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  • FIRST POST
    • Moneyfordreams
    • By Moneyfordreams 5th Nov 15, 10:32 AM
    • 1,257Posts
    • 6,152Thanks
    Moneyfordreams
    In the nick of time
    • #1
    • 5th Nov 15, 10:32 AM
    In the nick of time 5th Nov 15 at 10:32 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

    Mortgage OP
    June 2018 OP £278. 68
    June 30th OP £200.00 = £478.68
    July 2nd OP £34.14 = ££512.82
    January 2019 = £4.99 = £517.81
    February 2019 = £4.96 = £522.77
    March 2019 = £3 = 525.77

    Long term savings shares/ISA (without interest/growth)
    Me
    July 2018 £100 & £143
    August 2018 £100 =£343
    September 2018 +£100 = £443
    October 2018 +£100 = £543
    November 2018 +£100 = £643
    December 2018 +£100 = £743
    January 2019 +£100 =£830 ( loss of value)
    February 2019 +£100 = £930
    March 2019 + £100 = £923 + £141 = £1064
    April 2019 + £100

    OH SM shares
    June 2018 £1200 + £200 = £1400
    July 2018 +£200 = £1600
    August +£200 = £1800
    September +£200 =£2000
    October +£200 = £2200
    November +£200= £2400
    December xmas month off

    Jan 2019 £200 = £2600
    Feb 2019 £200 =£2800
    March 1st 2019 = £3000
    March 28th 2019 = £3200
    Last edited by Moneyfordreams; 06-04-2019 at 3:00 PM. Reason: to add link
Page 41
    • Moneyfordreams
    • By Moneyfordreams 28th Feb 19, 5:24 AM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    Pay day yesterday was sorted in less than 10 mins (at 2am ) perils of nights off... Was on my overtime shift and was nabbed for the main dept for the afternoon.... it never gets any better no matter what system its still bonkers. Staff turnover is massive. It is constantly busy over 24hrs a day. Maybe years ago there was some respite during the nights, now not.

    1/3 salary debt ,cc
    1/3 mortgage and car
    1/3 savings (for holiday and EF ) ermmmm this will have to be revisited as I've left myself with a tenner

    So really that's 2/3rds debt OMG this so needs to stop... but each month I'll say, by Feb, by March, by April... Anyway If I get some cash back from friend It will be gone in March. If not April. (the smaller cc) Then it's 2 months on the bigger cards on 0% , then its asking FD to give me a mortgage. one cc is with hsbc. As nearly all the money is on the house I'm hoping they will be ok. They said yes a couple years ago, they just wanted a solicitors letter to exclude OH as he wasn't on it and I couldn't be bothered. And halifax were cheaper at the time and I did it online.

    We still need a new suit for OH. was thinking of asking girls to buy him a dress shirt and trainers for his birthday. That will reduce costs. We are going to the races again in May so he will get more wear out of it.

    coffee with friend tomorrow, then further weekend shifts. I will be going out Sunday after work though. Builders partner friend who I've not seen since before the Cr@99y jobs is taking me out , we are going to a concert of someone I've seen before, friend in work covering me to leave a couple hrs early. Some messing and costs involved, but to keep the peace
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • Moneyfordreams
    • By Moneyfordreams 1st Mar 19, 3:43 PM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    Friend returned £200
    She still owes the same again, but she was happy to pay that amount. ( she then told me her husband paid off her £4k cc ) I must have married the wrong man actually her OH is pig headed and mine in kind and generous and skint . She paid for breakfast last time so we had a nice pizza for 6.49 in Wetherspons .

    As I've left myself very short of cash for the month I paid a further £100 off cc and kept the other. Seeing other friend and going to arena concert Sunday therefore will need cash for that. Post payday spending diary commenced. OH spent £61in ldl . That should last until payday. I've topped up decaf tea and deoderant from homeB. I've been after a new fob watch since before xmas. I keep forgetting, but today picked up new batteries from homeB for 79p a pack. there is 4 in the size I need (and several I don't need )

    Water metre read and awaiting bill. hopeflly it will stay at £36 per month. As our usage is pretty much the same.

    Thanks to warmer weather I've said we should have a frugal month with heating. We still has 17 bags of logs for the burner, and lots of wood OH gave up cutting prior to our bulk orders, should be plenty to see us through. I've entered a complaint with Scottish Power. They say we need to read the metres to get a refund from our move to smart metres. Its about £17 they owe from the change from prepayment to prepayment smart metres. The fool in in the text chat said they were keeping it as I owed them.... I don't blinking know how... then today a call centre person said they wanted me to read non readble metres. Surely they should have a better SOP for these changes.

    Dyed my hair today and cut my fringe. £1.99. Even If I did ask DD1 the colur would be pricey. I do want her to do it before hols though.

