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  • FIRST POST
    • JAMIEDODGER
    • By JAMIEDODGER 28th Jan 18, 2:02 PM
    • 4,271Posts
    • 18,674Thanks
    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 3
    • JAMIEDODGER
    • By JAMIEDODGER 4th Feb 18, 4:29 PM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    I plainly can't keep off my own thread today Loads of ideas running through my head!

    So my target was to save £625 per month for 6 years. This plus interest should give me the £50k I will need (will probably get more but don't want to overestimate the interest). A mini challenge attached to this is to save another £25 per month x 12 (£300 per year) in extra savings. I am aiming on finding this from cashback and other worthy pursuits such as Tilly-tidying etc)

    So far towards the £300 I have saved:

    £2.46 in Tilly-tidies
    £97.52 in tracked cashback

    Total £99.98/£300

    Which I think is pretty good so far

    I am not including the Funding Circle interest - which of course is already included to take the total up to £50k.

    I expect to be TT around £15 per month (£150 for the remainder of the year) which would leave £50.02 to find between now and the end of the year A target which I find more than achievable I'm thinking that I have made this target way too easy for myself, in fact I may have to up it so it feels like a proper challenge I will have to think on this some more!

    As February is a short month I am hoping to come in under budget for the second month running for my food budget. This is normally £450 per month (just food) to feed what is basically five adult appetites. Last month I managed to come in at under £400 for the month. It would be a real boon to be able to duplicate this for Feb.

    Current spends are at £63.74. It may only be 4th, but we have enough food in bar a couple of fresh items, to feed us until at least midweek, when I will do another Tesco shop. I have some vouchers so this will be helpful

    Petrol should be slightly lower this month as I will be working much closer to home. I need to fill the tank tomorrow and have a 10p off a litre voucher which will come in very handy

    All in all should be a very productive month ahead. Sorry to anyone reading this brain dump, but sometimes its easier to get it all down on paper
    #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 4th Feb 18, 7:31 PM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    Jobs for today:

    Make sausage & mash for dinner
    Take dog for long walk
    Wrap dogs birthday present
    Put away all clean laundry
    Order DD Keyboard
    Do ironing

    Research where to go with voucher from xmas found a few nice places but waiting for my carer to get back to me with dates she can have DS3
    Have a nice hot bubble bath
    Get DS3 and DD all ready for school tomorrow
    Print out homework for DD
    Look for bargain for DS3 birthday

    Deal with the large pile of paperwork on my desk - done half of this, rest will have to wait for tomorrow

    That's enough for today. All washing up to date. All urgent things taken care of. Back to work tomorrow and five days until I'm on holiday from work
    #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 4th Feb 18, 7:46 PM
    • 6,222 Posts
    • 42,956 Thanks
    newgirly
    Thanks newgirly

    I've been reading your diary, its taken me over a week Nearly up to date now, but wow what a journey!
    Originally posted by JAMIEDODGER
    Wow are you mad it must be quite repetitive after eight years, going shopping, spent too much, drank to much etc. etc.

    Good luck with the vinyl, my two have been collecting them for the last couple of years and one son is a massive Beatles fan. Some are reasonable but it depends, he got an origional white album from my parents for Xmas (from their loft!) he was over the moon. But they are all so expensive now, my first album was £5.99 , those were the days.
    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 4th Feb 18, 8:07 PM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    Wow are you mad it must be quite repetitive after eight years, going shopping, spent too much, drank to much etc. etc.

    Good luck with the vinyl, my two have been collecting them for the last couple of years and one son is a massive Beatles fan. Some are reasonable but it depends, he got an origional white album from my parents for Xmas (from their loft!) he was over the moon. But they are all so expensive now, my first album was £5.99 , those were the days.
    Originally posted by newgirly

    Kept me amused

    I have managed to win one auction today He will be very pleased when he opens his presents (I hope) Yes you are right though, they have shot up in price over the years! I can remember buying my first vinyl 45, Go West - we close our eyes. 1985 according to google
    Last edited by JAMIEDODGER; 04-02-2018 at 8:09 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%
    • newgirly
    • By newgirly 4th Feb 18, 8:22 PM
    • 6,222 Posts
    • 42,956 Thanks
    newgirly
    I remember that! Mine was the Eurythmics there must be an angel, 79p from woolies
    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 5th Feb 18, 5:46 AM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    Ahh Woolies Those were the days!

