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  • FIRST POST
    • CathT
    • By CathT 2nd Sep 10, 11:22 AM
    • 5,812Posts
    • 40,674Thanks
    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.
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
Page 239
    • CathT
    • By CathT 9th Oct 18, 6:43 AM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    We are in the pre payday lull. Not a lot left in main account but food account looking healthy. I say a lull but it's 2 full weeks until payday! Clicks done on tcb (turns out it's 2 a week not 2 a day!) if tcb starts paying out soon at least I'll be able to Tilly tidy!

    House feeling much colder but resisting the temptation of the heating. Main rooms are warm but I really noticed how cold it was in the hall when I took the children to bed last night. Guess we don't sit in the hall though! Lit the big ring on the job this morning to take chill off the kitchen (must have picked this tip up from my childhood where we didn't have central heating or double glazing!)
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • CathT
    • By CathT 9th Oct 18, 6:46 AM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    Thanks newgirly, I sometimes take on too much. I've steppped down from another year of uni (mainly due to funding issues) but also think it would have created a lot of stress. I can become more knowledgable in my overall practice instead of writing 15,000 words on a topic instead! I'm so used to studying I almost expect it of myself. I did a degree 2001-2004, my chosen career degree 2006-2010 then my post grad a few years ago.

    Think I'll enjoy the freedom of not being thrown back into formal study!
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • PurpleFairy26
    • By PurpleFairy26 9th Oct 18, 8:29 AM
    • 2,447 Posts
    • 16,614 Thanks
    PurpleFairy26
    https://thehappyfoodie.co.uk/recipes/clementine-almond-and-olive-oil-cake

    Cath, I made the above last night and thought of you, as I think, if you use GF baking powder this recipe would be GF. And yummy

    Bet you can't wait to put the next 330 on the mortgage to get in to the next 10s bracket.
    • CathT
    • By CathT 9th Oct 18, 10:25 PM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    That looks good, thank you purple fairy.

    Busy day today, full day at work then went straight to the gym and did 40 minutes of leg weights. Increased weights again on walking lunges and deadlifts so am definitely getting stronger.
    Gym bag repacked ready for another session after work tomorrow. I'm trying to go when dh is at activities with the children so it's not impacting on family time. Then at the weekends, I take them with me and we also have a swim. Not long hit my 15k steps so going to sit and read for a bit before bed.

    I still feel life could me more simplified, just not quite sure how we achieve this. I don't watch tv really when I'm on my own anymore and used to waste so much time doing that. I think it's this point of the evening I need to me mindful of having quality time doing something I enjoy.

    Talking of enjoyment, my long awaited plans for Friday aren't happening due to the storm that is forecast so off to work I go!

    Financial news? Put ds remaining birthday money in his bank account. After his initial excitement of counting it on his birthday he appears to have forgotten about it so it's in his account earning 3% interest! Small food shop of 12.65 so need to update totals. Had the most delicious GF meal from m*s earlier. Tasty but definitely not worth the 4 cost, glad I hadn't paid for it! Starting to miss simple meals such as a snack on toast.

    Hump day tomorrow and lovely weather forecast so shall enjoy it whilst it lasts!
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • CathT
    • By CathT 10th Oct 18, 9:25 PM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    Quick check in as have brought myself to bed after a draining day. Didn't make it to the gym as was so busy in work this afternoon I was just exhausted afterwards. Got home to a delivery of a bespoke item I ordered and i was really disappointed with it. Lots of time and energy spent dealing with that.

    However, tomorrow is a new day and one day closer to payday!!


    October spends
    Supermarket 50.33
    Fuel 30
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • CathT
    • By CathT 11th Oct 18, 9:22 PM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    Today has been rather more balanced. Managed to get up early so was productive before work. Managed to source a cheap lunch despite not having much prepped (had gluten free bread lurking in the freezer thankfully). I find if we don't have a batch of soup done I struggle for lunches as it's my 'go to'. Either that or a GF roll which we had also run out of. Bulk bought some protein powder online so have taken that from food budget and included it in supermarket spends as I sometimes have a protein shake for breakfast so it counts as a meal.

    35 points on y0ugov, nothing to Tilly tidy as we are about to go overdrawn. We have had unexpected expenses of a 160 birthday party and 40 towards a school trip to pay for. Fingers crossed some excess in the food/fuel account will help reduce the amount as we count down to payday!


