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    • Suffolk lass
    • By Suffolk lass 28th Jan 17, 12:18 PM
    • 3,571Posts
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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
    Save £12k in 2019 - #68 £9.396.36/£7,000 134.23% total
    Save £12k in 2020 - #20
    OS Grocery Challenge 2020 target £0/£3k 0% so far
    Mortgage Free Wannabes 2020 #37
    MFIT T5 No 2 £42,188/£59,998 or 70.32% paid after Q3
    My DFD is here
Page 55
    • Karmacat
    • By Karmacat 16th Dec 19, 2:37 PM
    • 32,904 Posts
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    Karmacat
    But you're right, you can't change things for them what you can do is be open about how *you* live your life, maybe? Some of it, anyway - extra money, bargaining down utilities. Hard when you suspect DS has SAD though, sympathies to him on that.
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
    • Suffolk lass
    • By Suffolk lass 19th Dec 19, 3:37 AM
    • 3,571 Posts
    • 30,967 Thanks
    Suffolk lass
    I had a delivery yesterday morning at 09.00 of three tons of aggregate. I already had the membrane and tent-peg things to hold that in place so I made a start on levelling the front garden we have identified for additional parking. I was joined at 12.00 by my neighbour to level the sand (by eye and plank) and we had that done by 12.30, when my cousin arrived to help. We laid and pinned the membrane and having asked them both to help I thought, heck, let's just do it - so we shifted two more tons of shingle and by 13.30 it was all done! - A slightly stiff back during the evening (I reckon I did about half the shifting as I did the first ton on my own) and a hot shower before bed!

    Apart from being awake at 03.00 all is well and I am not even stiff!

    DH was over at the farm, still working on our van's seams - he was amazed it was all done when he got home.

    I have run out of aggregate now but I think I would like to strengthen where the hard wear areas are so I have ordered a bit of gravel mat and I'm going to go for some more shingle to make it all deeper and then I think we will park the van at that end of the house, even though the electric hook up is the other end. I will over-order on the 20mm bigger stuff. Although it is too big to fit the gravel mat it is much better for not getting in the tread of shoes and I could happily spread on my paths where the 10mm stuff has moved around and got a bit thin.

    In due course I will get the electrician out to remedy that as I will want a low-voltage heater in my new greenhouse and that means new cables and an outdoor consumer unit I think.
    Save £12k in 2019 - #68 £9.396.36/£7,000 134.23% total
    Save £12k in 2020 - #20
    OS Grocery Challenge 2020 target £0/£3k 0% so far
    Mortgage Free Wannabes 2020 #37
    MFIT T5 No 2 £42,188/£59,998 or 70.32% paid after Q3
    My DFD is here
    • Karmacat
    • By Karmacat 19th Dec 19, 10:26 AM
    • 32,904 Posts
    • 194,631 Thanks
    Karmacat
    Thats astonishing! Congratulations - did your OH think he'd got the wrong house, that must all look *so* different!
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
    • Lemon Tree
    • By Lemon Tree 19th Dec 19, 12:44 PM
    • 9,608 Posts
    • 31,926 Thanks
    Lemon Tree
    Wow what a difference you must have made, especially nice when you know you've surprised someone with just how much you've got done, and what a sense of achievement.
    • Suffolk lass
    • By Suffolk lass 20th Dec 19, 7:12 AM
    • 3,571 Posts
    • 30,967 Thanks
    Suffolk lass
    Thanks both, it is only 5.5m x7.5m area but it does look quite smart. Meanwhile DH has been continuing with the seams on the van - we are doing the lot - not just the ones that are obviously expiring.

    Yesterday I drove to Peterborough (allowed 2.5 hours) and found to my delight that a section of the new road on the two main roads has opened early. It meant I was a bit early but so was my Mum's train from Scotland. I had her home about 40 minutes earlier than expected. Lots to do today - I really must put some indoor lights up (I usually have DS to help me with this!) - I might message him to ask him to help me.
    Save £12k in 2019 - #68 £9.396.36/£7,000 134.23% total
    Save £12k in 2020 - #20
    OS Grocery Challenge 2020 target £0/£3k 0% so far
    Mortgage Free Wannabes 2020 #37
    MFIT T5 No 2 £42,188/£59,998 or 70.32% paid after Q3
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 20th Dec 19, 11:44 AM
    • 3,571 Posts
    • 30,967 Thanks
    Suffolk lass
    I know quite a few people will be having a look around to see what others do to increase their money. So I thought I might look to report some of our bits and pieces)

    Selling stuff
    I am personally awful at selling things but I am always a candidate for it. In my plans for 2020 I intend selling at least two tents.

    Regular Saver cash accounts
    We have three that we set up when I stopped work. All 5% on £250 a month with final payment in January. I will research whether there are any 5% Regular saver accounts still on offer in time for when mine mature in early February.

    Bank accounts
    I have three bank accounts at the moment (DH has two jointly with me and another of his own. I know we get £4 plus some transaction money (0.80 for November) every month on our joint Coop account, and I get £3.66 a month for keeping £1500 in TSB (various other obligations). The third of mine gives me access to a regular saver at 5% for paying in £250 a month - I can see this drops to 2.75% for this bank when this one matures. It could be time to shuffle things around.

    S&S ISAs
    We each have one with CSD as the web-platform (more in a moment), and I have an older bundled fund with Frizzell. I put £10k into the Frizzell one about 8 years ago and I'm aware they moved it to a different fund in the last year or two. It has slowly increased and today I received a statement saying I have paid them £237.92 for the year to November - split as Service Fee, Ongoing Charge figures and Ongoing transaction costs. My money just sits there, under their complete management. I has increased over the years to just under £13,500 with their levy meaning my growth figure has been 8.72% but would have been 10.76% without their charges of just over 2%.

    The CSD ISA I have is entirely my choice of investments and I have not taken an independent or tied financial adviser's input. I have read the money section of the Times in part on most Saturdays and occasionally (wet Sundays) the Business and Money Sunday Times supplement.

    I have not changed my choices since I opened the account with £20k in February. I can't quite see what a year's costs and charges have been but my current balance on Tuesday was £22,172.52 - so it has done quite well so far. I think it is a bit high risk for a person not working but I am using it to learn. If anyone is interested I could report what I have in there.

    DH also has a CSD but that is a whole other story. He has three major losses in his account - He had £3000 in the recently closed Woodford fund and this is showing a loss of over £1100 so far (we are expecting that to double before we get our money back). He also has Fevertree shares that have dipped in capital value since purchase and is paying a fairly miserable dividend of less than 1%. The same with Smurfit Kappa. His portfolio is showing a modest increase overall, thanks to some evening out. In both the share cases, we have elected to hold on - maybe these are for the long-term. It was very much a case of naive timing and buying where they were at or near their highest value. The good news is that the cash part of this ISA has increased to over £2000 with dividends. As so much is about the timing of when these packages of shares are bought I don't think it would help to give details of individual share holdings, but he currently has 7 funds and 9 separate equity holdings. I do look for good dividend payers and try not to worry so much about the capital value as we are not looking to sell currently or in the foreseeable future.

    There is some other stuff I could talk about but not sure if this is of interest to anybody so I will stop there. Feel free to ask questions or for more but otherwise I might meander back to my Christmas preparations in the chatter on here.
    Save £12k in 2019 - #68 £9.396.36/£7,000 134.23% total
    Save £12k in 2020 - #20
    OS Grocery Challenge 2020 target £0/£3k 0% so far
    Mortgage Free Wannabes 2020 #37
    MFIT T5 No 2 £42,188/£59,998 or 70.32% paid after Q3
    My DFD is here
    • Busy Mee1
    • By Busy Mee1 20th Dec 19, 2:15 PM
    • 1,014 Posts
    • 5,262 Thanks
    Busy Mee1
    Oo wanders in for a catch up just at the right time. I am very interested in all of this SuffolkLass.

    I am going to be looking at ways to make the most of our mortgage money over the next 4 years. Unfortunately I am a complete and utter wimp when it comes to risk and I have only one small S&S, the rest of our money is in cash ISAs or regular savers I am beginning to wonder whether I should get some proper financial advice. I am going to be plotting and planning over Christmas.

    Impressed with your hard graft on the drive SL....no need for expensive gyms for you.
    • Karmacat
    • By Karmacat 20th Dec 19, 4:02 PM
    • 32,904 Posts
    • 194,631 Thanks
    Karmacat
    Thanks for posting that, SL, I agree with Busy Mee, its a good un. January will be finance month for me in any case: English accounts, French accounts, my first set of regular savers will have expired, and I haven't added up money since I got back from the Russian cruise.
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
    • Suffolk lass
    • By Suffolk lass 28th Dec 19, 9:08 PM
    • 3,571 Posts
    • 30,967 Thanks
    Suffolk lass
    I am going to join the 20 for 20 challenge this year so I think I will record mine here too
    1. Complete 20 Sunday Times recommended walks
    2. Divide 20 Herbaceous plants
    3. Grow 20 different fruit or vegetables
    4. 20 Acts of kindness to others
    5. Help Son 20 times
    6. Lose 20 pounds in weight
    7. Combined Savings and mortgage of £20k
    8. Read 20 books
    9. Attend 20 social events
    10. Eat 20 Veggie meals/month
    11. Clean bathroom 20 times (properly!)
    12. 20 other (proper deep) cleaning jobs
    13. 20 weeding sessions
    14. 20 local walks from home
    15. Visit 20 new places
    16. Donate 20 times to charity/foodbank
    17. Speak to 20 new people
    18. Use our van 20 times
    19. Meet up with 20 different friends
    20. Try 20 new things
    Save £12k in 2019 - #68 £9.396.36/£7,000 134.23% total
    Save £12k in 2020 - #20
    OS Grocery Challenge 2020 target £0/£3k 0% so far
    Mortgage Free Wannabes 2020 #37
    MFIT T5 No 2 £42,188/£59,998 or 70.32% paid after Q3
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 14th Jan 20, 9:18 AM
    • 3,571 Posts
    • 30,967 Thanks
    Suffolk lass
    I am going to join the 20 for 20 challenge this year so I think I will record mine here too
    1. Complete 20 Sunday Times recommended walks
    2. Divide 20 Herbaceous plants
    3. Grow 20 different fruit or vegetables some different seeds have arrived but too early to plant them yet
    4. 20 Acts of kindness to others (1/20)
    5. Help Son 20 times (1/20)
    6. Lose 20 pounds in weight (about 4)
    7. Combined Savings and mortgage of £20k
    8. Read 20 books (2 books delivered - will start today)
    9. Attend 20 social events (met a friend for a walk and lunch yesterday - 3 years since we last met!)
    10. Eat 20 Veggie meals/month (lost count)
    11. Clean bathroom 20 times (properly!) 1/20
    12. 20 other (proper deep) cleaning jobs
    13. 20 weeding sessions
    14. 20 local walks from home
    15. Visit 20 new places (Country Park 1/20)
    16. Donate 20 times to charity/foodbank
    17. Speak to 20 new people
    18. Use our van 20 times
    19. Meet up with 20 different friends (1/20 met my dear friend for 1st time in 3 years)
    20. Try 20 new things
    Originally posted by Suffolk lass
    Quick update so I don't lose track
    Save £12k in 2019 - #68 £9.396.36/£7,000 134.23% total
    Save £12k in 2020 - #20
    OS Grocery Challenge 2020 target £0/£3k 0% so far
    Mortgage Free Wannabes 2020 #37
    MFIT T5 No 2 £42,188/£59,998 or 70.32% paid after Q3
    My DFD is here
    • Suffolk lass
    • By Suffolk lass 14th Jan 20, 9:20 AM
    • 3,571 Posts
    • 30,967 Thanks
    Suffolk lass
    Been a bit MIA on this diary as I have a fair bit going on. I will come back but not feeling it at the moment (other worries)
    Save £12k in 2019 - #68 £9.396.36/£7,000 134.23% total
    Save £12k in 2020 - #20
    OS Grocery Challenge 2020 target £0/£3k 0% so far
    Mortgage Free Wannabes 2020 #37
    MFIT T5 No 2 £42,188/£59,998 or 70.32% paid after Q3
    My DFD is here
    • Busy Mee1
    • By Busy Mee1 14th Jan 20, 8:41 PM
    • 1,014 Posts
    • 5,262 Thanks
    Busy Mee1
    Sorry to hear that SL and I know that sometimes when life is hard it is difficult to put into words. In my experience worries do eventually resolve, but it is horrible when you are in the midst of it. Sending big hugs x
    • Karmacat
    • By Karmacat 14th Jan 20, 9:00 PM
    • 32,904 Posts
    • 194,631 Thanks
    Karmacat
    Thinking of you, SL, hope all is going as well as it can.
    Downsized and paid off mortgage 2010
    Retired August 2016
    Paid off French mortgage September 2018
    New kitchen fully installed June 2019
    • greent
    • By greent 19th Jan 20, 6:48 PM
    • 8,343 Posts
    • 84,641 Thanks
    greent
    Also hope all is going as well as it can.

    Have read your diary from the start over the past week - love a binge read!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786 12/19 £48986 2020 OPs (#18) £450/5K
    Net sales 2020 £12.16/£500 Decluttering: 275/2020
    • trix-a-belle
    • By trix-a-belle 20th Jan 20, 12:41 PM
    • 1,030 Posts
    • 5,009 Thanks
    trix-a-belle
    thinking of you x
    (I pulled out yet more ground elder in my garden this weekend, I will beat it into submission! I hope you're getting on top of your infestation also)
    - Mortgage: 1st one down, 2nd: £114800 £73k
    - Student Loan: £ 7100 0!
    Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps
    MFiT-T5 knocking down the mortgage to be freeee
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