a GnT; and only 6 days left in any case.
    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 4th Mar 18, 1:39 PM
    • 7,275 Posts
    • 35,697 Thanks
    brizzledfw
    Great to hear your treatment is unaffected. NHS heroes indeed

    Am sure you'll be good with it all. Don't be daunted. Loads to look forward to
    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 5th Mar 18, 6:50 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    Great to hear your treatment is unaffected. NHS heroes indeed

    Am sure you'll be good with it all. Don't be daunted. Loads to look forward to
    Originally posted by brizzledfw
    There is Brizzle, in the main. Managing to keep positive in the face of treatment and I seem to be escaping too many side effects. Still a week to go though so not counting my chickens yet.

    Slightly less positive is we have another poorly cat. The son of the adorable fluffball we lost last summer. This one has had a cough. He's got a (probably) tumour in his lungs. He's now in the vet school for various diagnostics; the good news is they talked treatment options, but we are still very worried about him. Can't believe we are facing this again so soon after losing his mum

    In money news, I am working through the finer details of the 2018 budget and trying to see how to improve the process. I have a ton of "pots" for all my annual bills, but hey yet again I've let the monthly CC get ahead of me and I'm struggling to save. I'm not beating myself up as my mind has been elsewhere. And this has been an expensive winter with horses on livery for the first time in years, extra diesel expense between the nursery run and the daily hospital trips, etc. We need to start working to a much tighter budget though, as once I stop working we will have a considerably smaller buffer. I will keep tweaking the numbers and see what the best course of action is.
    BTL Overpayments since 20/4 5.90

    AFD May 11/15 NSD May 8/10

    Other debts paid since 1/1/14: 17,005
    • mfmaybe
    • By mfmaybe 8th Mar 18, 4:46 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    Thought I'd do a status update/analysis of the current pots.

    1. Lorry costs. 582. This is due the MOT this month so will leave as is for now.
    2. Livery 400. This is a legacy from when I had to pay my field rent a year at a time. Currently paying livery out of monthly pay. Could re-badge this as the field maintenance fund for our new plot.
    3. Horse Holiday. 280. This is to pay for pet sitters. Shouldn't really need this in the medium term so will re-allocate.
    4. Holidays 300. Will I ever go away again?
    5. Presents 140. Need to keep adding towards this all year.
    6. Standard Vet 140. This is for the annual booster visit etc. I add to this each month.
    7. Car repairs 220. Car is definitely needing some work for its MOT, and the service light just came on. Might not be enough.
    8. Horse Yard items 120. Never enough
    9. Clothes 65. Hmm I don't tend to use this one as described. I save up, but when I buy clothes I tend not to clear this pot. Will decide on best plan. I budget 15/month but don't buy clothes that way. I have loads of clothes and no plans to buy more for now.
    10. Flat repairs 160. Just cleared some of this out to pay for some plumbing work.
    11. Car insurance 120. I didn't actually use that this year (was a January expense) so will re-allocate to the general savings and start again for next year.
    12. Emergency vet 1400. This is for the uninsured horse; but I've not been good about it recently. I should probably set a cap on what is a reasonable amount to have set aside.
    13.Parties 105. Haven't really used this. But DS will be 3 next birthday and may start to have opinions.
    14. Kids equipment 70. Like new car seat etc. Nothing on the horizon but will keep adding for now.
    15. Haircut 75. I Save into this but don't really empty it at the time of my appointment. Might just budget as cash rather than "saving" for it.

    Empty pots:
    16. Flat Gas. This is for the annual boiler service and landlord certificate. Just had this done.
    17. Dentist. Just had some work so cleared this out.
    18. Car recovery. Just put this on my CC so will clear this out when the bill needs paid.

    What is alarming is this equates to 4.5k. The big one is the emergency vet; which I have to hope to never need. What is confusing is that this is all in my savings account - so I think I have about 7k but I definitely do not. What is doubly alarming is I used to not save up for these things and had to keep funding them out of pay. This is where my original overdraft came from. It's scary to add it up.
    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 8th Mar 18, 5:43 PM
    • 7,275 Posts
    • 35,697 Thanks
    brizzledfw
    Hmm MFM..I have the same issue..the pots do not always equate to the amounts in the account. Well done on getting it all done though. I am sure if you can be strict accounting for everything in 2018 then you!!!8217;ll get it all reconciled. And after all you have had more important things..your health, your family, your move...to think about.

