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Clearing 241k in 5031 days - let's go!
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Hi @Lily80 wishing you the best of luck. I like how you've broken it down into days - now I'm heading off to work out how many days I'm aiming for... Thanks for the inspiration
_epMortgage | Started Oct 2020 £235,875 | Now Dec 2023 £215,439
MFW | Dec 2035
Premium Bonds £6275 | Investment ISA £1775 | Ready Access Savings £488 | Moneybox £3539
My Mortgage Free Wannabe Diary0 -
pjcox2005 said:Great challenge but with an interest so low, then I'd suggest making sure you have a balanced saving plan rather than just paying off a mortgage. Make sure you're contributing properly to a pension for example, saving into higher rate accounts and potentially investing for long term. With either tax incentives or savings rates you'd historically always be a lot better that way and will mean you can pay off the mortgage quicker.
Good luck though.
I'm paying into my pension0 -
Cornish_mum said:Hi Lily we started at 250,000 so I know how you feel! Our current repayment is £ 1096 & 16 years left but I am secretly hoping we will be done by Feb 2030.0
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Every_penny said:Hi @Lily80 wishing you the best of luck. I like how you've broken it down into days - now I'm heading off to work out how many days I'm aiming for... Thanks for the inspiration
_epI'm an accountant so anything with a number behind it keeps me happy - not for everyone i know
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