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  • FIRST POST
    • muddywhitechicken
    • By muddywhitechicken 12th Oct 12, 10:29 PM
    • 3,801Posts
    • 34,684Thanks
    muddywhitechicken
    Making chicken feed of my mortgage
    • #1
    • 12th Oct 12, 10:29 PM
    Making chicken feed of my mortgage 12th Oct 12 at 10:29 PM
    Hello

    After reading lots of inspirational MFW diaries I have decided to start one of my own as a record of my progress and to keep me motivated.

    When we relocated to our current house 4.5 years ago we gained a bedroom but more than doubled our mortgage
    Luckily Mr MWC had a very generous 4-year relocation package and even luckier it was paid out in full when he was made redundant 6 months later…

    A little about the mortgage…

    July 2002

    Original mortgage (interest only)
    4.49% fixed rate
    Redemption date = July 2027
    £90,250

    April 2008

    Further advance (repayment)
    5.62% fixed rate
    Redemption date = April 2028
    £106,190

    October 2012

    Original mortgage (interest only)
    2.50% BMR
    Redemption date = April 2028
    £88,660

    Further advance (repayment)
    2.50% BMR
    Redemption date = August 2026
    £79,832

    We have been paying £134/month into a S&S ISA for the past 10 years to pay off the capital on the interest only mortgage - fingers crossed. Note to self: check performance of S&S ISA.

    We made our first OP of £2,750 to the FA last November and this year we have OP’d the equivalent of paying the FA twice a month, every month

    A little about me…

    41 years old
    0 children
    7 chickens
    Work FT in a job that bores me to tears but pays well and allows me to finish at lunchtime on Fridays

    A little about Mr MWC…

    Happy to OP as long it doesn’t affect our lifestyle
    Recent convert to topcashback

    Today I have…

    Sold 2 boxes of eggs @ £1.25/box
    Shined my sink (after scrubbing it and bleaching it first)
    Made sausage, barley & kale stew for dinner
    Been unable to locate a dividend cheque for £265 that came in the post last week…

    muddywhitechicken
Page 295
    • muddywhitechicken
    • By muddywhitechicken 12th Oct 17, 8:57 PM
    • 3,801 Posts
    • 34,684 Thanks
    muddywhitechicken
    back from a lovely, albeit spendy, long weekend visiting friends in Philadelphia Mr MWC had his photo taken at the Rocky statue and ran up the "Rocky Steps"

    We've received the quarterly dividend from Mr MWC's shares (~£300 x4 on ~ £24,000 of shares ). Funds to be transferred to MOP holding a/c.

    The autumn/winter salad leaves are growing really well and I've already picked the equivalent of 5 large bags of prepacked salad (I'm keeping count to see how cost effective it is - currently £7.19/bag...!)

    And finally, Waitrose have sent us some more £8 off a £40 spend + £5 off a £25 spend on wine coupons
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • Greying Pilgrim
    • By Greying Pilgrim 13th Oct 17, 8:11 AM
    • 3,929 Posts
    • 43,504 Thanks
    Greying Pilgrim

    And finally, Waitrose have sent us some more £8 off a £40 spend + £5 off a £25 spend on wine coupons
    Originally posted by muddywhitechicken
    Ooof, that's generous I just had a £4 off £30 spend with mrT. Mind, I struggled to spend it cost-effectively, as there is now very little in mrT that is cheaper (or same price) as things that I buy elsewhere, principally the discounters and '0me bargins. We had to go to our 'second one along' mrTin order to be able to get the offers on tinned E/E pulses/tomatoes, to make the voucher worthwhile for us, as it was.

    Long weekend sounds spiffing. Isn't it nice to 'be' somewhere that's been on TV or in the movies And did it seem like it is in the film - or smaller? I usually find places a lot smaller than they look on TV

    Greying X
    'Ich habe genug'

    'I am not in the pursuit of happiness, only in the discovery of joy' - Joyce Grenfell
    • muddywhitechicken
    • By muddywhitechicken 13th Oct 17, 8:04 PM
    • 3,801 Posts
    • 34,684 Thanks
    muddywhitechicken
    Ooof, that's generous I just had a £4 off £30 spend with mrT. Mind, I struggled to spend it cost-effectively, as there is now very little in mrT that is cheaper (or same price) as things that I buy elsewhere, principally the discounters and '0me bargins. We had to go to our 'second one along' mrTin order to be able to get the offers on tinned E/E pulses/tomatoes, to make the voucher worthwhile for us, as it was.
    Originally posted by Greying Pilgrim
    Last month was easy as lots of things I normally buy were on offer; this month will be tougher so I might stock up on some goodies for Christmas

    Long weekend sounds spiffing. Isn't it nice to 'be' somewhere that's been on TV or in the movies And did it seem like it is in the film - or smaller? I usually find places a lot smaller than they look on TV
    Originally posted by Greying Pilgrim
    I haven't seen the film Mr MWC says it was much easier to run up the steps than Sly made it look

    I'm up to 60,000 points on CP but I can't decide what vouchers to get...

    Today's dinner was roast cauliflower, almonds & barley with parsley & chilli from HFW's new book - it was a delicious, a definite keeper
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • muddywhitechicken
    • By muddywhitechicken 14th Oct 17, 10:12 PM
    • 3,801 Posts
    • 34,684 Thanks
    muddywhitechicken
    Mr MWC is spoiling me

    Squash & cauliflower soup with sage for lunch and bavette steak with roast new potatoes & chimichurri for dinner

    After a little nagging encouragement he decluttered his office this afternoon. Luckily I got him to check a couple of old external hard drives before he wiped and binned them... family photos and videos from 10+ years ago
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • apple muncher
    • By apple muncher 15th Oct 17, 8:22 AM
    • 6,631 Posts
    • 48,641 Thanks
    apple muncher
    A lucky rescue there! Well done.
    NST DDD#1; NSD 4/15; Ex 2/12; craft 11/30 (267); remove /31 (601)
    2017 MFW#63 Pay off: £3708/£4050; 2
    017 sell 351

    Mortgage £23,486 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • muddywhitechicken
    • By muddywhitechicken 15th Oct 17, 9:26 AM
    • 3,801 Posts
    • 34,684 Thanks
    muddywhitechicken
    A lucky rescue there! Well done.
    Originally posted by apple muncher
    Some VERY unflattering photos of us but some lovely photos of our no-longer-with-us mums and videos of the younger members of the family (looking forward to embarrassing them now that they're teenagers )
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • CathT
    • By CathT 15th Oct 17, 2:21 PM
    • 5,379 Posts
    • 36,915 Thanks
    CathT
    HFW book sounds good. I don't eat meat anymore and might look to this book for some inspiration.

    I'm also trying to balance mortgage freedom with regular holidays. No point being MF by 45 with nothing in the memory bank and childhoods missed.
    Dec 2017 -
    part 1 - £79,783
    part 2 - £45,999
    Total - £125,782
    • muddywhitechicken
    • By muddywhitechicken 15th Oct 17, 6:42 PM
    • 3,801 Posts
    • 34,684 Thanks
    muddywhitechicken
    HFW book sounds good. I don't eat meat anymore and might look to this book for some inspiration.
    Originally posted by CathT
    It gets the big thumbs up from The MWCs

    I'm also trying to balance mortgage freedom with regular holidays. No point being MF by 45 with nothing in the memory bank and childhoods missed.
    Originally posted by CathT
    Unfortunately, 45 has been and gone for me...! We're already starting to plan next year's holidays

    Current thinking is:

    January - a winter break on the quiet side of the mountain ("...gentle strolls, rides in chair lifts to panoramic viewpoints, boat trips across serene lakes, and horse-drawn sleigh rides through the forest…") - most probably Bavaria

    March/April - a long weekend somewhere warm with MSE chums

    June - 2 weeks in Croatia (fly/drive, island-hopping, city break & walking holiday in one!)

    October - 12 days in Canada for my Aunt's 80th birthday

    I take after my mum - she loved planning holidays too
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 15th Oct 17, 6:53 PM
    • 638 Posts
    • 2,506 Thanks
    wishingthemortgaheaway
    That sounds like a fabulous year of holidays to me.
    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
    • muddywhitechicken
    • By muddywhitechicken 15th Oct 17, 7:08 PM
    • 3,801 Posts
    • 34,684 Thanks
    muddywhitechicken
    WR Blueprint Shiraz also gets the big thumbs up from us

    Lunch was pineapple & cashew rice salad with hula pork & roast peppers using the uncooked shoulder of pork left over from the family party in August
    Lots of LO pork
    (we think there is a typo in the recipe and use at least 3 red peppers)

    Dinner was pork scratchings

    We won't be going on 4 holidays next year unless I stop spending money willy nilly... popped out earlier to buy milk (£1) and actually spent £29
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • apple muncher
    • By apple muncher 15th Oct 17, 7:47 PM
    • 6,631 Posts
    • 48,641 Thanks
    apple muncher
    Yikes. That must have been in a gold-plated bottle...
    NST DDD#1; NSD 4/15; Ex 2/12; craft 11/30 (267); remove /31 (601)
    2017 MFW#63 Pay off: £3708/£4050; 2
    017 sell 351

    Mortgage £23,486 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • muddywhitechicken
    • By muddywhitechicken 15th Oct 17, 8:43 PM
    • 3,801 Posts
    • 34,684 Thanks
    muddywhitechicken
    All stuff that'll be used BUT, apart from the milk, NONE of it needed this week... and just to make matters worse, we've already used 2/4 pints of milk so I'll need to go shopping again at some point this week...!
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • CathT
    • By CathT 16th Oct 17, 6:27 AM
    • 5,379 Posts
    • 36,915 Thanks
    CathT
    I often end up going to @ldi for milk/bread to avoid paying corner shop prices and end up spending £20! I guess it is stuff that's needed, just not right now.

    Holidays sound fab. We're going back to Spain in May but would love to stretch to a September holiday again aswell.
    Dec 2017 -
    part 1 - £79,783
    part 2 - £45,999
    Total - £125,782
    • michelle09
    • By michelle09 16th Oct 17, 7:09 PM
    • 451 Posts
    • 1,774 Thanks
    michelle09
    Least you are getting a lot more for your money at Aldi.

    Your holidays sound brilliant, you definitely need to enjoy life as well as pay off the mortgage.
    • muddywhitechicken
    • By muddywhitechicken 16th Oct 17, 8:15 PM
    • 3,801 Posts
    • 34,684 Thanks
    muddywhitechicken
    My mum also taught me to squirrel money away in several different places as well as spending it on foreign holidays! My 2017 sharesave statement arrived today - £6,900 - I currently pay in £300/month and that will increase to £500/month from 1 December The current share price is >40% higher than the average option price
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • muddywhitechicken
    • By muddywhitechicken 17th Oct 17, 7:33 PM
    • 3,801 Posts
    • 34,684 Thanks
    muddywhitechicken
    Another 2 bags of salad leaves picked (currently £5.13/bag) and gifted. Nowt else of interest!
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • muddywhitechicken
    • By muddywhitechicken 18th Oct 17, 8:51 PM
    • 3,801 Posts
    • 34,684 Thanks
    muddywhitechicken
    More salad picked (mainly the punchy-flavoured leaves) - down to £4.49/bag!

    The salad leaves were mixed with a pouch of ready cooked spelt/quinoa/red rice/wild rice from the store cupboard, roasted red onions, fried portobello mushrooms, peas, toasted pumpkin seeds and LO chimichurri sauce and served with roast chicken thighs

    1 week to pay day
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • earthgirl
    • By earthgirl 18th Oct 17, 9:04 PM
    • 2,470 Posts
    • 20,309 Thanks
    earthgirl
    Wow all of the meals and food combinations sound delicious! How costly or cheap are they? Do you find the more interesting the more expensive? I’m also a perpetual holiday planner
    15/5/12 Paid off Mortgage 1 (£220k) Dec 13 - £116,508 Bought Dream House Dec 14 - £94, 402 (£22,106 offset in 2014) Jan 16 - £67, 852 (£26,550 offset in 2015) Dec 16 - £33,529 ( £34,323offset in 2016)
    Jan 17 - £39, 773 (Re-estimation of endowments )
    June 17 £32,053 Sept 17 £22,619
    Kids savings 13,578/36k
    • muddywhitechicken
    • By muddywhitechicken 18th Oct 17, 9:47 PM
    • 3,801 Posts
    • 34,684 Thanks
    muddywhitechicken
    Wow all of the meals and food combinations sound delicious! How costly or cheap are they? Do you find the more interesting the more expensive?
    Originally posted by earthgirl
    It's not cheap but I don't think it's too expensive if you shop around, e.g. I paid £2/kg for the pork shoulder when it was on special offer in August, bavette steak is cheaper than rump steak, I bought big bags of cashews & almonds in the world food aisle as there are several recipes we want to try that use them. I also have an extensive range of ingredients in the store cupboard that were mainly bought on offer so usually it's just a question of buying the fresh ingredients.

    However, I am well aware that my idea of a "not too expensive" weekly shop would have me hung, drawn and quartered on other MSE forums
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • Watty1
    • By Watty1 19th Oct 17, 11:03 AM
    • 2,894 Posts
    • 20,044 Thanks
    Watty1

    However, I am well aware that my idea of a "not too expensive" weekly shop would have me hung, drawn and quartered on other MSE forums
    Originally posted by muddywhitechicken
    I know that one
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £27152
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