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  • FIRST POST
    • Suffolk lass
    • By Suffolk lass 28th Jan 17, 12:18 PM
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    Suffolk lass
    Get a grip woman!
    • #1
    • 28th Jan 17, 12:18 PM
    Get a grip woman! 28th Jan 17 at 12:18 PM
    Having been reading a number of people's debt-free wannabe diaries for some time now, I have finally decided I will start my own.

    We are less than three years from wanting to stop work, and less than ten years from state retirement age. I manage our household finances and DH lets me get on with it. His attitude is more "live for today" so we are a good balance, I think. We have two holidays each year and sometimes more - and he has some boys toys - 2 Harley Davidson motorcycles in the garage, that seem to always need money spending on them. That said, there is more to be said in favour of a happy and contented DH than against them so I don't resent them in any way.

    So to debts - It seems a good time because I have recently finished the finance on my car, and as of yesterday, paid off the finance for DS's car (I borrowed from him 18 months ago and paid back by buying his car on finance and paying his insurance). I was paying 4.7% on that debt so it was my highest priority. I paid it off 10 months early using most of my HSBC Regular Saver that matured this week.

    The debts I have currently are:

    £110,621 - Mortgage - interest rate of 0.74% (0.5 above the BoEBR)
    £3,476 - DH's car - 0% credit card until Sept 17 - a £4000 cash advance with a £76 fee
    £8,755.54 - Barclays Finance for double glazing 0% over 2 years 2/24 paid

    Total £122,852.54

    It isn't that I can't afford to keep up payments, it is more that I want us to start our non-work phase without them hanging over us, if you know what I mean.

    I think that will do for a scene setter.

    SL
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
Page 17
    • Suffolk lass
    • By Suffolk lass 23rd Mar 18, 4:03 PM
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    Suffolk lass
    I know, I raided the spare sourdough and did not reduce the water but it'll be fine. I also forgot to add wheatgerm. Doh!
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 25th Mar 18, 9:58 AM
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    Suffolk lass
    Ugh! Finally getting straight at the end of the month, and the massive insurance premium is paid. Two hundred less than last year but still just a smudge over £100 a month (because we are a thatched cottage and have one or two high-value things covered).

    I made an error by ordering my foreign currency last week. The money was taken straight away (Sainsbobs) so next month I will have to pay for several days of using my (agreed) overdraft. I use Sainsbobs because they are FCA (Financial Conduct Authority) approved. Most of the stores and SMs who offer currency are not. This time they were slightly cheaper than PO Counters, who are my other favourites, and always closer.

    Now I have hedged the cost of our summer holiday and I can give DS just over €100 for his ski-hols. Most of this is paid for up front (by him) but it is the little things like a beer after ski-ing or a hot chocolate in a ski-hut that this will cover. Most is from my lovely Mum, who transfers a few pounds every now and again via my account (so it is actually used for treats).

    It is all good, except the £2300 I have had to find in the last week of the month - need to plan better. If memory serves, next month will also see DH's multiple motor bike insurance hit the account. So much for saving. It feels like I am just ticking along at the moment.

    I am off to do my work expenses and see if that helps!
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • WannabeFree
    • By WannabeFree 25th Mar 18, 11:04 AM
    • 1,534 Posts
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    WannabeFree
    Ticking along is still good! Better than going backwards

    x
    “Once you hit rock bottom, that's where you perfectly stand; That's your chance of restarting, but restarting the right way.”
    • Karmacat
    • By Karmacat 25th Mar 18, 11:44 AM
    • 29,202 Posts
    • 166,781 Thanks
    Karmacat
    Absolutely, ticking along by being able to such big one-offs is brilliant.
    Retired August 2016
    • Suffolk lass
    • By Suffolk lass 25th Mar 18, 4:56 PM
    • 1,971 Posts
    • 20,617 Thanks
    Suffolk lass
    Six weeks of expenses and thanks to bad weather and having to use my home phone (that only has a weekends and evening calls package) and having to use my car twice my expenses are humungous. Well worth 3 hours of my Sunday. I really hope my authorising person is around on Monday so I have them in time for the holidays. Having had to shift money around I am fairly sure I have 13.77 left in my bank account until Thursday. Not even a coffee or an Easter Egg will be purchased now.
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 25th Mar 18, 4:58 PM
    • 1,971 Posts
    • 20,617 Thanks
    Suffolk lass
    My lovely neighbour (on his own) has jumped at my suggestion that we swap freezers. We have a small three drawer under the counter job and he has a full-size upright freezer. So much space!!!

