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  • FIRST POST
    • Moneyfordreams
    • By Moneyfordreams 5th Nov 15, 11:32 AM
    • 990Posts
    • 4,819Thanks
    Moneyfordreams
    In the nick of time
    • #1
    • 5th Nov 15, 11:32 AM
    In the nick of time 5th Nov 15 at 11:32 AM
    Hello,
    I been reading debt free diaries and mortgage free diaries since the summer and I have been hugely inspired and reassured my dreams are achievable.

    My husband was significantly in debt until 2 1/2 years ago through a failing business during the recession. Due to having equity in our home I was able (had to) to re-mortgage and pay off the debts. that's the simple version anyway.

    During the time when my husbands income was negligible we had a lodger. Unfortunately those basement rooms require about 5K worth of work and are currently unlettable. I hope either to save this money by the spring, or maybe withdraw some capital from my husbands small pensions. He gets about £200 pcm plus £800 wage. He has his own debt to pay until June next year, then I gain £120 to go towards the mortgage.

    I have a fairly good job and have always worked extra hours. My husband is working in a job on minimum wage. After many money related traumas and battles our relationship is fantastic.

    My aim is to retire at 55 if I can. I am going to go hell for leather to make this happen. We trimmed our expenses years ago. We have the occasional slip up and overspend in fact this year has been an overspend on some big items whist shopping at lld1.

    We have recently registered with airbnb to increase our income and may soon break even from initial outlay.

    Sold house March 2018

    Savings
    Rainy day £2000

    Short term goals
    Buy new home, pay down mortgage to < £100k by end of fixed deal June 2019 (looking less likely as spent 10 weeks in temporary accommodation)
    NEW HOME page 32

    KEY DATES
    Can access work pension 2025 (55 years)
    Have very small £2k private pension to close 2025
    DH state pension 2025, plus current pension of £200 pcm
    DH shares can be accessed from June 2020 and 2021but aim to cash them 2025
    my state pension 2037
    Official mortgage end 2030

    http://www.whatsthecost.com/snowball.aspx


    June 2018 OP £278. 68
    Last edited by Moneyfordreams; 14-06-2018 at 10:55 PM. Reason: to add link
Page 29
    • jodles16
    • By jodles16 24th Sep 17, 5:39 PM
    • 1,315 Posts
    • 3,971 Thanks
    jodles16
    Wow MFD! You have been so busy, I hope you are having an amazing time on holibobs and come back refreshed!

    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • Moneyfordreams
    • By Moneyfordreams 6th Oct 17, 12:31 PM
    • 990 Posts
    • 4,819 Thanks
    Moneyfordreams
    Thanks all for your messages

    We had a lovely holiday... OH was a moody g!t once or twice. I think its age related grumpy old man syndrome. 12 out of 14 perfect days is a good result. I don't think he likes being out of his comfort zone... at the Greyhound bus station in Las Vegas his face was a picture of horror/fear/confusion/snobbery just at the surroundings, the locals..... I kept having to poke him in the ribs to stop him shaking his head... . In LA , taxi past Skid row where miles of homeless people live in tents on the pavements was literally Jaw dropping and so sad. It's a problem of many presidents and cannot be blamed on the current one.

    We under spent by around £500 which has been paid to the CC . This is a miracle in itself as things were just so expensive.

    If I were to do things differently I wound spend an extra night in Vegas or LA and return from the LA as we flew back to San Francisco for the final night and flight home.

    DD2 made us an amazing welcome home cake... her first effort... perfect , and she painted a hand made welcome banner... I think both our daughters and grand daughter missed us

    Now to sort out the finances ,

    DD1 owes £150 but will pay £50 off that today
    lodger owes £240 , he will pay today.
    @irbnb 15 nights for October with projected pay out £450

    I have £700 unspent from salary
    EF £2k intact
    household bills get sorted mostly from OH salary and up to date

    CC @ £3k this am
    0% cc is at £4300

    Mortgage is £158k as has had an OP of 107.86 this month

    May aim is to clear the £3k card by end of November whilst keeping EF (old boiler worries )

    All extra income to be thrown at that.

    DD1 off to NYC on her prize trip on Sunday , childcare will be needed
    DD2 taking a Gap year and is off to South Wales to view uni's, she has got out of the South uni let saving her £5k this year (and taking me off the guarantor, phew )

    Sure I have more to say... but glad to be home. A Lidl weekly shop is the same price as 2 beers and 2 wines.. SMALL ONES
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
    • greent
    • By greent 6th Oct 17, 2:00 PM
    • 7,077 Posts
    • 72,109 Thanks
    greent
    Sounds like a great trip - but ouch to the cost of drinks!

    Great money news above!
    x
    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) £1068.37/£4000
    Net sales 2018 £522.39/£1000 PAYDOX18 (#15) £18564.38/£18918.90
    • Moneyfordreams
    • By Moneyfordreams 7th Oct 17, 7:52 AM
    • 990 Posts
    • 4,819 Thanks
    Moneyfordreams
    Thanks Greent, it was lovely.. relaxing and hectic at the same time. Thankfully I'm not back at work until next Friday... We have some babysitting to attend to first

    OH and I cleaned the house yesterday , last nights guests only staying one night then today's arrivals are here for 3.

    awake since 4am... I can't say its jet lag... more back to normal , OH has already walked to the supermarket to get the bits I missed yesterday.

    DD2 used 8 toilet rolls during our 2 week holiday ... we've had to have a talk about over usage

    Day one of new diet completed... detox headache and lethargy expected. I'm hoping to get some exercise in over the weekend and not completely flake out.
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
    • newgirly
    • By newgirly 7th Oct 17, 12:10 PM
    • 6,326 Posts
    • 43,608 Thanks
    newgirly
    Wow how much for the drinks glad you enjoyed it though
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • Moneyfordreams
    • By Moneyfordreams 8th Oct 17, 9:35 PM
    • 990 Posts
    • 4,819 Thanks
    Moneyfordreams
    Onwards and downwards now NG, money for future not for booze (this week )

    walk to the supermarket this am, took pennies and silver ... left purse at home. We only needed spuds for dinner and OH wanted some beer (£2.49 for 4 ) did say to OH, he had to contribute his pennies too... think he wanted me to get his booze .

    had my winter boots heeled before our trip, £8. they were my reduced Chelsea Uggs from last year.
    have done a couple of pulse surveys for 23p.

    paid cc £120 weekend bnb money. and have £250 lodgers rent to pay into the bank then cc tomorrow.

    day 3 of diet... I'm starving... well just would like wine, crisps chocolate.. and a dinner twice the size it was...
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
    • Moneyfordreams
    • By Moneyfordreams 14th Oct 17, 2:17 PM
    • 990 Posts
    • 4,819 Thanks
    Moneyfordreams
    Well I did say all extra money is to go to the CC. and I have kept up with that, and a bit extra such as rounding up, £80>£100, £30 >£50 . I have reduced our EF by £500 to pay towards CC now that DD1 is back on home soil. Lodger is paying his rent in cash which is a bit of a nuisance as I will have to get to the bank on Monday to deposit it.

    I confess though I have booked a holiday cottage in York for 2 nights early November for us to attend a christening. Friends we have not seen for a couple of years have a new born, so it will be lovely to visit. I was planning to use airbnb travel voucher but the places were that little bit too far to make it economical and timely. I thought we have lost the voucher but @bnb have given us another for $100

    The supermarket shop of last week still hasn't been used so no big shop this week. Maybe we'll do a freezer challenge

    Over the next few weeks I need to sort out the internet and the G&E. Vodafone internet has been stupidly poor. At busy times, tea times and evenings it may take 2 hours to get a film ready to watch. I will probably go back to sky.

    I really really really wish an estate agent fairy would wave a magic wand over our house and bring a buyer...
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
    • michelle09
    • By michelle09 14th Oct 17, 5:25 PM
    • 786 Posts
    • 4,337 Thanks
    michelle09
    I really really really wish an estate agent fairy would wave a magic wand over our house and bring a buyer...
    Originally posted by Moneyfordreams
    That sucks. Have you had many viewings?
    • Moneyfordreams
    • By Moneyfordreams 16th Oct 17, 12:04 PM
    • 990 Posts
    • 4,819 Thanks
    Moneyfordreams
    Hi Michelle, TBH we are not yet on the market. We were on 3 years ago for about a year with 2 different agents. we had 20ish viewings, one offer that was pulled (after I'd paid for a survey on another property) and one other expression of interest that never got anywhere. My OH does not want all of those viewers again so I'm in the process of arm bending and nagging to get diy jobs completed.

