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Beating Lifestyle Inflation and Staying Mortgage Free!
Comments
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Back to work for me last week up here in Scotland, so haven't updated as just so busy.In summary I have
-gone through budget with DH to get an overall household cost per month.
- DHs personal costs were eye watering (to me).
- I decided that I was not going to fund his lifestyle anymore,
- we split only household costs and kids costs down the middle. If he wants to keep working forever that's his decision. With my health I'm all in for retirement asap.Result is that I only need to find another £300 per month extra for the next 5 years and I can retire. Give up my car and it will be even sooner!
in DHs defence, household costs were split evenly and we designed it that way. But kids costs have kind of crept up and up- gym memberships, clothes etc it all adds up. I just added them to my account and for the last 10-12 years they have been paid by me and they are expensive!So I'm doing 2 things at the moment, building up my walking fitness for a walking holiday with friends in October, and building up my ability to cycle commute by November when my car goes back - longest daily cycling will be about 20 miles.Thanks so much for reading and replying it means a lot to have encouragementVery Happy Earthgirl 🙌Save £20,000 in 2025. April 2k, May 3.5k4 -
Ooh, £300 for 5 years sounds very do-able 👍! I can see why you're chuffed with that. Would you want to go sooner if you can do more than £300, or does 5 years feel about right?Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!2 -
Agree with you. Also wondering if you would go as soon as you could? Life being to short and all thatSouth_coast said:Ooh, £300 for 5 years sounds very do-able 👍! I can see why you're chuffed with that. Would you want to go sooner if you can do more than £300, or does 5 years feel about right?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.1 -
Oh & hope neurologist appointment goes well.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.2 -
Me too!5 years = 60 months. Start the countdown!NST March lion #8; NSD ; MFW9/3/23 Whoop Whoop!!!0
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60 months does not sound to long at all.
I started an account and put saved or free money in it as a bid towards retirement. It will now fund one month in retirement!Made it to mortgage free but what a muddle that became
In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!1
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