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  • FIRST POST
    • brizzlegirl
    • By brizzlegirl 16th Mar 18, 12:57 PM
    • 652Posts
    • 4,395Thanks
    brizzlegirl
    Ongoing Journey to being a Frugalista..
    • #1
    • 16th Mar 18, 12:57 PM
    Ongoing Journey to being a Frugalista.. 16th Mar 18 at 12:57 PM
    So..ladies and gents...it may be time for a new diary. The recent changes to the site seem to have booted me out...and as this place is essential (nay, critical) to my ongoing attempt to be a true frugalista I need to keep the diary posting going....plus of course I'd miss everyone on here. You are all fab and the support is always totally amazing.

    If they can sort out the problems then maybe I can still use the old diary...but maybe a new diary is a good thing. The old one was over 6 years old I think...I should have called it something like "to being debt free and back again.." but ho hum.

    So..we have good jobs, although I am SE, me and OH are in our 40's (great decade I think), have 2 brilliant teenage daughters who bring us deep joy and of course bring some stressy doubts too (don't they all?) and a real pride in our local community. For details of our travels and meanderings to being DF and then being less so, see the old diary -called "LBM in 2003...what have I been doing since??!"

    So whats the current story?

    We re-mortgaged last year and now have 13 years to go on the mortgage, but its a much better rate and its all based on OH's salary as it was less of a pain than proving all my details etc. But we would like to pay off the mortgage in c.5 years time. Doable. However at the same time we have debts from some big holidays last year, a car which is currently on a lease which we plan to buy at the end of the term (July) (that will be £11k out the door), a lodger who is going in a few months, daughters planning to go off to uni and a need to improve our savings rate. Also as I am SE I also need to think hard about ensuring I can continue in well paid work for as long as I want to..probably the next 8-10 years..then I want to slow down. OH is employed in an industry renowned for freelancers so thats always a good thing.

    I am looking at a big 'winding my neck in' (as me and Lucielle were saying a fortnight or so ago) and these are the scores on the doors.

    Savings

    ISA £12,500 (but S&S so fluctuates a bit) - aim to get it to £20k by Sept 2019 and to £30k by March 2020
    Emergency Fund (EF) £250 (wont stop until we get to £20k)
    Repairs Fund £880
    Tax Fund £3,032

    The Big But

    So this is it...that we have an OD of £4k and similar amounts of debts on some cards. This didnt exist a few years ago..we got our DF badge and everything but clearly my LBM had a malfunction.

    Anyroad up..

    I reckon the holidays can be paid for by May. So that's my first goal, then the OD, all the time continuing to pay into the EF, ISAs, pensions, maybe the mortgage OP pot and then all the rest. So onwards and upwards

    Love to you all xx
    Last edited by brizzlegirl; 01-04-2018 at 10:19 PM. Reason: typos
    MFW..aiming to pay it off in 2022.. 2019 Savings Rate - Goal 40% [ 31% Feb 54% March ] 2019 Income Goal £71/£750 April Goals: AFDs 4/25 Decluttering 04/60; LSDs x/10; NSDs x/10 Exercise in April RT 10k, 3/15 12k steps per day pls Aiming to be a true Frugalista!
Page 35
    • Moneyfordreams
    • By Moneyfordreams 7th Apr 19, 3:45 PM
    • 1,254 Posts
    • 6,128 Thanks
    Moneyfordreams
    Great to catch up Brizzle… ploughing money at debt is back into focus for us too.
    Mortgage restart June 2018 £119950
    Feb 19 mortgage £112650, £4850cc, £6500, £1489, car £7550 (holy cr@9 )
    • Sun Addict
    • By Sun Addict 7th Apr 19, 5:33 PM
    • 7,018 Posts
    • 50,831 Thanks
    Sun Addict
    All sounding very positive despite the large vehicle bill You can do this
    Virtual Sealed Pot 2019 £201.59
    Weight loss 7.5/9LBS
    Emergency Fund £3260/£10,000
    • Seasidegal58
    • By Seasidegal58 11th Apr 19, 12:27 PM
    • 2,858 Posts
    • 17,962 Thanks
    Seasidegal58
    Yes - bah to the vehicle bill but you're doing marvellously brizzle!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - £2,897.19
    MONTHS TO RETIREMENT: 25
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • brizzlegirl
    • By brizzlegirl 11th Apr 19, 9:35 PM
    • 652 Posts
    • 4,395 Thanks
    brizzlegirl
    Thanks all. We are on this!
    #gonnabedebtfree
    MFW..aiming to pay it off in 2022.. 2019 Savings Rate - Goal 40% [ 31% Feb 54% March ] 2019 Income Goal £71/£750 April Goals: AFDs 4/25 Decluttering 04/60; LSDs x/10; NSDs x/10 Exercise in April RT 10k, 3/15 12k steps per day pls Aiming to be a true Frugalista!
    • PurpleFairy26
    • By PurpleFairy26 12th Apr 19, 6:46 AM
    • 2,664 Posts
    • 18,214 Thanks
    PurpleFairy26
    Thanks all. We are on this!
    #gonnabedebtfree
    Originally posted by brizzlegirl
    Loving your positivity. Plus imagine the pain of the vehicle bill if you weren't in control

    Your posts and what you are doing is truly infectious. I'm not sure I'd have a stocks and shares isa (and considering putting my pay rise in it) if it wasn't for reading your diary. Thanks for sharing
    • beanielou
    • By beanielou 12th Apr 19, 11:40 AM
    • 62,577 Posts
    • 270,708 Thanks
    beanielou
    Thanks all. We are on this!
    #gonnabedebtfree
    Originally posted by brizzlegirl
    You are . .
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 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. ***Be the difference.***
    • greent
    • By greent 13th Apr 19, 9:20 AM
    • 8,017 Posts
    • 81,293 Thanks
    greent
    We cleared all our residual debts last year of around £18k - car finance, CCs etc (and spent even more than that on the new kitchen at the same time.....) and I have to say that it is lovely not having anything hanging around - I even paid the child tax credit overpayment demand straight off last month, rather than set it up on a repayment programme (for full disclosure I do have £1300 on a 0% CC, expiry 04/2020, which I'm reducing at min £100/ mth - I could repay it all now, but I know that using the 0% is probably a better financial decision - earning me all of several pennies in interest over the coming year! ) It's quite free-ing - and means that supporting the 2 student children is easier financially than if we still had things hanging around. Was very tight to do it (and we did use some savings and took a larger than normal dividend because of the kitchen) - but soooo worth it.

    Looking forward to celebrating with you when you're there! 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 12/18 £54829 2019 OPs (#18) £1603.41/£5K
    Net sales 2019 £70.17/£500
    • brizzlegirl
    • By brizzlegirl 13th Apr 19, 10:19 AM
    • 652 Posts
    • 4,395 Thanks
    brizzlegirl
    Hi everyone

    Thanks for stopping by

    You're right greent, it will be freeing and also help us support the girls more in the future. I am also determined not to be slogging the work path if I don't want to after I am 55 so only a few years to go...

    The vehicle bill isn't finalised yet but will be big. But then last week we have discovered that a few friends want to hire it for a few weeks so that offsets the costs a little. We do need to start using it more, I was thinking of going away over Easter for a few days but DD2 not keen. Wants to hang out with friends when not revising..which is understandable I guess.

    Just gearing up after a slow start to the day. OH already prepping dinner Planning to have a quiet day and be frugal. OH and I are talking about financial stuff much more - we may tackle some exercises from Work Optional later. We did the answers to the questions but never really grouped them into a mission statement which might be quite fun (and useful) to do.

    Hoping to do a big money shuffle on Monday. Ridiculously excited, spreadsheet primed and ready to go

    Have a great weekend all
    MFW..aiming to pay it off in 2022.. 2019 Savings Rate - Goal 40% [ 31% Feb 54% March ] 2019 Income Goal £71/£750 April Goals: AFDs 4/25 Decluttering 04/60; LSDs x/10; NSDs x/10 Exercise in April RT 10k, 3/15 12k steps per day pls Aiming to be a true Frugalista!
    • brizzlegirl
    • By brizzlegirl 13th Apr 19, 10:27 AM
    • 652 Posts
    • 4,395 Thanks
    brizzlegirl

