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  • FIRST POST
    • CathT
    • By CathT 2nd Sep 10, 11:22 AM
    • 5,359Posts
    • 36,794Thanks
    CathT
    CT's attempt at being mortgage free
    • #1
    • 2nd Sep 10, 11:22 AM
    CT's attempt at being mortgage free 2nd Sep 10 at 11:22 AM
    Hi all,

    Originally came across this forum and had the idea of OP in the short term while interest rates so low but have been so inspired to make being MF a realistic goal.
    Initially was inspired by Financial Bliss's diary and then read many others taking in lots of tips and posting the occasional comment.

    So, a bit about me. Live with DH and DD (aged 2) with outstanding mortgage of just over 119,000 with about 19.5 years left on the term. We are young ish! and would hope to be MF by time i'm 40 (DH 45) so pretty much a 10 year ish plan.

    We have a fair income (about 40k joint) but have been used to living on a lot less so am hoping to direct disposable income at mortgage)

    Thanks for reading so far and I hope you will join me on my journey to keep me motivated!!
    Last edited by CathT; 20-12-2011 at 1:49 PM.
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
Page 203
    • CathT
    • By CathT 16th Apr 17, 3:47 PM
    • 5,359 Posts
    • 36,794 Thanks
    CathT
    We've had a really productive day so far. It's amazing what we can achieve when we don't go out for the day.

    We have sorted out 3 bedrooms today, clothes swapped over for dd and ds and found some suitable for the car boot sale. Also managed to put away bags of clothes we have for both of them in the next size. Found lots of clothes suitable for our holiday aswell so won't need to do much holiday shopping. Ds's toys condensed and all his smaller figures are in one basket and everything else on his shelving unit or on top of his cupboard. It looks so much better. We have moved a unit out of our bedroom and managed to turn our bed around which suits the room better and means it's easier to get in the wardrobe!
    The snug is filling up nicely with items for sale and we have garden toys to add to that too. Be nice if we made £50 profit next week

    Took the children to the park to play football and I've almost hit my step count for the day. Think I've found myself a new fitness activity!
    Last edited by CathT; 16-04-2017 at 4:59 PM.
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • CathT
    • By CathT 16th Apr 17, 10:53 PM
    • 5,359 Posts
    • 36,794 Thanks
    CathT
    Sold leftover carpet for £20 on fb and it was collected almost straightaway. I'll pay that off a cc first thing tomorrow. It rained late afternoon which saved me doing it with the broken watering can. I must buy a new one tomorrow. I'd spotted some lovely plants in the zoo recently and discovered they are evergreen azaela. I saw some in h0mebase for £3.99 when i went to buy grass seed and am really tempted to buy some although i don't know exactly where I'd plant them!

    Dh working for a few hours in the morning then we are off to the zoo hopefully whilst the joiner fits the utility room. I can't wait for that to be done! It's going to finish off the extension works perfectly.
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • AlexLK
    • By AlexLK 16th Apr 17, 11:29 PM
    • 5,823 Posts
    • 30,233 Thanks
    AlexLK
    I would not have thought about selling left over carpet. Have some in the workshop and will now try to get rid of it, thanks Cath.

    Azaela are lovely and flower twice per year - we have some bordering our flower garden. Bought them a few years ago from Tesco for 25p reduced from £5 IIRC.

    Glad to hear the extension is almost finished.
    Saved £11,000 in 2015, £9,800 in 2016.
    From a £32,000 debt on 2/9/2013 to debt free on 12/1/2015.
    • CathT
    • By CathT 17th Apr 17, 7:59 AM
    • 5,359 Posts
    • 36,794 Thanks
    CathT
    I would not have thought about selling left over carpet. Have some in the workshop and will now try to get rid of it, thanks Cath.

    Azaela are lovely and flower twice per year - we have some bordering our flower garden. Bought them a few years ago from Tesco for 25p reduced from £5 IIRC.

    Glad to hear the extension is almost finished.
    Originally posted by AlexLK
    It sold really quickly Alex and in hindsight I could have charged more as had so much interest. It was over 5m long but fairly narrow as it was leftover from DD room. I have used fb selling sites quite a lot over the years especially as the children outgrew things.

    I didn't know they flowered twice a year so that's a bonus. I'd like to put them in the ground by am aware they need ericaceous compost but wondering if i could just plant and use an ericaceous fertiliser. We don't have many plants in the ground and they don't do particularly well in pots.

    Had an early start this morning so have already painted a door. It was either that or a workout! Just having a coffee and a browse on here whilst it dries then I'll do another quote. Our decorator said the doors need four coats and I'm usually not very good at giving it that final coat so am glad i know it NEEDS four!
    Last edited by CathT; 17-04-2017 at 8:37 AM.
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • AlexLK
    • By AlexLK 17th Apr 17, 5:57 PM
    • 5,823 Posts
    • 30,233 Thanks
    AlexLK
    I'm going to have to investigate selling sites on facebook, there's quite a few things I could get rid of that isn't worth a lot of money and could be of interest.

    Ours flower twice a year. They were just planted into the soil and have stayed healthy.

    Re. you already painting a door before 8.30am. Wish I could be that active in the morning.
    Saved £11,000 in 2015, £9,800 in 2016.
    From a £32,000 debt on 2/9/2013 to debt free on 12/1/2015.
    • CathT
    • By CathT 18th Apr 17, 8:27 AM
    • 5,359 Posts
    • 36,794 Thanks
    CathT
    It is worth it especially for larger items. Some people do want items for next to nothing though! I'd been awake since 5:20am so was raring to go by 7.

    Post bank holiday bank accounts checked. Credit card payments still to debit account so will check cc at the end of the week. Carpet paid for yesterday and by adjusting utility and carpet expenses to come out of extension fund we are only missing £505 of my backpay! At least that's an improvement

    50p on y0ugov so 450 points to go.57p Tilly tidy today and have looked into a cc balance transfer deal. It's a 3.5% fee but 0% until July 2020. I'm undecided whether to add some or all of the t3sco balance as psychologically i don't like the idea of the cc debt going up but it's costing us money. I've tried to use it to stooze this month gor our bigger expenses, however I may need to bite the bullet and transfer it.

    Sun is shining so I'll put out the washing and see what today's plan is. Children are still off and I'm back to work tomorrow so hopefully we can do something fun
    Last edited by CathT; 18-04-2017 at 12:13 PM.
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • CathT
    • By CathT 19th Apr 17, 6:54 AM
    • 5,359 Posts
    • 36,794 Thanks
    CathT
    Morning, it's hump day and my first of two working days this week. I honestly think 2-3 days at work is ample!

    We had a simple but productive day yesterday. I took the children to the park twice and dh took them when he got in from work aswell. I had a diary catch up whilst they were out and after reading about flowers on Watty's diary decided to dig a border in the garden! Part of the garden is landscaped but only suitable for pots rather than in the ground. I will grow sweet peas successfully this year!

    Joiner friend called yesterday and the utility room units are in. Still need the doors, plinths and worktop but it's really taking shape. He's calling again today so it will be mostly finished by the time i get in from work
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • CathT
    • By CathT 23rd Apr 17, 7:30 AM
    • 5,359 Posts
    • 36,794 Thanks
    CathT
    Morning. Have been awake since just before 5am so having a quick coffee before tackling today's jobs. Interestingly it seems the early hours is ideal to find solutions to some stresses we are experiencing at the moment. All will be ok as i have a plan!

    Budget needs to be reworked as dh is losing his bonus at work and his hours are changing which means overtime will be impossible. This has been the stressful situation as i think he's going to apply for another job which has plus and minus points. Thankfully we have never factored this into the budget but it went towards a little extra in dh pocket, a mortgage OP and the overtime always came in handy.

    50p on youg0v yesterday so am close to payout, sold some leftover worktop for £20, returned unused utility items for a £79 credit note and sold some garden toys for £5 which are being collected later. Dh is currently at a carboot sale so it's major decluttering here!
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • newgirly
    • By newgirly 23rd Apr 17, 8:51 AM
    • 5,867 Posts
    • 40,052 Thanks
    newgirly
    Sorry to hear about the overtime loss, glad you didn't rely on it so it's not such a major impact on your lives.
    MFW 21
    Target for 2017 £38,545 / £17,514.78 paid so far

    Mortgage £47,354 years 8 months left. Total owed £62,871.22 planning to clear in 18 months
    Weight loss target 37lb/22lb gone.
    • Moneyfordreams
    • By Moneyfordreams 23rd Apr 17, 10:12 AM
    • 902 Posts
    • 4,398 Thanks
    Moneyfordreams
    change is often good
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £158200
    h@lifax CC £4300 0% until May 2018.. will pay minimum for now, slow stooze
    CC daughter gift and holiday spends £2200
    • michelle09
    • By michelle09 23rd Apr 17, 4:58 PM
    • 395 Posts
    • 1,481 Thanks
    michelle09
    Sorry to hear about the OT loss - but maybe a new job will be a good thing? Or maybe DH will make more money as basic in another one.
    • chumpy45
    • By chumpy45 23rd Apr 17, 6:07 PM
    • 315 Posts
    • 1,366 Thanks
    chumpy45
    Another one here sorry to hear about overtime loss. Agree that's its lucky you didn't already factor it in. Hopefully a new job will make up for the loss.
    Starting Mortgage 01.08.08 £171,209.24. Mortgage as at 01.09.15 - £54,780.04; 01.11.15 £49,577.04;01.03.16 £45,799.32; 01.08.16 £42,418.93; 01.10.16 £40,119.5 01.02.17 £36,584.00; 01.04.17 £34,694.71 09.06.17 £32,828.89 MFW Target date Sept 2017;
    • CathT
    • By CathT 23rd Apr 17, 8:38 PM
    • 5,359 Posts
    • 36,794 Thanks
    CathT
    Thanks everyone. Everything happens for a reason so we will see what happens if dh decides to pursue a different job opportunity.

    Productive day today apart from me needing a nap at 5:30pm! Dh made £70 profit at the carboot sale and garden items collected this afternoon so that was another £5. I've paid that £75 straight off the cc although i still need to arrange a balance transfer. The builders have completely finished now so if the invoice comes through in the next few days i will pay and surplus extension fund off the cc too so we can reduce balance transfer fees. Workout done this morning and i also mowed the lawn (well what's left of it!) Not sure if one of those things specifically wiped me out today or if it was a combination of it all!

    We let the children stay up later tonight so we could all watch a film together, we watched Tarzan and all really enjoyed it! Think the children enjoyed staying up late and as their school has a training day tomorrow and dh has the day off, why not? They both did really well as they usually go to bed at 7pm, here's hoping for a slight lay in tomoro!
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • CathT
    • By CathT 25th Apr 17, 7:08 AM
    • 5,359 Posts
    • 36,794 Thanks
    CathT
    Quick update from me this morning.

    Current account looking slim already but that's just for extra spends which we just won't do! We really need a frugal month and we don't have any expected expenses so the challenge is on!

    N3xt statement came through from when i ordered the wallpaper. I'd returned 2 rolls and only one had been refunded to the account. Quick phonecall to customer services and the other £15 has been refunded.
    Still waiting on bill from the builders so looks like I'll have to arrange a balance transfer later otherwise I'll be cutting it fine!

