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  • FIRST POST
    • Needhelpsaving
    • By Needhelpsaving 14th Nov 16, 5:58 PM
    • 701Posts
    • 2,847Thanks
    Needhelpsaving
    Getting back on the MFW Wagon
    • #1
    • 14th Nov 16, 5:58 PM
    Getting back on the MFW Wagon 14th Nov 16 at 5:58 PM
    Hi

    I have attempted this MFW wannabe journey before, with little success and after reading so many threads on the forum, would like to try again.

    Looking back, trying to start a MFW challenge with a newborn was possibly not the best time for me as I had made grand plans, just when our income was decreasing.

    A little bit about us, I am 29, have an OH 34 and a LO aged 3. We bought our home 8 years ago and have a mortgage of 80,000, a family loan of 7,000 and 0 in savings

    Our first goal is to save a 1500 Emergency Fund by the end of February, whilst staying on track to pay off family loan (on target to pay off in June 2017).

    I have finished all my Christmas shopping, except 1 gift, so should be on track to save a decent chunk of my salary next month (I work part-time).

    I need to stay accountable in this journey and what better way than to publish it on the internet?!
Page 13
    • Needhelpsaving
    • By Needhelpsaving 13th Feb 18, 8:53 PM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Good Evening,

    I have been MIA the last few days, but that's because there was nothing to really report.

    I have balanced the account mid-month and have 20 cash allocated to fun money for half term week with LO. I have also left 120 in the current account for the next two weeks grocery shops.

    I have moved the Child Benefit into a separate savings account to the emergency fund - this will be saved now for LO clothing/days out etc, as opposed to getting eaten up by monthly spends as was previously the case.

    I have moved 16.56 to the emergency savings, bringing us to 2887.88/5000

    We are almost there with things for baby, however, there will be some spends to finish the nursery next month. I will be allocating a big chunk of my next income going to savings before Maternity Leave kicks in at the end of April.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 16th Feb 18, 5:45 PM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Evening all - i'm so ready for the weekend!

    Grocery shop has been done for the week and included a bottle of wine for OH as a treat and a cupcake set for LO to do in the half term.

    The couple of pounds underspend along with around 30p of interest on one of the savings account have been swept to the emergency fund to keep it growing.

    OH has made the biggest impact to savings - his car repairs bill is due to come out of his account after his next payday, so he put the 350 that was sitting in his current account into the emergency savings so that it wasn't squandered. So with this the emergency fund is now sitting at 3241.01/5000
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • earthgirl
    • By earthgirl 16th Feb 18, 7:57 PM
    • 1,992 Posts
    • 22,355 Thanks
    earthgirl
    You are so dedicated with sweeping to savings! Yey to the weekend!
    15/5/12 Paid off Mortgage 1 (220k) Dec 13 - 116,508 Bought Dream House Dec 14 - 94, 402 (22,106 offset in 2014) Jan 16 - 67, 852 (26,550 offset in 2015) Dec 16 - 33,529 ( 34,323offset in 2016)
    Jan 17 - 39, 773 (Re-estimation of endowments )
    Sept 17 22,619 Jan 18 - 11,687 Mar 18 -8524
    Kids savings 13,578/36k
    • Needhelpsaving
    • By Needhelpsaving 18th Feb 18, 7:04 PM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Evening all.

    This weekend has been a no spend weekend for my accounts; although I think between going to the rugby yesterday (free tickets) and taking us out for a family lunch to celebrate my birthday, OH has wiped out his personal spends. Its a good job he is on overtime next weekend then!

    I have this week off with DD and have 20 for activities. We will be going to the cinema tomorrow using vouchers my mum gave me today (free entry to Vue cinemas from Lloyds bank); this will make the budget stretch even further I am hoping the weather is nice enough that we can get out and do free activities like a trip to the park.

    In other news, I have put together a budget for the year ahead, which whilst it will still need some tweaking gives me a good idea of where we will stand in being able to continue towards our goals.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 20th Feb 18, 7:29 AM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Yesterday's film was a hit with DD, we went to see Coco - excellent film (even if we were both crying at the end!).

    We did also grab some lunch while we were out (6 spend), but took our own treats to the cinema.

    I was a bit naughty and took a detour to the nearby Dunelm Mill to buy 3 sets of curtains that OH and I discussed buying from next months budget. It was a week ahead of time, but means that as I am on holiday this week, I can get them up and that job ticked off the list (but sods law will say they will then turn up! )

    We have also started spring cleaning the house which will continue over the course of this week and helps us prepare for baby's arrival.

