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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 2,601Posts
    • 12,609Thanks
    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 - 37 payments
    • Balance - 96,102.38
    • Diary Reduction Total - 39,897.62
    • Cumulative Overpayments - 22,110.46
    • Monthly Average Overpayments - 597.58
    • Monthly Average Net Reduction - 1,078.31

    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
    • 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; 01-04-2018 at 6:51 PM. Reason: Updated Goals
    MFW: Turning June 2036 into March 2023... 37//120 Payments Challenge, Diary Reduction 39,897.62
    Aug 2009: 163,051 // Current: 96,102.38 // Avg Daily Interest 4.32
    MFiT-T4 #8 - 64.95% of 41,000
Page 130
    • shangaijimmy
    • By shangaijimmy 5th Apr 18, 2:53 PM
    • 2,601 Posts
    • 12,609 Thanks
    shangaijimmy
    In that first post today i thought i was re reading themadvixs post this morning how funny .

    Oh well , that is a lot of money but so much better to take good care of your teeth
    Originally posted by try harder
    Was you thinking great minds think alike, or fools seldom differ ? (Sorry dvixcs)

    You and me both - not sure ours ever recovered from Xmas - we had DS2's bday first week of the NY and then the following week I was struck down with flu for 3 weeks which rolled into our kitchen refurb, which took up Feb and a small part or March - then a busy bit at work and then Easter hols - the recovery mission is now underway here! (Sooooo much washing and ironing this past week with PE/ sports kits/ items of uniform not washed often (blazers), DD coming back from uni with masses of laundry etc - argh!)

    Hopefully the yellow thing in the sky will hang around today for both of us
    Originally posted by greent
    Our yellow thing is still up there, and thankfully towels are dried and i have replaced with next pile from 'Mount Washmore'!

    Wow. I pick today to tell myself I really want to finally get to shanghai jimmy's diary .... and the first half of the page is about spreadsheets **sobs quietly**. I can't build them, not at all. I used to use the matcher spreadsheet, to do matched betting, and that worked. I use spreadsheets to add up the columns for my tax declarations. And thats it

    So I was very brave and opened the link Gally gave you.

    For *your* actual news - sorry to hear about car and dental - I think there's something dental going around, my teeth are feeling fragile, for some reason, but I'm still hoping But with three little kids, you have a lot more call on your funds than I have on mine.

    **Finally** subscribing.
    Originally posted by Karmacat
    Rest assured there's never a good day to start reading my diary! I just hope the presence of spreadsheets hasn't given you a reason to quickly unsubscribe! So welcome aboard, really pleased to see you in here, and i apologise for my ramblings!
    MFW: Turning June 2036 into March 2023... 37//120 Payments Challenge, Diary Reduction 39,897.62
    Aug 2009: 163,051 // Current: 96,102.38 // Avg Daily Interest 4.32
    MFiT-T4 #8 - 64.95% of 41,000
    • Karmacat
    • By Karmacat 5th Apr 18, 4:16 PM
    • 28,992 Posts
    • 165,004 Thanks
    Karmacat
    Thanks Jimmy! Spreadsheets not putting me off They're something I want to get to grips with, and the suggestion to play around with it, rather than "get it right", means I don't feel spooked by it all

    I love rambling, btw. I ramble rather a lot myself
    Retired August 2016
    • shangaijimmy
    • By shangaijimmy 6th Apr 18, 8:35 AM
    • 2,601 Posts
    • 12,609 Thanks
    shangaijimmy
    Payday for Mrs SJ today so some mini money shuffling (namely repaying the loan we had from our savings), then a gentle 50p TT that nudges the weekly total up to 2.07 (at an average of 41p per day!).

    I've been doing lots of thinking about musing about savings, pensions, retirement plans/options and net worth tracking. I have some thoughts in the ether but not yet got them to spreadsheet format. With everything thought there is a realisation that we are actually in a good place for the future, and that without the last 3yrs of MFW diary we could possibly be in some trouble. By trouble I actually mean definitely having to work till 68!!

    So feeling very optimistic about everything, despite the impending dentist bill!

    Got a weekend in work before we head to caravan for the last week of the hols on Monday.
    MFW: Turning June 2036 into March 2023... 37//120 Payments Challenge, Diary Reduction 39,897.62
    Aug 2009: 163,051 // Current: 96,102.38 // Avg Daily Interest 4.32
    MFiT-T4 #8 - 64.95% of 41,000
    • themadvix
    • By themadvix 6th Apr 18, 9:19 AM
    • 1,568 Posts
    • 9,228 Thanks
    themadvix
    Was you thinking great minds think alike, or fools seldom differ ? (Sorry dvixcs)
    Originally posted by shangaijimmy
    No offence taken Jimmy! I'm not sure what TH was referring to - perhaps our joy at seeing the yellow thing in the sky? It's disappeared again here today.... I feel there's a word for it, but it's just out of reach.... in the archives of my brain!

    Pity about the dentist, but great news re pension planning.... at the horror of working to 68!
    OPs 2017 = 3103
    S&S ISA 2017 = 626
    OPs 2016 = 6142.12
    Starting balance 2012: 132000; balance Dec 2017: 96,822
    MFW2017 no. 38
    • try harder
    • By try harder 6th Apr 18, 10:34 AM
    • 755 Posts
    • 2,875 Thanks
    try harder
    I was referring to the fact you both said what a sunny day it was and that you were both hanging out your washing SJ and themadvix
    • try harder
    • By try harder 6th Apr 18, 10:35 AM
    • 755 Posts
    • 2,875 Thanks
    try harder
    So yes ..Great minds think alike ..I guess
    • shangaijimmy
    • By shangaijimmy 7th Apr 18, 8:21 AM
    • 2,601 Posts
    • 12,609 Thanks
    shangaijimmy
    Well after a 13hr day yesterday Saturday has arrived in all its dreary wet glory! I had planned on regrouting the patio this afternoon following DS2's football. So now i think i'll have to change those plans to basically sitting on the couch, drinking tea and snoozing I'm not totally lazy though i will take the dog for a couple of walks.

    40p TT this morning.
    MFW: Turning June 2036 into March 2023... 37//120 Payments Challenge, Diary Reduction 39,897.62
    Aug 2009: 163,051 // Current: 96,102.38 // Avg Daily Interest 4.32
    MFiT-T4 #8 - 64.95% of 41,000
    • michelle09
    • By michelle09 7th Apr 18, 6:08 PM
    • 774 Posts
    • 4,245 Thanks
    michelle09
    Oh no. It's still sunshine here.

    If anyone can knock a year or two off the 68 I'm fairly certain it's you, Jimmy!
    • shangaijimmy
    • By shangaijimmy 8th Apr 18, 7:52 AM
    • 2,601 Posts
    • 12,609 Thanks
    shangaijimmy
    Michelle - if i can knock 12 years off a 30 mortgage term, but effectively do it in 9 years then i'd hope we can knock 5yrs off work....

    Well another Sunday arrives and with it comes a 1 TT and then an OP of the weekly pot of 3.47. Happy enough with that.

    That patio will be re grouted this afternoon...he says...checking forecast for rain!
    MFW: Turning June 2036 into March 2023... 37//120 Payments Challenge, Diary Reduction 39,897.62
    Aug 2009: 163,051 // Current: 96,102.38 // Avg Daily Interest 4.32
    MFiT-T4 #8 - 64.95% of 41,000
    • Busy Mee1
    • By Busy Mee1 8th Apr 18, 8:55 AM
    • 573 Posts
    • 2,571 Thanks
    Busy Mee1
    I totally agree that working until age 68 is a horrible thought ( that is my SRP age too ) If I work until 68, I will have worked for 51 years
    • Karmacat
    • By Karmacat 8th Apr 18, 11:00 AM
    • 28,992 Posts
    • 165,004 Thanks
    Karmacat
    Ug, those retirement ages are horrendous Rooting for you, Jimmy and BusyMee and all.
    Retired August 2016
    • michelle09
    • By michelle09 8th Apr 18, 6:48 PM
    • 774 Posts
    • 4,245 Thanks
    michelle09
    Well the interest saved on that mortgage should be able to knock at least one year off! My retirement age is 68, but OH's pension can be cashed out at 61 and I'll be damned if I'm going to work for seven years while he sits at home. So the aim is to have it all sorted so we can both knock work on the head at that point.
    • shangaijimmy
    • By shangaijimmy 8th Apr 18, 7:04 PM
    • 2,601 Posts
    • 12,609 Thanks
    shangaijimmy
    I totally agree that working until age 68 is a horrible thought ( that is my SRP age too ) If I work until 68, I will have worked for 51 years
    Originally posted by Busy Mee1
    I think the point is we want to be in good health to enjoy the best years of retirement. I know i'll be a wreck if i'm still working at 68!
    Ug, those retirement ages are horrendous Rooting for you, Jimmy and BusyMee and all.
    Originally posted by Karmacat
    I could live happily being a part time prescription delivery driver for 5yrs once i hit 60! Not looking too far ahead but in 6 years time i may need a new diary called retirement planning, but which board would it live in?????
    Well the interest saved on that mortgage should be able to knock at least one year off! My retirement age is 68, but OH's pension can be cashed out at 61 and I'll be damned if I'm going to work for seven years while he sits at home. So the aim is to have it all sorted so we can both knock work on the head at that point.
    Originally posted by michelle09
    I can hear the same disagreement that happens in our house:
    "Your not retiring before me"
    "Well I'm not working longer than you, so if you finish at 60 so am I"
    "But your 3yrs younger than me so technically you should work 3 years more..."
    " Well you can (Insert appropriate expletive), if you think your sitting at home whilst I'm at work"
    "I wont be sat at home, I'll be golfing..."
    "(insert insulting name calling)"

    The thing is i know that i can't win!!
    MFW: Turning June 2036 into March 2023... 37//120 Payments Challenge, Diary Reduction 39,897.62
    Aug 2009: 163,051 // Current: 96,102.38 // Avg Daily Interest 4.32
    MFiT-T4 #8 - 64.95% of 41,000
    • shangaijimmy
    • By shangaijimmy 8th Apr 18, 7:12 PM
    • 2,601 Posts
    • 12,609 Thanks
    shangaijimmy
    Well the weather behaved so the patio is grouted. So i have done the major part of preparing the garden for the summer, following on from powerwashing and then hoovering the artificial lawn.. Mrs SJ will now do her bit with the plant pots. I can sit and enjoy!

    Now i have the right to enjoy the golf on the big TV, so i'll have a brew, take the dog out and get settled in for the final couple of hours.

    The next jobs on the outside job list are painting the fence (I hate that job more than any other), and then cleaning the gutters, facias and conservatory. I am determined to have these done in April... You heard it here first!!

    We're heading to the caravan tomorrow after work for the final week of the school holidays. Planning on drinking beer, eating rubbish and generally lazing around. Hopefully the weather behaves enough so that the kids can pretty much play out from morning till it goes dark (they can come back for a sandwich at lunch).
    MFW: Turning June 2036 into March 2023... 37//120 Payments Challenge, Diary Reduction 39,897.62
    Aug 2009: 163,051 // Current: 96,102.38 // Avg Daily Interest 4.32
    MFiT-T4 #8 - 64.95% of 41,000
    • Karmacat
    • By Karmacat 8th Apr 18, 10:14 PM
    • 28,992 Posts
    • 165,004 Thanks
    Karmacat
    Have a great time at the caravan! Hope the tv there is big enough
    Retired August 2016
    • beanielou
    • By beanielou 8th Apr 18, 10:17 PM
    • 52,817 Posts
    • 207,758 Thanks
    beanielou
    Enjoy your time away
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 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.
    • Busy Mee1
    • By Busy Mee1 9th Apr 18, 6:59 AM
    • 573 Posts
    • 2,571 Thanks
    Busy Mee1
    Have a great time at the caravan .....fingers crossed for good weather
    • shangaijimmy
    • By shangaijimmy 9th Apr 18, 7:39 AM
    • 2,601 Posts
    • 12,609 Thanks
    shangaijimmy
    Caravan will be fab, can't guarantee how the weather will be but it won't deter us!

    Got the week up and running with an 18p TT. Now have a bit of running round to do and loading the car before heading off to work. 11hr day for me but i don't care as i'll be heading off on hols straight from work!!
    MFW: Turning June 2036 into March 2023... 37//120 Payments Challenge, Diary Reduction 39,897.62
    Aug 2009: 163,051 // Current: 96,102.38 // Avg Daily Interest 4.32
    MFiT-T4 #8 - 64.95% of 41,000
    • try harder
    • By try harder 9th Apr 18, 9:31 AM
    • 755 Posts
    • 2,875 Thanks
    try harder
    Have a great holiday jimmy .We were away all last week for Easter in ours we had a brilliant week and weather and i know you will too
    • themadvix
    • By themadvix 9th Apr 18, 9:40 AM
    • 1,568 Posts
    • 9,228 Thanks
    themadvix
    I could live happily being a part time prescription delivery driver for 5yrs once i hit 60! Not looking too far ahead but in 6 years time i may need a new diary called retirement planning, but which board would it live in?????
    Originally posted by shangaijimmy
    It would be here, Jimmy, don't be so silly - you never graduate the MFW boards.... once here, you're here to stay, even without a mortgage! *insert evil laugh*
    OPs 2017 = 3103
    S&S ISA 2017 = 626
    OPs 2016 = 6142.12
    Starting balance 2012: 132000; balance Dec 2017: 96,822
    MFW2017 no. 38
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