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  • FIRST POST
    • museumworker
    • By museumworker 15th Jul 17, 10:22 PM
    • 1,968Posts
    • 11,127Thanks
    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 3
    • museumworker
    • By museumworker 20th Jul 17, 9:59 PM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    :Can someone just slam my head against the wall
    Of course had a couple of drinks and ended up offering a round didn't need to get involved with. £35 spent, had 3 drinks and bought 1.5 for leaving friend, still think paid over the odds.
    I seem to be one of the few people who buys drinks for those who have bought me one but then get left out of rounds.
    Rant over. Going to stagger home
    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 20th Jul 17, 10:04 PM
    • 566 Posts
    • 2,182 Thanks
    wishingthemortgaheaway
    Oh no, i am you though MW too generous at dos.
    I hate to think I'm not paying my way, so end up overcompensating grrrr.

    Did you enjoy your evening out though? I guess that's all that matters really.
    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 20th Jul 17, 10:13 PM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    Oh no, i am you though MW too generous at dos.
    I hate to think I'm not paying my way, so end up overcompensating grrrr.

    Did you enjoy your evening out though? I guess that's all that matters really.
    Originally posted by wishingthemortgaheaway
    Glad its not just me! Definitely overcompensating. I suppose I would rather be too generous than too tight! And I am in a lucky position that we can afford to do so without any major financial impact.

    Yes, it was a good evening. I've given up booze due to ill health but found I needed a few drinks to cope with the social side of it. Hope the hangover will be ok tomorrow!
    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 20th Jul 17, 11:05 PM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    Wish, am home now and just wanted to say your message really cheered me up, thank you so much for posting it.

    I had someone who started at my old work just before I left come up to me and say how much they wish they had got a chance to know me. That means a lot, and shows what people think of me. A few quid over in a bar bill is really nothing to write home about in comparison.

    I managed 2 days worth of lunch food for £2.60 in cash today, and a v late night dinner, whoopsied bread and milk for £3 in cash too. Yes I will wince a bit when I see the round come through on the statement, but I've not been spending my personal allowance so this one is fine. Onwards and upwards.
    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 21st Jul 17, 6:43 PM
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    • 11,127 Thanks
    museumworker
    Today was really hard. Frustratingly I forgot my travelcard so £9 spent on travel unnecessarily.

    I did get through the day and get work done, I also spent nothing on lunch or snacks although had a £3 spend on coffees for a meeting. That was paid from cash and I WILL claim for next week.

    We had our free family day out tomorrow cancelled at short notice but we can reschedule for later in the year.

    I made 10p on 0nepoll !

    I think I've finished the calculations for OH pension contributions, they would involve him contributing an additional £1400 a month. As we are part way through the tax year it would be £2402 a month for rest of year (taking home approx £1300 pm less). It would wipe out our ability to overpay the mortgage this year BUT means we would be gaining £16,837 in his pension for £7,363 out of our pockets. There is no way we would get this sort of return from overpaying the mortgage. His pension is pitiful and boosting it like this would definitely help us move towards financial independence and early retirement. I could throw some small trickles at the mortgage this year then next year once the monthly pension payments go to £1400 look to overpay the £500 or so a month we would start recieving again in his monthly pay. He has dropped an email to the pension team but as they are slow to respond I think it would be best to fill in the paperwork now then adjust the percentage if needed.

    Anyway its Friday evening and I'm sitting in the garden with fresh mint we've grown steeping in a cup of hot water. There are nappies on the line drying ready to be sold. The sky is blue. And I get to have an early night after cuddles and stories with the kids. I can't ask for much more than that.
    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 21st Jul 17, 9:53 PM
    • 566 Posts
    • 2,182 Thanks
    wishingthemortgaheaway
    All those calculations.... they'd make my head spin, but I'm pleased you've sorted it. It does seem like a no brainier when you can double what you pay.
    Does it make a difference to you current tax situation? (Which is where I think this idea started. )
    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
    • theyoungone
    • By theyoungone 22nd Jul 17, 9:56 AM
    • 1,926 Posts
    • 11,545 Thanks
    theyoungone
    Hi MW
    Massive well done to you on your mortgage reduction
    Glad your feeling on the mend, I think life can get so hectic and fast sometimes we don't notice the toll it takes until something stops us!

    Love headspace app it's so good for s quick dose of getting into the present ....easier said than done as I often end up in mental to do (or shopping lists! &#128514 in my head!

    Love a shiny new diary and may make one of my own to focus on the final push. Haven't done exact maths but I reckon we may be only a year or so behind you !
    • museumworker
    • By museumworker 22nd Jul 17, 12:38 PM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    All those calculations.... they'd make my head spin, but I'm pleased you've sorted it. It does seem like a no brainier when you can double what you pay.
    Does it make a difference to you current tax situation? (Which is where I think this idea started. )
    Originally posted by wishingthemortgaheaway
    Definitely a head spinner but will helpfully end up more this as a result ->
    He will still be a higher rate tax payer but hopefully not subject to higher rate ch!ld benefit levy or whatever it is called.

    Hi MW
    Massive well done to you on your mortgage reduction
    Glad your feeling on the mend, I think life can get so hectic and fast sometimes we don't notice the toll it takes until something stops us!

    Love headspace app it's so good for s quick dose of getting into the present ....easier said than done as I often end up in mental to do (or shopping lists! &#128514 in my head!

    Love a shiny new diary and may make one of my own to focus on the final push. Haven't done exact maths but I reckon we may be only a year or so behind you !
    Originally posted by theyoungone
    Lovely to see you tyo, need to catch up on all your news. One year behind sounds like you're doing brilliantly, at this rate you'll probably overtake us. I need to practice headspace this weekend as have not done any this week and very aware of 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
    • museumworker
    • By museumworker 22nd Jul 17, 12:50 PM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    Have had much needed lie in thanks to OH taking charge with the kids. Feel much better already.

    We have had to top up the current with £100 from savings and imagine another £100 might be needed. We spent £86 on food for the week yesterday and our cleaner and window cleaner needs paying. Not ideal but as we had a £400 car bill unexpectedly this month and paid that from current I think we have done OK. Plus our MSE thinking only started again this month so will take time to make changes.

    Another £2.50 bonus from TCB this weekend, so bought DD2 15 pairs of pants, we are potty training and she can't have enough! These are a size up too. £12 plus 2% cash back plus £2.50 bonus. They are due to have flash £5 bonus so just thinking about what we need. DD1 wanted me to buy her a half price deal on ice skating tickets, she gave me the money and I got 5% back (so 50p). We used the cash she gave us to buy a present for a party today. OH also used the bread maker for the first time in ages this morning, so well done him!

    So plans for today:
    * practice headspace
    * finish paperwork and put back on shelves
    * kids party
    * keep eye out for £5 TCB bonus
    * read some diaries
    * pay window cleaner
    * see if can buy snack foods with Poundland voucher I have and cancel some from MrT shop Took off £7 worth then realised had forgotten £6 worth of shopping I did find out OH had added more to take it to £93 so at least I got it down to £85


    Tomorrow
    * return H&M items for refund
    * arrange collection of trade in books
    * get spare room ready for exchange girl
    * tip run
    * free play with kids / park / library if raining
    * headspace
    * Reseach cheap Sweden tips for holiday
    * email re: free tickets for next weekend event
    * yoga
    Last edited by museumworker; 22-07-2017 at 7:41 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
    • pinkypig
    • By pinkypig 22nd Jul 17, 6:29 PM
    • 714 Posts
    • 6,316 Thanks
    pinkypig
    Hi MW
    Just de-lurking to say thank you. I've followed your diary and am in awe of your achievements against the backdrop of real life and all its fun and games! I'm taking the plunge and starting a diary. I feel quite excited about the challenges ahead
    Thanks again
    PP x
    • museumworker
    • By museumworker 23rd Jul 17, 11:44 AM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    Hi MW
    Just de-lurking to say thank you. I've followed your diary and am in awe of your achievements against the backdrop of real life and all its fun and games! I'm taking the plunge and starting a diary. I feel quite excited about the challenges ahead
    Thanks again
    PP x
    Originally posted by pinkypig
    Thanks pinky, that's so kind of you. It makes a real difference to know people are reading and interested in my diary. Keeping one really helped me to stay focused in the past, and again now I've come back to it, and am sure it will with you too. Have subscribed and look forward to cheering you on.
    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
    • museumworker
    • By museumworker 23rd Jul 17, 12:02 PM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    Lovely kids party yesterday, both kids had a great time and a free tea. Really good to meet some of the parents as working full time we don't get much time on the school gates, so to speak. The present was bought with cash so no extra spending on the account.

    Used a £10 voucher for snacks for DD1 and the exchange student, and 5 of them I can enter competitions with too. I also entered a couple of competitions to win vouchers, we talked about making some changes to the living room which would involve buying new furniture so thinking perhaps could try and win vouchers to cover it.

    Paperwork is finished and on shelf, DD1 bedding washed and on the line. Younger kids playing happily by themselves so just grabbing a few minutes to myself.

    Using the government calculator it looks like for the next 7 months we will be £1175 down, whilst we get OH's pension payments up to speed. It will be very tight but I think we can do it with perhaps some need to tap into savings. This means overpaying will take a back seat until April, when we will be £575 down each month. Then we will be able to overpay £600pm, which would take our mortgage free date to around 8 years from now, say July 2025. It feels a bit strange recalculating our mortgage free date so soon after starting this diary but knowing we are adding an extra £15k to OH's pension a year for £7k difference in our take home pay means it really makes sense to slow down on the mortgage front. We may be able to do it quicker with a stretch and super stretch target but as we are looking at very tight times in the next few months to make ends meet I would prefer to focus on those and make sure we have sufficient contingency.

    Now time for a bit of headspace!
    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 23rd Jul 17, 12:17 PM
    • 4,893 Posts
    • 11,441 Thanks
    Kantankrus Mare
    Just dropping in to say "Thanks" for the Adrienne 30 days of Yoga reccomendation.

    Done the first one this morning! (With a slight hangover) and thoroughly enjoyed it so although I wont complete it in 30 days......I will gradually work through them which will hopefully help my 1 to 2 classes I can get to at the gym.
    Not too long either!!
    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 £208.03
    Walk 2000 miles in 2017....1490.18 miles
    • museumworker
    • By museumworker 24th Jul 17, 10:04 PM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    Just dropping in to say "Thanks" for the Adrienne 30 days of Yoga reccomendation.

    Done the first one this morning! (With a slight hangover) and thoroughly enjoyed it so although I wont complete it in 30 days......I will gradually work through them which will hopefully help my 1 to 2 classes I can get to at the gym.
    Not too long either!!
    Originally posted by Kantankrus Mare
    Well done, especially with a hangover . You're very welcome for the recommendation, really pleased you enjoyed it. They vary in length and content and will definitely support your sessions at the gym.

    Just had our welcome pizza meal out with the exchange girl, used Tesc0 clubcard vouchers to get £68 off the bill. Slightly underestimated food bill, so extras of food with drinks and service all came to £40 for the 6 of us. We really enjoyed it so will definitely be trading in our vouchers again . I went for the light pizza option too so feeling a bit virtuous. I did pick at some small treats at work but nothing outrageous.

    Everyone had packed lunches today, and I have made the girls one for tomorrow.

    Tackled a nearly overdue refund at lunchtime today so £53 heading back to the current account.

    Have done two sessions of headspace the last two days and will do another one in a minute before bed.

    OH heard back from his pension people, although they didn't really answer his questions but I have a P60 to look at in more details to see if it works out and he is going to speak to payroll too.

    Also excited to see £97 of cashback pending on TCB, although I have returned some items so this may go down. Ridiculous that this is from a month's worth of spends we were going to make anyway.

    V tired, night all!
    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 25th Jul 17, 9:29 AM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    Morning, OH took the kids in so had breakfast at home and managed to get dishwasher empty and refilled, clean laundry folded, a new load hung out to dry and a fresh load on. Not having to do the school or nursery run makes it much easier to keep on top of chores. Roll on September when we will only have to drop off locally!

    Today's MFW tasks are:
    * CB claim for DD2
    * Check Onep0ll
    * HSBC paperwork to return
    * Claim expenses
    * Mindfulness
    * Make packed lunches for tomorrow
    * Post 2x payslip details for OH


    DD1 and exchange girl out to shopping centre tonight and will eat there so no need to cook dinner, the whoopsied sausages can stay in the freezer for a meal next week. Brought in food had in fridge for lunch today so no additional food spends planned.