    Have a great weekend.
    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 9th Mar 18, 4:43 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    I think my main problem is lumping it in with my proper savings. It always makes me feel like I have a big cushion, but actually more than half of it is spoken for. <sadface>

    Anyway on to more sad money news. I am back to assessing the monthly CC damage.

    The Mastercard is currently zero. Hurrah.

    The Amex is not.

    Current balance 2403.81
    Less: (475) expenses that I've set aside.
    Less: (601) that my DH has spent on it.
    Less: (334) being DH half of our shared expenses.

    Hang on while I get my calculator. 994 for me to pay. Of which c700 is next pay day. There is a 98 flight that I could take out of my holiday pot. 70 in Clothes (aforementioned post surgery issue - I actually have a couple of things to return). So again could take this out of the relevant savings pot. A horrendous 263 in fuel (just mine) which is all the running around I am having to do just now. And 200 being my share of the food shopping, which is not as horrific as I was expecting. Plus some bits and pieces like new shoes for DS.

    So if I take 170 from my savings pots then I've to find c530 out of my next pay. No wonder my money always runs out!

    The month after is not so bad right now but I know I'm going to add more fuel - it's only half way through the billing month. But hospital runs finish after just one more trip which will make a difference. But we do have a night in a hotel coming up to pay for. We are off to the Homebuilding show in Birmingham. My share of it so far is already 300 so I just need to be super careful.
    BTL Overpayments since 20/4 5.90

    AFD May 11/15 NSD May 8/10

    Other debts paid since 1/1/14: 17,005
    • mfmaybe
    • By mfmaybe 13th Mar 18, 11:59 AM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    Did some housekeeping and backdating of the pots.

    1. Lorry costs. 582.
    2. Livery 358. Used a small amount to cover a soil analysis I had done.
    3. Horse Holiday. 280.
    4. Holidays 300. 100 spoken for on next credit card bill.
    5. Presents 40.
    6. Standard Vet 50.
    7. Car repairs 220.
    8. Horse Yard items 120.
    9. Clothes 65. Spoken for.
    10. Flat repairs 160. Just cleared some of this out to pay for some plumbing work.
    12. Emergency vet 1400.
    13.Parties 105.
    14. Kids equipment 70.


    Empty pots:
    11. Car insurance.
    15. Haircut
    16. Flat Gas. This is for the annual boiler service and landlord certificate. Just had this done.
    17. Dentist. Just had some work so cleared this out.
    18. Car recovery. Just put this on my CC so will clear this out when the bill needs paid.

    I've been propping up my current account recently with the rest of my savings. Luckily I get part of my bonus on Friday; this will restore what I've used in the last 3 or 4 months. I 100% refuse to beat myself up about it as I've gone through one of the toughest periods of my life in the last few months. But now I need to get back on the money wagon, big time. I think DH is on board. He knows once I stop working our disposable income will plummet. He mentioned something he wanted to buy that was on offer; I told him it was his money and his hobby and why was he asking me. But he said he's trying to think long term now and realises we will have to have a different approach to money. It's going to be really weird changing our tactics. I've never not had my own income. But my critical illness payment is allowing us to be (hopefully pretty close to, if not actually) mortgage free and this means I can take some time off work. So DH will fund the day to day stuff because we won't have a mortgage, or a tiny one. That's the plan, so we need to not spend stupid money on building our house

    My daily treatment finished yesterday (yaaaaaaaaay) so I have a bit of time today. I have a few admin things to catch up on. I will start a list here.

    Call back about the soil analysis
    Print out cat insurance form, complete and scan.
    Complete medical form.
    Email barn pics to architect
    Meter readings
    Arrange gas service for current house
    Sort out services for new house
    Call about groundworks.
    BTL Overpayments since 20/4 5.90

    AFD May 11/15 NSD May 8/10

    Other debts paid since 1/1/14: 17,005
    • mfmaybe
    • By mfmaybe 13th Mar 18, 12:27 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    Oh god I forgot a pot. The big (yet totally empty) one. The one that is actually in the title of my diary.

