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what are you going do with spare money after mortgage is paid off ?
alwaystryyourbest
Posts: 286 Forumite
Hi hoping to be mortgage free in a few years ?
not sure what to do with spare money, what is your plans for your spare money after you have paid for your mortgage..
not sure what to do with spare money, what is your plans for your spare money after you have paid for your mortgage..
£176,000 January 2014
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Comments
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Having a month in the lakes then start saving when i get back so i can think about retiring early.
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My Mrs was surprised when I said I planned on saving up for a Porsche 911 after the mortgage!!!
I would like to save for a deposit for a second house.Mortgage at Highest- £126.995 Aug 2006
Mortgage- (Lightbulb moment, Sep 12) £95,571. (Jul13) £92,616 (Oct14) £88,224
OP Since Sep 12- £11,401.13, currently £8,416
Original Finish Date- Aug 2032
Target Date Aug 2020
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Well we've been there for 8 months, it simply means that we have been able to nto worry about a mortgage, which gives a lot of financial freedom. However I think it will simply mean we continue saving and save it for a move to our "final house"...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 -
I plan to go down the buy to let route once mines paid off, build up a small portfolio for the retirement fund!0
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