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  • FIRST POST
    • chocoholic_chick
    • By chocoholic_chick 6th Jan 14, 9:55 AM
    • 576Posts
    • 2,749Thanks
    chocoholic_chick
    The next chapter!
    • #1
    • 6th Jan 14, 9:55 AM
    The next chapter! 6th Jan 14 at 9:55 AM
    I've been on the MFW wagon for going on a year and a half now and have had my ups and downs with it but now we're really wanting a new house and so the focus is now going to be more on overpaying to get enough equity in the house to get a bigger house! So not truly a MFW anymore I suppose?

    Anyways I had another thread/diary but was a bit rubbish at keeping it updated so ( probably like so many others ) thought new year, new diary! I have made a little bit of progress since starting my journey in Sept 2012, but my overpayments have been no-where near the impressive numbers some manage to do at a somewhat measly £1433.51. I had maybe unrealistic ideas about how much we could afford at times, and then new jobs, new cars etc got in the way!

    So I'm a member of the 2014 MFW challenge with an aim to OP £4000 this year, whether I make this or not remains to be seen but I'm going to give it a blooming good go!
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
Page 2
    • chocoholic_chick
    • By chocoholic_chick 26th Jan 15, 2:26 PM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    My new recipe for last week was coq au vin out of the hair dieters book, very nice it was too Haven't decided what this week's will be yet.

    That sausage recipe sounds lovely, let me know how it turned out

    So I have £500 sitting in my account ready to make an overpayment but can't find my mortgage account number which I need to quote when making it! Have emailed our mortgage broker to see if they have it, if not then it's hunt the paperwork out ( I will have it in the house somewhere )

    Made a bit of a mistake this weekend with our weekly shopping. Thought I was being really good buying a paper to get the £5 off at Aldi voucher. Went shopping Sunday and thought I'd best make sure I spend enough to be able to use the voucher... spent over £50 Our fridge and both freezers are rammed now so really shouldn't need to buy much at all over the next few weeks, just top up shops. Plan for tonight is to do a meal plan ( I went shopping without one?! ) and use as much of the glut of food up in the house I can whilst spending a minimum amount. Any surplus funds from our food budget will go towards the mortgage so there's another incentive there for me to keep spends low.

    Have had a fairly productive couple of weekends clearing out a load of clutter in the house ( it's amazing how much crap we have accumulated over the years! ). Determined not to end up with so much useless stuff again!
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • chocoholic_chick
    • By chocoholic_chick 26th Jan 15, 4:57 PM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    Found the info I needed so have sent a payment of £500 this afternoon
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • velocity_girl
    • By velocity_girl 26th Jan 15, 8:24 PM
    • 645 Posts
    • 15,756 Thanks
    velocity_girl
    Hi chocoholic chick, just getting into this MFW journey here so have just started reading your diary. Well done on the £500 OP!

    I just made the hairy dieters coq au vin for the first time last weekend too - it is yum isn't it?!
    2016 wins: £500 vouchers, Dr Bronner's toiletry goodie bag, chocolate hamper, Smashbox mini mascara & lash primer, £100, 58 inch TV, soundbar & Apple TV

    Save £6k in 2016 #72: £5450.56 / £6000
    • chocoholic_chick
    • By chocoholic_chick 30th Jan 15, 9:22 AM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    Thanks velocity! Hoping it's going to be the first of many. Now I have the details saved in my online banking it makes making OP's so much easier, and tempting to do!

    I loved the recipe, really felt like a treat having it!

    Haven't done so well this week meal planning and never got round to looking for a new recipe to try I watched that new Gregg Wallace programme that was on last night about saving money on food, I can't believe how much that family of 4 spent a week, and even after the savings they were still spending almost £200 a week?!?! I know there's only the two of us, but we manage to eat extremely well on around £40 a week normally so I can't begin to imagine what you must have to put in your trolley to spend that. It did make me look at just how much we have in though so I'm going to meal plan around that and try to keep food spends to a minimum for the next few weeks. Total spends for food in January haven't been too bad, it was a 5 week month for us and total for the 5 shops came to £212.55 so I'm quite happy with that This month is a 4 week month for us so I'm going to aim for £160 for food, I've put £220 in out pot so with any luck there should be some spare cash in there for an extra loan or mortgage payment towards the end of the month

    Done the pay day shuffle today so another £300 OP's on the mortgage Also need to dig out the details for the remaining loan we have left so we can start OP'ing on that too. Budgeted £200 a month so have seperated that out until I can find the details to send the payment.

