MFW - Do you tell other people what you are aiming for?

comping_cat

Ive told a couple of people (my mum, sister and a couple of close friends) but thats it. My financial business is my own affair, and as a single mum i dont like to justify what im doing.

Markmiwordz

Keeping up with the Jones's is expensive....
and if you haven't already noticed, they're broke!

seven-day-weekend

Not quite the same, but related : a friend of ours inherited £100,000 (The first thing he did was paid off his mortgage). He wanted to let everyone know about his good fortune - it was from a very unexpected source and he was just so thrilled.

After our experience with our neighbour's sour grapes, we advised our friend to keep quiet about it as people would not, on the whole, want to celebrate his good fortune. They would just be jealous.

We celebrated it with him and his wife and a good time was had by all!

pollyanna24

Tad premature for me to even be thinking of paying of the ole mortgagae (see sig). I think what we're trying to do is overpay as much as we can as the mo to get the mortgage down

1 to compensate for the "crash" that's coming!
2 so our payments hopefully aren't so much in a couple of years when the sprogs start coming!
:rotfl:

Stu_H76

I've told a few people, a couple are doing the same, but most don't get it really or wonder why I bother. It gets me down a little, so I don't often say to much. But the Wife and I are happy to keep hitting it the moment, lets see where it takes us.

mini

It's nice to come on here & not feel like a nutty person!

We have just paid off a chunk of our mortgage, reduced the term by 14 years & are paying £30 more a month than we were, hopefully managable & we can make overpayments too . Loads of peopel we know have the same must have lists, leather sofas, huge fridge freezers, 7 seater cars etc & every room in the house looks like a Next catalogue, we do look poor by comparison & I can tell by some peoples reactions they presume we are, we hope to be mortgage free by the time our children are 18 so we can help out uni wise etc, I'm glad this board is here, a nice little corner of the world:beer:
mini

FrankieM

I love that people here are one the same wave length too...
I don't understand others peoples issues with it though? Don't they have plans for their future?
I just don't get why other ( some) people seem to be against the idea of it?

cazmanian_minx

Markmiwordz wrote:

Keeping up with the Jones's is expensive....
and if you haven't already noticed, they're broke!

No we're not, we're just being careful with money so we can pay off the mortgage early!!!

:rotfl:

Caz (Jones!)

Lizzieanne

seven-day-weekend wrote:

When the mortgage rate went down from 15% in the 80s, we carried on paying the same amount and consequently paid our mortgage off early.

Whenever our next-door neighbour mentioned his financial affairs he always said accusingly 'Oh well, it's OK for you, you've got no mortgage, have you?' as though some kind person had reached into their pocket and paid it off for us.

:T I couldn't agree more!

Mr L and I took out a mortgage on our first house in 1990, when I was 20 and he was 22. It was tough and for many years we didn't have the holidays and flash cars that our friends had. We're now in a much larger house with relatively small mortgage and whilst we're not anywhere near to being mortgage free, we're on schedule to have no mortgage and be retired when we're 47 and 49 respectively.

Somehow along the way. we have become 'lucky', according to some friends.

Sour grapes, definitely!

Good luck to everyone.

WestonDave

Sadly people seem to me to mistake living for the moment with spending for the moment. I'd always advocate living for the moment - my son will never be under 2 again, and at some stage will no longer want to play silly games with Dad. However I am aware that for him fun is Dad getting down on hands and knees and playing his game - whatever that might be, or playing football in the garden, or hunting for spiders etc. It isn't coming home with the latest expensive toy for him.

Maybe I'm just wierd but likewise I get more fun out of playing with DS (and hopefully soon DC2) than getting the latest gizmo - we barely have time after playing and doing the household stuff to watch TV let alone need the latest gizmo or flash car. Fancy holidays are also a waste with tinies.

We'd got into the black before we moved in September and the plan is to head in that direction again, although with another baby on the way the next 12 months at least will be more a question of treading water than making real progress. The difference is we now have a house which will be enough to see us through as a family, we owe less than 50% of its value. It needs stuff doing on it but we cheated on the house warming and had it within a week of moving in so we had an excuse for it looking a tip. The kitchen has been refurbed with new doors for £250 rather than a £5k refit, and we'll go on in that vein!