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  • FIRST POST
    • brizzlegirl
    • By brizzlegirl 16th Mar 18, 1:57 PM
    • 208Posts
    • 1,234Thanks
    brizzlegirl
    Ongoing Journey to being a Frugalista..
    • #1
    • 16th Mar 18, 1:57 PM
    Ongoing Journey to being a Frugalista.. 16th Mar 18 at 1:57 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 11:19 PM. Reason: typos
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 25% [25.2% March 13% April ] Income Goal £56/£750 May Goals: AFDs xx/15; Declutter 60 items xx/60; LSDs xx/10; NSDs xx/10 Exercise xx/30 Aiming to be a true Frugalista!
Page 8
    • Sun Addict
    • By Sun Addict 6th Apr 18, 8:57 PM
    • 5,717 Posts
    • 37,307 Thanks
    Sun Addict
    This is the sort of thing I do to build up my VSP. Whenever money goes into the bank I shave off the oddment to the nearest ten pounds. Can highly recommend doing this.
    Virtual Sealed Pot 2018 £250.33
    Debt £2500
    May NSDs AFDs
    Weight loss 7/10LBS
    Emergency Fund £2000/£10,000
    • brizzlegirl
    • By brizzlegirl 6th Apr 18, 8:58 PM
    • 208 Posts
    • 1,234 Thanks
    brizzlegirl
    Ha! MFM explained it better than me... Tilly uses it from the bank account but no reason why you cant do it with cash as well if you use cash a lot. But yes we do it from the current account.

    Got extra YS naan for 33p for 4. Straight in the freezer for another time. Meal very quick - curries and rice from the freezer - result. Also did a class so 5th exercise session this month also avoided buying coffees out despite desperate need after being sat in traffic for 4 hours Quite a result.

    Have a good weekend folks x
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 25% [25.2% March 13% April ] Income Goal £56/£750 May Goals: AFDs xx/15; Declutter 60 items xx/60; LSDs xx/10; NSDs xx/10 Exercise xx/30 Aiming to be a true Frugalista!
    • brizzlegirl
    • By brizzlegirl 6th Apr 18, 9:00 PM
    • 208 Posts
    • 1,234 Thanks
    brizzlegirl
    That!!!8217;s a good idea SA so yes is usually the current account but you can use it against any transaction really
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 25% [25.2% March 13% April ] Income Goal £56/£750 May Goals: AFDs xx/15; Declutter 60 items xx/60; LSDs xx/10; NSDs xx/10 Exercise xx/30 Aiming to be a true Frugalista!
    • brizzlegirl
    • By brizzlegirl 6th Apr 18, 9:10 PM
    • 208 Posts
    • 1,234 Thanks
    brizzlegirl
    MFM - tried the banana bread in the BM. But not enough sugar for my tastes. But easy - will send over later x
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 25% [25.2% March 13% April ] Income Goal £56/£750 May Goals: AFDs xx/15; Declutter 60 items xx/60; LSDs xx/10; NSDs xx/10 Exercise xx/30 Aiming to be a true Frugalista!
    • Seasidegal58
    • By Seasidegal58 6th Apr 18, 9:27 PM
    • 1,912 Posts
    • 11,695 Thanks
    Seasidegal58
    Ha! MFM explained it better than me... Tilly uses it from the bank account but no reason why you cant do it with cash as well if you use cash a lot. But yes we do it from the current account.

    Got extra YS naan for 33p for 4. Straight in the freezer for another time. Meal very quick - curries and rice from the freezer - result. Also did a class so 5th exercise session this month also avoided buying coffees out despite desperate need after being sat in traffic for 4 hours Quite a result.

    Have a good weekend folks x
    Originally posted by brizzlegirl
    I think I'll use it from the bank account.

    You saved money on the coffees today but I agree that resisting via sitting in a traffic jam for hours isn't ideal.......
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 20/05/2018: £646.59
    [CONOR=red]MONTHS TO RETIREMENT: 36!
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    [/COLOR]
    • XSpender
    • By XSpender 6th Apr 18, 9:54 PM
    • 2,965 Posts
    • 30,333 Thanks
    XSpender
    I thought I would pop over and visit your diary as you so kindly posted on mine. A real positive read, I aspire to your savings rate to fill the hole of my non existent pension savings
    Action Plan Part 1 - Clear First 3 Balances
    Target Debt Lloyds (Me) Part 1 £666.22/£0
    Target Debt Virgin (Me) Part 1 £1176.49/£0
    Target Debt Virgin (Me) Part 2 £1038/£995
    Big black hole of debt - £53,515.15 @ 16.12.17 £52,811.64 @ 28.02.18, £50,638.77 @ 28.03.18, £49,778.78 @ 20.04.18, £46,093.32 @ 18.05.18
    • Eager_Elephant
    • By Eager_Elephant 7th Apr 18, 8:59 AM
    • 4,350 Posts
    • 24,586 Thanks
    Eager_Elephant
    MFM..my method is to add up all the categories in YNAB that are not spends so yes I exclude pensions, ISA, (currently debt repayments) and EF. This month we drew a lot of income but even so I was pleased at basically only spending 3/4 of our months income. I am not sure why you would only count quote spare quote money...maybe it is because we subscribe to the YNAB every penny has a purpose concept. If you are putting money into savings pots that are true savings post, rather than say for the insurance or Xmas (when you know you are going to raid them) I think that counts towards a savings rate. Hope that makes sense. When we are clear of these last two cards I will put everything into paying off the £4K OD, the EF, pension and ISA. Cannae wait
    Originally posted by brizzlegirl
    I have just started reading Huw's blog (financiallyfreeby40) after reading about it in the Sunday Times and have started at the beginning, he counts his savings rate including his account which he uses to save up for yearly expenses.
    It threw me a bit because surely that is just a delayed bill rather than actual savings??

    I'm glad to see how you work it out and I would do similar.
    Ninja Saving Turtle No. 34 for April
    NSD - 0/15
    (up to 2/4/18)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • brizzlegirl
    • By brizzlegirl 7th Apr 18, 12:50 PM
    • 208 Posts
    • 1,234 Thanks
    brizzlegirl
    Hi XSpender.. thanks for dropping by. Loved your diary. Really honest and well done.

    EE - I agree, if you know you are going to have to spend it later that year eg. Car Insurance I am not sure how you can count that as part of a savings rate. To my mind it is only when its quote not to be touched quote like the EF or the pension that you can count that in the savings rate.

    I am slowly beginning to realise that as well as earning more money I really need to spend less. Much less and that will make a huge difference. Whopping. That is what we can use to get shot of the debt residue and the mortgage. So yesterday was a LSD.. £14 on a present for my mum and £2.60 on lots of naans. So sub £20. Also a class as I said. We have dinner in the SC. All from stores.

    Best get a shimmy on. Day half gone. As has my Spring.. bleak here again.
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 25% [25.2% March 13% April ] Income Goal £56/£750 May Goals: AFDs xx/15; Declutter 60 items xx/60; LSDs xx/10; NSDs xx/10 Exercise xx/30 Aiming to be a true Frugalista!
    • Tilly MFW in 6 YRS
    • By Tilly MFW in 6 YRS 7th Apr 18, 4:07 PM
    • 7,639 Posts
    • 86,898 Thanks
    Tilly MFW in 6 YRS
    It’s bl@@dy miserable here .

    I think you’re right on cutting the spending. Are you still using YNAB to track? Hopefully that will show the low hanging fruit to chop

    We need long dry days with time outside - cuts spending straight away IMO

    Have a good weekend.

    Tilly XX
    2004 £387k 29 years - MF March 2033
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15
    • beanielou
    • By beanielou 7th Apr 18, 7:26 PM
    • 53,923 Posts
    • 213,371 Thanks
    beanielou
    Wish I could afford to do TT's.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 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.
    • Seasidegal58
    • By Seasidegal58 7th Apr 18, 9:35 PM
    • 1,912 Posts
    • 11,695 Thanks
    Seasidegal58
    Hope you manage to find some leeway to cut down brizzle.

    I've benn reading some retirement blogs today. One lady and her OH retired some years ago early because of savings, investments and are now seeing even greater benefit as their pensions gradually kick in. One thing she wrote resonated in that she said it's worth trying to live on your estimated post- retirement income for a few years before actual retirement to see how it works out and what you can really cut back on. Don't know whether I'm brave enough yet but it would boost up the savings pot.......
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 20/05/2018: £646.59
    [CONOR=red]MONTHS TO RETIREMENT: 36!
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    [/COLOR]
    • brizzlegirl
    • By brizzlegirl 7th Apr 18, 10:40 PM
    • 208 Posts
    • 1,234 Thanks
    brizzlegirl
    Thats a good plan SSG. No harm in trying. I do use YNAB Tilly but I need to use it to forecast and keep to the category totals, not just use it as a recording tool. Its just too easy to go over the budget for a particular category and just take it off the following month. So yes basically we need to spend less

    Lou - maybe just do a few pence at a time? And even once a week is better than nothing.

    I was seeing something about doing £1 on Monday, £2 on Tuesday, £3 on Weds etc. I may try that and add in my pence as well. It means you make a TT every day which should be achievable.


    Tomorrow!!!8217;s spends are some fresh salad and some cream crackers so we can do JO HM beef burgers. Must meal plan for next week but OH got a lush beef meat box from a local farm last week so we are well set up. DD1 asking for more veggie meals tho so that also needs to be thought about. Having an optimism attack. Not sure why. Feel content... hope everyone has a good Sunday. Love to you all x
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 25% [25.2% March 13% April ] Income Goal £56/£750 May Goals: AFDs xx/15; Declutter 60 items xx/60; LSDs xx/10; NSDs xx/10 Exercise xx/30 Aiming to be a true Frugalista!
    • brizzlegirl
    • By brizzlegirl 7th Apr 18, 10:43 PM
    • 208 Posts
    • 1,234 Thanks
    brizzlegirl
    And agree with the weather Tilly - we now have some new ladies Hopefully egg laying soon. Better priced than the last ones too Repaired the run and tidied the garden. Really nice to be out even though an overcast day. Maybe that!!!8217;s why I feel good now.. or maybe thats just the white wine and the wood burner
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 25% [25.2% March 13% April ] Income Goal £56/£750 May Goals: AFDs xx/15; Declutter 60 items xx/60; LSDs xx/10; NSDs xx/10 Exercise xx/30 Aiming to be a true Frugalista!
    • PurpleFairy26
    • By PurpleFairy26 8th Apr 18, 7:30 AM
    • 2,154 Posts
    • 14,573 Thanks
    PurpleFairy26
    Life sounds good Brizzle new girls too, exciting agree on spends, it's fine tracking it but need to balance tracking high spends and then balancing those spends. Yummy meat box sounds great too. Happy Sunday
    • greent
    • By greent 8th Apr 18, 7:38 AM
    • 7,007 Posts
    • 71,537 Thanks
    greent
    Glad to hear you have some new chooks - hope they start laying for you soon
    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) £877.49/£4000
    Net sales 2018 £491.03/£1000 PAYDOX18 (#15) £13869.38/£18694.38
    • beanielou
    • By beanielou 8th Apr 18, 11:04 AM
    • 53,923 Posts
    • 213,371 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 11 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.
    • pennywisepoundstupid
    • By pennywisepoundstupid 8th Apr 18, 12:02 PM
    • 4,750 Posts
    • 16,013 Thanks
    pennywisepoundstupid
    Fab news about the new chooks, I still havn't made a decision about getting more.
    Be mindful of your self-talk. It's a conversation with the Universe."
    Debt free and saving for my future
    Long term savings £10,000 Holiday spends £1000/£349.02 Kitchen savings stage 1 £1500/£160.24
    Amazon vouchers
    £5
    • mfmaybe
    • By mfmaybe 10th Apr 18, 3:34 PM
    • 1,100 Posts
    • 3,515 Thanks
    mfmaybe
    Hooray for new chooks

    So I calculated my savings rate as an experiment - ignoring the final salary pension which comes out of gross salary. Jan and Feb was 20% - higher than expected. This is because the current amount we pay on rent is lower than our previous mortgage payments (which we were overpaying on!); so we are swiping the extra into savings towards the new build. The other elements were just an ISA and a private pension payment. March was a misleading 37% as I got a bonus which all went into savings. Not as bad as I'd feared but there wasn't any pro-active saving in there, either. A useful exercise, thanks Brizzle
    BTL Overpayments since 20/4 £5.90

    AFD May 10/15 NSD May 7/10

    Other debts paid since 1/1/14: £17,005
    • brizzlegirl
    • By brizzlegirl 10th Apr 18, 5:28 PM
    • 208 Posts
    • 1,234 Thanks
    brizzlegirl
    Pleased to hear it MFM! Go you! Very respectable figures.

    Just having a hugely pricey day on the vehicles. Unbloodybelieveable suggestions from the garage. I may just walk away and hire a car when I need one... waiting for a call back as I have asked for all options, in writing. Never rains but it pours hey
    MFW..aiming to pay it off in 2022.. 2018 Savings Rate - Goal 25% [25.2% March 13% April ] Income Goal £56/£750 May Goals: AFDs xx/15; Declutter 60 items xx/60; LSDs xx/10; NSDs xx/10 Exercise xx/30 Aiming to be a true Frugalista!
    • beanielou
    • By beanielou 10th Apr 18, 6:35 PM
    • 53,923 Posts
    • 213,371 Thanks
    beanielou
    That does not sound good to me
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 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.
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