MF within 10 years or less

qwerty001 · 1 May 2015 at 4:34PM

just the one wage-earner

2 adults and 2 kids

anoncol · 1 May 2015 at 5:01PM

Wow, you've made such an attack on your mortgage! Well done! Our interest is so low, we are saving and pay off in a chunk down the line instead.

Is the mrs going to ask for a bigger house soon

qwerty001 · 2 May 2015 at 6:31AM

Hi anoncol,

Barring recent unforseen circumstances I'm fairly single minded and resolute in wanting to clear the mortgage.

The ability to relax a bit and decide what to do appeals to me greatly.

No plans for a bigger house, bunk beds can be used if needed in the future!

princess295 · 2 May 2015 at 6:34AM

Your achievement in such a short time is fantastic, can i ask how you managed to do it and any tips for the rest of us??

gallygirl · 2 May 2015 at 9:10AM

qwerty001 wrote: »

I could not keep the Emergency Fund. The call of the Overpayments was too much for me to bear.

Very naughty I know, but I always had a Credit Card to fall back on if needed.

If I did get caught out, then the OP's would have stopped and the EF would have been saved up again (hopefully), after clearing any New Debts.

The irony is that by the time you can comfortably afford to save an emergency fund you are financially secure enough to not really need one

.

qwerty001 · 7 May 2015 at 9:54AM

Hi princess,

Ultimately there is only one maybe two tips.
It boils down to Prioritisation:

1 - use spare cash for overpayments
2 - make spare cash (we made spare cash by going without things we did not really need but desired a lot, there are other methods available to suit different people)

qwerty001 · 7 May 2015 at 10:02AM

Yet again, the unexpected has happened again and will delay significantly.
Overpayments has gone down the priority list for the time being.

qwerty001 · 29 May 2015 at 11:21AM

The pace has slowed down, but another Over Payment done, see how long it takes.

qwerty001 · 20 June 2015 at 2:46PM

Just over 3K left.......

....... I can just about smell it.

qwerty001 · 10 July 2015 at 4:17PM

1.5K left to go......

still undecided as whether to completely pay off the mortgage or leave a small amount for future borrowing purposes if required (possibly required), ideas anyone?

I can't quite believe it......

MF within 10 years or less

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