Powers’s mortgage free thread

savingholmes

Love your adventure list in particular!

powerspowers

Mortgage balance £92,696 with £750 in the OP pot, I think that means I can say we owe £91k! 

Dreaming of it being gone and future adventures 💭 

savingholmes

Definitely start pricing up your bucket list and working out when you can do what... Hopefully that then motivates you to keep going - and some you can do along the way.

powerspowers

First overpayment of the year 👏 £75 which we had as a refund from some delayed train travel. This is on top of the overpayment savings account which currently stands at £1000. Slowly but surely getting there. 

No shortage of adventuring at the moment building up towards a big scout adventure in May 🚴 🏕. Lots of plates spinning at the moment. 

We have a rough plan of having a gap year when Youngest boy leaves school (so in 7-8 years) which ties in with when we’re working towards slaying the mortgage. Plus working towards an early retirement date for me so I can finish at the same time as T who is 10 years older than me. 

More short term, we’re in early stages of planning a summer train adventure with the boyos. So lots to look forward to. 

savingholmes

Those all sound great plans. Well done on the OP - and your savings total.

powerspowers

Mortgage balance £91,790  with £1250 in the savings pot. The 80s feel within reach!! 

T is job hunting at the moment and a drop in salary is a likely possibility although he’d save a lot in commuting costs and regain hours in the day. Feeling lucky/vindicated in our decision to not have a massive mortgage that lets us make a real choice. The moneys been nice but it’s now threatening his health and that won’t do. 

Happy weekend wannabes, we’ve got quite a relaxed one planned x

savingholmes

Health is definitely the priority. Best of luck to T on finding a good role.

Well done on the mortgage. Great progress.

Aimingforthegoodlife

Hi @powerspowers just caught up with your diary, great end to 2023 and wonderful progress so far in 2024! So close to the 80's now! Am loving the mini adventure part of your plans, fabulous idea!

powerspowers

thanks Good life! Definitely in the 80s with the offset pot. 

We had a refund from gas & electric credit of £106 so put that plus the usual amount we’d pay for utilities towards the mortgage- £250 total. They’ve adjusted the amount to something more realistic going forward. 

Just got back from a fab half term adventure cycling in the Netherlands, it’s been absolutely amazing and I’m so proud of everyone involved. Im looking forward to a bit of a rest although already started plotting and scheming for future ventures. 

Have a good Wednesday wannabes x

savingholmes

Well done on the cycling - I assume it was reasonably flat where you were which can help.