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  • FIRST POST
    • Needhelpsaving
    • By Needhelpsaving 14th Nov 16, 5:58 PM
    • 700Posts
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    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 14
    • Needhelpsaving
    • By Needhelpsaving 2nd Apr 18, 6:42 AM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Good morning!

    As the bank holiday weekend nears its end, we are preparing to
    Come home from our weekend away. We have spent the weekend
    In Stratford upon Avon - the accommodation for all three caravans was generously paid for by the in laws. We have spent around 130 including 2 meals out, food for in the van and OH trip to the pub

    The river has burst its banks but thankfully, we have been unaffected although some of the site has been evacuated.

    The next few days will involve some outings to keep DD occupied over half term. Any spends here will be from the child benefit we have been putting aside for Clothes and days out. Going to see a Julia Donaldson play tomorrow (DD had tickets for Xmas, so spends will be parking and lunch).

    Then Wednesday and Thursday will be spent close to home.
    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 Apr 18, 3:40 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Hello

    Just popping in with a quick update on the money front to keep my mind on track.

    We have made a couple of spends over the last 24 hours, 81.99 on a big shop after we have run down the stores. We have also purchased DD birthday presents - 12.50 after using the vouchers on the Amazon account.

    We have been out today to see a Julia Donaldson play and as my mum was joining us, my dad acted as chauffeur and they took us to lunch afterward, so I think we have saved around 20.

    I am counting these as savings, as we had planned to spend money on DD presents and day trip, so I will move 54.07 to the savings account so that it doesn't get wasted elsewhere.

    This brings the savings to 7314.60/10,000
    Last edited by Needhelpsaving; 03-04-2018 at 4:06 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 4th Apr 18, 9:12 AM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Accounts checked and balanced;

    - 8.10 sent to savings (this is to reflect the difference saved between actual cost of photo frames and what they should have been). Account now sitting at 7322.70/10,0000

    - I have received the last 3 Amazon voucher requested from SB, this has been added to the account to re-build. Almost at the cash-out threshold for another

    I have received emails from ClickSnap and Checkout Smart, politely reprimanding me for folding my receipts (whoops!) - if anyone uses these apps, be aware of this.

    Today's planned spends are;

    - Haircut from personal money
    - Need to get 125 cash out for carpet man tomorrow
    - Drop off OH dry cleaning (5.50)
    - Postage costs (probably around 5
    - Withdraw 10 for a birthday card


    The majority of our spends will take place at the start of the month as we prepare for a newborn to enter the house, but I am conscious that it all looks quite frivolous at the minute .
    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 7th Apr 18, 4:43 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Good Afternoon.

    This week is flying by and has had some ups and downs, but I have practiced gratitude for the opportunities that have been presented by the not so good bits

    - car boot latch and rear view mirror had to be replaced at a cost of 116.54. Weirdly, it was quite a comical situation, the boot kept opening when I was driving and then as I was driving the the garage, the rear view mirror dropped off . . . you couldn't make it up! I was half expecting Mr Bean to pop out from somewhere!

    - Car breaking meant that I got to spend some time with DD on an 'adventure' - we hopped on a bus and done the jobs for the day that way (I was very tired come the evening, but it was lovely to see her little face when she showed the driver the day tickets etc). The cost of the repairs is roughly what I have managed to squirrel away this month savings elsewhere, so whilst the savings account will decrease slightly, having savings meant that an emergency was turned into an inconvenience.

    - Went to the local farm yesterday to get some meat from the butcher (batch cooking will commence tonight/tomorrow). We got to see some animals (for free) and LO was a happy girly. We then went to the park (2.20 spent on ice-cream as a treat for DD), the rest of the afternoon was spent in the garden enjoying the sunshine with a brew

    - We're loving the new carpet and it has made such a difference to the house. That's another job ticked off the list of jobs we wanted to get done this year.

    - Today has been an NSD and tomorrow will follow suit (let's face it, they're much needed ).


    I have committed to take DD to the cinema next week to see Peter Rabbit. This will be covered by the child benefit savings and will be the last day trip of the easter holidays. We will eat out at Pizza Express afterwards and use the free pizza voucher I have to reduce the cost of meal out.

    Right, off to catch up on some diaries and have a nosey at some new ones to keep me motivated.

    Happy Saturday!
    Last edited by Needhelpsaving; 07-04-2018 at 4:45 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)
    • Kittenkirst
    • By Kittenkirst 7th Apr 18, 9:43 PM
    • 1,885 Posts
    • 10,108 Thanks
    Kittenkirst
    Sounds like you've had some wonderful times with your DD this week

    Sorry to hear about the car situation but great that you have the savings to fall back on so it's not a disaster!
    2018 MFW #20 - OP 1465.85/ 3000 49%
    Mar: 218 Apr: 528.91 May: 27.31

    Emergency fund 4.2k/ 6k
    Mortgage Oct '16 170.995 LTV 90% end: Nov 2041
    Overpayments 2016 255.50 2017 2600.40
    • Needhelpsaving
    • By Needhelpsaving 8th Apr 18, 3:15 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Today has been another NSD. DD bought some new sand for her sandpit using money gifted to her by a relative, so whilst there was a purchase, it wasn't from our accounts.

    Last night was spent doing some batch cooking - I made a family sized chilli con carne and 5 portions of tomato and red pepper soup; which are now in the freezer.

    Tonight will be spent making some home made breaded chicken strips for the freezer. The usual weekly shop is due to be delivered tomorrow, so there will be a change to the accounts with that.

    I must find the mortgage account login to update our balance
    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 9th Apr 18, 5:17 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Hi.

    Just dropping in with a daily update on financial wins;

    1. I hit the threshold for another 3 payout on SB, so have requested another Amazon Voucher.

    2. We have balanced the books and something we thought we may need to pay out for has not been needed, so we have swiped that money over to the savings account. This brings our total to 7839.91/10,000

    3. Mortgage Paperwork found and balance is now 68,498.25
    Last edited by Needhelpsaving; 09-04-2018 at 6:06 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 10th Apr 18, 4:17 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Daily update to keep me on track;

    1. DD taken to cinema (inc lunch out & Car Parking) - total spend 20. Took own snacks and drinks.

    2. Actually got around to cancelling contact lens contract. I have also made sure that the Direct Debit was cancelled on internet banking. 18 p/m saved.

    3. We have cancelled the Now TV packages (x2) we had at a reduced price over winter, as we are not in the house as much now the weather is improving. Approx 9 p/m saved.

    4. Booked a free eye test with Boots after they sent me a voucher. According to their website, this is usually 25.

    5. Picked up a free MAM baby bottle and soother with a voucher from their Parenting Club. I also grabbed a free Boots magazine with my advantage card.

    Not quite an NSD, but there has been some money saving activity
    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 Apr 18, 4:04 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Good Afternoon, just dropping in after a manic week to get my thoughts written down.

    DD2 has arrived early and so both the house and finances have been neglected. Over the next week or so I will sit down and get everything into some sort of order/up to date. The priority at the minute is to have some sort of routine in place for when OH goes back to work.

    The sheer generosity of family in terms of gifts and help has meant that we have had a lot of new items coming into the house, so while I am getting the house in order, I will also take the opportunity to take stock of what we have in the bathroom cabinet (have a bit of a stockpile going), clothing (clear out any items no longer needed and make a list of any items that need to be replaced) and whether there is anything that can be sold to go towards the savings pot.

    Lots to ponder and put into action.
    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 20th Apr 18, 7:28 PM
    • 1,992 Posts
    • 22,346 Thanks
    earthgirl
    Congratulations!

    Hope everybody is well?

    Don't worry about all the other stuff, enjoy now.

    Thanks for my hugs, and here are a few in return
    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 21st Apr 18, 7:28 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Bathroom cabinet has been organised (i'm living on the wild side! )

    We have plenty of stuff in there, the only thing we will need to re-stock is toothpaste.

    Some items will see us through until the end of the year - apparently I have Narnia for a bathroom cabinet

    Next job is to sort the kitchen cabinets and make them more user friendly - that's a job for next week now.
    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 Apr 18, 3:25 PM
    • 700 Posts
    • 2,846 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 DONE - REVISED TARGET IS TO GET TO 10K by 01/06/18

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

    - 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


    - Cashflow redecoration of living room (inc new carpet) - 1000 by 31/12/18
    Originally posted by Needhelpsaving
    -DONE FOR APPROX 450 INC NEW CARPET AND UNDERLAY + FRAMES FOR A PHOTO WALL[/B]



    As part of getting the finances up to date, I wanted to revisit our progress with our targets for 2018.

    We are ahead with our progress at the minute, so we may need to think about what else we can do to push ourselves more before the end of the year to exceed these original targets. This will require some further thought.

    Bank accounts & CC have been checked and we have gone over-budget this month. I have moved some money about to cover it with child benefit savings to keep us out of the negative. Not great, but a manageable situation that has come from the early arrival of our beautiful DD2
    Last edited by Needhelpsaving; 23-04-2018 at 5:14 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 25th Apr 18, 1:53 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Quick Payday update;

    - Savings account bumped up to 8050/10,000

    - 650 sent to mortgage as an OP as we wanted to hit the 67k range this month.

    - 5 Amazon Voucher claimed from SB

    We are currently exploring the idea of selling some of OH's free shares from work, but need to investigate this further to see whether there is any value in doing this now or waiting. We haven't cashed many in over the years, so its worth some consideration.
    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 Apr 18, 4:22 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Today has been a bit of a balancing act between having some spends, but using deals and coupons to reduce the cost of items.

    1. I had my free eyetest from Boots today - Should have been 25 according to their website. I will need some new glasses as some point, but refused to pay the prices quoted on some of their frames - the most expensive was 350 . . . without any cost for lenses!!!!

