Hello Dear Reader,
I am not going to count my chickens......................oh what the hell! My house may not have sold just yet but I'm a dreamer.
It kind of goes like this. I sell this lovely big Cornish house and buy a much cheaper house, hopefully in this delightful Cornish town. Maybe smaller or maybe just a cheaper house. Who knows, there are many possibilities. There are many ways to pay off your mortgage, including our frugal lifestyle and over paying or you could just sell up and move and halve your mortgage in the process.
We are going back to look at a Victorian terraced house we've seen before and we're going to see a 'fixer upper' on Wednesday night. The first is shabby chic and the second is just shabby. However, my new life is on the horizon and I am going to allow myself to dream about it.
Currently, if I keep paying my mortgage at the rate we currently do, then my mortgage will be paid off in twelve years. If I downsize and drastically reduce my mortgage, then I will be able to pay it off in full in six years. Moving is unsettling and chaotic but halving my mortgage will certainly make my life a whole lot simpler. Having a smaller house and smaller garden will mean we will have to reduce everything we own to just what we need. Paring back our lives certainly will create a great deal of simplicity and just for now, it's a dream I'm relishing.
So, I thought I would take time to remind myself of what I dream of:
- shorter mortgage
- a paid for home in under six years
- smaller house
- smaller garden
- smaller council tax
- lower bills
- less lawn to mow
- fewer hedges to cut
- less house to clean
- more time for hobbies and my community
- more time for walking and bike riding
- more time to go to the library
- more time for sitting in my smaller garden and reading.
I am going to allow myself to dream. I worked hard to clear my debts and I've been working hard to reduce my mortgage so I have a better loan to value ratio when I move. I've resisted spending money on anything but essentials as we squirrel away money to top up our emergency fund and annual expenses fund. I've resisted holidays, meals out and 'treats' so we can move comfortably without spending too much of our deposit.
I'm dreaming of a lot less, a lot smaller and more free time. Oh yes, size matters.
Until tomorrow,
Love Froogs xxxxxxxxxxxxx