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  • FIRST POST
    • MeandO
    • By MeandO 10th Nov 17, 11:39 AM
    • 1,223Posts
    • 5,860Thanks
    MeandO
    MeandO's mortgage-free musings
    • #1
    • 10th Nov 17, 11:39 AM
    MeandO's mortgage-free musings 10th Nov 17 at 11:39 AM
    *sneaks in from DFW board*

    Hello, I'm MeandO, I'm thirty something just and I'm a mortgage-free wannabe.

    To cut the backstory short, things kind of went like this:

    2008: Married, mortgage free.
    2011: Mini MeandO arrived.
    2013: Moved house > £60K mortgage with (now ex) husband.
    2013, later: Life went a bit pear shaped.
    2015: Single, £102K mortgage to buy ex out of house.
    2017: Moved area to a £30K cheaper house to enable me to go P/T to be around for Mini MeandO and eradicate need for childcare.

    Mortgage now: £78789.15

    So, last year I moved from a new build to an old house which needed a bit of work, mostly decorative and now 70% done. The rest will be tackled as and when (and if!) I can afford it. I went P/T at work which has increased our quality of life tenfold, but has obviously had financial implications. I also have a small business I run from home which has greatly helped to build up some savings in the past few months, but I will be closing this down soon for a variety of reasons. Hopefully one day I will be able to develop that income source again, but not right now.

    DS's Dad and I still get on well depsite being (almost) divorced and he does his fair share of parenting, so I live alone with my little boy for half the week and DS spends half the week with his Dad.
    I have a lovely man in tow now, we don't live together but are only a short walk from each other which is lovely. Hopefully one day we will 'combine households', but I don't see that happening imminently.

    My mortgage deal is fixed but expires in May 2018, so I am trying to overpay as much as possible before that date. With long term goals in mind, if I can manage to knock at least 10 years off the mortgage (currently 24 years left to run ) then I will be ecstatic.
    I'm not in the position to overpay in large chunks, apart from last year with funds from the sale of the old house, but I frequently throw pennies/pounds/chocolate buttons at the online mortgage account to reduce it by what I can. Every penny counts and all that...
    Link to my old thread for those interested:

    http://forums.moneysavingexpert.com/showthread.php?t=5650914&page=16

    Feel free to drop by for a virtual cuppa and cake, I'd pull up a chair though, I think I'll be here some time...

    M
    X
    Last edited by MeandO; 11-01-2018 at 1:42 PM.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
Page 4
    • MeandO
    • By MeandO 8th Dec 17, 2:34 PM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    Just received approval for a £150 cashback claim on the cooker purchased last month, this should be with me wihtin 30 days and will be paid straight off the credit card.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • greent
    • By greent 9th Dec 17, 6:32 PM
    • 6,672 Posts
    • 67,860 Thanks
    greent
    Just received approval for a £150 cashback claim on the cooker purchased last month, this should be with me wihtin 30 days and will be paid straight off the credit card.
    Originally posted by MeandO
    Thanks - that prompted me to start the cashback claim off for the one I ordered last week! I won't get it fully approved until it's delivered (Jan) - but at least it's registered
    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
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 £991.65/£17044.10 Decluttered 151/2018 items
    • MeandO
    • By MeandO 11th Dec 17, 10:17 AM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    Excellent greent! That will be a nice little extra in January!
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 11th Dec 17, 10:21 AM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    Not much to report, it's been a fairly low spend weekend and all that I did spend, I spent in cash from my purse so nothing has come out of the bank account.

    My remaining ebay items end today. They're not going to make a great deal at the moment, but it's better than nothing.
    The items that sold locally were picked up as planned on Saturday, so that's cleared a bit of space.
    I have one item to pack for postage and two items that need returning - although it will be 3 when a parcel arrives today as its arrived too late and will be sent straight back.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 11th Dec 17, 10:53 AM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    I'd earmarked money towards DS's swimming lessons this month but just found out it doesn't need to be paid until mid january now, so that's freed up £26 in this month's budget. I've transferred £20 to the savings which rounds it up to £1800 and the £6 can sit in the account for now.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 12th Dec 17, 9:43 AM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    Money comes in one hand and out of the other... I had a reminder that DS's dinner money account was running low, so I've topped that up by £15. I must have miscalculated at the beginning of the term as I thought I'd covered it until Christmas.

