I have saved thousands of dollars on my own mortgage by following simple rules for myself, and for you too. I have a three year old daughter and I want to be able to provide for her in the future. If I can pay off my mortgage early and set a good example for her, I will be able to do so.

If you are in the process of thinking about beginning to accumulate your own savings to pay off your mortgage early, you have probably thought about a number of different ways to do it. Many of these involve saving money in a retirement account, which can be done with a 401(k) or other similar savings plan that you have access to at work.

I’m not a big fan of articles where you read all kinds of useless information about a subject, then the article finishes with a bunch of links that are supposed to help you out, but do nothing. You then find out that your only real option is to follow the link to the webpage where you can find the most genius piece of advice about how you can get financing to buy that “dream home” that is featured at the end of the article. I might as well be writing a how to guide for everything.. Read more about life after mortgage is paid off and let us know what you think.

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Never in a million years would I see myself declaring, “I’m mortgage free before 40.”

Whether you had asked me a year ago if I believed I’d be mortgage-free at 37, I would have laughed and said no way.

But here I am, uttering those precise words.

*It’s important to note that the adorable little home in the photo above is NOT mine. We’re still a few weeks away from closing, so no photos yet, and although I’m thrilled about our new house, I’ll be honest and say it’s not as adorable as the one above (until I get my hands on it and use some creativity to make it our own.)

So, now, I’m going to tell you how it occurred in case you want to figure out how to do it yourself. Who wouldn’t want to be free of their mortgage payment every month?

People may become mortgage-free in a variety of ways while they are younger, and this is just one of them. I know a lot of individuals that save and scrape until they have enough discretionary income to make a significant difference in their mortgage amount. In this manner, they eventually become mortgage-free.

I knew this wasn’t going to work out for us.

We had low salaries, and accommodation in the area where we were living was not inexpensive. We could save all we wanted and maybe shave a few years off our mortgage if we were fortunate, but there was no way we could be mortgage-free in a few years using this approach.

We had too many expenditures, and although some were needless, the majority were essential. When I told a friend about our monthly expenditures, she felt they were very modest as well. So I realized we weren’t going to be able to save much more.

But we knew there was one way we might be mortgage-free. However, it would need a significant modification.



We may sell our house and utilize the proceeds to relocate to a lower property market, allowing us to downsize.

When you tell people you’re planning to downsize at this point of your life, when your children are 9, 12, and 14, they stare at you as if you’ve gone insane.

But we knew it was the only way we’d be able to accomplish it.

We also knew we needed to relocate since housing prices were skyrocketing, and they appeared to be rising every month.

So we sold our home, paid off our mortgage, and relocated to the north, a 7-hour drive away.

Did I mention we didn’t have a place to call home? We wanted to take our time finding the perfect home that would provide us with financial security, and since the region we were relocating to was so tiny, the housing market was much slower than where we had previously lived, which meant waiting for listings.

So we placed our belongings in storage and are spending the summer in our 28-foot travel trailer until we can move into our new home, which we finally located last week.

It wasn’t an easy or pleasant process, but we realized we had no choice if we wanted to be mortgage-free.


The mortgage broker wanted to give us more money, and the Realtor suggested larger, “perfect” family houses.

If we had accepted the huge mortgage we qualified for, we could have purchased a larger, more costly house on paper. I won’t lie, some of the homes had us starry-eyed, and we had to sit down and remind ourselves of our objectives and reasons for relocating 7 hours away (among a few other reasons.)

Some folks were perplexed as to why we wanted something smaller. At this point in life, downsizing is unusual.

My spouse, on the other hand, has lately embraced the well-known Dave Ramsey statement that we should “live like no one else so we may live like no one else.”

Everyone would do it if it were simple to get out of debt or become mortgage-free at a younger age. It necessitates doing things that others may frown upon. Going against the grain is what it entails.

But the advantages are many – and we haven’t even moved into our home yet.


So, what are the advantages?

We are able to cover unexpected costs.

Our vehicle was in the shop once last month, and our van was in the shop twice. We also needed to return to our old home to take care of certain matters, and my daughter attended summer camp, which we had to pay for.

All of those expenditures would normally have placed us in the negative. But it didn’t happen. We were able to pay for all of them without difficulty.

Funny thing is, I was worried about all those costs when they first appeared since I’m so accustomed to them, but after I paid for them all, I realized I didn’t have to be concerned because we had the funds.

We have more to offer.

We’ve always struggled to make financial contributions. We knew it was critical, but we couldn’t seem to make it a top priority. In one region, we’ve already seen a change. Giving monetarily is no longer an option for us, and living below our means allows us to do so.

We don’t have to worry about money all of the time.

We’ve spent a significant portion of our lives thinking about money. I’d be worried in bed. I’d be worried when I woke up. I used to waste my afternoons fretting. Clearly, I had a worry issue, but living paycheck to paycheck exacerbated it. I don’t worry nearly as much as I used to.

So, to summarize:


  • Reduce the size of your home
  • Change your location to one where housing is less expensive.
  • Purchase a home that is smaller than what your mortgage broker and realtor say you can afford.
  • Everything should be scrimped and saved.

*For ideas on how to get started saving and living a cheap life, check out these 80 frugal living suggestions.


What I’ve learned over the years is that no matter where you live, you can make your house a home. In a tiny town, in the country, and in the city. Whether you’re big, medium, or tiny, there’s a size for you. In the mountains or on the plains. It is really what you make of it.

So, if the prospect of downsizing to a house that isn’t your ideal home makes you sad, realize that beauty can be created everywhere.

We purchased our rural home five years ago. We were really enamored with the property. We didn’t care much for the home, but we were glad to have a few acres.

But, in order to be mortgage-free, we had to let go of it.

And now the home we just purchased is located in a little town. I promised myself I’d never do it again. I wanted to live in the country for the rest of my life. But I’ve learned that the serenity that comes with financial independence is worth it, and that no matter where we are, I can make our house a sanctuary.

We hope to build our own house on a plot of land in the country when the time comes, but in the meantime, I plan to homestead on my 1/4 acre of land by growing my own food in raised beds, canning and preserving, going wild blueberry picking in the woods, hanging my laundry out to dry all summer, and making my own foo

I’m not ruling out backyard chickens on this property in the future if we decide to go that way.

Many individuals I’ve seen homestead exactly where they are. In small flats, large homes, off-grid, on-grid, and everything in between, I’ve seen individuals live a simple, satisfying existence. Only our imagination holds us back.

Have you ever fantasized of owning a home without a mortgage? If you want to strive toward that objective, I hope today’s essay has encouraged you to do so. It CAN be done.


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I have been saving for my future and retirement for many years. I knew I wanted to be mortgage free, and I had a plan how to get there. I had two amazing things in my life, which helped me achieve that goal. They were, a) my amazing family and b) my amazing job. These two things helped me to get rid of the mortgage and to start my new life as well as my new career.. Read more about house paid off by 45 and let us know what you think.

Frequently Asked Questions

At what age should your mortgage be paid off?

This is a difficult question to answer because it depends on how much you make and what your goals are. However, in general, the average person should be able to pay off their mortgage by the time theyre about 35 years old.

Is Being mortgage-free a good idea?

It is a good idea to be mortgage-free, but it is not the only factor that determines whether or not you are financially stable.

Can you live mortgage-free?

I am not sure what this means.

This article broadly covered the following related topics:

  • mortgage free at 45
  • mortgage free living uk
  • mortgage-free at 40
  • mortgage free at 40 uk
  • life after mortgage is paid off uk
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