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  • FIRST POST
    • AlexLK
    • By AlexLK 8th Mar 15, 11:07 PM
    • 6,066Posts
    • 32,093Thanks
    AlexLK
    Renovations and Repayments.
    • #1
    • 8th Mar 15, 11:07 PM
    Renovations and Repayments. 8th Mar 15 at 11:07 PM
    Hello and welcome to visitors familiar with my journey thus far and are surprised to see me on such a sensible board and a further warm welcome to the new faces wondering what they've let themselves in for.

    Let me begin by clarifying a few points: the first one is I am not sure whether I'm actually serious or not about clearing my mortgage and the second is the fact my house needs quite a bit of work doing to it. This work I do myself and in the time my wife and I have lived in the house we've learnt all kinds of new skills. The current project involves renewing the windows and I am making the frames myself, two are done and I'm pleased to say look great.

    I plan to use this mortgage free (how very grown up) diary to document the renovations and my savings activities, out of which overpayments may or may not be made. However, I am fully committed to long term saving and making as much money as possible. A long term goal of mine is to add to the BTL portfolio I shall one day inherit and am already becoming more involved in which is perhaps a good reason to pay my mortgage off and make my current property into an investment.

    Aside from the recent interest in moneysaving I have a four year old son, run my own company, play and teach the violin and piano whilst studying for my own interest. Oh and don't mention the cars.

    Those familiar with my debt-free diary will know I'm not exactly great at record keeping but am trying to improve, so please don't expect the detailed financial updates others seem to put on here. To kick things off, I suppose I ought to confess the mortgage debt is a total of circa 185,000 and I have no real timescale or plan in mind to pay it off.

    Sorry if this is not a particularly articulate introduction, as I seem to be at a loss how to tailor it to both those who've read my debt free diary and to new readers frequenting mortgage free.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
Page 110
    • zcrat41
    • By zcrat41 10th Oct 16, 6:49 AM
    • 1,405 Posts
    • 3,858 Thanks
    zcrat41
    A 50 year old bathroom in a Coke colour will put off an awful lot of potential buyers if you're wanting to sell.
    Started aiming for Mortgage Neutrality July 2016.
    Aug 2016 target - 277.30. Achieved so far 281.84
    Total saved since start: 458.97
    • newgirly
    • By newgirly 10th Oct 16, 6:49 AM
    • 6,263 Posts
    • 43,247 Thanks
    newgirly
    When have I alluded to my wishes being more important?

    Let my wife make the house as she wants it? No thank you, NG. I am here a lot more than she is and her ideas for the house are for the most part ghastly. I've every intention to finish the house but it is not my main priority and at the moment


    Sorry Alex, but you answered your own question there


    You don't sound in a great place today, everything seemed much more positive lately for you. People's comments not agreeing may not help when you feel like that too, but you do write quite a personal mfw diary warts and all which does encourage that (nothing wrong with that, I do the same !) I hope you have a better week, you have achieved so much this year, one month with no op is a small blip
    MFW 21
    Target for 2018 40k/11,092 paid so far

    Mortgage 38,275 4yrs 1mth left. Total owed 50,898 plan to clear in 14 months
    • SingleSue
    • By SingleSue 10th Oct 16, 7:50 AM
    • 10,182 Posts
    • 57,225 Thanks
    SingleSue
    I agree, it's only one op missed and when you think how much work you have had done, you have done brilliantly well this last year.

    I'll say what I have said before....YOU HAVE NOT FAILED. YOU ARE NOT A FAILURE. YOU ARE NOT A BAD PERSON.

    Sorry for shouting but I do think you need to have this said to you in a very loud voice!
    We made it! One graduated, 2 currently at university, been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
    Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk!
    • hiddenshadow
    • By hiddenshadow 10th Oct 16, 7:58 AM
    • 2,478 Posts
    • 11,340 Thanks
    hiddenshadow
    Not had a great day today. Really questioning the future and some of the choices I've made which directly impacts on my income. To be honest, I'm making even less money as of late and spending more. We won't overpay this month and I've no motivation to try to make some money to be put into our non-existent savings. Tried to bring up potential time scales for selling the house but that wasn't one of my wisest moves.
    Originally posted by AlexLK
    Sorry you're feeling this way, I've been in the same slump before re: finances and it can be hard to break out of.

