Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • museumworker
    • By museumworker 15th Jul 17, 10:22 PM
    • 2,094Posts
    • 12,255Thanks
    museumworker
    The mindful MFW: A healthy, happy journey to a mortgage free life!
    • #1
    • 15th Jul 17, 10:22 PM
    The mindful MFW: A healthy, happy journey to a mortgage free life! 15th Jul 17 at 10:22 PM
    Hi all! Some of you may know me from my last two diaries (museumworkers quest to consign the mortgage to history and Making the Future Happen). A lot DID happen during my last diary, mostly things that threw me off the MFW course, including an unexpected (but much loved) third child and a new full time job! These are both changes for the better, but adjusting to even less time with even more responsibilities unfortunately took its toll on my health and wellbeing as well as our finances.

    Anyway, I now feel like I've turned a corner - my health is improving, I'm settled at work, we have local childcare arranged (no more commuting with a toddler and buggy come September!) and we are starting to tackle the mortgage again. Rather selfishly I would like a new diary to mark this new phase as I feel a bit like my old one is, well, if not stained then a bit dog-eared. And who doesn't like the feel of a crisp new diary, all shiny, new and full of hope!

    This time my journey to mortgage freedom has to be healthy and happy. I can't let myself get ill again, the whole family suffers. The mindfulness part is more aspiration than reality at the moment! However I've gained so much benefit from the mindfulness work that I have done that I really want to make it an integral part of my life. And I really want to enjoy my time with the kids, aged (nearly) 3, 5 and 14, and nurture my relationship with the very neglected OH. We love to travel and have days out, though usually there's a discount voucher and a packed lunch to hand if you look closely enough! Of course there will be challenges along the way, but if I can build personal resilience and keep a positive outlook I'll be much better placed to deal with them.

    I would love it if you read and posted along - words of encouragement, suggestions, comments, questions, observations, witticisms, light ribbing - and the occasional reprimand if I start being self-negligent!

    Some facts that always help at the start of a diary:
    Mortgage balance at start of MF journey, March 2011: £190,000
    Current balance July 2017: £95,979.89
    Mortgage rate: 2.39% fixed at Feb 2016 for 5 years.

    OPs in 2017 to date: £9,249.16
    Total OPs 2011-16: £45k

    LTV when house purchased 2008: 83%
    Estimated Current LTV: 15%
    Old mortgage rate: 5.09%
    Old mortgage monthly payment: £1,200
    Current mortgage monthly payment: £623.15

    Original end date at renewal: February 2036
    Current end date with no further OPs: October 2033 [guestimate, will check next time I call]
    Target: April 2022 = £1,200 pm OP / £14,400 pa OP
    Stretch target: September 2021 = £1,400 pm OP / £16,800 pa OP
    Super stretch target: April 2021 = £1,600 pm OP / £19,200 pa OP

    Just realised that means am possibly talking only 4 years or so until we're mortgage free ! Wow, that feels so unreal - but incredibly motivating!!

    Lots more to say, but right now we're off to bed. Thanks for reading!
    Last edited by museumworker; 19-07-2017 at 1:07 PM.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
Page 24
    • newgirly
    • By newgirly 11th Apr 18, 2:21 PM
    • 6,409 Posts
    • 44,349 Thanks
    newgirly
    Good luck for mot day, it's always nerve wracking!
    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
    • museumworker
    • By museumworker 12th Apr 18, 9:49 AM
    • 2,094 Posts
    • 12,255 Thanks
    museumworker
    Thanks all, the car is being looked at today so I have everything crossed. We can make a very good OP if it sails through, our first for a year!


    Today's enough list:
    * pick new blog template
    * send mum birthday card
    * passport photos for DS


    Get ahead:
    * washloads x3
    * put laundry away
    * empty OH bag and put all bags away
    Originally posted by museumworker
    DS currently playing lego so I get a few minutes to myself, we might be meeting a friend later today, just waiting to hear. Otherwise am considering a visit to use our museum membership, which we will do late afternoon to avoid the queues .

    OH has booked DD2 into nursery for tomorrow, its an extra £50 but having both on my own is really stressful. Both can and do go into meltdown frequently, and only one pair of hands is not enough!

