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  • FIRST POST
    • CathT
    • By CathT 2nd Sep 10, 11:22 AM
    • 5,546Posts
    • 38,656Thanks
    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.
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
Page 224
    • smallholdingsister
    • By smallholdingsister 3rd Mar 18, 8:54 AM
    • 3,591 Posts
    • 30,128 Thanks
    smallholdingsister
    Ooh. Exciting. Is there a deadline for the dissertation?
    • michelle09
    • By michelle09 3rd Mar 18, 9:31 AM
    • 777 Posts
    • 4,278 Thanks
    michelle09
    That sounds really interesting CathT, have you picked a dissertation subject yet?

    We need to do a meter reading today. I'd really rather not know.
    • CathT
    • By CathT 3rd Mar 18, 10:40 AM
    • 5,546 Posts
    • 38,656 Thanks
    CathT
    I!!!8217;ve got an academic year to do it and manager will release me from work one day a week. Just need to fit in my work commitments over 4 days. Still need to secure funding but all other documents sent and being processed. I am hoping to do something related to resilience and adverse childhood experiences as it fits in very well with my line of work and it is very current.

    Dh has gone to ikea this morning (a 45 minute drive) and the main units we wanted are out of stock until Wednesday! He is happy to go back then but I really wanted to get organised this weekend. Cannot be helped but it is a little frustrating.

    Current accounts checked and budget needed. We are over the hump in terms of paydays as next money due into current account on 20th then I get paid soon after. Food/petrol account looking healthy so hoping we will have some surplus funds in there at month end.

    Scales are going the wrong way so I am off to do a workout and try and forget that I may need to give up wine!
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • atypicalblonde
    • By atypicalblonde 3rd Mar 18, 2:32 PM
    • 2,860 Posts
    • 20,050 Thanks
    atypicalblonde
    In answer to your question on my thread, yes I have given up wine and that has contributed greatly to the weight loss I think. It has been strange as I really missed it at first, however as time passed I haven't craved it at all - a bit like when you're pregnant and know you can't have wine, so you don't seem to want it anymore.

    That, combined with not eating any processed carbs and not eating after 6.30pm, seem to be the most important factors x
    MFW
    Mortgage 8.2.15 - 171,064.64 Mortgage 1.5.2018 - 99,980.45
    Aiming to be MF 1.10.2020
    • CathT
    • By CathT 3rd Mar 18, 8:18 PM
    • 5,546 Posts
    • 38,656 Thanks
    CathT
    Thanks atb, I have it up for 12 weeks last year and didnt miss it at all after the first couple of weeks. It really is just an ingrained Friday habit.

    Ds room is looking great. We moved a unit into dd room when it was being decorated and will leave it in her room. We have moved his bed into the alcove and moved a unit so there is much more floor space. We had bought some avengers prints from a recent comic event we went to so have put them in ikea frames and they look great. The white frames against the grey wall looks really good. Just need to get him a new light shade and once the blinds are fitted on Wednesday it will be finished. We borrowed a small unit from dd room rather than buying anything new and will also move a 2 tier shelf unit from our room to house some of his toys.

    94p Tilly tidy inspired by jimmy this morning. 2 bridge toll paid (dh has no idea why the sat nav took him that way!). I cannot see the added interest to the mortgage this month for some reason so will update spreadsheet when it is clearer.

    Workout done, 10k steps walked. Calories hit and macros not too far off. Not bad for first day back in the zone.

    Settling down to watch tv with dh now, one episode of his series followed by an episode of mine. All about compromise since he has wine and I do not!
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • mortgage_girl
    • By mortgage_girl 4th Mar 18, 4:59 PM
    • 852 Posts
    • 3,911 Thanks
    mortgage_girl
    Ooh exciting news about the MSc Cath, the topic you've chosen for your dissertation sounds really interesting too.

    MGx
    2018: 1313.85 / 9,300
    2017: 7646.64 / 11,000 2016: 4557.98 / 11,000 2015: 10,230.37 / 11,000 2014 =6703.26 / 11,000 2013 = 4288.51 / 8000 2012 = 1600/5000 2011 = 2579/3000
    MF date was Nov 2041 - now April 2022

    • CathT
    • By CathT 4th Mar 18, 10:37 PM
    • 5,546 Posts
    • 38,656 Thanks
    CathT
    Thanks MG, just hope everything goes to plan.

    Well we have had a productive weekend. Both children went to a party yesterday so dh and I between us got lots done. 104 spent in ikea and a bedroom sorted. Dh worked OT today, ds had a party and I finished off his room moving the unit from our room. We also bought a new houseplant from ikea, have the same one in the family area and now have one in the hall I cannot believe how much difference some greenery makes to a space. It will look even better with new units in place. Dd has been consistent with piano practice and is sounding great and enjoying it more.

    Top up shop at c0-Op but have literally just realised I may have missed out on cash back by not using current account. Will check if it is still valid tomorrow and me more mindful going forward.
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • CathT
    • By CathT 4th Mar 18, 10:38 PM
    • 5,546 Posts
    • 38,656 Thanks
    CathT
    Posted too soon and can see typos!

    It feels good starting the working week with the house in order and next payday not too far away. Have a mixed week workwise so expecting it to go quickly and hopefully seamlessly!
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • CathT
    • By CathT 5th Mar 18, 10:30 PM
    • 5,546 Posts
    • 38,656 Thanks
    CathT
    Well today flew as expected. I have drunk loads of water, done my 10k steps and tracked my food. Felt quite happy on my morning commute and even found myself singing!

    Nsd today which was needed. 94p Tilly tidy over weekend and 48p today.

    Think it might be a long week as we are all shattered already.
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • shangaijimmy
    • By shangaijimmy 6th Mar 18, 8:43 PM
    • 2,718 Posts
    • 13,381 Thanks
    shangaijimmy
    Good progress in here! I know what you mean about long week ahead, at the minute every week of mine seems that long that its merging into the next!
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • CathT
    • By CathT 6th Mar 18, 10:50 PM
    • 5,546 Posts
    • 38,656 Thanks
    CathT
    Thanks Jimmy, the weekends are too short aren't they. Hump day tomorrow though!

    Made a couple more tt's of 48p and 87p. Sold a unit on bookface which appeared to be in high demand as I was inundated with messages, 30 paid off the t3sco card so in theory it's gone towards the recent ike@ purchases. Out of stock items due back in tomorrow so will hopefully get a text alert and dh will pop for them as soon as he can. How he does everything he does after getting up for work at 3am each day is beyond me!

    Budget challenge has been set, 135 to last 13 days. It should be doable and I do love a challenge in the run up to payday.
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • CathT
    • By CathT 7th Mar 18, 10:27 PM
    • 5,546 Posts
    • 38,656 Thanks
    CathT
    Have been browsing mortgage rates the last couple of evenings and I'm looking forward to being able to secure a new, more competitive rate. We are coming to the end of a 5 year fix at 2.99% (one year to go). I did use the 'ditch the fix' tool on here but we are better off letting it run its course. It's frustrating me that we are not making big overpayments at the moment but we are also trying to live a little and make memories with the children. No point being mortgage free early 40's and having missed out on so much with them. Spreadsheet currently shows that main mortgage will be repaid just after my 47th birthday.

    So with that in mind the small but consistent efforts are continuing. 50p tilly tidy and 50 points on y0ugov today. No food spends today and we should survive tomorrow without any spends too. I have eaten cheaply today and had porridge for dinner as didn't really fancy much at all and everyone else had eaten.

    Gas and electric spends are back down to about 3 a day and I am ignoring the latest weather warning! The blinds have been fitted in ds's bedroom and they look great. He has moved back into his bedroom tonight and loves it. We have spent quite a lot of money on the house lately with re-decoration but it has definitely been worth it. Items we want at ike@ are still out of stock so getting a bit impatient to have those to finish the house (if houses can ever be finished, I already want the lounge and our bedroom decorated!)
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • shangaijimmy
    • By shangaijimmy 8th Mar 18, 8:10 AM
    • 2,718 Posts
    • 13,381 Thanks
    shangaijimmy
    I am the same as you, we have 1 year left on our current fix (a very good rate of 1.64%) and i'm scanning rates!! Hoping the Brexit doesn't cause a surge in interest rates before we can secure a rate. frustrating thing is we have to wait till December. At the minute i'm hoping a 5yr fix (if we can get about 1.99%) will finish us off... 46 for me and 43 for Mrs SJ!
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • CathT
    • By CathT 8th Mar 18, 6:12 PM
    • 5,546 Posts
    • 38,656 Thanks
    CathT
    That is a brilliant target, we!!!8217;d have at least another 3 year fix I think if we fix for 5 years again this time. We are with fd and I am sure you can fix 6 months in advance. Rates are only going to go one way so I will be on the ball in September to get our fixed deal sorted out.

    We had a bit more snow this morning but thankfully gone now. Fingers crossed that is the last and we will have a lovely Spring to look forward to.

