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  • FIRST POST
    • Needhelpsaving
    • By Needhelpsaving 14th Nov 16, 5:58 PM
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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 16
    • Needhelpsaving
    • By Needhelpsaving 12th Jul 18, 7:34 AM
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    Needhelpsaving
    Mortgage Update - with the regular payment, rest of share money and money from OH June wage, we are now at £64,305.25!!

    We will revise our target to get the mortgage down to £55k by 31/12/18 - now we have met our savings goal, we can send more money towards the mortgage from our usual incomes.

    Goals still outstanding for 2018;

    - Re-decorate hall, stairs and landing by 30/09/18 (need to get a shift on with this).

    - Buy new dining table and blinds for kitchen.

    - Have a mortgage down to £55k by 31/12/18.

    I'm feeling very excited about our progress and our future
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • greent
    • By greent 12th Jul 18, 8:10 AM
    • 7,517 Posts
    • 76,270 Thanks
    greent
    I'd call that rather fantastic progress!
    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. 2018 OPs (#18) £7127.06/£7500
    Net sales 2018 £721.53/£1000 PAYDOX18 (#15) Done £18918.90
    • earthgirl
    • By earthgirl 12th Jul 18, 8:35 PM
    • 2,215 Posts
    • 24,277 Thanks
    earthgirl
    Woop that's great!! Well done!
    Good luck on your next stage.
    15/5/12 Paid off Mortgage 1 (£220k) Bought Dream House Dec 13 - Mortage 2 -£116,508. 15/7/18 Mortgage Free Again
    Kids savings 13,578/36k
    2k Monthly buffer 2k/2k 5k Travel savings £3203/5k
    • Needhelpsaving
    • By Needhelpsaving 15th Jul 18, 11:14 AM
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    Needhelpsaving
    Good morning!!

    The recent money moves have spurred me on to make more of a dent in the mortgage. OH is still working overtime and i'll be holding the fort at home.

    In between entertaining LO's, I have found some clothing pieces that I can list on ebay (mainly first size baby clothes) and I have agreed a sale of our moses basket to a friend of a friend - so the covers will be washed this week in preparation for the collection next weekend.

    In money news;

    I went into town and opened DD2 savings account this week (finally!) and have set up a monthly standing order to match DD1's.

    I have purchased most of DD1 school uniform for next term using this months family allowance, just need to get 2 cardigans (have to have school logo on), shoes and PE pumps, which are either wrecked or outgrown.

    This months grocery shopping has gone awry - I need to reign this in again next month and think a return to Aldi with a limited stock range may help with this. However, I will need to sit down tonight to see what we need to get us through to payday and stick to the list to stay *just* within budget.
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 22nd Jul 18, 11:49 AM
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    Needhelpsaving
    Good Morning.

    I haven't posted for a few days, but have been reading other diaries for inspiration.

    My phase of ebay procrastination ended last night and I sat and prepared the listings last night, ready to go live today. There has been no word from the lady who asked to buy the moses basket, so I have aksed friend to double check whether she still wants it - otherwise I will list this on ebay too.

    Other than this there have been a few money spends, all neccesary;

    - An xmas present for God Daughter (in sales) - please don't berate me for using the *Christmas* word ... it was a bargain!

    - Food shop at Aldi (£48.00) based on meal plan. This included a couple of maths books 99p each for DD1 to do over summer holidays to keep progressing with the work she has done this year.

    - New swimming costume for DD1 - this won't be needed until winter, but as she does swimming lessons every week, it will be needed and I picked up a two pack in the summer sales for £5


    Other than this, I have been looking out for free/low cost things to do over the summer and have got the free swim times for two local swimming baths, already took DD1 to the local library for some books (this will be a common feature over summer hols as they do craft clubs as well), plus we have a selection of parks/playgrounds within 30 minute drive of home that we can rotate for days out.

    I just need to have a think about activities I can possibly add to these trips so they don't become a chore after a couple of weeks - i'm thinking home made 'bug bingo' cards, collecting leaves to make a collage that kind of thing . . . or maybe I am overthinking this a little

    Anyway, better get lunch started otherwise there will be mutiny
    Last edited by Needhelpsaving; 22-07-2018 at 11:56 AM.
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 24th Jul 18, 2:41 PM
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    Needhelpsaving
    Hi!

