Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • museumworker
    • By museumworker 15th Jul 17, 10:22 PM
    • 2,002Posts
    • 11,426Thanks
    museumworker
    The mindful MFW: A healthy, happy journey to a mortgage free life!
    • #1
    • 15th Jul 17, 10:22 PM
    The mindful MFW: A healthy, happy journey to a mortgage free life! 15th Jul 17 at 10:22 PM
    Hi all! Some of you may know me from my last two diaries (museumworkers quest to consign the mortgage to history and Making the Future Happen). A lot DID happen during my last diary, mostly things that threw me off the MFW course, including an unexpected (but much loved) third child and a new full time job! These are both changes for the better, but adjusting to even less time with even more responsibilities unfortunately took its toll on my health and wellbeing as well as our finances.

    Anyway, I now feel like I've turned a corner - my health is improving, I'm settled at work, we have local childcare arranged (no more commuting with a toddler and buggy come September!) and we are starting to tackle the mortgage again. Rather selfishly I would like a new diary to mark this new phase as I feel a bit like my old one is, well, if not stained then a bit dog-eared. And who doesn't like the feel of a crisp new diary, all shiny, new and full of hope!

    This time my journey to mortgage freedom has to be healthy and happy. I can't let myself get ill again, the whole family suffers. The mindfulness part is more aspiration than reality at the moment! However I've gained so much benefit from the mindfulness work that I have done that I really want to make it an integral part of my life. And I really want to enjoy my time with the kids, aged (nearly) 3, 5 and 14, and nurture my relationship with the very neglected OH. We love to travel and have days out, though usually there's a discount voucher and a packed lunch to hand if you look closely enough! Of course there will be challenges along the way, but if I can build personal resilience and keep a positive outlook I'll be much better placed to deal with them.

    I would love it if you read and posted along - words of encouragement, suggestions, comments, questions, observations, witticisms, light ribbing - and the occasional reprimand if I start being self-negligent!

    Some facts that always help at the start of a diary:
    Mortgage balance at start of MF journey, March 2011: £190,000
    Current balance July 2017: £95,979.89
    Mortgage rate: 2.39% fixed at Feb 2016 for 5 years.

    OPs in 2017 to date: £9,249.16
    Total OPs 2011-16: £45k

    LTV when house purchased 2008: 83%
    Estimated Current LTV: 15%
    Old mortgage rate: 5.09%
    Old mortgage monthly payment: £1,200
    Current mortgage monthly payment: £623.15

    Original end date at renewal: February 2036
    Current end date with no further OPs: October 2033 [guestimate, will check next time I call]
    Target: April 2022 = £1,200 pm OP / £14,400 pa OP
    Stretch target: September 2021 = £1,400 pm OP / £16,800 pa OP
    Super stretch target: April 2021 = £1,600 pm OP / £19,200 pa OP

    Just realised that means am possibly talking only 4 years or so until we're mortgage free ! Wow, that feels so unreal - but incredibly motivating!!

    Lots more to say, but right now we're off to bed. Thanks for reading!
    Last edited by museumworker; 19-07-2017 at 1:07 PM.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
Page 12
    • pinkypig
    • By pinkypig 1st Oct 17, 9:55 PM
    • 753 Posts
    • 6,504 Thanks
    pinkypig
    Great news on your reduced hours. You'll notice a huge difference in life quality but I bet you'll barely notice the salary change with all your cost savings and your mfw ideas. Good luck - I'm looking forward to reading about your adventures
    • museumworker
    • By museumworker 3rd Oct 17, 6:53 PM
    • 2,002 Posts
    • 11,426 Thanks
    museumworker
    Thanks PP! We've made some great savings already (which begs the question what the heck was I doing before but onwards and upwards!)

    Dowloaded YNAB, with free 34 day trial. Have started setting up accounts, adding transactions, and allocating monies but still getting my head around it. Not helped by the fact that I know I need to spend more than will come in this month! It has made me pull out £157 sitting in the mortgage account earmarked for overpayment into the current, and also acknowledge a severe grocery buying issue! I only have £35 left in the grocery budget til the end of the month although am due a few refunds I am going to be strict and try to stick to the YNAB system and not spend them before they come in.

    Have had my NU$ discount applied to my Am@zon pr!me account - 6 months free, plus a £30 refund, then £39 a year instead of £79. Yay! That NU$ card has definitely paid for itself (and the course) already, and still have 10 months more to run. I also got a free month on Pr!me for complaining that a guaranteed next day delivery didn't arrive the next day.

    £1.18 spent from pocket money for birthday mini cake for friend at work. Lunch and snacks from stores. DD1 needs £17 for a hoodie for a school sponsored event. Why the parents have to pay I'm unclear, I have asked for a receipt much to her annoyance.

    Collected Mr S coat shopping, am only keeping 2 of them for the very youngest so need to take the rest back for £105 refund.

    Almost come to the end of a project at work have been leading on, final push this week then next week I'll start my 4 day weeks . Will be a relief to have the project finished and also start catching up with some rest.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 3rd Oct 17, 7:24 PM
    • 657 Posts
    • 2,606 Thanks
    wishingthemortgaheaway
    Busy busy day.
    Persevere with YNAB it really doesn't work. It's hard to start with because it encpurages you to get to the point where you are working a month ahead. I've never got to that point, but when I was paid on the 20th month I made that my 'available to budget' for the following month. So the money sat in my account for half a month before it was used.

    I use to iPhone app to record transactions (as I spend rather than when they appear on the online banking) on the iPad app you can Tilly tidy really easily from the pots, which you can't do on the phone app. And you can 'fill your pots' on the iPad app too. I only really use the desktop version to add/change the pots.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • museumworker
    • By museumworker 3rd Oct 17, 10:33 PM
    • 2,002 Posts
    • 11,426 Thanks
    museumworker
    Hard sums:

    Down £520 my salary - ongoing from October, if agreed can reduce to three days a week
    Down £1400 on OH's salary from Sep-Mar, due to increased pension contributions
    Plus from Sep extra cost of £150pm for DD1 music schools

    Savings made so far = £125pm
    £5pm mobile
    £12pm broadband
    £18pm national lottery
    £83pm gym membership
    £7pm DD1 group membership

    Potential savings = £668pm
    £110pm saving on childcare DD2 (guesstimate, not given exact costs yet!)
    £85pm saving on DS childcare
    £25-£100pm food savings through meal planning
    £10pm lunch savings - send OH in with lunch x2 a week
    £50pm travel savings - planning to cycle in to work most days
    £260pm holiday travel savings (spent £4K this year, hope to get down to £800 next year!)
    £8pm savings on insurance (home/travel/car) - hopefully more
    £38pm savings on DD1 music lessons (included with extra cost)
    £7pm energy (use dryer less, switch deals)

    Additional income: (+£340pm)
    £100pm from blog/side hustles/comping (more if manage £10 a day challenge)
    £240pm child benef!t

    So possibly £793 savings a month and £340 additional income = £1133 a month to offset reduced income and additional costs.
    Originally posted by museumworker
    Just revisiting this - have now saved £18pm on home insurance, £25pm on energy by swapping deals, £30pm on OH lunches, £150pm (ish ) on groceries.
    Now saving £30pm on DD2 childcare, and life is one million times easier. This will go up to £210pm savings on childcare for DD2 when go down to 3 days a week, plus £50-£80pm savings on childcare for DS too.

    This means saving an additional £253pm savings on top of the £125pm savings already mentioned.

    On track for £250pm holiday savings too - once we get through this month that is .
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • museumworker
    • By museumworker 4th Oct 17, 9:33 AM
    • 2,002 Posts
    • 11,426 Thanks
    museumworker
    Note to self: don't forget you can get an extra 20% off yellow stickered items at Waitr0se with PY0 offers.

    Second note to self: Don't be so bloody hard on yourself! Sometimes I'll miss a trick and THAT'S OK! I am making huge changes to my shopping and money habits which will take time to imbed. Meanwhile my tired little brain can't be expected to remember EVERYTHING ALL AT ONCE!
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 4th Oct 17, 10:31 AM
    • 657 Posts
    • 2,606 Thanks
    wishingthemortgaheaway
    You do so well with your Waitrose shopping, you probably get it cheaper than you would if you shopped in Aldi. Enjoy the fact they are ys items.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • museumworker
    • By museumworker 5th Oct 17, 10:24 AM
    • 2,002 Posts
    • 11,426 Thanks
    museumworker
    Good advice wish. Yesterday was one of those days I was very scatty and forgetful, so everything was a bit harder than it needed to be. But yes, the Waitr0se shops and stacking deals is one of the more successful sides of the last few months. I noticed I paid more for tinned foms in Lidl last week than I had for premium Italian branded versions !

    Done
    * Booked £12 model haircut at hairdressing academy (saving £18 vs budget)
    * asked if £3 haircut voucher can be extended (no, but at least I asked)
    * forgot water bottle so bought cheap water from supermarket rather than buy expensive bottles from train (90p from pocket money)
    * submitted expense claim (£27)
    * have lunch and snacks with me (although think getting free lunch so will keep sandwich back for later)
    * paid £17 for DD1 hoodie from cash from focus group, so no impact on accounts
    * 1.5kg half price YS pork added to freezer for slow cooker meal next week
    * Ordered halif@x Cl@rity CC so can spend abroad with no fees
    * transferred £243 of childcare vouchers for DD2 and set up regular payments

    To do
    * aak for DD1 prescription to be rewritten properly by doctor
    * reclaim train fare
    * submit mouthwash reclaim (£6.66)
    * check current account and update YNAB
    * pay for annual parking permit (thought that was next month )
    * apply free 3 month music trial to account
    * send in trip form for DD1
    * ask school for hoodie receipt
    * buy card for DD1 (use student discount)
    * confirm stays for holiday
    * transfer OH childcare vouchers and set up automated deduction
    * transfer outstanding amount to DD2 nursery
    * set up auto deductions for DD2 nursery
    * use £1 off shopping vouchers
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 5th Oct 17, 12:01 PM
    • 657 Posts
    • 2,606 Thanks
    wishingthemortgaheaway
    So, not a busy day at all then?

    Find time for a cuppa at least.

    Wish.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • museumworker
    • By museumworker 6th Oct 17, 9:05 AM
    • 2,002 Posts
    • 11,426 Thanks
    museumworker
    I did get a couple of cuppas in wish, plus a bit of thinking time on the train.

    Just checked and looks like the marketing department got my message - the expiry date on the £3 haircut voucher has been extended until the end of the month so will now save £27 against the budgeted amount !

    Bought DD1 pop-up card and sticker, using 20% student discount plus 15% discount, £4.50ish spent. We have her main present already.

    Bit of filming for work, and I have a report to finish today so better get going. Have a good day everyone!

    MWx
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • museumworker
    • By museumworker 6th Oct 17, 9:04 PM
    • 2,002 Posts
    • 11,426 Thanks
    museumworker
    Report finished, filming done, and out of office ON! Looking forward to a lovely weekend with the family. Have jobs to do but I think the most important one is to relax and enjoy ourselves.

    MW x
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 6th Oct 17, 9:20 PM
    • 657 Posts
    • 2,606 Thanks
    wishingthemortgaheaway
    Have a fabulous weekend.
    Your weekend plans and mine are not hugely different.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • pinkypig
    • By pinkypig 7th Oct 17, 7:11 AM
    • 753 Posts
    • 6,504 Thanks
    pinkypig
    Have a lovely weekend xx
    • museumworker
    • By museumworker 7th Oct 17, 8:19 PM
    • 2,002 Posts
    • 11,426 Thanks
    museumworker
    Thanks PP, you too! Been a slow relaxing day with lie in and no plans.

    * received new Amex cards, to earn £100 cashback AND use for Dec shop small promotion (£5 back on £10 shops)
    * DS swimming lesson, moved earlier from next week to avoid taking up too much of our Sat
    * HM bread for lunch
    * weekly meal plan written
    * coats returned for £105 refund
    * Split £42 food shop at Mr S into 4 for 1100 points (worth £5.50 or £11 on double up) + 5% cashback + £1.67 to reclaimed. Officially over budget on groceries now and still one whole week left to go before hols
    * £5.77 claim Shopm!um from Fri
    * YNAB updated
    * living room tidied
    * played with DS and DD2 individually
    * birthday tomorrow planning to use £40 vouchers won for family brunch and printing off voucher for free entry to heritage attraction afterwards via OH work
    Last edited by museumworker; 07-10-2017 at 8:22 PM.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • Needhelpsaving
    • By Needhelpsaving 8th Oct 17, 3:38 PM
    • 628 Posts
    • 2,626 Thanks
    Needhelpsaving
    Happy Birthday!
    Target 1 - Emergency Fund Currently £1250.32/£3000

    Target 2 - Op Mortgage by £4000 by 31/12/2017 Currently £3589.11/£4000
    • Mrs Money Penny
    • By Mrs Money Penny 8th Oct 17, 4:40 PM
    • 718 Posts
    • 6,253 Thanks
    Mrs Money Penny
    Happy Birthday I love reading your diary.
    MFIT T4 40
    MFIT Challenge save £40k
    £55526:/36617/18909
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 8th Oct 17, 6:49 PM
    • 657 Posts
    • 2,606 Thanks
    wishingthemortgaheaway
    Happy birthday.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • museumworker
    • By museumworker 8th Oct 17, 9:56 PM
    • 2,002 Posts
    • 11,426 Thanks
    museumworker
    Thanks all for the birthday wishes!

    Had a lovely day, brunch was really nice and only £12.78 after vouchers, had budgeted £30 for family meal out for birthdays so pleased with that .

    Then free visit to Hampton Court, their new playground is brilliant, and of course the maze. Did a little bit of the kitchens and courtyards but DD2 mostly shouted and ran around so will have to go back on my own to actually soak up the history part They also have wonderful kitchen and rose gardens. Took a picnic (sounds better than packed lunch) and a HM banana and chocolate cake which was delicious. Only cost £2 for all day parking and a bit of petrol which was already in the car.

    Had some really thoughtful and useful gifts from the family, and a decent number of birthday cards too.

    Tomorrow is DD1's birthday so need to wrap a couple of presents now. Plus I have the day off for a) a £3 haircut and b) a three course lunch with the OH at the Ritz. Yes, really! Wondering if that sentence will get me banned from the MFW boards ! We bought the lunch as an offer last year which is already paid for, and have budgeted for a bottle of wine and service on top. So nothing to do but enjoy it
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • Kantankrus Mare
    • By Kantankrus Mare 8th Oct 17, 10:16 PM
    • 4,977 Posts
    • 11,817 Thanks
    Kantankrus Mare
    Just dropped by to see how you were getting on only to discover its your birthday! Happy birthday fellow Libran

    Great news about your request for 3 day working being accepted.

    Enjoy The Ritz!! I will return to hear all about it! (We went to The Ivy last year for my birthday and it was a lovely birthday treat.)

    Looks like you are doing brilliantly!! Well done!!
    Make £10 a day challenge Jan/£215.84/ Feb £146.45/ Mar £192.55/Apr £171.20/ May £156.40/june £95.55/ Jul £383.85/Aug £211.60/Sep £282.35/Oct £122.54/Nov £271.08/Dec £80.49
    Walk 2000 miles in 2017....1628.14 miles
    • museumworker
    • By museumworker 9th Oct 17, 10:02 PM
    • 2,002 Posts
    • 11,426 Thanks
    museumworker
    Thanks KM! Hope you had a lovely birthday too!

    £3 haircut turned into £13 haircut after treatment and tip. Great job done and still £17 below budget (which I had not added a tip to).

    The Ritz was fantastic, we had a 3 course meal with glass of champagne. Extra wine, coffees and service took it to £100 which is over budget but it didn't feel like the time to skimp. They brought out a little cake with Happy Birthday written on it which we had boxed up and used to have a little candle blowing out moment for DD1. We will be doing a proper dinner and cake for her next weekend when her best friend sleeps over. The overspend on dining out came out of the family days out budget so that worked out well.

    DD1 loved all her presents too which I'm really happy about.

    OH checked his childcare vouchers and we had more than expected (£372 instead of the £124 we thought) so have readjusted YNAB. We now have some extra money to put to OH's travelcard.

    Definitely time for bed so night all!

    MW x
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • Kantankrus Mare
    • By Kantankrus Mare 9th Oct 17, 10:58 PM
    • 4,977 Posts
    • 11,817 Thanks
    Kantankrus Mare
    Ritz sounded wonderful!! I am very jealous! Eating out (and in) is one of my favourite pastimes.

    So pleased you had a good time, you deserve it!
    Make £10 a day challenge Jan/£215.84/ Feb £146.45/ Mar £192.55/Apr £171.20/ May £156.40/june £95.55/ Jul £383.85/Aug £211.60/Sep £282.35/Oct £122.54/Nov £271.08/Dec £80.49
    Walk 2000 miles in 2017....1628.14 miles
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

675Posts Today

5,044Users online

Martin's Twitter