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So close I can taste it …
BridgetTheCat
Posts: 215 Forumite
After 2 years of hard saving, a lump sum from one of my pensions and a little help from mum & dad, I’m now within spitting distance of paying off the mortgage. 🥳
Just need another 5k, which I should be able to save within about 6 months.
Just need another 5k, which I should be able to save within about 6 months.
This feels like the last lap and I’m ridiculously excited 🤣
6
Comments
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Good for you Bridget, hugh load off your monthly outgoings, now, be sensible with the 'savings' each month, give youself a wee holiday, enjoy the freedom.2
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Happy shiny new diary.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.2 -
Well done!! Being mortgage free is a great feeling!!!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
⭐️🏅😇🏅🏅🏅3 -
Well done, and enjoy the feeling of freedom.
I have a tendency to mute most posts so if your expecting me to respond you might be waiting along time!2 -
Well done!! 6 months will fly, looking forward to hearing how the next few months go!
Mortgage: £173,700 Sep 22 £159,000 Sep 25
MF Date: Sep 52 Mar 52
2025 Challenges:
EF #84 | MFW25 #51 | MFiT-T7 #5 | Pay off all your debts by Christmas 2025 #34
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The Plan:
1. Start receiving my oldest deferred DB pension on 1 Jan 2026 (application already in process)
2. Pay off mortgage by end of March 2026
3. Go from full time to part time work (0.6 or 0.5) on 1st April 2026; work P/T until at least end of March 2028
4. Swim more
5. Draw more
6. Study history
7. Visit the parents for 1 or 2 weeks at least 3 times a year
8. Have a winter sun holiday every year in January
9. Retire completely and receive the rest of my pensions by December 2029.
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Sounds like a good plan.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.1 -
Would p-t at work be flexible retirement? Do colleagues do similar? Might be worth sounding out employer early, some places can be quite resistant to it0
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No it’s not. The pension is from a previous job and nothing to do with my current employment. I’ve already checked with HR that this doesn’t fall within the definition of flexible retirement .edinburgher said:Would p-t at work be flexible retirement? Do colleagues do similar? Might be worth sounding out employer early, some places can be quite resistant to it1 -
10. Eat more cake 😂 👍BridgetTheCat said:The Plan:
1. Start receiving my oldest deferred DB pension on 1 Jan 2026 (application already in process)
2. Pay off mortgage by end of March 2026
3. Go from full time to part time work (0.6 or 0.5) on 1st April 2026; work P/T until at least end of March 2028
4. Swim more
5. Draw more
6. Study history
7. Visit the parents for 1 or 2 weeks at least 3 times a year
8. Have a winter sun holiday every year in January
9. Retire completely and receive the rest of my pensions by December 2029.I have a tendency to mute most posts so if your expecting me to respond you might be waiting along time!1
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