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Just being nosey,really!!!!
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Save. Save. Save. Mixture of using ISA allowances, taking advantage of tax relief on Pension to increase what I'm putting in by 40% as I'm a higher rate taxpayer and then building enough to buy a chunk of a bigger house.MFW 2015 #41 = £20,515/£20,515
MFW 2014 #41 = £26,100/£25,000
MFW 2013 #41 = £10,000/£10,000
Original MF date = May 2036 - MF achieved on 15 June 20150 -
I think for the first year I will just walk around the house knowing that it is mine and no one can take it from me. Safe in the knowledge that my family will be safe and always have a roof over there heads. My Mum and Dad nearly lost there house in the 80s recession this caused a huge strain on everyone.
Just the fact that I will have achieved somthing that not many people do but all dream of.
A holiday for my family who if all goes to plans will be eleven (twins) and ten.
Im sure a Porsche 911 Turbo will feature at some point being mortgage free.Original mortgage £158,000 over 25 years, end date 2036 :eek:
Predicted utopia date 2021 15 years early :beer:
Current mortgage £52,928
2016 Over-payments to date: £5000 :j
Total OPs since starting £79,8060 -
Having been mortgage free at 43, then borrowed some more to move, my plan was always to be mortgage free again at 50
I have never inherited any money to put towards a house and I do not care if I ever do, our home will be all down to work and saving by myself and Mrs NPU.
I must admit, we have gone without gadgets, holidays and new furniture but this is something that we can look forward to next year.
I also have some unsecured debt which I will repay next year.
Its nice knowing that the house you live in is not owned by the bank, you can work fewer hours and spend more on yourself.
We have never earned vast sums of money and its nice to think one day both our children can benefit from our thrift.
Roll on 2014 :beer:0 -
great thread, I loved the one about buying nice bread..I am getting fed up eating slightly stale, but hugely reduced bread!
We have been very poor in the past, then after going to uni as a mature student managed to work my way up my career path and had lots of leftover money every month which was frittered away in nice hotels, resturants, molton brown shops, Radley handbag shops, Dune shoe shops...You get the picture?
But then, i had some health problems in the past few years, which have stabilised for now, but made me realise how limited my potential earning power could be. So, just want the security of not having to work if it all goes wrong again.
Of course, if I continue to keep well and keep working then I will save and save, would love a wee place in spain, and OH has been promised a classic car again. But, I think my spendaholic days are well and truely over.. mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... £101065.43:eek: now 74k
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Hi all,
Thank you again for all your responses,it makes for great reading!!!:) And for those of you who are MF ,....................... soooo envious,it must be a great feeling,and well done,on your achievement!!!:D
Well for the time being the rest of us,will work towards our dreams,and hearing of people that have already 'achieved' can only act as a positive thought,if you can do it,so can we,and we will!!!:beer:
All the best,MFWs!!!!:)Total Mortgage amount borrowed
£129,176.55 Dmr 2005/ £90,485.00
Current savings £3000:T0 -
Ok,just decided on what else,i will be getting when i become MF, a Wolf Hybrid,....... or 2!!!:D
At this rate,it will be cheaper to keep my mortgage going!!:rotfl:Total Mortgage amount borrowed
£129,176.55 Dmr 2005/ £90,485.00
Current savings £3000:T0 -
I'll quit work I think, and we'll live off Mr P's salary. I would be a SAHM now if we could afford it.Starting Mortgage (May 2012): £116,095, Mortgage at September 2012: £115,677.14
Mortgage at March 2014: £110,671.080 -
I keep looking at Rightmove houses I might want to buy when we are mortgage free but it would mean getting another mortgage of course which I'm not sure about doing.:eek:lincoln-potter wrote: »Warburtons bread rather than waitrose own brand.....ahh the good life.
:rotfl:0 -
Ooooh love the question (and the answers!!) For me it's a mix of holidays, less work and hopefully being able to retire at 43 (if my longer term plan pays off!!) Some people think this is crazy and I'll be bored stupid.... I reckon I'll be very happy.... Work to live and don't live to work!Mortgage starting balance 2011 ... £170k today £1.5k
Savings: £3k
Aim: 100k by Dec 20210 -
Pay for my kids to stay in private education, it gets more expensive as they get older. The termly fee at secondary level is extortionate but my dd has special educational needs and requires the small class sizes. I want them both to go to the same school so it's going to take lots of money.
If either of them are uni material we'll then help with that and we'll need to boost our retirement savings as I don't believe in paying much into a pension while I've got a mortgage.I'm a qualified accountant but please make sure you get expert advice as any opinion is made in a private capacity.
"A goal without a plan is just a wish" Antoine de Saint-Exupery
Mortgage overpay 2012: £10,815; 2013: £27,562
Mortgage start £264k, now £232k0
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