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  • FIRST POST
    • chocoholic_chick
    • By chocoholic_chick 6th Jan 14, 9:55 AM
    • 589Posts
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    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 3
    • chocoholic_chick
    • By chocoholic_chick 22nd Mar 17, 11:36 AM
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    chocoholic_chick
    The mountain of ironing has been defeated! I also logged on to topcashback this morning to see that I have 41.02 sitting there so have requested a payout and once that's cleared it'll be winging its way over as a mortgage OP. With inflation rising I'm glad we went for a 5 year fix on our mortgage, taking advantage of the low interest rates so that come re-mortgage time we'll hopefully have a decent LTV
    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 17, 8:53 PM
    • 589 Posts
    • 2,747 Thanks
    chocoholic_chick
    I decided to attempt to analyse where our "spare cash" has gone this month and I'm a bit shocked at just how much I can't account for. After I've put money into "pots" we have spent a massive 1,617.53. I've tried to understand where it has gone and have kind of managed to categorise things :-

    493.29 on car insurance (both policies were due)
    30.00 on charity donations
    131.32 on food, toiletries etc (supermarket)
    25.00 on petrol for my car
    100 on mortgage overpayment (the other payment came from a different pot of money)
    36.18 on takeaways
    62.23 on DH personal spends
    153.29 on my personal spends (hair cut, toiletries and needed some new clothes)
    250.24 on things for the house (paint, tumble dryer, other decorating things)
    15.98 on a pub meal out for both of us
    10 on bin cleaning (previous owners of the house didn't tell us about this and had left without settling the bill)

    And the worse part... 310 on cash withdrawals without much of a clue where it's gone. Out of that I think we've had 3 "joint" nights out, I've been out twice without DH, he's been out 3 times without me, but with all of them they aren't "big nights" out, maybe spending 20-30 on each occasion. He's used the cash to top up petrol (I'm guessing at least 60) and he tends to buy lunches every day (I take lunch in most of the time).

    It just seems an awful lot of money to not be able to account for properly. I'm going to try and track it a bit better next month, see if we can cut back a bit. I thought I'd been quite good this month as well
    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 24th Mar 17, 4:47 PM
    • 589 Posts
    • 2,747 Thanks
    chocoholic_chick
    DH is having the boys around so had to go food shopping last night to get bits and pieces in. Haven't checked my shopping apps in a while so had a look and there were quite a few freebies on there at the moment. Ended up getting two bottles of beer, a bottle of cider and some 7up which will come in useful for that. Also got some roasties and chicken portions too, about 11 worth of free stuff when the payout comes through which I'll put towards the mortgage when it clears. The Topcashback payment has also cleared so going to check finances tonight and make sure we can still afford to use it as an OP as we've spent more money since my last update!!


    5 on mothers day cards
    5 on chocolates for mothers day
    3 on lunch for me
    15.48 on a takeaway


    Pay day for both of us is 31st March and I don't think we have much left in the coffers now! In other news DH found out he's getting a pay increase which will be applied next month, happy days!
    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 24th Mar 17, 7:36 PM
    • 589 Posts
    • 2,747 Thanks
    chocoholic_chick
    Checked our finances and worked out we have enough to last until pay day so have made another mortgage OP of 45 Now to start the weekend off with a nice glass of wine!
    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 Mar 17, 5:52 PM
    • 589 Posts
    • 2,747 Thanks
    chocoholic_chick
    What glorious weather we've had this weekend! Have spent a lot of time in the garden over the last two days which has been lovely. Have managed to tidy up the garden a little, have loads of ideas what to do so really looking forward to getting stuck in. Sunday is my usual food shopping today, but I decided to sit and enjoy the sun while we have it so it didn't get done. Thankfully after a root round the freezer, and a pack of mince later, I have a large lasagna in the oven for tea (leftovers for lunch for us both tomorrow) and two cottage pies - one for dinner tomorrow night and the other for the freezer. I've decided to set myself a challenge to only spend 10 on food shopping this week and get by on what we have in. Although I meal plan, I don't think buying everything I need for the week on Sunday is working as fresh herbs etc I'm buying aren't lasting until when I need to cook the meal so I'm throwing things out and I hate being wasteful! I'm going to make do with what we have in and work our meals around that which should mean minimal spends!
    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
    • Kittenkirst
    • By Kittenkirst 26th Mar 17, 6:00 PM
    • 1,314 Posts
    • 6,271 Thanks
    Kittenkirst
    Sounds like a lovely weekend in the sunshine!

    Have you tried freezing your herbs? I often buy YS herbs (as long as they look fresh) and chop up and put into the freezers- makes them last aggges!
    Emergency savings- 2660 /4000
    Mortgage Oct '16- 170.995 LTV- 90% end date Nov 2041
    2016 OPs 255.50/150
    2017 MFW #20 - OP 1089.67/ 2150. 50%
    Jan- 68.21, Feb- 306.67, March- 272.01 April-324.05 May 118.73
    • chocoholic_chick
    • By chocoholic_chick 26th Mar 17, 6:02 PM
    • 589 Posts
    • 2,747 Thanks
    chocoholic_chick
    Sounds like a lovely weekend in the sunshine!

    Have you tried freezing your herbs? I often buy YS herbs (as long as they look fresh) and chop up and put into the freezers- makes them last aggges!
    Originally posted by Kittenkirst
    No I've never thought to do that! Thanks for the tip
    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 Mar 17, 1:09 PM
    • 589 Posts
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    chocoholic_chick
    Today will be a NSD and so far I've done well with sticking to my 10 budget for food this week - spent 5.01 up to now, have prepped dinner and put it in the slow cooker for when we get in from work tonight and have a cottage pie in the freezer which I'll take out for dinner tomorrow night. Should have enough leftovers from tonight's dinners to do for lunch for us both tomorrow as well


    Logged on to topcashback this morning to see another 4.36 has cleared so have requested that payment which will go to the mortgage when it clears - every little helps as they say!
    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 Mar 17, 7:56 PM
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    chocoholic_chick
    Well the slow cooker dinner really wasn't that nice which was disappointing . Tried a new recipe and won't be doing it again! I refuse to throw out the leftovers though so we're both having it for lunch tomorrow. It's edible, if nothing else.

    Been looking at figures tonight and have set myself a challenge of having a closing balance of 134,000 or less by the end of December 2017. This will mean reducing the mortgage balance by 10,000 in 10 months which is a stretch but I think do-able (I hope!)

    I've already budgeted to make a monthly over payment of 500, and looking at a spreadsheet I have that would mean a balance of about 134,600 by the end of the year, so I need to find an additional 600 on top of the usual OP's over the course of the next 9 months.

    Overall I think that means we'll have to OP by 5,345 so 245 down... 5,100 to 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
    • chocoholic_chick
    • By chocoholic_chick 1st Apr 17, 11:23 AM
    • 589 Posts
    • 2,747 Thanks
    chocoholic_chick
    Pay day yesterday so have sent a 500 op to the mortgage this morning as planned

    Also managed to get a few things sorted for the house, ordered some new furniture and carpets, though thankfully this has been budgeted for and is coming out of a separate pot of money. Hopefully once the carpets are down and the furniture is put together (ikea stuff... so it's going to be a bit of a project!) it'll feel like we're putting our own stamp on the place and the house is coming together.

    DH's parents are coming round tomorrow so need to decide what to do for lunch - whether to do a full roast dinner or do some baking today and have a lighter buffet style lunch. Will call them shortly to see what they prefer I think.

    Best get on with housework!

    Current OP's total 745... 4,600 to 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
    • chocoholic_chick
    • By chocoholic_chick 10th Apr 17, 11:04 AM
    • 589 Posts
    • 2,747 Thanks
    chocoholic_chick
    Morning all!


