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  • FIRST POST
    • lilian1977
    • By lilian1977 10th Aug 16, 1:20 PM
    • 4,656Posts
    • 18,375Thanks
    lilian1977
    One Year Plan and Ten Year Plan
    • #1
    • 10th Aug 16, 1:20 PM
    One Year Plan and Ten Year Plan 10th Aug 16 at 1:20 PM
    Hi all

    I have an existing diary but have decided on a new challenge for myself so I am posting a new thread, I hope you'll all cheer me on

    I turned 39 last week and currently have 4348.43 of unsecured debt (on two credit cards) and a mortgage of around 48,000 that I share with my DH. I will also need to add 1000ish to my debt in December when I have to buy my annual train pass.

    So, I have decided to set myself two targets. I would like to be unsecured-debt free by the time I am 40 and have our mortgage paid off by the time my DH is 50 (in 10 years time).

    Here's how I plan to do it. We currently overpay our mortgage by 110 a month - I would like to up this but will need to do it gradually so it's not a big difference to our monthly available money. I am waiting to see what new mortgage deals come out now that the base rate has fallen, then will decide whether it is worth paying the ERC and any new fee to move to a lower rate on a 10 year fix (with the intention that the mortgage will be clear at the end of this). As for my personal debt, I am currently Music Magpieing all the CDs I can as well as Ebaying clutter from around the house. I am also not using my credit cards at all and have cut the food budget drastically by insisting on shopping from our stores first. I am no stranger to moneysaving, but now need to step it up even more.

    So, I plan to post here as and when I've made some progress and it would be nice to have some followers

    Thanks for reading xx


    My debt free diary
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Page 1
    • Dolly Rocker
    • By Dolly Rocker 10th Aug 16, 1:40 PM
    • 4,677 Posts
    • 13,837 Thanks
    Dolly Rocker
    • #2
    • 10th Aug 16, 1:40 PM
    • #2
    • 10th Aug 16, 1:40 PM
    Hey lilian,

    Cute baby ;-)

    I love the sound of your plans & the fact that you will be sticking around the boards for that duration of time.

    I am with you my sweet!

    We are currently paying of debt & once that is gone we will start saving for a mortgage but I plan to be posting on these boards until I am mortgage free so do you want me to be your new DFW pal?

    Dxxx
    DF 2018 12,754.09 - PIF 30.11.18
    My Home Fund 1,600.00
    Goal Weight 2019 37lbs/91lbs
    28.05.19 - 4 Nationwide Referrals left, PM me for 100 to switch accounts, 1 link available straight away
    • natsplatnat
    • By natsplatnat 10th Aug 16, 1:42 PM
    • 2,964 Posts
    • 2,733 Thanks
    natsplatnat
    • #3
    • 10th Aug 16, 1:42 PM
    • #3
    • 10th Aug 16, 1:42 PM
    Hi lilian,


    Would it not be worth diverting some if not all of the 110 from overpaying your mortgage to paying of your unsecured debt? If your debt is at 0% then probably not, but just a thought!


    All the best - you seem really focused! Nat x
    LBM ,- Wed 19th Nov 2008 21,225 PAID OFF
    *DEBT FREE 28th September 2015*


    • Dolly Rocker
    • By Dolly Rocker 10th Aug 16, 1:46 PM
    • 4,677 Posts
    • 13,837 Thanks
    Dolly Rocker
    • #4
    • 10th Aug 16, 1:46 PM
    • #4
    • 10th Aug 16, 1:46 PM
    Second what natsplatnat says!

    I totally forgot about the DFW advice haha.

    Dxxx
    DF 2018 12,754.09 - PIF 30.11.18
    My Home Fund 1,600.00
    Goal Weight 2019 37lbs/91lbs
    28.05.19 - 4 Nationwide Referrals left, PM me for 100 to switch accounts, 1 link available straight away
    • lilian1977
    • By lilian1977 10th Aug 16, 2:25 PM
    • 4,656 Posts
    • 18,375 Thanks
    lilian1977
    • #5
    • 10th Aug 16, 2:25 PM
    • #5
    • 10th Aug 16, 2:25 PM
    Hi both

    Yeah the debt is on two 0% cards so no, it's better off going to the mortgage Thanks for the advice though!

