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  • FIRST POST
    • CathT
    • By CathT 2nd Sep 10, 11:22 AM
    • 5,618Posts
    • 39,194Thanks
    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.
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
Page 229
    • greent
    • By greent 16th May 18, 8:31 AM
    • 7,152 Posts
    • 72,794 Thanks
    greent
    We've only got one at swimming lessons now - stopped the lessons for the other 3 when they could swim more than 100m/ were in blue level or above. Expensive when we had more than 1 in lessons at a time - but such a worthwhile and necessary skill, imo
    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. 2018 OPs (#18) £2772.47/£4000
    Net sales 2018 £548.92/£1000 PAYDOX18 (#15) Done £18918.90
    • shangaijimmy
    • By shangaijimmy 16th May 18, 9:39 AM
    • 2,759 Posts
    • 13,729 Thanks
    shangaijimmy
    DS1 i managed to teach him myself, but he was like a fish. Not scared at all and could swim 10m without armbands by 3 1/2. DS2 on the other hand was petrified so we needed the lessons. DD i suspect will be like DS1. As you say green its a vital skill that they all need.
    MFW: Turning June 2036 into March 2025... 40//120 Payments Challenge, Diary Reduction £43,102.24
    Aug 2009: £163,051 // Current: £92,897.77 // Avg Daily Interest £4.17
    MFiT-T4 #8 - 74.24% of £41,000
    • CathT
    • By CathT 17th May 18, 1:02 PM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    Yes I strongly believe it is a necessary skill and really should be prioritised before other activities. It is the only one ds does currently but he should be starting piano lessons soon when teacher has more availability.

    45 would be great for mortgage freedom, I know so many people buying their first property in their 30s and those late 40s with many years left on their term. We are definitely doing the right thing in overpaying.

    Having said that we are currently on our 4th holiday in a year!! But cloudy and hubby and children playing football so having a sneaky 10 minutes on here! A colleague quizzed me recently (in a nice intrigued way) how we afford so many holidays. Being frugal day to day is definitley key for us.i will happily book holidays but I would get annoyed at having to buy lunch for example! What a waste of £5!
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • CathT
    • By CathT 23rd May 18, 10:02 PM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    Well we are back from a wonderful week away. We spent more than intended whilst away as went on a day trip over to Gibraltar (but this did mean we ticked another country off the list) and also withdrew more cash as we were haemorraghing it! There were lots of photo opportunities at the hotel and at 10-20 euros each the spends quickly crept up. We do have some fantastic photos ready to be framed though and also had a caricature done of the children.

    Payday so have made all the necessary transfers. Found money lurking in an account of dh which was a small ppi claim so that and a tilly tidy resulted in a £9.50 mortgage op, I did say it was a small claim! Also came home to another £20 of vouchers following another referral made. Am hoping to paint the decking this weekend so hopefully that will buy the paint. 50p on yougov today and credit card spends paid off. Have also paid for half term football club for the children so it really has been all systems go since we got back. The holiday washing seems a breeze in comparison!

    I am sure I say this each month but it definitely needs to be a frugal one!
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • newgirly
    • By newgirly 23rd May 18, 10:14 PM
    • 6,360 Posts
    • 43,960 Thanks
    newgirly
    Glad you all enjoyed the holiday cath, great to be asked how you afford so many, most people just make assumptiions and would not expect it to be because you are brilliant at stretching the pennies well done
    MFW 21
    Target for 2018 £40k/£13,632 paid so far

    Mortgage £36,319 4yrs left. Total owed £48,358 plan to clear in 14 months
    • apple muncher
    • By apple muncher 24th May 18, 7:32 AM
    • 7,474 Posts
    • 56,300 Thanks
    apple muncher
    Glad you had such a wonderful time away together. Did you bring the thunderstorms back as a present for the rest of us...?
    NST Survive July #4; NSD 9/15; Ex 13/20 ; craft / (77); remove 29 (509)
    2018 Pay off: £2334; 2
    018 sell £49.10; WLOSW /10

    Mortgage £20,809 (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 24th May 18, 9:43 PM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    Thanks newgirly, it does pay to be frugal day to day. Apple you're not the first person to link me to the deteriorating weather! It's stayed dry here but has been cloudy for most of the day so fingers crossed it picks up again for the bank holiday weekend.


    dh has been an absolute gem and made a second trip to the supermarket to save me going after work. I also came home to see he had mowed the lawns after me texting him to say I would do it after work (not that I was hinting). Had my fracture reviewed today and it is healing but not quite there. Still getting intermittent pain and swelling so will try not to over-do it.


