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  • FIRST POST
    • muddywhitechicken
    • By muddywhitechicken 12th Oct 12, 10:29 PM
    • 3,793Posts
    • 34,608Thanks
    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 299
    • muddywhitechicken
    • By muddywhitechicken 13th Nov 17, 9:35 PM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    Thank you Michelle & PP
    Only another 17.5 lb to go - for the last ever time, no more yo-yo dieting for me!

    Received a letter from the building society - the interest on our mortgage will increase by £7.60/month from 1 December.

    1. Go to the gym a minimum of 20 times before 10 December.
    Yes [10/20]
    2. Follow the WW plan properly in November and at least 5x/week in December.
    Yes, 30/30 WW points [15/32]
    3. Reduce caffeine intake - maximum 1 coffee/day.
    Yes [15/32]
    4. Drink 1.5 L water/day (including weekends).
    Yes, 2 L [15/32]
    5. No late nights in November.
    I'll be in bed as soon as I've finished this post and washed my face! [15/32]
    6. No watching rubbish made-for-TV Christmas movies when I'm home alone midweek (I have identified this as a trigger for binge eating ). Go for a walk instead!
    No TV [15/32]
    7. Make a real effort to get to work early or on-time every day (my current punctuality is appalling)
    1 minute late [9/24]
    8. Meal plan from larder/freezer/garden in November. Only buy milk, yogurt, bread, fruit & vegetables.
    Store-cupboard tea - baked potato with masala-spiced beans* [11/32]
    9. No unnecessary spending!
    NSD [9/32]

    * A WW magazine recipe - I flicked through a copy of November's magazine whilst waiting for my massage on Friday and photographed all the recipes
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • greent
    • By greent 14th Nov 17, 6:26 PM
    • 6,420 Posts
    • 64,808 Thanks
    greent
    * A WW magazine recipe - I flicked through a copy of November's magazine whilst waiting for my massage on Friday and photographed all the recipes
    Originally posted by muddywhitechicken
    What a fab idea! - I've never thought to do that (dentist waiting room has some great magazines!) - doh!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) Bal 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    Next: BTL Mtge 12/16 £69786. 2017 OPs (#18) £5034/£3286
    Net sales 2017 £1221.45/£500 PAYDOX17 £11937/£10k Decluttered 1730/2017 items
    • muddywhitechicken
    • By muddywhitechicken 14th Nov 17, 6:51 PM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    What a fab idea! - I've never thought to do that (dentist waiting room has some great magazines!) - doh!
    Originally posted by greent
    I do it all the time - and not just in waiting rooms... I've been known to do it in the supermarket as well if the cover recipe looks good

    And friend's recipe books if there are only a handful of recipes I like!
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • gallygirl
    • By gallygirl 14th Nov 17, 8:31 PM
    • 16,455 Posts
    • 107,804 Thanks
    gallygirl
    And friend's recipe books if there are only a handful of recipes I like!
    Originally posted by muddywhitechicken
    Yup I can vouch for that . I do it as well - the difference is you actually make the recipes .
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • muddywhitechicken
    • By muddywhitechicken 14th Nov 17, 8:40 PM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    Yup I can vouch for that . I do it as well - the difference is you actually make the recipes .
    Originally posted by gallygirl
    It's a joint effort - I choose the recipes, Mr MWC cooks them
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • Secret Saving Squirrel
    • By Secret Saving Squirrel 14th Nov 17, 8:53 PM
    • 3,929 Posts
    • 36,200 Thanks
    Secret Saving Squirrel
    You are getting very close to mf now.... Do you have a life changing plan for when it happens, or will you just relax and enjoy?
    Paid off mortgage nine years early in 2013. Now picking and choosing our work to fit in with the rest of our lives!
    Still thrifty though, after all these years
    • muddywhitechicken
    • By muddywhitechicken 14th Nov 17, 9:31 PM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    I'm not sure SSS... after getting to know Tilly & gallygirl, Mr MWC is quite keen on buying a place in the sun

    We've OP'd a massive amount of money since deciding we wanted to be MFW in 2011 and have been mortgage neutral for a long time; however, our current thinking is to reduce our OP's to £500/month (i.e. treat our interest only mortgage like a repayment mortgage) and put our spare money into S&S ISAs, sharesaves, pensions and life experiences. This would mean that we were MF by the end of 2023 (although in reality a little bit sooner as I still plan to OP "free" money and TTs on top of the £500/month).

