Just being nosey,really!!!!

Kodagirl

Well,here we all are,on this forum,with one major thing in common,to be MF!!!!:D

So,just curious to know (sounds better than nosey;)) Once you become MF,what will you do with all that XTRA money?:D

Wishing you all the best on your MF journey!!!!:T

black_taxi_2

Better. Lifestyle--less hours work

evi3000

Kids in private education
Save for a bigger house and then a BTL

torbrex

MF for a few years now

Saved lots, spent some, had some great holidays and now enjoying less pressure to work full-time

Kaz2904

Save a deposit for a BTL. Need to do something as DH doesn't have a pension and mine won't support 2 of us . Oh; and holidays .

HelenDaveKids

Mine should be paid off to coincide with dd1 going to uni, then dd2 then dd3 if they decide thats what they want. Also currently drive a skip, but not buying a new one till MF.

Have been mf before and had a nice pillow of savings and some awesome holidays. Before deciding wanted "the house"

Meadows

Been mortgage free for many years now best thing we ever did paying it off 12 years early (only had it for about 3 - 4 years).

The money we would have been paying out goes into savings, what we didn't have (back then) we don't miss. By saving it now it all goes to build up the pot to allow is an easier life as we get older (not at the expense of living life now while we are able to enjoy it - you only get one life so you can't put off for later as you never know what is around the corner).

Lois_E

Save it.

Two reasons. Firstly there's Alzheimer's in my family, and if I get it when I'm old, I want to be able to afford a decent level of care. Secondly, I think my kids' generation are going to have a hard time buying anywhere to live, and I'd like to be able to help my two get started.

I'd describe my current lifestyle as reasonably cautious rather than uber-frugal, though. So I'm happy with the idea of continuing indefinitely. I wouldn't want to continue indefinitely if I was watching every single penny.

bownyboy

I'll hopefully be mortgage free in 5.5 years when I'm 45. I'll then divert the equivalent mortgage and overpayment into a combination of pension, cash ISA and stocks and shares ISA.

It will also give the freedom to think about maybe working less, changing jobs (I work in central London but live in surrey, not having to commute everyday would be bliss!)

Kodagirl

Thank you all for all your replies!!!!:)

Well,when i eventually become MF,i am going to treat myself,to a fantastic holiday,somewhere,hot,and very exotic,..... be fed grapes,and drink cocktails,lazing by the pool!!!;)

Then when i get home,the house is getting it,will take the oppotunity,do re-do everything,kitchen,bathroom,every room,up to spec,then the garden,upgrade my car,then finally,save like made for a few years,and maybe go part time,when i am 55-60. Hopefully.:D

originalmiscellany

For us, it meant that when babies came along, we didn't have to go back to work immediately (well MOM didn't) which was amazing. Also, being able to live comfortably off one salary, and know that the £800 a month that used to be your mortgage is sitting there and you can save it/get the house in order is nice. Finally, driving to work knowing you don't owe the banks money (When i worked out how much interest I paid every day, it depressed me hugely) makes me very happy. Finally, finally, it means we can save to either move house again (ideally with a decently big deposit) or retire on our terms, something that is uber appealing currently, although for us it'll be at least 9 Olympic games off!

We are happy in that externally we have done nothing different and haven't change, you wouldn't see us splashing the cash, just continuing to keep to the patterns we were brought up in.