    I have requested a gift card for 13.84 from quidco to put towards the baby monitor we are saving for. I am also around 20 points off of another 3 voucher on Swagbucks. I will then need another 9 before I can purchase the monitor, so need to crack on with earning the remaining gift cards.
    Last edited by Needhelpsaving; 20-02-2018 at 3:32 PM.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 23rd Feb 18, 8:42 AM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    It's payday!

    Money moves have been made in my accounts - OH yet to do his.

    Any spends made on Credit Card/Joint Account have been settled (this was the new curtains and baby's cot mattress). I have also moved 523.49 to the emergency savings, bringing us to 3764.50/5000.

    I am pleased that we are further along with our yearly goals than I had expected to be two months into the year!

    I received the amazon vouchers from Quidco last night and added them to my account. I am awaiting the 3 voucher from Swagbucks and am already on my way to making another 3. It's not going to change the world overnight, but it is making a dent in our being able to achieve our goals.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 23rd Feb 18, 9:04 AM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Finalised 2018 Targets;

    - Get Mortgage down to 65,000 (as per MFiT Target) by 31/12/18

    - Get Savings Up to 5,000 by 01/06/18 Currently at 3764.50/5000

    - Cashflow trip to sisters wedding (we are anticipating 400 including travel down south and hotel rooms for 2 nights) by 01/06/18 400 Saved end of Jan 2018

    - Cashflow blinds and kitchen table for kitchen (1000) by 31/12/18

    - Cashflow re-painting hall, stairs/landing (just a couple of tins of paint) -75 by 01/09/18 Paint purchased (just need to actually paint it!)

    - Cashflow redecoration of living room (inc new carpet) - 1000 by 31/12/18
    Originally posted by Needhelpsaving

    Update on 2018 targets to track progress.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 25th Feb 18, 11:33 AM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    I am currently bouncing off of the walls with excitement!!!

    OH has been paid and done his money shuffles - 300 OP to mortgage and 650 to savings. Bringing us to 4414.50/5000

    In addition, he was given the heads up that he is looking at 100% bonus next month (which is the equivalent to 10% of his annual salary). So given this news and the fact that we have made such headway with our annual savings target (which I am astounded by) so quickly, we have amended our target to save 10k by 30/06/2018.

    After this we will plough any extra money into the mortgage.

    We are hoping that by continuing to push ourselves, that we will make real headway this year in terms of our financial security. Interestingly, we also discussed the lessons we have learned in terms of money management that we really should have applied in our 20's. MSE has been a great source of inspiration, so thank you to everyone who posts as whilst I generally lurk, your posts have proved very inspirational!
    Last edited by Needhelpsaving; 25-02-2018 at 11:37 AM.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 3rd Mar 18, 7:23 AM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Good Morning,

    I hope everyone is staying safe and warm with the weather.

    I spent yesterday at home as DD school was closed and even though I *could* have walked to work through the snow (around 40 minute walk) - at nearly 8 months pregnant, I refused to risk it and have lost a days pay for this month.

    However, I have noticed that the payroll didn't pay me for the 10 hours OT I did last month, so I will need to query this next week.

    I have been struggling with tiredness this week, so haven't really done a great deal in respect of Money making/saving efforts.

    I did manage to make it to do the weekly shop before the worst of the snow hit and lets face it; the snow is helping with the NSD's (with the exception of the heating bill ). Extra blankets are on the beds and sofas to try to keep the heating to a minimum whilst still being comfortable.

    Tasks for today;
    - Finish Ironing
    - Meet SB daily target
    - Check for online surveys
    - Clean and list DD ikea play kitchen on Ebay (she will get the money from this sale), as she isn't playing with it anymore.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 16th Mar 18, 8:13 AM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Good Morning.

    Sorry I have been MIA for a little while, I have had some stuff going on at work that after 2 years has come to a head and if I am honest, I have been struggling with the whole thing.

    On that note, I have been off my game money saving wise, I haven't gone over budget (I did the last weekly shop of the month yesterday). Books have been balanced and I have a small buffer to get through to payday, but I haven't really done anything to earn more money.

    We have been fortunate enough that family members have gifted us with 3 items that we still needed for baby (1 of which I was saving up for) - so the Amazon vouchers I had saved for the baby monitor went towards buying 2 tables that we are using as bed side tables (and I love!!).

    On a really positive note, OH has received confirmation of his bonus, which was actually 15% of his annual salary (apparently he went into a new scheme when he moved into his current role); however, we need to see how much the tax man will pilfer before we know how much is left to go towards our savings target

    Have a great day everyone x
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 18th Mar 18, 7:53 PM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Good evening everyone. I hope everyone is staying safe in this unpredictable weather.