    Today's enough list:
    * call mum to wish happy birthday
    * pick new blog template Done, ended up choosing the first one I originally liked, after spending hours since thinking about the benefits of all the others .
    * confirm would like to attend DD1 event tomorrow

    Get ahead:
    * pick up another passport form as mucked one up already!
    * last 3 washloads
    * put laundry away
    * pay for self-hosting Done, my blog should be up in new format and self-hosted in next couple of days .
    Last edited by museumworker; 12-04-2018 at 7:49 PM.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • museumworker
    • By museumworker 12th Apr 18, 7:21 PM
    • 2,094 Posts
    • 12,255 Thanks
    museumworker
    Good news... car passed MOT!
    Bad news... it needed work to front and back brake pads, so including service, MOT the total was £600 !

    Having checked what we spent on holiday (£590), we now have £2,500 to overpay the mortgage . Will make that call as soon as kids in bed .

    Eta: nope, forgot about the car tax! So will be £2,400 OP, and need to call the blinking house account bank as they wouldn't allow the transfer online
    Last edited by museumworker; 12-04-2018 at 7:50 PM.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • themadvix
    • By themadvix 13th Apr 18, 11:35 AM
    • 1,858 Posts
    • 10,726 Thanks
    themadvix
    Even with the reductions, that's still a very impressive OP!
    OPs 2018 = £2090
    Moving savings = £2557
    OPs 2017 = £3103
    Starting balance 2012: £132000; balance Jul 2018: £91,552
    MFW2018 no. 38
    • greent
    • By greent 15th Apr 18, 11:35 AM
    • 7,242 Posts
    • 73,578 Thanks
    greent
    That's a brilliant OP! x
    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) £3290.25/£4000
    Net sales 2018 £614.82/£1000 PAYDOX18 (#15) Done £18918.90
    • Courgette
    • By Courgette 16th Apr 18, 1:16 PM
    • 1,732 Posts
    • 18,352 Thanks
    Courgette
    Great work, mw!

    What's the balance on your mortgage now? Can't see it in your sig
    A reminder to myself: Persistence Pays Off
    Mortgage 1: £95,000 £78,900 at 3.1%
    Mortgage 2 (BTL): £83, 489.15 at 2.99% (I.O.)
    Savings (S&S ISA): £3000 Plus 6 months emergency savings earning 3%
    • museumworker
    • By museumworker 26th Apr 18, 3:43 PM
    • 2,094 Posts
    • 12,255 Thanks
    museumworker
    Thanks all - I'm making the payment tomorrow now as the phone transfer was just too much of a faff. Will update signature then!

    I'm coming on to admit to a spendy fortnight. I have now lost all the weight I put on, and have been able to dig out all the clothes that I couldn't fit into. I've put a number of things in the charity bag, then bought the following to get my spring summer wardrobe ready:
    * gold brogues in Clarks sale
    * cropped leggings to go with tunic dress I already own (Mr A)
    * a tank top from JL (All saints, bloody beautiful and so soft!)
    * 2 more heat gen tops for next winter, half price
    * new camisoles from Primarni to replace the ones I've had since my last pregnancy!
    * skinny jeans (don't fit second hand ones from Jan any more)
    * dungarees
    * second hand t0pshop mannish blazer

    Last two I bought today with the 20% student discount in T0pshop. It has all mounted up though to £180 ! Part of me feels very guilty and the other part of me realises that I've bought reduced, and to fill identified gaps in my wardrobe. I'm also seeing it as part of my self-care, I now have a wardrobe of things which fit, are in good condition, and I feel good about myself when I put them on. I definitely have enough to see me through summer, although my favourite navy tshirt has stains which might not come out, so may need to replace it.

    I've also had to do a bit of targeted shopping for the kids, DD2 grew from age 2-3 clothing in Nov to now age 4 and even 5!! I had quite a lot of things second hand for this age so have bagged up all the too small stuff, and bought a few cropped leggings so the shorter dresses can be tunics.

    DD1 is now the proud owner of four less teeth !

    We also spent £150 at the garden centre. We will be growing strawberries, courgettes, sunflowers and tomatoes with the kids this year, got our front window boxes done for the summer and added 5 more plants to our border.

    Now about to clean and tidy house, it'll be my workout and hopefully keep the need for a cleaner at bay!