    Ebay items ended last night, didn't make a lot - just under £20 - but it's better than nothing. I need to package those up tonight.

    I managed to get a few more Christmas presents wrapped last night and will get a few more done tonight, hopefully. I'd like to get it done by this weekend.
    OH came over for food last night and brought leftovers from Sunday's roast dinner with him which we tucked into for dinner.
    Tonight is all sorted too for both DS and I.

    One refund for £10.83 has hit the account and I've had confirmation of the £114 one which I returned yesterday, so that should be credited back to the credit card shortly. I also need to arrange return of another Amazon parcel that came too late (and looked like someone had sat on it ).
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 12th Dec 17, 2:16 PM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    I've just paid my credit card off with savings (again ). I've overspent on it again this past month, but it bothers me having a balance on it and I'd rather throw money at building up the savings than paying off a credit card, so my savings are now down to £1000 but the credit card should be paid off once the refunds due to it have been credited.

    Now to build the savings back up...
    Last edited by MeandO; 13-12-2017 at 10:33 AM.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • Honeysucklelou2
    • By Honeysucklelou2 28th Dec 17, 3:27 AM
    • 599 Posts
    • 2,323 Thanks
    Honeysucklelou2
    Hi MeandO,

    I'd been wondering how you were getting on. Well done on getting money overpaid on the mortgage. Amazing to read how much your term will be reduced by if you are able to keep up overpayments.

    Sorry to read about your mum's health. Hope that 2018 will be a good year for you.
    paydbx #93 £155/£8,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • MeandO
    • By MeandO 2nd Jan 18, 3:04 PM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    Thank you HSL and Happy New Year to you. I hope you had a lovely Christmas and New year. I took a bit of an MSE break over the festive period and have a few diaries to catch up on when I get a moment.

    The holiday period was rather stressful, for many reasons unfortunately, but I won't/can't go into them on here. I'm just hoping things start improving and looking up soon, for everyone.

    So, to the finances... I've finally got YNAB working on my phone again now and so I am up to date with everything there. The child benefit and tax credit has been paid this month.

    The savings are now at £1250 but I may have to borrow £50 or £60 from it to cover a policy excess of £60 on a heating repair I had to make a call out for today. A radiator has been leaking and the usual tightening of various bits didn't work, so I had to have a new 'shiny bit'.
    There are also other issues within the house that I discovered at the weekend relating to water and one of the chimneys, but I'll deal with it when I can. I'm guessing it will be expensive and I just don't have the money presently.

    The credit card has a balance of £70 on it which I'm not concerned about. It will get paid off asap. I'm due a refund of £20 to it too so that will bring it down to the £50 mark.

    I received the £150 cashback from the cooker. I didn't need to use it to pay off the credit card after all, but I bought an item of furniture with it and had £70 left to top up the bank account.
    I've chased the £50 Amazon card from a british gas policy and that should be here within the next couple of weeks - apparently.

    DS isn't back at school until next week, but I've topped his dinner money account up by £50 in readiness. This should last him a long way to Easter, although I will need to top up again by about £15 before then.

    I have spent just shy of £100 on clothes and shoes for DS in the sales, since Christmas. He seemed to ougrow everything all at once. I've got a lot for my money though and bought things on the larger size, so they should do him for some time. I need to sort out his drawers and see if there is any small stuff that can be ebayed.

    The car is loaded up with bags for the chairty shop which have been hanging around since before Christmas. I plan on dropping them off shortly this afternoon - I hope the charity shop is open! It has certainly cleared my spare room considerably.

    No further mortgage overpayments to report, except for the normal one of £18.39 which I now pay monthly by rounding the mortgage payment up by standing order. I hope to be able to make/find/squeeze enough out of the budget to be able to overpay by at least another £50 this month but it will be very tight.

    I have managed to get lots of YS bargains at the supermarkets since I last posted. One evening in particular, everything in the clearance section at one supermarket was reduced to 5p and I managed to save get £22.55's worth of produce for only 50p!
    Last week I saved over £30 in YS bargains in one go and yesterday OH and I bought some 'posh' pizzas at 90% off, fruit and veg for pennies and loads of parsnips which we shall be making into parsnip soup. We have eaten well for very little this Christmas and New Year and have lots left in the freezer from our shopping successes!
    Last edited by MeandO; 02-01-2018 at 3:07 PM.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 3rd Jan 18, 11:44 AM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    Charity shop stuff successfully dropped off yesterday. I already have one more bin bag full in my boot now from OH's house. I'll sort through DS's clothes before making the next trip to the charity shop as I know there'll be some to donate.

