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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 2,782Posts
    • 13,939Thanks
    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 137
    • turtlemoose
    • By turtlemoose 9th May 18, 12:51 PM
    • 1,527 Posts
    • 4,446 Thanks
    turtlemoose
    TT time this morning and i was slightly gutted to see the balance ended in 1p
    Originally posted by shangaijimmy
    doesn't this just sum up this board?!
    • Karmacat
    • By Karmacat 9th May 18, 2:46 PM
    • 30,044 Posts
    • 174,148 Thanks
    Karmacat
    Turtle - i think that gardening is a very tame adjective. Really its labouring, but the fluffy adjective lulls us into a false stupor!
    Originally posted by shangaijimmy
    Yes to this! When I'm swapping tales with the family, I don't call it gardening any more (i.e. faffing about with a trowel). I call it navvying


    TT time this morning and i was slightly gutted to see the balance ended in 1p, so did the honourable MFW thing and TT'd 1.01 instead.
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    • gallygirl
    • By gallygirl 9th May 18, 6:05 PM
    • 16,662 Posts
    • 109,966 Thanks
    gallygirl
    And i get the rarity of colouring in 2 bricks. The balance from April end was 95,015.63, and i'm expecting a net reduction of 1,050 (ish). So double joy at the end of this month!!
    Originally posted by shangaijimmy
    I hope that is one for the mortgage payment and one for overpayments on a separate day - spread the fun a little

    Well done .
    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 10th May 18, 7:03 AM
    • 2,782 Posts
    • 13,939 Thanks
    shangaijimmy
    GG - i like your thinking there!

    Well yesterday wasn't quite a NSD as it was my turn for milk in work. However i did resist the temptation to buy some shortbread bites, cookies or muffins. Much to everyone elses displeasure, so i offered to brew up twice which eased the abuse i got!

    Got this morning off to a similar start to yesterday in that our account ended in 3p, so i TT 1.03 instead. Though i'm now wondering where this will end... As we approach the end of week 1 of our double week shop our fridge is still pretty full so all going well. It will just be a trip for milk we think.
    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 11th May 18, 1:57 PM
    • 2,782 Posts
    • 13,939 Thanks
    shangaijimmy
    Very little to report. It seems that the mid month financial activity slump has hit. Thank heavens for the daily TT to keep some progress going. And to that end i can report a TT of 1 today. I have no weekend jobs planned either which is nice, and i'm so glad now that i painted that fence on Monday. The fascias can wait another couple of weeks, as i don't want to peak too soon on the job list front!
    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 11th May 18, 9:41 PM
    • 2,782 Posts
    • 13,939 Thanks
    shangaijimmy
    Quick update to report that 8 items have sold this evening. All cash towards DS2 birthday party in August, and more clutter removed from the house.
    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
    • AlexLK
    • By AlexLK 11th May 18, 10:51 PM
    • 6,105 Posts
    • 32,379 Thanks
    AlexLK
    Mrs. K. has told me we're sorting through some household "junk" this weekend and putting things up for sale. Needs to be done, I suppose.
    2018 totals:
    Savings 11,200
    Mortgage Overpayments 5,500
    • pinkypig
    • By pinkypig 12th May 18, 7:21 AM
    • 1,470 Posts
    • 11,352 Thanks
    pinkypig
    Great news on your sales Jimmy, every little helps

    Well done for stepping away from the shortbread bites, not easy

    Have a good weekend xx
    MFW 2018 #157 Target 15,000

    21,220.89/15,000
    • shangaijimmy
    • By shangaijimmy 12th May 18, 7:54 AM
    • 2,782 Posts
    • 13,939 Thanks
    shangaijimmy
    Mrs. K. has told me we're sorting through some household "junk" this weekend and putting things up for sale. Needs to be done, I suppose.
    Originally posted by AlexLK
    Be careful you don't catch Mrs K taking pictures of you...
    Well done for stepping away from the shortbread bites, not easy
    Originally posted by pinkypig
    It was a tough ask to be fair, but even more difficult was the blueberry muffins. Always a favourite of mine especially if you warm in the microwave for 20s
    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 12th May 18, 8:08 AM
    • 2,782 Posts
    • 13,939 Thanks
    shangaijimmy
    76p TT this morning and very happy to report that the weekly pot will be 25% over our daily interest! In fact i'm fairly confident that our TT's this month will take care of our odd 15 at the end of our balance.

    Its official now my hayfever has properly kicked in. roll on the next 7 weeks of grumpiness! at least i know mine stops in July grrrr! i just wish they still give me the injection that got Bradley Wiggins in bother!!
    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
    • Suffolk lass
    • By Suffolk lass 12th May 18, 11:11 AM
    • 2,158 Posts
    • 22,367 Thanks
    Suffolk lass
    76p TT this morning and very happy to report that the weekly pot will be 25% over our daily interest! In fact i'm fairly confident that our TT's this month will take care of our odd 15 at the end of our balance.

    Its official now my hayfever has properly kicked in. roll on the next 7 weeks of grumpiness! at least i know mine stops in July grrrr! i just wish they still give me the injection that got Bradley Wiggins in bother!!
    Originally posted by shangaijimmy
    Hey, well done with rounding up the TTs, mine got slightly out of hand, rounding to the nearest ten pounds and in the dull bit before pay-day I try to go to the nearest fifty, if my profiled spend permits it. It sort of incentivises me a bit.

    I use a prescription nasal spray from April to end of Jan. I get everything going from tree pollens throughout the summer and then hit the leaf-mould, spores and fungus season come August. Think yourself lucky SJ! DH is like you - he uses the generic citirizine from whichever SM has them cheapest
    MFiT T4 #2 update 90.89% after Q11 against revised stretch target of 60k balance
    Save 12k in 2018 #53 83.33% 9,999.70/12,000 (after upping my target from 10k to 12k in October)
    OS Grocery Challenge 2018 spent 1,696.43/3,000 including stores 67.14% of my annual budget at the end of Oct.
    My DFD is here
    • shangaijimmy
    • By shangaijimmy 12th May 18, 7:54 PM
    • 2,782 Posts
    • 13,939 Thanks
    shangaijimmy
    Suffolk i feel your pain! The bad days are shocking, so 9 months of it must be agonising!

    Quick report to say that i managed to get 10 items listed this morning when Mrs SJ was out her bike and the kids were pottering in the garden.
    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 12th May 18, 8:35 PM
    • 2,782 Posts
    • 13,939 Thanks
    shangaijimmy
    Matched Betting has sunk to new levels...I've got 2 bets on eurovision! Thankfully i don't have to watch it!
    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
    • AlexLK
    • By AlexLK 12th May 18, 11:08 PM
    • 6,105 Posts
    • 32,379 Thanks
    AlexLK
    Be careful you don't catch Mrs K taking pictures of you...
    Originally posted by shangaijimmy


    Tomorrow is the day.
    2018 totals:
    Savings 11,200
    Mortgage Overpayments 5,500
    • shangaijimmy
    • By shangaijimmy 13th May 18, 8:15 AM
    • 2,782 Posts
    • 13,939 Thanks
    shangaijimmy


    Tomorrow is the day.
    Originally posted by AlexLK
    Keep a low profile!
    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 13th May 18, 8:24 AM
    • 2,782 Posts
    • 13,939 Thanks
    shangaijimmy
    Well the sun is out, the first pile of washing is on the line and the second in the washing machine. First brew is half drunk and the Sunday morning TT pot shuffle has been done. 1 TT for today taking the pot to 6.53 which was promptly dispatched to the mortgage.

    Then, for those avid readers that remember our food shopping goal... Well we've done more than fine with shopping and just need milk top up (as expected with 5 of us that seem to drink gallons of it), and potentially a loaf of bread in a few days. So as promised i have OP'd 25 of the cash saved, and will send 25 to S&S ISA. So very pleased and Mrs SJ is convinced she can save more...bring it on i say!

    Work for a few hours 10-1, and then planning on doing nothing! But before hand i'm gonna get 10 items listed!
    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
    • Suffolk lass
    • By Suffolk lass 13th May 18, 9:02 AM
    • 2,158 Posts
    • 22,367 Thanks
    Suffolk lass
    Yes, yes, yes, all this money saving is the core business but more to the point, how did you do with the matched betting? We did watch (traditional) and I actually caught myself thinking, "that was rather actually OK" before the Hungarian Viking-version of Take That and some of the usual fare was served up
    MFiT T4 #2 update 90.89% after Q11 against revised stretch target of 60k balance
    Save 12k in 2018 #53 83.33% 9,999.70/12,000 (after upping my target from 10k to 12k in October)
    OS Grocery Challenge 2018 spent 1,696.43/3,000 including stores 67.14% of my annual budget at the end of Oct.
    My DFD is here
    • shangaijimmy
    • By shangaijimmy 14th May 18, 7:57 AM
    • 2,782 Posts
    • 13,939 Thanks
    shangaijimmy
    How on earth is it the 14th May already?? The month is vanishing which is all good as it means im half way to accounts posting i suppose!

    Well i was true to my word; got 10 items listed before work and then did pretty much nothing for the rest of the day. As soon as i 'd listed 10 items Mrs SJ came downstairs with another dozen items of DS2 that he's outgrown. Yet further proof that the bag is bottomless. 4 items sold last night taking our weekend total to 12. I'll get them packaged this morning and nip to the post office for a walk at lunchtime. Opened the weeks TT activity with a lovely whole 1 this morning.

    Long day in work today, but not overly busy for a couple of weeks (for a change).

    Have a great Monday everyone.
    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 15th May 18, 7:52 AM
    • 2,782 Posts
    • 13,939 Thanks
    shangaijimmy
    Ebay items dispatched yesterday and i sorted the shift underspends on food to S&S Isa. I actually doubled this to 51 as i had some monies that i'd withdrawn from funding circle. Made a nice 73p TT this morning as well.

    Things progressing along nicely enough. I'm 10 days out from payday with 105 in current account. There are no dd's to come out, but i petrol for both and out food shop will wipe this out plus about 20 more. Not sure on the exact date by child benefit is due before i get paid so that will rescue us (hopefully).
    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 15th May 18, 10:51 AM
    • 30,044 Posts
    • 174,148 Thanks
    Karmacat
    It's really striking how much more secure our finances are when we do mse stuff - how much clearer our houses are too! You're doing so well, Jimmy!

    The only thing I get slightly puzzled about is the shopping less - I mean, doing 3 main shops not 4 per month, thats got to save time, because a family will always need top up shops anyway ... I don't quite get how it saves money, though. I guess you're basically running down your stores? Which has its good points too, of course.

    Your ebaying is magnificent, by the way!
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
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