    Plan for this month is mindful petrol use and careful food shopping. A challenge is always good!
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • CathT
    • By CathT 29th Apr 17, 3:40 PM
    • 5,359 Posts
    • 36,794 Thanks
    CathT
    It's been a few days without an update due to a busy week and I'm really grateful for a 3 day weekend.
    Have done a few financial admin tasks this morning...
    • Paid final builders invoice. We came in at just under 40k which we are really pleased with as our house is now amazing!
    • Paid Next bill and refund has also been sorted
    • Paid some money off t3sco as made some profit from business
    • Paid water bill
    • CC balance transfer done
    I've also done a 50 point survey on y0ugov so now up to 4700, hopefully the election will lead to a steady stream of surveys! I need to rework our budget due to both of us having a reduction in our take home pay. In addition to the changes for dh job my pension contributions have increased! On a positive note I have found £250 spare cash in our bills account so transferred that to our current account for now. There should also be some spare cash in another account as piano lesson bill this month is low. I've still budgeted based on the old costs so there's always spare which is good especially now our income is reduced! I do wonder if we'll ever have decent payrises again!


    Sold our old fridge freezer today so we have a bit more space now that has been collected. I should be doing something productive but I'm sat with a blanket eating granola!
    Last edited by CathT; 29-04-2017 at 5:15 PM.
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • debtfreeoneday
    • By debtfreeoneday 1st May 17, 6:43 AM
    • 2,782 Posts
    • 9,515 Thanks
    debtfreeoneday
    Same here re Yovg0u, I thought yey - lots of surveys about the election!
    DFW (08/08) £64,346.53
    Credit card debt: £3,346.29 over three credit cards.
    MFW (01/15) £118,031.21 £95,324.07
    • PurpleFairy26
    • By PurpleFairy26 1st May 17, 8:02 AM
    • 1,921 Posts
    • 12,900 Thanks
    PurpleFairy26
    Hi Cath. Lovely that your getting yourself straight again in the house and the builders have gone. Can I ask what you 'got' for £40k was it single or double storey? Just interested as we're just planning ours and I'd be keen to know.

    Enjoy your 3 day weekend.
    • Moneyfordreams
    • By Moneyfordreams 1st May 17, 10:30 AM
    • 902 Posts
    • 4,398 Thanks
    Moneyfordreams
    my pension went up too!! on a flat months pay so £500 less than normal. Hope you are enjoying your new living space and it has all been worth it for you
    Mortgage Feb '13 £200000, end 2038. Aiming for before March 2025 (crunched to 2034)
    January 16 £182800 : minimum £360 OP but needs to be £600 to achieve 2025
    Current mortgage £158200
    h@lifax CC £4300 0% until May 2018.. will pay minimum for now, slow stooze
    CC daughter gift and holiday spends £2200
    • CathT
    • By CathT 3rd May 17, 6:58 AM
    • 5,359 Posts
    • 36,794 Thanks
    CathT
    Hi PF, that was for a 2 storey extension and some internal alterations including pitching the garage roof. Think around 32k was the extension cost. We had an 18x8 ish extension, shower room supplied, fitted and fully tiled, utility room built but not finished from that budget and a bedroom above. The whole build was done up to being ready for decorating. We used a company who did the structural work and subcontracted the rest.

    Was a bit of a shock MFD, honestly every April I am worse off! I'm hoping for a cracking pension though!

    Blinds fitted in DD bedroom yesterday which look fab and was only £145 for 2 windows. We've gone for a wood effect Venetian blind in cream and they look fab

    61p Tilly tidy today and bank account looking okay due to the various money transfers this week. I'll see what we had spare and send it somewhere useful!

    New healthy eating and exercise regime going well. Have done shred 5 out of the last 7 days and eating well. Water intake is good but stress levels are a bit high at the moment due to work pressures so not managing to switch off at the end of the day.

    Loving this sunshine and am only working 3 days this week so definitely seeing the positives
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • BookWorm
    • By BookWorm 3rd May 17, 9:09 PM
    • 2,288 Posts
    • 13,929 Thanks
    BookWorm
    I've also done a 50 point survey on y0ugov so now up to 4700, hopefully the election will lead to a steady stream of surveys!
    Originally posted by CathT
    Have you checked your profile settings to see what frequency you are set to receive surveys at? I only recently discovered it could be changed and so updated it to 'as often as possible' and now I get surveys more often
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