    £5.99 spent on some groceries last night, forgot to buy onions to make HM soup with tonight, so need to pop to a shop for those. £29 spent today on some presents in the sale, ready for birthdays/next christmas. I will transfer the money from the presents account for those.

    YNAB is all up to date.

    The mortgage is now down to £78,172.87. It would be nice if I could raise the £172.87 to drop it down to the £77ks this month, but that's about as likely as me winning the lottery (and I don't play it), but a girl can live in hope. Maybe I'll just start with the £2.87...
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 3rd Jan 18, 12:31 PM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    I've just re-jigged some money from the fuel allocation in YNAB as I won't need as much as budgeted this month. That's freed up a little bit of money to be able to overpay the mortgage, so I've sent £12.87 to it, just to round down the number.

    New mortgage balance now at: £78,160.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 4th Jan 18, 11:54 AM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    I've received a refund of £19.90 received from an item sent back before Christmas. It'll sit in the bank account for now as the categories are looking a little low with three weeks to go until payday.

    I completed a few more surveys yesterday, I'm not far from another £5 Amazon voucher, so will try and keep at it over the next few days.

    I've brought breakfast and luch to work; tonight OH and I are going out for dinner with a groupon deal we bought before Christmas, so there'll be nothing more to pay.

    Not much else to report, I think it's going to be a long rest of month until payday.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • greent
    • By greent 4th Jan 18, 2:14 PM
    • 6,672 Posts
    • 67,860 Thanks
    greent
    I think it's going to be a long rest of month until payday.
    Originally posted by MeandO
    Yep - I share your pain.. Jan is always financially more difficult - and manky weather makes people feel glum as well
    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
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £0/£4000
    Net sales 2018 £20.45/£1000 PAYDOX18 £991.65/£17044.10 Decluttered 151/2018 items
    • MeandO
    • By MeandO 5th Jan 18, 9:14 AM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    Very true Greent.

    YNAB all updated today. 84p in interest added to the account, I'll try not to spend it all at once...

    OH picked me up 6 packets of 8 tortilla wraps for 5p a pack last night as DS loves them and I use them weekly. Quite a saving, as they're usually 95p a pack. They've been tucked away in the freezer. He wouldn't take the money for them either, so free to me!

    I collected the items I'd ordered for birthdays/christmas and they have been put away for later. Had them delivered to store to avoid a delivery charge.
    I also bought DS another birthday gift yesterday. It was half price at £12.99, but I had a voucher for the shop so it didn't cost me anything.

    Groupon meal last night was quite nice, although I wouldn't have paid full price for it, glad it only cost us £10 for the two of us including drinks. OH oredered and side order and we tipped the waitress so spent an extra £2.50 from my purse.

    I've brought breakfast to work and grabbed a little portion of pasta from the freezer for lunch on my way out of the door. It's surprising the money I've saved since not buying lunch daily.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 8th Jan 18, 9:47 AM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    Just ordered a £50 Amazon gift card from the central heating cover I took out 2 months ago. I have some items saved in my Amazon basket at the moment for DS's and OH's birthdays in February so that will go a long way towards those.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 9th Jan 18, 10:14 AM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    I ordered some presents from Amazon last night with the voucher, cost me a grand total of 36p. I also placed an online grocery order for delivery tonight which will cost around £45. This month's budget is now absolutely depleted and there's over 2 weeks to go until payday. I think I will end up having to transfer some cash from the savings to cover it this month.

    I'm feeling really down and a bit beaten by everything today. It's been creeping up on me this week and today I just feel physically and mentally exhausted. There's no particular reason for it, just the usual stream of worry - my Mum, DS, money, work, the problems with the house and now, really worringly, OH is showing some really concerning health symptoms and I'm trying to convince him to see the doctor. I just wish life was kinder and a little easier once in a while.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 10th Jan 18, 10:57 AM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    Lots of surveys completed this morning and I had enough points for another £5 Amazon voucher. I'm going to save these up to buy some presents for OHs birthday next month now.

    Mr T delivery came last night, so we're well stocked up for a good while. If I'm resourceful, we should be able to manage until next payday in a couple of weeks, just topping up with some milk and bread etc.