    OH paid today. I should be able to add to our fuel accounts from there. I will look at changing pending outcome of complaint call next week.
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • Tahlullah
    • By Tahlullah 3rd Mar 19, 7:49 AM
    • 950 Posts
    • 5,039 Thanks
    Tahlullah
    Congrats on the repayment from your friend. So good to see your trust repaid.
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    15 February 2019 - Mortgage debt - £78,400
    23 April 2019 - Mortgage debt - £85,000
    • Moneyfordreams
    • By Moneyfordreams 8th Mar 19, 9:30 AM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    1st of 2 days off
    off to gym soon. my diet has been healthy food but back to snacking on crisps no weight gain, but no loss either.
    DD1 paid up this month, so 50/50 to CC and me.
    I've now £6 for the month , I'm likely to go into the red again by £200 this month based on past months. Although next months salary we will be on holiday and I won't need the holiday spends budget, so will easily catch up.

    My complaint with S Power upheld. £30 to be sent by check , That should cover extra fuel for DD2 whilst we are away.
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • Moneyfordreams
    • By Moneyfordreams 8th Mar 19, 11:08 AM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    Cut short there as husband came in. He knows I read diaries, but doesn't know I have one...
    I've asked for money from him and the girls for my birthday to have an antiwrinkle treatment or 2... booked in for monday

    Gym done , the one I go to is 5mins walk away so one less excuse I can use not to go.

    Savings are good. I'm feeling really positive about the month ahead finacially and feeling back in control.

    OH had words with builder yesterday as the poor finish on jobs is getting him down (about time) but still poor response. Can you go to trading standards for a friend? He sub contracted electician and the light keeps flickering. suppose as the light get lighter we won't notice as much Grrr
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • Moneyfordreams
    • By Moneyfordreams 17th Mar 19, 9:37 AM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    This is becoming an expensive month. I still have to figure out what to give my husband for his birthday gift. I want something thoughtful and inexpensive.

    I did some ebay shopping last week.... parcels have been arriving daily also Debenham$ sale. new bras, jumpers and such like... suitable for the north sea and beyond... everything low prices some 2/3s off. But I still have to take OH for a new suit. That's planned for Wednesday.

    Friend will return the final £200 today.. however we are going out for lunch with her and her husband so half of that likely to go.

    I'm officially on annual leave but have OT shift booked in Tuesday. That should make April's pay brighter.

    We leave for our holiday Friday morning. Thursday night we are hoping for a meal out with our girls. but the girls still don't speak to each other. I feel bad as we OH and I will be away for his 60th birthday therefore he needs a bit of a special family time... both girls are working until late, DD2 say she can't get off before 7.30pm, DD1 did say she could change her shift but didn't. Feeling a little let down as we told them months ago. ( Our GD who is 5 will be there , so not wanting a late night).

    I'm looking forward to April when cc will be paid off (unless I get carried away) , savings settled (in balance to paying off cc) , and then moving forward again with the house.
    Last edited by Moneyfordreams; 17-03-2019 at 9:45 AM.
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • CathT
    • By CathT 17th Mar 19, 10:08 AM
    • 6,006 Posts
    • 41,886 Thanks
    CathT
    Good to hear more money being repaid to you. Life still sounding very busy for you mfd.
    April 2019 - part 1 - £69,838 part 2 - £43,960
    Total - £113,798 103 months to go!
    • Moneyfordreams
    • By Moneyfordreams 20th Mar 19, 10:16 AM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    Thanks Cath... as of today no work for 2 and a half weeks

    Unfortunately the suit shopping has been scuppered by OH arranging building inspector to come and pass the building works we had done in November. We got sick of waiting for (ex?)friend although he has said he will come Thursday well we won't hold our breath... also we have to pick up GD from school today and tomorrow.

    OH decided against family meal Thursday. Too late and too much hassle. We'll by snacks for a buffet tea for when each of them arrive. We had a good time Sunday with old friends, spent far too much, and while i was doingOT yesterday OH was surprised by 4 work friends who took him for a drink. He still feels special.

