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
    • 2,103Posts
    • 12,506Thanks
    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 27
    • greent
    • By greent 11th Sep 18, 12:14 PM
    • 7,533 Posts
    • 76,532 Thanks
    greent
    Amsterdam sounds like a fab break - except for the part DD was ill xx
    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) £7127.06/£7500
    Net sales 2018 £724.53/£1000 PAYDOX18 (#15) Done £18918.90
    • Courgette
    • By Courgette 11th Sep 18, 3:06 PM
    • 1,754 Posts
    • 18,569 Thanks
    Courgette
    Oh MW! You're my role model! All that family fun, career on track and your mortgage is getting tiny!

    When you get chance can you remind me about the house swapping. I'd completely discounted it (strangers in my home??? No way!!!) but actually leaving the house empty for 2 weeks didn't feel great either so I'm much more open to it, DH is too

    Glad to hear you've got some extra money coming in for DS2. That's a relief for you xx
    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%
    • XSpender
    • By XSpender 14th Sep 18, 9:56 PM
    • 3,133 Posts
    • 32,173 Thanks
    XSpender
    Hello I've been reading your diary from the beginning this week and picked up some good tips. Lemon drizzle banana cake is now on my list of new things to do with dodgy bananas
    CC 1 £2000 CC2 £12,465.53 Furniture £1629 Carpets £1103.36 (23 months left) - Total at 16/11/18 £17,197.83 all at 0%

    Small EF 100% Big EF 0% Holiday 0% Garden 0% Carpets SIF Fund £87.82
    • jodles16
    • By jodles16 15th Sep 18, 3:21 PM
    • 1,369 Posts
    • 4,156 Thanks
    jodles16
    Have just caught up with your diary, holidays all sound amazing, pleased that your DS is getting some support via DLA. It makes sense if it allows you to more comfortably work three days a week!


    Very impressed by all your finacial planning, amazing!


    Jodles
    MFW2017 #29 1200.24/4524
    MFiT #66
    Overall aim 10,124.20/21,743 (£156,000)
    2016- Jan-£177,472, Apr-£173,195.04, July- £171,417.47 Oct- 169,366
    2017- Jan- 167,347.80 Apr- July- Oct-

    • museumworker
    • By museumworker 1st Oct 18, 8:47 PM
    • 2,103 Posts
    • 12,506 Thanks
    museumworker
    I came on to confess how I haven't even been thinking about money this month, and found all these lovely comments. Thank you! Although I definitely feel like a fraud now Will reply to you all in a mo.

    I've just put September's current account spends into YNAB but as both our cards for this account stopped working I'm afraid there's still quite some more work to do! The most horrific thing is clothing, £160(!) as needed three pairs of kids shoes, 5 pairs of school trousers for DS as ones order in July are too long, and a major charity shopping spree for clothes for me. I had been feeling terribly guilty about this but over the weekend I swapped out my summer clothes and sorted out the rest of the wardrobe and there is probably only one £2 item I've bought this year that might end up back at the charity shop. My wardrobe is now full, but not busting, and I'm really enjoying having a fun selection of clothes that fit me to choose from. In a strange way I feel like I'm gaining my personality back, I feel more me than I have done in years. Having done Project333 in the past it feels quite uncomfortable to have 70+ items of clothing, but I've realised that I don't need to feel guilty, I just need to enjoy (and hold back on any more purchases for a while). I have a casual winter coat (£8.75) but may need a more work appropriate wool one, that's the only gap I can spot in my wardrobe at present.

    Spotted a £50 Beetee charge instead of usual £15, after 1.5hrs on the phone to 4 different departments it turns out I accidentally had a double discount applied to my account for the last year or so, and I'm getting a £10 rebate as a good Will gesture for the hassle of all the calls. I've also been offered a £23 monthly cost for 18 months which I'm going to make my mind up about this evening and call back tomorrow. At least it's better than £50pm! That's why I love YNAB, without it there is no way I would scrutinise my outgoings.

    We've got enough money in the holiday budget for an extra jaunt (apart from our Normandy Oct break!) so have just finalised a swap to Belgium for New Year!
    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 Oct 18, 8:56 PM
    • 2,103 Posts
    • 12,506 Thanks
    museumworker
    Amsterdam sounds great and it sounds like you found a good balance between saving on lunches etc and enjoying being away.

    Great news about DLA!
    Originally posted by themadvix
    It was such a great holiday thanks, I think we did get the right balance between Lidl packed lunches and a couple of expensive meals out.

    Amsterdam sounds like a fab break - except for the part DD was ill xx
    Originally posted by greent
    Thanks greent, it was just one of those things that couldn't be helped but at least she got a couple of outings and was happy and comfortable in the place we were staying.

    Oh MW! You're my role model! All that family fun, career on track and your mortgage is getting tiny!

    When you get chance can you remind me about the house swapping. I'd completely discounted it (strangers in my home??? No way!!!) but actually leaving the house empty for 2 weeks didn't feel great either so I'm much more open to it, DH is too

    Glad to hear you've got some extra money coming in for DS2. That's a relief for you xx
    Originally posted by Courgette
    I'm laughing quite hard at the idea of being anyone's role model! This weekend we had to abandon a short family walk due to illness, and replace a £70 shoe cabinet DS broke during an anger spell! Apart from that we didn't manage much more than swimming lessons . But I am under the weather (that seems to be the only time I have to come on here!)

