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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 2,782Posts
    • 13,893Thanks
    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 - 41 payments
    • Balance - £91,863.15
    • Diary Reduction Total - £44,136.86
    • Cumulative Overpayments - £24,381.01
    • Monthly Average Overpayments - £594.66
    • Monthly Average Net Reduction - £1,075.61

    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 - Actual £91,863.15 (£363.15 behind target)
    • Aug 2018 - £90,400
    • Sept 2018 - £89,300
    • Oct 2018 - £88,200
    • Nov 2018 - £87,100
    • Dec 2018 - £86,000
    Last edited by shangaijimmy; 31-07-2018 at 9:08 AM. Reason: Updated Goals
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
Page 132
    • gallygirl
    • By gallygirl 15th Apr 18, 9:28 PM
    • 16,646 Posts
    • 109,861 Thanks
    gallygirl
    https://www.amazon.co.uk/gp/product/0273785370/ref=oh_aui_search_detailpage?ie=UTF8&psc=1

    This is the book I was referring to Jimmy - a well spent £25 .
    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 16th Apr 18, 7:51 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Thank you gally.

    Has Spring finally arrived??

    £1 TT to start the week off.

    Oh and whilst we were away our cheque arrived for refund of cash from Mrs SJ work for her osteopath appointments. So all back on track with expenses for both of us returned...maybe it is Spring?!?!
    Last edited by shangaijimmy; 16-04-2018 at 8:05 AM.
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • Karmacat
    • By Karmacat 16th Apr 18, 10:42 AM
    • 29,772 Posts
    • 171,697 Thanks
    Karmacat
    Very happy to report that our net worth is £299,498! Happy to see that figure but not sure what to make of it just yet!!
    Originally posted by shangaijimmy
    £1 TT to start the week off.
    Originally posted by shangaijimmy
    What happened to rounding

    In all seriousness, congratulations at that NW, it's no mean feat to get to that level when you've got kids.
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    • shangaijimmy
    • By shangaijimmy 16th Apr 18, 11:34 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Karma - I have to confess i was tempted to add on the change in my pocket!!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 17th Apr 18, 7:46 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Well day one of the working week negotiated, and an early finish...so my usual 11 hour day was actually 10hrs 40mins (small things to be grateful of). Made it to the bank to pay our cheque in as well.

    Tiny TT of 6p this morning (I can hear the bank quaking with the impact of that), and just noticed that payday is 7 days away...woo hoo! April feels like the first month of the year when we have some control back to the current account. We'll definitely colour in one brick of our house this month and have an outside chance of sneaking a second. If not this month then we definitely will in May.

    Oh forgot to report, 6 items sold on ebay on Sunday. More clutter gone from our house and the paypal fund for DS2 birthday party in Aug nudges upwards.
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 18th Apr 18, 7:16 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    85p TT to start the day off. Rumour has it that the yellow thing may appear in the sky today alongside some mid teen temperatures... I'm thinking of being brave and putting some washing out on the line before work... Of course there's plenty of time for the forecast to change.
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • Karmacat
    • By Karmacat 18th Apr 18, 11:02 AM
    • 29,772 Posts
    • 171,697 Thanks
    Karmacat
    We have the yellow thing right now - yesterday too! It's very lovely
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    • shangaijimmy
    • By shangaijimmy 18th Apr 18, 12:20 PM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Washing went out, though sky was looking dodgy. Happy to report the yellow thing is now out, good decision made!

    On the back of a conversation stream on supersavingsquirrel diary i have closed 3 current accounts this morning! Account decluttering!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • atypicalblonde
    • By atypicalblonde 19th Apr 18, 4:24 PM
    • 2,946 Posts
    • 21,111 Thanks
    atypicalblonde
    Well done on the account decluttering; all part of the simplifying life process which seems to go hand in hand with the MFW journey in my eyes.

    Hope you're enjoying the sun!
    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 19th Apr 18, 5:37 PM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Sun has been enjoyed today on a day off work. 5 mile dog walk which was fantastic (though not for little pooches legs), loads of washing caught up on and line dried. Loads of tea drunk after a horrid 15hr work day yesterday, but the only thing missing was a snooze and that got wrecked by school runs!

    18p TT this morning, and after a bank account check i think that we may just about sneak the dentist payment out of normal monthly accounts. We have just enough cash left until payday, and Mrs SJ has been informed not to spend!!

