The Mortgage Free in Three - Take 2 challenge (MFiT-T2)

Hurdler

abouttimetoo wrote: »

lol hurdler, another Visio person on here, although must admit I try to avoid doing them these days

OMG Visio brings out my OCD in spades. I am obsessed with straight lines and could waste an entire DAY trying to get them perfect!!
In the end (for MFW) I opted for a very crude Excel house - embarrassingly bad, I say it now!!!

black_taxi_2

many say paying off mortgage early is an investment loss

but i would rather have a guarantee im mortgage free early

the stockmarket seems to be in panic correction mode---i know where id rather be

RosieTiger

black_taxi wrote: »

many say paying off mortgage early is an investment loss

but i would rather have a guarantee im mortgage free early

the stockmarket seems to be in panic correction mode---i know where id rather be

Agree with you. I once came across a so called expert who got caught with a large number of shares just before the banking crash who had been a constant preacher of the buy shares and pay mortgage over full length because it's smarter type.

Captain_Pie

diadeb wrote: »

Can you post the link please? I did a search and couldn't find it.

....

I have started ebaying a few things, but I struggle to find the timewhen it is for such a relatively small sum. I have some cashback to withdraw so that will help, but the mortgage pig sounds like it might help!

Sorry for the delay, only just got back from our holiday. I fear that the bank balance may look sorry for itself, but a decent holiday is a priority for Mrs CP.

Here's the link:

http://forum.moneysavingexpert.com/showthread.php?t=169247

Captain_Pie

Made the August payment earlier this month, which included a regular overpayment. Balance is now -£142,195.

We've got the spending from our holiday on the credit card at the moment, so will have to pay that off before any ad hoc overpayments can be made. Hopefully we'll be able to drip some extra small payments throughout August.

diadeb

wynnvegas wrote: »

I hope you've finally got that furniture diadeb!! Our collective presence will be tarred with a bad name around your house for inspiring a complete lack of productivity!!

Cheers,

Billy

Thanks Billy - I have at least managed to get a wardrobe, but still another wardrobe, chest of drawers and other bits to get! It's a start though! I have finally managed to ebay a few things so will enjoy adding them up and seeing what I can overpay.

RosieTiger

RosieTiger wrote: »

Agree with you. I once came across a so called expert who got caught with a large number of shares just before the banking crash who had been a constant preacher of the buy shares and pay mortgage over full length because it's smarter type.

And today seeing the same thing happening with the shares we have left. Glad we opted to exit a lot of ours and put the money into bricks and mortar !!!
Things looking decidedly bad on the markets at the moment.

Trying_to_be_good

I totally gave up on the markets a couple of years ago - cashed in a failing endowment and a stocks and shares ISA that had lost money, as I found it less stressful paying down the mortgage (or virtual paying down via the offset savings). My risk profile had lowered considerably, and now I'm very risk-averse.

I'm with those of you who prefer to see the amount owing going down, rather than the investments going up and down!

mortgagenomore_2

More than half way through now and ive reduced my mortgage by £11k but i am starting to feel less enthusiastic as i have now read like some others, i do keep reminding myself that i started at 33k and am now at 22ish so i am doing well but i just cant help feeling i am missing out on holidays etc, anyway i come on here and read others posts and see i am not the only one but i still do my best i make a point of overpaying weekly by at least 20 pounds sometimes a bit more if i have it, anyway good bit is i am ahead of schedule but i think its just the current situation all round people dont have so much to spend ie, fuel, food etc utility bills costing more, anyway rant over i hope im not the only one !!! thanks for listening cyber friends !!

black_taxi_2

looks like saving rates will be dire for next two years----so were all on right policy o/p our mortgages