    To do this weekend:
    * update YNAB mostly done, just need to link credit card AGAIN
    * confirm Cardiff house swap confirmed, just need to do the admin around it
    * 5 3 washloads
    * museum trip SUN
    * charity run SAT moved to next week
    * take shoes to cobblers SAT ditto
    * publish 1x blogpost ditto
    * plant seeds with kids SAT done, and really enjoyable
    * confirm school place DD2
    * sign exchange contract for Oct half term changes needed
    * friends bday evening in SAT
    * buy gift / card for friend SAT
    * collect package SAT

    * contact holiday childcare carried over
    * pay DS party carried over
    Last edited by museumworker; 30-04-2018 at 7:41 PM.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • Courgette
    • By Courgette 26th Apr 18, 10:47 PM
    • 1,732 Posts
    • 18,352 Thanks
    Courgette
    £180 on clothes isn't anything to worry about especially if it includes shoes. Clarks shoes last for ages so good investment. Love the sound of the garden!
    A reminder to myself: Persistence Pays Off
    Mortgage 1: £95,000 £78,900 at 3.1%
    Mortgage 2 (BTL): £83, 489.15 at 2.99% (I.O.)
    Savings (S&S ISA): £3000 Plus 6 months emergency savings earning 3%
    • museumworker
    • By museumworker 27th Apr 18, 10:45 AM
    • 2,094 Posts
    • 12,255 Thanks
    museumworker
    £180 on clothes isn't anything to worry about especially if it includes shoes. Clarks shoes last for ages so good investment. Love the sound of the garden!
    Originally posted by Courgette
    Thanks Courgette, I do get a few years out of them generally and I realise cheap shoes are a false economy! I suppose having done a £100 clothing challenge for a few years that is my dream clothing budget, but realistically for a family of 5, and given my changing weight, that isn't doable right now. The two youngest shoes alone cost about £250 a year . I do try and buy as much clothing second hand as I can find, but as they get older it's harder as less survives as kids are in it longer. Otherwise I buy from Hennes or Primarni, so hardly extravagant. It just all adds up so quickly! YNAB tells me we've spent £750 on clothing since Jan alone , so if we can slow down that would be great. £1200 for the whole year for all 5 of us would be good, and hopefully less next year. I do have new uniform to buy for 2x kids this September though .

    Mortgage OP made, new mortgage balance now £89,167.20
    Into the 8x,xxx at last!

    I've brought current account up to date in YNAB, just need to sync the credit card.

    Garden is very exciting, since we did the work on it two years ago we are enjoying it so much more. It is like having a whole new room in the summer and the kids love pottering in it. Shame about the rain today .

    Doing v little with DD2 today, I think we're both exhausted. Too much telly so better get us dressed, maybe a library trip after we've collected DS1 will assuage the guilt!
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • museumworker
    • By museumworker 27th Apr 18, 10:35 PM
    • 2,094 Posts
    • 12,255 Thanks
    museumworker
    Went to our local outdoor playgroup in between the downpours. £2 and some good advice on holiday childcare for DS which we will follow up this weekend. Had an impromptu play date after school pick up which ended with DD2 lying on the wet street with no shoes or coat on .

    I realise I am really undermining myself here, I come on to berate myself about buying new clothes whilst I'm about to pay £2,400 off the mortgage!

    OH and I had an interesting revelation last night - if we continue to pay into his pension as agressively as we have been this last year, potentially in 15 or so years he will be at the maximum pension pot limit ! Ideally in 15 years when the youngest is at uni we could let our home and geoarbitrage to somewhere much cheaper in the world / travel for a while. When his pension is ready a few years later, we can take the tax free lump sum to buy somewhere cheap and quiet, have a decent pension, and rental income from our home too. We are doing quite a lot right, and I need to remember that.

    I forgot to mention we found a trashed but beautiful mid century teak chest of drawers in the street the other day. I convinced OH to get out of bed and carry it home in his pjs ! We are planning to remove the varnish and either restain, or as last resort, paint. I had just been thinking the day before how we needed a chest of drawers for DD2 later this summer when we do her room, had thought we would have to get some for £100 from Ikea but these have much more personality and are FREE!
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • museumworker
    • By museumworker 1st May 18, 9:09 PM
    • 2,094 Posts
    • 12,255 Thanks
    museumworker
    Woohoo, just secured a bed for DS room for £3.50, saving nearly £280!

    Our bedroom revamps WILL be done as cost effectively as possible.

    Next search: a desk for £10-15.
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • greent
    • By greent 2nd May 18, 12:41 PM
    • 7,242 Posts
    • 73,578 Thanks
    greent
    Woohoo, just secured a bed for DS room for £3.50, saving nearly £280!