    Right best go get sorted, got a lot on today!
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • chocoholic_chick
    • By chocoholic_chick 31st Jan 15, 1:21 PM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    Oh my gosh what a busy few days, I'm knackered!

    Sent DH to the supermarket to get pizzas and a bottle of wine last night as I got in from work late and couldn't be bothered to cook. He came back with said pizzas, wine, beer and a DVD and spent a whopping £43.79 Now I remember why I do the shopping and not him Which now means my budget of £160 for food for the month might not be achievable.

    We had a chat last night as well and decided that as buying a new home at the moment is our main priority rather than overpaying the loan and the mortgage we're going to just focus on the mortgage and if we have any money left over at the end of the month that will be paid off the loan. I've rang the mortgage company and we can overpay by up to £999.99 per month ( why not just £1000 is beyond me! ) so I'm going to send another £150 today and £50 tomorrow ( or we'd be 1p over if I sent it all today ).

    As we've now changed our goals I'm going to update my target and aim to OP our mortgage by £6,000 this year. Our loan I will aim for £1,000.00

    Also got our current mortgage balance which is approximately £89,213.00 so under the £90k mark
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • mrsninja
    • By mrsninja 1st Feb 15, 8:09 PM
    • 34 Posts
    • 159 Thanks
    mrsninja
    Hi, I watched that too and was amazed. I think it was £260 a week before they started. I guess it's up to people what they spend their money on, but I can't think how I could spend that much each week.

    I think ours is around £50 a week including food for our cats, but I'm doing the Feb Grocery challenge and have set myself a target of £200 just to see what it actually is. So far so good!

    This week it's a chicken week- got a roast today, then paella and risotto with the leftover's next week.

    Have a good week.
    • chocoholic_chick
    • By chocoholic_chick 9th Feb 15, 10:05 PM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    mrsninja my food spends are all over the place at the moment went armed with a shopping list and still managed to spend almost £50 this week. Total spends so far are £95.11, so if I want to come in on my £160 budget then each of my next two shops have to be around £32, won't beat myself up if I don't hit that but want to get as close to that as I can.

    Dinner tonight was chicken pasta made with the leftovers from yesterdays roast chicken. There might have been enough left for another meal if DH hadn't picked at it all yesterday afternoon!

    Had a busy week, was away with work for a few days and only got back Saturday morning so feel like I've got a lot to do around the house now to get caught up. It does mean that spends on my part at least were minimal last week as most was on expenses, we've not really spent much ( at least in comparison to what we normally would ) since we've been paid so if we keep that up it should hopefully mean there's a few pennies left before pay day to make either a loan or mortgage overpayment.

    Off for an early night, really miss my bed when I'm away!
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • chocoholic_chick
    • By chocoholic_chick 17th Feb 15, 11:35 AM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    This weeks shopping came in at a much better £29.22. I've meal planned for the week and batch cooked on Sunday so I shouldn't need to buy anything else before next weekend. It will also mean I'll still have plenty of meat left in the freezer so will just need the bits and pieces to make them into meals. So although the month didn't start out great we're back on track again.

    Managed to make another mortgage OP yesterday of £100, called the mortgage company today to get an updated balance which is now £88,406. Don't think we'll manage any more OP's before pay day now though as I've left us enough money to get to pay day but there's not really anything spare.
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • loopybecs
    • By loopybecs 17th Feb 15, 2:29 PM
    • 465 Posts
    • 1,741 Thanks
    loopybecs
    Hi CC, just read your diary, congrats on getting under £90K We have similar mortgage balances, though I have a feeling we won't be overpaying as much as you!! I'm just starting the whole cooking from scratch & freezing leftovers too, it's so much better isn't it Good luck!!
    Mortgage: £90,000.00 £80,157.31
    Barclaycard: £5,430.49 £4,800.00
    Post Office c/c: £1,335.35 £628.02
    Loan From Parents: £12,500.00 £12,500.00
    Single mama to 2 little girlies
    • chocoholic_chick
    • By chocoholic_chick 17th Feb 15, 2:59 PM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    Thanks Becs, we're really trying hard at the moment as we want to sell soon so need to have as much equity as we can. So once we buy a new house our overpayments will be minimal as our mortgage will be substantially more per month and we'll be borrowing a lot more Yeah it really does save money batch cooking and means that if you can't be bothered to cook you have a lovely home-made meal in the freezer that just needs heating up Beats a ready meal any day!

    Good luck with your journey
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • chocoholic_chick
    • By chocoholic_chick 25th Feb 15, 11:45 AM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    Nearly the end of the month and pay day

    Have really been good this month and managed to keep all unnecessary spends to a minimum, though it has felt like we've lived like hermits most of the month so in reality not sure how long we could keep that up for. Meal planning this month has really paid off, despite OH's hiccup at the beginning of the month I've managed to keep food spends under control and they've come in at just over £180. This includes several bottles of wine as well!

    As a result of keeping our spending under control I've managed to siphon off another £50 as a potential OP before payday. We literally have no money at all left until pay day, but that's only a couple of days away and we have enough food in to see us through and no other spends needed so I should be able to send that. All being well I think I'll transfer that payment tomorrow night, just to be safe! Then I'll do another OP on Friday when I get paid
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • chocoholic_chick
    • By chocoholic_chick 27th Feb 15, 8:29 AM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    It's pay day

    Have done my money shuffle and quite pleased with our progress this month
    • A total of £900 overpaid on the mortgage
    • Increased our savings by £869.79. Total now stands at £5296.30
    • Meal planned and savvy shopped to reduce grocery spends, total for the month was £181.41 which is a saving of almost £80 on what we'd normally spend

    I can't say we'll be able to do the same each month, I've used alot of our freezer stocks so will probably spend more on food this month. Will ring the mortgage company sometime over the next few days to get an update to the balance after the £750 payment sent today.
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • Luckyinlife
    • By Luckyinlife 27th Feb 15, 9:55 AM
    • 1,611 Posts
    • 6,036 Thanks
    Luckyinlife
    Thats amazing great job thats a big overpayment well done :]

    Do you work out how much interest you save yourself each time you overpay or do you just try the get the balance down as much as you can
    Mortgage--- £67700 March 15 £65221 April 15 £64983 July 15 £64780 sept 15 Remortgage £67295 oct 15 £66599 Nov 15 £65878.73 Dec 15 £64834 1st Jan 16 Feb 16 £64,511.89 March 16 £64,056.40 April 16 £62550 May 16 £62,396.20 Feb 17 £60.800
    Emergency fund 23k
    • chocoholic_chick
    • By chocoholic_chick 28th Feb 15, 11:00 AM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    Thanks! No I've not worked out the interest savings, not really sure how I'd do that in all honesty I just like seeing the balance outstanding go down

    Going to sit and do a meal plan for the week soon, working round what we have in, it's a 4 week month for us so I'm going to aim for £40 a week. Need to top up toiletries though so might end up going a bit over this.

    Have a lovely weekend all!

    Just called to get latest balance of the mortgage, £87,656
    Last edited by chocoholic_chick; 28-02-2015 at 11:47 AM. Reason: Update balance
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • chocoholic_chick
    • By chocoholic_chick 22nd Mar 15, 6:09 PM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    So my plan to spend £40 a week didn't work out, signed up with slimming world so had to come up with new meal plans, buy more fruit and veg, lower fat mince etc which all adds up. So I budgeted £180 but have spent £215.28 My April grocery challenge starts Friday and I won't need to get anything else before then thankfully, will hopefully do a bit better next month now I've got my head round this diet a bit, but think I'll have to increase my budget slightly to maybe £200 a month.

    I'll be doing the main mortgage overpayment on Friday when DH get's paid, but have managed £200 so far. I'll also be topping up savings when DH get's paid, but because we've been careful again this month I've managed to put a little aside so our savings now stand at £5,420
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • chocoholic_chick
    • By chocoholic_chick 28th Mar 15, 12:16 PM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    DH has been paid So this month:

    - I have made total OP's on the mortgage of £870. The mortgage balance has now reduce from £87,656 to £86,362.88

    - I have managed to put £755.61 into savings so our savings now stand at £6,052.65

    Really pleased with how much we've managed in a short space of time. Since January we've managed to increase our savings by £2,702.65 and reduce our mortgage by £3,350.12. Just wish I'd been this dedicated 8 years ago when we first took on the mortgage!

