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  • FIRST POST
    • Cherryfudge
    • By Cherryfudge 3rd Mar 17, 12:10 AM
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    Cherryfudge
    Cherry takes the reins
    • #1
    • 3rd Mar 17, 12:10 AM
    Cherry takes the reins 3rd Mar 17 at 12:10 AM
    Hi everyone.

    I'm hoping I can legitimately post a diary here as I'm in the blessed position at the moment of my only actual debt being my mortgage, but I've had a huge change in my circumstances recently and how I manage it will have a big impact on our finances.

    I need to talk things through, if only with myself, and motivate myself with small money savings and accountability. For the last few years I've not kept an eye on money but I work and DH's pay has gone up so we've had enough and a bit to spare and I've got lazy with some and wasn't mentally able to face other aspects. Now that I'm in a much better place mentally, I want to take the reins and be deliberate about what I spend. I need to start facing up to this right now because we are covering costs for my Mum's estate until probate is settled. I know this isn't legally necessary but we can pay ourselves back from the estate once the paperwork goes through and I don't like the estate to be building up debt (which oddly is possible).

    A bit late tonight to launch into details about the estate so I will give a brief explanation of other financial stuff. DH and I have a couple of joint accounts and a mortgage. We have an aging car which needs to be replaced soon and is essential (DH's work and transport for a disabled relative). We are also going to a family wedding abroad in July, and have paid accommodation and air fares but there will also be car hire, food, sundries and some of the clothes still to buy. DH's income is the larger and pays all the utilities, holidays, fuel and etceteras. Mine goes into the other joint account and pays the mortgage and food, which gives me a lot of pride . I also pay for contact lenses, some donations which I don't want to stop, my phone contract and, temporarily, costs incurred trying to sort Mum's estate.

    The breakdown of where my money goes (pcm):
    Mortgage: 282.24
    Donations: 120.00
    Contact lenses: 22.00
    Phone 8.40
    Amazon Prime: 7.99
    Food for 4 adults 80.00 (pw) (approx. 347 pm)

    Income:
    Roughly 1,000 pcm (variable due to overtime)
    Bank £3 (if I get my wages transferred regularly)

    This month and possibly next I have lots of extra fairly hefty outgoings in terms of travel, paying a cleaner, insurance etc. that are all to do with Mum's estate. I will, as I said, get these back from my eventual inheritance but meanwhile I want to tread carefully and of course it will decrease what I inherit. Duh.

    To encourage myself I'm keeping this diary and would love to hear from others as I do so. I can't always see things clearly till others give input.

    Action I can see I need to take:
    Get my wages paid directly into this account so I always get that £3! Done in time for May 2017
    Cancel Amazon Prime - cancelled 7/3/17

    Little MS things I've managed today:
    Started this diary
    Taken lunch to work - overnight oats
    Mended a favourite cardigan so I can wear it in daylight
    Put myself down for 3 extra shifts. 2 of these particular type of shifts pay for a journey to work on Mum's house.

    Uh-ohs
    Forgot DH had an evening meeting so went for the quick-cook supermarket pizza which isn't best use of food money when I could have been using stuff up.
    Far too tired after a late night and an early shift, to go for a run. I know that's nothing to do with money but for lent and my waistline I'm doing C25K.
    Last edited by Cherryfudge; 31-05-2017 at 10:21 PM. Reason: Update
Page 39
    • moneyonmymindsam
    • By moneyonmymindsam 10th Mar 18, 10:49 PM
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    moneyonmymindsam
    I have read some of your diary and this time last year you

    Found 5p down the sofa !! I loved your enthusiasm there. it really made me smile so thank you for being you.

    Hope your weekend is a good one.

    Sam x
    Emergency Fund Challenge
    • Cherryfudge
    • By Cherryfudge 10th Mar 18, 11:22 PM
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    Cherryfudge
    I have read some of your diary and this time last year you

    Found 5p down the sofa !! I loved your enthusiasm there. it really made me smile so thank you for being you.

    Hope your weekend is a good one.

    Sam x
    Originally posted by moneyonmymindsam
    Thank you Sam! *goes off to ransack sofa again*

    Pretty good day at work again today! i know I would complain if I spent all my time on the computers but this evening I typed up a massive component of a file and sent in my January / February timesheets. Phew! So glad to have those out of the way.

    I've sent an oats photo in to the Qu@ker competion but it's not the best picture, though the recipe, invented this lunchtime, was definitely a keeper. There are lots of nice-looking recipes on there so perhaps, just perhaps, I won't be the winner, but at least I've tried.

