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  • FIRST POST
    • MeandO
    • By MeandO 10th Nov 17, 11:39 AM
    • 1,394Posts
    • 6,753Thanks
    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: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
Page 11
    • MeandO
    • By MeandO 23rd Mar 18, 10:22 AM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    Finally, it's payday, but I'm feeling less than chipper.
    With all my planned savings pot refills and covering all the bills, I'm £43.48 underfunded for the month. This isn't all on essentials as I've include my regular mortgage OP in it, but I'm determined not to let that slip. I'm sure I'll make it up, but it's just so frustrating constantly living on 'the line' of affordability.

    I've also re-instated my pension payments from next month too. I had to put them on hold when I applied for a mortgage alone to buy the ex out a few years ago, but I really can't leave it much longer. I'm not sure how much that will be a month, but it will be a chunk less money coming in. It does correspond with the increase in tax credit payments I'll be receiving, so I'm hoping one will cancel the other out - at least. It would be nice if there's a bit more money spare each month, but I'm not optimisitc.

    I've worked out that it's nearly a 5 week month until the next payday, so I have to really be careful with my money this month.
    I have two weekends of long drives ahead of me too this month, so the diesel budget has had to be increased greatly.

    Hopefully I've sorted a sale of an item for £15 via a gumtree buyer - the item I was previously messed around about. They have said they want the item and will collect next week, but I never count my chickens with local sales anymore until people actually turn up and I have the money in my hand. So many people just don't bother to turn up.

    I have around £45 in my purse - the money from sales which I've yet to pay into the bank. However, I'm hoping to cover spends for this coming weekend with this now. OH and I are taking the children for a planned trip - the tickets, accommodation and breakfast are paid for, but I need to factor in picnic food to buy tonight for a packed lunch tomorrow to save costs and the same on the way home on Sunday. I'll be taking a bottle of squash and flasks for us to make drinks up too.
    The expensive thing will be dinner tomorrow night (limited choice, all overpriced most likely ), but OH has said he will pay for that and put some diesel in the car. No doubt DS will like a bit of spending money too. We shall count his money box tonight and then I can top it up by £10-£15 if needed.

    Happy Friday everyone xx
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
    • kirtsypoos
    • By kirtsypoos 23rd Mar 18, 11:18 AM
    • 3,423 Posts
    • 14,975 Thanks
    kirtsypoos
    I'm terrible for reading and running at the moment MeandO - I am thinking of you and sorry to hear the news about your mum. Once DS is a little older I'll try and get back to actually posting regularly. Have a lovely weekend xx
    PAID VERY, Barclaycard x3, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Original Debt: £0/31010.23 (100% paid)
    Mortgage - £158.500.00 (2017/2018 O/P £3491.79) PAYDBX 17 - £18,442.82
    PAYDBX 18 #006 £3850.92/£4000
    • MeandO
    • By MeandO 23rd Mar 18, 12:35 PM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    Thank you Kirstypoos and, oh my, congratulations on the arrival of a little blue bundle! Enjoy every second, they really do grow so fast.

    xx
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
    • MrsSave
    • By MrsSave 25th Mar 18, 8:56 AM
    • 1,512 Posts
    • 4,821 Thanks
    MrsSave
    Sorry to hear about your mum. We had a pretty large scare with my mum recently, thankfully she got through it, but it makes you see how fragile things are.

    You're doing well on your sales. I had twigged it is a 5 week month in April too - just to make life more difficult. I find every penny that comes in is accounted for straight away, and there's never a penny left over!

