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  • FIRST POST
    • edinburgher
    • By edinburgher 30th Oct 17, 5:22 PM
    • 11,124Posts
    • 59,725Thanks
    edinburgher
    The Edcawber Principle
    • #1
    • 30th Oct 17, 5:22 PM
    The Edcawber Principle 30th Oct 17 at 5:22 PM
    I think I promised a new and improved positive diary earlier on in the summer

    I'll try my best to keep it short and sweet, (unlike my credit card statements). Cutting a long story short, after renovating the house and an accidental car purchase (hey, it could've been a house!) we are probably better candidates for DFW

    We're now left with a much more relaxing house (we just finished our bedroom), a new car and 20,000 in credit card debt

    The new job goes fairly well, all things considered and our budget is starting to balance on a month-to-month basis. Basically I've said yes to everything, which is lovely, but immature. Mrs E realises the lie of the land and is supporting efforts to get back on an even keel. I'm eb@ying, saving cashback and making overpayments every Monday.

    DD and Mrs E are doing fabby, DD is the apple of our eye and remains chatty, affectionate and madcap
Page 29
    • edinburgher
    • By edinburgher 8th Mar 18, 1:51 PM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    Eager_Elephant - that sounds a bit rubbish - I think your DD was quite unlucky (at least according to the NHS)! Another 02:30 wake up for DD, I have worn a groove into the couch

    31.69 paid off a CC - FIT payment has arrived.

    I am scunnered with work - thank God there's only a few hours to go
    • edinburgher
    • By edinburgher 9th Mar 18, 1:28 PM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    Awww nuts! The council have announced they're putting up CT by 3% for the next 3 years

    0.18 paid off a CC.

    DD seems to be getting over the hump of whatever she had (still unsure if it was chicken pox as she has literally 2 scabbed spots). Despite the hard work, I am so glad to be out of the office and back in her good(ish) books. Lord is she clingy!

    Spreadsheets updated (skint, but paid next Tuesday). Clearsc0re credit report has regained all the points lost last month

    If, like me, you find the Frugalw0ods blog to be nauseating, the comments on this Guardian article are hilarious!
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 9th Mar 18, 1:52 PM
    • 1,335 Posts
    • 6,211 Thanks
    wishingthemortgaheaway
    3% you've got off lightly there. More like 5% here.
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • edinburgher
    • By edinburgher 9th Mar 18, 4:18 PM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    Could be worse, we could have an 800+ mortgage payment as well... Oh, wait!
    • Karmacat
    • By Karmacat 9th Mar 18, 5:01 PM
    • 29,221 Posts
    • 167,006 Thanks
    Karmacat
    I haven't read the comments on the Frugalwoods Guardian article yet ... oh joy

    I'm glad DD is properly on the mend, Ed.
    Retired August 2016
    • SuperSecretSquirrel
    • By SuperSecretSquirrel 10th Mar 18, 8:12 AM
    • 683 Posts
    • 3,055 Thanks
    SuperSecretSquirrel
    If, like me, you find the Frugalw0ods blog to be nauseating, the comments on this Guardian article are hilarious!
    Originally posted by edinburgher
    I've not read their blog for months, maybe years, but I'll pop back there later when I get a minute

    A good proportion of the comments I read are from the internet retirement police railing against them for not being retired. Thing is, I don't see any mention of being retired in the book excerpt, just the headline and sub headline, both of which will have been written by Guardian staffers, not the author.

    Bait and switch clickbait headline, get the clicks, enrage readers when they don't receive what they expected, receive rewards in the form of comments/engagement and viral sharing of page if all goes well. Seems the guardian is no better than any other outlet.

    Mtg [2013 64k|2014 51k|2015 38k|2016 26k|2017 14k] Zero!
    MN [2013-25k|2014-2k|2015+16k|2016+34k|2017+52k] +55,209.85 (MFiT4:+60k)
    NW [2013 126k|2014 156k|2015 190k|2016 228k|2017 269k] 274,532.45 (2020:300k)
    FI [2013 -1.2%|2014 2.8%|2015 6.9%|2016 13%|2017 18%] 30.0% (exc SP)
    • edinburgher
    • By edinburgher 10th Mar 18, 8:25 AM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    I think that's just the internet SSS

    I mostly liked the (entirely fair) comments that they're smug gits
    • SuperSecretSquirrel
    • By SuperSecretSquirrel 10th Mar 18, 9:09 AM
    • 683 Posts
    • 3,055 Thanks
    SuperSecretSquirrel
    I would absolutely be the smuggiest of smuggy smug gits if I were in their position

    Mtg [2013 64k|2014 51k|2015 38k|2016 26k|2017 14k] Zero!
    MN [2013-25k|2014-2k|2015+16k|2016+34k|2017+52k] +55,209.85 (MFiT4:+60k)
    NW [2013 126k|2014 156k|2015 190k|2016 228k|2017 269k] 274,532.45 (2020:300k)
    FI [2013 -1.2%|2014 2.8%|2015 6.9%|2016 13%|2017 18%] 30.0% (exc SP)
    • badmemory
    • By badmemory 10th Mar 18, 9:18 AM
    • 1,628 Posts
    • 2,168 Thanks
    badmemory
    I stopped reading when she said started to say please & thank you. I thought they were both supposed to be well brought up!
    • edinburgher
    • By edinburgher 10th Mar 18, 9:20 AM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    1.10 paid off a CC (recycled some Am@zon vouchers to buy button cell batteries to replace the dud ones in a colour changing purple ghost)

