A plan, a budget & a good life

Tradcob · 16 November 2017 at 1:46PM

Hello everyone,

My partner and I have just sold our first house we are moving in with parents whilst we find our ‘forever home’…. Which we may just have found! It is more money than we had ideally wanted to spend, but is achievable on our salaries, and with the deposit we have, if we make a few tweaks to our lives.

So, I thought I would start this diary to keep track of our spending, and keep me in the MSE frame of mind!

So, a bit of background, There is just myself and my OH currently, we enjoy the outdoors, walking, cycling etc. but also are very happy at home with a good book/ film. We have 2 cats who love to cause mischief whenever possible. And the plan of starting a family at some point in the near (ish) future.

We have recently got engaged, but are not planning a wedding until we are settled in our new home (I don’t think either of us will want a big fuss anyway- so when I start planning and panicking on here, please remind me of this!)

I know I’m probably starting this mortgage free thinking before we’ve even bought the place, but is it ever too early to start thinking budgets and planning for the future?

Tradcob · 16 November 2017 at 1:52PM

got a meeting with the mortgage man tomorrow (to ensure I've done my workings out correctly) so fingers crossed that when we leave the meeting we'll be calling the estate agent up to make the offer on our potential new home!!!!
after that we'll be taking the cats to a cattery (they sadly cant come with us whilst we are at parent as they have other cats and both pairs wont mix) i'll miss them so much, but fingers crossed it wont be for too long before we're bringing them home.
Then the moving process really starts! we have the kitchen to pack up still, and a few bits from our bedroom, but other than that I think we're organised. The removal man comes on Saturday morning, and we'll be taking most of our stuff to storage. Then we'll be cleaning the house ready for the new owners and then moving in with the parents!
I'm tired already! haha

Its all go go go this weekend!

wish me luck!

Former_MSE_Andrea · 16 November 2017 at 1:53PM

Never too early in my mind. Well done!

And good luck!

fiona100 · 16 November 2017 at 2:00PM

Wow, Caught a diary on the opening few posts..

You sound like a super focussed couple, so do you mind if I come along for some inspiration?

Cheers Fiona

Tradcob · 16 November 2017 at 10:16PM

Hi fiona, of course, tag along to what will be a crazy journey im sure!
Hi andrea, thanks for ths well wishes!
Im going to have a nosey at some other diaries tonight for some inspiration, i do enjoy hearing how far others have come, it really makes you appreciate that we're all just trying to do our best

Fingers crossed for the mortgage chat tommorrow!!!

getmore4less · 17 November 2017 at 6:11AM

Tradcob wrote: »

Hello everyone,
..........
I know I’m probably starting this mortgage free thinking before we’ve even bought the place, but is it ever too early to start thinking budgets and planning for the future?

Best to start thinking about how to clear the debt before you commit to it.

Draw up a SOA based on living in the new place and start living on it now.

Make sure it has at least 5 years worth of other savings included(like the wedding) and if planning the family probably best to do at least a 10 year projection with maternity included.

for this sort of scenario I find MSMoney(free) a great tool as it has all the planning and reporting of cashflows built in

Tradcob · 17 November 2017 at 8:52PM

Well, its been a busy day!
Work this morning, then mortgage meeting which went well. We put an offer in on our dream house which we think they might just accept... if we're lucky... but its the highest we are going to go, fingers crossed on that?!
Took the cats to the cattery, girl cat decided to make me feel very guilty by hissing at the lady... and me... boy cat had a nosey round and seemed ok. At least they have each other, hopefully they will settle quickly.
We moved our picnic bench, and have finished off the only food in the house (bacon, beans & toast).
Now it's time to do some more packing and try and not obsess about the offer we've put in!

HOL82 · 17 November 2017 at 10:16PM

I’m a newbie on here too and also planning early so definitely nothing wrong with it!! We are moving next month, we haven’t extended our mortgage as much as we could have but the house needs lots of work and we are over 35k short on what we need for the work. We deliberately didn’t put it on the mortgage to force us to save it.

Enjoy the planned move and the wedding planning (got married in August, it’s the best feeling so enjoy). Will follow your post keenly as a fellow newbie!

HOL
x

shangaijimmy · 17 November 2017 at 10:28PM

So exciting...when do you find about the offer?

Tradcob · 18 November 2017 at 10:20PM

Offer accepted!!!!!

Oh my goodness I'm so excited!!! I cant even describe!

I got the call as our removal man was here and we were half way through the drama that is moving stuff into storage.

Soory its only a short update, but can honestly say i have never been so tired, so many emotions in one day!!

Tradcob · 20 November 2017 at 9:16PM

Wow! So, i have just sat down after 3 days packed with moving of stuff to storage, and into our temp accommodation as well as rubbish to the tip and cleaning.... lots of cleaning! Im exhausted, but pleased to say that the house looks great for the new owners. We are just settling in but should be comfortable until we move into our new house!

A plan, a budget & a good life

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