the boredom factor

black_taxi_2

also break it down--think monthly--some months you pay more

also taking on no new debt is a must

Courgette

Marine_life wrote: »

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.

:eek::eek::eek::eek: Oh my goodness! That would keep most people focussed! I feel worried just thinking about that! Good luck!

originator

Hi again just caught up with the posts.Primrose I am old and in exactly the frame of mind you describe I'm afraid! I would def advise starting to overpay at amuch younger age than mine if you possibly can,I am coming up to 60 in May eeek! My mortgage is tantalisingly close to being paid off BUT I only earn minimum wage so I reckon it's gonna take me at least 2 more years,I'm on a fix til august 2012 @5.78%.Started overpaying last April and have managed to get it down to just under 12 thousand.I realise that must sound like peanuts to most peeps on here but it still feels like loads to me,it's all relative isn't it?Luckily for me Black Taxi I have no other debts but life chucks up some challenges now and again and my wm has just started making a hideous noise(gulp)!I appreciate all your posts on this thread,lots to keep me going,thanks

originalmiscellany

£50 a day. Ouch! A mortgage of £1550 a month would certainly keep me focussed on overpaying and getting everything down as fast as I can. Sounds like you're doing the right thing though -well done you

RosieTiger

Then of course start working out how much you have earned from any piece of tedium. We often have inane meetings to attend, i like to think about what i have just been paid for listening. Might work for you.