    This weekend has been fairly quiet, as I needed some downtime with everything that is going on at work. The weekend has been spent getting some simple house tasks done and spending time with OH & DD (I have loved this!).

    In money related updates,

    1. 3 Amazon voucher requested from Swagbucks this morning.
    2. Home Insurance renewal completed (178 on CC to be cleared at month end).
    3. 26 spent on some summer pumps/trainers for DD (I know I could have gotten something cheaper, but she has always faired really well with the Clarks Doodles range). This was covered by this months Child Benefit.
    4. 13.70 for a school trip for DD - again covered by Child Benefit, with the remainder after the shoes and trip going into a savings account towards clothes/uniforms/trips etc.
    5. Chased up an unactioned refund from the swimming baths - they cancelled DD lesson due to a lack of teachers, so are putting a credit on the account to be used for badges etc.

    This week, I MUST list DD old play kitchen on ebay (still circulating on my list ) and keep spends within the buffer I have.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • BookmobileBadGirl
    • By BookmobileBadGirl 18th Mar 18, 8:38 PM
    • 21 Posts
    • 40 Thanks
    BookmobileBadGirl
    You are doing so well with your emergency savings and your overpaying.
    • Needhelpsaving
    • By Needhelpsaving 20th Mar 18, 9:19 AM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Morning everyone.

    Things have taken a turn in the NHS household, which whilst we can manage financially, this change will have an impact on our ability to hit our goals as quickly as we would like.

    Whilst this all sounds rather cryptic, I can't go into any more detail as it is an ongoing situation. It is something that we can move on from (i.e. no deaths/ill health etc), but never the less, I didn't want to end up here.

    However, we will still be trying to fund savings as planned, but it may be slower than the 10k by June 2018 target.

    Today's plans are to do a top-up shop (list made) and get some jobs done around the house.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Kittenkirst
    • By Kittenkirst 20th Mar 18, 12:22 PM
    • 1,887 Posts
    • 10,118 Thanks
    Kittenkirst
    Sorry to hear things have been tough NHS but glad it's something that you can move on from

    I'm working from home today and trying to get some chores done on breaks between screen time- not being very successful so I hope you're found great better than me

    Keep on pushing on!
    2018 MFW #20 - OP 1799.61/ 3000 60%
    Mar: 218 Apr: 528.91 May: 361.07

    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • Needhelpsaving
    • By Needhelpsaving 22nd Mar 18, 7:25 AM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Thanks for dropping by Bookmobilebadgirl and Kittenkirst, your encouragement is much appreciated.

    Its fair to say that the start of the week has been disaterous with a change in circumstances and then OH got is payslip and the good old tax man has decimated it! Basically, they have taxed him at 40% instead of 20% - I have advised that we wait until next month to see whether some sort of rebate comes through, but it wasn't great news either way.

    On a positive note, we sat down, had a chat and are picking up the pieces to move forward as a family.

    Yesterday was an NSD, I spent the day getting some jobs done around the house using up items we had already bought (paint, sugar soaps etc). Weirdly, this has been quite therapeutic and will continue over the next couple of days.

    There will be a need for some spends to get jobs/rooms finished, but they will be considered and trimmed where needed to keep us moving forward towards our goals, which essentially create a buffer between horrible situations and their impact (which we are extremely grateful for).
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 23rd Mar 18, 6:26 AM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Good morning,

    Yesterday was another NSD and today will follow suit.

    We have been following the meal plan and eating what we have in. Our grocery spends feel like they can be trimmed, so I will be having a play around with this over the next couple of weeks to see what I can do.

    I forgot to mention my bargain of the week from when I did the top up shop - two rolls of wrapping paper (1 male, 1 female) - can be used for multiple occasions - 35p for both! They should have been 1.50 each. I don't know if I overlook them, but I never seem to find bargains like this. I have added them to the present cupboard so that I have something to hand when I need it.

    Today will continue with the cleaning and decorating theme, trying to use what we have in the shed first before we even contemplate buying anything else.

    Right, off to check out diaries whilst the house is still quiet. Hope everyone has a good day.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 23rd Mar 18, 3:04 PM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Cleaning and decorating has been wrapped up for today and whilst the house now looks a little chaotic, it will all come good in the end.

