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  • FIRST POST
    • edinburgher
    • By edinburgher 30th Oct 17, 5:22 PM
    • 11,202Posts
    • 60,135Thanks
    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 45
    • edinburgher
    • By edinburgher 26th Jun 18, 8:42 AM
    • 11,202 Posts
    • 60,135 Thanks
    edinburgher
    Thanks Both

    @SL - all of the cards are on 0% offers, but are due to be moved at the beginning of May 2019. Unfortunately my new MSE Credit Club report will be generated today, but I'm sure I'll see the benefit next month.
    • themadvix
    • By themadvix 26th Jun 18, 8:46 AM
    • 1,920 Posts
    • 11,084 Thanks
    themadvix
    That's great progress Ed - can see why you'd feel much happier now!
    OPs 2018 = 2090
    Moving savings = 3085
    OPs 2017 = 3103
    Starting balance 2012: 132000; balance Jul 2018: 91,552
    MFW2018 no. 38
    • edinburgher
    • By edinburgher 28th Jun 18, 9:06 PM
    • 11,202 Posts
    • 60,135 Thanks
    edinburgher
    The world is frickin' melting!

    Have bought a sprinkler for 5.99, the simplest garden tool I have ever used
    • A Frayed Knot
    • By A Frayed Knot 29th Jun 18, 12:21 AM
    • 2,473 Posts
    • 10,937 Thanks
    A Frayed Knot
    The world is frickin' melting!

    Have bought a sprinkler for 5.99, the simplest garden tool I have ever used
    Originally posted by edinburgher
    Don't worry, it's to be much cooler tomorrow - 25 degrees instead of our sweltering 31.6 degrees we had today
    Always have 00.00 at the end of your mortgage and one day it will all be 0's
    Target 14 months 10/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • Debsnewbudget
    • By Debsnewbudget 29th Jun 18, 7:51 AM
    • 268 Posts
    • 2,499 Thanks
    Debsnewbudget
    Enjoy running in and out of the sprinkler with dd
    My two still remember doing that with their grandad over 20 years later
    • Suffolk lass
    • By Suffolk lass 29th Jun 18, 9:17 AM
    • 2,077 Posts
    • 21,806 Thanks
    Suffolk lass
    Every time you make a random reference to another bit of gardening equipment I have a little involuntary chuckle as I recall your post that railed against gardening in general and yours in particular. Happy days with a sprinkler over here too!
    MFiT T4 #2 update 94.29% after Q10 ahead of where I should be
    Save 12k in 2018 #53 - after August 78.83% 7,883.47/10,000
    OS Grocery Challenge 2018 spent 1,530.09/3,000 including stores 51% of my annual budget at the end of August.
    My DFD is here
    • shangaijimmy
    • By shangaijimmy 29th Jun 18, 9:36 AM
    • 2,782 Posts
    • 13,889 Thanks
    shangaijimmy
    Our garden was awash last night with water pistols, water balloons and these splat bombs from a catapult! Needless to say the dog wasn't impressed!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction 44,136.86
    Aug 2009: 163,051 // Current: 91,863.15 // Avg Daily Interest 4.13
    MFiT-T4 #8 - 80.74% of 41,000
    • edinburgher
    • By edinburgher 29th Jun 18, 10:42 AM
    • 11,202 Posts
    • 60,135 Thanks
    edinburgher
    Every time you make a random reference to another bit of gardening equipment I have a little involuntary chuckle as I recall your post that railed against gardening in general and yours in particular. Happy days with a sprinkler over here too!
    Originally posted by Suffolk lass
    Luckily I have found that a little bit of regular gardening avoids the horrendous full day jobs that I had to complete when we moved here!
    • edinburgher
    • By edinburgher 2nd Jul 18, 3:09 PM
    • 11,202 Posts
    • 60,135 Thanks
    edinburgher
    I am a silly billy. Went into unauthorised overdrafts on both of my current accounts because I paid my whole wage off a CC and forgot that all of my DDs would come off the day before I next get paid

