Wednesday, January 07, 2009
Money Off Mortgage
I managed to pay £1000 off the mortgage yesterday. It is a great feeling that even after Christmas with some extra spending that I can afford to do this. We still owe £83776.52 and are way off target for paying of by the end of 2012 but I still see it as a step in the right direction. Work is a bit quieter now too, but I have some ongoing stuff which should help. I have just calculated that I need to pay off £1745.34 a month to reach my target. That is a tall order but if my husband keeps getting put on call and making a little extra that way, my income continues to be good and interest rates stay low or even fall again, we should be doing well.