    I hope you enjoyed your trip this weekend! It's nice to have a little break sometimes.
    Mortgage Overpayment (May): £1.14/£20
    Finally debt free (other than the mortgage) - 05/02/18
    Check out my debt free diary 'Mrs S.....life after debt' below:
    • Moneyfordreams
    • By Moneyfordreams 26th Mar 18, 7:41 PM
    • 948 Posts
    • 4,669 Thanks
    Moneyfordreams
    just catching up after a while away, well done for pushing forward.. I'm a bit older than you but feel the friend thing is a biggy. my friend circle has reduced a lot over the years, and I feel i catch up with people less than quarterly. my work has always been chaotic, now my attention is . another MFW is currently commenting on the same

    When we move to our new place ( 30min walk away feels like emigrating) I hope to join the gym and make a effort to cultivate new friendships. i'd only phone my sister too ..
    MORTGAGE FREE (but homeless) hopefully not homelessfor long
    • MeandO
    • By MeandO 28th Mar 18, 12:29 PM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    Thanks for your posts all, hope the move goes well moneyfordreams and hope your Mum is now ok MrsSave.

    I'm doing ok on the money front so far this month and am keeping spends to a minimum. I am currently on a mission to stretch out the groceries that we have in the house rather than go and buy anymore as DS and I are away for a few days over the holidays and DS is also away with his Dad for a little while. I haven't actually spent any money on groceries since buying stuff for our weekend away (and that was paid for with the £45 in cash that I had in my purse), so my grocery budget is still untouched. Good thing, as I have lowered it a little bit this month to cover the shortfall elsewhere.

    I made a small sale of £5 this week. Was supposed to be £8, but the guy came to the door with two £5 notes and I had no change, so just let it go for a fiver to save the hassle. I've used the £5 and rounded it up to make a small OP of £6.44 to tidy the mortgage balance up.
    The new mortgage rate should kick in on 1st April, so looking forward to seeing the lower interest on my account.

    The £15 item I'd sold AGAIN turned out to be someone not local who never intended to collect, but wanted me to post, despite the listing saying collection only. I still have it, will try again to sell it sometime.

    Our weekend away was relatively cheap (for me!). We took picnic food for lunch the first day and snacks; OH paid for our evening meal and filled the car up with diesel for the return journey and our breakfast was included with the stay. I topped up DS's spending money by around £11.50 and bought a drink for £1.50 which DS and I shared as we were really thirsty but I'd left his drink in the car on one occasion, so only spent around £13.

    It was my birthday in the last week, and I've kindly been given some gift vouchers to spend which will come in handy. A couple of them can save me money off a grocery shop and one is for 'home' things so I can pick up some bits I would like/need to replace in the house from that shop.

    I'd like to get the bathroom painted over easter, thankfully, I already have the paint so will not involve and further spends. I also need to take a black bag full of stuff I have to the charity shop, including a few of the items that I've previously tried to sell which haven't shifted and free up the space in the spare room.

    Not much else to report, hope everyone has a lovely easter weekend xx
    Last edited by MeandO; 29-03-2018 at 9:31 AM.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
    • MeandO
    • By MeandO 29th Mar 18, 9:31 AM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    We popped to Asda to pick up a few essentials and a couple of YS bargains after DS's swimming lesson last night - £8odd spent, but I used the giftcard I'd received, so cost me nought and there's just under £2 left on it.

    DS is with his Dad tonight so I'm going to work a bit later at work to make up some time and then have a leisurely browse around the 'home' shop which I was very kindly given a voucher for. I need a wipe clean table cloth to protect my new table and some table mats, so hopefully I'll find some nice ones there.
    Last edited by MeandO; 29-03-2018 at 9:36 AM.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
    • MrsSave
    • By MrsSave 29th Mar 18, 10:07 PM
    • 1,512 Posts
    • 4,821 Thanks
    MrsSave
    If you are where I think you are that Asda brings back bad memories!! Is the car park pay and display? We shopped there when's ds1 was very little, and had no idea it was pay and display. We completely missed all signs, and ended up with a parking ticket - a pretty expensive Asda shop that day