    Not a lot to report on the mortgage front, but thought I'd keep posting on here to keep my mind focused if nothing else. Had a lovely weekend, the weather was glorious! So spent nearly the entire weekend in the garden, its a bit of a mammoth task trying to get on top of it, but I felt like we made inroads this weekend at least. I was hoping to get more done next weekend but it doesn't look as though the weather is going to be great which is a shame.


    It's been an expensive few weeks, I've had to get a couple of new tyres on the car and we've had people round for food and drinks a few times so that's bumped up the food spends cost. I've also not really been keeping up to date with my finances spreadsheet, so really need to get that up to date to see where we are. I signed up with YNAB and started filling it in, but to be honest found it a little confusing. I need to have another look at it though as I do think it'll be a useful tool, if I can just get my head round it!
    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
    • originalmiscellany
    • By originalmiscellany 10th Apr 17, 11:18 AM
    • 1,570 Posts
    • 3,789 Thanks
    originalmiscellany
    I think it's one of those age things - as you get older, the garden becomes more and more appealing doesn't it! Have been busying myself this weekend in the garden too. Free entertainment and good exercise I think
    Feb 2012 - onwards MF achieved
    June 2016 - Back into clearing a mortgage
    June 2016 - Back into clearing a mortgage - Was 32 years - Is 30.2 months vs 31.4 months at normal payment
    Aims: 1) To pay off mortgage within 20 years
    • chocoholic_chick
    • By chocoholic_chick 10th Apr 17, 5:25 PM
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    chocoholic_chick
    Yes definitely! Already plotting out what we're going to do, what plants to get etc


    So I'm pondering over savings vs mortgage at the moment. We now have a comfortable amount squirreled away for emergencies in an abysmal 0.5% ISA. I've re-subscribed to First Directs monthly savings account which is a 5% rate, and will be paying over the maximum allowed which is 300 per month so as my mortgage rate is at 2.29% (I think, or maybe 2.49%?) Should I only be saving 300 per month and put any extra towards the mortgage? I can overpay a maximum of 1000 per month before penalties, though I don't think I'd ever manage that.


    I like the comfort of having savings, and know I can access that money easily if need be, but it makes more sense financially to overpay the mortgage I think. Arghhh decisions decisions
    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 14th Apr 17, 10:53 AM
    • 589 Posts
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    chocoholic_chick
    Was supposed to be going out last night but couldn't make it in the end. I would have spent about 20 on drinks, so paid that off the mortgage instead
    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 Apr 17, 7:30 PM
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    chocoholic_chick
    Evening all! Hope everyone has had a lovely long weekend

    Sadly the weather here wasn't too great this weekend so didn't get to get out in the garden really. We were going to go out for the day today, but pottered round the house instead. Did a meal plan for the week, went shopping and did some batch cooking so that's lunch and dinner sorted for the both of us all week Shopping only came to 21.92 as well so I have plenty of money left in our food spends pot to last until pay day. Hopefully that will mean some more money left for another over payment before pay day, but our main account is looking a bit sorry for itself so I may have to borrow out of the food pot to top the main account up, we'll see. I'd just really like to have OP by 800 before the end of the month, it feels like a nice round number.

    Current OP's 765... 4,580 to 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
    • chocoholic_chick
    • By chocoholic_chick 18th Apr 17, 8:29 PM
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    chocoholic_chick
    NSD today

    Realised I hadn't transferred this months 7 barclays blue rewards over to my main account so have now put that aside as a potential OP. Have also siphoned off 65 from my food spends account, I've kept spends down and been using stuff up in the freezer so haven't spent much this month in comparison to usual. I also moved a small amount of 1.46 out of our main account so it ended in 0 (dunno why, just like seeing the balance more rounded I guess?) so have 73.46 sitting as a potential OP. I can't really see why I wouldn't be able to pay it over, I'm pretty sure we'll be fine until pay day now, I really want to get this to at least 100 though, that seems a nicer amount!
    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 Apr 17, 8:49 PM
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    chocoholic_chick
    Evening all!

