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  • FIRST POST
    • selloptape
    • By selloptape 11th Oct 15, 11:21 AM
    • 470Posts
    • 2,006Thanks
    selloptape
    Single mum - sink or swim!
    • #1
    • 11th Oct 15, 11:21 AM
    Single mum - sink or swim! 11th Oct 15 at 11:21 AM
    Hi everyone

    So firstly, thank you to everyone for posting your inspirational diaries! I've been lurking for a while and have loved popping in and reading your stories. I'm hoping that my own diary will help me stay focused and on track too

    I had a lightbulb moment earlier this year when I realised that my parents are retired and enjoying hobbies, volunteering, socialising etc but when I'm their age I'll still be in ft work paying my mortgage! This was a little depressing but after churning a few figures through the overpayment calculator (my new best friend, ha ha!) I've realised that I might be able to pay it off by the time I'm fifty if I overpay by £175 a month. Feeling much better now and just need to make this happen!

    X

    PS

    Here's my mortgage countdown, thought I'd add to the first post instead of my sig

    (Date - amount owing - % paid off - years left on term)

    Oct 2014 - £78,500 - nowt! - 30 years
    Oct 2015 - £76,686.30 - 2.31% - 28 years, 10 months
    Last edited by selloptape; 12-10-2015 at 11:30 PM. Reason: Forgot to put any info about the mortgage ;-)
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
Page 7
    • selloptape
    • By selloptape 7th Mar 18, 10:09 PM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    Oh wow! Thank you so much!! That sounds amazing!! I havenít ever thought of trying to force all the thoughts out earlier before trying to sleep but makes so much sense that it would help.

    Pity itís late, I want to try it now will have to wait til tomorrow

    Yesterday and today werenít NSDs but were LSDs (low spend days - need to think of a different name ) only bought a snack yesterday and a couple of cards today. Tomorrow doesnít look too spendy either, just need some stir fry veg for dinner.

    Tried to make my first OP of the year this evening... And all the bank systems were down will try again tomorrow. Iím aiming to pay off £300 a month this year, taking a year and five months off my term.
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • MeandO
    • By MeandO 8th Mar 18, 9:27 AM
    • 1,566 Posts
    • 7,524 Thanks
    MeandO
    That's a great overpyment sellotape, I hope the banks are back up now - so frustrating when they're down and you want to do something!

    Hope you're having a good week x
    House repairs: £4320 £3597.12 (£722.88 saved)
    Mortgage Feb 2015: £102,000 Mortgage now: £74,999
    2018 mortgage OP's: £1585.78/£1800
    Emergency Fund: £1000/£5000
    • selloptape
    • By selloptape 8th Mar 18, 8:06 PM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    Thanks MeandO Not sure if the banks have sorted everything yet as it took me an hour longer than normal to drive home from work and the call centre was closed when I tried to ring... If I can!!!8217;t OP for a third time in a row i!!!8217;ll start to wonder if the universe is trying to tell me something

    Now feeling very tired and sorry for myself. Not sure why sitting in my car and singing badly is so tiring !!!55357;!!!56834;!!!55357;!!!56834;

    Positives are that today was a NSD, I!!!8217;ve found two jobs to apply for, I have some tofu marinating for dinner and a glass of wine and Netflix on the go.
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • selloptape
    • By selloptape 11th Mar 18, 1:01 PM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    Made my March OP finally - phew. Was starting to worry that it would never happen!

    I!!!8217;m funding my April OP from saved £5 notes - last year I saved all my new fivers in a jar - £440. It!!!8217;s too much hassle to get to a branch of my bank to pay these in so instead I!!!8217;ve been popping a few in my purse before each grocery shop and using them to pay. At the end of the month my grocery money will (hopefully ) be sitting in my bank and I can use this for my next OP.

    Have written a meal plan and just off to Mr T for a shop - hoping that it will be quiet as people will be busy doing Mothers Day things instead of weekly shops

    Have a lovely Sunday everyone x
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • selloptape
    • By selloptape 18th Mar 18, 11:55 PM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    I!!!8217;ve had a fairly frugal week, stuck to my menu plan and stayed away from spendy temptations and shiny things. Feeling quite pleased with myself

    Meal plan has been made for next week, including lunches to take to work. Im getting better at sticking to the plan, just need to improve on being able to work out what the cheaper options are and include those on the plan.

    Been vaguely wondering if I can avoid buying any new clothes until next year. I think it could be possible - unless I manage to change job and have to start dressing smartly. I normally spend a fair amount on clothes so could be a significant saving. Might have a peep on DFW and see if there!!!8217;s a challenge.

    Hope everyone!!!8217;s not snowed in? Have had it all weekend but should be melted enough to drive to work tomorrow
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • hiddenshadow
    • By hiddenshadow 19th Mar 18, 9:09 AM
    • 2,488 Posts
    • 11,430 Thanks
    hiddenshadow
    We're trying to do minimal clothes shopping as well...I was going for none for a year, but it turns out we had quite a few lightweight tops and not that many long-sleeve/cold weather tops, and our house is quite chilly! So we've picked up a few extra things here and there, but I think we've stuck with < £100, so I'm pleased. Would be nice if that could be our last round of buying clothes for 2018.

    Well done with the meal plan - I find the temptation a struggle sometimes, even though I like everything that's in our meal plan. Sometimes we go off piste a bit and "rebel" by not making whatever we planned to make and just invent a recipe...that can be a bit exciting.
    MFW: £197,100 (2013) to £98,229 (Aug '18)
    2018 MFW #56: £4,806/£105,000 4% / MFiT-T4 #15: £59,661/£90,000 66%
    • selloptape
    • By selloptape 19th Mar 18, 8:05 PM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    Wow under £100 in a year is amazing hiddenshadow! I!!!8217;m lucky in that I don!!!8217;t like clothes shopping in shops too much but do get caught out by internet splurging.
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • selloptape
    • By selloptape 26th Mar 18, 8:45 PM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    Been a bit all over the place since I've last posted.

    Have a massive list of house jobs but haven't done any of them. Need to.

    Have started to get on top of grocery spend but diet has totally gone out the window. Am a little worried about health and fitness generally. Need to find cheap eats that aren't unhealthy and time to work out.

    Have been thinking about retirement... Ok so state pension age is 31 years away but that's only a couple of years after I've paid off my mortgage (without OPing ) and I don't know if I'll be able to cope with working that long. Plus I have a very stressful job, so need an escape plan, probably involving retraining, investments and pension...

    Luckily it's bank hol next weekend so I'll be able to plan everything out, and break it down into goals that are smaller than "sort out whole life"
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • selloptape
    • By selloptape 11th Apr 18, 10:27 PM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    Late to the party as always... I've set some April goals

    April
    • OP £300 done 12th April
    • Grocery challenge
    • Meal plan all month
    • Follow SW and stick with syn limits
    • Maintain daily steps average 5k a day
    • 2x fitness class
    • 2x yoga coass
    • Get hair cut
    • Order son's new furniture done 12th April
    • Order son's carpet
    • Take up laminate in son's room
    • Paint skirting in son's room
    • Get quotes from Gardeners
    • Decorator quotes
    • Plumber quotes
    Last edited by selloptape; 12-04-2018 at 10:19 AM.
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • shangaijimmy
    • By shangaijimmy 12th Apr 18, 8:46 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    B
    Have been thinking about retirement... Ok so state pension age is 31 years away but that's only a couple of years after I've paid off my mortgage (without OPing ) and I don't know if I'll be able to cope with working that long. Plus I have a very stressful job, so need an escape plan, probably involving retraining, investments and pension...
    Originally posted by selloptape
    Totally with you on this one. My attention to retirement thoughts over the last few weeks. I'm 29 years away but know i'd be a wreck by 68 if i have to keep doing what im doing now, so I'll be an interested reader of your plans and thoughts.
    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
    • selloptape
    • By selloptape 12th Apr 18, 10:52 AM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    Thanks shanghaijimmy... it's good to know that others are in the same place.

    I'm still trying to get my head around what seems like a lot of complex options pensionwise.

    On the mortgage front I've OP'd £300 today. And Spanish bank have told me that I'll be able to OP through the app soon without having to call them each time. This will make things so much easier! I might even start to get motivated by a tidy balance (it just isn't worth the 15 min phone call to OP small amounts atm).

    Meal planning and grocery challenge is ticking on - am struggling to keep to healthy options without spending though, hard to get the right balance.

    Reviewed all my direct debits - have saved some money on gas but electric usage is up (joys of having a teen who loves gaming!) so nothing extra there to OP.
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • selloptape
    • By selloptape 22nd Apr 18, 5:36 PM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    Gas direct debit has jumped from £40ish a month to £163 a month. Bit of a leap. Might need to reduce next months OP to £150 while I adjust to new budget. Must add insulation back onto the list of house jobs.

    Grocery spend is on track, I've still avoided clothing spends, other bills seem ok.

    House jobs are a bit disheartening atm. Half the tradespeople I call either don't turn up to quote or turn up but don't quote. So frustrating

    Three things I'm grateful for:
    • Two okay nights sleep in a row
    • Have supportive friends and family
    • There's leftovers in the fridge so I don't have to shop for tea
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • MeandO
    • By MeandO 23rd Apr 18, 11:09 AM
    • 1,566 Posts
    • 7,524 Thanks
    MeandO
    Hi Sellotape,

    That's heck of a jump with the gas DD - have they given a reason as to why or is it based on an estimated reading? Sounds an awful lot to me.

