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  • FIRST POST
    • JAMIEDODGER
    • By JAMIEDODGER 28th Jan 18, 2:02 PM
    • 4,271Posts
    • 18,684Thanks
    JAMIEDODGER
    A little home to call my own
    • #1
    • 28th Jan 18, 2:02 PM
    A little home to call my own 28th Jan 18 at 2:02 PM
    Hi all, I hope no-one minds me starting a new thread on MFW

    A bit about me: I am a full-time working mum just approaching her 45th birthday (how did that happen?) I currently live in a housing association house with my four kids ages 13-21. One is moving out this year and another is planning to move out in 2020 (I am sure the rest will be following suit a few years later).

    I have no debt at all I am currently saving a fair whack per month, a big percentage of which goes straight in my pension. I have just started saving towards a house. I will never be able to afford to buy a house where I currently live (south coast - a tiny one bed flat here is 130k minimum) and so I am looking to move to a low cost of living area somewhere in the UK

    I am quite fortunate that I work in care and there are jobs everywhere so I am not forced to look in one particular area, so will be setting my sights on somewhere up north or perhaps Wales, not really sure as yet. I will be looking for a small 2 bed terraced house, not fussed about a garden as such, quite happy with a yard.

    Travel features pretty heavily in my future plans, so the potential to rent it out maybe while I do some slow travel could be on the cards too.

    My goal is pretty huge, for me anyway. I am going to aim to save 50000 within the next 6 years (45k, plus 5k fees/costs etc). This is to buy a house outright in cash, so effectively by-passing the mortgage completely (so instead of saving to get a mortgage, I will be saving to be mortgage free) I am not adverse to buying a fixer-upper as I have plenty of skills in that area, there is also the potential to buy at auction. This is my starting target, which I will adjust as necessary as time goes on (house price increases etc)

    The aim is to put away 625 (minimum) each month for the next 6 years by savvy spending and doing all the usual stuff (cashback, ebay, coupons, stoozing, grocery challenge and many more...) while still paying a decent amount into my pension.

    Once I have bought a place, then I will be chucking everything into my pension so I can retire as early as possible.

    The kids are all behind me on this, and those that are working have their own healthy pots of savings and dreams of their own Those that are not yet working still have savings too, and none of my kids has any debt, or any intention to get any (proud mum moment).

    So anyhoo, feel free to comment and follow my journey to a little home of my own as a mortgage free wanabee (just not in the conventional sense)

    JD x
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
Page 11
    • newgirly
    • By newgirly 8th Apr 18, 8:05 AM
    • 6,224 Posts
    • 42,988 Thanks
    newgirly
    Oh wow they are adorable!

    Glad the birthday went well and your ds enjoyed himself, perhaps he should get out searching at bootsales when the weather picks up for records, mine like doing that sometimes (as well as looking for ancient video games and consoles).

    Have a great Sunday with your new pup
    MFW 21
    Target for 2018 40k/9,626 paid so far

    Mortgage 39,159.44 -4yrs 2 mths left. Total owed 52,364 plan to clear in 14 months
    • beanielou
    • By beanielou 8th Apr 18, 11:12 AM
    • 52,817 Posts
    • 207,711 Thanks
    beanielou
    Happy Sunday.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 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.
    • JAMIEDODGER
    • By JAMIEDODGER 10th Apr 18, 5:42 AM
    • 4,271 Posts
    • 18,684 Thanks
    JAMIEDODGER
    Glad the birthday went well and your ds enjoyed himself, perhaps he should get out searching at bootsales when the weather picks up for records, mine like doing that sometimes (as well as looking for ancient video games and consoles).
    Originally posted by newgirly
    Great suggestion NG, thank you

    A small TT yesterday and today, a dividend paid and some FC ISA interest added this morning. Signature updated

    Out of freezer:

    1st - one bag of yorkies, small pack mini sausages
    2nd - one pack yorkies, pack pastry, raspberries, stewed apples
    3rd - one bag chicken breasts
    4th - one bag chicken breasts, 4 gammon steaks
    5th - half bag chips, pizza
    6th - one loaf bread
    7th - One whole chicken, one gammon joint, 4pts milk
    8th - One pack yorkies
    9th - 4pts Milk, one loaf bread, 2 packs sausages

    Still plugging away at using stuff up from freezer. There is now a noticeable gap in the chest freezer as I am gradually using up food that has been hanging around awhile. Off to London tomorrow so hope the kids don't wreak too much havoc with my well-crafted system

    DS3 is off to his carers tonight for a break away while I am in London, must get his stuff packed this afternoon. Millie has a grooming appointment this morning and I am taking the van to the garage this afternoon for the MOT/Service/New tyres, so a busy day for me. I own't be picking up the van until I get back from London.