    The summer holidays have begun and it appears that my attempt at a lower cost food shop was naive. With having some family over the weekend for lunch, along with OH and DD1 being at home, its like a plague of locusts hit the house. The store cupboard (which I thought would get us through this week) has been run down to odds and sods, so I have done a big shop this morning to cover us for lunches this week and food for next week.

    I have hidden some snacks as these seem to be the first to go from the cupboards (i'm guilty of that too) and have a full pantry, freezer and fridge (including beers for OH). Total cost £112.00. The meat from the butchers has been portioned and frozen, just need to breadcrumb some chicken for nuggets - this is a job for tonight.

    Other than groceries, no money has been spent. The first two days of the school holidays have been spent at home/in the garden. Tomorrow we are going to a museum as OH is off work for 3 days, entry is free and we have planned to be back home for lunch + take own snacks. Only spends should be parking and one activity that charges (£2).

    Thursday will possibly be a free swim session and Friday we are joining family members for lunch to celebrate a birthday, so there will be spends there.
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • earthgirl
    • By earthgirl 24th Jul 18, 8:34 PM
    • 2,215 Posts
    • 24,277 Thanks
    earthgirl
    Sounds good Nhs, apart ftom the locusts!

    I bulk out the basic activities with:
    free events in churches, sports centres etc
    Walks -invite a friend for more fun
    Free museum visits
    Free gardens visits
    Play dates
    Film nights
    Puzzle afternoons
    Learn a magic trick/song/dance and perform
    Loads of colouring and crafty things

    Love summer hols! Enjoy xx
    15/5/12 Paid off Mortgage 1 (£220k) Bought Dream House Dec 13 - Mortage 2 -£116,508. 15/7/18 Mortgage Free Again
    Kids savings 13,578/36k
    2k Monthly buffer 2k/2k 5k Travel savings £3203/5k
    • Needhelpsaving
    • By Needhelpsaving 26th Jul 18, 8:34 AM
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    Needhelpsaving
    Good Morning!

    Yesterday was a very low spend day We spent a total of £10.59 for the entire day (£6.60 on parking in the city centre and £3.99 on a treat for DD1). The museum was great and we all enjoyed the morning perusing the exhibitions.

    We took our own snacks and drinks and came home for lunch as the day heated up. We stayed at home until early evening when it cooled down, then we headed out for a family walk.

    Today possibly be a trip to a park, but i'm cautious of the heat with the LO's, so this will be done either this morning or later in the afternoon. Anticipating another LSD today, as some local parks are starting to charge for parking
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 26th Jul 18, 4:07 PM
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    Needhelpsaving
    Moses basket sold for £15, collected and money sent to Mortgage as an OP.

    It was payday yesterday, no money moves have been made yet, OH and I will sit down tonight to allocate money for the month ahead etc.
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 2nd Aug 18, 10:13 AM
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    Needhelpsaving
    Money moves made for both of our July pay. We managed to make another large OP, but as we scraped money from every account/sofa cervice possible, there won't be many more like this in the future.

    I have checked the accounts today and we have just dipped under £60k. This has been made up of my SMP, OH clearing down his personal account (apparently you don't spend much when working so much OT), OH OT pay and the regular payment.

    OH was glad of having 3 days off to recharge his batteries, he has really worked a ridiculous amount of hours last month. Bless him.

    August will be about bringing the focus back to family life and enjoying the summer with the girls.

    So far the summer holidays have been cheap, but very creative - Den building, crafts, park trips etc. The most expensive day was the museum trip at just under £11

    Meal plan has been done for the week ahead and a click and collect grocery shop has been done to be picked up tomorrow (£43), just need to stay on the straight and narrow
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 8th Aug 18, 8:35 AM
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    Needhelpsaving
    Good Morning!

    The sun is shining and the washing is flapping on the line

    The budget is ticking along as planned. I spent last night meal planning for next week and have done an online shop as we have a few things on at the end of the week/weekend and if I shop when i'm tired/hungry/stressed the bill will be higher than the £2 delivery fee.


    I signed up to zeek to get a Clarks voucher - total saved through reduced cost voucher and £5 new joiner offer was £7.20 The shoe shopping will be rolled into next week.

