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  • FIRST POST
    • Tradcob
    • By Tradcob 16th Nov 17, 12:46 PM
    • 92Posts
    • 202Thanks
    Tradcob
    A plan, a budget & a good life
    • #1
    • 16th Nov 17, 12:46 PM
    A plan, a budget & a good life 16th Nov 17 at 12:46 PM
    Hello everyone,

    My partner and I have just sold our first house we are moving in with parents whilst we find our Ďforever homeíÖ. 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 donít 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 Iím probably starting this mortgage free thinking before weíve even bought the place, but is it ever too early to start thinking budgets and planning for the future?
Page 3
    • Tradcob
    • By Tradcob 9th Feb 18, 3:55 PM
    • 92 Posts
    • 202 Thanks
    Tradcob
    Hi LadyGnome, the cats do seem to like the house, they can get up quite some speed whilst chasing each other around. Just waiting for some nicer weather and then i'll have to be brave and let them outside to explore, i must admit to being a little nervous about it as i dont want then getting lost!
    • Cariad71
    • By Cariad71 9th Feb 18, 4:51 PM
    • 163 Posts
    • 150 Thanks
    Cariad71
    Hi Tradcob,
    Just wanted to say I've read all of your diary and I'll be following your journey. Hope you'll be very happy in your new home.
    Starting balance £173,000 (Sept 2012) interest only so if we do nothing We will owe this at the end of the term!!!128513;!!!128513;
    Balance as of Sept 2014 £165,803
    Balance as of Feb 2015 £163,360
    Balance end of July 2015 £159,050
    Balance as of Jan 2017.... £138,033
    • Tradcob
    • By Tradcob 9th Feb 18, 6:41 PM
    • 92 Posts
    • 202 Thanks
    Tradcob
    Thankyou Cariad, first mortgage payment is due next week, first step to the very long paying off journey!!! !!!55357;!!!56834;
    • Tradcob
    • By Tradcob 9th Feb 18, 6:43 PM
    • 92 Posts
    • 202 Thanks
    Tradcob
    Not quite sure what is going on with all of those numbers in my previous replys, i certainly didnt type them, must be gremlins haha
    • Cariad71
    • By Cariad71 9th Feb 18, 7:17 PM
    • 163 Posts
    • 150 Thanks
    Cariad71
    How much is the mortgage overall? I think the numbers may be emojis?
    Starting balance £173,000 (Sept 2012) interest only so if we do nothing We will owe this at the end of the term!!!128513;!!!128513;
    Balance as of Sept 2014 £165,803
    Balance as of Feb 2015 £163,360
    Balance end of July 2015 £159,050
    Balance as of Jan 2017.... £138,033
    • Tradcob
    • By Tradcob 16th Feb 18, 12:03 PM
    • 92 Posts
    • 202 Thanks
    Tradcob
    The first Mortgage payment came out today, I expect the first payments of bills to all start coming out over the next few days, so I'll be updating my spread sheet to make sure everything is all as expected.
    We'll be getting the sofa delivered tomorrow that we ordered before we moved in, so it'll be lovely to have that room sorted. and means no more furniture spending needed!
    Going to go food shopping tonight and stock up on some essentials, but other than that I shouldn't need to spend any money this weekend- yey!!!


    We've been having a look at Wedding planning too- I thought we had found somewhere perfect but when we went to check it out they are not renewing their marriage licence- which is annoying! We are not wanting anything too big or fancy- just a relaxed day, ideally with the ceremony and reception at the same location. ah well.... we'll keep looking!
    • List Maker
    • By List Maker 16th Feb 18, 12:38 PM
    • 56 Posts
    • 84 Thanks
    List Maker
    Hey!
    Sounds like you have a lot figured out already.
    Something that I have seen on MSE Forums, that I am going to start doing next month in anticipation to starting a family within the next 2 years is to put those specific savings into Premium Bonds. The reasoning being that you have to apply to withdraw them (takes around 7 days), so can almost use it as a monthly income for when you are on maternity. Obviously you are not getting any interest on it, and slim chances of a win. But in my head I would rather have them there rather than in a linked savings that is too easily accessed.
    I have done some spreadsheet workings with OH salary, Mat Pay, PB savings at £200 pm and our monthly figure looks more than do-able!
    HOUSE DEPOSIT - £6,720.50/£42,000
    Future Mat Savings - £100/£2,800
    Debt Free since July 2016
    SPC #585
    • Tradcob
    • By Tradcob 15th Mar 18, 12:22 PM
    • 92 Posts
    • 202 Thanks
    Tradcob
    Hi all!

    Whoops, I!!!8217;ve not updated in a while! I did type out a long response to your post List maker, but unfortunately it wouldn!!!8217;t post at the time and I had a strop at the forum!!!8230;. I!!!8217;m over that now hahaha!

    Well, we!!!8217;ve been in our house for over a month now, so have starting getting the first bills in. and the money saving has been ticking along nicely
    We have had a water meter installed and the smart meter for the gas/ electric is booked in


    We have now pretty much finished with furnishing the house, again just useful bits to pick up as and when, nothing urgent!


    Both my partner and I have sold some shares we had, so those have gone straight in the Wedding fund along with a bit of a bonus from work J which I am happy to report is up to £4500, so definitely getting there!!


    Unfortunately not been able to get any extra hours in at work as I!!!8217;ve been feeling poorly over the past couple of weeks, but on the mend now I think.


    I!!!8217;ve topped up on supplies for the cats which I think should see us through the rest of March and April, I!!!8217;ve been trying to stock up on other essentials for the kitchen/ bathroom- wondering if switching to laundry powder instead of tablets might be the way to go, but I guess I!!!8217;ll make my mind up about that when I!!!8217;ve used up what we have.


    Looking forward to a dry weather weekend as I really want to get out in the garden and have my friend popping over as well, so that will be lovely!
    • Cinny91
    • By Cinny91 15th Mar 18, 4:02 PM
    • 5,878 Posts
    • 25,162 Thanks
    Cinny91
    Loved catching up on your diary and wanted to wish you good luck!
    Mortgage July 2017 £125,000.00 ē Mortgage April 2018 £121,040.38
    3.17% paid
    May Loan Payoff Savings: £7200.00/7562.55
    • selloptape
    • By selloptape 15th Mar 18, 9:41 PM
    • 457 Posts
    • 1,881 Thanks
    selloptape
    Wedding fund is nearly there - well done! Hope you find a lovely venue soon
    GC May £235.52/£290 GC April £240.65/£300March £322.53/£350
    £2 Savers Club #59 £58
    MFW 2018 #49 £600/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • Tradcob
    • By Tradcob 20th Apr 18, 1:33 PM
    • 92 Posts
    • 202 Thanks
    Tradcob
    April Update
    Hello!

    So an update from myself.

    We have paid the deposit for the wedding and are half way there in terms of savings- Iím pretty proud of that!

    Savings pot (Maternity savings) is now at £3166- I Tilly tidy into this account and am finding that Iíve got more available at the end of the month than expected- so its growing nicely!

    Iíve made an extra payment to the student loan as I would love to get this gone for good- I think it should be about £3500 left to pay but I want to confirm that with the student loan company (that should be fun?!). this is the only Ďdebtí that either myself or my OH have apart from the mortgage so I want it GONE for good!

    Iíll have some more shares available to sell at the beginning of July, so need to have a think about which pot they will go into.

    Jobs list that will take up some of the spare cash in the next month:

    Getting the trees in our garden trimmed- they are a bit wild!!! No idea how much this will be, but need to ask for quotes

    Stock the freezer up with meat- we have officially eaten everything from our last stock up and I do like knowing that we have meat available- it makes skipping shopping/ just getting the basics so much easier as we know that weíll have things in for tea.

    Other than that its business as usual! Saving cash and allocating it to the right pot!!!

    Have a wonderful weekend everyone!!!






    • JasonLong33
    • By JasonLong33 20th Apr 18, 6:16 PM
    • 4 Posts
    • 3 Thanks
    JasonLong33
    That sounds like you are really serious about this and have a great plan to do it. I don't know if I could be so focused. It seems things always come up and get in the way of a long term plan like that for me. I guess I just need to stick with the plan.
    • Tradcob
    • By Tradcob 20th Apr 18, 8:20 PM
    • 92 Posts
    • 202 Thanks
    Tradcob
    Hi Jason, nice of you to say hello !!!55357;!!!56832; i guess I keep motivated because Im working towards something i really want, I hope i can keep the motivation high for a number of years because... well once the wedding is over, and we start a family our outgoings will probably increase (as to be expected with little ones) but added to that our mortgage is rather large ( ok i'll admit it is currently just less than £310k... god thats scary to write down!), we love our home though so it'll be worth it, but getting the mortgage down will be the next goal, lots of motivation required for a long time! I love reading diaries on here though, especially the ones that have been going for years, you get to see peoples hard work paying off as those numbers reduce.... fabulous!!! !!!55357;!!!56832;
    • Tradcob
    • By Tradcob 20th Apr 18, 8:21 PM
    • 92 Posts
    • 202 Thanks
    Tradcob
    Oh and i need to remember to stop putting emojis in my posts to avoid all the !!!!! and numbers haha
    • Tradcob
    • By Tradcob 23rd May 18, 12:38 PM
    • 92 Posts
    • 202 Thanks
    Tradcob
    May Update
    Dear Diary,

    What a hectic month itís been!

    Wedding savings- 100% achieved (thanks to the remainder of inheritance received full budget saved!). Weíre still looking online for a photographer and to be honest the sooner we get that sorted the better, as I think itís a chunk of money that Iíd just like to have allocated.
    Mat savings- Iím 40% there, (£3225/8000) I tilly tidy my other accounts into this one, share money will go in there too and once the student loan is clear that money will be diverted into this pot as well
    Student loan- I think itís about £3000 & as Iíve said before I want this out of the way! So Iím currently sending overpayments to get it shifted sooner.

    On a day by day basis, I think I could try harder with making lunches and bringing in to work, I think Iím achieving possibly 50% of the time, so I can improve that. On other items I think Iím doing well, my monthly spreadsheet tallies up and I can account for everything, I do think that Iíll need to buy some new vest tops soon though as the ones I have are old and tatty- they are an everyday item- so use as a base layer in winter as well as using for summer, so I donít mind having to refresh them every now and then, maybe Iíll go and get some new ones just before we go away for the weekend at the end of June.

    Itís the OH birthday in July so will be spending for that, but at least this time I know what he wants (heís usually very hard to buy for!)

    Back to work! And hoping for an early finish to go and enjoy the sunshine!!!
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