    Washing already on, that will be the last load I do before I go away.

    Have a lovely day x
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • beanielou
    • By beanielou 10th Apr 18, 6:09 PM
    • 52,817 Posts
    • 207,711 Thanks
    beanielou
    Enjoy London
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 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.
    • JAMIEDODGER
    • By JAMIEDODGER 11th Apr 18, 4:33 AM
    • 4,271 Posts
    • 18,684 Thanks
    JAMIEDODGER
    Morning

    A small TT this morning and some more IF ISA interest. Sig updated.

    DS3 packed and sent to carers successfully, van at garage for MOT etc and dog groomed and smelling very undoglike I still have not packed for London and am leaving about 10.30 this morning so I do need to get a wriggle on. Unfortunately I woke up way too early this morning, so will be very tired tonight I expect!

    Have a lovely Wednesday everyone x
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • newgirly
    • By newgirly 11th Apr 18, 10:44 AM
    • 6,224 Posts
    • 42,988 Thanks
    newgirly
    Have a great time
    MFW 21
    Target for 2018 40k/9,626 paid so far

    Mortgage 39,159.44 -4yrs 2 mths left. Total owed 52,364 plan to clear in 14 months
    • JAMIEDODGER
    • By JAMIEDODGER 13th Apr 18, 6:15 PM
    • 4,271 Posts
    • 18,684 Thanks
    JAMIEDODGER
    Back from London Had a wonderful time, and surprisingly didn't spend too much money. About 100 overall

    Van back from garage, MOT passed, new tyres not needed for a few more months, partial service done. Friend of family so will get a bill eventually

    That is all my big expenses overwith for the month now. Obviously I will pay the car bill when I get it but it shouldn't be too much. Now I can crack on with saving more money

    I have done TT's for the days I was away, so signature all updated I have all my shifts in for next week now. I'm doing 12hrs fri/sat/sun so instead of going back to work Monday 16th, I won't be returning until Friday 20th Result!

    Going to catch up with the washing from the trip, plus DS3's washing and then I am going to chill for the remainder of the day
    Last edited by JAMIEDODGER; 13-04-2018 at 6:22 PM.
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • beanielou
    • By beanielou 13th Apr 18, 8:36 PM
    • 52,817 Posts
    • 207,711 Thanks
    beanielou
    Glad that you had a good time
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 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.
    • JAMIEDODGER
    • By JAMIEDODGER 14th Apr 18, 4:32 AM
    • 4,271 Posts
    • 18,684 Thanks
    JAMIEDODGER
    Early start this morning. Dogs decided they wanted to be awake and downstairs

    Small payment TT'd. Sig updated.

    Lots of housework to get done today, plus loads of small jobs that need doing. Need to double check inventory of freezer to make sure everything kids used while I was away has been crossed off the list.

    We will need more bread today, so I expect a trip to the shops will be needed.

    List of jobs for today:

    Pick up more bread
    Inventory freezer
    Get washing up to date
    Unpack bag from trip and put away
    Baking
    Change bedding (my room)
    Clean bathroom
    Go through budget

    That will do to start with

    More tea is required...
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • JAMIEDODGER
    • By JAMIEDODGER 16th Apr 18, 5:16 AM
    • 4,271 Posts
    • 18,684 Thanks
    JAMIEDODGER
    Morning all

    A tiny TT and some FC ISA interest this morning, signature updated

    Really nice to see the numbers going upwards even though a little slowly. Travel Fund should have some regular saver interest added this month, plus my usual bank bonus which should see it hit over 180 by the end of the month. Obviously the total is nowhere near where it needs to be, but I have plenty of time to add to it over the coming months. There is some cashback due from Quidco in June which will be added when it comes in.

