Forever hopeful MFW 2026

try_harder

I thought i would pop in and look at your diary ,i can see that we are definitely very similar both in our emergency savings and in our goals .Good Luck to you too .

postmenopause

Just read your diary…..morgage free at 47….wow, i really wish we had your drive and instead of wasting money on crap we put it towards paying off our morgage.  Well done you 👏👏👏

postmenopause

postmenopause said:

Just read your diary…..morgage free at 47….wow, i really wish we had your drive and instead of wasting money on crap we put it towards paying off our morgage.  Well done you 👏👏👏

(Sorry im too new to edit my posts).  What I meant was i wish in the PAST we had your drive to pay off our mortgage so we could have it paid by now.  Oh well we are on the right path now XXX 

smetf

Hi MFW2026,

Good luck with your journey. We got our mortgage when I was 21 too, and have moved (4th house now) and done extensions etc. It's only really the last couple of years we've really started focussing on reducing the mortgage. I haven't found a clever way to adjust the mortgage calculator, I tend to just do estimates of what the balance will be with 10% overpayment.

Smetf

Nurse2047

Thankyou everyone. Your all doing great and on this forum so you are on the way to financial independence. Our house needs a lot of work on it (new kitchen, bathroom) none have been replaced since before we bought it- I’ve even had a hole in my kitchen ceiling for 10 years... I need to at some point also divert money into DIY and getting these jobs done  but everything so damn expensive. Decided this will be our forever home. I’ve learnt yes it’s small and rugged 😂 but it’s ‘enough’ taken me a while to accept and truly believe that. Rather than move to a bigger house and paying a mortgage until I’m 70 I want my money from life energy in later years spent of enjoying myself and not working forever. 

I’m reading a good book at the moment (your money or your life by V.Robin). It struck a cord when it says are we working for a LIVING or working for a DYING? Are we working extra hours or in a job we hate to  fulfil our dreams of luxuries (new cars every few years, new clothes all the time, fancy holiday) or to not have those things and enjoy retirement. Made me realise I don’t need all the luxuries and diverting that cash into the mortgage to have that financial independence with no mortgage to pay when I’m older and less stress worrying about how to pay it when older is a lovely feeling of security. 

Poor dad rich dad is also another great book I’ve read recently and next in my list is mind over money by C.Hammond. 

killerpeaty

Have you considered trying to fix the hole in the ceiling yourself? I have found that YouTube is very good for helping with that kind of thing. It may not be perfect but you might be happier with it than you are now.

Good luck! Look forward to keeping up with your progress!

try_harder

Keep reading , i have read so many great books that have really helped me to stay motivated and i have learnt such a lot from them too ..Keep up the good work !

try_harder

I was just thinking about you ..How is it all going ?

Nurse2047

Sorry for some reason notification just came up for your message 🙄 

March £79,587.47 - 16yrs 3 months left

Hoping to overpay the 10% annually now until 2026 and save up what will be outstanding- approx 30k or get offset for remainder of mortgage. 

Gonna be tough now with inflation and everything going up in price. 

In two minds also re moving or staying put. Being MF would be amazing however 3 bed terrace feels so much smaller now both kids off to high school. 

Aim is to continue to OP and do the house up and decide later in the year. 

I’m happy that between this month and last month the OP took off 7 months off the mortgage 👍 Seems to be speeding up now which is really motivating. 

Been following your diary. You are doing so well!

Sistergold

Wow 7months down! That’s a HUGE achievement!