tonyh29 Posted February 4, 2014 Share Posted February 4, 2014 So do I. even though you now know it's a man !! oh you mean the other plan Link to comment Share on other sites More sharing options...
StefanAVFC Posted February 4, 2014 VT Supporter Share Posted February 4, 2014 Savings + blow out East -> West coast America trip. Link to comment Share on other sites More sharing options...
CarewsEyebrowDesigner Posted February 4, 2014 Share Posted February 4, 2014 If I ever reach a stage in life when a heap of money is best spent on paying off a mortgage, I might just cry. Link to comment Share on other sites More sharing options...
villa4europe Posted February 4, 2014 Share Posted February 4, 2014 tell the missus i won £10k 1 Link to comment Share on other sites More sharing options...
Guest Posted February 4, 2014 Share Posted February 4, 2014 Buy a mustang, loads of lego, wrestling DVDs and grow my hair, like my hero. Link to comment Share on other sites More sharing options...
suttonpaul Posted February 4, 2014 Share Posted February 4, 2014 Not much as it isn't a lot of money. Link to comment Share on other sites More sharing options...
Voinjama Posted February 4, 2014 Share Posted February 4, 2014 If I ever reach a stage in life when a heap of money is best spent on paying off a mortgage, I might just cry. That is what I was thinking. Link to comment Share on other sites More sharing options...
Stevo985 Posted February 4, 2014 VT Supporter Share Posted February 4, 2014 If I ever reach a stage in life when a heap of money is best spent on paying off a mortgage, I might just cry. Not much difference though in a way to paying off your mortgage or splurging it all in one go. You could blow 30 grand in one go, or you could pay off your mortgage and have however much it is you spend on a mortgage every month to play with. For me that would be £700 a month. That's like me getting a 8 and a half grand pay rise (not complicating things with tax) as well as having no debt. That's a very attractive proposition. Link to comment Share on other sites More sharing options...
Eames Posted February 4, 2014 Share Posted February 4, 2014 Mortgage free at 31 is a fan-****ing-tastic place to be. Link to comment Share on other sites More sharing options...
tonyh29 Posted February 4, 2014 Share Posted February 4, 2014 (edited) If I ever reach a stage in life when a heap of money is best spent on paying off a mortgage, I might just cry. That is what I was thinking. I guess one way you could look at it is that IF you had a £31,000 mortgage and 20 years left at 4 % .. you'd be repaying back £46 ,000 give or take so whilst not thrilling it would save you £15k in the long run , probably more as rates will could go up at some point during that 20 year period I agree it's not exciting .... but to some extent you'd be a bit daft to blow it on a holiday etc if it costs you £16,000 to do so Edited February 4, 2014 by tonyh29 Link to comment Share on other sites More sharing options...
coda Posted February 4, 2014 Share Posted February 4, 2014 Set fire to it as an anti-materialist gesture. Then weep. 2 Link to comment Share on other sites More sharing options...
Risso Posted February 4, 2014 Share Posted February 4, 2014 If I ever reach a stage in life when a heap of money is best spent on paying off a mortgage, I might just cry. Having a mortgage in the first place makes me weep on a monthly basis. Link to comment Share on other sites More sharing options...
Anthony Posted February 4, 2014 VT Supporter Share Posted February 4, 2014 Anthony's rule of thirds: Third into some kind of long term savings/pay off debt/mortgage Third on sensible stuff like fixing the sofas, fixing the flat and helping out mates Third on, figuratively, coke and hookers. 1 Link to comment Share on other sites More sharing options...
maqroll Posted February 4, 2014 Author Share Posted February 4, 2014 Not much as it isn't a lot of money. Well alright then. This one's for you- Link to comment Share on other sites More sharing options...
Avfc96 Posted February 4, 2014 Share Posted February 4, 2014 A week in Vegas, cocaine, binge drinking, partying, gambling. In all honestly I would probably buy a load of cheap booze, a big **** off TV and play FM all day until the money ran out. Link to comment Share on other sites More sharing options...
Xela Posted February 4, 2014 Share Posted February 4, 2014 Pretty boring really, but chuck it into my savings until i can think of something I really want or need. I guess lopping a bit off the mortgage would help! Link to comment Share on other sites More sharing options...
mjmooney Posted February 4, 2014 VT Supporter Share Posted February 4, 2014 Funny you should mention that. *cough* lump sum *cough* Link to comment Share on other sites More sharing options...
Meath_Villan Posted February 4, 2014 Share Posted February 4, 2014 well we all know what liam ridgewell would do Link to comment Share on other sites More sharing options...
jonno_2004 Posted February 4, 2014 Share Posted February 4, 2014 Would certainly see me over the line for a house deposit and also a nice upgrade on my current vehicle. Link to comment Share on other sites More sharing options...
Pelle Posted February 5, 2014 Share Posted February 5, 2014 Pay off mortgagaes. Buy a new car. That's about it. Whilst it is a lot of money, it's not life changing, sts. Just a bit easier t live. Link to comment Share on other sites More sharing options...
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