    I have a beauty treatment rearranged from last week to tomorrow, so things tight then for time too for suit shopping. May be able to squeeze something in. However if all else fails , the cruise departure has been delayed by 4 hours, so we will have some time on the south coast at least
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • try harder
    • By try harder 22nd Mar 19, 9:26 AM
    • 847 Posts
    • 3,383 Thanks
    try harder
    Have a great holiday
    • Moneyfordreams
    • By Moneyfordreams 3rd Apr 19, 6:28 PM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    back home after a lovely holiday.
    hopefully I will now be able to get back to money saving whilst renovating this house
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • Moneyfordreams
    • By Moneyfordreams 4th Apr 19, 1:37 PM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    in Money news we've spent a blinking fortune
    However, DD1 has paid me back in full and the CC

    I am sitting on my £1k EF for now... and £330 in the current account and enough money in the bills account to cover the month. I've used the last of the holiday cash to buy food/household stuff in Aldi for £70.

    there are still 3 cc's on 0%
    M&S 1489
    hsbc 4850
    Hfax 6500
    NW + £79 ( I don't know how I've managed that, I'll mange that spend after the statement on the 7th.)

    our mortgage is currently at 112250.00
    Our remortgage is due July 31st, and it seems I've missed all of the ones with no OP limits. I want to wait another month or 2 before applying to pay more off cc's. The Hfax one is the biggy as it starts to gain interest in part end of May. I'm hoping with 2 (or 3 ) payments I can get that to £4k. As I'm paying £1k a month minimum I'm not sure whether to risk the interest rather than a BT fee.

    I've gained 5lbs since before holiday from the stone I'd lost, 3lbs before hols and a further 2lbs.... So no alcohol from yesterday (phew) I want to do a month. Celery soup for lunch, Gym session , and light tea.

    back to work tomorrow on nights

    We have no more holidays planned until my 50th next March when I want to go to Dubai to see my sister. 6 months debt busting, then more house renovations (If I can wait that long )
    Last edited by Moneyfordreams; 04-04-2019 at 1:55 PM.
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • greent
    • By greent 5th Apr 19, 8:37 AM
    • 8,033 Posts
    • 81,477 Thanks
    greent
    Yeay to DD repaying you! : - is that including her car? And did the friend repay you last month, too?

    What about a new 0% purchases CC? - put everything on there which you'd normally pay from current ac and throw all that money on the Hfx card to reduce it as well as your normal large pymts to it? Ok - the end result of what you owe might not be exactly different, but there would be less interest/ Bal tfr fee? And you might even find one with introductory cashback via tcb (no idea if there are any such deals around atm, though)
    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 12/18 £54829 2019 OPs (#18) £1603.41/£5K
    Net sales 2019 £155.17/£500
    • Moneyfordreams
    • By Moneyfordreams 5th Apr 19, 8:43 AM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    Joined WW online today. free 1st month then 9.95 pcm for 8 months. Hopefully the change in plan will keep me interested rather than giving up completely. So food will play a big part today as to what to plan for the next few days

    One of our cruise destinations was cancelled due to bad weather. After a conversation on board we were told by a gloating couple ( is that mean? ) they would getting £300 back between them (they also paid half what we did as they booked theirs only a month before). Anyhow, we are entitled to £200 back for cruise cover missed port I am waiting for a call back after online chat.

    Will gym it today. Work tonight and the rest of the weekend. I tried to have a lie in but early bin men and bin cleaners were noisy.
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • Moneyfordreams
    • By Moneyfordreams 5th Apr 19, 9:00 AM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    cross posted Greent.
    Yes friend paid me back too... downside now is only salary due

    My credit score is 860 which is low for me, they say affordability is poor. I'm wary of going further in case of rejection which would then scupper the mortgage deal. I was hoping NW the one with positive balance would offer me a 0% without the credit check. £2k of the hfax has 7 months left. so £2.5k off by end may would leave £2k on interest paying.

    I get what you're saying about the throwing all the money at it. I did something similar for DD1 to increase her deposit for her house. I'll give it a couple of weeks and I'll reduce EF to £500 or so. My own LT savings ISA I've only just managed to get to £1200. That would make a great difference, however I wonder by the time I've faffed about with letters for withdrawal and recommencing I've only delayed things a month.

    I wonder if I should secure a mortgage sooner but the date would still be the same 31st July ?
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • Moneyfordreams
    • By Moneyfordreams 6th Apr 19, 3:12 PM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    No shopping since Thursday's big shop
    WW going well ( day 2 )

    Paid £500 off the big cc , I was going to wait until the last week of the month, however I filled in a form for L&C to suss out mortgages... now we all on here probably do not need a broker, but I was hoping for a lower rate than the 1.99 - 2.44 that seem to be about for 5 year deals.... maybe not but a very lovely young man phoned me back 5 mins later. He seems very knowledgeable, advised me to pay off Hfax and let M&S and HSBC run on 0% not consolidate , he also says I can up mortgage by £10k to finish off house . I'm clearly too impatient to wait. I need to email him my last 3 months payslips ( all have fabulous OT on them ) and he will phone me on Monday afternoon. My new mortgage will not start until 1st August but that will soon be here.

    So we will see.
    and all done from the sofa
    OH has washed the car
    OH making dinner
    The sun is shinning
    I have work in 3 hours
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • brizzlegirl
    • By brizzlegirl 9th Apr 19, 2:46 PM
    • 660 Posts
    • 4,459 Thanks
    brizzlegirl
    Hi MfD - thanks for dropping by.

