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Ages of MFW's
elwistua
Posts: 71 Forumite
I have been pondering for a while now when in a persons life the light bulb flickers into life and the desire to be MFW kicks in.....
Not looking for specific numbers but any stories of that memorable day more than welcome:D
Not looking for specific numbers but any stories of that memorable day more than welcome:D
Unsecured debt £0 :beer:
Credit cards £0 :beer:
Mortgage £81k MF date Jan 2024, now with added va-va-voom Dec 2019!! :beer:
Op's in 2011 - £1400 / £2000
Op's for 2012 - £2150 / £1800
Credit cards £0 :beer:
Mortgage £81k MF date Jan 2024, now with added va-va-voom Dec 2019!! :beer:
Op's in 2011 - £1400 / £2000
Op's for 2012 - £2150 / £1800
In which age bracket did you want to become MFW! 51 votes
0
Comments
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You've missed my age range, 31-34.MFW 2015 - #88 £3,345 / £3,500
MFW 2014 £2,990,MFW 2013 £7,905, MFW 2012 £12,216
Opening Mortgage Balance (15th July 2010): £200,999
Current Mortgage Balance(2nd July 2015): £150,999
Total overpayments to date: £30,292.00
Updated 19/05/20150 -
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25 - 30 years oldwish I had started when I took my first mortgage out!!! Not that I could afford much back then but would of still made a difference.0
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I'm also 34
so cant vote
Sugar xxx"The journey of 1000 miles commenced with a single step"0 -
41 - 50 years oldhave voted 41-50 as a definite, but am hoping to get it done and dusted by 40. 42 is a conservative estimate.0
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35 - 40 years oldI'm 32, but accidentally voted for the 35-40 range
.
My reason for now deciding to become mortgage-free is that we have just had our second Son (4 months old) and we have a 3.5 year old Son and our family is complete. Also, DH is almost 38 years old and he would like the mortgage paid before he is 52.
Our mortgage is due to end in 2026 which at that point DS1 will be 18 years old and DS2 will be 15 years old. So, if our children are in a position to go to University, then I would ideally like to have paid the mortgage off at least 4 years before DS1 turns 18 so that we can save more money towards University costs to help them out etc.0 -
25 - 30 years oldI think that it's not clear what question is being asked.
I *think* that the poll is when did you decide to become a Mortgage Free Wannabee?
As opposed to what age would you like to be mortgage free at?OPs so far £42,139
Original end date Nov 2037 (53) Current end date June 2024 (40) Aiming for 5 years to be Mf
DD1 Oct 2008:), DD2 Jul 2010:), DD3 Aug 2013:)
When life is getting me down I try to remember to thank God for the blessings0 -
35 - 40 years oldOh! I voted about when I'd like to be MF.
I'm 28 ish now and would love to do it by the time I'm early 40's.[STRIKE]£2200[/STRIKE] [STRIKE]£1950[/STRIKE][STRIKE]£1850[/STRIKE] £1600 on my credit card
£1200 of £6000 Savings0 -
18 - 25 years oldWe were 23 when we decided to pay off the mortgage as soon as possible. We were 26 by the time we found MSE and realised that we could go at it a whole lot harder. We were 29 when we paid the thing off and now, at 30, we're off to get another mortgage!
Cheers,
BillyMortgage Free: 28/10/2010Time / Interest Saved: 18.5 years / £61,866.500 -
I can't vote
AM in the 31-35 bracket. Had my lightbulb moment very early on, but didn't fully embrace it for several years, although I was saving up to overpay... We've really gone to town on our mortgage in the past 3 years mind you; Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370
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