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The "Mortgage-free in 2025-30" club!
Comments
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Well, today I confirmed my subscription to the company share save scheme.
5 years at £300 a month :eek::eek::eek:
It comes out of my paycheck after tax, so it will put a significant dent into what I can overpay. On the plus side, in 5 years time, hopefully I can pay a £20k plus chunk off the mortgage.
I've already got a £200 a month share save which I subscribed to 10 months ago, which matures in September '17. If the shareprice stays as it is, that one could be worth £12k
These 2 together will probably be most of my overpayments.0 -
Good work, NorthernMonkey1! I was reading that thinking it was a bit rubbish that they didn't make it a pre-tax benefit, but then I read about the upside with the share price on your current load, and figured it was a pretty good benefit already.
Our regular savers that I thought matured at the start of May FINALLY mature tomorrow!! At least £6k to be OPed and then I finally get to enter it on my spreadsheet and see how many months that knocks off.0 -
The price is based on the current share price minus 20%, so if the share price remains constant, then I'll come out with £22500 from £18000 investment.
And because it comes out my paycheck, I don't see it, any money I don't see isn't real money at all, because it was never there.
Thats my flawed logic, and I'm sticking to it0 -
Sounds like fantastic logic to me.similar to eating his chips being calorie free as they aren't on my plate !!:)0
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That's silly. Everyone knows that other people's chips have calories in them.
Except on Fridays. Calorie free Friday means you can have as many chips as you like on a Friday safe in the knowledge that they are calorie free because it's the last day of work.0 -
dammit, so that's where I have been going wrong all these years!!0
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Awwww I think it's starting to hit home with Hubster, he sold the iPhone and suggested we put the money against the mortgage (that's what was happening anyway but nevertheless.....) such a proud moment in the Choc household.
We may stay sub £180k by the skin of our teeth
Chocs0 -
Had it in my head that the interest on our maturing savers would be a few hundred quid, but it was only £154. Ah well. And in the end I had to keep £400 back as we've just had unexpected vet bills, so had to keep back the interest plus a little bit of what we'd put away.
But still...
Just OPed £7,254, which knocked 14 months and £5,346 in interest off the mortgage!!! And it took the balance below the £220k mark - I love passing £10k boundaries.
Happy Friday!! :j:j:j0 -
well done teapot!
Today is payday so I'm off to do my money shuffle.... 0 -
Woohoo, turtle! I love the end of the month - paydays and OPs. 0
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