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  • FIRST POST
    • MeandO
    • By MeandO 10th Nov 17, 11:39 AM
    • 1,452Posts
    • 6,883Thanks
    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 J:£0/£150
    Emergency Fund: £1000/£5000
Page 2
    • sleepygirl126
    • By sleepygirl126 15th Nov 17, 7:52 AM
    • 278 Posts
    • 647 Thanks
    sleepygirl126
    Lol...oh dear MeandO...have you been flashing at the neighbours?
    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 15th Nov 17, 9:35 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    Lol...oh dear MeandO...have you been flashing at the neighbours?
    Originally posted by sleepygirl126

    It may explain why 90% of them choose to ignore me, yet the old boy directly opposite always stops for a chat with a smile on his face!
    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 15th Nov 17, 9:49 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    £10 added to the savings this morning to round it up and£51.83 overpayment sent to the mortgage to round it down - two nice round numbers!

    Balances now:
    Savings: £1700/£2000
    Mortgage now: £78,700


    I made a big batch of HM soup last night and have portioned it up for the freezer and for lunch today. I also wrapped all of the Christmas gifts and wrote cards for everyone at 'home' so that (hopefully) visiting family this weekend can take them back with them and I won't need to post anything. I only have a few more Christmas gifts to buy now but I'll be waiting until after payday in 9 days time to do any more shopping.

    I've completed a few more surveys, have more to do but probably won't get time today, so will hopefully get to those tomorrow.

    Have a good day all
    X




    Last edited by MeandO; 24-11-2017 at 11:05 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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 15th Nov 17, 1:21 PM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    £25.52 paid off the credit card from the shopping at the weekend.
    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • sleepygirl126
    • By sleepygirl126 15th Nov 17, 5:52 PM
    • 278 Posts
    • 647 Thanks
    sleepygirl126
    Mega organised!!!!
    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 16th Nov 17, 10:15 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    Mega organised!!!!
    Originally posted by sleepygirl126
    Nah, don't fall for the pretence... I'm like a duck... I look like I've got it all together above water, but madly swimming trying not to drown underneath it all!
    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 16th Nov 17, 10:32 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    Bit of a evening last night.
    My wonderful Mum was rushed to hospital again yesterday. Her health has been very poor for some years and a few months back she was diagnosed with a terminal illness. It's horrible being so far away and not being able to do anything to help. Hopefully a change in medication will sort her out promptly this time. She was due to come up for a much longed for visit this weekend, so she's really upset. Life is just so unfair to the nicest of people sometimes.

    In money news, I did a lot of work last night, getting orders made and packed, ready to post today. I didn't sleep well at all, so am really tired today. At least I got a big bulk of work done though.

    I cooked chicken stir fry for dinner last night, but lost my appetite for it, so it's boxed up ready for lunch today. I also portioned up some chicken legs and froze them for use at a later date. The homemade soup also got put in the freezer for work lunches. Waste not want not and all that.

    The latest £5 Amazon voucher arrived from surveys and has been put towards another Christmas present already. I also ordered myself some dampseal paint ( I know how to spoil myself) that I need for an area in my hallway. It was cheaper on Amazon than at the local DIY stores. Hopefully that comes before the weekend so I can get cracking on getting that area sorted as it looks unsightly and is bothering me.

    I cancelled the automatic renewal for my central heating cover yesterday too. The renewal price was 3 times what I paid this past year. I shopped around and got a policy which is more expensive than I paid last year (it was an excellent deal last year that I can't get near to now), but it covers everything - boiler, heating, plumbing, drainage and electrical issues and I should receive £65 CB via TCB and a £50 Amazon voucher.

    Today I need to return the wallpaper that has been sat in my hallway, boxed up, for the past week. That should net £70 ish when refunded. I also need to pick up a parcel, post lots of orders, run to sainsbury's to sort the double up points thing with OH and hopefully try and chill out for a bit.

    M
    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 16th Nov 17, 11:01 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    OH has transferred the money he owed me for the shopping at the weekend, so I've just paid that off the credit card. It's surprised me how much I dislike having any money on the credit card now, and how I make it my first priorty to pay it off instantly. I've definitely changed my ways.