    Off to do a meal plan now for the week, have my £5 Aldi voucher which will come in handy if my spends over the last few weeks are anything to go by.
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • chocoholic_chick
    • By chocoholic_chick 29th Feb 16, 8:31 PM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    So it's been almost a year since I last posted an update on here! I was debating starting a new thread but have decided to keep it all together so that even if I don't post that frequently, I have one thread that tracks my progress throughout the years until I hopefully get to the stage where we'll be mortgage free!

    Despite really wanting to move last year it just didn't happen due to one reason or other but it's back on the cards for this year so fingers crossed that will happen which will mean substantially increasing our mortgage. We did manage to keep up with the overpayments last year and overpaid by a huge (for us) £6139 last year so beat the target of £6000 for the year we set Only managed to overpay our loans by £400 but determined to do better with that this year and hopefully clear the remaining loan to be debt free. We have managed to increase our savings to £10,330 as well, most of which is to cover fees for when we buy a new house but I'm also trying to build up a £6,000 buffer to have just in case anything ever goes wrong.

    So upshot is the mortgage balance is now £76,680.97 just shy of £9,700 less than I last posted in March 2015 which I think is pretty good going!

    This year the aim is to

    - Overpay the mortgage by £4,000
    - Completely clear the remaining £4,800 ish debt we have
    - Increase our savings by £4,500

    Pretty ambitious target but we all have to have something to aim for!
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • chocoholic_chick
    • By chocoholic_chick 16th Mar 17, 8:36 PM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    So another year has gone by and there have been a lot of changes in the year or so since I last updated!

    We finally managed to sell our house and have moved into our new home. It means our mortgage has shot up and we now owe £144,000. We managed to clear our debts last year so are now debt free, and have managed to build up a healthy savings pot too.

    Over the years our priorities have changed, I was at times too focused on getting rid of debt and maybe missed out on enjoying life I suppose, so I'm now trying to get the right balance between overpaying our mortgage whilst still allowing us the freedom to live a little!

    I've signed up to the 2017 MFW, I'v done that challenge a few times in the past and always found it helped keep me on track. Have managed our first OP of the year of £100 and should hopefully manage another small one before payday
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • chocoholic_chick
    • By chocoholic_chick 19th Mar 17, 11:30 AM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    So this last week I've been lazy, I could make excuses up as to why I've not done anything, but fundamentally it boils down to the fact I just couldn't be bothered to do things! So I've decided to make a to do list, no chance I'm going to get it all done today so it's what I'd like to get done this week:-
    • Clean Bathroom
    • Hoover
    • Strip Beds
    • Do a load of washing
    • Hang washing out
    • Tackle the mountain of ironing
    • Finish decorating the spare bedroom
    • Do meal plan for next week
    • Go food shopping

    Have already managed to tick a few off the list this morning, quick cuppa then I'm going to try and get the decorating finished (glossing... urghhh). Food shopping this morning was just over £25, will need a few bits I couldn't pick up in Lidl through the week, but that's less than I budgeted and looking at the pot of money I put aside for food each month there's still plenty there so I've taken £100 out to put towards a mortgage OP which I'll send this morning. Trying to think of long term and when I'd like to get this mortgage cleared by. We had to take the mortgage out over 20 years due to the extra funds we had to borrow, I'm hoping to knock at least 5 years off that. Time will tell!
    Last edited by chocoholic_chick; 19-03-2017 at 5:18 PM.
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
    • chocoholic_chick
    • By chocoholic_chick 21st Mar 17, 4:09 PM
    • 576 Posts
    • 2,749 Thanks
    chocoholic_chick
    So we finished decorating the spare room but didn't really get any of the other things on the list done. I made a huge lasagne last night for dinner, so I don't have to cook tonight as we're just having leftovers which means I can start tackling the mountain of ironing (which is getting bigger... arghh!) I've purposely piled it all on our bed this morning so I really can't avoid doing it.


    Have made a real effort NOT to buy lunches this month, I'd happily nip to the shops on my lunch break and spend every day, can't say that the OH is doing the same mind, but at least one of us is! So I think that must have saved at least £20 a week and I'm taking in leftovers or homemade soup instead so also being a bit healthier hopefully!
    New House... New Mortgage! February 2017: £144,000
    Current Mortgage Balance: £142,336.52
    2017 OP's:£1245
    Total Debt £29,209 £0 Debt free 6/8/16
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