Paying off mortgage before 55 when single

A_Frayed_Knot

All Good Stuff.

I too have moved my bank from the one that charges me to the one that pays me but unfortunately my gas and electric are much more complicated to compare, might just bite the bullet and switch.

AnotherJoe

Maybe it's not been covered before but you said that travelling a lot meant you mixed up your business and personal expenditure. Are you using separate credit cards?

AnotherJoe

Dalradian wrote: »

Tonight i moved my gas /elec to new cheap rate, moved an old bank account with zero interest to one that will pay me upfront, have interest and cashback. Also need to claim £95 compensation for delayed flight - if BA will answer the phones! Overall, nearly covered to cost of my short break.

Pretty sure you can do that online. Are you in the exec club?

Dalradian

I have got it paid back to my bank account, wasn't aware i could do it online via executive club. I tend to use the same credit card for both personal and work because i only put large purchases on credit card eg holidays. I pay it off in full every month and switch to get the best cashback. Have got a separate 0% purchases card to buy my car
- just setting it ip to pay a regular amount off to cover min, but might save to overpayments as stoozing

Dalradian

Sent an overpayment of £500, just to make sure i don't spend it elsewhere. Few big spends recently inc holiday plus some poor pay months so need to keep my eye on the ball.

Dalradian

Also got free weekend away using my hotel voucher and milage paid by company as have a meeting there as well. Hope it doesn't snow too much!

A_Frayed_Knot

Dalradian wrote: »

Also got free weekend away using my hotel voucher and milage paid by company as have a meeting there as well. Hope it doesn't snow too much!

Nice work, o/p, free weekend and mileage.


Love the snow, but don't think we are going to get any, think it will all be on the east coast.


Enjoy.

Wrongers

Looking for inspiration whilst becoming a Mortgage Free Wanabee.


Mortgage currently stands at £61932. £48K on repayment, £13k on interest only.


Credit card £600
Next £300


Have made overpayments before but just come out of a relationship so trying to get my finances into order.


Any second income ideas would be appreciated.

Dalradian

Hi wrongers,
It is difficult to advise without knowing your situation. Many people start off by selling some stuff via e*ay and g*mtree and decluttering. Second incomes - can you get more hours where you currently are? Ask for a raise? Otherwise you might look at weekend work or bank work.

Wrongers

Hi


Thanks for your reply.


I'm 47 and my mortgage is £61k, it seems like a lot to pay off now I look at it closely.