I have had quite a lot of experience now of trying to get out of debt by paying off my mortgage early. It has made me realise what hard work it is and I feel especially sorry for those people who have massive debts, small incomes and no left over cash for luxuries. I do find myself wishing that I could afford to buy some new clothes and I am lucky that if I really wanted some, I could just forget paying some extra money off the mortgage and get some.
I also realise that I am very lucky being self-disciplined. I know that many people would be tempted to just pay the £66,000 extra interest and not bother to get the mortgage paid off early. This saving in interest is what really keeps me motivated and I can imagine the feeling of relief when the debt is gone.
I was thinking the other day about what I wanted for the future and I would love if my husband could be at home with me all of the time, take his share in the child care and household chores, we could do more things as a family and he could even start up his own small business, which is something he has always wanted to do. Hopefully if we clear the mortgage we will be in a position where we will be better able to allow this to happen.