How many times a day to you think about paying your mortgage off?

David_B_2

Anybody else like me.

There isn't a day goes past that I'm not thinking about getting rid of my mortgage in some way or another. I'm either thinking of ways that I could earn extra money this month, if I paid a extra £xxx off what that would do to my term and interest, could I manage a extra £xxx for overpaying, should I use my ISA money for a big lump sum etc etc.... I've changed my plan multiple times but still have the same goal.

The problem is because I am thinking about it a lot it makes it seem slow. I mean 5/6 times a day is a bit extreme but I'm a impatient chap I want to be free NOW!.

In the same breath I'm very conscious of wishing my time away, life's to short and yes I may be mortgage free in x years time but I'll be x years older (but wiser of course!).

Any more freaks out there? (thinking about being mortgage free that is)

PS: Does anybody have a good web site or books relating to being mortgage free. Nice to read and pick up bits here and there or just get a lift when needed.

Good luck to all.

grade15

i think non stop..then i would be debt free! or i could go and buy an island like Branson :dance:

amazamum

Hi David B,I try to think of ways of paying off my mortgage at least 10 times a day,what can I sell?,how can I earn more money?.
I have joined Dithering dads mortgage free in three challenge as this will help me make really good inroads to paying it off,maybe not in three years but at the very least in 6 and a half years(before I am 40 lol:eek: ).
I have actually found a really good mortgage calculator that shows me if I maintain my present payments and can pay off an extra 2500 a year it will be paid off 4 months before my deadline.

Am I sad or what I actually get my self to sleep at night thinking of ways to pay it early
good luck and best wishes

TallGirl

Yep think about it all the time but coming together with other MFW it great. I am also on Mortgage Free in Three so come and join us and I will even add you to our spread sheet.

We have pledged over £2.5 mill mortgage debt and have paid off £54k since April 07.

See you there.

Dithering_Dad

I'm thinking about it right now! I'm forever looking at my signature and doing calculations on when I'll have paid off this much and how long it'l be before I pay off that much.

I also find that the time is grinding along, so have come up with some shorter milestones than just being completely mortgage free. I first split my mortgage into the three diffeent accounts, but even the smallest of these is still daunting to imagine paying off, so now my first milestone is to get 20k into my offset account.

Once that's done I'll come up with another milestone that I can achieve over a period of 3 or 4 months.

racer256

I don't have a mortgage, but I am a Debt Free wannabee and I think about reducing my debt every day so your not alone.

David_B_2

Dithering_Dad wrote: »

so have come up with some shorter milestones than just being completely mortgage free.

Not looked at it like that before. That'll keep me busy for a good hour this afternoon, thanks .

chickadee

Well, maybe not 5 or 6 times a day like you David but it probably crosses my mind every day in some form or other.

If I make a small saving on something, or get a good deal, or even if I have a No Spend Day, I can think positively about the impact it is making.

I have a One Account so I don't even have to think about making my transfer. I can log into my electronic banking system and it shows me a graph, which I like as it is a very visual indicator of my outstanding balance.

I keep a spreadsheet of my budgeted outgoings and update it with my actuals each month. I like to know what has cleared, etc each day. This of course prompts me to think about my mortgage balance too.

However, although it enters my mind, I don't obsess about it. I weigh up whether or not I want to spend something but it isn't an all-consuming passion. Life is for living after all. :beer:

lush_walrus

I think the thing with money is that once you put your mind to clearing debts, paying off a mortgage or saving it becomes a great big focus of most peoples life. Probably because everyday you can see the effect of whichever of the above you are doing. Same happens if you are building a business! Personally, I think about money and how to accumulate/where to put it/working out figures etc lots of times during the day.

Keep thinking and doing I say, whatever your situation whether it be trying to get debt free, mortgage free or oodles of cash!

alanobrien

David_B wrote: »

Anybody else like me.

The problem is because I am thinking about it a lot it makes it seem slow. I mean 5/6 times a day is a bit extreme but I'm a impatient chap I want to be free NOW!.

Any more freaks out there? (thinking about being mortgage free that is)

Good luck to all.

I must be real bad then i guess i must think about it at least 10 times a day.

I have a 2 part mortgage due to moving a couple of years back. Both are fixed rate and come out 1 year apart.
The first part is next year but its only around 26k. Given it will revert to the standard rate i am seriously considering paying it off with my isa cash. I know there are good/bad point to that but i hate having a mortgage!

The second part is a nasty 86+k so i will look at what is around when that comes out. managing to overpay monthly on it so that keeps me happy.
Obsessed me ? probably

ailuro2

Every time I click on the link to bring me to this forum...I have it set to take me straight to the MFiT thread, just to keep me thinking about all that lovely interest I'm taking from the banks:p