    October spends
    Supermarket 110
    Fuel 58
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • CathT
    • By CathT 13th Oct 18, 7:53 AM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    Morning. It's pouring here and my little adventure scheduled for yesterday has been postponed until next weekend. Crossed fingers for no weather warnings!

    Actually set my alarm for a Saturday which is unheard of as I'm planning to go to the gym, smash a double workout as probably won't get there tomorrow. I also want to be back for dh to take dd to her football match (hoping it's cancelled but no decision made yet) and I don't want ds standing in the damp even though he doesn't seem to mind!

    We are now in our overdraft, not drastically and some careful food spending this week should offset that a little. Dh did a big (for us) food shop yesterday, 58 in @ldi but that included party food for tomorrow and two birthday cakes.

    Have investigated why we are feeling the pinch this month and have worked out our unexpected spends to be.....

    Gym enrolment and first month
    56
    Piano tuning 50
    Birthday party 160
    School trip 40
    Christmas event 105
    Chalkboard 50
    Total ~~~~~~~ 461!!

    Maybe we can forgive ourselves for being less that 100 overdrawn!

    Have hung ourchalkboard in the Kitchen and after a command strip disaster braved the mails and hammer. I bent a couple of screws but who'll notice! Have some nice chalk pens due to be delivered so will hold off using it until then as our jumbo chalks aren't brilliant. Will save those for outdoor play or craft.

    Im so pleased we finally have one, with that and our fake log burner we are creating our very own Center p@rcs!

    Have a youg0v survey waiting which I'll tackle later.

    Today I need to

    Smash 2 workouts at gym
    Do 15k+++ steps (soooo close to goal now!!)
    Find walking boots and trousers
    Tidy breakfast bar
    Buy milk
    Arrange new mortgage deal
    Plan October savings/OP's/spends

    Have a great Saturday everyone, off to get ready for the gym.
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • CathT
    • By CathT 13th Oct 18, 7:54 AM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    October spends

    Food 167.93
    Fuel 58
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • mortgage_girl
    • By mortgage_girl 13th Oct 18, 7:58 PM
    • 856 Posts
    • 3,955 Thanks
    mortgage_girl
    Just stopping by to say 'hello' as I've not been on the boards for months! I love the idea of simplifying life and I've been trying to do the same too, there's a lot to be said for simple pleasures and time gleaned from not watching tv.



    MGx
    2018: 19410.25 / 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 mortgage neutral

    • CathT
    • By CathT 14th Oct 18, 11:08 PM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    Good to see you here MG, thanks for popping in. I've been across to your diary for a catch up.

    Well it's been a fairly productive weekend. Managed to go to the gym twice, lost 1.4lb this week and think we (dh and I) have finally worked out how to use bodyfat callipers correctly.

    Sorted out some clothes this weekend and have packed away summer hats and glasses and thrown away out of date suncream. That has freed up a shelf in a cupboard in the utility room. Shame you can't move for washing in there! Found my walking boots and trousers and have put them safely to one side ready for next weekend. Have also packed away some summer clothes to free up much needed wardrobe space. Just need to buy some more coat hangers and I should be more organised.

    Batch cooked some red lentil pasta for lunches, peanut butter granola bars for snacks and enjoyed a roast beef dinner today. Being GF meant I also didn't have any of the cakes on offer today.

    Did a couple of supermarket shops spending 22.45 so need to add that to my total.

    Apart from ringing FD to arrange a callback to secure new mortgage rate there is no other MFW news, there are however only 9 (almost 8) days until payday.
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • CathT
    • By CathT 16th Oct 18, 10:23 PM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    The month end lull continues! Don't even have any money to Tilly tidy. The food/fuel account however should remain in credit until payday. Few bits and pieces needed which dh will pick up tomorrow.

    Going to have to really motivate myself to fit in gym workouts this week as both weekend days are out. Off out on a Saturday and Sunday will be recovering so there's 2 workouts gone already, will aim to go straight from work tomorrow

    Had some gluten earlier (first time in just over a week) in the form of cherry pie (my favourite!) but am starting with a headache which is really frustrating. Bed is calling so hopefully I can sleep it off.

    On a more positive note, had a wonderful parents evening for dd, it's good to know she's enjoying school so much.

    Plan for the remaining days until payday are: as many NSD's as possible, careful meal planning and as much relaxation as possible.

