Mortgage Free in Three Yrs

shazzany

Hi, I was wondering if anyone else is considering ( or is already) staying at home full time to bring up their children?

When our mortgage is paid off ( or pretty small) this would be a possibility for me. I currently work, teaching, 3 days and look after my daughter 4 days but starting to feel maybe I'm missing out as she is being so gorgeous I just hate leaving her! Paying off our current mortage gives us the choice of either me staying at home full time or us moving to a better house/ nicer area whilst I carry on working part time.

Anyone else have experience of this? If you did stay at home did you miss work ? Thankyou!

firesidemaid

just wanted to inform fellow MFiT folks and stoozers about the up and coming changes to the A+L premier current account.

it was in the guardian on sat and i went in and checked in my branch today.

they are changing their overdraft charges - no interest, just 50p a day with a cap of £5.00 per month.

now, i have quite a large o/d facility that i never use (apart from the free bit that is 0% for a year) - this was matched from my old bank. this makes the borrowing rate less than 1% per annum

i have calculated that if i use this to pay a chunk off my mortgage i will save another £25 a month.

just thought you might like to know ('specially if any of you have large overdraft facilities that they will match) x

DickDastardly_2

Shazzany, do it! My wife used to work for a bank F/T and I worked full time in housing. When she fell pregnant with our first we decided that she would stay at home and look after our child until he attends full-time school, but even then his needs and care came first, regardless of economics. We feel that this is important in the development and nuturing of our boy and also that these young years will NEVER come again - miss them and miss them permanently. We feel that there will always be houses, mortgages, loans, money and hassle to worry about so why sacrifice these for the unmissable life of your childs early years? It simply isnt worht it in our view.

Three years on, my wife now does a small amount of part time work for our local church whilst our son attends his pre-school, but is there to take him and drop him off. I am self-employed and work whenever possible, but I make sure that I am able to spend far more time at home than I ever could in PAYE employment.

Give up your job or go seriously low part time and ENJOY your daughter while you can.

And no my wife doesn't miss work one bit!!

Remember: no-one ever said on their death bed that they wished they spent more time in the office......!

DickDastardly_2

So did I get in this Free in Three club or what??!!

tsharp

DickDastardly wrote: »

Remember: no-one ever said on their death bed that they wished they spent more time in the office......!

Or;
'I wish i had less sex...'

DickDastardly_2

And I like the sig too!:rotfl:

djbd1973

DickDastardly wrote: »

So did I get in this Free in Three club or what??!!

Or what is correct!

No seriously, send Dithering Dad a personal message (very first thread), and unless he is away I am sure he will contact you.

drenbo

I am really pleased with my progress so far since April and would like to thank all of you for helping me to stay focused...

SarahJay55

well I got through 3 pages, but since it's now 1am, I can see it'll take me a while to catch up!
[EMAIL="I@d"]I'd[/EMAIL] love to join in - though my mortgage is only 18 months old, and still 6 figures, so the 3 years may be unrealistic. Maybe [EMAIL="I@ll"]I'll[/EMAIL] aim for reducing the term by say 10 years (it's at 35)
I'll drag out all the paperwork in the next few days and get the details (I couldn't even tell you what my current interest rate is - bad MoneySaver...)

Kaz2904

I've managed to shave off another month of my mortgage free date. I was up to december, then november, now october 2013. I have yet to work out the rest of the horrifying picture and how much it's all cost. I have another car to MOT (forgot arrgh!) 1 years tax to pay for, Insurance to pay for and a stag do and hen do. We may have to eat beans on toast for a couple of weeks!


I was wondering if anyone else is considering ( or is already) staying at home full time to bring up their children?
Shazzany, I would love to do this too but will not be able to as my two will be older (12+10) by the time I get there.


We feel that there will always be houses, mortgages, loans, money and hassle to worry about so why sacrifice these for the unmissable life of your childs early years? It simply isnt worht it in our view.
DickDastardly, unfortunately this is not the reality for most people in this day and age.
I would love to be able to afford our mortgage on one wage (about the same as yours when we got it) so that one of us could stay at home to look after the children. Unfortunately this is not possible on either of our wages. We are both left stuck working full time because of an inability to cut hours in the job we are in and a lack of other jobs around to apply for. That's why we have chosen to do what we are doing now. We are trying to get maximum benefit from the position we have to be in so that it doesn't have to last forever.
TTFN, Kaz.