Soooooooooooo Wanna be Mortgage Free

lucylema

Afternoon guys, I posted a diary I think quite a while ago but no idea where it went and so heres to a shiney new diary for me.

I am 37 and married. We have no kids or pets (unless you count the fish in the pond).

I have about £45000.00 left to pay on the mortgage and I want to pay it off by the time I am 40 so thats 31months from September:eek:

I can't decide which is best... pay off the mortgage a little at a time or put the money into an account to pay off in lump sums when I know we won't miss the money.

I earn around £600 per month and intend to put that towards MF but septembers is already spoken for - shame

I am going to try my very best to pay this off and will update as and when

Lucy x

SAMMYE_2

lucylema wrote: »

Afternoon guys, I posted a diary I think quite a while ago but no idea where it went and so heres to a shiney new diary for me.

I am 37 and married. We have no kids or pets (unless you count the fish in the pond).

I have about £45000.00 left to pay on the mortgage and I want to pay it off by the time I am 40 so thats 31months from September:eek:

I can't decide which is best... pay off the mortgage a little at a time or put the money into an account to pay off in lump sums when I know we won't miss the money.

I earn around £600 per month and intend to put that towards MF but septembers is already spoken for - shame

I am going to try my very best to pay this off and will update as and when

Lucy x

Thats a good target! I would say you would be better to save some so you have a cushion just in case. But part of the fun with overpaying is knowing your reducing the amount of interest you are paying... if you have a really low interest rate then I would stick it in a high interest account.

Good luck!!!