    October spends

    Supermarket 194.33
    Fuel 58
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • CathT
    • By CathT 20th Oct 18, 9:21 AM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    Just popping in before I go to the gym. My plans for a bucket list event have once again been scuppered by the weather! However, the mountain isn't going anywhere so will just rearrange.

    On track for another 1 lb fat loss this week - hurrah! Will know true average tomorrow.

    Have opened a new bank account through a switch offer which has netted a friend and myself 100 each. Was really easy to do and just had to nip into branch with passport which again was easy as there was staff everywhere and it was dealt with immediately. I would definitely recommend it.

    Haven't checked the accounts as you can't really Tilly tidy when you're overdrawn! Payday for both of us next week though, we both get a payrise too so will have a bit extra in the budget. Will see what the figures say later.

    Also need to mow the lawns today so will tackle that at some point this afternoon. Can you tell it's one of my least favourite jobs!
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • Moneyfordreams
    • By Moneyfordreams 20th Oct 18, 10:47 AM
    • 1,156 Posts
    • 5,724 Thanks
    Moneyfordreams
    I have been on mse for a couple of weeks, lovely to see its been positive for you. ( shh to OD )
    Mortgage restart June 2018 119950
    December 2018 cc 5500, 5350, 3000
    Mortgage 115000
    1700 on DD1s car cc
    • CathT
    • By CathT 20th Oct 18, 6:03 PM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    Thanks MFD, roll on Tuesday to get out of it. Just been one of those months!

    Smashed the gym this morning, increasing my weights each time and it seems to be paying off. I'm hungry today though so think I'll review data tomorrow.

    Mowed lawns front and back after gym. Dh has cut the front hedge but it's so time consuming I'm starting to think it would be better getting someone to do it. Upstairs has been hoovered, washing line dried and paperwork delcuttered. All in all it's been a productive day. All enjoyed a roast chicken dinner and going to settle down to watch a film together. I do love family weekends.

    October spends
    Supermarket 207.6
    Fuel 118.16
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • chumpy45
    • By chumpy45 22nd Oct 18, 4:08 PM
    • 361 Posts
    • 1,605 Thanks
    chumpy45
    You are doing so well with the gym. I wish I could get motivated to do some more exercise. I have trying to lose a stone since I had DS4 and he's now 15 ! Sounds like you had a lovely weekend.
    Starting Mortgage 01.08.08 171,209.24. Mortgage as at 01.09.15 - 54,780.04; 01.11.15 49,577.04;01.03.16 45,799.32; 01.08.16 42,418.93; 01.10.16 40,119.5 01.02.17 36,584.00; 01.04.17 34,694.71 09.06.17 32,828.89 MFW Target date Sept 2017; :) 06.08.18 24,769.47 01.11.18 23,825.00 New Target Date Sept 2020
    • CathT
    • By CathT 22nd Oct 18, 9:42 PM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    Thanks Chumpy, I'm really enjoying it and starting to see results. Weekend was great, gym both mornings, dh did football and birthday party duty both days. Ds came to the gym with me and made some friends so that's going to be our regular Saturday morning thing. Ds and I went for a lovely walk yesterday collecting autumn leaves and got a bit crafty when we got home. It was really lovely to spend simple quality time together.

    New mortgage deal secured yesterday so will drop from 2.99% to 2.05% in April. Had a few of 490 to pay but have covered that with this months wages. The next 5 years will be a great opportunity to get that mortgage balance down. At some point part 1 will 'overtake' part 2 which will be a major milestone:

    Small food shop today. Will probably need a similar one before the end of the month but spends are looking very reasonable. Dh has made bacon and lentil soup which should keep me in lunches most of the week.

    Right, time for a herbal tea and a chapter or two of my book.


    October spends

    Supermarket 255.95
    Fuel 148.19
    Total 404.14/500
    Last edited by CathT; 29-10-2018 at 9:19 PM.
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • CathT
    • By CathT 24th Oct 18, 10:09 PM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    Well it's been a busy few days. Payday has been and relevant transfers made. Sent our usual 300 overpayment with an extra 30p from tcb payout. Also sent an extra 2 today which was interest in the t3sco account (still haven't spent the money gifted to us by my mum).

