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  • FIRST POST
    • ajmoney
    • By ajmoney 5th Aug 16, 10:50 AM
    • 4,833Posts
    • 55,425Thanks
    ajmoney
    Project Mortgage Neutral Begins
    • #1
    • 5th Aug 16, 10:50 AM
    Project Mortgage Neutral Begins 5th Aug 16 at 10:50 AM
    Hi. We have just remortgaged on our larger product and while mortgage freedom is still the ultimate goal I am working on the smaller challenge of mortgage neutral first.

    We have a smaller mortgage that we transferred when we moved 5 years ago and a larger mortgage that topped it up.

    Mortgage 1

    Total £32097.21
    Interest 2.68%
    Redemption Date Februray 2030
    This is a tracker mortgage, we are not tied into anything but the deal is so good that unless things change substantially I don't intend to change this.

    Mortgage 2

    Total £103615.51
    Interest 1.74%
    Redemption Date February 2030
    This a tracker mortgage too with the current deal ending in August 2018.

    First and foremost I want to get rid of the larger mortgage even though it has the lower interest rate as it is the biggest debt and is the one product we have that could be a struggle if we ever got stupid interest rates.

    We are due to hit mortgage neutral in July 2021. This is worked out with all our mortgage rates staying the same and not receiving any interest on our savings. I am hoping the fluctuations in these will even each other out.

    While Mr AJM is happy to reach mortgage neutral, mortgage free and therefore retire early this a solo journey with it all being my effort. We haven't changed our lifestyle at all so there are always other things we can do but this is not so important to us at the moment.

    I will add more as the next few days go by. Recently I have been guilty of ignoring my thread but I am hoping starting a new thread will get me on here a little bit more.
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
Page 9
    • ajmoney
    • By ajmoney 22nd Jun 17, 9:44 AM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    Thought I should check in to my diary. I have been reading everyone elses but don't seem to find the time to post, plus I don't feel mine is particularly dynamic or interesting.

    This month seems to be going really slowly. I am looking forward to the next money shuffle to see how our quest for mortgage freedom is progressing but until the political situation settles my S&S ISA won't stabilise, we should still be on target to pay off our larger mortgage at the end of the year though.

    9 days until quite a big event at work which is stressing me out and 11 days until we go on holiday to Thailand. We have quite a lot to do this weekend to get ready for both events as we don't have much time mid-week to get organised. This also isn't helped by Mr AJM leaving his current job in 7 days. I am going to the school today to help start ferrying stuff home, the plan is it should all be here by the end of Wednesday so the last day can be enjoyable for him.
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • EatingTheElephant
    • By EatingTheElephant 22nd Jun 17, 6:58 PM
    • 1,152 Posts
    • 6,177 Thanks
    EatingTheElephant
    Big work events, fabulous holiday plans and work changes for hubby, certainly doesn't sound boring to me! Hope it all goes well.
    • ajmoney
    • By ajmoney 29th Jun 17, 8:30 AM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    My stressful time is nearly over for a few weeks.

    Today is Mr AJMs last day in his current school, he hasn't said anything but I know he is worried in case he is making the wrong decision. He is a worrier like me so nothing I say will make a difference until he starts his new job in August and has given it a few weeks.

    We fly south today ready for our big work event on Saturday. My stress levels are through the roof at the moment, I am hoping they will subside a little once we have all arrived tonight. We have a lot of rehearsing ahead of us tomorrow which I hope will also steady my panic levels, there is nothing I can do if they aren't great. Tomorrow night we are out for dinner as we are celebrating my dad's retirement, he is using the weekend as a celebration and then by about 2pm on Saturday all my stresses should be over. Fly home on Sunday, pack for Thailand and go back to the airport for our holiday on Monday.
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • ajmoney
    • By ajmoney 27th Jul 17, 7:21 AM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    We got back from Thailand yesterday morning. We had a great time although we wouldn't spend as long in each place next time. We took £1000 with us which was more than enough. Unfortunately I stubbed my big toe/toenail on Sunday which resulted in me having to get my toe nail removed, have a tetanus injection and a couple of medicines and the dressings changed daily which used up a lot of our left over money. Today I need to start trying to claim the money back through my travel insurance I went and saw the nurse when we got back yesterday and now have some dressings to do it myself until I get back to work on Monday. Hopefully I won't need to do it for too long! I was looking forward to exercising and swimming after our holidays but it looks like that might be getting put on hold a little bit.

    I have one more wash load to do today and then start the ironing pile. We also need to cut the grass as it hasn't been done for 4 weeks, tackle a tree that is starting to fall over in the garden, pay some money in at the bank for Mr AJM and get some more food shopping (we could only face getting a small amount yesterday) so there is nothing like easing us back in gently.
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • EatingTheElephant
    • By EatingTheElephant 27th Jul 17, 7:34 AM
    • 1,152 Posts
    • 6,177 Thanks
    EatingTheElephant
    Welcome back AJ, ouch to the toe. I hope it gets better soon.
    • ajmoney
    • By ajmoney 31st Jul 17, 7:06 AM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    Payday today so I get to do the money shuffle over the next 2 days it is tinged with a bit of sadness though as I also go back to work today I am determined to approach things in a different way but it will be tough.
    We booked a short 5 day break for Christmas yesterday, going back to Berlin. £750 from Edinburgh, £650 from Glasgow and £398 from Newcastle! It is just over 3 hours away so are flying from Newcastle
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • ajmoney
    • By ajmoney 1st Aug 17, 7:08 AM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    First day back wasn't too bad. I managed to leave the office just before 4pm so met my goal for the day today's goals are not to be in the office before 11am and to leave by 4pm. It should give me plenty of time to sort some other work out, go to the gym and fit my doctors appointment in.
    Off to do the money shuffle
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • ajmoney
    • By ajmoney 1st Aug 17, 4:44 PM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    I was in the doctors a lot longer than planned this morning so didn't go into the office until after lunch and left again by 2.30 I have been working in my room with the radio on in a much more chilled out environment. I spoke to one of my managers this afternoon to let him know I needed to work a better, more relaxed routine for my own sanity so I am hoping I won't feel guilty once people get used to it. I am still getting my work done and feel better for it so hopefully I will reap the rewards soon.
    I went to the gym first thing so I couldn't talk myself out of it, I feel much better when I am there so I need to keep it up.
    In money news, I have done the money shuffle and OP'd the mortgage.
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • ajmoney
    • By ajmoney 10th Aug 17, 10:10 PM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    Please bear with the long post, it is more for my own reflection and I certainly don't expect any comments but I am trying to be honest on here. Inspired by Watty and her return I have decided to bite the bullet on my own thread.

    I have been struggling for months to cope with life. I have been working away from home for 3 years now, it is better now because I go home most weekends rather than every 3rd but I feel like I am living out of a bag. I can't settle and get into a routine during the week at work as I work 2 nights a week and any groups that I might be interested in are on those nights. I am the only one who does my job so if I don't do something it doesn't get done, I guess it is like being self-employed but I am not. Sometimes I used to spend 13 hours a day trying to get stuff done when I first got here but would burn out halfway through the week and struggle to get up in the morning. Before I moved here 18 months ago exercise was my focus (maybe that was how I got through living further away) but it has been harder to dedicate the time to it here. From September to March Mr AJM and I get 1 and a half days a week together which is not ideal, but if I am able to leave work early through the week at least we are together in the evenings. I don't really seem to do much when I go home either. If I get weekdays off I don't want to go out and do things by myself as I am by myself a lot at work (there are people around but not doing what I am doing) so I often sit in the house but I don't seem to do anything there either so then I get annoyed. It is tough to join any clubs at home as I would be such an irregular attender that it is hard to get to know anyone and I don't want to yo-yo in and out of things. Since Christmas I have gradually found it harder and harder to come back on a Monday and have felt more stressed by it. I am lucky that Mr AJM has done my job before so understands when I rant and can offer the advice I need or he gives me the confidence to think it doesn't matter. I also have a small but good network of people I eat with in the evenings who I have started to vent to a little and are well placed to give me advice. However although I have indirectly mentioned to my immediate department that I sometimes find it tough I hadn't been honest with them as I felt it was a sign that I wasn't good at my job.
    In the run up to coming back to work from my summer leave I was starting to get quite anxious, stressed and panicky about what I needed to do at work and the general situation. 10 days ago I had a strange episode, I got up to talk to Mr AJM and stopped a couple of words into my sentence. Mr AJM believes I blacked out for about 3 seconds, I was still standing but was vacant and didn't respond to him saying my name, he touched my arm and I was back in the room. In the run up to this the stress and panic had been almost unbearable. I am going through tests with the doctor to see if there are any medical issues, when I first saw him I didn't think to say anything about the stress and panic, I will be next time. Since then I have spoken to my immediate hierarchy to briefly tell them what happened and to explain that I need to work my own routine and give myself a lot more time while I try to get this under control (I am very lucky I can do this). I haven't managed to get to the gym everyday but have managed not to spend all day working, although I still worry things aren't getting done. I don't think I am by any means through the worst of my stress but I am trying to take control of it and my life.
    I love my normal job but it is another 12 months until I get back to that so I need to try and get a balance in the meantime. I guess I am fotunate that I am determined with the mortgage but that has been my only focus for months. I don't know what I expect from putting this down here but at least I can read back on it and maybe take something from it.

    Many times over the year I have put something on here but felt stupid and didn't want a fuss or to admit I wasn't coping so I deleted it, why I don't know.
    Last edited by ajmoney; 10-08-2017 at 10:14 PM.
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • apple muncher
    • By apple muncher 11th Aug 17, 7:05 AM
    • 6,537 Posts
    • 47,828 Thanks
    apple muncher
    Popped over here after seeing your post on Watty's thread. I consider you to be one brave cookie. You have articulated how you feel so well - possibly because it has gone round and round your head for so long... And you are doing something about it. I'm sure that others will come along and say things better than I can, but I did want to say 'well done' for your bravery, for talking to people about it, for changing your working habits.
    NST November #; NSD 10/17; Ex 9/12; craft 19/30 (247); remove 601
    2017 MFW#63 Pay off: £3484/£4050; 2
    017 sell 174

    Mortgage £23,486 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • Tilly MFW in 6 YRS
    • By Tilly MFW in 6 YRS 11th Aug 17, 7:46 AM
    • 7,755 Posts
    • 86,522 Thanks
    Tilly MFW in 6 YRS
    Morning AJ, I agree with AppleMuncher and getting it out there seems sensible.

    From a practical perspective writing a journal may help as well as meditating. I am sure most people who lead busy and difficult lives go through periods like this. I know I have.

    Have you used MeetUp - depends on the area you are in as to whether there are events near you but you may find stuff to do with different people, which appeal.

    Take care

    Tilly xxx
    2004 £387k 29 years - MF March 2033
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15
    • SuperSecretSquirrel
    • By SuperSecretSquirrel 11th Aug 17, 8:12 AM
    • 590 Posts
    • 2,606 Thanks
    SuperSecretSquirrel
    I'm glad you posted that ajmoney, and to read that you've already been discussing at work to try resolving. Sounds truly awful. I can't imagine such long stretches away from home, not to mention the pressure and long hours on top. I guess in some roles it's unavoidable, but very little is truly unavoidable in life, maybe a change of roles is needed? For the sake of your mental health it might be worth serious consideration.

    Why are there 12 months until you get back to your normal job, and why aren't you working the normal job you love at the moment? Is there any flexibility to be found here?

    I hope things improve for you soon
    Mtg [2013 £64k|2014 £51k|2015 £38k|2016 £26k] £15,667.31
    MN [2013-£25k|2014-£2k|2015+£16k|2016+£34k]
    48,973.75 (MFiT4:+60k)
    NW [2013 £126k|2014 £156k|2015 £190k|2016 £228k] £264,504.07 (2020:300k)
    FI [2013 -1.2%|2014 2.8%|2015 6.9%|2016 13%] 17.3%
    • Watty1
    • By Watty1 11th Aug 17, 11:29 PM
    • 2,863 Posts
    • 19,892 Thanks
    Watty1
    Yay you posted. I found writing helped. Just writing it all down and out. hang in there. Talk with the doctor. Maybe ask about counselling? I had some on line counselling via the GPs which was really good. I was sceptical but I logged on to the site from wherever and had the sessions. Helped.
    Mortgage at start of diary Sept 2013: £132,995 Aug 2015 £0
    Overpaying next mortgage. £79,491 now £27152
    • ajmoney
    • By ajmoney 12th Aug 17, 9:10 PM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    Thanks for your comments and support.

    I saw the doctor again yesterday, he is not worried about my black out or as he calls it an abscence. I have had a full body MOT and all the results are very good so I am grateful that the stresses have not taken a toll on my health, I truly believe that was my body giving me a chance to change. The doctor is getting a second opinion to check I don't need any different tests, he didn't say too much about my stress/panic at the moment. He is treating the abscence and then I guess we can move on to that.

    SSS in my job we often get moved around every couple of years for experience, this is my stint doing something different for a bit of career progression. I don't hate what I am doing, I am training musicians and running and band but I don't get to play very often and being involved in music and playing is what I truly enjoy. In normal circumstances I could ask to more early for my sanity but I am the last to be in this role due to funding that is being removed so the position will be removed from September next year and I am in that post until then.

    We had a good performance in town today, the stress was huge again beforehand but it was very well received.

