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Mortgage free in Forever Home :-)

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  • debtfreewannabe321
    debtfreewannabe321 Posts: 9,366 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Oo nice two weeks off. Hope tomorrow morning goes swiftly so you can get into holiday mode!
    MORTGAGE BALANCE when we moved Aug 2024, £120,000. January 1st £118,267.06. May 1st, £116, 123, June 1st, £115,536, New mortgage added for extension- £165,000 July 1st!
    Mortgage Overpayments - September-December, £152.46. J- £103.27, F- £115, M- £91.50, A- £100, M- £200, J- £200. J- £200.
    Total- £1162.23
    Goal pay off 1% of current mortgage in 1 year. £1200. (96.83% there)

    EF- first goal £300
  • SandyShores
    SandyShores Posts: 1,967 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Enjoy your two weeks Kajikita.  I always say the first week is when I'm winding down and then the second week is when I start to truly relax.  I think if I ever managed a 3 week break again, when I got back to work I'd have completely forgotten how to do my job.
    "Think of many things, do one"
    Mortgage 30 Jul'25 est. £209,749 £309,749 (aiming for sub-£200k next)
    Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga 

  • Watty1
    Watty1 Posts: 6,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Wishing you a joyful 2 weeks.
    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 !!
  • skint_spice
    skint_spice Posts: 13,409 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hope today flies by!
    Mortgage OP 2025 £6200/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £36,255

    Money making challenge £0/400

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • beanielou
    beanielou Posts: 95,562 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    By the time you read this you will be on holiday. Happy holidays. 
    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.
  • Brie
    Brie Posts: 14,762 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Welcome to 2 weeks of freedom!! 

    It was one of the mixed blessing of working in the finance industry that you HAD to take a full 2 weeks off every year.  No one was WFH or had laptops so if you were fiddling the books whomever was doing your role while you were away were likely to notice (unless they were involved of course).  Don't think I've ever worked at a firm where there wasn't some embezzling going on in one form or another.  Generally fairly minor but it does add up.  
    I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards.  If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts 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 and not the official line of MoneySavingExpert.

    Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board:  https://lemonfool.co.uk/financecalculators/soa.php

    Check your state pension on: Check your State Pension forecast - GOV.UK

    "Never retract, never explain, never apologise; get things done and let them howl.”  Nellie McClung
    ⭐️🏅😇
  • redofromstart
    redofromstart Posts: 5,837 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    Happy holidays KK!
  • greenbee
    greenbee Posts: 17,792 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Brie said:
    Welcome to 2 weeks of freedom!! 

    It was one of the mixed blessing of working in the finance industry that you HAD to take a full 2 weeks off every year.  No one was WFH or had laptops so if you were fiddling the books whomever was doing your role while you were away were likely to notice (unless they were involved of course).  Don't think I've ever worked at a firm where there wasn't some embezzling going on in one form or another.  Generally fairly minor but it does add up.  
    That's an interesting justification for it! 

    I had a boss who made me take a two week break years ago - I hadn't been taking proper holidays since I'd been promoted as I didn't have any staff (lots of contractors/matrix team work but no one who could do my work) and he made clear that he felt it was important to have a proper break. He was right. So I'm busy nagging my US-based team to take proper holidays - none of them have taken 2 weeks since graduating! Having said that, since working for this employer, I haven't taken two weeks off, and last time I took a week one of my stakeholders was fired (not before time) and my team had to cope with it... which they did, but it was quite confusing reading my mailbox when I got back!

    Enjoy the break KK :) 
  • Brie
    Brie Posts: 14,762 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    greenbee said:
    Brie said:
    It was one of the mixed blessing of working in the finance industry that you HAD to take a full 2 weeks off every year.  No one was WFH or had laptops so if you were fiddling the books whomever was doing your role while you were away were likely to notice (unless they were involved of course).  Don't think I've ever worked at a firm where there wasn't some embezzling going on in one form or another.  Generally fairly minor but it does add up.  
    That's an interesting justification for it! 

    I had a boss who made me take a two week break years ago - I hadn't been taking proper holidays since I'd been promoted as I didn't have any staff (lots of contractors/matrix team work but no one who could do my work) and he made clear that he felt it was important to have a proper break. He was right. So I'm busy nagging my US-based team to take proper holidays - none of them have taken 2 weeks since graduating! 
    Do your American colleagues get more than 2 weeks holiday?  The majority don't so taking the full year's holiday in one go might be a bit of an issue.  

    The 2 week thing in finance is down to Nick Leeson's derivative trading trickery that caused Barings bank to collapse.  Because there weren't enough controls in place he was hiding dubious trades that escalated into millions lost and caused tremors throughout the international finance.

    (best explanation I ever heard of a derivative trading crash is to imagine your local pub let people buy their drinks on credit.  So no one is paying for drinks which means the pub is short of money and so the pub sells their "tick" book as an asset to an investor.  The investor bundles this up with lots of other tick books they have bought and then trades this on the financial markets as a derivative, an asset based on underlying assets.  Because it is based on alcoholics not paying for their booze there's actually no real value underlying the investment and it crashes leaving everyone unhappy except the drunks and the pubs.)

    I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards.  If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts 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 and not the official line of MoneySavingExpert.

    Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board:  https://lemonfool.co.uk/financecalculators/soa.php

    Check your state pension on: Check your State Pension forecast - GOV.UK

    "Never retract, never explain, never apologise; get things done and let them howl.”  Nellie McClung
    ⭐️🏅😇
  • Twolabsandacat
    Twolabsandacat Posts: 36 Forumite
    10 Posts
    Happy holidays KK  :)
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