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  • FIRST POST
    • CathT
    • By CathT 2nd Sep 10, 11:22 AM
    • 5,710Posts
    • 39,887Thanks
    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.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
Page 228
    • CathT
    • By CathT 28th Apr 18, 5:23 PM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    Today has flown and I dont feel I like I have achieved much at all.

    Didnt get up until 7:30am which was much nicer than the 5:45 weekly alarm. Dd has a piano competition so 15 spent between admission, programme and snacks. Popped to get a print and a frame for a present for a friend next week. 2 libes of washing line dried despite the weather being a bit showery and not particularly warm. Other than that I have eaten all my calories for the day and failed when I tried to nap so I am still tired! Scales are showing a 2lb loss this week though which is fab considering I am almost at my goal.

    Currently sat on sofa with blanket and painful foot so might attempt the nap thing again.

    This was meant to be a money focused post, ah well!
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • apple muncher
    • By apple muncher 28th Apr 18, 6:31 PM
    • 7,697 Posts
    • 58,058 Thanks
    apple muncher
    Take care of you and your foot x
    NST September Sunshine #4; NSD 8/21; Ex 8/21 ; craft 7 (121); remove 32 (621)
    2018 Pay off: 3437; 2
    018 sell 49.10; WLOSW 1/10

    Mortgage 19,614 (01/14: 78,201; 01/15: 59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143) MFWDate Dec 2018
    • CathT
    • By CathT 29th Apr 18, 9:18 PM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    Thanks Apple, swelling almost all gone but it's painful in a different way now. The boot definitely helps though. I'm just frustrated that I can't really do much.

    The last few days have been rather spends, have bought tickets for various events which seems expensive as everything has been booked at the same time but we have some lovely things to look forward to.

    Dh and dd went to see the new Avengers film today so that was 22 spent, the cinema really is so expensive. I'm hoping gr0upon do another offer as there are lots of films coming out we would like to see.

    Y0ugov has been very quiet and I am only a few surveys away from payout, 610 sent to t3sco card. As we go away in May we only actually need our monthly budget to last just over 2 weeks. We get home on my payday so it's pretty well timed. I do actually need to think about packing and possibly buying new clothes for ds as he seems to have grown out of last years clothes (so dh tells me). I'm not convinced as although he's shot up he's only gained 1lb in weight in a year. I'll see what I can manage to do this week.

    Hope everyone has a fab week and we all get some warmth and sunshine.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • AlexLK
    • By AlexLK 29th Apr 18, 10:12 PM
    • 6,105 Posts
    • 32,364 Thanks
    AlexLK
    Hope the music festival went well.
    2018 totals:
    Savings 11,200
    Mortgage Overpayments 5,500
    • CathT
    • By CathT 30th Apr 18, 6:48 AM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    It did thanks Alex, she also played last year so it!!!8217;s a great thing to do. The adjudicators are brilliant and give excellent feedback. She will be sitting her grade 1 by the end of this year and played a duet (got commended) and a trio (got a merit). It!!!8217;s lovely that she gets to play to an audience and also hear others play. Her teacher was also entered so it was lovely for all us of to see her play.

    Payday for dh so money shuffle done, he did some more overtime yesterday aswell which we will feel the benefit of next month. 25p Tilly tidy sent and t3sco card payments up to date. Thank goodness we only need to survive on this months budget for just over 2 weeks!
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • CathT
    • By CathT 2nd May 18, 9:50 PM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    Hump day done and we have a wonderful weekend to look forward to. We have spent very little money on day to day things this week although DH did need a new car tyre which was 48. Still have 300 in food/fuel budget though and in reality it only needs to last another 16 days. Am tempted to use some of it for overpayments but don't want to leave us short.

    We go away this month and are not at all prepared! We need Euros, ds needs new shorts, both children possibly need footwear. I don't even want to think about packing!

    1.04 tilly tidy sent to the mortgage and signature updated. 75 points to go on y0ugov but they're not being particularly generous with surveys at the moment.

    Foot pretty sore especially at the end of the day. Am hoping it is a 'healing pain'
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • Moneyfordreams
    • By Moneyfordreams 2nd May 18, 11:18 PM
    • 1,094 Posts
    • 5,433 Thanks
    Moneyfordreams
    We have holidays too this month.. I have just done a mammoth holiday shop in Matal@n.. very reasonable ( and a few CS bits too)
    Mortgage restart June 2018 119950
    zero personal cc
    6x166 for sofas ending November 2018
    2500 on DD1s car cc
    • CathT
    • By CathT 3rd May 18, 7:42 AM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    Oooh enjoy MFD.

    I never thought of Matalan and we also have 3 of gift vouchers for there.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • CathT
    • By CathT 7th May 18, 4:49 PM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    Looks like the forum has been very quiet over the bank holiday. I expected to be on page 5 but was on page 2!

    We are just en route back from spending the weekend with friends and we have had such a brilliant time. Think we have spent about 50 which is nothing really!

    25 more points needed on y0ugov to hit payout, who knows when a survey will become available!?!?

    Dh has had his second compensation offer which he has accepted and is giving me 1000 of it. I have my eye on a log burner!
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • newgirly
    • By newgirly 7th May 18, 5:24 PM
    • 6,443 Posts
    • 44,828 Thanks
    newgirly
    Glad you had a nice weekend away Cath, 50 spent is great
    MFW 21
    Target for 2018 40k/13,632 paid so far

    Mortgage 36,193 3yrs 9 mths left. Total owed 47,059 plan to clear in 12 months
    • CathT
    • By CathT 8th May 18, 10:15 PM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    Thanks Newgirly, most of the spends involved a day at the beach with chips, fair rides and ice creams. Memories from the weekend are priceless.

    Just gone through receipts as dh has put petrol in both cars today. Have balanced accounts and credit card but 'owe' the cc 30. Piano lessons to pay for tomorrow and this has left us about 30 cash in the account. In theory that should last us a week.

    Y0ugov survey came through so payout hit and requested and I'm hopeful it arrives soon as I am looking forward to paying it off the mortgage.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • shangaijimmy
    • By shangaijimmy 9th May 18, 7:18 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Oh compensation pay out. Mrs SJ had a nasty fall a few years ago and was awarded around 2k compensation. As yet we've still not spent it as we could never decide on what to use it for! So it currently sits as part of our EF. I actually used some of it as a loan to oursevles when we bought a replacement car, and have steadily been paying it back (will be repaid by Feb next year). Mrs SJ doesn't really know where i borrowed the cash from and i'm just hoping she's forgotten about the cash for another few months as she hasn't mentioned it for i reckon 6 months now!!

    A log burner sounds a good idea to me!
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction 44,136.86
    Aug 2009: 163,051 // Current: 91,863.15 // Avg Daily Interest 4.13
    MFiT-T4 #8 - 80.74% of 41,000
    • CathT
    • By CathT 10th May 18, 6:59 AM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    I am just glad dh is giving me the bulk of it, he knows I will spend it wisely. I think his part is being spent on some kind of television and improved internet.

    Since we are running the account down to payday and we are on holiday next week I did a Tilly today thinking we had 70p to play with. Sent it to mortgage, checked other account and it was actually 79p so had to log back in and send 9p and amend spreadsheet. The months are getting so hard to knock off which can be disheartening but the plod continues.

    Dh tells me we do not need a small top up shop I was planning so he is definitely getting on board with some kind of money saving. However we might get have booked another holiday last night. Desperate to tell the children but will wait until deposits paid today and we have paperwork just in case as rooms were selling fast!
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • shangaijimmy
    • By shangaijimmy 10th May 18, 7:11 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    However we might get have booked another holiday last night. Desperate to tell the children but will wait until deposits paid today and we have paperwork just in case as rooms were selling fast!
    Originally posted by CathT
    2 key words there. How do you "might" have booked? and then lucky you "another"...slightly envious there!! All just rewards for the hard work making money work hard for you all.
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction 44,136.86
    Aug 2009: 163,051 // Current: 91,863.15 // Avg Daily Interest 4.13
    MFiT-T4 #8 - 80.74% of 41,000
    • CathT
    • By CathT 10th May 18, 4:29 PM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    It was all done through fb so needed confirmation this morning. Deposit paid and booking secured. After years of shocking childcare costs we are making the most of the extra cash in the budget. Just trying to have lots of fun along the way.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • CathT
    • By CathT 12th May 18, 8:57 AM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    It is the weekend!

    I have had a late start though and slept until 8:15 so just having my first coffee (de-caf, nothing exciting!)

    Just sent a 4 mortgage op as rounded the current account down.

    Dh is treating me to some of his compensation money to buy some bits and pieces for holiday today. I am accepting as it will mean a bit less technology type purchases to clutter up the house!

    Dd has been to my mums for a sleepover so it is fairly quiet here with only one child so I am going to crack on with the packing and assess the suitcase situation as we may need to buy another one today.

    Be back on later to catch up with diaries, have a lovely weekend.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • CathT
    • By CathT 13th May 18, 9:33 AM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    Morning, the sun is out here so I am hoping that will do something for the motivation levels. Dh is doing another car boot sale and I am having my first cuppa. Washing machine is on and I will sort out the packing today! Still have some last minute items to buy later aswell.

    Still running down the freezer supplies before we go away which may mean some random meals for me as I try and ensure I am eating enough protein. Have some bolognaise defrosting so the children can have that for lunch.

    If I find some extra energy I will finish strimming the garden too. Will also need to fit in a trip to the park for the children too.

    Dh will probably come home late morning and I am hopeful he arrived home mostly clutter free and with plenty of cash!
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • CathT
    • By CathT 13th May 18, 7:36 PM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    25 profit from carboot sale has been sent to the mortgage, spreadsheet updated and coloured in another brick. I must have shown dh the picture years ago and he was impressed at home much of the house we have now coloured in.

    Finished the strimming in the garden, line dried two loads of washing including two lots of bedding. Exchanged an item for dd bought yesterday which is slightly too small (walked part way to avoid parking costs), did a small shop at @ldi which was mainly toiletry items for holiday. Saw a homeless man outside and from discussions on a social media page for our town he has quite a sad story and sits outside the supermarket out of town so he doesn!!!8217;t mix with the other homeless group who are involved with substance misuse. I asked him what he would like and he wanted chocolate so got him that and some bananas. Dh has bought him something in the past but he had moved before dh could give him the items.

    Most packing is done for holiday apart from items we are still using. Double checked transfer time and it is only 20 minutes from airport to hotel which will make up for the longer flight than we are used to.

    A short working week for us this week then hopefully lots of memories being made in the sun.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • CathT
    • By CathT 15th May 18, 6:56 AM
    • 5,710 Posts
    • 39,887 Thanks
    CathT
    Morning, looks like another glorious day here.

    Had some early productivity, CB hit account so swimming lessons paid for. Realised we spend about 750 a year on these!

    Y0ugov money also landed so have already transferred that and sent as a mortgage OP. Account updated and will update spreadsheet later. Our end date is currently May 2029 on that part and whilst I don!!!8217;t have a fixed age I want to be mortgage free by I would like it before 47 which I will be in 2029. Getting it to April at least means I will be 46! I know that is still a great age for mortgage freedom but being on this journey and part of this community really shows you what is possible.
    Sept 2018 -
    part 1 - 75,557
    part 2 - 44,913
    Total - 120,470
    • shangaijimmy
    • By shangaijimmy 15th May 18, 8:01 AM
    • 2,782 Posts
    • 13,893 Thanks
    shangaijimmy
    Must be the day for swimming lesson talk. We were just talking about when its time to stop with DS2! I'll definitely be stopping in time to switch payment from DS2 to DD as I don't want a cross over for 2. As for age of MF i'm pushing hard for it to be when i'm still 45, so have 12 months of flexibility. My thoughts are that it then gives me 15yrs of investing that cash to get to retirement at 60! Not that i'm looking 20yrs ahead or anything...
    MFW: Turning June 2036 into March 2025... 41//120 Payments Challenge, Diary Reduction 44,136.86
    Aug 2009: 163,051 // Current: 91,863.15 // Avg Daily Interest 4.13
    MFiT-T4 #8 - 80.74% of 41,000
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