Any single people paid off their mortgage?

missyg_3

Yep that's very fair and I wouldn't want a lodger either - was just a suggestion

Good luck with your next job

Dithering_Dad

shawtj2 wrote: »

I also believe in only working monday to friday, I am 40 now, you get tired as you get older, I would have done it 22 years ago, but not now. My health is more important and my quality time is too.

I worked two jobs (my day job and then bar work in evening) and did loads of overtime to blitz my debts. I found that the overtime at work was way more tiring than the pub job - that was just a night out where you get paid and don't wake up with a hangover the next day!

While you wouldn't want to do it long term, having a couple of jobs will help you do a blitz on the mortgage. An evening job will also help you tick by while you find your next day job, allowing you to use more of that redundancy money on the mortgage rather than on day-to-day living expenses.

While not a single parent, I am a sole breadwinner (my missus doesn't work because she looks after our disabled daughter). We're lucky in a way because I have a higher than average income due to the business I started last year, but it is hard work having all this financial responsibility on my shoulders. Luckily, every time I overpay on the mortgage it reduces our outgoings just a little bit more. Eventually it will get to a point where I can get an ordinary job (and not have to work away all the time) and still afford to provide a good standard of living for the family.

Good luck with the job hunting and the mortgage overpaying!

Butterfliesarepretty

Dithering_Dad wrote: »

I worked two jobs (my day job and then bar work in evening) and did loads of overtime to blitz my debts. I found that the overtime at work was way more tiring than the pub job - that was just a night out where you get paid and don't wake up with a hangover the next day!

While you wouldn't want to do it long term, having a couple of jobs will help you do a blitz on the mortgage. An evening job will also help you tick by while you find your next day job, allowing you to use more of that redundancy money on the mortgage rather than on day-to-day living expenses.

While not a single parent, I am a sole breadwinner (my missus doesn't work because she looks after our disabled daughter). We're lucky in a way because I have a higher than average income due to the business I started last year, but it is hard work having all this financial responsibility on my shoulders. Luckily, every time I overpay on the mortgage it reduces our outgoings just a little bit more. Eventually it will get to a point where I can get an ordinary job (and not have to work away all the time) and still afford to provide a good standard of living for the family.

Good luck with the job hunting and the mortgage overpaying!

thanks for the suggestion but while job hunting, my evenings are important to me, my daughter comes to stay every other weekend, and I'd rather spend my evenings in the summer doing my garden or doing a job on my house. I could never work part time - its not in my make-up, I got a job at B Telecom in 1986 aged 18 after being made redundant in a job after six months. I found it tiring enough working all day, then driving home, so my weekends and evenings were important to me.

But then if I really could not get a job then I would do it as a very last resort. I'm not lazy or anything I do work hard but I do worry about working myself too hard, and making myself ill. I never have been the sort of person who was encouraged at school to further myself. I may actually do a night course maybe a nvq or something but in something I would enjoy. I'll have to see what happens first.

shinyredruby

I was in a very similar position except it was a little bit more drastic! I ended up using a quick sale company in the end.(decision homebuyers) It worked out really well for as I'm now renting. Really shouldn't have gone in for a mortgage so young really.xxxx

torbrex

I am single and will be mortgage free by early next year, I am 48 and not in any kind of relationship and have no plans to buy another home so I dont know how being MF will affect my future other than lowering my retirement age.

shinyredruby

I didn't make it with my mortgage. Was unprepared to take it on. Ended up selling up through decision homebuyers. They were lovely and I got a good deal,but it's just a shame i couldnt keep it going.

want2bmortgage3

i'm 26 and single in a 2 bed maisonette. mortgage is currently £101k, just over £600 a month. money is tight but i think it can only get easier, as everything else will go up with inflation, but the morgage will stay the same, and reduce as i overpay occasionaly.

happylife

have very little mortgage £15k on a house worth now, £200k

Hope to have this paid off end of next year before I'm 40 ..

I pay about £400 per month.. Around £100 interest and £300 capital.. but have upped this to about £600 to pay it off..

mah_jong

Single and now 50+ I took out a mortgage under RTB in 2000, as did some of married friends. Surprisingly I will have paid it all off in 2009 whilst both of their mortgages have increased as they did kitchens/bathrooms and conservatories and of course both couples have had good holidays abroad.

I have overpaid by taking lodgers as well as working 2 jobs. My plan once its paid off is to save the equivalent and do my kitchen and bathroom if I choose.

Life is about choices, perhaps they think they I am to be pitied not having 'fun and hols' or nice stuff, I don't know.

want2bmortgage3

is there anyone here who has paid off their mortgage and is still single???

i wonder what life is like, what do you get up to , do you still work?

i imagine you would have a permanent good feeling from being free of debt and being in the black, but perhaps also have a fear of what to do now.

i could see myself travelling and becoming more interested in art and history. i definitely dont think id be slaving away every day in a job that never changes!