Mortgage Free in Three Yrs

Dithering_Dad

TallGirl wrote: »

DD can you please add Sparklymessygirl to the challenge I had actually promised her no 50.

I could have sworn I had already addedd SMG to the thread - I've been having problems with dropped connections though so maybe I did and then lost it.

Anyway she is #50 as requested

do_it_today!

hi all :hello:
LOVE the idea of being mortgage free in 3! however this is quite unlikely for us .... anyway we want to join and pledge to aim to paying off £5,000 off the £129,000 mortgage

FrugalNotTight_2

Hey TigTag,

That's terrible news and when you have to deal with the threat of redundancy hanging over your head and in fact the realisation when it arrives, it really is quite something. I won't go into my story as it's on a slightly different line and not for this forum. Needless to say, two years on I'm in a position where I feel a lot more positive about my career. What I'm trying to say is that I am in a much better situation in my head than I was then. Financially I'm just about getting to where I was but I've 100% missed out on some exceptional financial rewards. Cest la vie and quite honestly, I care about the financial losses about 5%. It's not that important now!!!

Whilst this situation has been out of OH's hands, in some respects you're both still in control. I think the advice of people on this forum is quite considered but both of your needs and pressures will obviously govern what you do. Try to think longevity if that is at all possible.

My main advice would be (For what is worth), try not to let any pressure creep in and just think that OH will almost certainly be in work in a few months time. That's usually the way things work out.

I'm sorry to hear about your news and I wish you both the very best of luck.

FNT

wisewoman

do_it_today! wrote: »

hi all :hello:
LOVE the idea of being mortgage free in 3! however this is quite unlikely for us .... anyway we want to join and pledge to aim to paying off £5,000 off the £129,000 mortgage

Welcome Do it Today. So many more Questees. Great stuff.

tigtag02

Dithering_Dad wrote: »

Hi tigtag, is your hubby Corgi registered? If he's not, is it an expensive qualification to get? Might be worth getting one of those study loans if he ends up with a better paid job or could start up working for himself?

Evening DD et al

I'm overwhelmed by the support and advice so many many thanks to you all :)

FNT - My main advice would be (For what is worth), try not to let any pressure creep in and just think that OH will almost certainly be in work in a few months time. That's usually the way things work out.
I love this piece of advice and it about sums it up He can get very despodant and stuck in the unemployment rut and then I nag :eek: we always make it though Maybe we should both learn a little patience.

MMC - I am heading OS way

DD - Nope, not Corgi - he's more of a *poo piper* than a gas plumber He looked into all this the last time and its a bit of a catch 22!! The only course he can do without and employer is pointless as he has more knowledge than it offers. The NVQ's you have to have to be employed as it mainly based on practical - GRRRRR
The other courses are the £3k+ ones that give you papers in 3.2 nano seconds which are what have swamped the industry in the first place

chick - no nerves touched hon, dont worry :)

Luckily his industry is a *who* you know and not always a *what* you know place and we already have a good handfull of friends on the look out, with a bit of luck it wont be for long.

Again, thank you all, I'm very touched :A

tigtag
xxx

BARGAINHUNTER!

Well, they always say Moneysavers shouldn't smoke, so today im starting the challenge of giving up the ciggies and using the money saved by not buying them to directly pay off some of my mortgage!

The figures - I have a small mortgage - £45k. This has just been taken out over 25 years. I currently smoke 10 per day at a cost of £2.55 - a total of £76.50 per month!!!!:eek: By stopping smoking and putting the £76.50 saved per month into my mortgage account, the mortgage calculator has calculated that I will reduce my mortgage term from 25 to 16 years, saving £16,070.22!!!:T

So to help keep me on the straight and narrow, please can I join in the challenge? My starting figure is £45k and over 3 years I aim to pay off £2,754 purely by not smoking!! I will also add any extra money as and when I can (im a single mum) so hopefully I will be able to pay off a lot more!!:j

AnW'sMum

welcome bargainhunter! A 9 year shorter mortgage span just by giving up ciggies WOW! If there was ever an incentive to give up then that is a pretty good one Good luck on your double challenge.

Just a quick thought, each time the price of cigs goes up see if you can put the extra to the mortgage as well.

ailuro2

Wow Bargain Hunter- that's a threefold gain you have there- 9 years off your mortgage,probably nine years on your lifespan, and healthier kids too- what an achievement! Not easy, but you have the best reason to do it.;)

children of smokers are more likely to end up smoking themselves- that's what I stopped for-after smoking for about 18 years:o we went to Vegas and had the trip of a lifetime on the first years savings (we both smoked more than 10 a day) and after that I could afford to come off of shifts, which improved family life tremendously.:D

It is not easy, but every time the craving hits, shout and scream at the evil gremlins who try to shove ciggies in your face-my hubby used to do this at work,(noisy factory) if inly they'd known!!

Make up your own (where's our cheerleaders I'm rotten at this bit?)

"mortgage free in nine,healthy lungs will be mine"

or

" I'm not planning to be broke,and I no longer reek of smoke"

Of course if you work in a quiet office it might be best to get some nicotine patches and some chewing gum.:rotfl:

sarmia

Can I join??

We have a £120,000 mortgage which is repayment started in April '06, 4.99 % fixed til Apr '11. Want to get it down to £100,000 when it comes to renew.

BARGAINHUNTER!

Thanks for the messages of support! I was really amazed when I put the figures into the mortgage calculator at how much I could save on my mortgage just by giving up the ciggies! I had been planning on giving up anyway, and was looking for the right incentive. I think i,ve now found it!!

Excellent idea about upping the overpayments everytime the price of ciggies goes up - i hadn't thought of that! :T