    Another Monday here again! 73p Tilly Tidied this morning, have adjusted signature, just £10 needed to push my percentage to 2.7%

    Banking done. YNAB reconciled

    List for today:

    Research where to go with voucher from xmas found a few nice places but waiting for my carer to get back to me with dates she can have DS3
    Deal with the large pile of paperwork on my desk - will crack on with this today.
    Fill car with Petrol and use voucher
    Start meal plan and food shop list
    Book Tesco delivery (use vouchers)
    Order pet meds
    Phone water company
    Phone DS3 school and arrange meeting with headteacher
    Phone company re: HP tickets for summer
    Work 2-8pm


    That's all I can think of right now
    #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 5th Feb 18, 6:50 AM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    Totally forgot to send the £15 petrol money I got paid last week over to house fund I have done that now and will update sig to show new amount
    #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 5th Feb 18, 9:57 AM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    Crossed off a few, time for teabreak

    Research where to go with voucher from xmas found a few nice places but waiting for my carer to get back to me with dates she can have DS3
    Deal with the large pile of paperwork on my desk - almost finished
    Fill car with Petrol and use voucher
    Start meal plan and food shop list
    Book Tesco delivery (use vouchers)
    Order pet meds
    Phone water company
    Phone DS3 school and arrange meeting with headteacher
    Phone company re: HP tickets for summer
    Work 2-8pm
    Phone Council Tax office
    #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%
    • Pooky
    • By Pooky 5th Feb 18, 10:22 AM
    • 6,831 Posts
    • 43,035 Thanks
    Pooky
    Have you tried the record player out? We got one for DD1s birthday last year but it was running slow, a common fault with them it seems. We ended up returning it and got her a different gift altogether. We did manage to pick her up a different make in B&M for Christmas for £15 that works like a dream. She!!!8217;s thrilled with it. She!!!8217;s a huge Beatles fan too and we were lucky that an uncle of mine donated all his beatles collection to her.
    "Start every day off with a smile and get it over with" - W. C. Field.
    • JAMIEDODGER
    • By JAMIEDODGER 5th Feb 18, 11:46 AM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    Hi Pooky,

    Not had a chance to try record player yet as I only ordered at the weekend and it has yet to arrive Will make sure I test it out as soon as it comes, thanks for the tip.
    #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 5th Feb 18, 12:08 PM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    Just booked my Harry Potter Studio Tour tickets for August

    Taking DD and DSD2. Total cost £197 which includes pretty much door to door return coach travel as well at the tickets to get in Very excited
    #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 5th Feb 18, 12:23 PM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    Also just gained another 12 hours (2 x 6hr) shifts this week from the place I was working at last week They txt direct to book me. Really pleased as I now have a full weeks work in plus 6 hours overtime Full steam ahead until Friday at 2pm when I start my 9 days holiday
    #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 6th Feb 18, 5:17 AM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    I do wish I could sleep in later than 4.30am!!

    Banking done. 99p Tilly Tidied and £2.55 interest and 45p FC interest swept over to house fund. Total now at £1362.43 It much not seem much, but I do feel the TT's are making a difference and the balance is slowly creeping up

    Had a good shift at work yesterday, back there again all day wednesday and friday morning, but at a different place today and thursday. Van filled up with petrol, used the 10p a litre off voucher and saved over £4

    Ongoing to do list:


    Research where to go with voucher from xmas found a few nice places but waiting for my carer to get back to me with dates she can have DS3
    Deal with the large pile of paperwork on my desk - its a work in progress
    Start meal plan and food shop list
    Book Tesco delivery (use vouchers)
    Collect pet meds
    Work 8-4
    Take paperwork into council office re: council tax
    Do meter readings
    Pick up DD food tech ingredients

    I'm sure there are other things that will creep onto the list by the end of the day, but that's all I can think of for now
    Last edited by JAMIEDODGER; 06-02-2018 at 6:21 AM.
    #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 6th Feb 18, 4:40 PM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    Another work day done and another day closer to my holidays

    Very happy this afternoon when an email came through from Funding Circle inviting me to open my new IF ISA I've been waiting for this since the announcement in November and wasted no time opening it with £1k I shouldn't think it will take much time before all my money is loaned out, FC is pretty quick. I am selling all my loans within the classic account and will move that money to the ISA. Ongoing I will just keep going with the ISA, which will be used for my house fund.