    Renovating the bathroom would cost the purchase price of the MG plus the c.2,000 I've spent on it. To be honest, it seems like a lot of money to spend on this place again.

    ...

    My point was to illustrate it still functions perfectly well. As this is the money SAVING expert, do you really think it is worth replacing for those reasons?
    This seems to hearken back to earlier in your thread when you kept bringing up the SAVING aspect of the site to justify buying...something. Pens, maybe. Your posts seem quite keen on prioritising saving to buy (and/or renovate) classic cars (which could also be "saved" by not doing it in the first place ) and not on saving to give yourselves a financial cushion or fix up your house. There's nothing wrong with your priority being a car over the place you live in, as long as it works for you/your family, but it is quite a disconnect from the overall tone of MSE which is more towards the frugal side (and emphasises needs over wants, as evidenced by "renting your parking space" being in the motoring section over "how to spend 2k more on a car you just bought and don't need to drive anywhere" ). Hence the (gentle!) pushback on your thread, I think. As I said, if it works for you and your family, great, but it sounds like MrsK would like the bathroom redone, so maybe it doesn't?
    MFW: 197,100 (2013) to 100,646 (May '18)
    2018 MFW #56: 4,000/105,000 3% / MFiT-T4 #15: 58,854/90,000 65%
    • maman
    • By maman 10th Oct 16, 11:42 AM
    • 17,887 Posts
    • 107,127 Thanks
    maman
    Tried to bring up potential time scales for selling the house but that wasn't one of my wisest moves.


    My point was to illustrate it still functions perfectly well. As this is the money SAVING expert, do you really think it is worth replacing for those reasons?[/

    I understand where you're coming from re. school. Beyond what happened, I'm unimpressed by the way it was handled by the school. That has concerned me as much as the crime itself.
    Originally posted by AlexLK


    Sorry to hear you've not had a good day Alex but I really think sometimes you can be your own worst enemy.


    When you brought up the idea of selling the house and moving, where were you planning to move to? If you're still wanting to move in with your parents I can see why MrsK wasn't receptive.


    MrsK wants a comfortable family home for your family. That's the three of you. I'm you could find a decorative style for the bathroom that would please you both. I think this goes way beyond the bathroom and comes down to the fact that you still see your real home being your parents' house.


    From memory, you wanted the school to search children and maybe even call the police. That just isn't going to happen over a pen, however precious it is to you. It would need to have been something like good evidence over a suspected weapon to bring about this sort of action.


    I think we all have up and down times with finances. Some months there are just more outgoings than others. What would you normally do to make some money?


    Hope today's a better day for you.
    • AlexLK
    • By AlexLK 11th Oct 16, 12:05 AM
    • 6,066 Posts
    • 32,093 Thanks
    AlexLK
    A 50 year old bathroom in a Coke colour will put off an awful lot of potential buyers if you're wanting to sell.
    Originally posted by zcrat41
    I know it needs to be dealt with before any sale happens.

    When have I alluded to my wishes being more important?

    Let my wife make the house as she wants it? No thank you, NG. I am here a lot more than she is and her ideas for the house are for the most part ghastly. I've every intention to finish the house but it is not my main priority and at the moment

    Sorry Alex, but you answered your own question there

    You don't sound in a great place today, everything seemed much more positive lately for you. People's comments not agreeing may not help when you feel like that too, but you do write quite a personal mfw diary warts and all which does encourage that (nothing wrong with that, I do the same !) I hope you have a better week, you have achieved so much this year, one month with no op is a small blip
    Originally posted by newgirly
    That comment didn't sound very nice, I'll admit. My wife understands I have final say over what happens to the house because I'm here more and also she admits I have good ideas which work well when executed.

    Thank you, NG. Things have been slipping for a few days now and I'm finding it hard to stay positive. Today has been a real low point for various reasons, trying to remember that a bad day doesn't have to mean tomorrow is a bad day also.

    It's not the lack of an OP which is bothering me too much. The television is the reason for this month's blip; I'm actually quite pleased with that purchase. Whilst we haven't watched it much, tonight my wife and I decided to watch a film for the first time in forever and it was a rather pleasant experience. At the moment I am concerned about making an income other than that guaranteed by my parents which often seems like more an allowance than an actual income.

    I agree, it's only one op missed and when you think how much work you have had done, you have done brilliantly well this last year.

    I'll say what I have said before....YOU HAVE NOT FAILED. YOU ARE NOT A FAILURE. YOU ARE NOT A BAD PERSON.

    Sorry for shouting but I do think you need to have this said to you in a very loud voice!
    Originally posted by SingleSue
    Thanks, Sue. Wish I could say that I thought I'd done well, just seems like another wasted year to me.

    Not sure I'll ever believe that, no matter how loud you shout.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • AlexLK
    • By AlexLK 11th Oct 16, 12:35 AM
    • 6,066 Posts
    • 32,093 Thanks
    AlexLK
    Sorry you're feeling this way, I've been in the same slump before re: finances and it can be hard to break out of.

    This seems to hearken back to earlier in your thread when you kept bringing up the SAVING aspect of the site to justify buying...something. Pens, maybe. Your posts seem quite keen on prioritising saving to buy (and/or renovate) classic cars (which could also be "saved" by not doing it in the first place ) and not on saving to give yourselves a financial cushion or fix up your house. There's nothing wrong with your priority being a car over the place you live in, as long as it works for you/your family, but it is quite a disconnect from the overall tone of MSE which is more towards the frugal side (and emphasises needs over wants, as evidenced by "renting your parking space" being in the motoring section over "how to spend 2k more on a car you just bought and don't need to drive anywhere" ). Hence the (gentle!) pushback on your thread, I think. As I said, if it works for you and your family, great, but it sounds like MrsK would like the bathroom redone, so maybe it doesn't?
    Originally posted by hiddenshadow
    I'm finding being self employed particularly difficult at the moment as my daily motivation is very low. Could hardly drag myself out of bed this morning, let alone find the motivation to do anything which would earn money. There's a part of me that wants to do well in my own right and is really rather embarrassed by the fact my wife and parents pay my way but I can't see a way to make it happen.

    My wife also likes cars but thinks things are getting a little out of hand. Currently we have 6 cars and I suppose I have been indulging 4 of them a little too much as of late. I think we should sell a couple but I can't make my mind up. One of the six is Mrs K's company car, so that obviously cannot go anywhere. I also have my LR which is not being sold. The other four are all classics which I am quite deeply attached to: one I've had for longer than I've known my wife and spent a ridiculous amount of money on, one is just like a car my father had when I was a schoolboy, one is the MG and the final one is an everyday classic saloon which we can use no matter the weather or occasion. They all serve a purpose and I've also seen another car which would be very nice to have too. On the other hand I've not bought a pen for a month or so, though. As for this being money saving, it is because all these things I invest in are appreciating assets.

    Sorry to hear you've not had a good day Alex but I really think sometimes you can be your own worst enemy.

    When you brought up the idea of selling the house and moving, where were you planning to move to? If you're still wanting to move in with your parents I can see why MrsK wasn't receptive.

    MrsK wants a comfortable family home for your family. That's the three of you. I'm you could find a decorative style for the bathroom that would please you both. I think this goes way beyond the bathroom and comes down to the fact that you still see your real home being your parents' house.

    From memory, you wanted the school to search children and maybe even call the police. That just isn't going to happen over a pen, however precious it is to you. It would need to have been something like good evidence over a suspected weapon to bring about this sort of action.

    I think we all have up and down times with finances. Some months there are just more outgoings than others. What would you normally do to make some money?

    Hope today's a better day for you.
    Originally posted by maman
    I know I am, maman. Still can't seem to pull myself away from it, though.

    Yes, moving home but perhaps staying here for another five years. You're right about where I think of as "home". Not sure why my wife should get everything she wants - if we stay here five years longer, she will have been here for nigh on fifteen years at that point. We could then have fifteen years in my parents' house before potentially passing it onto our son and moving away, perhaps to the South of France or Cornwall or somewhere else. I don't really know my long term plans but if she has fifteen years here, surely I should have fifteen years living somewhere I am happy to call "home"?

    I cannot see how an act of theft can be dealt with like this, to be honest. Sentimental value aside, surely had the child stolen 275 from a shop (in cash or goods), it would be dealt with in a very different manner? My mother (who gave me the pencil) thinks I ought not go back.

    The problem is me not being able to face making money. I usually am involved with buying, restoring and selling antique furniture and other antique / collectable items but just cannot face dealing with it and also with customers. I do earn an income from teaching Music also but that is combined with my wife's income to pay our day to day expenses, so not of any help.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • Watty1
    • By Watty1 12th Oct 16, 2:47 PM
    • 2,989 Posts
    • 21,283 Thanks
    Watty1
    Alex you are clearly practical and creative so why not buy a cheap white bathroom suite and create???
    have seen a old buffet table sideboard turned into a double sink vanity unit - it was really stunning and lots of other old pieces could be re-purposed. You might also create a room you love and feel the house belonged to you then.
    Mortgage at start of diary Sept 2013: 132,995 Aug 2015 0
    Overpaid next mortgage. 79,491 down to 27152
    Changing focus for now
    • misscousinitt
    • By misscousinitt 12th Oct 16, 4:13 PM
    • 3,611 Posts
    • 20,870 Thanks
    misscousinitt
    Alex you are clearly practical and creative so why not buy a cheap white bathroom suite and create???
    have seen a old buffet table sideboard turned into a double sink vanity unit - it was really stunning and lots of other old pieces could be re-purposed. You might also create a room you love and feel the house belonged to you then.
    Originally posted by Watty1
    Great idea Watty

    MCI
    Mortgage Free x 1 03.11.2012 - House rented out Feb 2016
    Mortgage No 2: 91,471.25 (11.01.2018)
    OP's to Date 5500

    Renovation Fund:736.95;
    Nectar Points Balance: approx 2.50 (after microwave purchase
    • AlexLK
    • By AlexLK 12th Oct 16, 11:08 PM
    • 6,066 Posts
    • 32,093 Thanks
    AlexLK
    Alex you are clearly practical and creative so why not buy a cheap white bathroom suite and create???
    have seen a old buffet table sideboard turned into a double sink vanity unit - it was really stunning and lots of other old pieces could be re-purposed. You might also create a room you love and feel the house belonged to you then.
    Originally posted by Watty1
    Great idea Watty

    MCI
    Originally posted by misscousinitt
    Thanks for the suggestion, Watty.

    I have a good idea of what I want to do with the bathroom (think I discussed on here before) but at the moment we cannot afford to do it.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • AlexLK
    • By AlexLK 12th Oct 16, 11:17 PM
    • 6,066 Posts
    • 32,093 Thanks
    AlexLK
    Well, today my pencil was returned by "child b" (the one I've spent a lot of time, effort and money on). All very apologetic, guilty and weepy. Apparently she did it because she "wanted to know what it was like to have a silver pencil in her violin case"???! I honestly still do not know how to react to that.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • A Frayed Knot
    • By A Frayed Knot 13th Oct 16, 12:01 AM
    • 2,363 Posts
    • 10,539 Thanks
    A Frayed Knot
    That is amazing news, you must be so pleased and disappointed at the same time. The girls parents must have caught sight of the pencil and made her return it. She obviously liked it and maybe obviously didn't know the value sentimental or value's worth.

    So pleased it's back with it's rightful owner.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 19 months 5/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • CathT
    • By CathT 13th Oct 16, 5:42 AM
    • 5,542 Posts
    • 38,636 Thanks
    CathT
    Good news the pencil has been returned.

    Do you have any plans for half term? Not long to go. We have a couple of NT properties locally that we enjoy this time of year.
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • newgirly
    • By newgirly 13th Oct 16, 7:34 AM
    • 6,263 Posts
    • 43,247 Thanks
    newgirly
    Glad you got the pencil back, although wrong to take it she was brave returning it to you.
    MFW 21
    Target for 2018 40k/11,092 paid so far

    Mortgage 38,275 4yrs 1mth left. Total owed 50,898 plan to clear in 14 months
    • Watty1
    • By Watty1 13th Oct 16, 8:47 AM
    • 2,989 Posts
    • 21,283 Thanks
    Watty1
    What a brave child. Suspect there was an element of wanting to be like the teacher that has been so encouraging. Bless. Yes wrong to take, but needs praise for doing the right thing.
    Mortgage at start of diary Sept 2013: 132,995 Aug 2015 0
    Overpaid next mortgage. 79,491 down to 27152
    Changing focus for now
    • tootallulah
    • By tootallulah 13th Oct 16, 5:24 PM
    • 2,118 Posts
    • 7,391 Thanks
    tootallulah
    She shouldn't have done it but the easy thing would have been not to return it so kudos to her. You never know what is going on inside someone's head.
    Mortgage House 45,000, 26 January 2018, 28th April 16,500.
    • AlexLK
    • By AlexLK 13th Oct 16, 10:49 PM
    • 6,066 Posts
    • 32,093 Thanks
    AlexLK
    That is amazing news, you must be so pleased and disappointed at the same time. The girls parents must have caught sight of the pencil and made her return it. She obviously liked it and maybe obviously didn't know the value sentimental or value's worth.

    So pleased it's back with it's rightful owner.
    Originally posted by A Frayed Knot
    I thought it was gone forever, so I am certainly pleased to have it back.

    I do think she was genuinely sorry and regretted doing what she did but that hasn't stopped me being very disappointed. Managed to not lose my temper, at least.

    Good news the pencil has been returned.

    Do you have any plans for half term? Not long to go. We have a couple of NT properties locally that we enjoy this time of year.
    Originally posted by CathT
    Thanks, Cath.

    Not even thought about half term yet. It's also my son's birthday in just over a month and still have no plans for that, either. At the moment my son seems quite run down and tired, so I think we'll have a quiet half term. Will probably have a walk around the Chatsworth estate one day with my parents and the dogs, possibly have a look what they're doing for Halloween there. How is your son settling into Reception?

    Glad you got the pencil back, although wrong to take it she was brave returning it to you.
    Originally posted by newgirly
    I agree, NG but hope she realises it is an unacceptable thing to do. We talked about an act such as this potentially putting her future career choice (violin teacher, which she seems very set on) into jeopardy and that she was very lucky I didn't get the police involved.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • AlexLK
    • By AlexLK 13th Oct 16, 10:57 PM
    • 6,066 Posts
    • 32,093 Thanks
    AlexLK
    What a brave child. Suspect there was an element of wanting to be like the teacher that has been so encouraging. Bless. Yes wrong to take, but needs praise for doing the right thing.
    Originally posted by Watty1
    My wife said something similar. Poor girl needs all the help she can get if she thinks I'm a suitable role model.

    I did tell her I am very thankful for her returning it and will continue to teach her. Hopefully I won't come to regret that decision.

    She shouldn't have done it but the easy thing would have been not to return it so kudos to her. You never know what is going on inside someone's head.
    Originally posted by tootallulah
    Yes, that's very true.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • AlexLK
    • By AlexLK 13th Oct 16, 11:16 PM
    • 6,066 Posts
    • 32,093 Thanks
    AlexLK
    NSD today. Apart from that, it hasn't been so good. Had a terrible night's sleep and not been particularly well today. Managed to get through it and I've kept myself busy, also managed to put a couple of things up for sale which should see some profit. Son had an awful day at school with a substitute teacher who refused to let him go to the bathroom, apparently because lunch was 10 minutes away. After I thought everything was going fairly smoothly with school, he now doesn't want to go to school tomorrow.

    Decided that for the rest of the year I'm not going to buy anything unnecessary for the cars. Hopefully I'll be able to put a little more money into the savings before the end of the year.
    2018 totals:
    Savings 7,600
    Mortgage Overpayments 1,750
    • CathT
    • By CathT 14th Oct 16, 6:41 AM
    • 5,542 Posts
    • 38,636 Thanks
    CathT
    A quiet half term is planned here too. Over the last year or so whenever I've asked the children what they would like to do at the weekend I.e a day out, they just want to go to the park or ride their bikes. They're so busy with extra curricular things that half term is needed for a rest! NT properties are our limit!

    He's settling well thank you. I did think transition would be smoother as he's gone to private nursery full time since he was 2 and did 'wrap a round' during his nursery year. He found the days quite long though as think he was used to moving around more.

    Alex do you have any advice re: piano tuition please? Dd started a year ago, she's 8 niw and actually picked up scale of c on y0utube which impressed her first teacher at the initial lesson. She had a few lessons and then we started with a music school shortly after. I've been informed she's ready to work towards grade 1 but apart from a sheet of paper in her book there seems to be little progress or feedback. We are debating switching to a private teacher (for several reasons) as she is taught in a group of 4-6 children. Any tips re: timing? I thought getting her through grade 1 would be best but we don't seem to be moving forward and she's losing interest. She has a natural ability so want to nurture it and until recently she has been super keen and played at a concert at school and loved the feedback she got.

    Sorry, that went on longer than expected!
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
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