    I'm cross with myself as have been a member on the boards for 8 years and have been DF twice in that time - but hey, we live and apparently don't learn. This is the last time I will be in debt though, third time's a charm as they say!


    My debt free diary
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    • Dolly Rocker
    • By Dolly Rocker 10th Aug 16, 2:42 PM
    • 4,677 Posts
    • 13,837 Thanks
    Dolly Rocker
    • #6
    • 10th Aug 16, 2:42 PM
    • #6
    • 10th Aug 16, 2:42 PM
    That's good both the cards are on 0%.

    I have also been DF before so yeah I am also mad with myself.

    Last time though for both of us.

    Dxxx
    DF 2018 12,754.09 - PIF 30.11.18
    My Home Fund 1,600.00
    Goal Weight 2019 37lbs/91lbs
    28.05.19 - 4 Nationwide Referrals left, PM me for 100 to switch accounts, 1 link available straight away
    • lilian1977
    • By lilian1977 10th Aug 16, 3:06 PM
    • 4,656 Posts
    • 18,375 Thanks
    lilian1977
    • #7
    • 10th Aug 16, 3:06 PM
    • #7
    • 10th Aug 16, 3:06 PM
    Indeed! Well I'm happy to have you as a friend on here

    I'm at that frustrating stage of having Music Magpied everything that made it through the first round, so I need to go back through and be a bit more ruthless I think. Also I need to go through my DVDs again.

    I am dropping something off that I've sold locally tomorrow, and have someone else coming to collect something, then am picking up some new-to-us shoes for DS for 2 - so will be in credit by 7; however money that is made locally goes onto our Tesco savings stamps card for Christmas. I also found out from Martin's email that I have 10.20 on an Oyster card that I have now had refunded - once that comes into my account it will pay off the Christmas presents I bought today from Quality Save

    I'm actually doing really well for Christmas already, I need to make a list of what I have and split it into two for DS Xmas and DS birthday (3 weeks later) so that I don't over buy. Today I got a small Millenium Falcon (from Star Wars), a Moshi Monsters Top Trumps set, another small Moshi Monsters toy and a few present stash things from Quality Save.


    My debt free diary
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    • Dolly Rocker
    • By Dolly Rocker 10th Aug 16, 4:31 PM
    • 4,677 Posts
    • 13,837 Thanks
    Dolly Rocker
    • #8
    • 10th Aug 16, 4:31 PM
    • #8
    • 10th Aug 16, 4:31 PM
    Good stuff, what is Quality Save? Is that like a bargain shop?? We have Home Bargains, B&M & Wilko's which are quite good.

    I love a wee wander round & you do get some great things especially for the kids.

    I don't have any kids of my own but have my nieces & nephews to buy for.

    I am a little organised for Christmas this year too, have quite a bit still to buy in but will get there in the end.

    I sold some stuff on ebay already & probably could make quite a bit on music magpie but I love my DVD's so don't think I could part with them.

    Dxxx
    DF 2018 12,754.09 - PIF 30.11.18
    My Home Fund 1,600.00
    Goal Weight 2019 37lbs/91lbs
    28.05.19 - 4 Nationwide Referrals left, PM me for 100 to switch accounts, 1 link available straight away
    • lilian1977
    • By lilian1977 11th Aug 16, 8:02 AM
    • 4,656 Posts
    • 18,375 Thanks
    lilian1977
    • #9
    • 11th Aug 16, 8:02 AM
    • #9
    • 11th Aug 16, 8:02 AM
    Hi

    Yes Quality Save is very similar to Home Bargains, in fact I think it might be the same company.

    Debt free progress today:

    Found 19p in Waitrose
    Returned a bra set that didn't fit to Primark so that's 6 going back onto my credit card
    Got a box of muesli from someone at work as they didn't want it
    Agreed with DH that from this month we will up the mortgage overpayment by another 10 a month - 5 each a month every few months isn't noticeable.

    I have also brought my breakfast and lunch in (my lunch is a tin of soup that is 4 years out of date that I found in the cupboards at work, haha!) and tea is from the cupboards at home.