    I like that DD has turned throwaway Halloween tat gifted by some of our friends into a regular nightlight/toy
    • Karmacat
    • By Karmacat 10th Mar 18, 10:39 AM
    • 29,221 Posts
    • 167,006 Thanks
    Karmacat
    I like that DD has turned throwaway Halloween tat gifted by some of our friends into a regular nightlight/toy
    Originally posted by edinburgher
    She likes what she likes win-win.
    Retired August 2016
    • edinburgher
    • By edinburgher 10th Mar 18, 11:33 AM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    KC, I have never met someone who knows their own mind quite like DD, she makes me look moderate and open to change
    • Suffolk lass
    • By Suffolk lass 10th Mar 18, 6:17 PM
    • 1,985 Posts
    • 20,711 Thanks
    Suffolk lass
    I think that's just the internet SSS

    I mostly liked the (entirely fair) comments that they're smug gits
    Originally posted by edinburgher
    I just had a read of the first page or two of comments and was about to use that exact phrase
    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
    • edinburgher
    • By edinburgher 10th Mar 18, 8:02 PM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    SL - were you aware that our fave wine producer now does a sparkling one? Something like a sparkling picpoul de penet, would try it but it's as expensive as cheap champagne
    • Suffolk lass
    • By Suffolk lass 11th Mar 18, 8:03 AM
    • 1,985 Posts
    • 20,711 Thanks
    Suffolk lass
    SL - were you aware that our fave wine producer now does a sparkling one? Something like a sparkling picpoul de penet, would try it but it's as expensive as cheap champagne
    Originally posted by edinburgher
    Ooh! thanks, I will keep an eye open for that. I just did a quick scoot round "My Supermarket" to see if anyone there is stocking it but sadly not yet. We live in a small Village so don't really have the choice of wine merchants you do in a City. There is an Adnams Wine Shop in the nearby town though (well, it is a Suffolk Brewery). I don't know how much discretion they have but I might ask.

    I did try a more generic search and not sure if you are aware (and I know there are few of these in Glasgow) Waitress stock his Sauv Blanc (on offer 6.74 atm) and his Reserve Languedoc Blanc at 9.39. I've just received my JL vouchers (40 thanks to my season tickets and Son's holiday) so I might go and try these or Sainsbobs do his Elegant Frog Viognier for 7.50. They all get 5* reviews.

    We opened a lovely bottle of Douro (Quinta Do Crasto 2014 Reserva) last night. I definitely recommend this, if you can find it - again, I bought it on offer but the upper end of what I would pay and definitely a bit of a special occasion wine. Delicious 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
    • edinburgher
    • By edinburgher 12th Mar 18, 9:01 AM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    Good tips SL - that Portugese one sounds lovely - not a country whose wine we have experimented with all that much to date

    Another sleepless night, another Monday, think that just about sums things up?

    207.22 paid off a CC and I am inching closer to 60% credit utilisation. By my estimate, another 8 weeks and banks will consider me as a maybe for future BT. At the same time, our 'actual' debt (debt vs. savings) has crept up by 500 or so over the last couple of months. As I've been watching the expenditure like a hawk (with the exception of Mother's Day), I'm wondering if the obvious answer is the likely one and that I've just been making too many little payments (TTs and the like) as a result of my desire to see the needle shift?

    It's quite likely than I'm still paying faster than is strictly sensible, with a regular payment every Monday as well as any identified savings on payday being sent over as a separate payment. My reason for this was that I fear that the savings end up falling into a black hole of expenditure if I don't pay them towards a CC straight away

    Edit: I found a better explanation - I'd deleted a 1,200 savings account off my spreadsheets in error
    Last edited by edinburgher; 12-03-2018 at 9:07 AM.
    • edinburgher
    • By edinburgher 12th Mar 18, 9:46 AM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    I never realised - because of the way we do accounting today is the end of our financial year! Because the current spreadsheet is relatively new, I've only captured NW on it for the last 9 months, with an average increase of just over 2,300 a month.

    In real terms, that would mean 'Barista FI' in under 9.5 years (before I turned 45). Ok, so at the current rate we're not going to be retired by 40, but all signs are good for young 50s That would do fine, we're still trying to encourage the last parental laggards to cut the salary cord in their mid-60s.
    • gallygirl
    • By gallygirl 12th Mar 18, 10:01 AM
    • 16,590 Posts
    • 109,555 Thanks
    gallygirl
    At the same time, our 'actual' debt (debt vs. savings) has crept up by 500 or so over the last couple of months.
    Edit: I found a better explanation - I'd deleted a 1,200 savings account off my spreadsheets in error
    Originally posted by edinburgher
    So rather than 500 down you're 700 up - excellent error . (I may have noticed at the weekend that our 5k of Premium Bonds wasn't included in our net worth )


    In real terms, that would mean 'Barista FI' in under 9.5 years (before I turned 45). Ok, so at the current rate we're not going to be retired by 40, but all signs are good for young 50s That would do fine, we're still trying to encourage the last parental laggards to cut the salary cord in their mid-60s.
    Originally posted by edinburgher
    Great stuff, though I'd rethink the 'Barista' if I was you - the job is notorious for wrecking shoulders, arms & wrists
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = 0
    "Do what others won't early in life so you can do what others can't later in life"
    • edinburgher
    • By edinburgher 12th Mar 18, 11:31 AM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    Agreed - but 'part-time clerical make-work FI' just doesn't have the same ring to it

    With a little luck, I'm possibly being a little pessimistic in terms of timings, I haven't updated Mrs E's pension value in 6 months and my 2 DB pensions will be uprated for inflation in the next couple of months.
    • edinburgher
    • By edinburgher 12th Mar 18, 1:59 PM
    • 11,124 Posts
    • 59,725 Thanks
    edinburgher
    Sold a book on Am@zon - 20.63 paid off a CC.

    Thank you universe, I needed that
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