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  • FIRST POST
    • MeandO
    • By MeandO 10th Nov 17, 11:39 AM
    • 1,398Posts
    • 6,761Thanks
    MeandO
    MeandO's mortgage-free musings
    • #1
    • 10th Nov 17, 11:39 AM
    MeandO's mortgage-free musings 10th Nov 17 at 11:39 AM
    *sneaks in from DFW board*

    Hello, I'm MeandO, I'm thirty something just and I'm a mortgage-free wannabe.

    To cut the backstory short, things kind of went like this:

    2008: Married, mortgage free.
    2011: Mini MeandO arrived.
    2013: Moved house > £60K mortgage with (now ex) husband.
    2013, later: Life went a bit pear shaped.
    2015: Single, £102K mortgage to buy ex out of house.
    2017: Moved area to a £30K cheaper house to enable me to go P/T to be around for Mini MeandO and eradicate need for childcare.

    Mortgage now: £78789.15

    So, last year I moved from a new build to an old house which needed a bit of work, mostly decorative and now 70% done. The rest will be tackled as and when (and if!) I can afford it. I went P/T at work which has increased our quality of life tenfold, but has obviously had financial implications. I also have a small business I run from home which has greatly helped to build up some savings in the past few months, but I will be closing this down soon for a variety of reasons. Hopefully one day I will be able to develop that income source again, but not right now.

    DS's Dad and I still get on well depsite being (almost) divorced and he does his fair share of parenting, so I live alone with my little boy for half the week and DS spends half the week with his Dad.
    I have a lovely man in tow now, we don't live together but are only a short walk from each other which is lovely. Hopefully one day we will 'combine households', but I don't see that happening imminently.

    My mortgage deal is fixed but expires in May 2018, so I am trying to overpay as much as possible before that date. With long term goals in mind, if I can manage to knock at least 10 years off the mortgage (currently 24 years left to run ) then I will be ecstatic.
    I'm not in the position to overpay in large chunks, apart from last year with funds from the sale of the old house, but I frequently throw pennies/pounds/chocolate buttons at the online mortgage account to reduce it by what I can. Every penny counts and all that...
    Link to my old thread for those interested:

    http://forums.moneysavingexpert.com/showthread.php?t=5650914&page=16

    Feel free to drop by for a virtual cuppa and cake, I'd pull up a chair though, I think I'll be here some time...

    M
    X
    Last edited by MeandO; 11-01-2018 at 1:42 PM.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
Page 10
    • selloptape
    • By selloptape 12th Mar 18, 9:16 PM
    • 457 Posts
    • 1,881 Thanks
    selloptape
    Fab news on the new rate x
    GC May £235.52/£290 GC April £240.65/£300March £322.53/£350
    £2 Savers Club #59 £58
    MFW 2018 #49 £600/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • MrsSave
    • By MrsSave 13th Mar 18, 5:37 AM
    • 1,524 Posts
    • 4,827 Thanks
    MrsSave
    What a lovely idea gallygirl, although I think weíre in the same part of the country but not Close iykwim. You made me smile with your description of discussions - I wonder what people think if they overhear, perhaps a difference language!
    Originally posted by MeandO
    I *think* we're different counties, but I may have completely misunderstood and we're in different countries!!

    Brilliant news on the new mortgage rate (and well done on the housework - I really need to do some today!).
    Mortgage Overpayment (May): £10.86/£20
    Accounts Skim: May - £35.92
    Finally debt free (other than the mortgage) - 05/02/18
    Check out my debt free diary 'Mrs S.....life after debt' below:
    • MeandO
    • By MeandO 13th Mar 18, 9:55 AM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    I'm by the 'Sea' MrsSave
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 13th Mar 18, 10:11 AM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    I miscalculated the mortgage by £1 - in my favour - so current balance is £ 77,276.44.

    Had a shock this morning when I got a text from the bank to say my account was 'on or over my limit' and I needed to top up to cover any payments today. I use YNAB so I know there was money in there, albeit not much. Logged on and it was fine. Turns out it was one of my e-savers I use as my house/DIY pot which I transfer money to and from the main account regularly. It's balance is at £0 as I transferred funds to cover bits bought for the house and to cover a shortfall in the main account. There's no overdraft on it and no payments come out of it, so no idea why they decided to surprise me with that all of a sudden but it wasn't appreciated!

    The plan I have for the cheap-fix for the flooring won't work afterall, and I've come to my senses and realised I'm trying to take too much on with no time (or sleep!) to do it, so I've decided to bite the bullet and instruct the builder to do the work. In total, it's going to cost me just over £500. Savings will cover it, but it does mean my savings pot will be halved, so I need to work on building that up again. I'm pleased it will all be done though, it's been in the current state for over a year now.

    I have leftovers from last night's tea with OH for lunch today and I've taken out some homemade 'hidden-veg pasta sauce' out of the freezer for DS to have with some pasta and garlic bread tonight. I'm leaning towards a prawn stir fry for my tea, I have some prawns in the freezer I can defrost and plenty of veg in the fridge.

    If I have a bit of spare time tonight I may try and list a few more bits on ebay/gumtree to bring a few extra pennies in.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 13th Mar 18, 10:49 AM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    £5 Amazon voucher ordered from surveys.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 13th Mar 18, 11:22 AM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    ...and promptly redeemed against paint for my table and other projects around the house. A couple of items I'm hoping to renovate, with the view to selling them.
    Last edited by MeandO; 13-03-2018 at 11:38 AM.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 13th Mar 18, 10:34 PM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    Feeling fed up about my lack of money to make further overpayments this month, I browsed a few frugal blogs about paying your mortgage off early. I felt quite inspired and came home and listed items on eBay/Facebook and gumtree which, if sold for the asking prices, would bring in £168. Unfortunately, there!!!8217;s not been a sniff of interest via any site yet, but I shall wait and hope. Patience is not my strong point! I may have listed a couple of the higher value items a bit too high, so may have to reduce them, but I will wait until tomorrow and see.
    I also have something else I could sell which, I have discovered, could be worth around £80-£100. Whilst I have no sentimental value to the item, I do like it and it is currently on display in my house, but I think i!!!8217;d prefer the money off the mortgage than the item in question still stuck on a wall. I!!!8217;ll have a think about that one.

    I also decluttered a bit of junk from my wardrobe earlier before picking DS up from school. A couple of items were put in the charity shop bag, and some boxes and packaging thrown out for recycling. I found 3 or 4 more items that I could eBay, so I have added them to the eBay box. I will attempt to list a few more items tomorrow evening and also declutter a bit more and see if there is anything else I can part with either to make a few ££!!!8217;s or for charity, i!!!8217;m sure I can find plenty!
    Last edited by MeandO; 13-03-2018 at 10:36 PM.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 15th Mar 18, 2:07 PM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    No sales yet and barely any interest in the items which, I have to say, I'm a bit surprised at as it's the usual child-related stuff which has sold well in the past.

    As I typed the above, one more person has just emailed me about it so hopefully that will be £15 made. Update - hopefully item has now sold, pending collection next week.

    I decided to change the high value item to an auction with postage rather than Buy it now/local collection on ebay as, although it is incredibly heavy, I've found postal quotes aren't as high as I'd feared. Hopefully it will get some interest that way and go for a good price. I do love the item, but I don't use it often and I don't need it. It gets moved out of the way around the kitchen frequently and the money will be more beneficial to me.

    I may need to transfer a bit of money out of the 'school holidays' pot at some point to cover a few more essential groceries for DS's lunchboxes next week. £10 should do it, but I also need diesel although I have £21 left (and that is all in the main account presently!) to cover that and I won't be filling the tank.
    There's only £60 in the holiday pot presently, so that will take a bit of a dent. I guess the only positive is that previously I would have resorted to using the credit card long before now...
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • gallygirl
    • By gallygirl 15th Mar 18, 2:25 PM
    • 16,589 Posts
    • 109,553 Thanks
    gallygirl
    Have you tried the parcel2go website? I use it for sending stuff to Spain when I'm in the UK, amazingly cheap (20kgs collected and delivered door to door was £30 including insurance!). Oh, and there's cashback
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • MeandO
    • By MeandO 15th Mar 18, 2:43 PM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    Thatís actually where I got the cheap quote from gallygirl, but I didnít think of checking for cashback, so thank you!
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • gallygirl
    • By gallygirl 15th Mar 18, 7:59 PM
    • 16,589 Posts
    • 109,553 Thanks
    gallygirl
    Thatís actually where I got the cheap quote from gallygirl, but I didnít think of checking for cashback, so thank you!
    Originally posted by MeandO
    Oh - it's not on quidco, was sure it was
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • MeandO
    • By MeandO 17th Mar 18, 3:27 PM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    Not to worry gallygirl, iím happy it is cheap in the first place so it can be posted. Itís obviously helped as the listing is up to £52 already.
    I also sold an item for £30 on Thursday evening. I would have liked to pay it towards the mortgage, but iíve Kept it in my purse for now as funds are so low in the bank account. Iíve used around £10 of it on some supplies presently. Iím hoping I can make the £20 last until payday on Friday.

    My paint arrived and iím mid painting my table. Coat one is done, coat two will be applied shortly. Hopefully I can the. Buy some wax and get it completed ASAP so that we can start using it and sell the current big table I have. Iím hoping to get £40-£50 for that.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 19th Mar 18, 12:21 PM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    Ebay item is up to £66 with 3 days to go.

    There's probably around £8 of the £30 left.

    I've advertised the table and there's a fair amount of interest, so it should sell for £40. I'm getting the usual troublesome buyers though - sometimes I wonder if it's worth the hassle...

    I need to pop to the bank after work today to (hopefully - if the bank let me) pay in some old £10 notes and £1 coins OH found in his house. They will then be transferred to his savings pot.

    I've ordered wax for the new (old) table and some gifts online today. Money from those will be taken from the gifts pot.

    4 days and counting until payday...
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 21st Mar 18, 6:43 AM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    The table sold for £40 and was collected yesterday - I say collected, the buyer turned up, carried the legs and bolts and let me lug the really heavy table top to their car, parked a way away from my house, by myself! Iím a bit disappointed to see it go for that as it was a good one and worth more, but it was a bit big for just the two of us. Ironically, the dining room feels a bit empty now with our little table in there and I got rid of the big one as it felt lonely just the two of us there all the time! Anyway, I have £40 in cash which I am determined to pay into the bank ASAP and pay it off the mortgage.

    DSís swimming lessons have been paid for (the ex and I pay half each), so my share was £23.50. The holiday pot has taken a beating this month and is now empty as iíve used the £60 that was in there for other things now. Good job iím Not planning any holidays...
    At least the swimming is paid for ten weeks now.

    I didnít get to the bank to pay in the Ďoldí cash the other day. Will aim to do so tomorrow, itís just finding the time before the bank closes.

    I still havenít topped the car up with diesel and itís really low. Thankfully my commute is only a few miles each way, but Iíll have to do it this week. If I can last until Friday (payday), I will be really pleased.

    Roll on Friday...
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 21st Mar 18, 2:07 PM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    Just cancelled the gift orders I made earlier this week - none have been dispatched yet and the price dropped dramatically minutes after I'd placed the last order (Amazon). I've decided to not bother to re-order - I will find something else at a later date. The money saved there has now more than covered DS's swimming lessons.

    Someone was supposed to be collecting an item I've saved for them since last week for £15. I double checked they were coming today and got a rather rude 'I'm too busy' reply, so that's £15 no longer coming in. Someone else on FB wanted it, but alarm bells were ringing with odd messages so I've blocked that one. I don't understand why people can be so difficult.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 22nd Mar 18, 12:14 PM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    The ebay item ending today is up to £90 which I'm really pleased with. The £40 is still in my purse as I've not yet had time to get to the bank and doubt I will today. I will add the profit made from the ebay sale to the £40 and split it, with half to the savings and half as a mortgage overpayment.

    It's payday tomorrow and I still haven't put diesel in the car, so it will now come out of next month's budget and I will be able to fill it up. We are going on a longer trip at the weekend so will probably use a tank to get there and back.

    YNAB has all been updated this morning too.

    Had some more bad news about my Mum last night and decided to gently introduce the truth of the situation to DS. My Mum and DS are incredibly close, despite living far away. He was sad, but OK, and quite matter of fact about everything, but I found it incredibly difficult. I just don't know what we're going to do when the awful time comes.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • MeandO
    • By MeandO 22nd Mar 18, 2:49 PM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    Ebay sale made £90. I've paid the fees from it and left just over £10 in the paypal to cover postage and transferred £75 to the bank account.

    With the little bit of money left in there, I've made a £50 OP to the mortgage and sent £50 to the emergency savings fund. Total OPs for this month £150. Next month's challenge starts tomorrow as it's payday.

    Mortgage total now: £77,226.44
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
    • greent
    • By greent 22nd Mar 18, 5:28 PM
    • 7,011 Posts
    • 71,597 Thanks
    greent
    Brilliant ebaying/ OPs!

    Sorry to hear about your mum 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) £877.49/£4000
    Net sales 2018 £491.03/£1000 PAYDOX18 (#15) £13869.38/£18694.38
    • selloptape
    • By selloptape 22nd Mar 18, 7:52 PM
    • 457 Posts
    • 1,881 Thanks
    selloptape
    Sorry to hear about your Mum x
    GC May £235.52/£290 GC April £240.65/£300March £322.53/£350
    £2 Savers Club #59 £58
    MFW 2018 #49 £600/£3,000
    MFiT T4 #21 - reduce mortgage by £20k over 3 years
    • MeandO
    • By MeandO 23rd Mar 18, 10:01 AM
    • 1,398 Posts
    • 6,761 Thanks
    MeandO
    Thank you both xx
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: J:£129.26 F:£287 M:£150 A:£157.31 M:£164.19 J:£0/£150
    Emergency Fund: £1000/£5000
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