    Hey ho - Mrs E bailed us out and it will be back to normal tomorrow.
    • Suffolk lass
    • By Suffolk lass 3rd Jul 18, 7:04 AM
    • 2,077 Posts
    • 21,806 Thanks
    Suffolk lass
    I did something similar when I ordered euros, thinking I would have been paid by the time I collected them. It did not cross my mind that the payment would go with the order!
    MFiT T4 #2 update 94.29% after Q10 ahead of where I should be
    Save 12k in 2018 #53 - after August 78.83% 7,883.47/10,000
    OS Grocery Challenge 2018 spent 1,530.09/3,000 including stores 51% of my annual budget at the end of August.
    My DFD is here
    • edinburgher
    • By edinburgher 3rd Jul 18, 9:39 AM
    • 11,202 Posts
    • 60,135 Thanks
    edinburgher
    Good to know that these things happen to other people too

    The first payday of the month has arrived (woohoo), shuffling has commenced and God's in his heaven

    This month actually sees quite a bit of financial news:
    • DD moves to her LA nursery next month and because fees for her current nursery are paid in advance, I already have a sufficient balance to pay for these. I've put my vouchers down from 220/4 weeks to 1/4 weeks. While this sounds like quite a change, I think it works out at roughly 130 more salary (after the effects of tax, NI and student loan). Still, that's an 8% pay rise
    • Our mortgage lender has updated our valuation using HPI. This takes us to c. 212,000. Good news as we paid 215,000 and I think they're probably lowballing by tens of thousands. More importantly, it dropped our LTV by 5% overnight (now at 80%)
    • I completed another referral for RateSetter (well two actually, but no idea who the second one was for)! The money from these has made its way to my account, it all helps
    • June was a low point in terms of spending restraint for 2018 and it was still miles underneath the trendline for our spreadsheet that tracks spending since 2015
    • A couple of regular CC payments have taken me down to under 49% credit utilisation
    Last edited by edinburgher; 03-07-2018 at 9:46 AM.
    • VDOT47
    • By VDOT47 3rd Jul 18, 12:07 PM
    • 157 Posts
    • 498 Thanks
    VDOT47
    Well done Edinburgher - sounds like a very good month!


    My childcare vouchers take 124 net out of my salary each month (to get the full amount of vouchers). We should start getting free hours for our DD in January, so I have also now factored that reduced expense into future budgets!
    Original Mortgage (Feb '17) 269,995
    Current Mortgage (03/09/18) 242,217
    End Date June 2040 Original End Date February 2042
    • edinburgher
    • By edinburgher 3rd Jul 18, 1:04 PM
    • 11,202 Posts
    • 60,135 Thanks
    edinburgher
    Thanks VDOT47, it is the first time our expenses have reduced after having a child! We can remortgage to a hopefully lower rate in 2020, but other than that and small pay increases, we don't receive much good news on that front.
    • beanielou
    • By beanielou 3rd Jul 18, 8:13 PM
    • 56,796 Posts
    • 231,031 Thanks
    beanielou
    Good news on being under 50% CC utilisation
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • edinburgher
    • By edinburgher 5th Jul 18, 2:12 PM
    • 11,202 Posts
    • 60,135 Thanks
    edinburgher
    Burning MFW question - how do you draw the roof of an Excel house for a house spreadsheet?
    • edinburgher
    • By edinburgher 5th Jul 18, 9:48 PM
    • 11,202 Posts
    • 60,135 Thanks
    edinburgher
    The end of another exciting week!