    Now time to work!
    Last edited by museumworker; 26-07-2017 at 2:14 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
    • themadvix
    • By themadvix 25th Jul 17, 10:58 AM
    • 1,117 Posts
    • 6,417 Thanks
    themadvix
    I wanted to ditto KM's thanks for the Adriene recommendation - I've started it too, and really enjoyed it, although it'll now have to wait until I have some space - unbuilt kitchen has taken over the living room!
    OPs 2017 = £2603/£10000
    S&S ISA = £300/£600
    OPs made 2016 = £6142.12
    Starting balance 2012: £132000; balance June 2017: £99,974
    MFW2017 no. 38
    • museumworker
    • By museumworker 26th Jul 17, 7:25 AM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    I wanted to ditto KM's thanks for the Adriene recommendation - I've started it too, and really enjoyed it, although it'll now have to wait until I have some space - unbuilt kitchen has taken over the living room!
    Originally posted by themadvix
    That's really good to hear Vix, thanks for stopping by to let me know. I was doing it sometimes in my bedroom in the very small gap between my wardrobe and bed. Every time she did a twist I would have to do a very awkward version of it, adapted for small spaces . I miss the yoga, due to health reasons my exercise dropped, plus the meds I'm on really affect my energy levels. I did manage to walk to and from the station yesterday though so v proud of that.

    OH got paid yesterday and for first time in many years sat down and worked out our incoming and outgoings. Net result is our nursery fees for DS paid upfront, money set aside for holiday spending, and pots set up for big annual expenses - insurance (car, home, holiday - £150); OH's travel card (£120) and paying back this year's child benef!t (£150). We started late so they won't be full by time we need them, but any spare money at the end of the month will go to topping them up. With it looking like OH's monthly take home will drop significantly for the next 7 months due to his accelerated pension contributions, we will need to make sure we have spare cash to hand.

    We are planning to try and get through to a week Sunday with only a £25 food shop - so topping up on fruit, bread and milk as needed. Wish us luck .

    Checking my bank balance daily as I have done the last 2 weeks has been a great motivator to keep our spending under control. I plan to keep this up and TT any pennies to our savings as an extra incentive to poke my nose in.

    I've also been thinking about my working pattern, and worked out what I want - more time for myself AND for the kids. I've realised that means asking for a 3 day week so I can have a day each to both of those priorities. It would make money INSANELY tight the next 7 months but would make me happier and hopefully help with my health. The only thing that has held me back is fear - of my career being damaged. However it would only be for a couple of years til DD is full time at school, and also I can't let fear hold me back from pursuing the life I want to live. More time to rest, exercise, blog, comp, be MSE... gosh it sounds like I need 5 days off a week.

    Time to get ready for work now, running late. Have a good day everyone.

    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
    • shangaijimmy
    • By shangaijimmy 26th Jul 17, 8:41 AM
    • 2,224 Posts
    • 10,238 Thanks
    shangaijimmy
    Just caught up on your progress. Some real life changing decisions made in here. I recently added an extra £50 per month to my pension contributions and the difference that small amount makes is remarkable. Keep up the good work!
    MFW: Turning June 2036 into March 2023... 32//120 Payments Challenge, Diary Reduction £34,271.00
    Aug 2009: £163,051 // Current: £101,729.00 // Avg Daily Interest £4.57
    MFiT-T4 #8 - 56.74% of £41,000
    • museumworker
    • By museumworker 26th Jul 17, 1:14 PM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    Just caught up on your progress. Some real life changing decisions made in here. I recently added an extra £50 per month to my pension contributions and the difference that small amount makes is remarkable. Keep up the good work!
    Originally posted by shangaijimmy
    I KNOW! And I'm only on page three of the diary. At this rate am wondering what the heck is going to happen by page 30??

    Well done on increasing your pension contributions, so important to think about future finances as well as current.
    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 26th Jul 17, 1:50 PM
    • 4,893 Posts
    • 11,441 Thanks
    Kantankrus Mare
    I know exactly where you are coming from with the three day working week. I currently work 3 days one week and four days the other. Would love to reduce this to three days every week, but funds wont allow.

    I have so much I like to do outside of work even though my kids are adults now and dont need me like they did when they were younger.

    I have an allotment, a gym membership, family to see, I like to bake and cook and see friends. Work just gets in the way.

    Paying off my mortgage would enable me to drop hours but thats not happening any time soon.

    Can sympathise with the attempting to do yoga in a small space as well. If I dont want an audience I do it in my bedroom too
    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 £208.03
    Walk 2000 miles in 2017....1490.18 miles
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