    Last time we twitched the lodger and he moved out. I don't want to do that again without being truly certain of a buyer and a move. So I have to exercise some caution .

    I'm 75% sure I will put it on in the spring. A local family said they wanted to buy it a couple of months ago at a bbq we were at. however that didn't come to anything. They have put photo's on faceache of their decorating and I wonder if they will put their house on the market again.

    I could still buy a lovely property with £200k and reduce mortgage by £50k and that would be selling at out cost of the house 12 years ago. anyhow... that's why I need magic

    We have a couple of extra bnb bookings this week , so 5 nights booked.

    I need to walk to town to put rent in the bank which will go off Cc.

    I need to got through our bills. G&E fix end next month. I need to change tariff or company. I need to find better internet provider. Vodafone is awful.

    My sister gave us mums old car. She has never learnt to drive and it was the 2nd car she had off mum. We did have it a few years ago until she was ready for it after mum stopped driving. Its an old Y reg corsa, not worth much but has low mileage and drives well. OH wants a day job now he has transport. If he got full time we probably would really limit @irbnb. We obviously now have 2nd car costs.
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
    • Moneyfordreams
    • By Moneyfordreams 17th Oct 17, 9:22 AM
    • 990 Posts
    • 4,819 Thanks
    Moneyfordreams
    Didn't pay the cash into the bank yesterday as I am waiting on a bill. Some unkind person has taken the drivers wing mirror off my car at on Saturday. The casing burst open but glass intact. OH has asked our mechanic if it can be put back together rather than replacement.

    Extra night from guests will pay cash. I've donated to OH, as a keep him sweet payment

    OH and I had a date afternoon yesterday. It was the fist time in a long time my purse stayed closed

    I suggested OH goes to the job centre this week.... He came back with "there is a 4 night contract available at work, I'll go for that"..... result I think
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
    • newgirly
    • By newgirly 18th Oct 17, 7:10 AM
    • 6,326 Posts
    • 43,608 Thanks
    newgirly
    How annoying , hope you manage to get the wing mirror fixed cheaply. Good news on your dhs job though
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • brizzledfw
    • By brizzledfw 18th Oct 17, 7:30 AM
    • 7,275 Posts
    • 35,710 Thanks
    brizzledfw
    Just catching up....so so pleased re the holiday. You sound very focussed on health, money saving and big plans for moving house. Best of luck with it all
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • Moneyfordreams
    • By Moneyfordreams 20th Oct 17, 2:18 PM
    • 990 Posts
    • 4,819 Thanks
    Moneyfordreams
    continuing to pay all extras off CC
    now we have extra on cc because of giving all of our cash to DD1 for her house purchase (£8k) and I wanted to keep holiday money and emergency fund separately.

    have just deleted moany post.... need to have a chat with DD1 ....
    Last edited by Moneyfordreams; 20-10-2017 at 2:26 PM.
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
    • Moneyfordreams
    • By Moneyfordreams 20th Oct 17, 8:36 PM
    • 990 Posts
    • 4,819 Thanks
    Moneyfordreams
    Talked with DD1, at least she is cool with things being discussed (unlike DD2) she understands our worries and frustrations... I've said my piece and its all amicable.

    Wing mirror was done by the local mechanic friend of OH, he's semi retired and tinkers with cars. He charged £15 We gave him £20 We have avoided the garage this year with the extended warrantee, my sanity is worth throwing it in the bin.

    We have a couple of trips coming up. I've confessed to the York christening, however I had forgotten DD2 had bought OH John Bishop tickets last Christmas.... She booked it in Manchester. I've managed to use the @irbnb gift voucher and got the price of an apartment down to £26 from £100

    May balance out my new membership to Sl1mming Worl2 . The group leader I've seen many many times over the last 5 years. She asked us to fill in card shaped as xmas baubles to put our xmas wishes .. I peddled the usual , 20lbs (this side of xmas) , but thinking about it, I not only want to feel fitter and move more easily, I want to be able to take my wedding ring off , if only for a few minutes and I would love to cross my arms across my chest without reminding myself of Hattie Jaques
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
    • Moneyfordreams
    • By Moneyfordreams 24th Oct 17, 12:17 PM
    • 990 Posts
    • 4,819 Thanks
    Moneyfordreams
    Still ploughing away at the cc, a 3rd gone since our return.

