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  • FIRST POST
    • MeandO
    • By MeandO 10th Nov 17, 11:39 AM
    • 1,449Posts
    • 6,876Thanks
    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: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
Page 1
    • MeandO
    • By MeandO 10th Nov 17, 11:46 AM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    • #2
    • 10th Nov 17, 11:46 AM
    • #2
    • 10th Nov 17, 11:46 AM
    Today I've swept a small payment of £14.80 to the mortgage. I've paid the full 10% allowed to one of the sub accounts, so I'm now throwing the rest at the second sub account for the remainder of 2017.

    My new allowance starts 1st January 2018, sadly I won't have 10% ready to throw at it like last year, but I'll be chipping away at it throughout the year.

    I'm also building up my savings pots presently as I have the MOT tomorrow (please be ok car, please be ok ) and car insurance to come out of that next month.

    Current balances:

    Savings: £1630/£2000
    Mortgage: £78,774.35

    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • louloubelle79
    • By louloubelle79 10th Nov 17, 12:33 PM
    • 336 Posts
    • 177 Thanks
    louloubelle79
    • #3
    • 10th Nov 17, 12:33 PM
    • #3
    • 10th Nov 17, 12:33 PM
    Hiya welcome and enjoy your MF journey, I'm putting mine on hold ATM as had to get£10k loan for house repairs
    • MeandO
    • By MeandO 10th Nov 17, 12:41 PM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    • #4
    • 10th Nov 17, 12:41 PM
    • #4
    • 10th Nov 17, 12:41 PM
    Thanks for popping by Louloubelle79, sorry to hear about the house repairs. I live in fear of the same happening to me tbh, I don't have a lot of cash to fall back on and this old house has already thrown up a few unexpected problems. Hope things go smoothly for you from now on.

    x
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • beanielou
    • By beanielou 10th Nov 17, 6:09 PM
    • 55,063 Posts
    • 220,040 Thanks
    beanielou
    • #5
    • 10th Nov 17, 6:09 PM
    • #5
    • 10th Nov 17, 6:09 PM
    Happy shiny new diary
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • MeandO
    • By MeandO 11th Nov 17, 4:09 PM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    • #6
    • 11th Nov 17, 4:09 PM
    • #6
    • 11th Nov 17, 4:09 PM
    Thanks BeanieLou

    Today has been a busy one - the car went in for its first MOT and thankfully passed with no issues - £35 spent there.

    My new oven was also delivered and fitted this morning, I'm so happy! The old one that came with this house gave up on me a couple of weeks ago and I'd been trying to get it repaired to save buying a new one, but it worked out uneconomical to do so.
    Cue mass panic about finding the money for a new one (it's a range cooker with a range-shaped hole to fill), so was not cheap to replace. I eventually gave in and ordered one (albeit with £150 cashback), but my wonderful parents have very kindly stepped in and paid for it, despite my protests. It really has helped a lot though, as I was worried about paying for it and it as going to have to go on the credit card which I've just cleared.

    So, later today I'm going to make a big pan of HM soup to freeze into portions for next week. Were also doing some baking tomorrow and making pasties and fruit pies.

    I've caught up on a few surveys whilst DS is 'minecrafting' for a little while. I've gained enough points for another £5 Amazon voucher, so have just claimed that one and will add it to the account when it drops into my inbox. It'll be used towards a christmas present.


    I paid £30 less than expected on postage for my small business yesterday, so I'll be paying that either into the savings or off the mortgage shortly - haven't decided which yet.
    I've had a few more orders over night too, so they'll all add a little more into the savings pot.
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • stepuptothepl8
    • By stepuptothepl8 11th Nov 17, 4:15 PM
    • 873 Posts
    • 4,350 Thanks
    stepuptothepl8
    • #7
    • 11th Nov 17, 4:15 PM
    • #7
    • 11th Nov 17, 4:15 PM
    Happy shiny new MFW diary!!! Will subscribe and cheer you on x
    LBM 1st Feb 2015 £16208 to go
    my diary: time to step up to the plate. SPC#503
    • MeandO
    • By MeandO 11th Nov 17, 4:53 PM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    • #8
    • 11th Nov 17, 4:53 PM
    • #8
    • 11th Nov 17, 4:53 PM
    Thanks Stepup! xx
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 11th Nov 17, 4:53 PM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    • #9
    • 11th Nov 17, 4:53 PM
    • #9
    • 11th Nov 17, 4:53 PM
    £20 added to the savings pot
    £17.95 paid off the mortgage.

    Totals now:
    Savings: £1650/£2000
    Mortgage: £78,756.40
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 12th Nov 17, 9:55 AM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    A little op of £4.57 sent to the mortgage this morning.