    I hope you found what you were looking for with your shopping after work!!
    Mortgage Overpayment (May): £1.14/£20
    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 4th Apr 18, 5:11 PM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    No pay and display thankfully MrsS, thankfully my local one is free parking, I definitely wouldnít go there otherwise, iím too tight! !!!128518;
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
    • MeandO
    • By MeandO 4th Apr 18, 6:19 PM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    Just a quick note to record that the mortgage is now under £77k and into the £76kís - by 1p !!!128518;!!!128521;
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
    • Honeysucklelou2
    • By Honeysucklelou2 4th Apr 18, 11:57 PM
    • 829 Posts
    • 3,317 Thanks
    Honeysucklelou2
    Well done! The overpayments in your signature look impressive too.
    paydbx #93 £692/£8,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3123 in Jan 18
    • MeandO
    • By MeandO 6th Apr 18, 11:57 AM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    Thank you HSL.

    I was very lucky to receive some belated birthday money this past week, so I paid £100 into the bank account this morning. £50 has been transferred to the savings and £50 has been paid off the mortgage. That brings the total mortgage ops this month to £117.46
    Now that my new mortgage deal has kicked in i!!!8217;ve upped the regular automatic overpayment to £51.27 monthly which rounds the mortgage payment up to £400 again, so, from next month I will be setting my target to overpay by £150 a month instead of the current £100 as over £50 is done so automatically anyway.

    DS and I have been staying with my family for the last 5 days. It has been so nice to be with them, but so distressing to see my Mum in so much pain and struggling with everything and my Dad so distressed about the situation. Life is particularly hard at the moment.

    OH is now quite poorly too, so i!!!8217;m really worried about him as well.

    Last week we were very kindly given a huge amount of hand me downs for DS from family members - all very !!!8216;cool!!!8217; character clothes, so DS was very happy with his new stash! I shouldn!!!8217;t need to buy t-shirts, hoodies, jeans, pyjamas, shorts, or dressing gowns and onesies for some time! My parents and my sister had also bought some school polo shirts, trousers and t shirts or DS in bigger sizes too and my parents have given me £40 to pay for the next !!!8216;big purchase!!!8217; DS needs such as shoes or a coat etc., so I will save that for when it is needed. We were also sent home with lots of groceries and household bits, they are just so kind to us, I don!!!8217;t know what i!!!8217;d do without them.

    This morning we picked up two parcels from the sorting centre - one was some spices and cooking mixes i!!!8217;d ordered with a 20% off code, the other was a parcel from a lovely friend with belated birthday gifts for DS and I. She is so kind and I feel bad as I have not been in touch with her much this past year due to life getting in the way. I must write and thank her this week.
    We picked up some bits in home bargains that we had run out of - softener, toilet cleaner, kitchen roll and cereal for DS, total spend of under £8, paid for in cash.

    I also finally paid in the old money for OH which has added to his pot by £49. He has £322.15 in it now.

    Off to pack for DS now as he!!!8217;s going away with his Dad for a few days. I!!!8217;m really going to miss him but plan to overhaul this house a bit this weekend by decluttering, doing a bit of DIY and tidying up.
    Last edited by MeandO; 06-04-2018 at 10:06 PM.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
    • MeandO
    • By MeandO 7th Apr 18, 6:19 PM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    I was really down yesterday and not in a good place, but today, thankfully, has been better.
    I was up early as I didnít sleep well, but I started sorting out cupboards and compiling stuff for the charity shop and now have 4 bin bags full to take tomorrow. I sorted through all the clothes that DS was given and put them away, putting some aside for him to have at his Dadís house. I have filled a box of his too small clothes to go on eBay and advertised 3 items on gumtree and FB sites.
    Iíve washed and labelled the new school uniform and done two more loads of washing as well.

    I found a tin of white satin woodwork paint, so have touched up the staircase and bannisters as the chips had been bothering me, and I then gave the bathroom skirting boards a coat of white to freshen them up before painting the walls and before the new flooring is laid soon.
    I have moved a few bits of furniture around into different rooms to make them work better for us and have cleared some clutter that was in the conservatory into the shed. I need to pick up a cheap bedside table/cabinet for the spare bedroom as iíve now used the Ikea storage bench that was in there to the conservatory to store DSís outside toys in. I need to get everything out of the shed as it seems I have mice !!!128001; and the shed is damp and horrible anyway. I say shed, itís more like an old large outhouse. Itís horrible, but it seems itís going to prove costly to knock down and remove.

    Iím now sat in my newly decluttered conservatory with a coffee, feeling quite pleased with what iíve achieved today.

    Iíve had several people interested in a £20 item already, so hopefully that will go this weekend.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
    • greent
    • By greent 8th Apr 18, 7:22 AM
    • 7,008 Posts
    • 71,550 Thanks
    greent
    WoW! You were super busy yesterday!

    Hope you get some people buying your items
    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) £877.49/£4000
    Net sales 2018 £491.03/£1000 PAYDOX18 (#15) £13869.38/£18694.38
    • Eager_Elephant
    • By Eager_Elephant 8th Apr 18, 8:32 AM
    • 4,352 Posts
    • 24,679 Thanks
    Eager_Elephant
    Glad to see you perked up yesterday, hopefully today will be more of the same.
    I think you cope admirably with everything that you have going on.

    You did so much yesterday, I love moving furniture round and having a clear out - I think some things can only be done when kids (and pets) are out of the way like painting. Why when you paint no where near where they have to go do they still end up with a splodge of paint on them???
    Ninja Saving Turtle No. 34 for April
    NSD - 0/15
    (up to 2/4/18)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • MeandO
    • By MeandO 9th Apr 18, 10:53 AM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    Nice to 'see' you greent and Eager_Elephant - I'm definitely not brave enough to paint with DS around so it always gets done when he's somewhere else - I get in enough mess myself!

    Yesterday was mostly spent trying to cheer OH up as he is really down at the moment and I'm so worried about him. We did manage to get to a supermarket to get my much-needed grocery shop done at a cost of £35.46, but this included £6.50 for a big box of baby wipes (on offer), so I'm really pleased with that amount.
    I also picked up some light bulbs and mouse/rat bait in wilkos, using a £6 voucher I had from doing some surveys a while ago.

    The £20 item has sold, pending collection today, no interest on the other items currently.

    I didn't manage to take the bags to the charity shop, but will try and do so this week.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
    • MeandO
    • By MeandO 10th Apr 18, 9:18 AM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    Sold item was collected last night and £20 received. I've paid it off the mortgage this morning, so OPs up to £137.46 so far this month. I will be really pleased if I can get it up to £150 before next payday.

    No interest on any of my other items selling locally so I will put them in my ebay pile and try them on there when I get round to it.

    The boot of the car is full of bags for the charity shop to drop off after work today, so that's a bit more 'stuff' cleared from the house and off to a good cause.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
    • greent
    • By greent 10th Apr 18, 10:46 AM
    • 7,008 Posts
    • 71,550 Thanks
    greent
    Oooh - less than £15 to make your target this month - and still 2/3 of the month left

    We've had a successful clearing out start to the month here, too - loving the results
    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
    • MeandO
    • By MeandO 10th Apr 18, 11:45 AM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    It's lovely when there's a bit less clutter about isn't it Greent. I don't cope too well with having lots of 'stuff' filling the house - tidy house, tidy mind and all that.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
    • MeandO
    • By MeandO 11th Apr 18, 10:53 AM
    • 1,394 Posts
    • 6,753 Thanks
    MeandO
    £2.47 CB on the way to my account from TCB, I WILL be spending it all at once - as a teeny tiny mortgage OP.
    Mortgage Feb 2015: £102,000 Mortgage now: £76,535
    2018 OP's: Jan:£129.26 Feb:£287 Mar:£150 Apr:£157.31 May:£164.19
    Emergency Fund: £850/£5000
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