    I don't plan to be working in my current job (or full time in any job) by the time I reach 55 (January 2026). Mr MWC doesn't want to retire that early so I won't need to start drawing my pension then as we can live on his salary.

    There are several variables (redundancy, inheritances , stock options that may or may not pay out, Brexit...) so I'm sure lots will change before then!
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • muddywhitechicken
    • By muddywhitechicken 14th Nov 17, 9:59 PM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    1. Go to the gym a minimum of 20 times before 10 December.
    No [10/20]
    2. Follow the WW plan properly in November and at least 5x/week in December.
    Yes, 30/30 WW points [16/32]
    3. Reduce caffeine intake - maximum 1 coffee/day.
    Yes [16/32]
    4. Drink 1.5 L water/day (including weekends).
    Yes, 2 L [16/32]
    5. No late nights in November.
    I'll be in bed as soon as I've finished this post! [16/32]
    6. No watching rubbish made-for-TV Christmas movies when I'm home alone midweek (I have identified this as a trigger for binge eating ). Go for a walk instead!
    No TV [16/32]
    7. Make a real effort to get to work early or on-time every day (my current punctuality is appalling)
    30 minutes early so I went for a walk round the park before getting to my desk on time [10/24]
    8. Meal plan from larder/freezer/garden in November. Only buy milk, yogurt, bread, fruit & vegetables.
    YS chicken drumsticks from the freezer, 1/2 BNS LO from last week, pearl barley from the larder & salad leaves from the garden [12/32]
    9. No unnecessary spending!
    NSD [10/32]
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • edinburgher
    • By edinburgher 15th Nov 17, 8:31 AM
    • 10,738 Posts
    • 56,125 Thanks
    edinburgher
    It sounds like your work pension options may be moving to what is essentially a passive clone - i.e. a closet tracker fund - but with an extra layer of charges on top so that the fund manager doesn't starve It's really not so scary going DIY for your choices if you are sensible and stick to a plan.
    • muddywhitechicken
    • By muddywhitechicken 15th Nov 17, 7:37 PM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    It sounds like your work pension options may be moving to what is essentially a passive clone - i.e. a closet tracker fund - but with an extra layer of charges on top so that the fund manager doesn't starve It's really not so scary going DIY for your choices if you are sensible and stick to a plan.
    Originally posted by edinburgher
    It's quite scary ed!

    My IFA had a look and he thought the past performance was ok and the annual fund management charge is only 0.28%. I'll ponder for a few more weeks.

    Really rubbish and long day at work. I've had to ask one of our suppliers to initiate a CAPA - their incompetence left me speechless
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • gallygirl
    • By gallygirl 15th Nov 17, 8:25 PM
    • 16,455 Posts
    • 107,804 Thanks
    gallygirl
    their incompetence left me speechless
    Originally posted by muddywhitechicken
    Crikey. Must have been bad .
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • muddywhitechicken
    • By muddywhitechicken 16th Nov 17, 6:54 AM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    1. Go to the gym a minimum of 20 times before 10 December.
    No [10/20]
    2. Follow the WW plan properly in November and at least 5x/week in December.
    Yes... went out for lunch yesterday so not sure how many WW points but plenty of unused weeklies to offset [17/32]
    3. Reduce caffeine intake - maximum 1 coffee/day.
    Yes [17/32]
    4. Drink 1.5 L water/day (including weekends).
    Yes, 2 L [17/32]
    5. No late nights in November.
    In bed at 9.45 pm last night [17/32]
    6. No watching rubbish made-for-TV Christmas movies when I'm home alone midweek (I have identified this as a trigger for binge eating ). Go for a walk instead!
    No TV, too busy working... [17/32]
    7. Make a real effort to get to work early or on-time every day (my current punctuality is appalling)
    At my desk before 8 am (+ left just after 6 pm + working lunch + another hour at home = long day) [11/24]
    8. Meal plan from larder/freezer/garden in November. Only buy milk, yogurt, bread, fruit & vegetables.
    LO masala-spiced beans from Monday with a baked sweet potato [13/32]
    9. No unnecessary spending!
    NSD [11/32]
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 16th Nov 17, 8:57 AM
    • 569 Posts
    • 2,194 Thanks
    wishingthemortgaheaway
    Just a question - what counts as a late night?

    At the moment 9:30 is late for 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 16th Nov 17, 10:56 AM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    Just a question - what counts as a late night?

    At the moment 9:30 is late for me....
    Originally posted by wishingthemortgaheaway
    For me, anything after 10:00 pm Sunday-Thursday or 10:30 pm Friday-Saturday - I've never been able to party all night

    In October, I was having far too many 11:00 pm midweek bedtimes for no good reason.
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • michelle09
    • By michelle09 16th Nov 17, 6:59 PM
    • 395 Posts
    • 1,464 Thanks
    michelle09
    I'm with wishingthemortgaheaway unfortunately, but always been an earlybird.

    Sorry work is being rubbish.
    • muddywhitechicken
    • By muddywhitechicken 16th Nov 17, 9:32 PM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    1. Go to the gym a minimum of 20 times before 10 December.
    No [10/20]
    2. Follow the WW plan properly in November and at least 5x/week in December.
    Yes, 30/30 WW points [18/32]
    3. Reduce caffeine intake - maximum 1 coffee/day.
    Yes [18/32]
    4. Drink 1.5 L water/day (including weekends).
    Yes, 1.5 L [18/32]
    5. No late nights in November.
    Just need to iron a top for tomorrow, wash my face, slap on the lotions & potions and then I'll be in bed [18/32]
    6. No watching rubbish made-for-TV Christmas movies when I'm home alone midweek (I have identified this as a trigger for binge eating ). Go for a walk instead!
    No TV, we walked to Lidl instead [18/32]
    7. Make a real effort to get to work early or on-time every day (my current punctuality is appalling)
    Just on time today (and left 45 minutes early but I've worked hard this week) [12/24]
    8. Meal plan from larder/freezer/garden in November. Only buy milk, yogurt, bread, fruit & vegetables.
    HFW's spicy squash & mixed bean mole with brown rice - delicious and it met the brief [14/32]
    9. No unnecessary spending!
    £14.69 in Lidl on milk, yogurt, bread, fruit & vegetables [12/32]

    In financial news: £3.30 claimed from TCB and £9.81 TT (bank reward + tidying up of both current accounts)
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • pinkypig
    • By pinkypig 16th Nov 17, 10:05 PM
    • 714 Posts
    • 6,316 Thanks
    pinkypig
    I photographed some recipes out of two celebrity cookbooks in the staffroom today . Thanks for the tip

    Hope your work day had been better

    PP xx
    • muddywhitechicken
    • By muddywhitechicken 17th Nov 17, 8:56 AM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    I think work is going to be a nightmare for the next few weeks...
    A high priority project I'm working on needs to achieve a milestone this year because some numpty put it as a specific corporate scorecard goal
    That's not going to stop me leaving at lunchtime today though
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • muddywhitechicken
    • By muddywhitechicken 17th Nov 17, 8:25 PM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    1. Go to the gym a minimum of 20 times before 10 December.
    Yes [11/20]
    2. Follow the WW plan properly in November and at least 5x/week in December.
    Yes, 30/30 WW points [19/32]
    3. Reduce caffeine intake - maximum 1 coffee/day.
    Yes [19/32]
    4. Drink 1.5 L water/day (including weekends).
    Yes, 2.5 L [19/32]
    5. No late nights in November.
    Planning to be in bed by 9 pm - it's been a tiring week [19/32]
    6. No watching rubbish made-for-TV Christmas movies when I'm home alone midweek (I have identified this as a trigger for binge eating ). Go for a walk instead!
    No TV, we're listening to the radio [19/32]
    7. Make a real effort to get to work early or on-time every day (my current punctuality is appalling)
    On time again today even though traffic was busy for a Friday [13/24]
    8. Meal plan from larder/freezer/garden in November. Only buy milk, yogurt, bread, fruit & vegetables.
    Venison sausages from the freezer with roast root vegetables [15/32]
    9. No unnecessary spending!
    Spendy day - more groceries, petrol, CIN donation and massage (course of 5 + 1 free) [12/32]
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
    • muddywhitechicken
    • By muddywhitechicken 18th Nov 17, 8:37 AM
    • 3,793 Posts
    • 34,608 Thanks
    muddywhitechicken
    I must have been tired - I slept for 10 hours!!!

    Plans for today:

    Gym
    Meal plan & write shopping list

    More grocery shopping
    Buy wrapping paper & wrap nephew's gifts
    Pick PSB & salad leaves
    Tidy garden - use leaf blower/vac thingy
    Laundry
    Housework
    A little bit of work
    Discuss our social plans for the next 5 weeks - I'll be surprised if we haven't already double-booked ourselves...
    Mortgage at highest (April 2008): ~£195,000
    Outstanding balance: ~£41,500
    Current total overpayments: ~£116,750
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