CaptCaveMan

Quick update, we took the plunge with option 1) and paid £40k off the mortgage today, a bitter sweet moment!

In the past 13 months we've more than halved the mortgage but at the same time utilised a large part of savings to do so, stack remains untouched and will keep adding as it's another savings plan, although primarily aimed for the kids...
 
A step closer to being mortgage and debt free.

Quick update, we took the plunge with option 1) and paid £40k off the mortgage today, a bitter sweet moment!

In the past 13 months we've more than halved the mortgage but at the same time utilised a large part of savings to do so, stack remains untouched and will keep adding as it's another savings plan, although primarily aimed for the kids...
 
A step closer to being mortgage and debt free.

Yep... took some explaining to the Mrs though Dave 😆

We've knocked off 5 years already, fixed for another 5 at under 4% 👍  I give the thumbs up as I still see under 4% as cheap compared to historic rates...

With 10% overpayments per annum, we're aiming to clear it by the time it expires then switch what would have been repayments into savings/investments so will easily be saving £000s as the overall term will be reduced by 10 years before even considering anything we can put away in those years.
Still no better off (today) and there's still a noose but light and tunnel spring to mind for our future selves.

... now back to the hobbie, what's the latest Gold deals around here 😎

Yep... took some explaining to the Mrs though Dave 😆

We've knocked off 5 years already, fixed for another 5 at under 4% 👍  I give the thumbs up as I still see under 4% as cheap compared to historic rates...

With 10% overpayments per annum, we're aiming to clear it by the time it expires then switch what would have been repayments into savings/investments so will easily be saving £000s as the overall term will be reduced by 10 years before even considering anything we can put away in those years.
Still no better off (today) and there's still a noose but light and tunnel spring to mind for our future selves.

... now back to the hobbie, what's the latest Gold deals around here 😎

Yep... took some explaining to the Mrs though Dave 😆

We've knocked off 5 years already, fixed for another 5 at under 4% 👍  I give the thumbs up as I still see under 4% as cheap compared to historic rates...

With 10% overpayments per annum, we're aiming to clear it by the time it expires then switch what would have been repayments into savings/investments so will easily be saving £000s as the overall term will be reduced by 10 years before even considering anything we can put away in those years.
Still no better off (today) and there's still a noose but light and tunnel spring to mind for our future selves.

... now back to the hobbie, what's the latest Gold deals around here 😎

Well done, it's not sexy and you don't see the reward today.    On that day you become mortgage  free say to the wife if we had not over paid we would be paying X amount per month for the next 9.5 years or something like that. It's only when you realise you have won twice, not paying the mortgage for years and the compounding interest you save can easily be £10,000's.
 
 
 

Quick update, we took the plunge with option 1) and paid £40k off the mortgage today, a bitter sweet moment!

In the past 13 months we've more than halved the mortgage but at the same time utilised a large part of savings to do so, stack remains untouched and will keep adding as it's another savings plan, although primarily aimed for the kids...
 
A step closer to being mortgage and debt free.

Quick update, we took the plunge with option 1) and paid £40k off the mortgage today, a bitter sweet moment!

In the past 13 months we've more than halved the mortgage but at the same time utilised a large part of savings to do so, stack remains untouched and will keep adding as it's another savings plan, although primarily aimed for the kids...
 
A step closer to being mortgage and debt free.

Quick update, we took the plunge with option 1) and paid £40k off the mortgage today, a bitter sweet moment!

In the past 13 months we've more than halved the mortgage but at the same time utilised a large part of savings to do so, stack remains untouched and will keep adding as it's another savings plan, although primarily aimed for the kids...
 
A step closer to being mortgage and debt free.

Watching kitco takes the sting out when price of gold price goes down, other things can just randomly rocket up 

meanwhile in Blackpool...

Still creeping up, £1,612...

Still creeping up, £1,612...

Still creeping up, £1,612...

Still creeping up, £1,612...

Trade it for CGT free coins. 

buy 9oz gold  in the dip and save enough for TV license! 🤣

comming soon: King Charles forced out, Major cyber attacks, collapse of world currencies, catastrophic natural disasters and ww3. I think the world will be a very different place come 2030.
FYI gold currently £1600😁

Mid week drop, back below £1,600...

Purchased 2 Sovs at Gold price £1588. Arrived today

I was one of those jumping on board during lockdown but don't plan on selling any of the stack.  Possible lows aren't a disappointment if you can buy a sov or two more...

I do agree that the cost of living aka surviving will still be biting hard, if you do have some dry powder these are the times when deals can be had.

Currently £1,589.

I was one of those jumping on board during lockdown but don't plan on selling any of the stack.  Possible lows aren't a disappointment if you can buy a sov or two more...

I do agree that the cost of living aka surviving will still be biting hard, if you do have some dry powder these are the times when deals can be had.

Currently £1,589.

Good afternoon all, firstly thank you for this forum, i've been enjoying my last few days reading through threads and learning from you all. Looking forward to learning more in time. 
I'm excited as my first purchase came today, I started with a 1g bar purely for low entry point and I just couldn't wait to get something to start my journey. Plus I like them. 
I just had to tell someone and I know that you guys will understand my excitement. 
Looking to add each month, likely start with half sovereign's. 
 
Have a good day!