    Houseswapping is brilliant, message me on FB and we can discuss further. We've honestly saved thousands, and it opens up so many possibilities, you get to feel like you're living somewhere rather than just visiting, plus we swap with people with lots of toys for our kids so it's easy to chill out at their home too. We're just in discussions for our 10th exchange, if you can believe that!

    The extra money is a huge relief, we didn't think twice about replacing the shoe cupboard for example . The glamour of parenting a neurodiverse child .
    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 Oct 18, 9:00 PM
    • 2,103 Posts
    • 12,506 Thanks
    museumworker
    Hello I've been reading your diary from the beginning this week and picked up some good tips. Lemon drizzle banana cake is now on my list of new things to do with dodgy bananas
    Originally posted by XSpender
    Glad you've found some useful gems amongst my utter drivel , and let me know how you get on with the banana drizzle.

    Have just caught up with your diary, holidays all sound amazing, pleased that your DS is getting some support via DLA. It makes sense if it allows you to more comfortably work three days a week!


    Very impressed by all your finacial planning, amazing!


    Jodles
    Originally posted by jodles16
    Hi Jodles, lovely to see you here and thanks for reading my diary. I'm good at the financial planning but then seem to only stick to it for half the month so I'm hoping to address this tendency, but with kindness and compassion rather than self flagellation which is my usual trick and just makes me contrite for a bit, then do it again!
    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 7th Oct 18, 9:18 AM
    • 2,103 Posts
    • 12,506 Thanks
    museumworker
    Just sorted home insurance. 45 minutes online and have saved £220 on my renewal quote .

    Hoping to have a little family outing today as an early birthday treat for me. OH took me out for dinner last night which was lovely.

    Just finalising our Easter swap, yay! We've also agreed we can use their car for free so only costs are currently £400 in flights, for 8 days.

    Accidentally bought a cordless vac from L!dl yesterday, £90 . I'm following the Organsied Mum Method and trying to hoover a little and often during the week. Having a bulky hoover makes this harder. I love it, I did my stairs in 10 mins yesterday and it got loads of fluff out! It only lasts 20 mins but will be great for just keeping on top of the worst of it. And it's the same price as two weeks of a cleaner was !

    This week's ta dahh list:
    * Order DD1 bday present
    * Buy small things for DD1 to unwrap on bday
    * bake brownies x 2 (for my bday and DD1)
    * publish one blog post
    * sort back room for DBro staying
    * meet travel blogger
    * cycle bike home for family ride next weekend
    * possibly extra work day
    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
    • newgirly
    • By newgirly 7th Oct 18, 11:16 AM
    • 6,512 Posts
    • 45,333 Thanks
    newgirly
    Happy birthday!
    MFW 21

    £77,580
    • museumworker
    • By museumworker 12th Oct 18, 3:14 PM
    • 2,103 Posts
    • 12,506 Thanks
    museumworker
    Happy birthday!
    Originally posted by newgirly

    Thank you! We had a lovely afternoon out at a sculpture park, all very low key and somewhere we've wanted to go for a while. They encouraged us to pick their apples so we came back with dozens of them for packed lunches!

    Amazing and unexpected news - DD1 has qualified for a full scholarship for her Saturday school. This is almost £200 a month so will make a huge difference to us financially. I had promised her a trip of a lifetime before she leaves for uni so this means I can start saving for it now. We'll done DD1!
    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 12th Oct 18, 7:07 PM
    • 7,533 Posts
    • 76,532 Thanks
    greent
    Belated birthday greetings! And huge well done to DD
    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) £7127.06/£7500
    Net sales 2018 £724.53/£1000 PAYDOX18 (#15) Done £18918.90
    • EagerLearner
    • By EagerLearner 14th Oct 18, 6:23 PM
    • 4,947 Posts
    • 7,882 Thanks
    EagerLearner
    Hi museumworker - well done to your DD! You must be so proud.

    I am impressed with your early planning re Easter. Hubby changed jobs earlier in the year and I am not sure if he will still be in the same job come Easter, nice idea to start planning though. I want a big celebration of our wedding anniversary next Aug, 15 years, so that's reminded me to think about that too (I'm thinking camping in rustic Italy or house swapping, what site do you use for that?).

    Just updated my diary, I need to write more about generic stuff maybe, perhaps people are bored of just the money saving things which I am kinda obsessed about at the mo due to hubby low income...
    MFW #185
    Mortgage slowly being offset! £88,199.56 /63,156.28 virtual balance
    Original mortgage free date 2037/ Now Nov 2034 and counting
    YNAB lover
    • museumworker
    • By museumworker 16th Nov 18, 9:09 AM
    • 2,103 Posts
    • 12,506 Thanks
    museumworker
    Hi museumworker - well done to your DD! You must be so proud.