    Isa interest is doing well and I have had 16.03 in so far this month, which all gets automatically added to the House Fund.

    DS2&3 back to college/school today. DD has an inset day and we are taking the dogs to the vet. Millie is due her annual booster and Harry is due his 2nd injection. Millie's booster cost is included in her petplan which I pay monthly, I need to sign Harry up for the same thing and pay 40 joining fee, then his will also be free. I also need more flea and worming stuff, which is included in the plan. So just 40 to pay today

    Cupboards and freezers are starting to show little gaps now. We are half way through the month and the only extra I have bought is bread We are still following our menu plan although no exactly to the day, and crossing off meals when we have cooked them so we know exactly what is left (as I shopped to the plan). This makes our lives so much easier! Total spend so far is 238.61. I have 111.39 left if I want to stick to my 350 budget for the month. With only fresh stuff and a few extra bits, I feel this is doable

    Jobs for today:

    Take dogs to vets
    Clean downstairs toilet
    Get meat from freezer for dinner
    Phone garage
    Get up to date with washing

    Have a lovely Monday x
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • JAMIEDODGER
    • By JAMIEDODGER 18th Apr 18, 5:13 AM
    • 4,271 Posts
    • 18,684 Thanks
    JAMIEDODGER
    Regular saver interest is in, plus a small TT from today and yesterday and my bank bonus means my travel fund is now at 194.96

    This is all really just because of daily TT's and adding in the extra I earn in interest and cashback. It really is surprising how much of a difference those little amounts make! There are 12 days left in the month so I feel confident that I can hit 200 by the end of April just with TT's

    I had a small Tesco delivery arrive last night 36.08 (the food part of the bill). This should see us through to the end of the month. It was mainly milk/bread and fridge stuff. I have another delivery booked for 1st May. I think this month will be my best ever for grocery spends as it looks like I will come in well under budget

    Roast planned for dinner tonight My fav. Back to work on Friday after a nice long break, but I am ready to go back and feel fully rested. I have a few plans on the go at the moment which might mean big changes for me in the near future but I will say more once I have the green light.

    Jobs today include cleaning, cooking and paperwork
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • shangaijimmy
    • By shangaijimmy 18th Apr 18, 6:52 AM
    • 2,598 Posts
    • 12,600 Thanks
    shangaijimmy
    Great work on the food budgeting and meal planning. If only i could get Mrs SJ thinking this way...Seriously though well done, you can hear the motivation/excitement/sense of achievement in your typing!
    MFW: Turning June 2036 into March 2023... 37//120 Payments Challenge, Diary Reduction 39,897.62
    Aug 2009: 163,051 // Current: 96,102.38 // Avg Daily Interest 4.32
    MFiT-T4 #8 - 64.95% of 41,000
    • beanielou
    • By beanielou 18th Apr 18, 1:43 PM
    • 52,817 Posts
    • 207,711 Thanks
    beanielou
    Travel fund looking good
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 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.
    • JAMIEDODGER
    • By JAMIEDODGER 18th Apr 18, 2:39 PM
    • 4,271 Posts
    • 18,684 Thanks
    JAMIEDODGER
    Great work on the food budgeting and meal planning. If only i could get Mrs SJ thinking this way...Seriously though well done, you can hear the motivation/excitement/sense of achievement in your typing!
    Originally posted by shangaijimmy
    Thanks I will be really pleased if I can come in under 350, extra money for saving

    Travel fund looking good
    Originally posted by beanielou
    Thanks beanie Long way to go to hit the 2500 I need for our trip to the Balkans next summer but not bad so far
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • JAMIEDODGER
    • By JAMIEDODGER 20th Apr 18, 5:33 AM
    • 4,271 Posts
    • 18,684 Thanks
    JAMIEDODGER
    Small TT yesterday and today. Have adjusted signature.

    Back to work today, long shift. I shall really miss the kids and the dogs today!

    Went to look at a new car yesterday which I will be picking up on Monday. It does mean my house savings will be taking a bit of a battering but it is needed. I can't keep putting loads of miles on my motorhome and with the new higher paid agency work I have taken on which is further away, it's not just miles on the clock but petrol that its costing me. The car is a relatively cheap runaround but very tidy and good mpg. I will adjust savings figures as soon as I have paid for it. It will take me a couple of months to 'pay back' that money to savings, luckily I have a flexible ISA so as long as I pay it back by the end of the tax year it won't lose the tax free status. I hate to see my savings drop right down but needs must.

    In other news, my plans for a small business venture are gaining ground. Yesterday I opened a business bank account and as soon as I have all the details I will be transferring a small amount of money for start-up costs (which I will repay to other savings once I am earning) The new car will also help with this venture. Lots of exciting stuff will be happening in the next few months And if all goes to plan it will eventually put me in a much better financial position

    Grocery budget still on track to come well under this month. I need to sort the meal plan for May, plus write the shopping list. I have already booked the Tesco delivery for the first and added my favourites to secure the slot, but I will need to change/add quite a bit once I have done the meal plan. I may not get to this for the next few days as working solidly 12 hour days until Sunday, but will get to it on Monday or Tuesday.

    Better get on as I have my lunch to make before I leave for work. Have a great day all x
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • beanielou
    • By beanielou 20th Apr 18, 7:46 PM
    • 52,817 Posts
    • 207,711 Thanks
    beanielou
    Sounds exciting!
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 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.
    • JAMIEDODGER
    • By JAMIEDODGER 22nd Apr 18, 5:56 AM
    • 4,271 Posts
    • 18,684 Thanks
    JAMIEDODGER
    Thanks Beanie

    Last shift of 3 x 12hrs today. Everything is aching

    TT's done and sig updated. Banking done and paperwork set out for me to attack tomorrow when I am off. Dogs fed and my lunch is made, so just going to browse and drink tea until I have to get ready for work

    Have a lovely Sunday everyone x
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
    • newgirly
    • By newgirly 22nd Apr 18, 7:25 AM
    • 6,224 Posts
    • 42,988 Thanks
    newgirly
    I really don't know how your for everything in! Starting a new business as well, you make me feel very lazy

    Have a great Sunday
    MFW 21
    Target for 2018 40k/9,626 paid so far

    Mortgage 39,159.44 -4yrs 2 mths left. Total owed 52,364 plan to clear in 14 months
    • JAMIEDODGER
    • By JAMIEDODGER 23rd Apr 18, 5:21 AM
    • 4,271 Posts
    • 18,684 Thanks
    JAMIEDODGER
    Thanks NG, but I can assure you, I have some very lazy days

    1.00 TT this morning takes me just 51p away from 200 in my travel fund. It will be nice to see it hit the next 100 tomorrow Also my tax relief from pension is in today so a little boost to the retirement fund too

    So tired after my 3 x 12hr shifts so will be doing a lot of not a lot today Need to phone the garage this morning to make sure car is ready to collect this afternoon. Off today and tomorrow.

    Last week of the month and just a couple of DD's to go out plus it is payday on Friday

    All in all it has been a very expensive month, but I don't feel that it will have pushed my plans too far back. I think I will be able to catch up with my goals over the course of the year.

    Retirement fund: Its a long process and a very small fund right now. I will get there. The increase in auto-enrollment contributions will help grow the pot.

    House fund: This has taken quite the battering this month as I have bought a new car. However, the savings I will make on petrol and wear and tear on my motorhome makes it a good decision. I will be able to make up the loss of savings over the year.

    Travel fund: 2300 left to save. I will need this money by next summer (July/August) so I shall keep doing my TT's and adding in any extra cashback/bank bonuses/interest and ebaying which should boost the pot over time.

    Conclusion: not worried

    Need to do a stock check today to make sure we have enough of everything to last the month, but it looks like with only a week left that we will be well under budget for groceries

    More tea and browsing is needed. Have a lovely day x
    #82 12k in 2018 - 3473.45/12000 - 28.95%
    Retirement Fund 10850.02/250000 - 4.34%
    House Fund 2679.13/50000 - 5.36%
    Travel Fund 199.49/2500 - 7.98%
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