    Your posts and what you are doing is truly infectious. I'm not sure I'd have a stocks and shares isa (and considering putting my pay rise in it) if it wasn't for reading your diary. Thanks for sharing
    Originally posted by PurpleFairy26
    Bless you. Thanks. yes I really value mine and check on how its doing at least once a fortnight. I am completely sold on the 'paying myself first' tactic where we pay off CC debt, put savings aside and into the S&S ISA immediately we each get paid. All extra earnings go into this 'stream' too eg. OH is getting some more overtime (man is a machine ) - its certainly been a game changer for us so far this year. Head is a much more determined space. Lord only knows why I didn't start this years ago

    When we get straight again ie no more CC debt I plan to see a similar percentage (40% of income) go into pensions, EF and paying off the mortgage. At the moment there are no mortgage OPs and minimal into the other two (although we both have good pension benefits in current roles) which needs to change long term.
    Last edited by brizzlegirl; 13-04-2019 at 10:32 AM.
    MFW..aiming to pay it off in 2022.. 2019 Savings Rate - Goal 40% [ 31% Feb 54% March ] 2019 Income Goal £71/£750 April Goals: AFDs 4/25 Decluttering 04/60; LSDs x/10; NSDs x/10 Exercise in April RT 10k, 3/15 12k steps per day pls Aiming to be a true Frugalista!
    • Igamogam
    • By Igamogam 13th Apr 19, 12:16 PM
    • 5,799 Posts
    • 47,831 Thanks
    Igamogam
    Hoping to do a big money shuffle on Monday. Ridiculously excited, spreadsheet primed and ready to go
    Originally posted by brizzlegirl
    I get over excited over my spread sheet now and almost feel bereft when there is nothing to add....weird as I have always hated spreadsheets before!

    Happy hols!
    Be the change you want to see -with apologies to Gandhi
    In gardens, beauty is a by-product. The main business is sex and death. ~Sam Llewelyn
    'On the internet no one knows you are a cat'
    • Seasidegal58
    • By Seasidegal58 13th Apr 19, 2:08 PM
    • 2,858 Posts
    • 17,962 Thanks
    Seasidegal58
    I get over excited over my spread sheet now and almost feel bereft when there is nothing to add....weird as I have always hated spreadsheets before!

    Happy hols!
    Originally posted by Igamogam
    I feel a bit like that with YNAB. I also used to feel the same when I was in debt in respect of my Snowball checker. I'd sit and stare at it for ages once I'd updated it each month!

    Your so right about paying yourself first brizzle. My payout goes straight into the works pension as retirement heaves into sight.

    Have a good weekend!
    X
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - £2,897.19
    MONTHS TO RETIREMENT: 25
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • jwil
    • By jwil 13th Apr 19, 3:30 PM
    • 10,256 Posts
    • 35,516 Thanks
    jwil
    I also find your financial plans inspiring and hope to do similar once I'm DF

    Have a good weekend, it's been lovely and sunny today!
    "If you can dream it, you can do it". Walt Disney
    • brizzlegirl
    • By brizzlegirl 15th Apr 19, 12:43 PM
    • 652 Posts
    • 4,395 Thanks
    brizzlegirl
    Hello all

    Popping in during a lunch break (unusual but am grabbing one ) to say that the money shuffle felt SO good...I even did a working column in the spreadsheet mid month so I could see it in all its glory and so exactly what impact the shuffle had today instead of waiting until the end of the month. We have put money against debt, into the EF, into the tax bill fund and paid off in full the monthly credit card bill which has built up over the last fortnight (I often pay on a CC for cash flow reasons and the loyalty points which we find useful for treats).

    We have a big debt we are attacking the most, focussing the firepower if you like. Its on a 0% CC but not for much longer so we will start to pay interest on one tranche of borrowing..have hummed and hawed about moving to another deal but don't want to pay the fee plus think it may act as yet another incentive to go even harder and not fall behind on our plans. We are attacking this hard (each month we probably make a payment of 20% of our income) whilst also building up funds for tax bills, the EF and the S&S ISA. It is a big debt but I hope it'll be gone by September. The rest of them should really start to crumble then if we keep at it. income is increasing a bit too from this month which is all very helpful.

    Brain is a bit foggy so will try and get some exercise in later and clear my head for some more work. We have defrosted some steak by accident (our freezer was heaving and DD2 thought it was sausages so steak and chips for tea..yum) Every cloud has a silver lining hey
    Last edited by brizzlegirl; 15-04-2019 at 12:48 PM.
    MFW..aiming to pay it off in 2022.. 2019 Savings Rate - Goal 40% [ 31% Feb 54% March ] 2019 Income Goal £71/£750 April Goals: AFDs 4/25 Decluttering 04/60; LSDs x/10; NSDs x/10 Exercise in April RT 10k, 3/15 12k steps per day pls Aiming to be a true Frugalista!
    • lucielle
    • By lucielle 15th Apr 19, 5:32 PM
    • 8,122 Posts
    • 34,892 Thanks
    lucielle
    Wow! You're both working so hard to blitz it well done. tea sounds good

    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900,New Debt Figure ZERO !!!!!! 08/06/2013
    Lucielle's Daring Debt Free Journey
    DFD Before we Die!!!! Long Haul Supporter #124
    • brizzlegirl
    • By brizzlegirl 15th Apr 19, 9:01 PM
    • 652 Posts
    • 4,395 Thanks
    brizzlegirl
    Thanks L..how’s you? Good I hope.

    They were lamb leg steaks I then realised. So so good.

    Did exercise plus a run. Pooped. But it’s been a good day. Also decluttered 4 magazines go me

    Love to you all

    Brizzle x
    MFW..aiming to pay it off in 2022.. 2019 Savings Rate - Goal 40% [ 31% Feb 54% March ] 2019 Income Goal £71/£750 April Goals: AFDs 4/25 Decluttering 04/60; LSDs x/10; NSDs x/10 Exercise in April RT 10k, 3/15 12k steps per day pls Aiming to be a true Frugalista!
    • pennywisepoundstupid
    • By pennywisepoundstupid 16th Apr 19, 7:18 AM
    • 5,061 Posts
    • 18,336 Thanks
    pennywisepoundstupid
    Morning Brizzle, you are really on a roll at the minute well done.
    You have motivated me to sit down with DH to discuss short term/long term goals, thankyou. x
    Be mindful of your self-talk. It's a conversation with the Universe."
    Debt free and saving for my future
    • Seasidegal58
    • By Seasidegal58 18th Apr 19, 12:52 PM
    • 2,858 Posts
    • 17,962 Thanks
    Seasidegal58
    Rolling along excellently brizzle!


    I hope you and your family have a good Easter!
    x
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - £2,897.19
    MONTHS TO RETIREMENT: 25
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • brizzlegirl
    • By brizzlegirl 19th Apr 19, 8:05 AM
    • 652 Posts
    • 4,395 Thanks
    brizzlegirl
    Aaw thanks everyone. Yes life is good. Feel flat at times but looking forward to the 4 day break from the usual routine.

    It’s good to talk PWPS..even when one of you usually resists talking about goals and plans...as my OH usually does...it also makes me feel less alone in terms of making the decisions on behalf of the family.

    Slow start to the day I think...glorious sunshine. love it
    MFW..aiming to pay it off in 2022.. 2019 Savings Rate - Goal 40% [ 31% Feb 54% March ] 2019 Income Goal £71/£750 April Goals: AFDs 4/25 Decluttering 04/60; LSDs x/10; NSDs x/10 Exercise in April RT 10k, 3/15 12k steps per day pls Aiming to be a true Frugalista!
    • jwil
    • By jwil 19th Apr 19, 8:30 AM
    • 10,256 Posts
    • 35,516 Thanks
    jwil
    Have a lovely weekend
    "If you can dream it, you can do it". Walt Disney
    • brizzlegirl
    • By brizzlegirl 19th Apr 19, 9:02 AM
    • 652 Posts
    • 4,395 Thanks
    brizzlegirl
    Same to you jwil. Enjoy the weather with the little ones x
    MFW..aiming to pay it off in 2022.. 2019 Savings Rate - Goal 40% [ 31% Feb 54% March ] 2019 Income Goal £71/£750 April Goals: AFDs 4/25 Decluttering 04/60; LSDs x/10; NSDs x/10 Exercise in April RT 10k, 3/15 12k steps per day pls Aiming to be a true Frugalista!
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