    I am impressed with your early planning re Easter. Hubby changed jobs earlier in the year and I am not sure if he will still be in the same job come Easter, nice idea to start planning though. I want a big celebration of our wedding anniversary next Aug, 15 years, so that's reminded me to think about that too (I'm thinking camping in rustic Italy or house swapping, what site do you use for that?).

    Just updated my diary, I need to write more about generic stuff maybe, perhaps people are bored of just the money saving things which I am kinda obsessed about at the mo due to hubby low income...
    Originally posted by EagerLearner
    Thanks EagerLearner, I'm very proud of her for putting so much effort in and making so much progress.

    It's kind of easy to be organised with house swapping as we have people contact us so far in advance. Even if we don't want to agree to that exchange, it prompts us to think about what we do want and organise it. We've now booked the flights for Easter too, £300 return for 4 of us including booked seats and a couple of bags, which I thought was good going.

    I will DM you regarding house swap site.

    I think the forum is a lot quieter than a few years ago, but maybe that's because I don't spend enough time on here!
    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 16th Nov 18, 9:37 AM
    • 2,103 Posts
    • 12,506 Thanks
    museumworker
    An update from me.
    * We're so far behind with YNAB I need to turn over a new leaf We have money sitting in our bank account but I have no idea what it's for, know it's allocated to things though so can't spend it!
    * just delivered a project at work this week, took a lot of energy and some extra hours to get it done but am pleased with the end result.
    * am using the organised mum method still and the house is looking pretty good. I don't think we need a cleaner, which was £156 a month
    * need to take DS out of school for a week beginning of December for medical treatment at home! Hoping it will help resolve a long standing issue
    * have spent £60 this week on revision workbooks for DD1 and a few hours drawing up a revision timetable together. She was totally despondent and stressed last week so at least she is now motivated and happy. Cheaper than a tutor, I keep telling myself!
    * booked Eur0tunnel to Belgium for our post Christmas break and saved £45 using Mr T vouchers
    * claimed £4.50 back from Sh0pmium for coffee capsules
    * noticed leak in loft and got loft company back to fix it. A slipped tile, easily sorted and done for free under 10 year warranty.
    * boiler serviced, great job and fully disassembled for cleaning, £85.
    * Christmas is feeling under control, half way with kids presents and have some good ideas for the rest. Remind me of this when I start panicking next month!
    * bought thermals for kids so they won't get cold at the Christmas markets in Belgium. The thermal socks will be added to their stockings. Used some money in our Payp@l from the sale of our cot, so £35 off. We are considering a holiday to Lapland next winter so they will get used then as well, plus it could be cold in Denmark at Easter.
    * just bought SAD lamp, with two discounts and a voucher I won last year. Cost £27 for a £130 lamp . I suffer terribly in winter, I did have one a few years ago but lost charger . After 5 years it's safe to say the charger is not going to turn up now!
    * Pleased with £20 haircut yesterday, including tip.
    * taking DS to Manchester this weekend, used Family railcard
    * picked up some more 25p clothes for kids, washed and put away in 'big bag'. I have been buying more clothes for myself tho .

    Ta dahh list today:
    * book discounted ticket for attraction on the weekend
    * find proof eligible for carer ticket
    * pack!! (light)
    * 2 x washloads
    * download something to watch with DS on journey
    * message friend for address
    * order PJs for my Xmas box
    * call BT
    * sort our bedroom
    * collect DS
    * travel
    * pick up housewarming gift
    Last edited by museumworker; 16-11-2018 at 2:03 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
    • the cross rabbit
    • By the cross rabbit 16th Nov 18, 1:41 PM
    • 223 Posts
    • 1,303 Thanks
    the cross rabbit
    Hi museum worker, I've suffered for years with the winter blues I think they call it. I was backwards and forwards to the doctors spanning a number of years and given various reasons why by feb I was depressed. Two years ago I was diagnosed as been vitamin D deficient. I take vitamin D tablets from October to April every year and I have notice a improvement in my moods. please ignore if you have already thought of this or have a medical reason for your lamp. My cousin has a lamp and swears by it.
    CRx
    Mortgage £82,000, due to end July 2036. 4/11/18 Mortgage £79,872.13
    • museumworker
    • By museumworker 16th Nov 18, 2:07 PM
    • 2,103 Posts
    • 12,506 Thanks
    museumworker
    Hi museum worker, I've suffered for years with the winter blues I think they call it. I was backwards and forwards to the doctors spanning a number of years and given various reasons why by feb I was depressed. Two years ago I was diagnosed as been vitamin D deficient. I take vitamin D tablets from October to April every year and I have notice a improvement in my moods. please ignore if you have already thought of this or have a medical reason for your lamp. My cousin has a lamp and swears by it.
    CRx
    Originally posted by the cross rabbit
    Hi the cross rabbit, and thanks for the post. I take the recommended dose of Vit D in a multivitamin, but from when my daughter was diagnosed with a Vitamin D deficiency I recall a higher dose is required for those who are deficient.
    I am considering a visit to a nutritionist, so maybe they can check my Vitamin D levels? Something to think about.
    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
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

4,628Posts Today

6,430Users online

Martin's Twitter