    I must not hoard food
    I must not hoard food
    I must hoard food
    I must hoard
    I must
    I, er, what was it again?
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 30th Mar 18, 7:47 AM
    • 1,971 Posts
    • 20,617 Thanks
    Suffolk lass
    End of March 2018 Update
    DEBTS
    This month saw some of our cash pot eroded because I paid the House buildings and contents insurance which was over £1200 (we live in a thatched cottage) and ordered £1000 of euros (not thinking the cash would go out of the CA with the order doh!). Knowing my lenses are on the credit card bill to come out in April (with my £600+ season ticket for March), it had to be done.

    The £700 I squirrelled away was gone in one fell swoop. And my ISA has lost £500 in stock market reset that is why we are in it for the long term.

    So all just ticking along with nothing sparkly to report this month.


    Mortgage £110,621 75,502.65 (£35,118.35 paid so far)
    Barclays 0% Finance for double glazing £8,755.54 £2,785.86 (£5,969.68)
    DH's car - paid off on 21st Aug 17 £3,476 £0 (£3,476) all finished!

    Total £122,852.54 £78,288.51 - that is £44,564.03 or 36.27% paid off so far.


    SAVINGS
    £10,906.66 Emergency pot
    £12,037.73 S&S ISA with Fidelity International (original £10,000 some years ago, no further capital added)
    £7,321.20 DH's S&S ISA (with Charles Stanley Direct]
    £3,155.32 2 year Bond with Skipton BS @ 4% Finishes 31 Jan 2018 - This will be used to reduce the mortgage! all finished
    £11,330.58 7 year bond with Skipton BS - matures Oct 20
    £38,630.43 £41,596.57 Total actual cashable savings

    Shortfall -£36,691.94 (all debts)
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 30th Mar 18, 7:55 AM
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    • 20,617 Thanks
    Suffolk lass
    The next really big spend will be our summer holiday so I need to save a bit more in the cash pot for that, but I really want to pay the mortgage down a bit more, just to get it in the £74,000s. Council Tax and Prescription pre-payment kick back in this month. We do seem to be spending lots more. I will try to squeeze more out of the housekeeping.

    I need to look again at mobile phones as ours are almost out of contract (May) and basically falling apart (cracked, crappy batteries, cases splitting, deals dreadful). It is always so traumatic, porting things across.
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 12th Apr 18, 6:18 PM
    • 1,971 Posts
    • 20,617 Thanks
    Suffolk lass
    Trust me to think ahead. DH's car is in "limp mode". It is at the second garage. The first (our usual non-dealership local garage who are great and significantly cheaper) replaced a couple of engine coil packs but that has not fixed it and the Honda dealership could (or would) not tell them the engine diagnostic codes. So it went to the dealership last night. Apparently there is contaminated fuel that is causing mis-fires. Not enough to completely screw the engine or to suggest he dispensed the wrong fuel. Just enough to prove the garage swapped the tank and it must have been really low when he filled up. It needs to be removed, evaluated, flushed, cleaned and replaced. At least £360. Not happy. Not happy at all.
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • redofromstart
    • By redofromstart 12th Apr 18, 8:14 PM
    • 1,681 Posts
    • 10,093 Thanks
    redofromstart
    oh no suffolk, hope that fixes it.
    • Cherryfudge
    • By Cherryfudge 14th Apr 18, 12:06 AM
    • 1,706 Posts
    • 9,191 Thanks
    Cherryfudge
    Sorry to hear about all these expenses. I know it's very disheartening that the £700 went, but it was doing its job, that's what squirreling away is for. You will build it up again and you don't have to find that money to cover expenses now.

    Hope the car is better soon.
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • Suffolk lass
    • By Suffolk lass 14th Apr 18, 4:25 PM
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    Suffolk lass
    Well the car is fixed and our lovely local garage refused to take any money from us - so just the £342 at the dealership. They may check to see if it is tank cleaner or diesel but it is done whatever, and DH paid as a click transaction so no receipt to helpfully tell me if it was his error (let us assume not) or the garage, and no means to claim... bleaugh

    Housekeeping going OK this month but lots of things like deodorant were on offer so I bought 6 - £1 each instead of £2.20 and they don't go off. Same with toilet paper and shower gel so stores spend higher than I hoped
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 14th Apr 18, 4:27 PM
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    • 20,617 Thanks
    Suffolk lass
    Sorry to hear about all these expenses. I know it's very disheartening that the £700 went, but it was doing its job, that's what squirreling away is for. You will build it up again and you don't have to find that money to cover expenses now.

    Hope the car is better soon.
    Originally posted by Cherryfudge
    You are right. It is all about having those little contingency spaces here and there.

    I have just been into my betting account (that sounds terrible - I set it up nearly 20 years ago for the Grand National and it is rarely used) and there is £84 in there so I have put a few E/W bets on for this afternoon. Fingers crossed!
    Last edited by Suffolk lass; 14-04-2018 at 5:08 PM.
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Karmacat
    • By Karmacat 14th Apr 18, 4:53 PM
    • 29,202 Posts
    • 166,781 Thanks
    Karmacat
    Good luck with the betting! I actually went into a betting shop one time, to place a bet of 50p ... there were 5 of us doing the same thing, and I'm sure betting shops are used to it.

    I don't even know if the race has finished right now hope you got a good result!
    Retired August 2016
    • Suffolk lass
    • By Suffolk lass 14th Apr 18, 5:09 PM
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    Suffolk lass
    Thanks KC, wouldn't that be something to win a couple of hundred towards the car bill! - I think the race is at 17.15 so just off to watch, and hope the horses are all OK as the ground is pretty heavy
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 14th Apr 18, 7:17 PM
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    Suffolk lass
    Two horses placed. I won £22 but I placed bets for other family members (gave is a better word) and ended up £20 down. Better than £44 down though!
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 15th Apr 18, 10:08 PM
    • 1,971 Posts
    • 20,617 Thanks
    Suffolk lass
    Well, who knew? - I was in the process of contacting the Pre-Payment Prescription Certificate people to query why I don't have my new one and the DD had not gone out yet and I thought I should just check - hell they are free from age 60 in England! So there is something nice about growing old after all!
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Karmacat
    • By Karmacat 16th Apr 18, 10:44 AM
    • 29,202 Posts
    • 166,781 Thanks
    Karmacat
    Isn't it odd! I only just learned that in time myself, had to have some dental work done just after I turned 60 Sounds like it might be quite a saving for you if you've needed to have a Pre Payment going on.
    Retired August 2016
    • Suffolk lass
    • By Suffolk lass 19th Apr 18, 5:38 AM
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    • 20,617 Thanks
    Suffolk lass
    Yes, I have five items on a monthly prescription plus another one I can call off as needed, so I have had the monthly one for years. The joys of my immune system means I get hay fever in spring and leaf-mould rhinitis in autumn and early winter!
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 21st Apr 18, 8:38 AM
    • 1,971 Posts
    • 20,617 Thanks
    Suffolk lass
    Hooray, confirmation that they are free now!

    Money is looking dire with nearly a week until DH is paid and over a week for me (30th).

    It is slightly irritating as one of the people we were in Scotland with has not paid me but I have paid everyone else. So I am a couple of hundred down at the moment. I think I will text him and ask him to pay into a different account to jog his memory.
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save £12k in 2018 #53 - after March 19.96% £1,996.19/£10,000 5.04% behind
    OS Grocery Challenge 2018 spent £721.33/£3,000 including stores so far 24.04% of my annual budget at the end of April
    My DFD is here
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