    Yes the blinking road tax. Sigh.
    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 13th Mar 18, 9:12 PM
    • 7,275 Posts
    • 35,697 Thanks
    brizzledfw
    I feel your pain..

    But well done on getting it all down on a page in its full ugly glory. The only way is up... as some 80s one hit wonder once sang.. maybe it was Chesney??!!

    I digress!!

    Have a good rest of the week x
    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
    • in need of direction
    • By in need of direction 14th Mar 18, 11:08 PM
    • 4,994 Posts
    • 28,755 Thanks
    in need of direction
    Yazz and the plastic population.
    Mortgage at 01.01.14 119,481.83 today 75,897.72, target 65,000 by 31/12/18 Offset fund today 227.27 target 5,500 by 31/12/18
    Emergency fund 0.7/5.5k & 200/200 cash.
    Current weight loss RUBBISH need to refocus
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • mfmaybe
    • By mfmaybe 15th Mar 18, 1:49 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    I feel your pain..

    But well done on getting it all down on a page in its full ugly glory. The only way is up... as some 80s one hit wonder once sang.. maybe it was Chesney??!!

    I digress!!

    Have a good rest of the week x
    Originally posted by brizzledfw
    Yazz and the plastic population.
    Originally posted by in need of direction
    I would like to pretend I have no idea what you are both on about, but sadly I'm only too familiar, which shows my age alarmingly.

    Did a proper MSE thing today. Needing washing powder, so had a quick look on mysupermarket before I went out, and found out Morries was 3 less than anywhere else. Also found the cat food on offer there too, so feeling under control, if not exactly frugal.
    BTL Overpayments since 20/4 5.90

    AFD May 11/15 NSD May 8/10

    Other debts paid since 1/1/14: 17,005
    • mfmaybe
    • By mfmaybe 19th Mar 18, 1:52 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    So today the sun is out. Hallelujah. We had a pretty miserable weekend weather wise again; though not as bad as other parts of the country. So it's very welcome to see some sun and feel the warmth - behind a window at least.

    I had a "phew" moment yesterday when I remembered I had paid the deposit on our current rental out of my unallocated savings. So assuming none of it gets held back when we leave, that should pad it back up again. It was 1800, so not to be sniffed at.

    Other MSE thing done today was to return 2 items for a 16 refund. Every little helps

    I've also just had a look at March budget and it seems almost manageable. Excluding the cards, I show a surplus of 160. But the monthly Amex I'm due to cover 530. So really 370 short. So I think the plan is to put the budgeted money into the annual bills pots (especially the empty ones!) and instead not transfer the fuel and food shopping money into the Amex account. This should theoretically balance the budget. Next on my to-do list is to go and update the Amex transactions and see what next month's shortfall looks like. At last count it was 300 but it's probably already more like 450.

    I also need a mammoth to-do list
    Sort out services for new house
    Vet form
    Medical form
    Pack for Thursday
    Prepare plan for Friday
    Call groundworks contractors
    Arrange lorry MOT
    Arrange car MOT
    Gas service for rental house
    Advertise flat to rent

    That'll do for now. It's not really the full list but it's a start.
    Last edited by mfmaybe; 19-03-2018 at 2:00 PM.
    BTL Overpayments since 20/4 5.90

    AFD May 11/15 NSD May 8/10

    Other debts paid since 1/1/14: 17,005
    • mfmaybe
    • By mfmaybe 19th Mar 18, 6:49 PM
    • 1,101 Posts
    • 3,515 Thanks
    mfmaybe
    Made some slow progress.

    Sort out services for new house. SSE Quote applied for. SSW all paperwork filled in, it just needs scanned. DH is taking it to work
    Vet form DONE
    Medical form DH scanning at work tomorrow
    Pack for Thursday STARTED
    Prepare plan for Friday STARTED. The app is helpful
    Call groundworks contractors
    Arrange lorry MOT
    Arrange car MOT
    Gas service for rental house DONE (or at least arranged).
    Advertise flat to rent
    Last edited by mfmaybe; 19-03-2018 at 9:43 PM.
    BTL Overpayments since 20/4 5.90

    AFD May 11/15 NSD May 8/10

    Other debts paid since 1/1/14: 17,005
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,714Posts Today

7,918Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line? https://t.co/kwjvtd75YU

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin