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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 2,759Posts
    • 13,729Thanks
    shangaijimmy
    New Diarist - Attacking the Banks!
    • #1
    • 13th Mar 15, 12:18 PM
    New Diarist - Attacking the Banks! 13th Mar 15 at 12:18 PM
    Hi all,
    Thanks for popping and helping me to stay motivated. This would be the 3rd version of the opening post, but is reflective of where we are currently at. Lots has changed over the last 3 yrs, not least adding a 3rd child to our household!

    This post details my current goals, and as it seems a shame to ignore previous achievements I've summarised them below. This is a 120 payment challenge which would knock 11yrs off our initial draw down of 30yrs. I'm hoping for 100 payments so we'll see how we progress!

    Achievements - 39 payments
    • Balance - 92,897.77
    • Diary Reduction Total - 43,102.24
    • Cumulative Overpayments - 23,838.64
    • Monthly Average Overpayments - 595.97
    • Monthly Average Net Reduction - 1,077.56

    Long Term Targets
    • 5yr/60th payment - 70,000
    • 7yr/84th payment - 38,000
    • 9yr/108th payment - 7,000

    Targets for 2018
    • Jan 2019 - 98,200 - Actual 98,173.08 (26.92 ahead)
    • Feb 2018 - 97,000 (End of Yr 3 Balance 39k diary reduction) - Actual 97,132.75 (132.75 behind target)
    • Mar 2018 - 95,900 - Actual 96,102.38 (202.38 behind target)
    • Apr 2018 - 94,800 - Actual 95,015.63 (215.63 behind target)
    • May 2018 - 93,700 - Actual 93,938.84 (238.84 behind target)
    • June 2018 - 92,600 - Actual 92,897.77 (297.77 behind target)
    • July 2018 - 91,500
    • Aug 2018 - 90,400
    • Sept 2018 - 89,300
    • Oct 2018 - 88,200
    • Nov 2018 - 87,100
    • Dec 2018 - 86,000
    Last edited by shangaijimmy; 01-07-2018 at 9:15 AM. Reason: Updated Goals
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
Page 110
    • shangaijimmy
    • By shangaijimmy 3rd Sep 17, 9:50 AM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    5 figures is indeed tantalizingly close. Definitely by new year, possibly end on November if MB continues as well as August was. I am away with work for 3 and a bit weeks in Oct which may scupper me though (no control over Mrs SJ!)
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • debtfreeoneday
    • By debtfreeoneday 3rd Sep 17, 11:40 AM
    • 2,822 Posts
    • 9,724 Thanks
    debtfreeoneday
    Great progress, well done!
    DFW (08/08) 64,346.53 Credit card debt: 3,403.45 over three credit cards.
    MFW (01/15) 118,031.21 92808.90 ~ 2017 OPs 104.44
    Earnings 2018 Pcone 18.00 ~ Ips0s 10.00 ~1poll 43.50 ~ Pr0filic 44.62 ~ TCB 93.12 ~ YouGov 37.75
    • shangaijimmy
    • By shangaijimmy 3rd Sep 17, 8:14 PM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    Well i tackled the abomination that was DS1's summer holiday bedroom mess!! Wow!

    A day of dog walks (4 in total), big dinner and a few relative visits, so other than DS1 bedroom not much achieved!
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 4th Sep 17, 7:57 AM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    26p TT this morning and i'm hoping to get to the post office to pay our plusnet cashback cheque in. Not much to report other than kids go back to school tomorrow (yay, DS2 is ready to go back), and Mrs SJ collects her bike tomorrow...
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • Jessy103
    • By Jessy103 4th Sep 17, 10:22 AM
    • 525 Posts
    • 2,237 Thanks
    Jessy103
    Oh I forgotten to add...2 bricks coloured in!
    Originally posted by shangaijimmy
    Oooo exciting stuff!! I'm very jealous!
    Original Mortgage Amount 2007 - 87,310.50
    Mortgage Amount Jan 2018 - 58,500.00
    Overpayment Target for 2018 - 5,000 /663.78
    Jan - 369.23 Feb - 294.55
    • shangaijimmy
    • By shangaijimmy 4th Sep 17, 8:47 PM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    Well horrendous day in work! Mentally shattered by home time! Plus i had the dentist thrown in for my broken tooth! Fortunately no major damage and just a filling repair. Unfortunately i didn't get to post office to pay check in so will add that to tomorrows list and nip out of work for a walk.

    Am determined to be in bed for 9.30 with some diary catch ups as i'm in need of a MFW fix!
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 5th Sep 17, 7:35 AM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    4p TT this morning

    But more importantly the boys are back in school
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 5th Sep 17, 9:20 PM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    Better day in work today thankfully, but still not managed to get out to pay cheque in - damn work keeping me occupied!!

    Well the bike has arrived...time will tell how much it gets used!

    I managed to get out for a run tonight after 10 days off. No real drop off in fitness so happy with that, though i am struggling with a troublesome right calf. It seems that any hill or slight incline makes it really stiffen up. Its becoming very annoying but i suppose that what comes with age! I keep reminding myself that i'm not 25 anymore!! I'm keeping up with the no watch, no timing, no measuring and no pre planning routes. I'm certain this is helping me to enjoy just being out.

    The boys both had a great day back in school which is always a relief! As much as DS1 says he doesn't like school, he actually does but its not cool to say so. DS2 on the other hand says how much he loves it!
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 6th Sep 17, 7:51 AM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    79p TT this morning and looking at the current account feeling sorry for itself with just 100 left i wondering when the saviour that us child benefit will rescue us!!

    To be fair we've bought concert tickets, dentist check up and something else that has wiped about 150 off our account, but i'm still hopefuly we wont need to dip into savings pots for an account top up.

    International football weekend has slowed down my MB, so currently at 60 for the month so far. I can accelerate this again this weekend hopefully.
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • atypicalblonde
    • By atypicalblonde 6th Sep 17, 7:57 AM
    • 2,896 Posts
    • 20,503 Thanks
    atypicalblonde
    Do you mind if I PM you a couple of MB queries?
    MFW
    Mortgage 8.2.15 - 171,064.64 Mortgage 1.5.2018 - 99,980.45
    Aiming to be MF 1.10.2020
    • shangaijimmy
    • By shangaijimmy 6th Sep 17, 9:10 PM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    ATB i have just replied and i don't mind at all!

    Long day over! very productive though, and i made it to the bank to pay the cheque in. Am definitely catching up on some diaries tonight and only in work 4-7 tomorrow so planning on walking little pooches paws off!
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 12th Sep 17, 7:44 AM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    Oops. 5 days since i last posted, which astounds me, and i found my diary all the way down on page 5! A few people commented how quickly the year has gone, well i cant believe its 12th Sept...the month is literally evaporating!

    Spent most of the weekend coming and going, and never really sat down and stopped.

    Not much going on money wise. Child benefit came to the rescue but got swallowed up in spends (need to question Mrs SJ....). So will need to 'borrow' some cash out of savings for a few days. I don't like doing it but that's what savings are for and we all know its not easy having 3 kids, 2 cars, a big house/mortgage and an ambitious MFW plan! Mrs SJ gets paid 13 times a year rather than a set day each month and it always messes my organising up once or twice a year.
    Last edited by shangaijimmy; 12-09-2017 at 10:16 AM.
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • Retro.Monkey90
    • By Retro.Monkey90 12th Sep 17, 9:58 AM
    • 70 Posts
    • 226 Thanks
    Retro.Monkey90
    Hi Jimmy, great figures from August. Just catching up now as my own diary has been neglected because of that thing called life! Also cannot believe it is September, I swear it was May last week....
    Original Mortgage: 134k Sept 2044 Current Mortgage: 126k Neutral Oct 2039
    Ideal goal: TBC
    Bonus OPs made 2017: 7 total= 159.91
    Save
    Save
    • shangaijimmy
    • By shangaijimmy 12th Sep 17, 9:47 PM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    Totally agree Retro, i was even talking to my parents about Christmas presents for the boys tonight ! They've still got money left from last year!

    I've managed to keep up with running as well. In last 8 days i've managed Tues, Fri, Sat & Tues. I don't feel as good as i used to, and as fluent i remember running but i'm keeping in mind that i'm 10yrs older!! I have noticed that all my speed has gone, and my ability to produce any turn of pace... And any incline really drains my legs. I feel fine on flat and heart & lungs easily manage it, but as soon as there's an incline my legs very quickly feel like lead.

    I defintiely recommend getting rid of all technology though. No pre planned routes, no thoughts on hitting certain distance, no timing, no recording and comparing - it has helped me to just run, with clear head and enjoy being out (loved it tonight in the rain). So definitely not returning to fitbits, mapmyrun, watches and i even haven't been looking at the time when i leave/return.

    So not a very MFW update, but an update none the less!!

    Night all.
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 17th Sep 17, 8:50 PM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    Well i thought it was 2 days since i'd last posted and its actually 5! We're desperate for payday which is Friday, and we're so short of cash that i haven't even managed any TT's as we're into borrowed savings. Managed to sell a couple of things on ebay, and now have a new full bag of stuff ready for listing.

    Nothing to report really. We've been trying to spend as much time outside as possible given the impending dark nights and cold/wet/wind. So when finally home it's been shower and bed, asleep for 10.30 most nights!

    MB has been ok, but made a couple of big mistakes that have eaten into my monthly profit, and lots of the reloads havent come off. But should still get 300 for the month.
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 19th Sep 17, 8:39 PM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    Struggling with much to report on at the minute so thought i'd update on the whole bike situation... Those avid readers may recall a household dispute over Mrs SJ getting a biked. Now i had no issues with her buying a bike, more the cost of the one she picked etc...

    Well so far its been a resounding success, and she's literally out for an hour every night on it. So a great start and i'm very pleased for her (not too pleased that i seem to have been left to do bedtime for all 3 every night though...)!

    So money well spent so far. Well payday is Friday for Mrs SJ and Monday for me. I do need to do some accounts tidying up as new phone contract/provider and car paid off, so will hopefully get to that before the end of the week. I just don't seem to have much motivation on an evening at the minute to do anything other than dog walks and half watch sport!! Hopefully payday will spring me into life again as i have a Christmas target to achieve!!

    Night all.
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 25th Sep 17, 7:36 AM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    Well payday x 2 has arrived and our account in back in business!

    TT's back up and running with 41p today, and i managed ti OP the 1.73 that was in the TT pot. I've also OP'd the 50 cashback for our broadband switch. Finally I've paid back the 200 that we borrowed from savings. I'm hoping we can tighten up a bit this month, but not sure Mrs SJ will appreciate that thought!

    In terms of MB, with a week left of the month i think i may get to 300 profit which will add a nice 150 to the mortgage. I have to go away with work for a few weeks in October so the other 150 will pay for a big night out for me and Mrs SJ before I go. * Must make a note in my diary to order some flowers as its our anniversary whilst I'm away!
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • Silence101
    • By Silence101 25th Sep 17, 2:37 PM
    • 356 Posts
    • 552 Thanks
    Silence101
    I always seem to breathe a sigh of relief when money comes in. Glad to hear the bike is being used!
    09/17 Shared Ownership 50% share - Mortgage 77500 Original MFW 2052
    17/18 OP 7700
    • shangaijimmy
    • By shangaijimmy 25th Sep 17, 8:58 PM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    Totally with you on breathing out... its just a shame it doesnt last that long!

    Long day today, but a NSD which is always with of a mini fist pump. Need to spend some time on our budget later as we've been a bit lax, and i've got a few standing orders to sort. I borrowed some savings go pay for my car in June, which was 3 months earlier than planned. So now i've paid off car number 1 i can redirect that cash to car number 2. So spreadsheet and standing orders fiddles for me tonight, which i always enjoy! I may even bore Mrs SJ by making her look at our budget so she knows where we are upto.
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 27th Sep 17, 7:37 AM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    Budget and standing orders sorted, and an early glance at OP's for September i think we'll settle on about 660 - still on course for below 100k at New Year! Couldn't enlist the eyes of Mrs SJ though!

    I've TT'd 30p this morning, and it feels good to have cash in the bank to TT again...though we'll see how long it lasts!
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction 43,102.24
    Aug 2009: 163,051 // Current: 92,897.77 // Avg Daily Interest 4.17
    MFiT-T4 #8 - 74.24% of 41,000
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