    Sounding brilliant MfD. Glad OH had a good birthday and hols. Rather jealous of your cruise

    Peeing down with rain here so good job didn't take any time off...just having a 10 minute break as my head hurts :/

    Have a good week x
    MFW..aiming to pay it off in 2022.. 2019 Savings Rate - Goal 40% [ 31% Feb 54% March ] 2019 Income Goal £71/£750 April Goals: AFDs 19/25 Decluttering 14/60; LSDs 2/10; NSDs x/10 Exercise in April RT 30k 4/15 12k steps per day pls Aiming to be a true Frugalista!
    • Tahlullah
    • By Tahlullah 11th Apr 19, 10:39 PM
    • 950 Posts
    • 5,039 Thanks
    Tahlullah
    Cheering you on!!

    Tx
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    15 February 2019 - Mortgage debt - £78,400
    23 April 2019 - Mortgage debt - £85,000
    • Moneyfordreams
    • By Moneyfordreams 12th Apr 19, 9:52 AM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    I meant to post earlier in the week but was side tracked and never entered it

    HSBC didn't even look beyond my name and said no historical they said... they looked at my cc and it must have a big fed flag... although I get regular 0% £7.5k BT from them. I think it must be residual from the husband troubles when we had a joint account. more than 6 years ago but I made complaint which was upheld and I was issued an apology. Strange their sister bank (my current account) said yes 2 years ago i just didn't bother at the time as I did want to pay for solicitor to say OH had no claim on house.

    Barclays on the other hand, said yes right away issued a AIP and sent surveyor yesterday !! We are just waiting the repport and the formal offer. Its a 2.09% interest rate for 5 years, with £300 cash back. The broker said if we repay the cash back its the same cost over 5 years as a 1.99%. But we all know the plan is to op more than that . There is still 10% OP limits, but we can deal with that. I have also asked to reduce term by 2 years to finish when I'm 60. ( stll planning 55 ) I have promised to pay off the hfax cc though before then, so a bit of a stretch. good news that 1st August I will be able to get drains and bathroom completed.

    I may dip into savings to get patio sorted. We have to double the raised patio that we have so need foundations and skilled person to do. and front of house needs repair . Need a quote or 2 first.

    Today I have lots of printing and posting. Going to walk GD to the shops, get her a magazine and then a trip to the library to print off endless forms for mortgage and also holiday claim for missed port ( £200)

    I've not spent any money since last week. As usual I've brought all my food and drink from home to work. Im childcare today. off tomorrow so gym, then back to work Sunday and OT Monday. back to reallife with a bang
    Last edited by Moneyfordreams; 12-04-2019 at 9:59 AM.
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • jodles16
    • By jodles16 16th Apr 19, 10:20 AM
    • 1,433 Posts
    • 4,325 Thanks
    jodles16
    Hey MFD, great news on Barclays not being rude! Hopefully that will all go through with no issues and that will be better all round!

    Glad holiday went well, shame about missing a stop but good news you can get money back!

    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 23rd Apr 19, 4:07 PM
    • 1,257 Posts
    • 6,152 Thanks
    Moneyfordreams
    All previous plans have been tossed out of the window

    Well I hope its a I have BT'd the £6k 0% for 18 months. added to the already had £4850 0% 14 months and £1439 0% for 24 months things look a little more stable. DH wants me to go slow at paying these back to give us a renovation budget. I did give him both choices fast or slow and he picked slow for now and speed up next year. Even slowly I would still most likely be paying £400-£450 pcm off the debt, whereas being sensible would cost £800 (I have been paying £1200).

    Mortgage news I am staying with my current provider. I would be saving £20 pcm on a 2 year fix or £35 on a 5 year fix to change however Barclays wanted me to get a new structural survey. The cost of that outweighs any benefit from moving hence keeping status quo. Our structural engineer told us all we needed to do was the drains and the house would be fine So decision now is 2 or 5 years. I'm thinking of 2. But uncertain about Brexit therefore 5 ??

    Another OT shift tomorrow, only an 8 hour shift. As usual I'm sorry I put my name down, The boss asked me to do extras on a couple of other shifts therefore not really required to balance my books. May salary likely to be fabulous.

    Young exlodger arranging for a brick layer to have a chat about rising our patio. Opening the bifolds is lovely in the nice weather, but step is deep and the one metre depth is not quite enough. Hoping to add a metre and a half (don't think OH will allow me to take it to 2m. )

    I been to the gym after a couple of weeks off. I am switching from healthy to eating far to many snacks week by week ..
    Last edited by Moneyfordreams; 23-04-2019 at 4:09 PM.
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
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