Time to join the MFW's!

MrsTinks

So having recently become debt free (hooray!) :j:j:j after years of plugging slowly away at it, we now have some small savings for emergencies and we're in the middle of re-mortgaging.

In short the money we are saving from debt payments are being re-routed to our mortgage and the new deal we are trying to finalize in the next few days would cut our mortgage from 28 years to... ahem... 13!!!! :eek::eek::eek:

Now it is possible that we will throw lumps at this too over the years to come, it won't be next year due to a 10th wedding anniversary holiday in Mauritius, but husband does get decent bonuses which I'm hoping I can convince him to lump at the mortgage too

We do intend on enjoying Christmas this year (within reason) but for each "naughty" I'm trying to make sure we do a "nice aka money saving".
Getting ahead of the game I switched the utilities this weekend saving £30 a month on the DD. I'm also going to start replacing all the bulbs I can (probably one or two a week) with energy efficient ones, mainly because they last longer, even if they cost more upfront which is why so far we haven't done it!

I'm also making a lot of peoples presents (thankfully I'm pretty reasonable in the kitchen so oddly no-one has objected to this idea LOL) - which means I can spend a little more elsewhere as the biggest investment will be my time and skills.

As soon as I have the exact terms of the mortgage (ie years and months!) then I shall add it to my signature and see how much we can reduce THAT by too
(Husband has even agreed to downsize his car even if it may be a year or twos time and then we can either save that for lump payments or increase payments further!)

So yeah... Hi everyone

muddywhitechicken

Well done on becoming debt-free :T and welcome to MFW :wave:

Distiller

Welcome to mfw x Joining myself today

greent

Congrats on becoming debt free - and welcome to the mfw board x

fiona100

Wow and welcome. Sounds like you have done amazingly so far.


Cheers Fiona

MrsTinks

Well I've had 11 years of beating money matras into him LOL and I know we can cut back more, but we made a joint decision that we wanted to enjoy SOME of what we earn now whilst young enough, but also not cut our nose off to spite our faces.

The ultimate plan is to try and clear as much of the mortgage as possible and then buy property possibly in Florida or maybe even Europe, we shall see!
Ideally I want to be mortgage free a lot sooner than 13 years, doing it before I'm 50 is definitely possible without changing our lifestyle, what we may need to consider if if we send the sproglet to private secondary school when she's a little older or not... That would be the main change in my plans to be fair So best get as much paid off as possible before that becomes a reality!

louloubelle79

Welcome enjoy the journey

Secret_Saving_Squirrel

Good luck with all your plans. Sounds as if you are very organised and motivated.

erin_transport

Well done on your journey so far. You've done awesome!!

wishingthemortgaheaway

Ooh, exciting times ahead.

I hope you find a great balance between op the mortgage and enjoying your debt -free life.