DH and I have recently had promotions and on a 'good' month (not Christmas or annual modest holiday month) we have approx £5k disposable income.
We are both naturally quite frugal and have no debts aside from mortgage (approx 400k with 250k equity)
No large outgoings we can predict (no wedding / no more children)
We have a float savings pot of around 6months bills/mortgage should either of us find ourselves unemployed.
The question is what to do with the £5k per month disposable income. Is it wiser to look at investment isa's / premium bonds or to overpay and aim to clear mortgage down.
DH and I both come from irresponsible financial backgrounds and I am so keen to set us up for long term comfort rather than the panic we watched our parents be in.
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Overpay on Mortgage or Invest?
40 replies
1940s · 05/04/2021 14:15
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