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    • kittykatneedscash
    • By kittykatneedscash 8th Aug 16, 7:20 PM
    • 55Posts
    • 137Thanks
    Don't call it a dream.... Call it a plan
    • #1
    • 8th Aug 16, 7:20 PM
    Don't call it a dream.... Call it a plan 8th Aug 16 at 7:20 PM
    I'm trying to get my finances in order as I suppose I've been sticking my head in the sand and living for the moment too much.

    Myself and my now ex partner bought my grandmothers house 3 years ago when she died. She had lived here 65 years and the property needed a lot of refurbishment no central heating, full replaster, new kitchen, bathroom etc. This wasn't ever really the plan to do this but I felt like her house should stay in the family and hated the thought of it going to a developer. We basically borrowed money off family for the deposit and the start of the renovation funds and have since extended the mortgage. We had no savings what so ever but saw it as a bit of an adventure and our chance to get on the property ladder.

    As I said before I bought this with my now ex, I have managed eventually to get the mortgage in my own name. It isn't massive but neither is my salary and going from paying less than half of everything to paying everything on my own I've struggled. So I've decided to get my head out of the sand and sort my sh*t out!

    The house still needs some work but more cosmetic now most of the big jobs are out of the way and its definitely liveable.

    I've started this diary to hopefully help myself keep on track, any tips and advice will be gratefully received and maybe this may be of use to someone else one day. I want to try and cut down what I spend, make extra cash, pay off debts and start to put some savings behind me as I don't have anything and I don't pay into a pension I'm 33! ( suppose it's something I've always thought I'll sort when I grow up) after my finances are in better order I will look at making over payments on my mortgage as I want to do what I can to reduce the term.
Page 3
    • UncannyScot
    • By UncannyScot 21st Sep 17, 9:38 AM
    • 1,417 Posts
    • 7,943 Thanks
    Just caught up with your diary
    You're doing well
    Congrats on getting off the fags too, I know someone who kicked the habit and saved enough to buy a brand spanking new Ducati motorbike... cash!
    Have subscribed to your diary and look forward to following your progress
    All the bestest
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • kittykatneedscash
    • By kittykatneedscash 27th Sep 17, 12:33 PM
    • 55 Posts
    • 137 Thanks
    Thanks for visiting UncannyScot I am pretty chuffed with myself on the non smoking front!

    Things are going ok had a spendy weekend last weekend but planned, I took my new BF out for lunch last Saturday to a very nice restaurant in North Yorkshire my treat and itís 6 months since he first took me out. He generally pays when we go out anywhere so every now and again I try and treat him when I can. I also bought a present and card for a BFís niece who was going away to uni. Then stayed in so far this week, no plans tonight and pay day today ( I get paid weekly) so when it hits my account Iíll be doing my weekly money shuffle.

    Totals so far
    Emergency fund £2000/ £2000 100%
    Saved towards parents loan £3315.17/£6000 55%
    House renovations fund £695.69/£1500 46%

    Saving towards the loan from my parents is still on track I put away £165/month will be repaid March 2019 at this rate hopefully as soon as I can finish the house I can speed this up and improve on this date. Iím not sure how much I will need to finish my house but Iíve chosen to save a figure of £1500 to make a dint in the work, it's so demotivating being so stop/start due to funds so the aim is save a bit then see how far I get. This has gone down a little as I had to use some not sure what for but will transfer more across at the end of the month when I know how much I have left.

    Iím not sure if Iím doing the right thing I am trying to save a bit for both my parents and to do up the house rather than focusing on one at once. Do I just focus on one for the moment or keep working towards both goals at once? Itíll be Christmas before we know it too so need to start thinking about putting some money aside for that.

    Iíve sold something for £15 on a fb selling site so hopefully someone should be coming to collect this evening so a bit of extra cash in my purse which will keep my a bit longer before having to take any money out. Not sure what plans I have this weekend might be getting the train over to Manchester to be my bestie now sheís back from honeymoon so will have to keep some spends aside for that if I do.

    Off to catch up with some diaries now it I find it really motivates me reading other peopleís achievements and tips etc
    • kittykatneedscash
    • By kittykatneedscash 28th Sep 17, 9:33 AM
    • 55 Posts
    • 137 Thanks
    Went bowling last night but didn't spend anything as the BF treated me. £1.90 on the train and £2.16 in Lidl was the total of yesterdays spends. Item sold on FB selling site collected yesterday so an extra £15 cash in my purse. I have £26.40 in my purse which I'm going to try and last me as long as possible before touching my bank account. Money does last longer in my purse now I've stopped smoking. Once I have allocated all my weekly wage to relevant pots I have my 'spending' money left this is to cover quite a lot food, travel, entertainment, clothes, toiletries and any other spends. When I smoked there was never anything left and sometimes dipped into my overdraft by a few pounds until next week. My aim now everyweek where I can is to have something left over that I can sweep over to one of my savings / debt repayment pots. Will update with how I get on
    • kittykatneedscash
    • By kittykatneedscash 16th Nov 17, 2:19 PM
    • 55 Posts
    • 137 Thanks
    Wow so much has happened since my last post 7 weeks ago Ė where to start!

    I last posted at the end of September and a few of days later a friend who I met earlier in the year through Meetup sent a group message to a few people putting the feelers out to see if we knew of anyone looking for a flatmate or wanting to buddy up with someone to rent a two bedroom place sheís seen. This got the cogs turning about possibly renting a room out. My house wasnít finished and still needed quite a bit of work, but thought it could be a way to get the house finished knowing Iíd be getting extra income for renting the room out. A couple of days later my friend G came to look around and liked the house. I explained what needed to be done and she was happy to work to that time scale as she was currently back with her mum but ideally wanted to be moving by the end of November. The decision was made and all systems go as the quicker I could get everything done the quicker I would start paying it off. We have agreed £350/ month for rent and bills on a trial to make sure everything works for us both. I applied for a 0% purchase credit card and got accepted for £4500 0% on purchases for 30 months which was more than enough. With £21 cashback! Bonus!

    Works been done in the last 6 weeks

    All wallpaper removed from hall stairs and landing Ė by quite a grumpy decorator £60 needless to say he didnít get the follow on decorating work
    New loft hatch and ladders bought £98
    Plasterer to plaster over old air brick gaps above bedroom doors and he also widened my loft hatch, put the new hatch and ladders I bought it- £190
    Joiner- Make and install two new gates the front gate was becoming more hole than gate as a bit fell off every day and I havenít had a back gate ever just an old pallet wedged there that blew into the rode behind every time there were strong winds. The also changed the 4 door hinges upstairs, fitted handles and catches that Iíd bought. Shortened one door and build out the frame that wouldnít close since the skirting board was too far out. Put up my old hand rails with new brackets and sorted out a little bit of skirting board in one of the bedrooms. Make safe the landing banister as the nuel post was wobbly and one of the spindles was broken part way down. £650
    New decorator that my bf knows who works full time for the council but was happy to do most of the work on an evening and book a couple of days off to do the rest. He had lots of prep work making the old plaster sound as lots was falling away lots and lots of filling and sanding. Lots of prep on the woodwork hand rail, 4 old doors, banister, original wooden built in storage at the top of stairs, stairs, skirtings doorframes. Painting all stairs landing and celling. £450 which was a bargain I think as he literally did hours and hours and did a great job.
    Major clean up the house was filthy!!!
    Carpets orders for 3 bedrooms, landing and stairs. £1350 100% wool lovely carpets haggled a bit and got £50 off first price not much but all helps.
    Once the carpets were ordered I decided I wanted to go some painting touching up in the 3 bedrooms, some of the walls were looking tired where trades people had mucky marks, knots snowing through on woodwork. I spent most evenings last week and some of the week before clearing each room to be able to re paint all the woodwork and a couple of walls that looked grubby. Lots of removals from room to room. Iím knackered!
    Monday night was another big removal the empty 2 bedroom that were then carpeted Tuesday. Tuesday night everything back into those rooms and my room emptied so they could carpet my bedroom and the lading and the stairs yesterday. All the carpets were fitted while I was at work, my mum came round both days and stayed while the carpet fitters were there. I got home last night and could of cried it looks amazing (smells very sheepy still) Iím so so happy. Shattered and my house is upside down I donít have a clue where anything is, when I last did any washing or sorted my kitchen but itís DONE!!!!
    Last day at work today tomorrow I have a white metal bedframe being delivered £98 reduced from £167 and a chest of drawers £138. Iíve also ordered a mattress that should be coming tomorrow £219 reduced from £399 with £14.55 cashback. Need to get these build this weekend and everything in put away, make space in the freezer, bathroom cabinet etc and look for some storage for the bathroom then Iím all set for G to move in which is likely to be next weekend.

    Quite a long post but a lot has happened I never dreamt Iíd have all this work done ready for Christmas and have a house with carpets I was so excited when I woke up this morning and remembered I had them sad I know.

    Iíd managed to get my savings to £1066.99 to pay towards this.
    The credit card balance will be £2258.606 once Iíve paid the final payment on the carpets.
    I owe myself (EF) £377.90 which I had to borrow as trades people I couldnít pay with the credit card but bank transfer. This will be repaid first then start repaying the credit card balance.
    A couple of things went on the credit card that werenít for the house a meal out, petrol which was only as I wanted to try and keep as much cash available as possible to pay the trades. I also bought myself a fitbit HR2 £119.99 which is a present to myself for not smoking Iíve done over 4 months now and my app says £1027.63 saved / not wasted on smoking so I figured Iíd treat myself to something thatís good for my health instead of bad.
    • enthusiasticsaver
    • By enthusiasticsaver 16th Nov 17, 2:31 PM
    • 6,392 Posts
    • 13,119 Thanks
    Wow, what a result. You have a refurbished house, extra income from next month to go towards paying off what is quite a frugal way of renovating the house. Impressed at your emergency fund too. Great way of debt busting and hope you enjoy your thoroughly deserved fitbit. Well done on quitting smoking too.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to
    • kittykatneedscash
    • By kittykatneedscash 16th Nov 17, 2:45 PM
    • 55 Posts
    • 137 Thanks
    Thanks EnthusiasticSaver it means a lot I do feel quite proud of myself.