    I've transferred money from the business account to cover the cost of some print consumables - £53.10. I've also set money aside for postage later, so it's unlikely I'll have any left over to put towards savings or the morgage this time.

    I've just checked the balance on a forgotten about reward card I had in my purse from my Sky switch a few months back - there's £6 left on it, so off to buy a small Christmas pressie online with that one as it can't be used as part payment for anything.

    I've put in a cashback claim for the heating cover, as I see it hasn't tracked.
    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 16th Nov 17, 2:27 PM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    I've just realised that you can now set up regular mortgage op's online with lloyds, so I've just set one up to round my mortgage payment up to a rounded £400 a month. That extra £18.39 a month will cut a year and a half off my mortgage term! It will be harder for me to make regular op's next year when my business income disappears, but I plan on aiming to OP by another £100 a month at least - more if I'm able to.
    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 17th Nov 17, 9:29 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    I've woken up in a really bad mood this morning, the world and its contents can do one today.

    I was hoping for a nice relaxing evening last night as DS was at his Dad's and I was with OH. Turned out to be quite stressful and frustrating one instead. A night of bad sleep and nightmares followed, then I had the ex texting me at 7am about DS playing up, so it's not started in the best way! Result = me nipping to the shop early this morning to buy lunch for today and coming out with biscuits and mince pies for work. £6.49 later... Oops. Fed up today!

    Back to the finances, I spent £70 on postage last night; £20 more than I had anticipated, so I need to put £20 over from the business account to cover that.
    A couple more orders came in yesterday so I'll get on with those over the weekend.

    Desperately attempting not to have to transfer money back into the main account from the savings, but it will be close this 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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 20th Nov 17, 9:40 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    Monday morning already.

    The credit card has unfortunately taken a bit of a hit this weekend. I finished the last of the Christmas shopping and put it on there, also bought a runner for the hall to try and make it a bit cosier and warmer on the tootsies (£17), some lights (£23) and some new jeans for myself as my others had all worn through (£12) and a pair of shoes in the sales for myself for the bargain price of £6.40. As soon as I get paid on Friday, I'll be jigging the budget round so I can hopefully more or less pay it all off, or at least do so asap.

    The weekend was a mixed bag - slightly stressful in parts and lovely in others. We met up with one of OHs friends and colleagues yesterday which was lovely, and it may raise a few exciting new opportunities for myself and my career too. Time will tell, but it's so terrifying to even think about new work opportunities whilst being the lone bill payer and the budget being on the edge of affordability as it is, but I would be a fool not to at least keep an open mind. It may come to nothing, but we shall see.

    Have had a fair few orders over the weekend too, but this will now be the last of them as I am out of stock now. It's quite sad to close down my little business which has done me well over the past five years but it's no longer feasible to continue with it.

    So, payday is on Friday, I'm going to have to try to not spend a bean until then...
    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 21st Nov 17, 9:45 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    £100 paid off the credit card this morning. I'm also waiting on a refund of £70ish which will be paid off the card once it arrives. I need to return a couple of gift items I've bought from Amazon once they arrive as I've since realised they're not really as suitable as first thought, so that will be £82 back on the card too.

    Dinner last night was a concotion of bottom of the fridge veg mixed with a bit of rice and some YS thai fishcakes OH picked up. I took some mince out of the freezer this morning to make a lasgane for DS and I can portion the rest up for the freezer too.

    No more payments towards the mortgage or savings yet unfortunately, need to concentrate on paying the recent spends off the card and making it through to payday on Friday with a bit left in the bank!
    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 22nd Nov 17, 1:07 PM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    Seriously annoyed last night - the refund due for close to £80 has only credited £22, stating that I returned 2 items, when I actually returned 7 items, all in the same box. I phoned customer services last night, after waiting 20 minutes on hold before actually speaking to someone, for them to be completely useless. I have sent an email to the head office and will await their reply - apparently within 48 hours.

    Other money news - I have none.
    Well, there's not much left in the bank, but we don't need anything until payday so we'll be fine.

    Lunch was a lovely big bowl of homemade soup, frozen a week or so ago. I have a few more of those portions to keep me going too.
    Last night I made a lasgane for DS and managed to freeze four portions of that, so that'll help for quick homemade meals on school nights.
    I'm trying to lose weight as I'm the heaviest I've been for a long time and it's really getting me down, so I'm actively trying to reduce my portions and eat healthier. We're out of fruit and veg and I need to pick some more up, but this can wait until the weekend. For tonight I shall use some frozen runner beans from the freezer, tomorrow and Friday I'll be eating with OH.
    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • VDOT47
    • By VDOT47 22nd Nov 17, 2:07 PM
    • 123 Posts
    • 351 Thanks
    VDOT47
    Keep going MeandO, life can be a b*****d at times. Hope your mum is better after her hospital visit.


    Sounds like you are doing well with the moneysaving, home cooking etc.
    • MeandO
    • By MeandO 23rd Nov 17, 9:42 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    Keep going MeandO, life can be a b*****d at times. Hope your mum is better after her hospital visit.

    Sounds like you are doing well with the moneysaving, home cooking etc.
    Originally posted by VDOT47
    Thank you kindly VDOT47, you're right about life, it certainly can test us at time can't it. Still, have to be thankful for our lot I guess.
    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 23rd Nov 17, 10:15 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    The refund saga has just got to the point of ridiculous now. The same company has now promised they've refunded varying amounts of money, then they've sent me dispatch notifications for the items again saying they've sent them back to me, then they've refunded me for 6 out of 7 of the itmes - it's a complete farce. I'm waiting to see if the final item is refunded within a few days, if not, I'll be chasing them again. For now, I've paid the £67.14 I have been refunded straight off the credit card.

    I worked late last night (once DS was in bed at 7pm), getting the last of my orders out. That's it now for the business, apart from the odd one or two little orders possibly. It's been years of hard work but it has been worth it in more ways than one. Hopefully new things are on the horizon - one door closes another opens and all that...
    I will miss the extra money and obviously won't be able to save as much now, so sticking to the budget will be priority.
    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 24th Nov 17, 11:09 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    I've finally been issued the full refund due to me from the refund saga, but time will tell as to whether it shows up in the bank account. I've also chased Amazon about a refund today and they said they've credited it to my account today so hopefully that will show up soon too. As soon as it hits the account it'll be paid off the credit card.

    It's payday today and I've transferred £300 to the savings and paid another £56 off the card. I've now got the savings up to my initial target of £2000, but am aware this will take a severe hit soon with the building work due to commence shortly, so I will up my target to £300 for now.

    YNAB has been updated and everything is in order. Once some extra bits of money come in through the month I should be able to pay the card off, put a little more into savings and throw a few more overpayments at the mortgage.
    Last edited by MeandO; 24-11-2017 at 11:23 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 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 24th Nov 17, 11:26 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    £30 OP sent to the mortgage for now.
    New balances:


    Savings:
    £2000/£3000
    Mortgage: £78,670

    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 J:£0/£150
    Emergency Fund: £1000/£5000
    • sleepygirl126
    • By sleepygirl126 26th Nov 17, 9:50 AM
    • 278 Posts
    • 647 Thanks
    sleepygirl126
    You!!!8217;re doing so well with your savings etc! Sorry to hear life has been a bit bumpy but it will improve again I!!!8217;m sure..
    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 27th Nov 17, 10:35 AM
    • 1,452 Posts
    • 6,883 Thanks
    MeandO
    Thank you Sleepygirl x

    A few spends over the weekend on bits and pieces from Home bargains and B&M. I need to pick up some groceries today. Not enough for an online shop, so I will pop to a supermarket after work.

    I've paid £150 off the credit card today and £65 has gone to the savings. No more to pay off the mortgage yet, but I'm hoping to do so within the next week or so.
    The business is now done with, there'll be no more income from that so surplus money will be much lower from now on.

    Didn't have a great day yesterday, don't know why, but I just had this awful feeling like something bad was going to happen all day and I was in a horrible mood. It's not normally like me at all, I couldn't shake it off. OH and I went out for a nice country walk in the afternoon, ended up ankle deep in squelchy mud at points, but it was good to get out and clear the cobwebs! I have lots of very muddy washing to do today though...
    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 J:£0/£150
    Emergency Fund: £1000/£5000
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