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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 2,720Posts
    • 13,433Thanks
    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 - 38 payments
    • Balance - 95,015.63
    • Diary Reduction Total - 40,984.38
    • Cumulative Overpayments - 22,705.11
    • Monthly Average Overpayments - 597.50
    • Monthly Average Net Reduction - 1,078.54

    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
    • June 2018 - 92,600
    • 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; 29-04-2018 at 7:40 AM. Reason: Updated Goals
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
Page 125
    • themadvix
    • By themadvix 8th Mar 18, 9:56 AM
    • 1,668 Posts
    • 9,726 Thanks
    themadvix
    Career/life coach sounds like it might be a good idea. I'm sure everyone would benefit from a few sessions with someone every ten years or so!
    OPs 2017 = 3103
    S&S ISA 2017 = 626
    OPs 2016 = 6142.12
    Starting balance 2012: 132000; balance Dec 2017: 96,822
    MFW2017 no. 38
    • shangaijimmy
    • By shangaijimmy 8th Mar 18, 10:43 AM
    • 2,720 Posts
    • 13,433 Thanks
    shangaijimmy
    I thing your right. 7yrs for periods of change apparently! 7yr itch!! I'm about 9yrs overdue!
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 8th Mar 18, 7:06 PM
    • 2,720 Posts
    • 13,433 Thanks
    shangaijimmy
    Feeling very smug this evening as i've managed to fix the TV! Bit of youtube, bit of google...hard reset that took a few goes but all sorted. Mrs SJ is very disgruntled as she was setting her heart on a 4K ultra super duper smart tv!

    5 spent at soft play this morning. But more importantly managed to get the boys playing out for an hour! They were froze when they came in, but its a start to the spring,
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 9th Mar 18, 7:17 AM
    • 2,720 Posts
    • 13,433 Thanks
    shangaijimmy
    Hurray. Temporary TT ban has been lifted with Mrs SJ payday today. How sad is it that i've missed them this week?? Anyway a nice 97p TT for me.

    Its been a tough start to March money wise. I've felt behind on money and with a lack of control over a few things. On my side we're over 200 down from work petrol expenses (had a 6 week period of quite a bit of travel for meetings. Usually i get the train so get tickets paid for immediately but for the last few driving has been the only option), then Mrs SJ is behind 110 for osteopath treatments. Now these get refunded via a work fund that we pay 2 a month into (its a charity as well), but it takes a few weeks. As avid readers may recall i make sure that everyone of our pounds work hard for us, so losing 300 out of 'cashflow' has been psychologically challenging for me. We've have the savings to borrow money out of, but its mentally difficult to do this with a settled viewpoint.

    So hoping all will be rectified by my next payday in 2 weeks, and at least we don't have any big outgoings until the end of month. This makes me so grateful for being in control of finances as you can easily see how people get into trouble very quickly, and trouble that leads to loans, credit cards etc...

    All of the above explains why i was so desperate to fix our TV yesterday!! Mrs SJ is definitely not impressed though....she'd started dreaming...!
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • michelle09
    • By michelle09 9th Mar 18, 8:14 AM
    • 777 Posts
    • 4,278 Thanks
    michelle09
    But it is better to have fixed the old one than get a new TV (I have to keep reminding OH that we are not buying a new one just because this one is 'a bit small'. It's only four years old!)

    Will the 300 come back in your next payday?
    • shangaijimmy
    • By shangaijimmy 9th Mar 18, 11:24 AM
    • 2,720 Posts
    • 13,433 Thanks
    shangaijimmy
    Michelle, we are both on the same side!! 200 of my expenses will come back, but Mrs SJ 110 may take a few weeks. It'll come as a cheque rather than in pay. There is a charity attached to her firm that offer 500 towards alternative treatments that keep people from going off sick. So we donate 24 a year but can usually claim 400 or so back a year through these payments. Having said that we haven't c;aimed for last 2 yrs!
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • themadvix
    • By themadvix 10th Mar 18, 1:16 PM
    • 1,668 Posts
    • 9,726 Thanks
    themadvix
    Our TV is probably 12 years old, but apart from being a bit small there's nothing wrong with it so it's staying! DH would like another one (I would too probably), but until it breaks it's not happening! Well done for fixing yours Jimmy - there's nothing like the satisfaction of fixing something!
    OPs 2017 = 3103
    S&S ISA 2017 = 626
    OPs 2016 = 6142.12
    Starting balance 2012: 132000; balance Dec 2017: 96,822
    MFW2017 no. 38
    • lippy1923
    • By lippy1923 10th Mar 18, 3:59 PM
    • 1,242 Posts
    • 3,463 Thanks
    lippy1923
    Just wanted to pop in and say well done on the 36 month journey SJ. Really good work and great results.
    Total Mortgage OP 17,500
    House Value 275,000 Mortgage 89,788
    Emergency Fund 29,500

    • shangaijimmy
    • By shangaijimmy 10th Mar 18, 8:26 PM
    • 2,720 Posts
    • 13,433 Thanks
    shangaijimmy
    Themadix - definitely correct with the satisfaction and Mrs SJ seems to have forgotten her dream new TV now.

    Lippy - good to see you, although i'm gutted to see your signature and me still being 7k behind you... one day, maybe one day. I'll pop across to your world and check on your progress.

    I made a nice 90p TT this morning and it definitely feels good to be back doing them. In ebay news I'm happy to report that 5 items have sold today, and we have 8 with bids that finish tomorrow. As ever the money isn't bank busting but its a good part of out constant de cluttering process.

    I also have to admit i'm not very organised for mother day tomorrow. Present off the boys for Mrs SJ hasn't arrived in the post (oops, left it a bit late) so made an emergency dash to Tesco. I am absolutely useless at presents, and shopping come to think of it, so i dread these days. Mrs SJ dreads it just as much I suspect. Made worse by the fact that it was her birthday 2 weeks ago, so all ideas have been exhausted!