    Another low spend day (it was going to be a NSD but I've just nipped to the shop for a bottle of wine ) on the plus side though we've both taken in lunches the last two days so saved money there, plus we're both having leftovers for lunch tomorrow so another day of saving money for lunches. I tend to buy one or two a week, DH has them pretty much each day and spends between 3-5 a day on his, so just by being a little more organised and getting up a bit earlier to sort out our lunches is definitely making a difference.

    Looked at our finances, we've got a couple more bills to come out before pay day, but after those we'd be left with just over 300 (food and petrol to come out of this as well) which I think is more than enough to see us through until the end of the month so I have sent another 100 off to the mortgage company (73.46 from the money I had put aside plus an extra 26.54).

    Logged on to TCB but only have 1.34 payable at the moment so it doesn't seem worth it. A couple of apparently faster paying things should be clearing in the next couple of weeks though which will be over 50 so hopefully they'll clear in the time they're supposed to and that will go towards the mortgage as well.

    Anyone else watching the Sarah Beeny show about being mortgage free? Thought it would have given some practical advice, but really it seems to be "buy a boat, it's cheap" which yes might work for some, but come on we can't all live on boats or in shipping containers!

    Anyway running total is 620 for the month so far and 865 YTD
    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
    • tattycath
    • By tattycath 19th Apr 17, 10:02 PM
    • 6,742 Posts
    • 35,474 Thanks
    tattycath
    I watched the Sarah beeny show. The couple who paid their mortgage off in 8 years sounded a lot like us, trying to cut back in some areas in order to overpay the mortgage.
    They did seem to focus more on people who didn't have a mortgage.
    I shall still watch it next week and see if I can glean any tips.
    Well done on you mortgage overpayment endeavours.
    Our mortgage will be nearly 149k when it comes through it's very scary but makes me more determined to just pay it off as quick as I can.
    GE 36 *MFD
    MFIT-T4 No 106
    Mortgage overpayments:may 211.04
    May: 2.29 wombling: 0
    Emergency savings 0/2000
    Savercard Christmas savings 60
    12/3/17 175lb - 15/3/17 173lb
    • GardenGirl77
    • By GardenGirl77 19th Apr 17, 10:45 PM
    • 23 Posts
    • 306 Thanks
    GardenGirl77
    I meant to watch the Sarah Beeny programme and forgot - thank you both for the reminder, will watch it on catch up tomorrow.
    Also I'm enjoying your diary chocoholic_chic
    • chocoholic_chick
    • By chocoholic_chick 20th Apr 17, 8:19 PM
    • 589 Posts
    • 2,747 Thanks
    chocoholic_chick
    TC - I started making OP's on my old mortgage 5 or 6 years ago and its only by doing that that we could have afforded our new house. I wish I had done it from day one, but overpaying didn't even occur to me, I didn't know it was something you could do! Coupled with the fact we had very little spare cash so couldn't have afforded it, but once we had a bit more money I started overpaying. It got us out of negative equity and into a bigger home This time round I had called the mortgage company to ask how we make overpayments before the first monthly payment had even come out! Every little helps, I'm not going to throw every spare penny at our mortgage as life is too short so I want to live a little as well, but it is addictive to see how much difference those seemingly little OP's can make in the long run!

    Gardengirl - Thanks! Most of the time I feel like I'm rambling on to myself so it's nice to know someone's reading along


    Spent just under 20 at the supermarket today, completely forgot DH is having his mates round tomorrow night so had to buy some things to make dinner for them. Prepped some things tonight so less to do tomorrow Planning on a quiet weekend pottering round the house, still got plenty to get done and it should keep our spends down.
    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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