    Dh has come home with an early Mothers Day present for me. A second hand Fitbit (my favourite way of acquiring presents) which was only 20. What a bargain. Mine is falling apart so it is very much needed.

    Going to watch bake off with the children now as we have an acitivity free evening.
    Energy use will be reasonable today as I accidentally switched the smart meter off this morning!!
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • michelle09
    • By michelle09 9th Mar 18, 9:47 AM
    • 777 Posts
    • 4,278 Thanks
    michelle09
    That's a good rate, how easy are FD for switching to? Do they allow OPs easily enough?

    That is a good fitbit price! I got a new one for free by going back to fitbit. If it's less than two years old they will replace it although you need to push a bit.
    • shangaijimmy
    • By shangaijimmy 9th Mar 18, 12:38 PM
    • 2,718 Posts
    • 13,381 Thanks
    shangaijimmy
    FD are great from my experience. I can't see us moving away from them to be honest.
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • CathT
    • By CathT 10th Mar 18, 10:17 AM
    • 5,546 Posts
    • 38,656 Thanks
    CathT
    FD are brilliant. Cannot fault their customer service and they always seem to come out on top for that. I imagine we will stay with too Jimmy. We cannot view mortgage balance online but can on the app. I think that was the only negative before but that is resolved. They make switches effortless and often have deals for current account switches too.

    21p Tilly tidy this morning and after checking current account we have more money than last time I checked?? Credit card has taken a battering lately though so that needs to be prioritised. Dh has a 5 week pay month so that will help.

    Units back in stock at Ike@ so dh has gone to go and get them. As long as he is back for the 12:30 match he will be happy.

    I want something from denenh@ms which I have a voucher for so may wander into town later for that. It is to help me be organised at work so getting it before Monday would be beneficial.

    No other major plans so I imagine we will be assembling furniture at some point today.
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • CathT
    • By CathT 10th Mar 18, 9:55 PM
    • 5,546 Posts
    • 38,656 Thanks
    CathT
    Fairly productive day but I really do need to schedule a nap into my Saturday. By the evening I am shattered! Dh managed to get the 3 units we needed (105 spent) and has already assembled two. He will do the last one after his overtime shift tomorrow. Item not available in debs so I have ordered online for click and collect, it is a 2 charge but I went through tcb for 54p cash back.

    Also used 6 t3sco vouchers to buy dd another school skirt as she has lost one somehow.

    Quiet day planned tomorrow, dd has a football match and a friend is kindly helping out as ds is not well. Had a cough which seemed to improve but now back (gp had said chest was clear). His temp went up to 39.1 this afternoon and he has slept today too so definitely not right. Will keep a close eye on him.

    Early night for me, can hardly keep my eyes open.
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
    • shangaijimmy
    • By shangaijimmy 11th Mar 18, 9:16 AM
    • 2,718 Posts
    • 13,381 Thanks
    shangaijimmy
    Talking about naps, one of my New Years resolutions (in fact me only one) was to snooze more. I'm currently failing in this regard as at best i think i've had one snooze in 2018.
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction 40,984.38
    Aug 2009: 163,051 // Current: 95,015.63 // Avg Daily Interest 4.27
    MFiT-T4 #8 - 74.24% of 41,000
    • CathT
    • By CathT 11th Mar 18, 8:55 PM
    • 5,546 Posts
    • 38,656 Thanks
    CathT
    They definitely need to be prioritised Jimmy.

    Few spends today including 28 food shop and 30 fuel. Have also spent 15 on a ticket for dh to attend a local event next month. We all went last time but I think he will enjoy it more with a friend so he gets more time there and can relax and enjoy it. It's our anniversary this week so I will pop the ticket in his card as a surprise.

    50 points on y0ugov so could do with a steady stream of invitations to hit payout. Last cashed out last June and would prefer that it didn't take a year to earn each 50!

    Considering it's mother's day I haven't stopped! DH worked this morning and the children didn't seem to give me the morning off. I've done a bit of tidying as new units are assembled and they look great now that they are accessorised. Changed two beds with the intention of line drying the bedding but the weather wasn't playing ball. Am really hoping that Spring actually arrives soon. Gave my mum her present which she loved and said was the best mother's day present she has ever had. It will take some beating next year! Popped into town to pick up debs order and have organised some work stuff. AM hoping it makes my working day a little easier so worth spending a little time on it today.

    All in all it's been a productive weekend which hasn't flown by too quickly. That said I am on countdown to easter holidays in two weeks!
    May 2018 -
    part 1 - 77,906
    part 2 - 45,391
    Total - 123,297
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