Background: Our goal is to be financially independent by December 2020; being mortgage free is part of that goal and every month I track our progress.
October mortgage update:
- Original mortgage: £138,485
- Outstanding balance: £116,291
- Paid off to date: £22,194
- Monthly payment: £542.34
- Monthly overpayment: £57.66
- Mortgage reduced by: £504.96
- Actual time left: 237 months
- Completion date reduced by: 8 months
- Time left to complete our goal: 122 months
Receive free updates from Move To Portugal by clicking on the link here
{ 1 comment… read it below or add one }
Best of luck. We have a similar goal to be financially free and update our progress each month on a big whiteboard that sits on the fireplace mantel. As I am sure you have found, seeing your progress as it happens is a huge motivator to keep moving forward.
-Ryan
[Reply]