    Balance now: £78,751.83
    Last edited by MeandO; 12-11-2017 at 10:05 AM.
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • sleepygirl126
    • By sleepygirl126 12th Nov 17, 6:59 PM
    • 278 Posts
    • 647 Thanks
    sleepygirl126
    I was wondering where your diary was! Looking forward to reading it!!
    Original mortgage £154,850 (2013)
    Mortgage now £148,370.15

    Original savings £0 (2013)
    Savings now £3000 in ISA and premium bonds
    £60 in mini savings pot, £600 in Xmas vouchers
    • MeandO
    • By MeandO 13th Nov 17, 9:30 AM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    I was wondering where your diary was! Looking forward to reading it!!
    Originally posted by sleepygirl126
    Thanks Sleepygirl126, you put the kettle on, I'll slice the cake
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 13th Nov 17, 9:48 AM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    In celebration of the new oven, OH and I had an afternoon of baking yesterday. We made 14 pasties and a big fruit pie from a recipe we saw on a cookery show on Saturday. We 'budgeted down' some of the ingredients though as there was no way we were paying £2.50 for one vanilla pod! We have distributed some of the pasties amongst family and I've brought a couple in for colleagues today and OH has taken some to work for his workmates. We have a few left over which won't last the week!

    Yesterday morning we went to Mr T's early and they had loads of YS bargains, so we stocked up on speciality sausages, gourmet burgers, some christmas party food, chicken and a few other bits, all at great prices! We also jointly bought a couple of bottles of booze for Christmas presents and I picked up some gift cards I needed to purchase for presents. The whole bill came to £109 which I put on the credit card, but OH is giving me half and the rest I will pay off this week.
    Most of the YS bargains have gone into the freezer for Christmas time, but I need to juggle the freezer contents round a bit tonight to fit a couple more things in.

    I've ordered a few more Christmas presents too, using the Amazon voucher I claimed via surveys as part payment.

    Not much else to report, I may be be able to make another little overpayment/savings top up once some more money from the business has hit the account, hopefully by the end of the week.

    Have a good Monday all
    x
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • VDOT47
    • By VDOT47 13th Nov 17, 9:57 AM
    • 122 Posts
    • 351 Thanks
    VDOT47
    Hi MeandO - good luck with your ambitions.
    • MeandO
    • By MeandO 13th Nov 17, 10:20 AM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    Hi MeandO - good luck with your ambitions.
    Originally posted by VDOT47
    Thank you VDOT47
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 13th Nov 17, 10:21 AM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    Just transferred some sales money from the Paypal account, so have topped up the savings account by £40. Balance now stands at £1690.

    I've updated YNAB with the weekend's spends, it's going to be tight but doable for the rest of the month.
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 13th Nov 17, 5:52 PM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    I bought one more Christmas present this afternoon - a book which was £7 cheaper than on Amazon after shopping around.

    I attempted to cut the wilderness jungle grass this afternoon when I got home. The grass was a bit wet though, so the lawnmower struggled, but at least it's looking a little better now.
    I also put two outside security lights up which is a job to cross off the list as I've been meaning to do them for ages.
    One load of washing has also been done and is now drying in the tumble dryer - no other option in this weather unfortunately.

    I've repackaged some wallpaper which needs to be returned. I should get a refund of about £70 when it's credited back to the account, so that will help to bump up the savings a a little. Thankfully it's a free return as the box is heavy and would cost a fortune to post otherwise.

    I've picked the meat off a chicken cooked yesterday to use for lunch tomorrow and re-jigged the freezer to get the rest of yesterday's YS bargains in. DS has been fed, my dinner is in the fridge for later and breakfast and lunches for tomorrow are sorted.

    I almost sound organised!
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • sleepygirl126
    • By sleepygirl126 13th Nov 17, 8:56 PM
    • 278 Posts
    • 647 Thanks
    sleepygirl126
    Thanks Sleepygirl126, you put the kettle on, I'll slice the cake
    Originally posted by MeandO
    Any time!!
    Original mortgage £154,850 (2013)
    Mortgage now £148,370.15

    Original savings £0 (2013)
    Savings now £3000 in ISA and premium bonds
    £60 in mini savings pot, £600 in Xmas vouchers
    • MeandO
    • By MeandO 14th Nov 17, 9:54 AM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    I've already spent a fortune (to me!) this morning and it's not even 10am!

    I've been on the look out for some curtains for my bedroom as there are currently blinds which, I didn't realise until recently, don't actually block everything out if there's a light on inside and you're looking up from street level...
    Anyway, argos have a sale on and there's some blackout curtains which will do the job nicely. There's two windows in my bedroom - one bay and one normal one, so I need to buy two pairs unfortunately, but they are a good price. I need to shop around for a reasonably priced bay window pole now.

    I've also picked up some frames in the sale to make some family Christmas presents with DS's school photos, and a duvet cover for the spare room which I really didn't need, but loved and have been looking to get rid of the one that's in there for a while now.

    Considering I started with a basket at £179, I wittled it down to £69 so not too bad!

    I've done one more survey this morning and am not far off another £5 voucher. I'm still wiating for the last to turn up in my inbox when it will quickly be used to buy another Christmas present. I worked out that I'd earned £120 in vouchers since May/June from surveys. I'm happy with that.
    Last edited by MeandO; 14-11-2017 at 9:58 AM.
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 14th Nov 17, 12:16 PM
    • 1,449 Posts
    • 6,876 Thanks
    MeandO
    I've just cancelled the order for the curtains & duvet cover, decided I can do without them presently as I need the money for other things. I've just kept the order for the frames for £2.49 for 7, and ordered some prints of photos needed to fill them for just under £4.
    Mortgage Feb 2015: £102,000 Mortgage now: £75,900

    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£427.95
    Emergency Fund: £1000/£5000
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