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  • FIRST POST
    • shangaijimmy
    • By shangaijimmy 13th Mar 15, 12:18 PM
    • 2,782Posts
    • 13,889Thanks
    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 138
    • shangaijimmy
    • By shangaijimmy 16th May 18, 7:33 AM
    • 2,782 Posts
    • 13,889 Thanks
    shangaijimmy
    Karam the shopping less quandry. What we have done is tried to max out weeks 1-3 for shopping budget and buy a few extra things for week 4. We've kept in budget for each week 1-3, and ended up with enough food for week 4 without having to go shopping. Not sure exactly why it has worked, but it has! We've also stopped buying beer for the house. I very rarely drink in the house, Mrs SJ avoids wine as its no good for her, and is now avoiding beer at home to reduce calorie intake, and help her to get out on her bike early. So there is some savings there. Not sure how long it will last!

    20p TT this morning and a realisation that my MOT actually runs out today and not in June as first thought! Thankfully i have the money set aside, and now just need to hope they can fit me in tomorrow.
    Last edited by shangaijimmy; 16-05-2018 at 7:37 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 May 18, 12:13 PM
    • 29,739 Posts
    • 171,476 Thanks
    Karmacat
    That's great, Jimmy I love it when tweaks like that work so well. It's got to be good to have less alcohol around too. Kudos to your wife for getting out on the bike first thing, and good luck with the MOT.
    Retired August 2016
    • shangaijimmy
    • By shangaijimmy 16th May 18, 12:57 PM
    • 2,782 Posts
    • 13,889 Thanks
    shangaijimmy
    Quick update. Car passed its MOT...phew!!
    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 16th May 18, 11:53 PM
    • 6,105 Posts
    • 32,364 Thanks
    AlexLK
    Good to hear re. MOT.

    I used to drink every single night. Before joining the cutting down alcohol thread on MSE I could not imagine what it would be like to eat my evening meal without wine to accompany it. The drinking carried on after dinner every single night too. These days I only tend to have a drink a couple of times per month. Feel a lot better for it, too.
    2018 totals:
    Savings 11,200
    Mortgage Overpayments 5,500
    • shangaijimmy
    • By shangaijimmy 17th May 18, 7:40 AM
    • 2,782 Posts
    • 13,889 Thanks
    shangaijimmy
    Alex - it can really creep up on you as well the whole drinking in the house. Fortunately its never been something that i've gotten into.

    1 TT this morning. 1 week to payday and our money has pretty much run out. We have 26 left and i need 20 of that for golf tomorrow, however both cars are sorted for petrol and we just need a food shop. Thankfully child benefit (all budgeted for of course) will come early next week. Its just a pain that the day changes every month.

    Other than that life is all good! The sun in shining and i have a full day off work...happy days!
    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 17th May 18, 10:25 AM
    • 29,739 Posts
    • 171,476 Thanks
    Karmacat
    Ooh, you have a day off - I'm glad its sunny where you are.
    Retired August 2016
    • shangaijimmy
    • By shangaijimmy 18th May 18, 7:59 AM
    • 2,782 Posts
    • 13,889 Thanks
    shangaijimmy
    Can't believe yesterday i commented on someones diary about a parking tickets de railing them slightly, and the Mrs SJ comes home with a 50 one grrr! This wasn't an appointment running over 5 mins. She parked in a town centre car park for the full day and didn't think she'd have to pay for parking as she was getting a train ?!?!?!?

    Anyway i made a 1 TT this morning, so that pot is going well. And after last months food shop technique we're starting today with a schedule of food shopping once every 2 weeks. Hoping to spend no more than 100 (not counting milk top up on week 2). I suppose the first saving will have to go to parking ticket though.

    The sun is shining, i've dusted off my golf clubs for the first time since Apr 2016, so today should be a good day. Not expecting to play well, and i've made a wise decision to wear long pants rather than shorts as i expect to spending lots of time looking in the long grass and brambles for my ball! Golf is a work thing which is a bonus, but i will have to nip into the office for a couple of hours this afternoon on my way back.

    Then tomorrow is fascia. gutters and conservatory cleaning day.... Here's secretly hoping for a monsoon...
    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
    • Crumpets
    • By Crumpets 18th May 18, 1:44 PM
    • 915 Posts
    • 2,853 Thanks
    Crumpets
    Just popping in to say hi, Jimmy. I've just started reading your diary from the beginning but will try to keep up with the present too
    Mortgage March 2011 143,927.6
    Mortgage Aug 2018 86,030.76
    1897.98/2000
    • Crumpets
    • By Crumpets 18th May 18, 1:45 PM
    • 915 Posts
    • 2,853 Thanks
    Crumpets
    Can't believe yesterday i commented on someones diary about a parking tickets de railing them slightly, and the Mrs SJ comes home with a 50 one grrr! This wasn't an appointment running over 5 mins. She parked in a town centre car park for the full day and didn't think she'd have to pay for parking as she was getting a train ?!?!?!?
    Originally posted by shangaijimmy
    Oh no!! not you guys too
    Mortgage March 2011 143,927.6
    Mortgage Aug 2018 86,030.76
    1897.98/2000
    • shangaijimmy
    • By shangaijimmy 18th May 18, 3:44 PM
    • 2,782 Posts
    • 13,889 Thanks
    shangaijimmy
    Crumpets - thank you for popping in and i apologise for you having to read so much!!

    Golf done. Low expectations, very high outcome! Played well, won a bottle of wine and caught the sun. Winning day all round!
    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 May 18, 9:30 PM
    • 2,782 Posts
    • 13,889 Thanks
    shangaijimmy
    Logging one just to report that our shopping was a shade under 100 and will last us 2 weeks, so pleased with that. I've also listed 18 items this evening on ebay. We have perhaps 6 or 7 kids fancy dress costumes to list and then our pile in the corner will be no more... Well when I say no more, i mean no more for about 2 months...!

    We also have 4 items with bids on that finish on Sunday evening.
    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
    • EatingTheElephant
    • By EatingTheElephant 19th May 18, 7:33 AM
    • 1,331 Posts
    • 7,259 Thanks
    EatingTheElephant
    Fantastic news on the mot and that you can see the end of the eBay pile!

    All the investment talk has also been really interesting, something I will need to look at soon too.
    • shangaijimmy
    • By shangaijimmy 19th May 18, 9:01 AM
    • 2,782 Posts
    • 13,889 Thanks
    shangaijimmy
    Eating - the learning i've done from the reading people have guided me towards has been huge. Quite enlightening, and really does help with future planning. After 3 years of mortgage focus to get it to a manageable level should job issue arise, i've decided to pay a touch more attention to those years that i'd like to be retired/semi retired in and so delaying draw down of our pensions. So i have a tentative plan in place which will properly start in March when we remortgage, and i'm debating extending the MFW plan by 1-2 years in order to boost the investments pot - only debating at this stage! I am investing from now until March but only with 2k that we already have and then adding to it with 30 a month (in March that will increase to at least 100 and possibly 200), in order to learn/observe and gain some comfort in understanding the process.

    And onto today... I am supposed to be doing fascias, gutters and conservatory once I get back from DS2 football. Have to admit though that my motivation level is a big fat juicy zero! At least i made a juicy 1 TT this morning

    In other news something that has been irritating me for at least 18 months is my lack of running/exercise. From someone that was always playing sport the last 6 years this level has plummeted. Even after playing sport i used to run perhaps 30mile a week in my late 20's, kids then came along and time demands go elsewhere understandably. I've had spurts of restarting over the last 5yrs but its never really lasted longer than 2 months. I then struggled for motivation as my ability to run at a speed i remembered was diminishing (definitely age related!).

    So long introduction to get to this but i am being inspired by Mrs SJ's cycling exploits, as well as being conscious of steady weight gain as i hit 40 later this year (weight gain hasn't happened yet, but it will if i'm not careful). I've also realised through my MFW exploits that planning and long term goal setting really works for me. So charts on the fridge, spreadsheets and visual representations need to be a big focus and I'm formulating a plan... I have no desire to run marathon or half marathons (i actually know that after not running for 12 months i'd be able to go out tonight and do 10k without too much turmoil) so it'll have to be a personal target.

    I'm thinking of targeting running 400mile between June 1st and Dec 31st. So that's 57.14 miles a month, or 14.29 mile a week. This would give me a good long target with a weekly load, but have the ability to 'pre-load' the amount or play catch up, without it being ridiculous. And remembering that i'm supposed to be enjoying myself, and that i'm not as young as I used to be (and visualise myself to be when i recall running exploits).

    So in relation to all this I'm gonna do 3mile tonight and tomorrow and see how i enjoy it. I've then got 12 days to decide and commit! (Off to look at some gps tracking watches as i need birthday present ideas for everyone for 6 weeks time)
    Last edited by shangaijimmy; 19-05-2018 at 9:04 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 19th May 18, 9:37 AM
    • 29,739 Posts
    • 171,476 Thanks
    Karmacat
    I love that you're setting up long term plans while still paying the same level of attention to the day to day. And I remember being 39 and wanting to head into my 40s at a better weight, and fitter, than I was at that time. I did it, too, and it was a really positive thing. Go for it!
    Retired August 2016
    • A Frayed Knot
    • By A Frayed Knot 19th May 18, 9:38 AM
    • 2,473 Posts
    • 10,936 Thanks
    A Frayed Knot
    Well done you great news all round with food buying, exercise and investing and ebay listing . Lots of choices there.

    My motivation is also at zero but once washing no.1 hung out and washing no.2 on will make a start on the shed before running down to PO with 3 parcels for the bay, then running back to continue with the fence

    That's the plan anyway.
    Last edited by A Frayed Knot; 19-05-2018 at 9:49 AM.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 15 months 9/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • newgirly
    • By newgirly 20th May 18, 8:10 AM
    • 6,439 Posts
    • 44,813 Thanks
    newgirly
    I think I might hang around here for a bit jimmy and hope that some of your motivation rubs off on me, seriously though well done being so focussed
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • shangaijimmy
    • By shangaijimmy 20th May 18, 8:27 AM
    • 2,782 Posts
    • 13,889 Thanks
    shangaijimmy
    I love that you're setting up long term plans while still paying the same level of attention to the day to day. And I remember being 39 and wanting to head into my 40s at a better weight, and fitter, than I was at that time. I did it, too, and it was a really positive thing. Go for it!
    Originally posted by Karmacat
    I think that is the key, just being conscious of the future years. I had great teachers in that my parents were like that, so i suppose i have simply carried on their approach.
    Well done you great news all round with food buying, exercise and investing and ebay listing . Lots of choices there.

    My motivation is also at zero but once washing no.1 hung out and washing no.2 on will make a start on the shed before running down to PO with 3 parcels for the bay, then running back to continue with the fence

    That's the plan anyway.
    Originally posted by A Frayed Knot
    #
    After my last bank holiday i'm certain that fence/shed painting is my least favoured outside job!
    I think I might hang around here for a bit jimmy and hope that some of your motivation rubs off on me, seriously though well done being so focussed
    Originally posted by newgirly
    Newgirly feel free to loiter as long as you want! I can't guarantee motivation will rub off, and i'm certain that we all have lull's as its playing such a long game and i went missing for about 8 months last year when life got too hectic with. Lots of goals and plans work for me. Daily, monthly, long term and then in relation to mortgage, pension, investment. My biggest threat will be with our next re mortgage. Previously i've gone for 2 yr fixes as it long and short enough to pay attention to, but my plan for next Feb/March is to go for a 5yr. I think we'll be MF somehwere between 5 and 6 years at the at point so the thought on a 5yr is to be finished by the time the fix ends (extra motivation). So i need to be careful we don't drift along, therefore I'll make lots of challenges along the way.
    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 May 18, 8:36 AM
    • 2,782 Posts
    • 13,889 Thanks
    shangaijimmy
    Quick update on yesterday before i head out with the dogs. Firstly i apologise for not commenting on other diaries quite so much, but i've been pretty non stop the last week or so as I'm trying to be done for work and home jobs to have 10days off from Friday lunchtime.

    So the run never happened but for good reason... the gutters at the front of the house took twice as long as i'd time budgeted for and that set me back. After football with DS2 i then took the dog out, before starting the gutters and fascias. I then had to stop for work for 2 1/2 hrs (conference call type thing). I then restarted gutters, fascias an conservatory and only finished at 8pm, and then i needed to take the dogs out again (dog sitting for a friend this weekend so we have 2 in the house). By the end my legs were jaded with all the ladder climbing!! I did 15k in steps so its not like i was slobbing around all day.

    I will definitely get out tonight!

    1 TT this morning and then i OP'd the weekly pot which sat at 6.12. With 11 days to go it looks like the month is shaping up to have an OP total of 590, which i may round up to 600!
    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 20th May 18, 1:28 PM
    • 29,739 Posts
    • 171,476 Thanks
    Karmacat
    Good grief, Jimmy! It's true that everyone has lulls, but this definitely isn't one of yours well done you.
    Retired August 2016
    • shangaijimmy
    • By shangaijimmy 21st May 18, 7:19 AM
    • 2,782 Posts
    • 13,889 Thanks
    shangaijimmy
    Bit of a mixed bag yesterday. Dog walk first thing before the day warmed up, and then in work 10.30-3. Stood out in the sun, and i'm a bit pink round the arms and face this morning, oops! Then did a bit of grandparent visiting with the 2 DS's, and followed by a couple hours at the park with all 3 kids whilst Mrs SJ went out on her bike.

    8pm I finally got out for that 1st run! Nothing groundbreaking, and i was aiming for 3mile (or 5km for those that prefer km). It felt fantastic! I could have gone further but it was my fist run for 15 months and I was conscious of not wanting to be too sore today. I misjudged my distance slightly as i finished with 2.67mile, but at least i know which extra bit to add onto that route for Tuesday. I must add that i'd done 14k steps before i set out for the run as well!

    A few things learned:
    • I am much more comfortable without music.
    • Never wear those socks i had on when running! If I'm serious about my challenge I need to invest in some proper running socks.
    • I am not 25 anymore and my body won't respond well to running in 25 trainers. Again if i am serious abut this challenge I need to get my feet assessed and get some appropriate running trainers (got my birthday coming up so easily sorted)
    • If I'm serious about the challenge i need a better method of recording time/distance/pace etc... So i need a running watch (birthday will come to the rescue again).

    Final 4 days before the kids and me are off and i marked it with a 28p TT.
    Last edited by shangaijimmy; 21-05-2018 at 7:33 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
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