    So i may report in the morning, providing i'm not hospitalised!!
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • CathT
    • By CathT 11th Mar 18, 8:29 AM
    • 5,549 Posts
    • 38,671 Thanks
    CathT
    I am sure Mrs SJ wont mind. You sound like a fab dad and husband and thats what is important.

    I am happy to have flowers for mothers day but only a couple of days later when they are reduced!
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • shangaijimmy
    • By shangaijimmy 11th Mar 18, 9:10 AM
    • 2,720 Posts
    • 13,433 Thanks
    shangaijimmy
    Well Cath, you were right and i survived! I survived it so well i was even offered bacon for breakfast before i head off to work.

    Made a nice 1 TT this morning and then OP'd the weekly pot which interestingly sat at 4.71 and that's surprising given it was only 3 days worth.

    Mothers Day is a good affair for us. No extortionate meals in chaotic places. Everyone heads round to Mrs SJ mums (3 siblings, 3 husbands/wifes, 7 grandkids and 4 dogs), we all bring some kind of food and then just trough with a day long buffet. Sport on the tv, snoozes for daddies on the couch... Its like a mini Christmas Day.

    Our mortgage statement arrived yesterday as well. Pages and pages of it, woo hoo. Its impressive in paper form and a good motivator for Mrs SJ, so a timely reminder after the month we've had. Happy to report my smallest OP was 1.75, though in true form the lowest would have been a 1p TT its just that i OP the weekly pot every Sunday.
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • Tjh1412
    • By Tjh1412 11th Mar 18, 9:38 AM
    • 157 Posts
    • 353 Thanks
    Tjh1412
    Inspired by how well you're doing Jimmy; after your help with the spreadsheet I'm now a fanatic myself and have just made a 32p TT for this morning, as I've figured this will save me 6.75 over the life of the mortgage
    • CathT
    • By CathT 11th Mar 18, 10:52 AM
    • 5,549 Posts
    • 38,671 Thanks
    CathT
    Your mother's day sound fab. Think I might re-create that scenario when I am a grandma. I am such a planner.

    Hope you get your snooze.
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • gallygirl
    • By gallygirl 11th Mar 18, 5:42 PM
    • 16,589 Posts
    • 109,553 Thanks
    gallygirl
    Your mother's day sound fab. Think I might re-create that scenario when I am a grandma.
    Originally posted by CathT
    Yes it sounds lovely, but I can't see me ever getting my grand cat, grand bunnies and grand chicks all in the same room at the same time. The rabbits would chase the chickens, the chickens would terrorise the cat and the cat would hide .
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = 0
    "Do what others won't early in life so you can do what others can't later in life"
    • shangaijimmy
    • By shangaijimmy 11th Mar 18, 9:38 PM
    • 2,720 Posts
    • 13,433 Thanks
    shangaijimmy
    Inspired by how well you're doing Jimmy; after your help with the spreadsheet I'm now a fanatic myself and have just made a 32p TT for this morning, as I've figured this will save me 6.75 over the life of the mortgage
    Originally posted by Tjh1412
    Glad i can be of service, and i love you figures of life mortgage savings!!
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 11th Mar 18, 9:42 PM
    • 2,720 Posts
    • 13,433 Thanks
    shangaijimmy
    Your mother's day sound fab. Think I might re-create that scenario when I am a grandma. I am such a planner.

    Hope you get your snooze.
    Originally posted by CathT
    Yes it sounds lovely, but I can't see me ever getting my grand cat, grand bunnies and grand chicks all in the same room at the same time. The rabbits would chase the chickens, the chickens would terrorise the cat and the cat would hide .
    Originally posted by gallygirl
    Cath - i would definitely recommend it. I finished off with a little dog walk for some fresh air at the end. Now enjoying the golf, thinking about bedtime!

    Gally - Your scenario sounds brilliant though...no TV needed...
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 11th Mar 18, 9:43 PM
    • 2,720 Posts
    • 13,433 Thanks
    shangaijimmy
    Quick post before bed. 19 items have been decluttered via ebay and will soon become someone else's clutter!! And we get paid 19 small fees for the pleasure...
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • shangaijimmy
    • By shangaijimmy 12th Mar 18, 7:52 AM
    • 2,720 Posts
    • 13,433 Thanks
    shangaijimmy
    1 TT this morning in readiness for my crazy 1st week of 5! When everything that you do in work seems to come together in a perfect storm of a few weeks.... Well this is it. And i 'm dreading it figuring if i dread it, then it can't end up being as bad as i'm expecting....that's my twisted psychological preparations.

    Next day is off is a week on Tuesday, i've got miles and miles to drive, loads of meetings, a conference and 4 days at a course....at some stage i need to fit in emails and dealing with actions from meetings. At least i can come up for air after Easter and we've got 3 days in the caravan before the are back in school to look forward to.

    Hoping for a few NSD's this week to kick start our financial back on trackness.
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • michelle09
    • By michelle09 12th Mar 18, 6:08 PM
    • 777 Posts
    • 4,278 Thanks
    michelle09
    Well done on the 19 items! Mothers Day sounds lovely, I'm sure they all had a good time.

    Hope the five weeks will fly by...
    • shangaijimmy
    • By shangaijimmy 12th Mar 18, 9:56 PM
    • 2,720 Posts
    • 13,433 Thanks
    shangaijimmy
    Well day 1 negotiated. Was it as bad as feared..much worse! So am exhausted tonight. There is one shining light though as i've managed to go with a car share tomorrow for the 80mile trip to a pointless meeting, and i'm not the driver!!

    Still at least i didnt spend any money.
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
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