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2am mortgage free decision
pinkbubbley
Posts: 45 Forumite
Just thought id make my mortgage free pledge. Laid in bed last night and had a long chat with hubby about our finances. In theory we are making good progress our own home at the age of 24. 45% LVT and really small mortgage repayments. However it makes sense whilst we have the money and are 'child free' to pay off as much as possible in the aim to be financially stable by 30!
I cant lie it is going to be difficult but i have sat down today (created a spreadsheet) as realised we are able to overpay our mortgage and debts by £1400 per month, this is on top of our normal repayments. Its crazy really as I don't know where this money goes each month (we have nothing to show for it - cinema, nights out and drinks me thinks!...well the increase in dress size tells me so:mad:).
Anyway the game is on, we have dramatically reduced our spending money each week, plan to get frugal and repay what we owe. Mortgage free by 30, with a home worth around £135,000. Wish me luck! xxx
I cant lie it is going to be difficult but i have sat down today (created a spreadsheet) as realised we are able to overpay our mortgage and debts by £1400 per month, this is on top of our normal repayments. Its crazy really as I don't know where this money goes each month (we have nothing to show for it - cinema, nights out and drinks me thinks!...well the increase in dress size tells me so:mad:).
Anyway the game is on, we have dramatically reduced our spending money each week, plan to get frugal and repay what we owe. Mortgage free by 30, with a home worth around £135,000. Wish me luck! xxx
*Wins 2014 Jan -Fake Bake Tan, Tropicana Lunch Box, Sunglasses, Apron, Baby Stuff! Feb - Weekend in Bath, £250, Megablox Table:j, Green Tea, London Fashion Week Tks & Goody Bag, Cheese, Pizza, Green Tea, Zebrano Bowl!
“Determine that the thing can and shall be done and then... find the way.”
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Good luck
Make £10 a day, October 2023 - £105/£3100 -
Good luck and i wish i had your wisdom at that age.0
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Exactly what alchemilla said! Best of luck to you
MFW 67 - Finally mortgage free! 💙😁0 -
Here Here! Yes wish I thought like that at your age too so wish you well!0
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Good luck pinkbubbley!0
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Exactly what alchemilla said! Best of luck to youAlchemilla wrote: »Good luck and i wish i had your wisdom at that age.
Completely agree.
Best wishes with your journey
Tilly x2004 £387k 29 years - MF March 2033:eek:
2011 £309k 10 years - MF March 2021.
Achieved Goal: 28/08/15 :j0
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