    Our bedroom revamps WILL be done as cost effectively as possible.

    Next search: a desk for £10-15.
    Originally posted by museumworker

    Blimey! Totally bargainacious!
    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) £3290.25/£4000
    Net sales 2018 £614.82/£1000 PAYDOX18 (#15) Done £18918.90
    • shangaijimmy
    • By shangaijimmy 2nd May 18, 8:29 PM
    • 2,776 Posts
    • 13,826 Thanks
    shangaijimmy
    Very muchly a bargain. How???
    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
    • museumworker
    • By museumworker 2nd May 18, 9:17 PM
    • 2,094 Posts
    • 12,255 Thanks
    museumworker
    Very muchly a bargain. How???
    Originally posted by shangaijimmy
    Thanks both! It's second hand, badly photographed and described, and needs dismantling as well as collecting. It's only 10 mins down the road so shouldn't take too long, the potential saving is worth the purchase! Hoping his existing mattress will fit it too .
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • themadvix
    • By themadvix 3rd May 18, 1:28 PM
    • 1,858 Posts
    • 10,726 Thanks
    themadvix
    Surely you're massively overbudgeting for that desk? More like £2 if a bed is £3.50 and a chest of drawers free Where's the challenge!
    OPs 2018 = £2090
    Moving savings = £2557
    OPs 2017 = £3103
    Starting balance 2012: £132000; balance Jul 2018: £91,552
    MFW2018 no. 38
    • museumworker
    • By museumworker 3rd May 18, 3:04 PM
    • 2,094 Posts
    • 12,255 Thanks
    museumworker
    Surely you're massively overbudgeting for that desk? More like £2 if a bed is £3.50 and a chest of drawers free Where's the challenge!
    Originally posted by themadvix
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 3rd May 18, 3:53 PM
    • 1,587 Posts
    • 7,823 Thanks
    wishingthemortgaheaway
    Surely you're massively overbudgeting for that desk? More like £2 if a bed is £3.50 and a chest of drawers free Where's the challenge!
    Originally posted by themadvix
    I really did 'lol' at that. Brilliant.
    The 100 payment countdown (each payment = £400) 2018 Starts at 13/100 o/s £34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 £1600ish/£2,500
    • museumworker
    • By museumworker 3rd May 18, 6:54 PM
    • 2,094 Posts
    • 12,255 Thanks
    museumworker
    Just went to pick up *another* set of passport renewal forms as stuffed up the first set. So glad I did as although the first post office I went to didn't stock them, it offered to check the applications FOR FREE! That will save £19.50 on the two applications !
    Mortgage 16/03/2011: £190K 01/01/2017: £107,729.65 01/07/2017: £95,979.89
    OPs 2011-2016 = £45K 2017 OPs = £9250.20
    • blocpartyfan
    • By blocpartyfan 3rd May 18, 9:26 PM
    • 52 Posts
    • 237 Thanks
    blocpartyfan
    Just went to pick up *another* set of passport renewal forms as stuffed up the first set. So glad I did as although the first post office I went to didn't stock them, it offered to check the applications FOR FREE! That will save £19.50 on the two applications !
    Originally posted by museumworker
    what a bonus, well done! great to benefit unexpectedly for poor service standards
    Mortgage when started: £200,999
    Current mortgage (2nd Jan 2018): £135,000
    Mortgage free day planned for: 25th June 2025 (day before my 40th birthday!)
    • CathT
    • By CathT 4th May 18, 7:14 AM
    • 5,672 Posts
    • 39,566 Thanks
    CathT
    That is a great saving on passport forms. Now what else can you get for free?

    Love your retirement travel plans too.

    I did chuckle at the comment vix made!
    August 2018 -
    part 1 - £76,136
    part 2 - £45,033
    Total - £121,170
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

675Posts Today

6,762Users online

Martin's Twitter
  • Ta ta... for now. This August, as I try and do every few yrs, I'm lucky enough to be taking a sabbatical. No work,? https://t.co/Xx4R3eLhFG

  • RT @lethalbrignull: @MartinSLewis I've been sitting here for a good while trying to decide my answer to this, feeling grateful for living i?

  • Early days but currently it's exactly 50 50 in liberality v democracy, with younger people more liberal, older more? https://t.co/YwJr4izuIj

  • Follow Martin