    Found £4.19 in tcb account so have requested that and overpaid it, will transfer money once it hits the account. DH has spent some of his compensation money on a new tv (I don't think we need one but since he has given me £1000 of the money I am not going to debate it with him!) My share is in a 5% saver account! He did however plant a though that we don't need the log burner I am planning as he has suggested moving the fireplace into the family room. The lounge gets really warm so we never use the fire in there and it just acts as a feature. I did wonder whether to buy one of the electric stoves for the family room as we literally just need more heat sources in there. Either way I think the log burner idea will be scrapped so I now have a spare £1000!
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • CathT
    • By CathT 26th May 18, 8:13 PM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    Well a monstrous 55inch tv is now in our lounge and dh is watching the football. I think it's far too big but since he paid I shan't complain.



    Had a mammoth 12 hour sleep last night (well, 10 minutes short) so in theory should have felt well rested but it took me a while to get going today. However, I have done a small top-up shop, bought some frames for professional holiday photos and bought some paint for the decking. DH helped me to remove the spindles and we have cut back the bushes surrounding it. It looks much better and will hopefully be used more. It catches the morning sun first thing so seems a shame not to have a morning coffee out there. Have painted it gre after seeing it on a gardening page and after the first coat it is looking good. Used vouchers for photo frames and also did a 50p survey on y0ugov this morning.



    Will finish decking tomorrow and hopefully tidy garden too. My azalea has flowered in the front garden so a bit more colour there. Just need to get some sweet pea plants and courgettes for the garden and we are pretty much set for the summer.
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • CathT
    • By CathT 27th May 18, 4:22 PM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    The weather has been so frustrating today. Had planned to finish painting the decking and do some weeding. However it decided to be hot but rain every twenty minutes. Thought I saw a chance to get out there and within 10 minutes there was another torrential downpour! However I have bagged up the cuttings I created yesterday. Gave up on garden work and popped out for more photo frames so got everything I needed for £17 and all prints are framed. Cleaned lounge, kitchen and both bathrooms and hoovered downstairs. I also seem to have eaten something every time I have gone into the kitchen!

    Washing machine is on a long hot cycle to give it a clean, ds has just gone to a birthday party and dd is occupying herself quite well so am going to read my book. I started it on the plane on the way back from holiday and really enjoying it. Can read guilt free now I have also done some housework!

    20p Tilly tidy yesterday and one bag filled ready for charity shop will have to count to any progress made this weekend.
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • CathT
    • By CathT 28th May 18, 8:36 AM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    Very happy to have woken up to sunshine after yesterdays washout. We are off to the zoo with friends today and planning on getting there early as expect it to be busy. Dh is in work earning some double time and I have not long got up!

    I was hoping to get another coat of paint on the decking before we left but spotted a small puddle on there so that will have to wait until we come home. Will take a picnic and drinks today and just spend on ice creams (hoping dh will pay for those).

    My log burner dreams have been well and truly shattered and decision firmly made as quote came back at double what expected without the cost of the fire. Patio quote is in and unfortunately £90 more than the other quote but they are not responding to my messages. I don!!!8217;t understand why as we have used them twice before and rate them very highly.

    Well I had better log off and make our picnic. Will reassess when decking just I case I can quickly sneak a coat on before we go. It is going to be a hot one today and I don!!!8217;t fancy doing it later!
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • CathT
    • By CathT 29th May 18, 10:14 PM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    Had a wonderful day yesterday although it mostly involved sitting around chatting whilst the children played on the parks. They had a wonderful time playing with their friends. DH spent about £15 on drinks and ice-creams and I didn't even take my purse. Didn't get chance to paint the decking before we went so did a coat when we got back and then another after work today. Am hoping to move the furniture back tomorrow and actually get to use it.


    37p tilly tidy today as had some cashback from current account credit the account, b*gas emailed to let me know our direct debit is reducing so have also overpaid that difference of £11.19. DH gets paid tomorrow and wages slightly higher than expected so will pay the difference off the holiday. Have also completed a 50p survey on y0ugov.



    Managed to go for a 25 minute walk whilst dd at her piano lesson, it is a lovely area to walk through and the sun was still shining so I really enjoyed it. Paying for it now with my foot though!
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • CathT
    • By CathT 30th May 18, 11:20 PM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    Quick update from me as it is way past my bedtime. Am exhausted at the moment so really should not be up this late! Have requested blood tests from gp as not had any for a while.

    93p Tilly today today (every hopeful that a tt will result in a month being knocked off my end date. Currently on May 2029. Had a 150 point survey on y0ugov which was great but be even better if there were more of them around!

    Foot been bothering me today but the discomfort is nowhere near the fracture so I am a bit baffled. Have a feeling my glamorous boot may have to make a reappearance.

    Have quite a few events planned in June and July so may dig or my bullet journal (I am not using it to its potential) and make a list. It is a mix of parties, wedding, piano exam and a show. Lots of lovely things to look forward to but I am at risk of double booking one of us!

    Decking almost finished after doing another coat yesterday. Just need to cut down some posts and paint the top of them and the edges and it will be complete. Just need a day off combined with good weather to enjoy it now.
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • apple muncher
    • By apple muncher 31st May 18, 7:47 AM
    • 7,474 Posts
    • 56,300 Thanks
    apple muncher
    Take care of that foot, my dear!
    NST Survive July #4; NSD 9/15; Ex 13/20 ; craft / (77); remove 29 (509)
    2018 Pay off: £2334; 2
    018 sell £49.10; WLOSW /10

    Mortgage £20,809 (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 31st May 18, 8:16 PM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    I will try Apple thank you, I am often guilty of trying to rush recoveries.

    Not much activity today, worked all day and nearly fell asleep settling ds to bed. Fingers crossed blood forms will be available at gp tomorrow.

    90p Tilly tidy although account not exactly flush. We are just at that awkward point after payday when all bills have gone out but we are waiting for another credit. I can !!!8216;borrow!!!8217; from food account if needed. I just wanted to make the most of our wages and paid £400 off holiday this month. I know we can live frugally which is why I didnt leave us much cash!

    Feel like I have lots of !!!8216;to do!!!8217; lists floating around my brain. It is a mix of work and home so I really need to get some thoughts down on paper to clear my head. I am mindful I dont want to increase my stress but feel like I am burning the candle at both ends just by working and running a home.
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • CathT
    • By CathT 1st Jun 18, 9:58 PM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    Evening all.

    Not much to report from today, no Tilly today and decided against stretching to a whole £!
    However I have had a nsd and leftovers for dinner.

    Am hoping for a very productive weekend. I was hoping to paint the fence when I got home but a storm started as I arrived home. Fingers crossed I can get it done first thing. Ds has offered to help but I am not sure how well that will go!

    Plans for this evening are drinking wine and watching b!llions.
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • CathT
    • By CathT 2nd Jun 18, 10:35 AM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    Morning. Feel like I have wasted the day as didn!!!8217;t wake up until 9:30. Am hoping the blood tests get to the route of my fatigue.

    Was hoping to do jobs in the garden but it is raining again after the storm we had late yesterday. Within the local area some places had flash flooding and places nearby didn!!!8217;t see a drop. It is still really humid today though. If it dries up I will get the fences done. Also expecting one of our builders to finish off a job on the extension that has been picked up by the planning department.

    Money saving efforts? I stewed some pears yesterday that have seen better days and ready for the bin so will have with custard or on top of porridge. Have a YOuGov survey waiting so hopefully it is not a prize draw entry.

    This morning I definitely need to use my bullet journal to make a note of all our social events over next few months and to make some childcare plans for the summer holidays. We are currently facing 5 weeks of £125 weekly costs! Am starting to wish I had saved for it throughout the year. I might be able to slightly shorten the session by tweaking the hours which would save £5 a day. Not a lot but certainly adds up when they are going for 25 days.

    Right, need to make a move as am currently thinking about tidying up when I should probably actually do something!
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • CathT
    • By CathT 2nd Jun 18, 9:31 PM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    Yes it has been a productive day!

    After my 9:30am wake up I tried to make the most of my waking hours. Dh took my car for a valet, it desperately needed doing and he also paid.

    Managed to paint the 6 fence panels, started with a sprayer and went back out to finish it off after dinner and I quickly ran out of paint and had only managed to get a second coat on 1.5 panels. Couldn!!!8217;t get the paint I wanted as there is a concert on in town so major road closures near the store I would have gone to. Went to a different one on the other side of town who don!!!8217;t stock the sprayable paint in the shade I wanted. Wasn!!!8217;t brace enough to risk putting the wrong paint in so just bought same brand and colour and finished it off with a brush. Ds helped so almost did it in half the time. He wanted us to pretend we were decorators and haggled the £1 pocket money I offered him into £3. Didn!!!8217;t need the extra paint brush I bought so £5 saved there as will return it tomorrow.

    Y0ugov survey was a super 200 point one. I don!!!8217;t tend to drink on a Saturday, dh has had !!!8216;champagne!!!8217; we brought back from holiday. One we were given and one we won, money saved there.

    Tomorrow!!!8217;s plan consists of hoping for sunshine, watching dd play her football match and tidying the garden. If I could spend some time on the new furniture reading my book and drinking a cuppa that would be perfect!
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • CathT
    • By CathT 3rd Jun 18, 8:51 AM
    • 5,618 Posts
    • 39,194 Thanks
    CathT
    Fence panels completely dry and look fab this morning. When I went to bed two still looked slightly darker!

    Still waiting for 2 different companies to confirm a date for patio work. One is £90 cheaper than the other but as it is a smallish job I don!!!8217;t think it is being prioritised.

    Am currently investigating electric stoves as decided against a log burner. Anyone had one. Think I would prefer an opti myst one. Have seen one for £400 and I could get it down to £375 with vouchers. Have money from dh ready to pay for it but he is not as keen as me on buying one. He clearly never gets cold or thinks about how lovely it would look at Christmas!

    My wonderful mum has offered to help out with summer childcare and will have the children at least twice a week. It is only 8-12 we need childcare for so seems a shame to pay a fortune for that. I really am so grateful to her. That will have saved us at least £300 and I might take the odd day that we are stuck as annual leave otherwise I am working most of the summer holidays.

    Sun is finally shining here, washing on the line and I will blitz through some other jobs once we get back from football. Have a lovely relaxing/productive Sunday everyone.
    June 2018 -
    part 1 - £77,571
    part 2 - £45,272
    Total - £122,843
    • Brodiebobs
    • By Brodiebobs 3rd Jun 18, 3:18 PM
    • 775 Posts
    • 3,304 Thanks
    Brodiebobs
    Never heard of the fires before but just had a look and they look amazing.... i think i want one for our room without the wood burner now!
    Addicted to MSE.
    Overpaying mortgage for a better debt free life!
    • Moneyfordreams
    • By Moneyfordreams 3rd Jun 18, 6:50 PM
    • 1,020 Posts
    • 4,960 Thanks
    Moneyfordreams
    they look lovely Cath. I want a wood burner , but we have moved into a low smoke zone (found during searches) coupled with new laws on smokeless fuels I was considering other Options !!!8230; I wonder if the cost of opti-myst is a lot. £2 for 2 hours? !!!8230;. for my use , 5 hours a day would be £35 per week as we are all in different times
    Mortgage restart June 2018 £119950
    zero personal cc
    6x166 for sofas ending November 2018
    £2500 on DD1s car cc
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