    Ongoing to do list:

    Research where to go with voucher from xmas - found a few nice places but waiting for my carer to get back to me with dates she can have DS3
    Deal with the large pile of paperwork on my desk - its a work in progress
    Collect pet meds - will probably have to wait until Friday
    Take paperwork into council office re: council tax - will have to wait until next week as not enough time this week
    Do meter readings
    Buy retirement card for DS3 school transport driver

    I'm working an 8-8 shift tomorrow, so need to get organised tonight. DS1 is cooking enchiladas for dinner, but I am having leftover chilli. Will take a few snacks into work tomorrow, but as it's a 12 hour shift we get a free meal

    Going to finish my cuppa, then get cracking so I can relax and watch some Netflix later
    Last edited by JAMIEDODGER; 06-02-2018 at 4:43 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%
    • JAMIEDODGER
    • By JAMIEDODGER 7th Feb 18, 5:43 AM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    £100 moved to the ISA this morning plus 40p Tilly tidied and some FC interest means my total now stands at £1501.73 I have just hit the 3% mark I am hoping to reach 4% by the end of Feb. It's a stretch but I am going to try

    The loans in my FC Classic have all sold, so I have put in for a withdrawal and the funds should hit my bank in around three days (this money will go back to other savings as I borrowed from them to open the ISA). The £1k I put in FC ISA yesterday has already loaned out half I expect it to be fully loaned by the end of today

    The next week looks to be a bit boring in terms of financial stuff. I will still be doing TT's but not a lot else until payday comes round again next Friday. So for now my attention will divert to saving as much as I can on the grocery budget and planning meals to the end of the month using up as much as I can out of cupboards/freezers. I will have to do a meat shop (Lidl) which I may do on saturday, which should will last the remainder of Feb

    I have a few bits ready to list on eBay, so hope to get cracking with that while on holiday. Not really sure what sells well, so not anticipating much, but one mans junk and all that... Hoping to also catch up on all those jobs that get put off, but also have a lot of fun things planned too

    A long day today, but a free meal is always a bonus, plus I do like the home I will be working at so the day should go by fairly fast

    No list of jobs for today as there won't be time to fit anything else in
    #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 8th Feb 18, 5:23 AM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    Long day yesterday, but I've broken the back of the week Was really glad to get home last night.

    Working 9-4 today and have a Tesco order booked in for delivery between 5-6pm tonight. This should see us through most of next week

    40p TT this morning

    Share purchase for my SIPP tomorrow and share prices in the tracker I buy within my SIPP have dropped over the last week, so if it stays that way tomorrow I should get more shares for my money

    Kids are a bit tired and grumpy this week, you can tell half term is looming, they always get this way just before, and I know they could do with the rest. After a week off, they should perk up a bit (I know I will!)

    Still haven't managed to get to the jobs on my list, but the list keeps growing. Oh well, will attack with gusto on the weekend

    Holiday is almost here
    Last edited by JAMIEDODGER; 08-02-2018 at 5:39 AM.
    #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 8th Feb 18, 6:59 AM
    • 6,222 Posts
    • 42,956 Thanks
    newgirly
    Hi JD, have you been to the studio tour before ? It's AMAZING, my favourite place in the whole world if you need any info just ask, I've been taken Dd too many times
    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 8th Feb 18, 4:06 PM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    Hey NG I've never been before, and am super excited!!! All I would like to know is what is an absolute must see? If you could recommend one thing there, what would it be?

    Work is done for today And my feet are killing me! Just an 8-2 tomorrow, then that's it

    I've just checked my IFISA and all my money is now loaned out I have some more to add to it later in the month, but for now any small monies in will go into my easy saver waiting until I have enough to pay in to ISA (minimum payment in is £100). Hopefully I shoudl get a decent rate of interest

    Off to put my feet up and have a cuppa before the Tesco delivery arrives
    #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%
    • greent
    • By greent 8th Feb 18, 5:27 PM
    • 6,911 Posts
    • 70,733 Thanks
    greent
    The Studio tour is fab - even as a non-HP fan I thought it was amazing My DD (20) has now been 4 or 5 times (Am sure NG can beat that, though! )
    x
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £577.06/£4000
    Net sales 2018 £362.51/£1000 PAYDOX18 (#15) £12808.40/£18694.38
    • JAMIEDODGER
    • By JAMIEDODGER 8th Feb 18, 8:18 PM
    • 4,271 Posts
    • 18,674 Thanks
    JAMIEDODGER
    The Studio tour is fab - even as a non-HP fan I thought it was amazing My DD (20) has now been 4 or 5 times (Am sure NG can beat that, though! )
    x
    Originally posted by greent
    Thanks greent I'm even more excited now if that's even possible! It's going to feel like an age until August!
    #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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