If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.
If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.
Bought a house a couple of years ago, just as Truss fucked up the economy so my mortgage sucks. 2 year fix ends soon though so hopefully the rate will drop. Tempting to keep paying the same amount though as I know I am able to and then cut many years off it. Or perhaps even aim to pay a bit more and cut over a decade off. Reducing the size of the debt faster also should mean I can extend the payback period if I have financial issues and its not as much of a problem as there would be more time to work with.