    The £350 / month rent I am going to put £50/ month aside towards any bill increases. The other £300 a month will go towards repaying the EF and CC (or saving to pay off the CC when the 0% ends) that should be 9 months maximum I would hope to have this paid off quicker though as any monthly saving I would be putting away towards my renovation pot can go towards paying this off now.

    November and December are quite expensive month with both my niece and nephews birthdays and Christmas but I might allow myself a little extra though. I want to look at booking a night or two away maybe a spa for January so I need to look into that.
    • kittykatneedscash
    • By kittykatneedscash 30th Nov 17, 3:42 PM
    • 55 Posts
    • 137 Thanks
    So my lodger moves in tomorrow! Iím quite excited and a little apprehensive itíll be strange sharing my house with someone but exciting at the same time. Sheís set up the standing order so £350 should hit my account in the morning and then sheís moving in after work tomorrow evening. Sheís already moved most of her stuff in but will be sleeping there as of tomorrow. Weíre going to mark her first night with a takeaway and a few drinks which will be nice. During the day tomorrow Iím off to Manchester on the train to try and make a good start on Christmas shopping and meeting a friend for lunch. Hopefully pop to the Christmas market for a little mulled wine too.

    Totals so far
    Emergency fund £1622.1/ £2000 (377.90 to repay which I borrowed from myself although not an emergency)
    Saved towards parents loan £3645.17/£6000 60%
    Halifax 0% card £2435.76 I put some tickets on here as well and I might put some course fees on but itís interest free for 30 months.

    Need to sit down at look at my goals for 2018 financial, personal, career etc

    Iím very proud of how far Iíve come at this point last year I was probably at the lowest in my life and I feel Iíve really achieved a lot and turned things around this year
    • Cumbria lass
    • By Cumbria lass 30th Nov 17, 4:03 PM
    • 1,791 Posts
    • 10,807 Thanks
    Cumbria lass
    You have done a brilliant job, getting the house finished , been very savvy with your money and making more income.

    Hope you enjoy manchester tomorrow, hope it's warmer than today .
    CC1 £3655 April 2018.
    • kittykatneedscash
    • By kittykatneedscash 24th Apr 18, 12:04 PM
    • 55 Posts
    • 137 Thanks
    Well first post of 2018 I must say I am much better at reading peoples diaries that updating my own. Things are generally going well. Still not smoking over 9 months now so thatís helping with the debt repayments. Things still going well with my lodger Iím allocating all her rent towards credit card repayments I donít want to spend any of it and get used to having the extra money. We havenít agreed any time scale for how long she will be living with me as its quite a casual arrangement sheís been with me 5 months now and Iím hoping that things will continue the way they are till at least the end of the year.

    Money saving progress made recently - Natwest switch incentive paid £125 applied for first direct account to hopefully switch again before the incentive ends. I also plan to open a regular saver with first direct as my nationwide 5% current account offer has expired now. Iíve run up to cancel sky I was on a really good deal with them last year just over £20 for phone, broadband and basic tv package but it has recently gone up to the full price so hoping they might offer me a better deal before it cancels on May 4th. I am still keeping up with my spending diary which I am finding useful. I now have a spreadsheet with total income and outgoings for Jan, Feb and March. Iíve been building up my surveys and TCB and earlier this month cashed out £47.20 in surveys and £88.05 which is all allocated towards debt.

    Savings towards debts
    Emergency fund £2000 100%
    Towards parents loan £4615/ £6000 76.9%
    Credit Card £ 2132.17/ £4141.13 51.4%
    Overdraft £0 / £1250 0%
    Total debt £4643.96
    Debt minus savings £2643.96

    The above amounts I have in savings and how Iíve wrote it out is how I think about it. I know I could pay off the overdraft straight away with my emergency fund but my aim is to repay all the debt and have an emergency fund all my debt is interest free at the moment.
    I am aiming for the following debt free dates provided circumstances stay the same.
    Debt Neutral date Ė end October 2018 (stretch goal end September 2018)
    Debt Free + 2K EF- end January 2019 (stretch goal end December 2018)

    Iíve been through every month until the end of the year and worked out the maximum I can allocate towards debt my stretch goals are based on this. These are very optimistic but I have been paying back the debt quite aggressively while I can I feel like its never going to end but also the end is in sight at the same time. January 2019 seems so far away
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