We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Learning to walk before I run
Options
Comments
-
Don’t underestimate the impact of the job you hate - I know it makes Mr MV miserable, even at weekends. Keep hunting for that new role.Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days
'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway8 -
@themadvix - It is hard to be brave when you know you need a total change and you can't afford to make it! Need to keep plugging away with the OPs etc so that "what I owe the world" is more manageable.On that note, 13p cashback withdrawn from Chase and £35.06 OPed, making July 2025 the first month I've ever OPed over £1,000!Right! Back to work, hopefully the day holds no surprises.10
-
Great OP.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.6 -
That is a significant OPMade 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 !!5 -
That’s a huge OP milestone! Well done 😊👏
And sympathies on having to plug away at a job you hate …
KKAs at 15.07.25:
- When bought house £315,995 mortgage debt and end date at start = October 2039 - now £233,521
- OPs to mortgage = £11,338 Interest saved £5225 to date
Fixed rate 3.85% ends January 2030
Read 40 books of target 52 in 2025, as @ 29th July
Produce tracker: £227 of £300 in 2025
Watch your thoughts, they become your words.
Watch your words, they become your actions.Watch your actions, they become your reality.5 -
Those 13p's really do make all the difference in the end!
Do you think you're in a position where you could ease off on the retirement extras for a year or two to focus on the mortgage instead?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!!!5 -
Well done on the huge OP!4 YEARS 10 MONTHS DEBT FREE!!! (24 OCT 2016)(With heartfelt thanks to those who have gone before us & their indubitable generosity.)...and now I have a mortgage! (23 AUG 2021)New projection - 14 YEARS 10 MONTHS LEFT OF 20 YEARS (reduced by 15 mths)Psst...I may have started a diary!4
-
@South_coast - I could potentially do that but I'm not convinced it would move the dial?
By my reckoning, I'm paying c. £103 a month extra towards pensions at the moment (8% of my 4-weekly overtime of c. £650 and another £44 into AVCs every 4 weeks). That money is quite tax efficient (avoids it entirely, or comes back to me in the form of tax relief + adjusted tax code next financial year). That doesn't include sin taxes, but that's from my personal spends and not part of the big picture (well, until I retire). Most of my retirement planning is currently not quitting the job with the DB pension!
Unless I'm calculating it wrong, it could be almost 3x more valuable in the pension(s)?
Or was your thinking in terms of reducing the mortgage to allow for job flexibility?5 -
@edinburgher - I'm in the same boat with the DB pension - hate my current working environment, but don't want to loose the long-term goal of the pension!4 YEARS 10 MONTHS DEBT FREE!!! (24 OCT 2016)(With heartfelt thanks to those who have gone before us & their indubitable generosity.)...and now I have a mortgage! (23 AUG 2021)New projection - 14 YEARS 10 MONTHS LEFT OF 20 YEARS (reduced by 15 mths)Psst...I may have started a diary!4
-
@rtandon27- it's not great, eh?
I sometimes get advice along the lines of "you should just chuck it and accept a lower paid job". It's really bloody hard to turn down a pension which is worth more than a minimum wage job (with a salary tacked on)!6
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards