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Mortgage Nearly Paid Up!
MancBrel
Posts: 223 Forumite
In 3 months I will have cleared our mortgage (13 years early).
I am now spending my 'pondering time' thinking about what to do to make best use of my money. Our regular mortgage payments were about £400 a month (excludung the bigger chunks we used to lob off the term). So I am now thinking about using this money to make money!
What are my best options? Bonds? More Savings?
Cheers
Ps. I am planning to blow a months payments on the celebrations as well! Ideas?
I am now spending my 'pondering time' thinking about what to do to make best use of my money. Our regular mortgage payments were about £400 a month (excludung the bigger chunks we used to lob off the term). So I am now thinking about using this money to make money!
What are my best options? Bonds? More Savings?
Cheers
Ps. I am planning to blow a months payments on the celebrations as well! Ideas?
0
Comments
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Just wanted to say Congrats, unfortunately I haven't been able to star riding myself of mine yet and admire all of you who have managed it.0
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My rule of three !
1 fill your cash ISA each year thats £300/month x2 if OH ?
2 pension cos the nice government gives me my tax back 20% or 40%
3 spend the rest on things you want but have put off because you have
been to busy clearing the mortgage. New car, long holiday , new hobbies etc
well done and GOOD LUCK0 -
congratulations!:T I managed to pay mine off last month ,11 yrs early ,and it's a wonderful feeling. I've done exactly what dimbo61 suggests. So now enjoy......................0
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well done you must feel great i can't wait till mine is done!! i have got many years yet!!0
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Thanks Everyone for the kind words!
The final payment happens to fall on the day I go and see Morrissey in Hyde Park. That will be celebration enough, so I might bring it forward a month and pay it off in early June. I want to go in the Building Society, pay it off and then hit the town!0 -
Congratulation on nearly paying off your mortgage. 13 years that is great.
I would have a go at Match Betting £400 would be a nice start, I made £1200 in two months so a good investment and risk free.Moved to Denmark for FIRE by Aug 2025 “May your decisions reflect your hopes not your fears”
New diary aiming for fire https://forums.moneysavingexpert.com/discussion/6414795/mortgage-free-now-aiming-for-fire#latest0 -
Thats a brilliant achievement-well done you:j0
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Bonbon- get yourself onto the mortgage free roll of honour!Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.0
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