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  • FIRST POST
    • ajmoney
    • By ajmoney 5th Aug 16, 10:50 AM
    • 4,868Posts
    • 55,619Thanks
    ajmoney
    Project Mortgage Neutral Begins
    • #1
    • 5th Aug 16, 10:50 AM
    Project Mortgage Neutral Begins 5th Aug 16 at 10:50 AM
    Hi. We have just remortgaged on our larger product and while mortgage freedom is still the ultimate goal I am working on the smaller challenge of mortgage neutral first.

    We have a smaller mortgage that we transferred when we moved 5 years ago and a larger mortgage that topped it up.

    Mortgage 1

    Total 32097.21
    Interest 2.68%
    Redemption Date Februray 2030
    This is a tracker mortgage, we are not tied into anything but the deal is so good that unless things change substantially I don't intend to change this.

    Mortgage 2

    Total 103615.51
    Interest 1.74%
    Redemption Date February 2030
    This a tracker mortgage too with the current deal ending in August 2018.

    First and foremost I want to get rid of the larger mortgage even though it has the lower interest rate as it is the biggest debt and is the one product we have that could be a struggle if we ever got stupid interest rates.

    We are due to hit mortgage neutral in July 2021. This is worked out with all our mortgage rates staying the same and not receiving any interest on our savings. I am hoping the fluctuations in these will even each other out.

    While Mr AJM is happy to reach mortgage neutral, mortgage free and therefore retire early this a solo journey with it all being my effort. We haven't changed our lifestyle at all so there are always other things we can do but this is not so important to us at the moment.

    I will add more as the next few days go by. Recently I have been guilty of ignoring my thread but I am hoping starting a new thread will get me on here a little bit more.
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
Page 11
    • ajmoney
    • By ajmoney 22nd Dec 17, 8:42 AM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    I hadn't realised it was so long since I last posted, I read everyone else's threads daily!

    I finished for Christmas 2 days ago and Mr AJM finishes today. I have one present left to sort this morning and wrap and a voucher to print off and then I am done. I feel a bit of a fraud as I left all my shopping until very late but managed to do it in 2 online shopping sittings and one morning of actual shopping.

    We are going down to my mum's tomorrow for a night and my sister and niece will be there too, the first time we have all been there together for a very long time. We then fly out to Berlin on Christmas eve for 5 nights. We have some opera and ballet tickets and plenty of things planned to keep us entertained before coming home to spend 9 days here together before I go back to work and it all starts again.

    I would be lying if I said I have managed to get everything sorted out from a stress/anxiety/panic point of view. Things improved a lot just after my last post but my support network also kicked in a lot more at work which has all helped. I need to work over the next 2 weeks to work on the "layers" at home as this is where I start to feel more anxious and see what helps. I am trying to make an effort to give myself 30 minutes a day for me, whether it is a run, walk, bath or reading a book. I am very good at devoting my time to other people but I always leave myself to last which I think is making everything worse. I am nervous about peeling the layers back to far as I am not sure exactl what they might reveal...

    Still haven't made much of a decision about a large OP to the mortgage, I might do some calculations this evening so we can discuss possible ideas while we are away.

    If I don't get back on I hope everyone has an amazing Christmas x
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • Watty1
    • By Watty1 22nd Dec 17, 11:03 PM
    • 2,992 Posts
    • 21,298 Thanks
    Watty1
    Berlin sounds fabulous. Hope you have a wonderful time
    Mortgage at start of diary Sept 2013: 132,995 Aug 2015 0
    Overpaid next mortgage. 79,491 down to 27152
    Changing focus for now
    • ajmoney
    • By ajmoney 31st Dec 17, 10:48 AM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    The end of the year...I am not ending it in a particularly good place so thought I would look at the most positive thing from the year.

    Small mortgage reduced from 31493.71 to 29461.03
    Large mortgage reduced from 99743.47 to 87107.50

    I take stock of my savings on the 1st of each month so I will come back in with those tomorrow.

    I hope everyone has a good new year, stay safe whatever you are doing x
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • ajmoney
    • By ajmoney 1st Jan 18, 11:29 AM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    The new year came and went rather quietly, woke through the night with a terrible sore throat so I am trying to keep my fluids up to help stop any inevitable illness as I have been ok for a while.

    I am quite impressed, we (I) made a lot of headway with the mortgage in 2017 and my savings have also been quite good for me as I now have 7689.21 more in my accounts than I did at this time last year.

    I have done my money shuffle. Yesterday I transferred my expired RS account into my ISA and have opened a new one this morning. The terms have changed, I can now only pay 250 a month into it instead of 500. I was making this up from my ISA last year so at least it should mean that my ISA doesn't take too much of a battering. It may mean I have more money each month to move across into my ISA. I don't have many large purchases planned for this year but am looking to buy myself a new car for my 40th (14 months time), I am happy to get a loan for this but the more I can have saved as a deposit the better.

