LJ's Mortgage free road to early retirement

Little_Mama

All the best to you Louise.......I'll still be here plugging away in 12 months so look foward to seeing you then

gallygirl

We'll still be here waiting for you...

in a non-stalker kind of way obviously

Take care x

LouiseJ

Jorgan wrote: »

Sorry to hear things are on hold, just looked at your thread for the first time in a month and you drop that bombshell. Hope things are ok. Remoska cooker eh? Been doing some reading up on these yesterday, are they as good as a lot of people claim?

Well I have managed to feed a family of for for two months now and havent had to use my conventional oven once:A

EssexHebridean

Hope everything is OK and sorry to hear you've got to put a hold on the OP's for the time being.

All the very best to you.

LouiseJ

OK you lot are going to think I am totally Nuts:o

My crisis appears to be over. To cut a VERY long story short.........

My OH was going to be made redundant, then he wasnt, then he put in for voluntary redundancy anyway, that was refused, he was going to leave work and somehow we would manage, now he has changed his mind and decided to stick it out and overpay as much as possible until the place closes (which is pretty likely)............soooooo

We are going to overpay as much as possible on the mortgage while simultainiouly building our instant access savings to at least 6 months worth of income.

I am stopping all contributions to the Stocks and Shares Isa for the time being (I nearly died when I saw how much they have dropped in value) and the money is going into our Isa instead.

We are cutting back as much as possible while still having some life but looking at our finances (including my new salary) it looks like we will be able to overpay around £500 a month.

You still think I am nuts dont you???:rotfl: :rotfl:

jinky67

in a word
YES lol

LouiseJ

jinky67 wrote: »

in a word
YES lol

ITS THE STALKER WOMAN:eek:

jinky67

LouiseJ wrote: »

ITS THE STALKER WOMAN:eek:

ha ha ha ha ha
you're the stalker lady:D

Little_Mama

Good to see you back on track.....all the very best with your plans.

LM

StuartGMC

LJ
Good to hear of the new plans; obviously OH needs to weigh up the redundancy payment (which you realise depends on the company simply choosing to make cuts, you could lose out if the company goes bankrupt) and possible new job which I assume he is already looking for?

Anyway, yes S&S ISA have been hit hard (we're down 53%) but if you are leaving for 5-7 yrs should recover (famous last words!). Take care with the impact on any benefit options related to OH by way of savings and also deliberate reduction in assets. But I would expect if you still hold savings then the extra OP whilst in work shouldn't be a problem.

Fingers crossed for a brighter prospect in the next few months.