Thread: Good news

Good Stuff

That is just the best feeling and gives one security.

I just cannot understand the current trend to keep piling more debt on one's mortgage.


Well done

Goodonya mate. Its worth shouting out about.

It must be a fairly fancy out house if you took out a mortgage on it!

I once had a dunny at the bottom of the garden with a gold-plated seat which was nicked from a hotel, so the overall value of the establishment still wasn't more than a few quid.

Isn't that just the best feeling?

Cheers
SAISAY

Congrats - not an easy task especially in the current climate.

If you can, if only for a brief time, continue to save the normal repayment. When you then make some major purchase - cash talks loudly.

Good on you!!! It would be interesting to know after a year or so how your decisions in life have changed after being free of that debt?

If I were in that position today I would salary sacrifice that same amount of money, it would be a far better investment than any house. When we dropped out of private health insurance many years ago we saved that same amount and I couldn't believe how quickly it accumulated.

Thanks guys, it's taken me a few days to get my head around the fact that I don't have to scrimp and save to pay the mortgage, for the last year we have been putting every cent into the loan because my wife is possibly on the qld cut list, so we needed to get out of one of our debts, and we had a tax return windfall that allowed us the luxury of paying it off 2 months earlier than we thought.

I just cannot understand the current trend to keep piling more debt on one's mortgage.

That's always been my view, although if you are desparate, it's an easy way to get something. I had the opportunity to do just that when I bought the new car when my wife got sick, but chose to have a second loan, it made it a little more difficult, but it gave me peace of mind knowing that I could only lose one or the other if things went bad.

Woodwould
It must be a fairly fancy out house if you took out a mortgage on it!

I once had a dunny at the bottom of the garden with a gold-plated seat which was nicked from a hotel, so the overall value of the establishment still wasn't more than a few quid.

Not exactly a dunny, but not a mansion either.

Bob38S
Congrats - not an easy task especially in the current climate.

If you can, if only for a brief time, continue to save the normal repayment. When you then make some major purchase - cash talks loudly.

It's been a struggle, but now the plan is to pour all our excess money into the our car loan, then after that, the house needs to be painted, a new kitchen and various other maintenance issues to be addressed.

Chris Parks
If I were in that position today I would salary sacrifice that same amount of money,

I'm not really in that position, so a second bank account is on the cards.

Robert