    I am not entirely sure what my future holds. I will be moving on from my current job in September and I am not sure where they will be sending me next. I need to work out where I will be happy in case I get any say in the matter but this is easier said than done. Wherever they send me I will need to make some changes in my life as I am not partcularly happy with how things are, it will still involve peeling back layers which I have been avoiding but I can't bury my head in the sand forever.

    I don't make resolutions but I try to keep promises to myself, this year I have two.

    1. Don't let anyone tell me what I can or can't do, allow my body and mind to explore those boundaries (I started this 2 years ago but have let it slip a little recently).
    2. Make a little time everyday to do something for myself. I am good at doing things for others but not very good at looking out for myself.
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • ajmoney
    • By ajmoney 1st Jan 18, 4:40 PM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    Day 1 of taking control in my life. I have just got my ironing out of the way as it was annoying me and am about to read some of my running magazing for my time while Mr AJM is doing his ironing. Nothing ground breaking but baby steps should help.
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • Watty1
    • By Watty1 2nd Jan 18, 2:32 AM
    • 2,992 Posts
    • 21,298 Thanks
    Watty1
    Nice to see you posting. Hang in there...and yes..baby steps
    Mortgage at start of diary Sept 2013: 132,995 Aug 2015 0
    Overpaid next mortgage. 79,491 down to 27152
    Changing focus for now
    • ajmoney
    • By ajmoney 2nd Jan 18, 11:10 AM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    Day 2...

    I slept better last night than I have done in so long, still not great but it is an improvement. I woke early and came downstairs to read for an hour before life began so I have already had my me time, hoping to add some more to this later in the day.

    And in money news and making my life financially better, I had 164.14 left in my current account at the end of last month so have moved it across to my ISA. Early calculations suggest I may have a nice amount at the end of this month so should be able to do the same
    Last edited by ajmoney; 02-01-2018 at 6:02 PM.
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • ajmoney
    • By ajmoney 3rd Jan 18, 12:14 PM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    Today's me time was meant to be a 2-3 mile run with no time keeping or distance measuring device so I could just enjoy it but my body had other ideas so I did it run/walking. I was out for half an hour so it is still good but I don't have the same relaxed feeling I would have had running the whole way...I just beat the rain though

    No idea what the rest of the day has in store.
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • ajmoney
    • By ajmoney 3rd Jan 18, 4:16 PM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    I have just deleted a lot of old emails and gone through my friends list on fb and deleted anyone who I don't really know or who bring me down with their posts, the last thing might sound quite drastic but I don't need that kind of thing in my life at the moment...I am slowly trying to do the little things!

    We are due to remortgage in August, we have made such a difference to the larger mortgage total since August 2016 when we took this product out. I am still not sure where I stand with OPing a large sum so am going to continue with my current plan of 500 a month and will reassess a little closer to the summer when I can see how much of a difference it will make. I am sure it would make a bigger difference to OP now but my personal life is a little crazy so I want to keep my savings until I feel more in control.

    We are going into Edinburgh for a bit of a shopping day tomorrow, I have a lot of spare money and definitely don't intend to spend it all. This will probably be my only spendy day of the month so I will take stock after this and look at maybe moving some surplus money into my ISA once we get back.
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • Watty1
    • By Watty1 4th Jan 18, 12:08 PM
    • 2,992 Posts
    • 21,298 Thanks
    Watty1
    Good work. One thing I found helped on Facebook was to unfollow people who share things that get me down. I don't have to ditch them as friends but I don't see their posts either.
    Mortgage at start of diary Sept 2013: 132,995 Aug 2015 0
    Overpaid next mortgage. 79,491 down to 27152
    Changing focus for now
    • ajmoney
    • By ajmoney 4th Jan 18, 4:41 PM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    Good work. One thing I found helped on Facebook was to unfollow people who share things that get me down. I don't have to ditch them as friends but I don't see their posts either.
    Originally posted by Watty1
    I started doing this a while ago but was a little more ruthless yesterday.

    I have treated myself to a blouse and skirt in the sales today, still expensive but I have quite specific tastes and don't often find things I like.

    Not had any time just for me yet, might have a bath once we get home and I have eaten.

    I need to think about addressing the larger issues in my life, my current approach is fine to a point but it is only a matter of time until I have to do something. Not looking forward to this at all.
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • Watty1
    • By Watty1 4th Jan 18, 11:27 PM
    • 2,992 Posts
    • 21,298 Thanks
    Watty1
    Maybe set a target date? Or can you break it down into smaller steps?
    Mortgage at start of diary Sept 2013: 132,995 Aug 2015 0
    Overpaid next mortgage. 79,491 down to 27152
    Changing focus for now
    • ajmoney
    • By ajmoney 5th Jan 18, 3:52 PM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    Watty - I have a couple of possible target dates in my head but it is not that easy. I think I may have to seek some professional help as I am at a loss for how to proceed.

    Had my bath last night, my stress levels (I think this is what they are but they may be panic or anxiety related) were incredibly high and it was the only thing to relax my shoulders and calm my breathing.

    Started today with an hour of reading my book before Mr AJM woke up so five days into the new year and I have managed to keep to my promise so far. I intend to go for a short walk later although I may have company so it won't really count.

    I have had an email from our energy company letting me know what tariff they can put us on when our current one ends next month so I need to have a look at it and see if it is the best offer.
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • Goldiegirl
    • By Goldiegirl 5th Jan 18, 4:34 PM
    • 8,330 Posts
    • 48,886 Thanks
    Goldiegirl
    Hi AJ, one of the things I hope to do this year is try and overcome my anxieties. For a time, last year, it was really bogging me down, and even small setbacks were setting me off down a panicky route. I got to the point where I felt I was wasting so much of my life being anxious, at a time when I should be carefree. it's not easy, but I feel I have been better over the last few months. A bit of 'me' time does
    seem to help - for me it's walking, I find it relaxing and calming.

    Hope you are able to move forward in a way that works for you
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
    • ajmoney
    • By ajmoney 5th Jan 18, 8:33 PM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    Goldiegirl - thanks for your reply.

    I had a weird episode in July which prompted my doctor to do a lot of tests to check whether there was anything physically wrong with my body, all the tests came back showing I am very healthy and I am just waiting for a neurologist appointment at the hospital to rule anything else out which I need to chase up when I get back to work on Monday. I think it is time for me to go back and chat to him about stress/anxiety/panic which I had made a brief suggestion about then. I think I know some of the things I can do to reduce how I have been feeling but they will be complete changes to my life and the way I live it which I need to factor into every day living. I have some good friends at work who don't know me away from there who I am hoping to sound ideas off over the next couple of weeks.

    I haven't been for a walk and now it is dark don't really want to go out. Instead I am going to look up relaxation techniques on the internet and see what I can take from them to help me.
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • Watty1
    • By Watty1 6th Jan 18, 10:13 AM
    • 2,992 Posts
    • 21,298 Thanks
    Watty1
    AJ I don't know if your area has anything like this, but our NHS area has a self referral scheme for people suffering from depression and anxiety. I used it last year and had some sessions of CBT that were free and it was actually very helpful.
    (I also have a friend who works for MIND and they offer some good options too)
    Last edited by Watty1; 06-01-2018 at 10:16 AM.
    Mortgage at start of diary Sept 2013: 132,995 Aug 2015 0
    Overpaid next mortgage. 79,491 down to 27152
    Changing focus for now
    • ajmoney
    • By ajmoney 6th Jan 18, 11:10 AM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    All my medical stuff is done through work so I have to go through the doctors for referrals for mental health stuff, I also have another 2 groups of people I can talk to without having to go through the doctors. I found a questionnaire online yesterday that came back saying I wan't depressed or anxious...
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • ajmoney
    • By ajmoney 7th Jan 18, 11:04 PM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    I didn't succeed in doing anything for myself yesterday as life took over visiting people. I kind of haven't today either but took the decision to drive back to work tonight rather than tomorrow, I have already unpacked and am organised and will have 4 hours in the morning to get things straight with my rehearsal space as no one is expecting to see me until the afternoon so it will be very relaxed and should leave me with plenty of me time
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • ajmoney
    • By ajmoney 8th Jan 18, 4:49 PM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    I didn't sleep so well last night, however coming back over last night was a very good decision as it was very icy this morning. I also managed to spend 2 and a half hours in my rehearsal room getting loads sorted before doing quite a lot this afternoon. I left the office before 4 and should have time to read a bit of my book before dinner and tonight's rehearsal so day 1 back at work has gone quite well.
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
    • ajmoney
    • By ajmoney 12th Jan 18, 11:11 AM
    • 4,868 Posts
    • 55,619 Thanks
    ajmoney
    A few days since I posted.

    I have managed to make time for myself each day, Tuesday I went to the gym, Wednesday I left work early...because I could and yesterday I had a bath ane read my book when I got home. Today has been all about me, I went back to bed after Mr AJM went to work to read some of my book, been window shopping and currently having a cuppa in town.

    I have a 5k run in Edinburgh tomorrow that I am quite underprepared for so going to go for a walk to loosen my legs this afternoon.

    All bills have now gone from my account this month and I have a nice cushion left there, unsure whether to transfer some across to my ISA now or wait and do it all at the end of the month.
    2018 MFW No. 70 3588.14/6000
    MFiT-T4 No. 70 28278.70/29544
    Mortgage 109890.26 Savings 91799.38
    Total left to pay/save 18090.88
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