    I'm also thinking about cancelling my gym membership but I'm not sure - I use it a few times a week but have started only really using the treadmill - I can run on the streets for free. However going into the winter months I am less likely to do this. I am able to go on my lunchbreak from work and it stops me going to the shops, but it's 30 a month and I think that could be better spent paying down my debts. Does anyone have any thoughts or words of wisdom for me on this?

    Have good days all xx


    Edit: I have just had a quick Google and found another gym close to my work that is 5 a month cheaper, so I am going to cancel my membership at my current gym now (it won't end until 30th September anyway) and then join up with this other gym if I decide I want to keep going.
    Last edited by lilian1977; 11-08-2016 at 8:11 AM.


    My debt free diary
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    • monz
    • By monz 11th Aug 16, 9:13 AM
    • 3,607 Posts
    • 12,430 Thanks
    monz
    Pop by to say hi and follow x
    Debt (1/9/14) 6,702.11 Debt free (30/11/2016) mum and dad 4,000/4,000
    car PCP - 2,389.86/11,848.25 mortgage - 80,480 o/s currently - paid 5,115.52 (150.98 overpayment)
    Emergency Fund - 500
    • lilian1977
    • By lilian1977 11th Aug 16, 9:30 AM
    • 4,656 Posts
    • 18,375 Thanks
    lilian1977
    Thanks monz


    My debt free diary
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    • Dolly Rocker
    • By Dolly Rocker 11th Aug 16, 9:40 AM
    • 4,677 Posts
    • 13,837 Thanks
    Dolly Rocker
    Hi

    Yes Quality Save is very similar to Home Bargains, in fact I think it might be the same company.

    Debt free progress today:

    Found 19p in Waitrose
    Returned a bra set that didn't fit to Primark so that's 6 going back onto my credit card
    Got a box of muesli from someone at work as they didn't want it
    Agreed with DH that from this month we will up the mortgage overpayment by another 10 a month - 5 each a month every few months isn't noticeable.

    I have also brought my breakfast and lunch in (my lunch is a tin of soup that is 4 years out of date that I found in the cupboards at work, haha!) and tea is from the cupboards at home.

    I'm also thinking about cancelling my gym membership but I'm not sure - I use it a few times a week but have started only really using the treadmill - I can run on the streets for free. However going into the winter months I am less likely to do this. I am able to go on my lunchbreak from work and it stops me going to the shops, but it's 30 a month and I think that could be better spent paying down my debts. Does anyone have any thoughts or words of wisdom for me on this?

    Have good days all xx


    Edit: I have just had a quick Google and found another gym close to my work that is 5 a month cheaper, so I am going to cancel my membership at my current gym now (it won't end until 30th September anyway) and then join up with this other gym if I decide I want to keep going.
    Originally posted by lilian1977
    Every penny helps to that 0.19p is better in your purse than lying on the ground.

    I'm waiting on a refund for something too Good for you getting a wee freebie & muesli is expensive.

    Do you not have pure gym or the gym near you, they are all over Glasgow & have memberships for like 10.00 or 15.00 maybe look into that.

    Dxxx
    DF 2018 12,754.09 - PIF 30.11.18
    My Home Fund 1,600.00
    Goal Weight 2019 37lbs/91lbs
    28.05.19 - 4 Nationwide Referrals left, PM me for 100 to switch accounts, 1 link available straight away
    • lilian1977
    • By lilian1977 11th Aug 16, 9:56 AM
    • 4,656 Posts
    • 18,375 Thanks
    lilian1977

    Do you not have pure gym or the gym near you, they are all over Glasgow & have memberships for like 10.00 or 15.00 maybe look into that.

    Dxxx
    Originally posted by Dolly Rocker
    We do but it's about a ten minute walk from my work, meaning I wouldn't have time to walk there, get changed, go on the treadmill for 30 mins, shower, dress and walk back in my lunchbreak.

    I have however been in touch with the one that's 5 a month cheaper and asked if they can waive the joining fee - they can't, but they can put me on a Corporate membership which is 16.99 a month, if I commit to 12 months. I figure that's a great deal as it's just across the road and has everything I need, so I am going to have a look around at lunchtime. He also said he can hold my membership so I don't pay my first installment until October.


