What would you do if your rent/mortgage was taken care of?

[NutellaEllaElla]

Lots of us work towards it but what do you do when you get there?

we have reached that stage we are on less income though due to OH retiring so we just enjoy our lives to the income we now have slightly cheaper holidays is the main thing we have cut down on

Holidays
Shop
More animals

We are in that situation...I was made redundant last year and so we sold up in the expensive part of the country we'd moved to for work and bought in our very cheap home town with the proceeds.

We don't have any spare money at the moment (I am very part time and dh had to give up his job to move and hasnt found anything yet). But when we do I'm starting to put anything extra into my pension as we have next to nothing.

It will allow us both to work part time though while our kids are small, which is the best thing.

Now, I'd privately educate DS, when we're likely to be the spare money will in part go towards supporting him at university, I'm also looking forward to more holidays

Save the extra for retirement.

Our mortgage finished a few years ago so we saved £600 a month but it coincided with kids going to Uni/ buying first cars etc so we have helped them and haven't really had the extra cash.

Saving for early retirement & lots of travel.

Probably just enjoy more things like meals out more often, weekends away more often and not think twice about getting things for the kids that seem expensive on top of a mortgage payment monthly

Save for house improvements
Save for pension/kids’ future
Go on holiday lots more

I did a PhD and career changed. I realise that's not for everyone, but I did want to make the most of the opportunity and do something with it rather than continue along the same path.

I did it with my first house when I was only 29 (cheap house and cheap area) but with the extra money had a couple of years of amazing holidays and then moved so we have a mortgage again now. I do miss it though!

Holidays most definitely
(Don't have any at the minute)
And a dog ♥️

Breathe.

We don’t have a mortgage. It means that I can wait until I find a job that actually suits me and I want to do instead of being desperate to take the first one that might have me, and DH will be able to leave his job if he gets to the point where he needs to (stress/work-life balance) instead of feeling trapped.

Any extra money goes toward savings/pensions, home improvements, helping my daughters out here and there and then on fripperies.

I’m on a committed buying less/saving more drive atm, which is a big turnaround for me as I do like to shop.

As soon as our mortgage was paid off we started saving for college funds. Now we are at the college stage, the money saved won't be long going.

I would put more into a savings account. I once had no money and I am terrified of being there again.

Go part time to focus more on my son!

The dream…… buy myself my own pony

Reality pay into savings and pension pots for the future

I will be there in just under three years when my little boy starts school.
I feel it opens up many new opportunities..for what? Who knows

Once the mortgage is paid off, I'm planning on putting the extra money in savings for early retirement.

How do you know when you have enough for retirement? Are we on an endless cycle of scrimping for one reason or another?

We are already there, we save quite a bit and spend it on dc's extra curricular activities, i treat myself clothing wise to more expensive items (but every month) etc and holidays. We're not into fancy cars either do no car payments here either

Retire early

We saved towards parental contribution for uni and then retirement planning (want to retire before 67)

I'm planning on putting the equivalent of the mortgage payments into savings to fund either me retiring/going part time earlier, or to help the dds with house deposits. Our mortgage is not big, so it'll be paid off by the time I'm 50. By that time dd1 will be almost 30 so I hope she'll be a proper independent adult by then and ready to buy a property.