    @irbnb has been really lucrative this month. We've had 3 nights off since the 5th. Was planning a restful couple of days then more bookings up to next Sunday , with 4 different couples, so a bit more work. But as above, all improving our bank or CC balances

    OH is laid up with a sore ankle. He's moving a bit better today but its still swollen. It's likely to be degenerative in someway but will he heck go to the Dr's. I assess these things for a living. It's happened a few times but never has been so debilitating. So My days off are making beds and cooking meals for OH ( I gave him the kitchen years ago )

    Seen as yesterday and today are my weekend days, I tried M&S low calorie low alcohol wine last night. Was quite enjoyable. Didn't taste watered down at all. I did feel a little cheated by the end of the night, although that is a positive no drunkenness so why not drink water or juice really

    I bought soda crystals probably 2 years ago now. Used them once and they have been in the corner of the laundry room since. I remember seeing oven hood filters cleaned by them so I gave it a go. Left them in soak for a couple of hours (forgot about them ) and the grease just melted off them... Thrilled.
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
    • brizzledfw
    • By brizzledfw 27th Oct 17, 9:23 AM
    • 7,275 Posts
    • 35,710 Thanks
    brizzledfw
    Very pleased for you re Air BnB and soda crystals...loving the very practical posts
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista
    • Moneyfordreams
    • By Moneyfordreams 18th Mar 18, 7:23 PM
    • 990 Posts
    • 4,819 Thanks
    Moneyfordreams
    hello all,

    Not posted for a while so I've had a few months break from MSE. I went into a house spending spree to try to make me feel better about all things house. Built up CC to buy holiday, sofas, much needed wardrobes, decorating.... anyhow I had to push OH into finishing 3 year old jobs.

    We decided to sell the house around Christmas time as I was still unhappy, even with the pretty and necessary changes. So end of Jan put house on market and it sold in a week !!!
    We are still astounded... our buyers wanted to move quickly , so we did. 5 weeks in total

    We are now in a hotel (kind of) awaiting our new property.... so homeless but cash rich and almost CC free. I will need to pay off my old stooze card when the mortgage releases ERC of £4k to port the mortgage.

    Strangely we have a good deal on the hotel apartment which is very basic at £140 per week and have provisionally booked for 6 weeks. Being here will be half the price of our monthly bills so we are gaining holiday spends and having a little adventure.

    mind you there has been no move on our purchase as a forgotten form needs singing by the long divorced owners who are not speaking to each other. Even the solicitors can't get hold of the Mrs, when it was the Mr who was initially the staller.

    I hope we don't get messed around much longer. there is nothing on the market locally I like and with my demands without increasing by £20k or £30k.

    So we are playing a waiting game. Hopefully this time next month my mortgage will be £120k over 12 years, and my aim is to reduce to below £100k before re-mortgage in 18months. then I aim to blast that £100k in 5 or 6 years

    Our new house will give us privacy that we have not had for 10 years or so, a south facing garden, a driveway and only 3 bedrooms... We can't wait.

    I managed to read a few diaries over the last few days and will go back to commenting when I pluck up the courage .

    hope all are well .. thanks to those who have pm'd me
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
    • TallGirl
    • By TallGirl 18th Mar 18, 9:06 PM
    • 4,276 Posts
    • 8,844 Thanks
    TallGirl
    Amazing thanks for the update hope you get into your new place soon. Definitely right to move on sounds like selling was the only way and at least it was quick.
    • CathT
    • By CathT 18th Mar 18, 9:15 PM
    • 5,586 Posts
    • 38,889 Thanks
    CathT
    Good to see you back MFD and what a quick sale!
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • greent
    • By greent 19th Mar 18, 7:15 PM
    • 7,077 Posts
    • 72,109 Thanks
    greent
    Wow! Amazingly quick sale. Hope the sellers start things moving soon... x
    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) £1068.37/£4000
    Net sales 2018 £522.39/£1000 PAYDOX18 (#15) £18564.38/£18918.90
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