    2. I used a tonne of coupons from the Boots parenting club to get some baby stuff pretty cheaply. This included a free dummy and matching clip We bought DD2 a dress for my sisters wedding with 25% off and we chose something that was pretty and smart, but could be worn again as part of her normal wardrobe. I will ask MIL if she can knit a new matnee coat to wear with it in case it is chilly

    3. I have used Amazon vouchers to buy a new set of kitchen scales, a mirror thing that attaches to the car seat so I can see DD2 when out in the car and some soy wax and wicks for candles. I have approx 4 candles where the wick has finished, but has still got loads of wax in the pot as only the middle has burned. I will also re-purpose two of the glass pots to make lavender scented candles to put by for teachers gifts at the end of the year - I found a lovely poem about teachers lighting the way for children that I thought would be lovely to put with them. I have a stash of gift bags that can be re-purposed, so will only need a couple of cards come the end of the year, unless I come across any suitable ones in the cupboard


    Need to menu plan for next week so that I can go grocery shopping tomorrow.
    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 27th Apr 18, 4:17 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Some spends again today;

    - Just shy of 50 was spent on grocery shop for the week to make enough meals/snacks for the next 7 days.

    - 35 spent on taking in-laws for lunch to thank them for helping us with DD1 when DD2 made an early arrival. We will do the same for my parents, as while this isn't very MSE, they helped us out loads and have been incredibly generous so we wanted to show our appreciation - money well spent in my book (and not something we do everyday).

    No other money has been spent today. I did go to the library and picked up some books to read whilst I am feeding DD2 (but without any money being spent)

    I am halfway to another 3 voucher on SB, so will try to reach the payout threshold over the weekend
    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 29th Apr 18, 7:55 AM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Good Morning.

    Just checking in to keep me on track - NSD yesterday and the same again today. We have struck to the meal plan and need to continue in this vain for the remainder of the week.

    I am looking forward to getting into a bit more of a routine this week.
    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 Apr 18, 7:56 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Today was not an NSD - I bought 200 dishwasher tablets from Groupon They came in at around 25 (they are my preferred brand, I usually downshift in everything else but didn't have much success with DW tablets).

    This has been the only spend today and this quantity will last us until at least the end of 2018.

    There are no further spends anticipated until the end of the week when the grocery shop is due to be done.

    I'm around 30 points off another 3 voucher from SB, so will persevere with this tomorrow
    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 5th May 18, 11:44 AM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    Been MIA for a few days - just needed some time away from screens etc

    This week has seen some general spends - the main ones being grocery shopping, a birthday gift and stamps. Where possible, I did use discount codes/cashback sites to minimize spends.

    The one thing I had noticed were some small spends that kept creeping in, but all added up in the end. These were drinks when out and about and DD1 asking for sweets on the way home from school. To manage this better, I invested 2.50 in a water bottle that I now put on the pram when i'm out and about + have bought multi-pack sweets in grocery shop for DD1 - they are smaller packets too, so I am reducing her sugar intake as well as helping the purse.

    OH has gone to the butchers for the meat this morning and that's it for the meal plan this week We have stuck to eating out of the stores/off plan this week and will continue with this next week

    The main spend of the week, which is a one off, is the hotel bookings for my sisters wedding (down south). We have booked 2 nights accommodation - 1 of which is part way to the venue as it is quite a distance to travel with LO's, so we have broken the travel into two parts with an overnight stay in between. This has been covered by the money I put aside at the start of the year.

    I did (belatedly) hit the 3 amazon voucher threshold on SB and have requested a payout to keep the account topping up. We also received 7 of vouchers from our M&S CC, this will be put aside in preparation for clothing replacements for DD1 (I have no idea what she does with her socks to get them so dirty and stained )

    Right, off to enjoy the sunshine
    Last edited by Needhelpsaving; 05-05-2018 at 1:14 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)
    • earthgirl
    • By earthgirl 5th May 18, 8:42 PM
    • 1,992 Posts
    • 22,346 Thanks
    earthgirl
    Sounds great and very organised in what was for me a very manic period of my life!

    Like the way you have analysed spends and come up with a cheap solution..
    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 6th May 18, 2:27 PM
    • 700 Posts
    • 2,846 Thanks
    Needhelpsaving
    NSD today - just enjoying the sunshine

    Some spends on Saturday at the Butchers.

    I have made a start with some decluttering to make room for all of the new baby stuff that's come into the house - I don't function well when i'm surrounded by clutter/mess

    I have cleaned out the 2 cupboards in the kitchen (under sink and one with medicines/birthday cards and home decor items). I got all crafty and made some new candles using the remnants of old candles and the original glass pots - I added some new wax and a new wick to make them into full candles again and am quite pleased with the outcome

    This afternoon, I want to get the ironing up to date, write thank you cards and re-pot two trees that I had for my birthday (getting jobs ticked off before OH goes back to work on Tuesday).
    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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