    My debt free diary
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    • Dolly Rocker
    • By Dolly Rocker 11th Aug 16, 10:41 AM
    • 4,677 Posts
    • 13,837 Thanks
    Dolly Rocker
    That sounds ideal then.

    Yay for you!

    Dxxx
    DF 2018 12,754.09 - PIF 30.11.18
    My Home Fund 1,600.00
    Goal Weight 2019 37lbs/91lbs
    28.05.19 - 4 Nationwide Referrals left, PM me for 100 to switch accounts, 1 link available straight away
    • lilian1977
    • By lilian1977 11th Aug 16, 10:55 AM
    • 4,656 Posts
    • 18,375 Thanks
    lilian1977
    Just completed a Pinecone Research survey for 3, should have that money through in around a week.

    Mystery Dining reimbursement of 20 due tomorrow.

    Music Magpie payment of around 30 due tomorrow.


    However, I am out of spending/food money for the month (due to an accidental double payment onto my credit card!) and I don't get paid until 23rd August so I may well keep the 30 and pay down the rest.


    My debt free diary
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    • Dolly Rocker
    • By Dolly Rocker 11th Aug 16, 12:59 PM
    • 4,677 Posts
    • 13,837 Thanks
    Dolly Rocker
    I'm registered with pinecone aswell but I cannot get access to my account, keeps saying it is locked.

    Emailed a couple of times & still no luck.

    Surveys are still coming through & it allows me to complete them but not log in to check how many points or to redeem which is very annoying!

    How did you get into the Mystery Dining?

    Dxxx
    DF 2018 12,754.09 - PIF 30.11.18
    My Home Fund 1,600.00
    Goal Weight 2019 37lbs/91lbs
    28.05.19 - 4 Nationwide Referrals left, PM me for 100 to switch accounts, 1 link available straight away
    • lilian1977
    • By lilian1977 11th Aug 16, 1:05 PM
    • 4,656 Posts
    • 18,375 Thanks
    lilian1977
    I joined up years ago, they never seem to have any spaces now especially in big towns but check mysterydining.net

    x


    My debt free diary
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    • Dolly Rocker
    • By Dolly Rocker 11th Aug 16, 1:51 PM
    • 4,677 Posts
    • 13,837 Thanks
    Dolly Rocker
    Thanks Lilian.

    Dxxx
    DF 2018 12,754.09 - PIF 30.11.18
    My Home Fund 1,600.00
    Goal Weight 2019 37lbs/91lbs
    28.05.19 - 4 Nationwide Referrals left, PM me for 100 to switch accounts, 1 link available straight away
    • lilian1977
    • By lilian1977 22nd Aug 16, 2:44 PM
    • 4,656 Posts
    • 18,375 Thanks
    lilian1977
    Hi all

    I haven't posted for a while due to school holidays but am back with a vengeance now.

    My husband had a good idea yesterday - my regular saver matured a week or so ago with 750 in, I was going to pay a chunk off the credit card but he suggested adding to it until end of December until I have enough to pay for my train pass - this is brilliant as it means I don't have to add more debt to my card. It does unfortunately wipe out my savings but as it wasn't a life changing amount I think it's worth doing.

    So I am on a fiscal fast this week - no spending aside from picking up our Euros, we are off to Spain on Sunday and shouldn't need much as we're all inclusive but DH wants to go on a boat trip while we're there and DS wants to go on the land train. So I'm hoping to not spend a great deal on groceries as we need to eat up everything that's in the fridge before we go!

    Hope all ok with you guys x


    My debt free diary
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    • Kitten868
    • By Kitten868 22nd Aug 16, 7:51 PM
    • 1,226 Posts
    • 3,228 Thanks
    Kitten868
    Hello!
    Have you tried ziffit and we buy books? They are like music magpie but fairer and better prices. Plus you can usually get a 10% extra code. Be ruthless! You can listen to anything for free. Plus they take books and computer games.
    Also have considered moving your banking to halifax? 5 a month for free to pay to mortgage. Plus 100 upfront!
    I think you have inspired me for a new challenge. Good luck xx
    Loan 1 4600/8000
    Loan 2 2600/5800
    Total 7200/13800 52% PAID

    And CC 1100/1900
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