    I have a job interview for a promoted post. Trying not to get overly excited as there are 10 applicants, but a) I'm qualified and b) it would be a good fit for me. I have 6 weeks to prepare, so plenty of time to study. It's a great opportunity, would add 25% to my salary over the next 3-4 years

    Have been grocery shopping this evening and had a bit of an epiphany as regards fancypants shopping. While organic hippy produce is all well and good, I have negative 19,000. I don't think it's wise to continue to place my principles above the fact that I've basically spent my wages for the next year already Will continue to buy organic milk and eggs in the immediate term, but will revert to free range meat and regular veggies etc. Choice is for people with spare money

    Spent 14.98 of not strictly necessary money on a solar lantern and fairy lights for the garden. This is the best summer we've had of the 3 since we've moved in and I will not deprive Mrs E of a nice outdoor space for the sake of less than twenty quid! My priorities are my family, I'll do my best by the planet, but I can't do it all all the time.
    • Suffolk lass
    • By Suffolk lass 6th Jul 18, 6:18 AM
    • 2,077 Posts
    • 21,806 Thanks
    Suffolk lass
    I made those choices too Ed - organic milk also because I don't have many antibiotics I can take any more so milk with these in is not part of this household. I try to get eggs from my lovely neighbour who has a flock in the woods - not sure if they are organic but they are lovely and compare for price with Morries 12 large F/R. I know these are F/R as I hear them...
    MFiT T4 #2 update 94.29% after Q10 ahead of where I should be
    Save 12k in 2018 #53 - after August 78.83% 7,883.47/10,000
    OS Grocery Challenge 2018 spent 1,530.09/3,000 including stores 51% of my annual budget at the end of August.
    My DFD is here
    • CathT
    • By CathT 6th Jul 18, 7:24 AM
    • 5,708 Posts
    • 39,874 Thanks
    CathT
    We personally found those milestones of childcare savings life changing. Enjoy that extra money in your account.

    Just referring back to one of your earlier posts, We too feel like we probably indulge our children with our time, however when you feel that was lacking in your own childhood, it seems hard not to parent that way. I guess we will find the balance.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • edinburgher
    • By edinburgher 6th Jul 18, 7:56 AM
    • 11,202 Posts
    • 60,135 Thanks
    edinburgher
    I made those choices too Ed - organic milk also because I don't have many antibiotics I can take any more so milk with these in is not part of this household. I try to get eggs from my lovely neighbour who has a flock in the woods - not sure if they are organic but they are lovely and compare for price with Morries 12 large F/R. I know these are F/R as I hear them...
    Originally posted by Suffolk lass
    I used to have an "egg lady" at work who kept chickens, ducks and geese. I doubt she was making any profit, but the eggs were great! Antibiotic resistance is one of the great worries of our time - every dose DD gets has me grimacing

    We personally found those milestones of childcare savings life changing. Enjoy that extra money in your account.

    Just referring back to one of your earlier posts, We too feel like we probably indulge our children with our time, however when you feel that was lacking in your own childhood, it seems hard not to parent that way. I guess we will find the balance.
    Originally posted by CathT
    Thanks CathT - we'll put it to good use. Pay down the debts, then fund a slightly more balanced (and fun) budget while building up a decent emergency fund. We are lucky in that our pension provision is going great guns and now I'm back in the LGPS, that particular worry is gently sleeping.

    We're trying to be a bit less indulgent with DD. The fantastic weather of late has been a Godsend - she's perfectly happy to play in her old paddling pool in the garden with Mum and Dad with no new stuff, a little "picnic" (lunch at the garden table) and perhaps a 5p ice pole
    • SuperSecretSquirrel
    • By SuperSecretSquirrel 6th Jul 18, 8:50 AM
    • 705 Posts
    • 3,137 Thanks
    SuperSecretSquirrel
    Burning MFW question - how do you draw the roof of an Excel house for a house spreadsheet?
    Originally posted by edinburgher
    Go back a few pages in my diary for an example of a spreadsheet house with a very jagged south american pyramid style roof

    Mtg [2013 64k|2014 51k|2015 38k|2016 26k|2017 14k] Zero!
    MN [2013-25k|2014-2k|2015+16k|2016+34k|2017+52k] +56,615.31(MFiT4:+60k)
    NW [2013 126k|2014 156k|2015 190k|2016 228k|2017 269k] 278,659.39 (2020:300k)
    FI [2013 -1.2%|2014 2.8%|2015 6.9%|2016 13%|2017 18%] 30.9% (exc SP)
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