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Debt free in 8 years
michael_simpson
Posts: 1 Newbie
Hello.
After paying off my card debts I set.a plan in motion to pay off my £92000 mortgsge. I modified my spending to prevent unnecessary wastage then simply did the following.
On every payday I checked my balance, allowed for my monthly set payments plus 10%, then paid what was left off my mortgage. This aversged £500 to £1000 per month which was on top of my mortgzge payment.
This had the immediate effect of lowering the monthly payment by roughly £6 per thousand. Over 8 years it paid off the debt and made me better off by £706 a month.as the mortgage had been paid in full.
Hard to do, glad I did!!
Michael
After paying off my card debts I set.a plan in motion to pay off my £92000 mortgsge. I modified my spending to prevent unnecessary wastage then simply did the following.
On every payday I checked my balance, allowed for my monthly set payments plus 10%, then paid what was left off my mortgage. This aversged £500 to £1000 per month which was on top of my mortgzge payment.
This had the immediate effect of lowering the monthly payment by roughly £6 per thousand. Over 8 years it paid off the debt and made me better off by £706 a month.as the mortgage had been paid in full.
Hard to do, glad I did!!
Michael
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