Mortgage free in 10 years

SuperSecretSquirrel

Up £8200, that's fantastic!

I'm no stranger to logic being short circuited, I'll sometimes follow a suboptimal path just because it feels good

You could pay off the mortgage and drop the CC below 5k, or you could wipe out the CC and drop the mortgage below 5k. The first option makes the most objective sense, but the second option ain't too shabby :beer:

NorthernMonkey1

While the CC is at 0%, and the mortgage is so low, leaving everything as is, and putting all the money in a S&S isa seems to make most sense. It also gives me the biggest security blanket in case of this job not actually working out.

Unfortunately, it also means £14000 credit card bills dropping through the letterbox each month.

I think I might stop overpaying the mortgage for a while (standard payment is now just £84 a month) and start paying off the CC. It might stress me a little less if I can see the numbers start to go down a bit quicker

erin_transport

Amazing numbers! You're very astute! Well done

NorthernMonkey1

Thank you.

It's an odd journey, which has changed me a bit. I went to the local huge out of town shopping centre yesterday, thinking that I might buy myself something, and after a year of not buying 'stuff' I no longer want any of the stuff they have.

There was lots of shiny apple and samsung toys, but nothing that made me want to be £500 poorer in order to have in my pocket.

I started paying off my mortgage so that I could have more cash to buy stuff, but in the process, I now have all of the stuff I could ever want, that is, I don't want any more of it.

Sure a like a better car than my 12 year old fiat panda would be nice, or a newer iphone might be better for angry birds, but I don't want any of it as much as the security of knowing that I could loose my job tomorrow, and things will be OK. I think I'll stick with my old car 'til the wheels fall off, and I'll stick with the phone I have until it dies completely.

obay

Hey man, been a little while you updated, are you OK? Whats the new stats?

SuperSecretSquirrel

How's life treating you these days NM?

NorthernMonkey1

Hello all

It's a very long time since I posted here, but Ive still been working on the debt.

My sharesave matured in August, for £15500. The majority of this went against my credit card (about 11k) and the rest went to boost my isa over the £20k mark

I then spent the rest of the year, paying it off, so it now stands at £4 (just got the bill for this month) and I like to use all my cards just a tiny bit so they stay active.

I got an unexpected christmas bonus from work of £3600, and realised that I could make the final payment before christmas, but it would leave me pretty skint for all of January.

After pondering for a while, I thought sod it, and did it anyway



I might be a bit skint til January payday. But IVE DONE IT!!!!!!!

SuperSecretSquirrel

YEEEEEEEEEEEEAH!

Nice one NM, well done you!

Bet that will help you have a very merry christmas!

:beer: :j :T :j :beer:

erin_transport

Fantastic achievement
Well done!

NorthernMonkey1

Thanks SSS.

It was slightly anti-climatic. I made the overpayment for the remaining amount, then....... Nothing Happened.

Maybe something will happen after Christmas, but so far, other than balance reading zero, its exactly the same as before. It was a slightly odd feeling, knowing that I've been working towards it for so long, then all of a sudden, nothing.

Maybe they'll post me a balloon and some streamers, but it's pretty unlikely.