    MFiT challenge update is fast approaching. I have 1 more TT pot to OP on Sunday and then a i can submit our form. I think we will still be in the yellow unfortunately, but not by much. Nudging my target from 40k to 41k may just scupper us! But that's why a challenge is a challenge!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 20th Apr 18, 7:51 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    How on earth has it gotten to Friday already?? What happened to Weds & Thurs this week?!?! Current account balance finished with £***.01 this morning so i TT'd £1.01, as i wasn't happy with 1p.
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 20th Apr 18, 10:23 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    £9.08 of £co cashback winging its way to current account as we speak. That will be promptly dispatched to mortgage. Every little helps!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • shangaijimmy
    • By shangaijimmy 21st Apr 18, 4:27 PM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    93p TT this morning and then an afternoon in the garden and at the park with the tribe of children! Makes a lovely change to be hot, rather than dithering and soaked!

    Quite excited to see my S&S Isa is fully up an running online and the transferred amount has been invested. Only £436 to start with but interested to see how it all goes. I'll be adding £30 a month to it for now and then we'll see how things work out.

    Countdown now starts to accounts posting, but before that i have the little matter of MFiT challenge. My last OP for the next chart is tomorrow, so i'll get that form submitted in the morning.

    Following some talk on another thread about food budgets and reducing number of shops Mrs SJ has come up with a plan to only have 3 shops per month instead of 4, but for the same weekly budgeted amount. I suspect there's an ulterior motive, but happy for now with her plans.
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • try harder
    • By try harder 21st Apr 18, 5:19 PM
    • 791 Posts
    • 3,085 Thanks
    try harder
    That sounds a great idea regarding the shopping i will look forward to seeing how Mrs SJ gets on ,she seems to be picking up some of your MSE ways.
    • shangaijimmy
    • By shangaijimmy 22nd Apr 18, 7:38 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Tryharder - she is good to be fair, 90% of the time...like us all probably!

    Well a nice £1 TT this morning taking the weekly pot to £5.03. Promptly OP'd the pot, and then headed over to submit my MFiT chart number 9 update.

    I was just wondering if anyone out there fancies swapping Sunday outdoor job duties today?? I've got fence painting if anyone has sitting in the sun drinking tea and snoozing, and they fancy a swap deal?
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • try harder
    • By try harder 22nd Apr 18, 8:36 AM
    • 791 Posts
    • 3,085 Thanks
    try harder
    The answer to that one is NO. Have a good day though
    • SuperSecretSquirrel
    • By SuperSecretSquirrel 22nd Apr 18, 9:44 AM
    • 705 Posts
    • 3,137 Thanks
    SuperSecretSquirrel
    I was just wondering if anyone out there fancies swapping Sunday outdoor job duties today?? I've got fence painting if anyone has sitting in the sun drinking tea and snoozing, and they fancy a swap deal?
    Originally posted by shangaijimmy
    Nice try Jimmy

    Mtg [2013 £64k|2014 £51k|2015 £38k|2016 £26k|2017 14k] Zero!
    MN [2013-£25k|2014-£2k|2015+£16k|2016+£34k|2017+£52k] +£56,615.31(MFiT4:+60k)
    NW [2013 £126k|2014 £156k|2015 £190k|2016 £228k|2017 £269k] £278,659.39 (2020:300k)
    FI [2013 -1.2%|2014 2.8%|2015 6.9%|2016 13%|2017 18%] 30.9% (exc SP)
    • greent
    • By greent 22nd Apr 18, 10:24 AM
    • 7,360 Posts
    • 74,584 Thanks
    greent
    We've got digging out some borders, planting some bushes (and a tree) and a little bit of tree pruning - all of which is still preferable to your fence painting! (We have a whole garden's worth - front and back - to do of that too - but we're ignoring it! )
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £6100/£7500
    Net sales 2018 £658.15/£1000 PAYDOX18 (#15) Done £18918.90
    • shangaijimmy
    • By shangaijimmy 22nd Apr 18, 1:52 PM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    ... and i thought this was a supportive place...

    To those kind souls that did a rain dance on my behalf, thank you. Painting has been postponed!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction £44,136.86
    Aug 2009: £163,051 // Current: £91,863.15 // Avg Daily Interest £4.13
    MFiT-T4 #8 - 80.74% of £41,000
    • atypicalblonde
    • By atypicalblonde 22nd Apr 18, 5:26 PM
    • 2,946 Posts
    • 21,111 Thanks
    atypicalblonde
    Who did you open your S&S ISA with SJ?
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 1.5.2018 - £99,980.45
    Aiming to be MF 1.10.2020
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