    Today I sugar soaped the walls etc in the living room and hallway

    I have also used 1/2 tube of polyfilla to fill in some hairline cracks that have appeared here and there. Then finally, I got started with the gloss. Living room skirting boards (1st coat done) and a fresh coat on the plaster fire surround (not in budget to replace just yet, maybe in a couple of years) and the windowsill.

    I think I scared some of the neighbors as I was wearing a face mask while painting

    Over the weekend, I will get the second coat of gloss on the skirting boards, put a coat of white paint on the ceiling to freshen it up and then get started on the walls.

    This room is the final room that requires a carpet replacement, so that will definitely have to be done as it looks very shabby at the minute, so I will have to order that to be fitted before bubba arrives.

    Then it will be matter of getting creative with accessories and soft furnishings to keep these spends to the absolute minimum/at all.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 25th Mar 18, 12:01 PM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Good Morning.

    Just dropping in with a financial update for this month. OH has been paid and has trimmed his budget to put 2700 in savings, bringing us to 7131.90/10,000 (much better than we anticipated) and he has earmarked 400 for mortgage OP

    So even with the tax bill being high, we have managed to take a huge step to our targets and we have recognized that we are fortunate to even be in a position to save

    I have also hit the threshold for another 3 voucher on SB, so that has been requested and will be added to the Amazon account for use at a later date.

    I didn't manage an NSD yesterday, as I needed to buy some more paint for the home projects we have going on. I also bought a hanging basket and some bedding plants to brighten up the front of the house. Total spent was just over 30 - everything else we have used has been purchased earlier in the year or recycled (i.e. plant pots etc).

    Today is a planned rest day, as after 2 days of decorating I need a break, but normal service will resume tomorrow. Today is about enjoying the weather and simple pleasures like seeing the washing flapping around on the line
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 26th Mar 18, 4:38 PM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Hiya!

    Bit of an odd one today, but bear with me. I had a brainwave last night (dangerous I know), but I have set myself the challenge of saving, manifesting or earning 6000 in a year (12 months from yesterday) while on maternity leave - above usual income

    I started last night by looking up how much I had on Boots card, Amazon account etc. Then I looked at cashback shopping apps to see if I could get any bargains to cut back the planned spends.

    Today I have got some total bargains using clicksnap and checkout smart;

    - 18 packs of Carex refill packs (1.50 rrp, and with 0.75p cashback on each pack from COS and CS, they were all FREE). I gave 14 to my mum, so she now has a years supply of handsoap. I already had a stash, so it was nice to get a bargain and 'gift' them to someone else.

    - COS had an offer on the price of a 5 pack of bananas - making them FREE after cashback.

    - I used CS and COS to get 6 packs of yeovalley yoghurts, should have been 2.50 per pack, after cashback they were 50p per pack out of pocket (and I got the longest dates possible so they get used).

    - 2 roll on deodorants - again FREE after cashback by combining offers on COS and CS.

    The idea is that every time I save by using these apps, I physically move the money saved to our savings account so we have something tangible as we go. So, while I have spent money today - all planned, I have saved around 50 with loyalty points/cashback apps.

    This may well be a hair-brained scheme, but hopefully it will give me a challenge to work towards.

    27.87 will be moved to savings on Friday and I have over 20 pending with Quidco clicksnap which will be moved once it is available to be claimed.

    ETA - MIL bought DD an outfit in the sales, so I will move 10 from our clothing budget to the savings, as it has saved us having to make the spend.
    Last edited by Needhelpsaving; 26-03-2018 at 5:55 PM.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
    • Needhelpsaving
    • By Needhelpsaving 30th Mar 18, 9:25 AM
    • 701 Posts
    • 2,847 Thanks
    Needhelpsaving
    Good Morning,

    I have been paid and money shuffles have been done.

    Cost of remaining carpet has been covered and that should be fitted next Thursday

    I have ordered some new photo frames from M&S in their home event (these were on the list anyway, but we bought them early as they had 20% off). These will be used to make a gallery wall with some frames we already have.

    We have plans for this bank holiday weekend, which had already been budgeted and will allow us to spend some family time together before baby arrives.

    22.01 has been requested from Quidco, 30.55 has been requested from Checkout Smart - all of which will be sent over to savings.

    I have already sent 75 to savings and have claimed another 3 Amazon voucher from Swagbucks. So no major changes to the savings account, but we are keeping it ticking over

    Have a great weekend all, whatever you are doing.
    Target 1 - Emergency Fund Currently 8053.15/10,000

    Target 2 - Pay Mortgage Down to 65,000 by 31/12/18 Was 71,006.49 (01/01/18) Now 67,534.47 (18/05)
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