    I also spent £1.80 on the garden: a stall on the market was selling pots of glorious winter aconite. My husband insists they are buttercups so I've told him they come back as buttercups in summer...

    A few groceries bought, but instead of our Saturday chips we have eaten soup from the freezer and it was yummy. It seemed like a good idea all round with having eaten out such a lot this week and having no freezer space.

    I've tried to talk DH into changing bank accounts but he insists he is emotionally attached to a particular bank as the account goes back years. I've explained he can keep the account, just move the main business elsewhere, so now I'd better leave it alone to sink in. I thought I was all genned up myself about where to move my bank account but when I looked it up I can see I'm going to have to think further.

    So many things on the financial To Do list, some of which have been there at least since last summer: work out what to do about AVCs once the mortgage is paid off, get a better current account, get a better savings account, chase up possible missing pensions details, get my very old pension linked to my current one... that's all I can think of for now. Oh, find the bank log in that I lost last week and pay the milk bill, then search the sofa for 5p pieces.
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • Cherryfudge
    • By Cherryfudge 10th Mar 18, 11:37 PM
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    Cherryfudge
    Something I forgot but which is very satisfying, though not really relevant:

    This diary is supposed to be about my earnings, the joint account I pay my wages into and dealing with my Mum's estate. We have another joint account where DH's money goes in. Mine pays the mortgage and household bills and his pays nearly everything else: council tax, travel, holidays, bills etc. We arranged a while ago that at the end of the month whatever is left from his pay will be skimmed off and shared between general savings and our holiday fund. This month rather a lot (by our standards) went into both!

    I know that may not be the case from hereon in, but it somehow makes me feels we're getting somewhere with the finances, even though my pension is still miniscule.
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • moneyonmymindsam
    • By moneyonmymindsam 10th Mar 18, 11:52 PM
    • 1,406 Posts
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    moneyonmymindsam
    You are doing just great and i can see from your diary you are a lovely person and no amount of finance can by that :-)
    Emergency Fund Challenge
    • Cherryfudge
    • By Cherryfudge 11th Mar 18, 1:05 AM
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    Cherryfudge
    Aw shucks That's such a nice thing to say! Thank you.

    Don't stay up all night reading diaries, will you? Get yourself some rest... I must too
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • charlies tribe
    • By charlies tribe 11th Mar 18, 11:18 AM
    • 760 Posts
    • 5,574 Thanks
    charlies tribe
    Morning. Good luck with the competition!

    We've looked at banks too and i still have no idea where to move it to. We already have 3 different ones so don't think i have much more choice.

    Good luck with that 5p, maybe it's multiplied over time. Well done on the savings, it's a great feeling when things are going in the right direction.
    LBM in April 17 - £6655/£33554 (19.8%) paid.
    2018 PAID OFF TARGET £1031/£5000 (20.6% paid)
    SPC #591
    • Onebrokelady
    • By Onebrokelady 11th Mar 18, 9:12 PM
    • 362 Posts
    • 978 Thanks
    Onebrokelady
    And I thought it was only me who had an emotional attachment to their bank,Ive been with my banks since I was 18 and Im 54 now,it was a wrench to leave and go to another bank but I had to,I felt guilty like I was dumping an old friend,I have given myself a good talking to as my old bank wouldnt have cared about my situation and charged me money at the drop of a hat so now I think its just business at the end of the day
    Just keep swimming
    Original Debt Owed Jan 18 = £17,630 Paid To Date = £636.00 Total Now Owed = £16,994
    Emergency Fund = £400.00 Xmas savings = £200.00
    • Onebrokelady
    • By Onebrokelady 11th Mar 18, 9:15 PM
    • 362 Posts
    • 978 Thanks
    Onebrokelady
    Oops meant to say I just opened an account with Nationwide as I have my mortgage with them, they seem ok so far
    Just keep swimming
    Original Debt Owed Jan 18 = £17,630 Paid To Date = £636.00 Total Now Owed = £16,994
    Emergency Fund = £400.00 Xmas savings = £200.00
    • Cherryfudge
    • By Cherryfudge 11th Mar 18, 9:52 PM
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    • 9,159 Thanks
    Cherryfudge
    Today's financial progress is somewhat unusual especially in the light of the remembered 5p. I found another... in the guinea pig's cage! It's tempting to suppose it was his secret stash but I suspect DH dropped it when handing over the carrot trimmings. Anyway the guinea pig hasn't missed it yet so it's gone in DH's change dish.

    We had a lovely walk this afternoon - a few miles through woods on the warmest day so far. I'm pretty sure this really is spring, at last! Most of the family was round for dinner this evening (DS2 was at work) and DD baked two lovely cakes, most of which are now in our cupboard. That may well be MS as DH likes to buy the occasional pastry with his lunch. I also put the remains of today's vegetable ragu in the freezer for a work meal sometime. Freezer space really doesn't last long.

    Nothing spent today.
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • 117pauline
    • By 117pauline 11th Mar 18, 11:28 PM
    • 649 Posts
    • 7,230 Thanks
    117pauline
    Hi Cherry

    Thanks for popping by to check how I am doing. I am doing OK but not quite as well as I'd hoped.

    I agree with the above comment about you being a kind person. That is exactly what I feel too, although I may have to change my opinion after reading that you pinched 5p from the guinea pig - I mean, how could you? He might be saving for his own escape plan and now he will have to start all over again.

    And 5p pieces? I hate them. They get into the places coins shouldn't be which is annoying when you are trying to record exactly what you have spent. OK rant over.

    I think our parents were loyal to their banks but that was when the local bank manager actually knew you and made judgements on the person not just the numbers. When loyalty paid dividends to both sides. I can't understand why institutions don't realise that consumers now want to feel valued and showing loyalty to them is the first step for us to start trusting them again.

    Have a good week, take care honey
    Pauline
    Don't get it perfect - Get it going
    Better Than Before
    • Honeysucklelou2
    • By Honeysucklelou2 12th Mar 18, 3:14 AM
    • 830 Posts
    • 3,317 Thanks
    Honeysucklelou2
    Just catching up on reading your diary...Happy belated birthday.

    Is your work able to supply you with encrypted USB sticks so that you can save work, only you can access, then files can be worked on at home and at your place of work?
    paydbx #93 £692/£8,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3123 in Jan 18
    • Cherryfudge
    • By Cherryfudge 12th Mar 18, 10:44 PM
    • 1,701 Posts
    • 9,159 Thanks
    Cherryfudge
    you pinched 5p from the guinea pig - I mean, how could you? He might be saving for his own escape plan and now he will have to start all over again.
    Originally posted by 117pauline
    I now have a picture in my mind of the guinea pig with a bundle on his shoulder, seeking his fortune and glancing back over his shoulder to be sure I'm not following.

    Is your work able to supply you with encrypted USB sticks so that you can save work, only you can access, then files can be worked on at home and at your place of work?
    That would be helpful and I don't think they've even thought of it, but in this case I'm transcribing from hard copies that I can't take out of the building. The organisation has decided to standardise records across the board so there's a lot of old stuff to read, then new forms to fill in. However, the good news is that I've completed another one today, as well as giving some advice on pay claims to a colleague who I suspect has lost income because no one told her she was supposed to claim for this, that and the other. It's a good feeling to pass on knowledge that could help someone. Not such a good feeling is the knowledge that the system fails its employees because there isn't a systematic way of passing on the intricacies of knowledge for non-standard jobs.

    Anyway, I haven't spent anything today which is nice. I probably will tomorrow as it's my day off and there's a piano lesson for which I haven't practised.
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • Cherryfudge
    • By Cherryfudge 14th Mar 18, 12:53 AM
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    • 9,159 Thanks
    Cherryfudge
    A quick post as it's late and I've an early shift tomorrow.

    I've decided to go back to recording my spending on daily posts: I was losing details with having to go back to the beginning of the week.

    13th Spends:
    Housekeeping £19.09
    Piano lesson £10.00
    MS stuff:
    Nothing out of the ordinary
    Confession time:
    Used shop-bought yogurt when I still have lots of home made, just because I like the shop stuff better.
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • Cherryfudge
    • By Cherryfudge 14th Mar 18, 9:21 PM
    • 1,701 Posts
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    Cherryfudge
    Another NSD and a little bit of money saving... our gas boiler went off and it turned out the pressure dial was showing low pressure. I thought I knew what to do but the little blue lever mentioned in the instructions and familiar from the new boiler at the other house just wasn't there. Bless him, the man who installed the system talked me through it by text and we now have a working boiler again! And he hasn't mentioned a charge either - perhaps an evening at home is too precious and he's hoping I can pass the knowledge on to the family?

    I was thinking about skills of the hands: my education and a lot of society values intellect but I really think my hands are intelligent too! I love to learn skills, especially ones that have passed down the generations. They give me a sense of standing alongside past generations who would have had to fend for themselves in many areas where we now expect to call in a specialist. It's often a money saver too. Our ancestors knew a lot that we don't...

    Spends:
    NSD
    MS stuff:
    Too tired to go anywhere near shops
    Got the pressure back on the boiler, saving call-out fee.
    Got a few 'must do' jobs done at work, making me that much nearer to getting my increment at the beginning of the next financial year.
    Last edited by Cherryfudge; 14-03-2018 at 9:23 PM.
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • Cherryfudge
    • By Cherryfudge 15th Mar 18, 2:58 PM
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    Cherryfudge
    The dentist fitted me in on a cancellation: it turns out I have indeed chipped a tooth so that's £85 for a filling but hopefully will save the tooth and a whole lot of pain (I let one wait for my appointment once and lost the tooth, then had to pay vast amounts to replace it with a crown). Anyway I'm now at the peculiarly numb stage.

    Today is a day off trying to use up my annual leave before the financial year runs out. I can tell I'm in a very procrastinating mood today (and it's grey, cold and damp, which doesn't help) so I need a list to motivate me.
    1. pay dental charges off credit card - done by 4.30 update
    2. find password for bank account - done by 4.30
    3. clean out fridge
    4. clean out guinea pig - done this evening
    5. sort one box of Mum's books
    6. tidy kitchen - done in time for tea
    7. do piano practice
    8. complete one of my refresher courses online
    9. check/reconcile last week's spending

    Spends:
    Dentist/medical £85.00
    Housekeeping £8.78
    Toiletries £1.75
    MS stuff:
    Veggies on offer
    Realised I can use chickpeas rather than buy a separate protein ingredient for tonight's tea.
    Confession time:
    I could probably have bought the baby oil more cheaply: I just didn't feel like trawling round the shops.
    Last edited by Cherryfudge; 15-03-2018 at 9:04 PM.
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • WannabeFree
    • By WannabeFree 15th Mar 18, 4:34 PM
    • 1,534 Posts
    • 13,218 Thanks
    WannabeFree
    Just catching up .. I missed your Birthday Sorry x
    “Once you hit rock bottom, that's where you perfectly stand; That's your chance of restarting, but restarting the right way.”
    • Cherryfudge
    • By Cherryfudge 15th Mar 18, 4:35 PM
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    Cherryfudge
    Don't worry W... I will do cake and coffee just for you. (Well... me too ).

    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • Cherryfudge
    • By Cherryfudge 15th Mar 18, 11:49 PM
    • 1,701 Posts
    • 9,159 Thanks
    Cherryfudge
    Sometimes doing money saving things leads to spending more... I went to put a button on DH's winter coat and on closer inspection found it really needs to be replaced. So does mine! So the button is back and a pocket is repaired but new coats are definitely needed... going to have a look online.
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • Cherryfudge
    • By Cherryfudge 16th Mar 18, 9:30 AM
    • 1,701 Posts
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    Cherryfudge
    Dh agrees with me about the need for new coats so we may go shopping tomorrow.

    I tried looking on line last night and found a really nice one but it's £69, whereas there are quite nice ones for about £25 elsewhere. I need something presentable for really cold weather, but I would rather go around in a jumper even if other people have coats, scarves, gloves, hat, skis... so do I spend more on something I really like but won't wear everyday and hope it doesn't take too much valuable storage space, or do I get something I'm not as keen on (which will still take storage)? I'm not used to spending much on clothing (most of my life I've had mostly 2nd hand and sales) so cost is getting in the way of my thinking, though at the moment I could afford it. Decisions...
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • NoOneAround
    • By NoOneAround 16th Mar 18, 10:01 AM
    • 1,735 Posts
    • 8,426 Thanks
    NoOneAround
    Hi Cheery, I thought I would wait to catch up with diaries before posting but have decided it will take too long - Just skimmed last few posts - Happy Belated Birthday! Any cake left for me?

    Go for the nice coat. I have been looking for one for about 4 years and keep putting it off. I have a very nice italian one in cream, bought in Rome, which I have worn about 5 times in 30 years, hasn't seen light of day for last 10, you can't wear it in wet weather as you get splatters on it and its dry clean only. Very glam and warm and posh, only looks good with heels and silk stockings not very at all.
    NOA
    x
    Feb2014 Total unsecured debt £72,520>>01/06/16 £68166>01/02/17 £66,600=8.18%PAID
    Mortgage Jan14=209,800 Jan15=£200,300 Jan17£180,700>OCT17 £170,200
    Health/Fitness Challenges Priority#1 Stay Fit and healthy - whatever it takes
    Wombling Free Cash May2016 £51
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