Thirty something dreaming of not paying mortgage

joshiesaunt

Good idea.  I think the only thing they say not to get second hand is the cot mattress and car seat.  The Nct sales are good for baby things.  Dr Miriam Stoppard did a lovely week by week pregnancy book - the library might have it.  Muslins  are a great buy too; mop up baby sick, spills, use as a bib, emergency nappy - the uses are endless.  I still have some now I use to clean the floor and my son is 15!😆

Mrs_Money_Penny

Congratulations x

bubblycrazy

Congratulations! x

kaycastle

joshiesaunt said:

Good idea.  I think the only thing they say not to get second hand is the cot mattress and car seat.  The Nct sales are good for baby things.  Dr Miriam Stoppard did a lovely week by week pregnancy book - the library might have it.  Muslins  are a great buy too; mop up baby sick, spills, use as a bib, emergency nappy - the uses are endless.  I still have some now I use to clean the floor and my son is 15!😆

Ooh yes definitely get those new, thank you. There are a lot of places that will fit car seats for free as well by employees who have done a course like at charities and insurance companies.

I signed up to something called Emma's diary which has tons of vouchers and gives you a weekly update on what's going on, you get a free pack of things too which I haven't organised yet

The Muslins sound perfect, I want to try to be good for the environment where I can.

It's so exciting I'm just like woah there are lots of things to get even if you are being sensible about it. 

debtfreeoneday

Aww congratulations. What lovely news x

taka

Congratulations! 🍰🍼🍰

kaycastle

Thanks all

Been thinking a lot about what plans to make for the next few years. Thinking quite early about them as kind of need to make some of these decisions early.

I originally planned to keep up overpayments during maternity. I saved enough for this and for the period when we only have one salary.

But I've been thinking about how I really don't think I would want to go back after a year maternity as I don't want to miss out on those early years. It would mean having to stop the overpayments and I kind of need to start diverting that to savings now if that's what I wanted to do.

But then I've also been thinking about all the amazing adventures I could give the family with mortgage freedom when a bit older.

Then I've been wondering what if I do feel differently and fine to go back after maternity, I would have wasted all the overpayment time. But I'm pretty sure I won't want to

Probably need to do some scenarios

joshiesaunt

It’s a big and difficult decision.  I felt the same when I was pregnant but when baby arrived I was ready to return to work (for a break!) after a year.  I was then part time for most of the primary years so I could do pick ups etc.  It has had an impact on my career progression and also on my pension which I didn’t appreciate fully at the time.  

I suppose it depends how flexible your job is, whether you like it, have to travel etc.  Also think about security for yourself and baby should anything go pear shaped with your relationship (hopefully not!). 

kaycastle

joshiesaunt said:

It’s a big and difficult decision.  I felt the same when I was pregnant but when baby arrived I was ready to return to work (for a break!) after a year.  I was then part time for most of the primary years so I could do pick ups etc.  It has had an impact on my career progression and also on my pension which I didn’t appreciate fully at the time.  

I suppose it depends how flexible your job is, whether you like it, have to travel etc.  Also think about security for yourself and baby should anything go pear shaped with your relationship (hopefully not!). 

Thank you, I'm very much thinking my career progression will be massively affected too. It kind of feels like we have to go back to work just as baby is getting to a super exciting stage.

I also think if I'm being less selfish my kids will probably more remember the awesome things we could do when they are a bit older compared to more time spent with them as a baby. And we could do more awesome things with no mortgage/severely reduced mortgage. And I also can't deny the fact that we would really need a loft conversion for a 3rd bedroom at some point and that will be quite hard to save for without my salary.

Decisions decisions.

Baileys_Babe

Do you have any ideas how much childcare costs are in your area? From memory, they would have taken a huge chunk of my pay.

I have no idea what field you work in, would it be possible to work part-time and or compacted hours, we did a combination of the two to reduce our need for paid childcare.