26 Feb 2015

Should I pay off my mortgage? Discussion area

A question about : Should I pay off my mortgage? Discussion area

I think their are two biggies not included in this basic model that should be highlighted:
1) Tax credits
If you are on tax credits and earn more than Ј300 interest per year (outside ISAs) then the interest will result in a withdrawal of tax credit at the rate of 41p in the Ј on top of any tax on the interest so an effective rate of 61% for basic rate tax payers!!!
2) Re-mortgaging

26 Feb 2015

ATB's Ј171k quest begins.... NOW!

A question about : ATB's Ј171k quest begins.... NOW!

Hello fellow MFW'ers,

Well this is my first proper post on this board, I flitted onto it many years ago but then life, two children and two businesses managed to take over!

My title says it all really! I have been inspired by many of the wonderful posters on this board, and am applying my philosophy of reaching for the moon, if I fail I will land amongst the stars to my mortgage. A little about me and my aims:

26 Feb 2015

CathT's attempt at being MF!!

A question about : CathT's attempt at being MF!!

Hi all,

Originally came across this forum and had the idea of OP in the short term while interest rates so low but have been so inspired to make being MF a realistic goal.
Initially was inspired by Financial Bliss's diary and then read many others taking in lots of tips and posting the occasional comment.

26 Feb 2015

Countdown to Freedom

A question about : Countdown to Freedom

A new diary as we enter the last two months of 2011. I have been lurking for almost a year and have found so many of you inspirational, particularly Billy, Michelle, Radish, and Museum Worker.

A bit of background I am married to a great man, two kids who are growing up too quickly, two cats and a dog! Never a dull moment in our household as you can imagine.

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