    I am going to try and set up a committee within the band to try and ease the pressure I am feeling. I will still be heading it up and overseeing everything but I will hopefully have some regular assistance and it should set up some longevity for when I leave the post next year. This may also take a while to help ease things but at least I am trying to make changes for my benefit.
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • ajmoney
    • By ajmoney 3rd Sep 17, 3:14 PM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    Exciting times, our smaller mortgage is now below £30k and our overall total is getting close to being under £120k I think our savings are still on target to match our larger mortgage by November so I will be looking to get some advice on whether we should pay it off or continue to save towards paying it all off in one go.
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • Tilly MFW in 6 YRS
    • By Tilly MFW in 6 YRS 3rd Sep 17, 4:38 PM
    • 7,755 Posts
    • 86,522 Thanks
    Tilly MFW in 6 YRS
    Brilliant news

    Hope you've had a good few weeks, Tilly xxxx
    2004 £387k 29 years - MF March 2033
    2011 £309k 10 years - MF March 2021.
    Achieved Goal: 28/08/15
    • ajmoney
    • By ajmoney 7th Sep 17, 8:50 PM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    I think we are about £5k away from our savings equalling the large mortgage. I am not really sure how we should approach this when the time comes, these are the options I see:
    1. keep saving as we are about £37k away from being able to pay it all off
    2. pay off the large mortgage (clearing all our savings) and begin rebuilding our savings and OPing the smaller mortgage
    3. op a large amount off the large mortgage which will likely reduce the mortgage term/interest, keep some savings and carry on with OP schedule as it is
    4. op the small mortgage and keep saving towards the large mortgage.

    My focus has always been the larger mortgage, while it is the lower interest rate at 1.49% until Aug 2018 we currently have a much larger balance as £90090.78 whereas the smaller mortgage is 2.68% for life with a balance of £29922.14. I guess the sensible this would be to get some advice, I don't think either of us wants to be without our savings.

    I want to be mortgage free in 5 years (by 03/09/2022) which I think is achievable with each of the above options but would also like a substantial savings buffer.
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • ajmoney
    • By ajmoney 8th Sep 17, 6:56 PM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    Non money related post!

    I am slowly trying to regain control of stress and panic and to get back to the exercise bunny I was a year ago because that definitely helped.

    I have found a local jog$cotland group and have messaged them about going along and our gym at work are starting pilates and yoga classes two lunchtimes a week which I am going to try. I wouldn't normally do these as all three are over mealtimes and this is an important part of the day for me from a social point of view, however it will get me more active and meeting other people so I am going to give it a try for a couple of weeks.

    I am starting a charity swimming challenge on Monday for 12 weeks with quite an ambitious goal so I will need to be disciplined with going to the pool, I have already made time as appointments in my work calendar with reminders to give me enough time to get to the pool so there really is no excuse.

    I hope by the end of the 12 weeks exercise has become a normal part of my life again, I can't really believe that a year ago I was on a train to my mum's to take part in the great north run!

    I haven't been too good at setting at making work better but I am getting there and I am certainly not setting myself unachievable lists at the beginning of the week anymore. I am going to try a couple of different approaches to my lists with a traffic light system/action grid to stop me trying to do everything at once but it will be a slow learning curve. It definitely feels like 2 steps forward and 1 step back. The doctor commented this morning how good my physical health is and I want to make sure it stays that way.

    I am at work tonight as I am duty so I am trying to plan my snacks and food for around my planned exercise as I know the amount of swimming I will be doing will make me very hungry!
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • ajmoney
    • By ajmoney 10th Sep 17, 11:39 AM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    A year ago today I ran the Great North Run, this morning I am watching it from the comfort of my sofa. I turned it on this morning to listen to them talking about ordinary people doing extraordinary things, it has taken until today to realise what I achieved and feel proud about it. I have had an email from the charity today with a good deal for an early bird place for next year, I am not sure if I would do that event again but I am considering a half marathon somewhere next year.

    This morning I have entered a 5k for January to give me a reason to train until it becomes second nature again. I feel a small amount of excitement at the prospect and hope that with the small changes I am trying to make I will be able to change how I am feeling. I have 18 weeks until my event, so today begins the journey of trying to put myself and my family first and not my work.
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
    • ajmoney
    • By ajmoney 11th Sep 17, 4:49 PM
    • 4,833 Posts
    • 55,425 Thanks
    ajmoney
    Day 1 of putting myself first is going well. I went to Pilates at lunchtime and really felt the benefits, physically my hips felt more mobile and my muscles relaxed and mentally I felt so happy and free. I haven't been to any lunchtime classes at work as I wanted the social aspects of lunch, instead I saw 4 women that I already know from the office round the corridor and meant many other people

    I have just got back from swimming mile 1 of 44 for the charity challenge I am doing.

    Money stuff...it was all free
    2017 MFW No. 70 £5077.29/£5500
    MFiT-T4 No. 70 £20397.87/£29544
    Mortgage £118977.13 Savings £86924.44
    Total left to pay/save £32052.69
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