    Today we will be popping out to buy DD1 school cardigans (have to have logo on). I have £35 of family allowance left to cover these.

    Have earned around £22 from cashback apps/SB/survey sites this week and it has been put into the birthday pressies pot, as we have some family birthdays coming up.

    Right, better head off to shop before they get busy.
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 13th Aug 18, 9:08 AM
    • 755 Posts
    • 3,158 Thanks
    Needhelpsaving
    Good Morning,

    Our house is in quarantine - there is a cold bug going about and I have been up for most of the night with DD2. Poor DH looked so tired when he left for work this morning, bless him.

    Money is ticking along as planned, I have £100 grocery budget left to get us to the end of the month and we have plenty of bits to be used up/in freezer/in pantry.

    Today's jobs;

    - Take parcel to post office
    - Put DH suit in for dry cleaning
    - Washing and ironing
    - Make a list of upcoming birthdays and work out what cards we need to get.
    - Photograph some items to go on Shpok (trying this out) and ebay - its been pretty quiet over the summer, but I will re-list some items one last time to see if I get any interest.
    Last edited by Needhelpsaving; 17-08-2018 at 2:11 PM.
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 15th Aug 18, 4:53 PM
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    • 3,158 Thanks
    Needhelpsaving
    This week has been interesting - very unproductive start to the week with LO's being unwell - lots of time spent giving cuddles though

    We have been out and about today getting the last bits and pieces ready for school term in a couple of weeks time. With the exception of 1 item to be delivered, we are done

    I did think of this forum last night though when OH came home from work and told me that he had overheard a colleague saying that they had paid off their mortgage early and had made an offer on their dream home - A rare conversation in RL, I have found that I have usually had looks of confusion/

    Anyhow, OH came home very inspired and we had a long discussion, which ended in us agreeing to try to get the mortgage paid off in 5 years.

    He suggested sending the Emergency fund to the mortgage - I like the flexibility of having money available should it be needed. The debate continues ... brain cogs are whirling and spreadsheets are being tinkered with ... to be continued.
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 17th Aug 18, 2:35 PM
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    Needhelpsaving
    Good Afternoon

    The debate over savings vs mortgage OP have ended and we are both agreed that savings that can be accessed easily are more valuable to our family at the moment.

    Although, I won't lie, the temptation to knock £10k off the mortgage was very appealing.

    We took DD's swimming today (free swim session), so no spends as yet. I will need to get some milk and potatoes this afternoon, but that's about it. I want to run the cupboards down as we head to the last week of the month/holiday.

    I also need to end my procrastination and finish these ebay listings
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • earthgirl
    • By earthgirl 17th Aug 18, 6:49 PM
    • 2,215 Posts
    • 24,277 Thanks
    earthgirl
    We went down the savings route too, although mortgage neutral doesn't have quite the same ring to it as mortgage free. But more sensible!
    Glad lo's are better
    15/5/12 Paid off Mortgage 1 (£220k) Bought Dream House Dec 13 - Mortage 2 -£116,508. 15/7/18 Mortgage Free Again
    Kids savings 13,578/36k
    2k Monthly buffer 2k/2k 5k Travel savings £3203/5k
    • Needhelpsaving
    • By Needhelpsaving 27th Aug 18, 9:29 PM
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    • 3,158 Thanks
    Needhelpsaving
    Hi!

    We're back from our holibobs and the washing is currently being run though the machine to get set up for the last week before school starts again.

    We ended the last pay month with £30+ left in the joint account - this has been swept to savings. We have a new savings target for 2018/2019 as well as our attempts to be mortgage free. We have decided to start saving for our wedding - likely to be a couple of years away, but we want to start putting a bit by so it is fully funded ahead of time.

    Currently have around 18 items listed online for sale, with the idea of clearing out the house and boosting the savings.

    Other than that, not much to report outside of day to day goings on. Hope everyone well x
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 2nd Sep 18, 9:05 AM
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    • 3,158 Thanks
    Needhelpsaving
    Good Morning!

    We are now into the last third of 2018 - this year seems to have flown by! We have had some slight deviations to our journey over the summer and I feel like I want to revisit my original 2018 goals to keep me on track/moving forward.

    We will revise our target to get the mortgage down to £55k by 31/12/18 - now we have met our savings goal, we can send more money towards the mortgage from our usual incomes.

    Goals for 2018;
    - Savings Goal 1b - save £10,000 by 31/12/18 - ACHIEVED

    - MF Goal 1b - Reduce mortgage to £55,000 by 31/12/18 - Currently £59,739.91, with Septembers monthly payment due to be taken in the next day or so.

    - Re-decorate hall, stairs and landing by 30/09/18 (need to get a shift on with this).

    - Buy new dining table and blinds for kitchen by 31/12/18.
    Originally posted by Needhelpsaving
    So, the deviation . . . earlier in the summer, we found some rising damp on the back wall. After some investigation, it appeared that we needed our bathroom pipe and soil pipe replacing. We got a plumber in and while he was working he uncovered a split pipe that was running from under the bath to the outside pipe and the soil pipe underground had been leaking Thankfully, there had been no movement from the bricks, so subsidence was off the cards and no major internal leak - so essentially, I need to thank the rising damp for almost warning us of other hidden plumbing issues. Money well spent in my book and the lovely man didn't charge any extra to replace the other couple of bits of pipe, he just said he does the job properly and that's that

    So the money being saved for the dining table and blinds was used for this repair and I have just had a window handle break, so will need a repair on this too. None of the repairs money has been taken from the emergency fund.

    Time to re-focus on our goals and make further headway in achieving them before the end of the year
    Last edited by Needhelpsaving; 02-09-2018 at 9:09 AM.
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 15th Sep 18, 1:48 PM
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    Needhelpsaving
    The last couple of weeks has been spent getting back into a routine with school - a few tears and tantrums have been had (not by me I hasten to add ) due to DD1 being over tired.

    I have also found some free activities to do with both DD1 and DD2 in order to continue living within budget. DD2 and I have been going to a free parent and baby swim group and DD1 has been asking to go to the library after we had a few trips there in the summer

    Not much to report money wise - DH thinks he needs some work on his car, which will come in at around £500 and also the flurry of work leaving do's, work trips etc have begun, which means less money to the mortgage pot. Kind of feel like I can't really grumble, given that i'm at home on maternity leave, making minimal contribution money wise

    I just need to be a big girl about it and keep going. So tonight I will be re-sealing the bath tub (what can I say ... I live life on the edge )

    Jobs for the weekend
    Plant spring bulbs
    Re-seal bath
    Usual household chores
    Get ready for the week ahead

    Onwards and downwards.
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 17th Sep 18, 9:33 PM
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    • 3,158 Thanks
    Needhelpsaving
    Right, we're getting there ... I think.

    Bank accounts have been checked and balanced - a few sneaky overspends that I have balanced from my personal savings - that will teach me to stop tracking properly. I definitely had a pang of guilt moving that money over

    Last week before payday and I have enough stuff in the house for meals this week. Snacking has to be bought under control, so we are committing to eating up what we have and nothing else.

    Tomorrow will be free swim session with DD2, a trip to the local school shop to get a refund on a cardigan I ordered (6 weeks ago!) that I keep being told they don't know when it will be delivered - awful service, need some nappies for DD2 and milk.
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
    • Needhelpsaving
    • By Needhelpsaving 20th Sep 18, 12:42 PM
    • 755 Posts
    • 3,158 Thanks
    Needhelpsaving
    Today, we're holed up inside the house - it's awful outside, but the garden will be enjoying it after the summer ... feast or famine huh?

    I have put the time to good use by getting some cleaning jobs done and have spent some time going through last months bank statements to identify where I went over budget, so I can be more mindful in the month ahead. The answer - poor planning and being lazy - lot's of treat's and eating out coupled with buying bits for the house.

    I am taking inspiration from Foxholes diary and am trying to do DIY jobs around the house ... although I'm defaulting to smaller jobs that can be done in the evening once the LO's are in bed.

    Right, off to get lunch ready
    Target 1b (revised) - Emergency Fund Currently £10,000/£10,000

    Target 2b (revised) - Pay Mortgage Down to £55,000 by 31/12/18 Was £71,006.49 (01/01/18) Now £58,667.91 (06/10)
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