    I can sympathise with the house jobs. I finally had some work done in my bathroom last week, but it's taken well over a year to get someone in to do it. As it was, he didn't finish everything I'd asked him to and said someone else would be coming to lay flooring for me but he didn't know when. I was so annoyed that I had a go and did it myself this weekend and it's actually worked out ok. I've saved myself £90 in the process too. It's surprising what you can achieve with a bit of guidance from you tube videos and the will to get a job done!

    Hope you had some sunshine at the weekend and managed to enjoy it. I had a potter round the garden and a nice walk, always good for the soul.

    x
    House repairs: £4320 £3597.12 (£722.88 saved)
    Mortgage Feb 2015: £102,000 Mortgage now: £74,999
    2018 mortgage OP's: £1585.78/£1800
    Emergency Fund: £1000/£5000
    • greent
    • By greent 23rd Apr 18, 9:50 PM
    • 7,354 Posts
    • 74,543 Thanks
    greent
    WoW - that's a huge increase!!

    We always seem to have tradesmen issues - I think we had 5 plumbers out to quote for work. All seemed keen, 1 quoted straight off and then another did when chased 4x (I wasn't going to use him anyway, but I'd had him out and explained how much hassle I was getting someone to quote and he promised me he wasn't like that - took him about 3 weeks to quote after the date he gave) I then see them advertising on fb00k that they are available for work etc and it just annoys me!

    We're also investigating pension options here atm - but I think I'm 10 or so years older than you, so it's a bit closer for me!
    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 £655.15/£1000 PAYDOX18 (#15) Done £18918.90
    • selloptape
    • By selloptape 30th Apr 18, 12:01 AM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    Hi Sellotape,

    That's heck of a jump with the gas DD - have they given a reason as to why or is it based on an estimated reading? Sounds an awful lot to me.
    Originally posted by MeandO
    It's a bit wild isn't it? I've recently switched to a cheaper tariff as well so was pretty shocked. The email said it's just for six months to clear the defecit... So glad it's summer!!

    Sorry to hear you've also had tradesperson issues! Hope all is well with you x
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • selloptape
    • By selloptape 30th Apr 18, 12:07 AM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    I then see them advertising on fb00k that they are available for work etc and it just annoys me!
    Originally posted by greent
    100% this!! Actually saw a similar post on FB today from a guy who turned up and never got back to me. It was so hard to resist leaving a sarcastic comment
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • selloptape
    • By selloptape 9th Sep 18, 12:08 PM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    After a super spendy summer I've just made a sneaky OP of £100. It feels good to be back

    Have made some improvements to the house, so hopefully won't get hit with another monster heating bill next spring (I'm still paying last one off )

    Now off to do garden for a couple of hours, instead of a fitness class, it's saving me £7.50
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • MeandO
    • By MeandO 11th Sep 18, 9:44 AM
    • 1,566 Posts
    • 7,524 Thanks
    MeandO
    Nice to see you back sellotape! Xx
    House repairs: £4320 £3597.12 (£722.88 saved)
    Mortgage Feb 2015: £102,000 Mortgage now: £74,999
    2018 mortgage OP's: £1585.78/£1800
    Emergency Fund: £1000/£5000
    • selloptape
    • By selloptape 16th Sep 18, 11:15 PM
    • 470 Posts
    • 2,006 Thanks
    selloptape
    Nice to see you back sellotape! Xx
    Originally posted by MeandO
    Hi MeandO! How're you? Hope all is well x
    GC Sept £275.13/£250
    £2 Savers Club #59 £58
    MFW 2018 #49 £700/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • Youthgonewild
    • By Youthgonewild 17th Sep 18, 1:49 PM
    • 72 Posts
    • 123 Thanks
    Youthgonewild
    Hello Selloptape

    Just read your diary, I think you are doing fab!

    I noticed in one of your previous posts you mentioned looking into pensions, investments etc. Just being nosey really, but do you have a work place pension? I don't really understand my pension scheme properly but I know that I *can* retire at 55 (obviously with my pension taking a huuuuuge hit) but I have set up AVCs alongside it not so long ago. Only £30 a month but it all adds up (assuming my pension company LGPS doesn't crash in the future )

    Good luck on MFW journey. The road is long but you will get there
    Mortgage balance October 2015: £99875
    Mortgage balance November 2017: £97583

    Mortgage balance July 2018: £94217
    Mortgage balance August 2018: £93472.10
    Mortgage balance September 2018: £91825.09
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