Was Mortgage Free until 52!!!

bexster1975

The sun Is shining here which is always a nice start. I'm sorry you are under the weather AFK. I'm feeling much better, which is just as well as going away for a few days in a fortnight.

I hope you have lots of rest planned today. Planning for the future can wait a couple of months. My plans are progressing well. Feel like I'm enjoying life a bit too much to push other plans right now.

I think I'd be booking the rest of my al in a block when I go ino work tomorrow xx

Bexster

A_Frayed_Knot

Thanks Miss U

No mortgage to pay, but still have the release letter to pay for, (around £250), bonus being the 2 free months of council tax

Need a plan - and soon. Declutter is one of them, which I seem to start and never get finished as I start at the weekend, then nothing till the following weekend. So not quick enough for me, I like to start a job and carry on though till it is finished.

Treat is on the cards, just deciding - what.

Bexster - Have a fortnight a/l booked for mid-end March (always take time off then as it's my birthday) and can add on another week if needed as April starts new a/l year

Nice to hear life is good for you - long may it continue, still got my h . . fund

supersaver1000

Hello A Frayed Knot

Hope you don't mind me popping in to say that I have subscribed to your thread - although I am very late to the party. Congratulations on being MF.

I followed you over here from Minnie Mortgage Wannabe's thread. I'm thinking about a mortgage in my mid-fifties and saw that you started yours at age 52 but managed to pay it off a wapping 11+ years early.

Am going to ready your thread through from start to finish to see how you did it. I'm already motivated to get started now.

Thanks and BW Supersaver

A_Frayed_Knot

Hello :hello: SS1000

Sorry not been on here in a while as pressures of work etc finally took their toll on me, have now been on bed rest doing nothing for the past 3 1/2 days

So your thinking of a mortgage late in life, it's a daunting thought but not as bad as you think, so long as you have your head screwed on :rotfl:

1st thing I done was to see what my max mortgage would be, then looked at properties under this figure, that way knew I could afford it without stretching myself, giving me the extra cash to do up, then o/p. I also had a fair deposit which helped.

The thing that helped me most was every month looking at my mortgage balance and rounding done this figure, my Knotty Knots as Miss Lemon called them , it spurred me on, no end, got very addictive, then got a 0% c/c near the end, and stupidly had the cash sitting in a bank account doing nothing, so a lovely comment from SJ got me thinking - o/p mortgage with it and o/p into c/c instead. Not forgetting all the support from my friend Bexster :beer:
This way saved me paying a load of interest on my mortgage.

Not preaching, just stating what I done - All the small things add up, surveys, ebaying, batch cooking - which I did admit, didn't think would help me all, until I tried it and loved it, saved a small fortune :j I even walked home every night from work, which was another £6.50 a week saved, so £26 over a 4 week month.

There is lots you can do, you just need to be inventive and stick to it. It all helps.

Will look out for your diary and will encourage you no end to get that mortgage balance ending with 00.00's :beer:

A_Frayed_Knot

So following on from my bed rest since Tuesday, I must have slept 80% of that time :eek: thought I might try and get up today however on wakening (just), find I am tired these new tablets have slowed me right down.

Still don't feel ready to get back to work yet, (although see they are still managing to hit the headlines, never out of them much, these days) they ought to get their act together :shhh: :silenced: so will see how that goes when the dr phones me on Monday.

A few weeks previous I managed to switch my utilities but have still not heard anything from them:( I was one of the ones who was on the highest rate as never managed to switch down, tut, tut, I know

Last week spent £12 odds on messages from Lid1's. so a good start for me.

Snow is forecast for today, so slightly colder, will see once I actually get up and open the blinds.

supersaver1000

Thank you AFK, your post has really encouraged me. I'm feeling very positive about it all.

Sorry to hear you haven't been well and hope you feel better soon, meanwhile get plenty of rest - its really important not to go back too soon.

kaycastle

I only just read your first post just now And I was thinking awww I hope this nice sounding person makes it. Then I realised the date and then I realised your signature SO massive well done, so pleased for you!! That is so brilliant of you. :T :j

A_Frayed_Knot

supersaver1000 wrote: »

Thank you AFK, your post has really encouraged me. I'm feeling very positive about it all.

I really hope you bite the bullet and go for it, as I said know your limits, then just reduce a little :rotfl:
it's really exciting, and if I can do it with my teeny tiny wage (under, well just let's say it starts with a 1 and no, it's not 6 figures :rotfl:then there no stopping you.

kaycastle wrote: »

I only just read your first post just now And I was thinking awww I hope this nice sounding person makes it. Then I realised the date and then I realised your signature SO massive well done, so pleased for you!! That is so brilliant of you. :T :j

Thank you so so much, I see you have a massive mortgage (compared to what I had), but just applying some time and effort, you will get there.
I'm a numbers person and just try to aim for something, anything that gives me a goal.

Like reducing my monthly mortgage balance to 00.00 at the end or even looking at the interest added and immediately paying that off each month, every effort however small is worth it.
A £1 overpaid is a £1 you will never pay interest on :j again.
and
The more effort you put in just now is like a rolling snowball, picks up speed towards the end. (I just read that one recently ) but makes sense

kaycastle

Ooh yes I have a plan well under way to be mortgage free by 40. you are absolutely right that every little helps

A_Frayed_Knot

kaycastle wrote: »

Ooh yes I have a plan well under way to be mortgage free by 40. you are absolutely right that every little helps

Fantastic - glad to hear it, I could just never afford a mortgage when I was a lot younger, even when I was really good at saving. Stick to it, and it will happen, just remember - real life gets in the way every now and then, but get back on track, and just call it a hiccup.

People say to me, I done it all wrong I say to them, Well I got there in the end, didn't I

I am now going to show my age by saying, the same things were not available in my day

Omg did I just say that :eek: things like internet :rotfl: and mobile phones :eek: you had to do a lot more donkey work, so I waited until it was "easier" :rotfl::rotfl::rotfl: