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I had no idea we were in debt!

SurprisedByDebt · 2022-02-01 12:08:56

So myself and my husband have been together for 16 years, he has always dealt with the banking. I would always budget us for the month, laying out all our bills, savings and spare spends for the month. In September of 2021, he confessed to getting loans behind my back. I though we were in around 20 grands worth of debt. I…

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EssexHebridean Posts: 24,421 Forumite

2 February 2022 at 11:59AM

Still budgeting something for "fun" was precisely how we dealt with our mortgage - overpaying to get shot of it in 13 years not 25. Had we put everything into it from the start in theory we could have paid it off far faster, but actually I suspect we'd have just reached a few years in and been so sick of the whole thing we'd have reverted to contractual payments only.

🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25

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I had no idea we were in debt!

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