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  • FIRST POST
    • CathT
    • By CathT 2nd Sep 10, 11:22 AM
    • 5,151Posts
    • 35,437Thanks
    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 2017 -
    part 1 - £81,782
    part 2 - £46,814
    Total - £128,596
Page 205
    • CathT
    • By CathT 4th Jun 17, 9:13 PM
    • 5,151 Posts
    • 35,437 Thanks
    CathT
    Thank you shs and Alex. It definitely is about balance, how fab you have an apartment in such a great location. We have just booked next year's holiday to Benalmadina on the Costa del Sol.

    We have had a much needed lazy weekend as we are still exhausted. We let the children stay up late on Saturday as they wanted to watch the football but despite a slight lay in today I am still lacking in energy. I'm eating far too much sugar which I'm sure can't be helping so bought supplies to make healthy salads for lunches this week. My body is craving nutritious food!
    June 2017 -
    part 1 - £81,782
    part 2 - £46,814
    Total - £128,596
    • CathT
    • By CathT 7th Jun 17, 7:14 AM
    • 5,151 Posts
    • 35,437 Thanks
    CathT
    £50 y0ugov money has arrived and sent straight to the mortgage. It's a bit of a slog earning it but makes for a good OP.

    Living frugally day to day at the moment and food stores lasting well.

    Best wake the children, they are either still exhausted from holiday or finally good sleepers!
    Last edited by CathT; 07-06-2017 at 5:19 PM.
    June 2017 -
    part 1 - £81,782
    part 2 - £46,814
    Total - £128,596
    • CathT
    • By CathT 11th Jun 17, 8:28 AM
    • 5,151 Posts
    • 35,437 Thanks
    CathT
    Life is busy at the moment and struggling a bit with time management after getting used to switching off on holiday! Diet is terrible and no exercise has been done!

    However, we have booked another holiday we are going back to Spain in September. The budget says we can afford it so why not!

    Expensive weekend as DD needed new football boots as had outgrown hers (ds can have hers as he is quickly catching up with her) £42 spent! We need to spend another £14 at football today and it definitely adds up. Piano fees also due this week. I now understand why myself and siblings didn't get the opportunity to do anything outside of school!

    Hoping the sun makes an appearance later, I'm feeling rather overwhelmed and sunshine always seems to help.
    June 2017 -
    part 1 - £81,782
    part 2 - £46,814
    Total - £128,596
    • newgirly
    • By newgirly 11th Jun 17, 8:53 AM
    • 5,646 Posts
    • 38,709 Thanks
    newgirly
    Hi cath, glad you had a good holiday, plus another booked as well We all need a bit of a splurge sometimes and you are doing the right thing. My lot now don't want to go away with us when I finally feel ready to ease off the mortgage more and have more fun, typical!
    MFW 21
    Target for 2017 £38,545 / £10,784 paid so far

    Mortgage £49,452 4 years 10 months left. Total owed £69,512 planning to clear in 18 months
    Weightwatchers target - 29.5 lb start date 11/5/17 so far 8.5lb lost
    • CathT
    • By CathT 13th Jun 17, 6:40 AM
    • 5,151 Posts
    • 35,437 Thanks
    CathT
    All about timing isn't it NG. I know we only have a few more years of the type of holiday we are enjoying as a family.

    Payday is approaching so done a bit of a money shuffle to release spare funds. Another £120 paid off the holiday, I am tracking on a page in my A5 diary, not very technical or sophisticated but it works for us. Hopefully I can find some more payments before payday.
    June 2017 -
    part 1 - £81,782
    part 2 - £46,814
    Total - £128,596
    • CathT
    • By CathT 16th Jun 17, 6:50 AM
    • 5,151 Posts
    • 35,437 Thanks
    CathT
    Morning, got 50 points on y0ugov yesterday, food spends remain low and ee are scraping through the last few days until payday. I think I'm going to withdraw the £1400 in our s&s ISA to go towards the holiday as our other option is to suspend our £300 monthly mortgage overpayment which I would prefer not to do. Will run it by dh before I do it but I don't see him disagreeing!

    Have started a squat and plank exercise challenge, I'm only on day 2 but 55 squats and a 20 second plank already completed. Diet is healthy but only managing 2 litres of water and I aim for 3 litres daily, will rectify that from today

    Countdown to the weekend is on, have a 3 day weekend to look forward to and weather forecast is great so going to make he most of it. Planters in the garden are bursting with colour and sweet peas are growing well, I need to support them better though so will tackler that tomorrow. Thankfully the lawn has grown back well from the builders digging half of it up so all in all the garden looking good and ready to be enjoyed.

    Happy Friday everyone
    June 2017 -
    part 1 - £81,782
    part 2 - £46,814
    Total - £128,596
    • CathT
    • By CathT 18th Jun 17, 2:42 PM
    • 5,151 Posts
    • 35,437 Thanks
    CathT
    Lost a post earlier so trying again now.

    Not that much to report, payday for both of us this week so hopefully be able to pay a chunk off the holiday and set a frugal budget. We do have a night out with friends planned this month but childcare will be the biggest expense at £8 an hour it's a good job we don't go out very often!

    Weather continues to be glorious here and I've spent most of the weekend outside. Have tried to get jobs done early in the day before it gets too hot. Am sure it is hotter for you further South! Mowed the lawns this weekend but today managed to break the lawnmower! We have a big problem with stones in the lawn I just can't seem to get rid of following the build, however the lawnmower broke when I was doing near the driveway edging! I have a track record for breaking things on father's day

    Have just taken the children to a local park expecting it to be busy but it was really quiet and they had a fab time playing. Quick walk with them on their scooters was enough before hey got too hot and needed to come home for an ice cream.

    On the to do list today is tackle childcare for the summer holidays, one of my least favourite jobs!
    June 2017 -
    part 1 - £81,782
    part 2 - £46,814
    Total - £128,596
    • newgirly
    • By newgirly 18th Jun 17, 3:09 PM
    • 5,646 Posts
    • 38,709 Thanks
    newgirly
    We just drove by our local park and it was empty, I think it's just too hot , outside temperature was reading at 44 half an hour ago
    MFW 21
    Target for 2017 £38,545 / £10,784 paid so far

    Mortgage £49,452 4 years 10 months left. Total owed £69,512 planning to clear in 18 months
    Weightwatchers target - 29.5 lb start date 11/5/17 so far 8.5lb lost
    • CathT
    • By CathT 20th Jun 17, 10:31 PM
    • 5,151 Posts
    • 35,437 Thanks
    CathT
    We just drove by our local park and it was empty, I think it's just too hot , outside temperature was reading at 44 half an hour ago
    Originally posted by newgirly
    It's been hot enough here newgirly, the heat down south must be unbearable. It's been a bit cooler here today but I didnt mind as I was in work! Payday for dh and there were errors again. It was quickly resolved but as he clocks in and out I don't understand the errors! Paid another £120 off the holiday, good to see the balance coming down have sold some isa funds to pay a big chunk off. We never had plans for that money and I think it's worthwhile.

    We've also made a decision to have a cleaner and she's starting next month, I'm really looking forward to a shiny and sparkling house. We both work full-time and dh is busy extra-curricular stuff and our days just disappear.

    50p on youg0v, small but consistent steps
    Last edited by CathT; 20-06-2017 at 10:55 PM.
    June 2017 -
    part 1 - £81,782
    part 2 - £46,814
    Total - £128,596
    • CathT
    • By CathT 24th Jun 17, 3:24 PM
    • 5,151 Posts
    • 35,437 Thanks
    CathT
    Well doesn't the weather make a difference! Last weekend was spent at barbecues, water parks and paddling pools and generally enjoying the hot weather. Today we have been to the zoo and I wore jumper, coat and my boots!

    S&S ISA money is on the way to the current account, we have both been paid and plan to live within our means! We have an expensive weekend next week as have a night out and childcare to pay for. We've also organised childcare for over the Summer, still have two days to sort but main cost is £253 for both children so not too bad and I'm just relieved it's sorted!

    I managed to break our lawnmower last weekend so still have that to sort out but am tempted to get someone to mow the lawn for us! It's not been right since the building work and I'm undoing all the good work when I cut it! Buds are appearing on the sweet peas and we have 4 courgette flowers so last weekends sunshine has definitely helped.

    Not feeling too great at the moment and some self care is needed so am going to curl up on the sofa with a book, a nap is also a possibility!

    No wine for us this weekend and we actually hada nicer evening as we didn't fall asleep amdn managed to watch a film so think we will mostly continue with that. Wine also doesn't fit my macros and fitness is a priority for me, that reminds me I've not drunk any water yet today. I am so much better with the routine of work!
    June 2017 -
    part 1 - £81,782
    part 2 - £46,814
    Total - £128,596
    • CathT
    • By CathT 27th Jun 17, 5:26 AM
    • 5,151 Posts
    • 35,437 Thanks
    CathT
    Been awake since 3:30am so it's going to be a long day! My sleep patterns aren't very good at the moment and I'm exhausted before 9pm each evening. Even dh is staying awake longer than me and he's up ridiculously early for work each day.

    ISA money paid off the credit card so most of holiday is paid off before we need to pay the rest of the deposit for our 2018 holiday.

    150 points on youg0v last two days, still a long way to go but worth it when I reach payout!

    Sweet peas are starting to bloom in the garden so am looking forward to being able to pick them and have them in the house.

    Keeping day to day spending low and not spending huge amounts on food so that's helping us to strike the balance.
    June 2017 -
    part 1 - £81,782
    part 2 - £46,814
    Total - £128,596
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