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  • FIRST POST
    • CathT
    • By CathT 2nd Sep 10, 11:22 AM
    • 5,356Posts
    • 36,773Thanks
    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 206
    • michelle09
    • By michelle09 4th Jul 17, 11:59 AM
    • 395 Posts
    • 1,465 Thanks
    michelle09
    You don't exactly want to skimp on paying the people you're trusting with your children either! Hope you enjoyed your night out, though.

    The 1% doesn't go very far, does it? It's better than nothing though, I guess...
    • Moneyfordreams
    • By Moneyfordreams 4th Jul 17, 12:02 PM
    • 902 Posts
    • 4,396 Thanks
    Moneyfordreams
    my 1% payrise has been eaten up by 3.5% increased pension contributions !!! by the time I get to claim my pension they'll be taxing it no doubt.
    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 4th Jul 17, 12:39 PM
    • 395 Posts
    • 1,465 Thanks
    michelle09
    3.5% increase? Eek....
    • CathT
    • By CathT 4th Jul 17, 12:54 PM
    • 5,356 Posts
    • 36,773 Thanks
    CathT
    I got stung by the pension increase too, every April end up worse off!
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • greent
    • By greent 5th Jul 17, 10:14 AM
    • 6,420 Posts
    • 64,813 Thanks
    greent
    Are there no parents at school you could swap a babysitting night with? - or neighbours/ friends with lovely teenagers?
    x
    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
    • CathT
    • By CathT 5th Jul 17, 9:39 PM
    • 5,356 Posts
    • 36,773 Thanks
    CathT
    Good idea greent, we were out with a lot of the parents from school but definitely a thought for future nights.

    Busy day, the time goes nowhere between school runs. Bought more paint but can't face it for a few more days! Dh had fixed the toilet seat which saved us buying a new one.

    Really enjoyed the tennis earlier although DD had her piano lesson just after it started, very grateful for 8ky plus!

    No real money making or saving today although we had an inexpensive dinner which will help. Popped to h0mebase bargains yesterday, that store is dangerous as I could spend a fortune! Ended up just buying z0flora, pegs and letter writing stuff for DD.
    Last edited by CathT; 06-07-2017 at 9:06 AM.
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • CathT
    • By CathT 7th Jul 17, 7:15 PM
    • 5,356 Posts
    • 36,773 Thanks
    CathT
    Today has been a good day. Spent a couple of hours with a friend and then pottered at home between tennis matches. Currently watching Murray waiting for DH to get back with the children from football training.
    Pottered in the garden earlier, forgot to do the weeding *again* but did spend time supporting sweet peas and pinching out the shoots. Have a few blooms and hoping this will be my most successful year!

    Resisted wine this evening, I've been napping the last few days and wine is likely to send me to sleep. DH's hangover still fresh in his mind so he's happy to have some kind of fizzy water too.

    Had a gardener call earlier too as our lawn is damaged from the building work. I thought I'd sorted it but it has sunk. He's going to quote for some turf and mowing the lawns (not very MSE but I broke the lawnmower and it was actually damaging the lawn). Managed without a food shop today (as didn't need to go out for wine) so will do a top up shop to keep us going. We've done really well with the budget this month but since I have forgotten to plan a while week of childcare in the holidays this will get swallowed up with additional childcare fees. It pains me to spend a few hundred at this time of year even though we used to spend £6-800 a month, every month! You soon forgot don't you and spend that money on holidays
    Last edited by CathT; 07-07-2017 at 7:19 PM.
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • CathT
    • By CathT 10th Jul 17, 10:50 AM
    • 5,356 Posts
    • 36,773 Thanks
    CathT
    Productivity is the plan of the day. So far I have treated the lawns as advised by gardener, paid some money off cc and am just having a break from getting items ready for the charity shop and have a pile of clothes to pass down to family. I'm really struggling with fatigue at the moment and napping most days or falling g asleep by 7pm, if I keep moving I actually feel less tired.

    Finished a book yesterday so will definitely spend some time reading my next book today. It's raining here which is making me want to hibernate.

    Had started watching Riviera, anyone else watching it? Found it surprisingly good! Now torn between that and watching The Fall (we are a bit behind the times with that one).

    Need to keep spends low this week, payday is next week but we have a lot to pay out this month between childcare and the rest of our holiday deposit. Still striving for that balance!
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • CathT
    • By CathT 13th Jul 17, 6:54 AM
    • 5,356 Posts
    • 36,773 Thanks
    CathT
    Morning. Don't feel like I have anything productive to post at the moment. Am plodding but we have so many expenses this month including £350 childcare costs, £125 swimming lessons. DD is also playing football at regional level so need to find money for subscription and new kit.

    Who said having children is expensive?

    Hurry up payday next week! It is our last £300 in to the regular saver this month and we are not going to save at that level again which will help, as will the £2400 when it matures!

    Cleaner is calling today so I'm planning on moving the remaining clutter before the school run. Looking forward to coming back to a completely clean house!
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • shangaijimmy
    • By shangaijimmy 13th Jul 17, 7:24 AM
    • 2,227 Posts
    • 10,249 Thanks
    shangaijimmy
    Them pesky kids interuppting our MFW plans!
    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
    • CathT
    • By CathT 14th Jul 17, 2:21 PM
    • 5,356 Posts
    • 36,773 Thanks
    CathT
    Just popping in quickly, not a lot to update as just hanging in there until payday!

    50p on y0ug0v but have also spent almost £40 for a ticket for a night out for me with the girls. It's a new friendship group and should be a fab night. It's not until September and dh encouraged me to go as I really struggle to spend money on myself (new clothes used to be bought with nectar points!)

    Have been on iron tablets for 2 weeks and am still waiting for them to kick in. Have a busy weekend ahead as dd has 4 birthday parties! Fortunately she is old enough for us to leave her there and she'll have a fab time but I imagine she will be exhausted by Sunday evening.

    Resisted spending at the n3xt sale (well I actually forgot about it and hadn't previewed anything) so some money saving there. List of expenses made ready to payout next week, think our wages will be in our account for a very brief time this month!
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • atypicalblonde
    • By atypicalblonde 14th Jul 17, 10:01 PM
    • 2,503 Posts
    • 15,865 Thanks
    atypicalblonde
    We have loved watching Riviera v enjoyable TV. Has filled a gap for us whilst waiting for GoT to return (3 sleeps!)
    MFW
    Mortgage 8.2.15 - £171,064.64 Mortgage 17.11.17 - £119,999.04
    Aiming to be MF 1.10.2020
    • CathT
    • By CathT 15th Jul 17, 7:44 AM
    • 5,356 Posts
    • 36,773 Thanks
    CathT
    We have loved watching Riviera v enjoyable TV. Has filled a gap for us whilst waiting for GoT to return (3 sleeps!)
    Originally posted by atypicalblonde
    Big GoT fans here too!

    We were in the middle of Riviera when our TV went bang last night! Very inconvenient, it's 9 years old but would have preferred it to last a bit longer even though it was showing signs it was on its way out. Volume would be max when we turned it on, odd black crack type line on screen etc but I'd got used to those!

    I actually think we are going to have to reduce our mortgage overpayments for now to cope with the short term spending
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • museumworker
    • By museumworker 15th Jul 17, 9:45 AM
    • 1,968 Posts
    • 11,127 Thanks
    museumworker
    FOUR kids birthday parties? I'm exhausted just thinking about it!

    A very dramatic exit on the part of the telly! Our old school fat back one is still going after 12 years, which the teenager is very embarrassed about. These things all come at once, hope a short break from the OP will get you back to where you want to be.
    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
    • CathT
    • By CathT 16th Jul 17, 2:33 PM
    • 5,356 Posts
    • 36,773 Thanks
    CathT
    DD is currently at party number 3!

    New TV bough yesterday, DH was looking at ridiculously big TV's but we bought a 40 inch for £249 which we were both happy with.

    Rang 8ky yesterday as was sure deal was coming to an end. We have knocked the sports off our bundle and knocked £13 a month off the bill, got this deal for the next 18 months which I am happy with.

    Having a very lazy day, I'm not feeling great as been struggling with fatigue recently an today my legs are really aching and I am exhausted. Ds woke up being really sick last night (not like him at all) but he is much improved today and has been eating. He wanted to watch Home Alone as he remembers watching that last time he was unwell.

    Overpayment SO has been reduced so we can catch up with ourselves financially. We have an expensive couple of months before things get easier in September.

    I was worried broken things were going to happen in 3's. First the tv then yesterday I realised our house phone is completely dead and won't charge. Hoping we have had our 3rd as dh noticed my front tyres need replacing. I'll take his car tomorrow so he can sort it out. Hoping that is our lot!

    Not much planned for the rest of today. Will watch tennis final and have a little browse on here whilst trying to stay awake!
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • CathT
    • By CathT 19th Jul 17, 2:21 PM
    • 5,356 Posts
    • 36,773 Thanks
    CathT
    Quietly plodding! Hung some washing on the line hoping it dries before the weather changes. I do love a good thunderstorm though and it always reminds me of watching one as a child eating choc-ice

    DH has checked his payslip and the bonuses and overtime have paid off so the money shuffle will be a lot easier tomorrow

    End of term approaches for the children and they are definitely ready! It does mean longer evenings for us though as they are going to bed a little bit earlier.

    Don't know if it's been available for a while or I have only just noticed it but downloaded the y0ug0v app today so have downloaded that so can hopefully do more surveys as it's slow process over there.

    Am way behind on diaries so will try and catch up to see what you're all up to!
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • shangaijimmy
    • By shangaijimmy 19th Jul 17, 9:16 PM
    • 2,227 Posts
    • 10,249 Thanks
    shangaijimmy
    My boys are just shattered now. Last day tomorrow and a perfect start to hols with a long caravan weekend!
    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
    • CathT
    • By CathT 21st Jul 17, 11:21 AM
    • 5,356 Posts
    • 36,773 Thanks
    CathT
    My boys are just shattered now. Last day tomorrow and a perfect start to hols with a long caravan weekend!
    Originally posted by shangaijimmy
    Sounds great Jimmy, hope you all have a fab time and you have dry weather.

    All the money shuffles done, all spending balanced as have used the cc in an effort to stooze to save on interest. Replacement tyre was £44 and I need another one replacing in the next month or so. Childcare, football club and swimming lessons also paid for.

    Have paid another £70 off the holiday balance but I am mindful it is the summer holidays and we may need some extra disposable income. Have left us with a budget of £300 disposable income which is ample as food/fuel is in a separate account. That said, I've just spend £36 on tickets to see a famous comedian locally so that's something to look forward to.

    The pension age increase makes for depressing reading and I am mid 30's. I should have a fairly generous public sector pension but DH's pension is poor (he has a stakeholder one plus the new employer one) but in total only contributes about £100 a month so I know we need to do something about this.
    Nov 2017 -
    part 1 - £79,999
    part 2 - £46,117
    Total - £126,116
    • newgirly
    • By newgirly 21st Jul 17, 11:37 AM
    • 5,861 Posts
    • 40,040 Thanks
    newgirly
    Our pensions plans have taken a back seat too cath, it's next on the list after the mortgage
    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.
    • Cream Tea
    • By Cream Tea 21st Jul 17, 9:17 PM
    • 419 Posts
    • 1,984 Thanks
    Cream Tea
    We're in a similar boat, we increased DH contributions as his is a basic one. Are you in a position to up his contibution or look at other options? We're putting off increasing DH again until our debts are more manageable but I often wonder will we ever feel comfortable enough to increase it again or will we always prioritise debt/ mortgage etc and then find we are too late! Scary thought but my Dads often on me about it.
    CT
    Mortgage £269,432 £262,860 / MF date June'49 June'49
    Debt £27,798/£24,829 / Debt Free Est. July'21 Sept'2019

    Updated 01/09/17
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