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  • FIRST POST
    • CathT
    • By CathT 2nd Sep 10, 11:22 AM
    • 6,259Posts
    • 43,445Thanks
    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 2019 - part 1 - £66,153 part 2 - £42,004
    Total - £108,157 96 months to go!
Page 265
    • Brodiebobs
    • By Brodiebobs 11th Nov 19, 10:21 AM
    • 881 Posts
    • 3,484 Thanks
    Brodiebobs
    Second that Pooky, we have a phones downstairs at 8pm rule. They're set up on family account so i have to agree apps before they can be down loaded and I know the codes/passwords.

    Good you've got the xmas lists and pressies sorted, neither of mine know what they want!
    Addicted to MSE.
    Overpaying mortgage for a better debt free life!
    • CathT
    • By CathT 11th Nov 19, 9:09 PM
    • 6,259 Posts
    • 43,445 Thanks
    CathT
    Thanks both, we are absolutely going to have strict rules around use of the phone. Really don't think I'm prepared for the whole high school transition.

    Bought a superb bundle of clothes for ds today, he loves all the clothes too which is a bonus and they are immaculate - £15 very well spent. We do need to be careful now on the run up to payday as been a bit spendy of late.

    Another small top up shop today and sadly no pennies to Tilly tidy.

    November spends

    Supermarket £118.22
    Fuel £60
    Nov 2019 - part 1 - £66,153 part 2 - £42,004
    Total - £108,157 96 months to go!
    • newgirly
    • By newgirly 12th Nov 19, 11:15 AM
    • 6,896 Posts
    • 47,645 Thanks
    newgirly
    The start off secondary school signifies the slippery slope towards “Kevin the teenager” territory in my experience.
    You are so right making those boundaries Cath, even if everybody else’s parents don’t, apparently my kids friends parents let them do more, stay up later, have more freedom, play older games
    MFW 21

    £73,885.09 left -target £10k/ £7,110.95 in 2019
    • CathT
    • By CathT 12th Nov 19, 7:58 PM
    • 6,259 Posts
    • 43,445 Thanks
    CathT
    Attending a training day today and there was some good information on phone safety etc.
    I'm always told I'm soooo strict by my eldest, I'm definitely not strict - just consistent with boundaries.

    Found £2.73 to Tilly tidy today from a bills account. Cancelled our HomeCare agreement yesterday but think I'll let the funds build up in the account it's usually paid out of in case we have a breakdown. Couldn't find the key to bleed the radiators anywhere so will pick one up tomorrow.

    It was a NSD until I bought a chew at puppy training class tonight but as it was cash it doesn't really count as it's the current accounts I am focusing on.


    Feelings of overwhelm creeping in again here - am blaming the full moon!
    Nov 2019 - part 1 - £66,153 part 2 - £42,004
    Total - £108,157 96 months to go!
    • Brodiebobs
    • By Brodiebobs 13th Nov 19, 10:43 AM
    • 881 Posts
    • 3,484 Thanks
    Brodiebobs
    Same here! didn't think about the full moon-maybe to blame!
    Addicted to MSE.
    Overpaying mortgage for a better debt free life!
    • debtfreeoneday
    • By debtfreeoneday 14th Nov 19, 2:41 PM
    • 3,070 Posts
    • 10,627 Thanks
    debtfreeoneday
    I blame the moon for a lot of things!!
    DFW (08/08) £64,346.53 Gone for good (02/19)
    MFW (01/15) £77,157.05
    • CathT
    • By CathT 15th Nov 19, 7:01 AM
    • 6,259 Posts
    • 43,445 Thanks
    CathT
    I think it has a lot to answer for

    Had an okay week and got a few jobs done. On top of things at home and finally returned an email to a potential high school that I jut haven't had chance to.

    Tilly tidies are a bit slow as little account activity this time of the month (payday next week) but managed 11p this morning.

    Still trying to get organised for Christmas and still waiting on 3 deliveries. Plan is to get to Mr S to use the double up to get a few things off their lists.

    Was chatting with Dh recently and he would really love for within the next 7 years to be working less hours (this would
    Work best for us as he works unsociable hours and I'm the breadwinner). Obviously being mortgage free or even almost there on mortgage 1 would help massively with this.

    Keep plodding MFW's

    November spends

    Supermarket £150.83
    Fuel £90
    Last edited by CathT; 17-11-2019 at 12:56 PM.
    Nov 2019 - part 1 - £66,153 part 2 - £42,004
    Total - £108,157 96 months to go!
    • CathT
    • By CathT 16th Nov 19, 12:23 PM
    • 6,259 Posts
    • 43,445 Thanks
    CathT
    Had some absolute bargains this morning! Had £76 worth of Christmas presents free from Mr S courtesy of the double up and a £6 off voucher. It was definitely worth it as they were items they want rather than me buying things from the gift section for the sake of it. Will pop back tomorrow when I can use another £6 off voucher to use my remaining points. Everything is now safely hidden away.....



    25p tilly tidy with hopefully more to come if I can set and stick to a strict budget on the run up to payday.
    Nov 2019 - part 1 - £66,153 part 2 - £42,004
    Total - £108,157 96 months to go!
    • apple muncher
    • By apple muncher 16th Nov 19, 2:52 PM
    • 9,498 Posts
    • 73,004 Thanks
    apple muncher
    Awesome use of free money! Well done!
    NST YESvember #1; NSD 10/15; Ex 5/21; remove bagfuls 1(46)

    Mortgage £15,451 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143; 01/19: 18.275) MFWDate???
    • CathT
    • By CathT 18th Nov 19, 7:00 AM
    • 6,259 Posts
    • 43,445 Thanks
    CathT
    I do life free money Apple. I'm keeping a log of it all so I can work out what Christmas actually 'cost'.

    Spent the remaining vouchers yesterday (they are capped at £100) and got some jeans for dd and some pyjamas for me for Dh to wrap up for my present. Also bought the advent calendars to save any last minute panicking at the end of the month.

    Small top up shop done which should see us through until Friday and I've pencilled in what to do with the remaining budget. A chunk will go towards mortgage (hopefully enough to knock a month off, then knock another with an OP on payday), some to cc and some to premium bonds.

    20p Tilly tidy this morning to kickstart the week.
    Nov 2019 - part 1 - £66,153 part 2 - £42,004
    Total - £108,157 96 months to go!
    • greent
    • By greent 18th Nov 19, 12:44 PM
    • 8,245 Posts
    • 83,782 Thanks
    greent
    The start off secondary school signifies the slippery slope towards “Kevin the teenager” territory in my experience.
    Originally posted by newgirly
    The school which my DS2 attends actually shows them the Kevin the Teenager video in one of their PSHE lessons at the start of Y8!

    Sounds like some great Xmas bargains, Cath
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 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 12/18 £54829 2019 OPs (#18) £4675/£5K
    Net sales 2019 £626.25/£500
    • CathT
    • By CathT 19th Nov 19, 8:21 PM
    • 6,259 Posts
    • 43,445 Thanks
    CathT
    Thanks greent

    2 NSD's but a few items needed tomorrow.

    Puppy training course completed and we have a rosette and certificate for our efforts. As much as I have enjoyed it and learned a lot about puppies/dogs it will be nice not to have to trek out in the evenings. One of dd's
    Football training sessions breaks for Christmas next week so we will only be out one evening a week. This makes a huge difference from only having one free evening a week a few years ago.

    40p Tilly tidy today and almost payday so hopefully more overpayments before then.
    Nov 2019 - part 1 - £66,153 part 2 - £42,004
    Total - £108,157 96 months to go!
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