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Mortgage-free by 33? (2023)
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Nearly 11 months on. We have a baby boy now - nearly 5 months old! Managed our usual overpayment still so mortgage balance is now 33,861.75. Unsure what happens next. I would like to return to work part-time, after we previously decided I'd be a SAHM for a few years. I think when you've been working full-time for so many years, it's hard to stop work completely - not just the financial side but the people you've worked alongside for so long. My current place is just not parent-friendly - if I go part-time I'm still required to do evening overtime and weekends (same as partner, so nobody to do childcare!) so I'm feeling a bit unsure of my options at the minute.Mortgage started 2015: £150,000 2016: £130,000 2017: £116,000 2018: £105,000 2019: £88,000 2020: £69,000 2021: £51,195 2023: MORTGAGE FREE!1
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Congratulations on your baby boy.
Well done on the OPs.
With regards to work - when do you have to decide? Do you have to go back for a while to avoid repaying maternity pay? Have you looked at other things you fancy doing?Achieve FIRE/Mortgage Neutrality
1) MFW Nov 21 £202K now £165K Equity 38.88% 6/9/26
2) £1.5K Net savings after CCs 29/8/26 (but owed £130) so £1.6K
3) 47/82K @29/8/26 = 57.31% AVC Goal by mid 20280 -
Wow, realised I haven't updated in a year. Completely missed your post, savingholmes - sorry about that.
I did end up returning to my original company, part-time. Family help with childcare currently. It's only planned as being a short-term thing, so still not sure what I'll do next. I might stay until we are ready for another child (stopping at 2). So far I haven't been asked to work any evenings, but I do work every 3rd weekend.
In other news...
WE ARE MORTGAGE FREE!!
🥳Mortgage started 2015: £150,000 2016: £130,000 2017: £116,000 2018: £105,000 2019: £88,000 2020: £69,000 2021: £51,195 2023: MORTGAGE FREE!2
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