How old is everyone?

TOPAZ_2

I am 40 and hubby is 43 - We have 2 small kids (aged 1 and 5 ) I have only recently realised that I could afford to overpay - and so have only just started - we are planning to clear the £180k mortgage in 11 Years (currently 16 to Go) - 5 years early.

This site has been great at motivating me

I only really looked into it when I was speculating on whether I could retire early - better make sure I have cleared the mortgage

ailuro2

Me and my DH are both 38, been overpaying for the last few years, but only got serious about the lump sums when we started the Mfi3 challenge last year.

poppyoscar_3

OMG you're all so young!!!!!

I'm 47 in real life, but i still think i'm 19 inside!!!

PO xx

want2bmortgage3

I'm 26, and finally realised my future freedom is all down to being mortgage free, so most of my decisions are based on creating as much income as i can whilst reducing outgoings. I'm single but hope to find a partner in the next few years.

SPANIEL36

i'm 29 and in september i'll be 20-10

shirlgirl2004

I'm 38 and we have 2 small children (and 2 grown up ones!) . One will be starting at an independent school in September and the fees are £6,600 a year snd in another 3 years the youngest will go too. We decided it made sense to pay off the mortgage so that we didn't have to cut back once they're both at school. We owe about £59,000 and we hope to have paid that off in 2 years.

aliportico

I'm 37. 4 kids, 5 up to 11. We bought our first house when expecting the first one, and didn't extend the term when we moved. Have increased the mortgage a couple of times over the years for various things, but kept the term the same. Just over 13 years to go, but I want to get it paid a bit earlier as I don't suppose getting all of them through university/whatever will be cheap! I've not worked since having the kids but have recently started working part-time so now in a position to overpay.

Poppyoscar - they *are* young, aren't they! But then I thought you were too

Kavanne

We're 20 and only started our mortgage on Tuesday..

Already phoned to activate offsetting to overpay but still have access to the money!

adiwood

Im 23 currently paying £595 (half my pay) on my mortgage. Bought the flat for 97k May 2007 and now owe 95'985k after paying the max amount I can every month. :j

HC_2

I'm quite envious of you 20-somethings. I just wish Martin and co. had been around when I was that age. He might have knocked some sense into me.

It took my husband and me almost 20 years to reach our moment of enlightenment - take charge of our finances, stop overspending, prepare for the future.

We were paying thousands every year in interest on our overdraft and credit card debts, our heads in the sand, until we remortgaged (our fixed rate came to an end) and we finally sorted ourselves out, once and for all.

We had no excuse. The early eighties were a great time for lots of people - but we didn't save, just spent... and on nothing in particular. No exotic holidays, no Porsches. Where did it all go?

So, good for you, you young 'uns. Get those mortgages paid off. We've been straight (in the debt sense, not the criminal sense) for a good few years now and it feels so good to say we are debt-free and hoping to pay off the millstone of our mortgage later this year.