    Have done some calculations now that the new mortgage deal has been secured. Our current end date is October 2028, dh will be 52 and I will be 46 so pretty good ages. However I really want to keep knocking the months off, problem is, they're not reducing easily now! Paying 30 a month more than we do now takes us to July 2028 so think I need to get more creative!

    Had to find some determination to go to the gym after work today which I did find and I had a brilliant workout! I'm no longer in the 'dieting' stage and am eating more now to build muscle which is suiting me. Just need to make sure I go to the gym regularly as planned!

    Dd was being referred to the orthodontist and we've had a letter today to say she's on the waiting list which is 18 months. Should work out well time wise as she's only 10 so be an ideal age for braces when she reaches the top of the list. Am just relieved she qualifies for nhs treatment as private treatment would have been quite costly.

    Have also been thinking today I probably need to start some Christmas shopping! Have never been so late starting (this seems to be a recurring statement but I am getting later each year!)
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • CathT
    • By CathT 26th Oct 18, 7:29 AM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    Happy Friday!

    Just looked at my previous post as I have just sent another 30p Tilly tidy to mortgage as it has landed from tcb. Well, the account needed tidying anyway! Waiting until dh gets paid next week to decide what else to overpay/save/use for credit card. I read something recently which resonated with me and we are in a cycle of overpaying all our spare cash with very little being diverted to savings. Then we end up spending on the credit card.

    I'm also trying to be mindful of what will benefit us long term compared with short term reward. I have 250 (spare) that I could either use towards Christmas, pay off holiday or overpay. My first thought was to overpay but that could potentially leave us short over the coming months and would maybe knock 2 weeks off the mortgage end date? I know some people follow the rule of 3 - spend/save/overpay.

    I then come full circle in my thinking from the thought that mortgage free at 46 would still be wonderful with flashbacks from the NR mortgage proframmme recently which leaves me terrified to have a mortgage at all!!

    Anyway, efforts this week include eating batch cooked soup all week for lunch. It's red lentil and bacon so not expensive to make and pretty filling. I've also had batch cooked casserole with leftover veg for dinner last couple of evenings. Nothing prepped for tonight so hopefully come home from work to something!

    Half term for us next week do hoping to keep that inexpensive yet fun and memorable. Hopefully if it's dry we'll go out to places we have membership for and just take a picnic. Other ideas include movie afternoons and maybe some creativity. Ds has created his version of a storyboard for a play on the chalkboard so might get them to write and act out a play! I remember doing that at a friends when I was younger and it was filmed on the old video cameras. We had a great time and I obviously still remember it well.
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
    • pinkypig
    • By pinkypig 26th Oct 18, 9:02 AM
    • 1,505 Posts
    • 11,569 Thanks
    pinkypig
    Happy nearly half term Cath! Your gym efforts are amazing
    MFW 2018 #157 Target 15,000

    23,095.71/15,000
    • CathT
    • By CathT 27th Oct 18, 10:51 PM
    • 5,812 Posts
    • 40,674 Thanks
    CathT
    Thanks PP, am enjoying weights especially now lifting heavier. I don't do cardio (just hit my daily steps) so don't have to spend hours at the gym.

    Today has been an attenpt at being productive and crossing off a few jobs.

    Between us we've had a few sainsburys transactions to make the most of their bonus points weekend. These points will be used for their Christmas double up event.

    Made a start on my Christmas shopping today (bought one small present) so hopefully keep the momentum going. Just need to children to make some realistic lists as I've no idea what to get and I don't think they actually want much!

    Gym this morning to smash an upper body workout. Managed to sort out a log in issue to new bank account (can't log in until next week). Uploaded a document needed for new ISA, am then hoping I can switch that account too.

    Bought myself a lovely lantern and candle (battery operated) today but it has a really lovely effect and has the perfect spot in the lounge. Was able to support a small business by doing so.

    Watched a couple of episodes of the haunting of h1ll house this evening, have heard so many good things about it!

    Am prepared for an earlier start tomorrow with the clocks going back, the children no longer wake crazy early but am expecting tomorrow's wake up to start with a 6!

    Any money shuffling on hold until dh can access his online payslip next week. However I was able to fill in another brick on out house as mortgage balance part 1 dropped just below 75k.

    We've 10 years left on that mortgage, 120 months - how many can I knock off?
    Dec 2018 -
    part 1 - 73,558 part 2 - 44,554
    Total - 118,112 111 months to go!
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