the boredom factor

originator

hi All can any of you tell me how to get over the tedium of working in not one but 2 dead end jobs just to clear my mortgage? this is what is has come too and I am fed up,not noticed any other grumpy overpayers on here,maybe it's just me:p

pawlala

you could try and enter into random conversation with your co-workers about being "retired at this rate" before you pay off your mortgage, see if any of them start talking about overpaying, I bet they don't even know it exists :P

bexster1975

I sympathise OP. Maybe working out how much interest you are paying on your mortgage per day/month/year will keep you motivated. I know the interest on my mortgage is £195 per month:eek:

That is enough to keep me doing my job for the next 5 years and overpaying. The alternative is for me not to overpay and do my job for the next 30 years:eek::eek:

When I look at it like that, most of the things I want to buy/have seem less important.

Keep going, you will get there. Pawlala is right, you are amongst the enlightened few (just as the banks want it) but more and more people are catching on whilst interest rates are low.

bexster:)

originalmiscellany

Just think of how much sooner you will be debt free. One thing I have done is a % of the mortage less to pay and to see it tick down makes a great feeling. As other people have said here once we're mortgage free, we'll change our lifestyle accordingly

originator

many thanks to each of you for the replies,am now off to sit on me butt in mr S for the next 8 hours re-motivated lol

Secret_Saving_Squirrel

It can be very boring - but you just have to think of free entertainment.... stuff you can do for nothing can be just as much fun. And I am not being rude... Think museums, parks, friends, bonfires, football games, long walks, chucking stones in the river, home made beer parties, monopoly, fancy dress parties, and ........... the list is endless. And a much wider scope when the mortgage is finally paid off, along with the satisfaction of stuffing the greedy banks.

Squirrel

black_taxi_2

when your debt/mortgage free you will feel rich

eg. £1000 a month committments will become £1000 a month savings--or downsize to 1 p/t job

its like a 2k swing

i decided to take on challenge 13 months ago

finance getting better every month

my debt/loan part £370 a month clears this july---so my debt/mortgage free snowball will increase by £370 a month towards mortgage

also in past ive always taken a loan to go on holiday---this year for first time i havent

you do hit dark moments--i cant see light end of tunnel---4/7/10 years away----but in future past you will look back and say--i did it

this is a life changing financial moment/your own financial mount everest

one day you will reach the summit--i promise you

adwat

Try one of the mortgage calculator spreadsheets from the sticky at the top of the forum. These can motivate as they break your payments down by month showing how much you've cleared off the capital, interest paid and amount remaining.

Courgette

originator wrote: »

hi All can any of you tell me how to get over the tedium of working in not one but 2 dead end jobs just to clear my mortgage? this is what is has come too and I am fed up,not noticed any other grumpy overpayers on here,maybe it's just me:p

I've been thinking about this since I first saw your post.

The way I keep things interesting is by changing tactics. For example some months I'll colour in squares on my virtual house, other months I'll try to be really frugal by doing something like a grocery challenge or listing loads of books on Amazon or focusing on gas/electric use or on surveys. I also find coming on here keeps me on track too and I love reading about someone making a 25p OP, makes me giggle!

Well done on working two dead-end jobs. Just think, once the mortgage is clear you'll never have to work a dead-end job again! I wonder if getting a different dead-end job would work for you, if any are available. A change is as good as a rest and all that

Good luck!

Marine_life

My motgage interest is £50 per DAY.
If I don't overpay, I will pay off the mortgage in in June 2046 when I will be 82 years old having paid interest of £455,000.
Under my current plan I will pay off the mortgage in Dec 2013 having paid interest of £81,000.

A saving of £374,000

That's enough to keep me focussed.

Primrose

Try to remind yourself that whilst you're bored with your jobs now, there will come a time, well ahead of your colleagues and friends, when you are mortgage free, and hopefully will be able to have the time of your life, doing all the "hobby" things that you can't do now. Another important thing to remind yourself is that as you get older, remaining on the work treadmill becomes harder and harder and you feel you're having to pedal faster all the time just to stay in the same place. Economic competitive conditions will undoubted increase this situation as time goes by. There is nothing worse than having to stay in employment, especially in a job you don't like, to pay your bills when you are older and possibly starting to have health problems. By overpaying your mortgage now, you are helping to protect yourself against this situation. Yes, it does feel hard, but ask all those who are unwell, elderly and still having to work to pay off their mortgage and I'm sure they'd tell you that if they could have paid it off earlier by making some sacrifices, they would have done so.
Hindsight is a wonderful thing, and I bet if you asked anybody who has made a few sacrifices to pay off their mortgage early whether they regretted their action, you will not find a single one who thought they did the wrong thing.