    I was looking throuhg my recipe books last night and I really need to get back to baking and batch-cooking. I'm going to try and earmark a few different recipes to try for DS as I'm aware he eats the same meals on rotation. I need to get him trying new dishes, although I'm expecting resistance from the little person about that.

    I've brought some HM soup to work with some bread and salad stuff to make an open sandwich to go with it. Dinner for DS will be something quick from the freezer after his swimming lesson. OH is coming over for food tonight, so I've got us one of the YS bargain dishes out of the freezer and have lots of lovely veg to go with it.

    Still skint, still waiting for payday, still exhausted as DS was up coughing several times last night.
    Last edited by MeandO; 10-01-2018 at 2:14 PM.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 10th Jan 18, 12:55 PM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    I have an old iphone at home that broke, annoyingly, last year and couldn't be fixed. I've been considering selling it on ebay but have been thinking it's probably not worth the hassle - just looked up a few mobile reselling sites and it looks like I can get £65 - £85 for it, even in its broken state! You know what I'll be doing when I get home...

    I sorted all of DS's clothes out a couple of days ago and have a bag full for the charity shop, a couple of bits were thrown out and I have a pile I've put aside to put on ebay. Think I will wait until next month to list them - hopefully people may have a bit more money to bid on things by then.

    One pair of DS's school shoes are now too small for him too. Thankfully, I had a 'reserve pair' which my parents picked up in the sales for me which fit him, but I don't think they'll last that long as they're not a sturdy make. I'm hoping they last until after payday though. He also needs bigger school jumpers which I'm hoping to pick up next month as I can't afford it this month. They work out at about £10 each and he will need a minimum of 3; 4 would be prererable, but we'll see if I can stretch to that. I may need to ask DS's father to contribute a little more next month which won't go down well, but I'm not sure I can afford it all myself, unless I can find him some sturdy shoes in the sale. I might take him to get his feet measured this weekend and see what size he's in now, hopefully we'll find an absolute bargain in his size right in front of us too!
    Last edited by MeandO; 10-01-2018 at 1:01 PM.
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 11th Jan 18, 10:35 AM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    I've completed the old phone trade in online and there should be £65 gained from that, I just need to pop it in the (free) post tonight. I probably could have got more on ebay or a few different sites, but this one seemed the easiest and most reliable way of trading it in, so that will do for me.

    I've completed two surveys this morning and am one or two surveys off another £5 Amazon voucher, so am hoping I get sent a few more surveys today and can cash my points in for another voucher today or tomorrow.

    I have packaged a parcel up of clothes to return that I bought in a january sale on the credit card. I'm pretty desperate for clothes, I don't have a lot that fits me , but I really didn't like any of them, so they will be returned (free) tonight and the money will be credited back to the card. The smart move would just be to lose weight so that I can get into a lot of clothes I have, but I don't seem to be very successful at that.

    No changes in the bank account. No-one has dropped a large (or small!) sum of money in for me unfortunately, although I do keep checking just to make sure...
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
    • MeandO
    • By MeandO 11th Jan 18, 1:38 PM
    • 1,223 Posts
    • 5,860 Thanks
    MeandO
    I just realised I'd made a mistake on YNAB which, thankfully, is in my favour! I had an extra £102.80 that I'd accidentally put into next month's income rather than this month, so, things are not as brassic as I thought. However, I've decided to top up the fuel and grocery pots a little - I have £40 for fuel now and £20 left for groceries which will be plenty until payday and the rest I've decided to split between the savings (£10) and made an overpayment of £60.93 to the mortgage.
    It's not all good though... after refunds of £96 there was an outstanding balance of £166.96 on the credit card. Once again, I've taken the money from savings to pay it off. I just can't bear having debt on the credit card these days, BUT, I'm constantly dipping into savings to pay it off which isn't good. So, I've just deleted the card from my amazon account and will be taking it out of my purse when I get home and putting it in the attic... I don't like going in there and will only do so if absolutely necessary.
    Either that, or I'm just going to cut it up... I think the latter may be the better idea.

    So, totals now:

    Savings: £1090
    Mortgage: £78099.07


    Goodness, that 7p is bothering me!
    Mortgage Feb 2015: £102,000 Mortgage now: £78,062
    2018 OP's (aiming for £100pm): JAN:£129.26/£100
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