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  • FIRST POST
    • CathT
    • By CathT 2nd Sep 10, 11:22 AM
    • 5,112Posts
    • 34,824Thanks
    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.
    June 2010 £121,287
    April 2017 £81,658
Page 203
    • CathT
    • By CathT 16th Apr 17, 3:47 PM
    • 5,112 Posts
    • 34,824 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.
    June 2010 £121,287
    April 2017 £81,658
    • CathT
    • By CathT 16th Apr 17, 10:53 PM
    • 5,112 Posts
    • 34,824 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.
    June 2010 £121,287
    April 2017 £81,658
    • AlexLK
    • By AlexLK 16th Apr 17, 11:29 PM
    • 5,566 Posts
    • 28,461 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.
    Savings 2017: £1490. Overpayments 2017: £500.
    Saved £11,000 in 2015, £9,800 in 2016.
    From £32,000 in debt on 2/9/2013 to debt free on 12/1/2015.
    • CathT
    • By CathT 17th Apr 17, 7:59 AM
    • 5,112 Posts
    • 34,824 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.
    June 2010 £121,287
    April 2017 £81,658
    • AlexLK
    • By AlexLK 17th Apr 17, 5:57 PM
    • 5,566 Posts
    • 28,461 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.
    Savings 2017: £1490. Overpayments 2017: £500.
    Saved £11,000 in 2015, £9,800 in 2016.
    From £32,000 in debt on 2/9/2013 to debt free on 12/1/2015.
    • CathT
    • By CathT 18th Apr 17, 8:27 AM
    • 5,112 Posts
    • 34,824 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.
    June 2010 £121,287
    April 2017 £81,658
    • CathT
    • By CathT 19th Apr 17, 6:54 AM
    • 5,112 Posts
    • 34,824 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
    June 2010 £121,287
    April 2017 £81,658
    • CathT
    • By CathT 23rd Apr 17, 7:30 AM
    • 5,112 Posts
    • 34,824 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!
    June 2010 £121,287
    April 2017 £81,658
    • newgirly
    • By newgirly 23rd Apr 17, 8:51 AM
    • 5,548 Posts
    • 37,866 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 / £6,135 paid so far

    Mortgage £53,630 5 yrs 2 months left. Total owed £74,251 planning to clear in 18 months
    Weight loss target 2017 28lb target /1.5
    • Moneyfordreams
    • By Moneyfordreams 23rd Apr 17, 10:12 AM
    • 769 Posts
    • 3,641 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 £163000
    Car loan finished oct 16
    h@lifax CC £5000 0% until May 2018.. will pay minimum for now, slow stooze
    xmas, chairs, hoover, computer and holiday clothes cc
    • michelle09
    • By michelle09 23rd Apr 17, 4:58 PM
    • 148 Posts
    • 249 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
    • 274 Posts
    • 1,106 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 MFW Target date Sept 2017;
    • CathT
    • By CathT 23rd Apr 17, 8:38 PM
    • 5,112 Posts
    • 34,824 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!
    June 2010 £121,287
    April 2017 £81,658
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