We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Life after mortgage free
MortgageNoMore
Posts: 7 Forumite
A few years ago I posted about becoming mortgage free. I planned to stop carrying on that thrifty mindset but I decided to aim first of all for a target of £50k savings post mortgage free and then that became 100k. Now a few years later it should be heading towards 250k by the Autumn. With interest rates changing I should be able to get a few hundred pounds per month in interest from the banks (a similar sum, I used to pay them for a mortgage). Be disciplined, aim for your financial goals because it accumulates and knowing I could sell everything and have options without feeling chained to a specific job, takes the sting out of a typical 9-5 grind every single day of the week.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.8K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards