Mortgage free at 47: Single mum shares one tip that is simply life-changing

This man intends to live mortgage free in a refurbished caravan

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Claire Hattrick was just 47 when she made her last mortgage payment and says that although she had to make a few sacrifices, it was definitely worth it. She has some great advice for anyone who is looking to follow in her footsteps including one simple tip that helped her more than any other.

Claire has been a single parent since her identical twin girls, now 23, were just two years old.

She first stepped onto the property ladder when she was 18 and despite life throwing her a few curveballs along the way, she’s finally achieved her dream of becoming mortgage free.

Although she took home a good wage as a saleswoman and as a beauty therapist, she still only had one income to rely on and never received a penny from the father of her girls.

But she says it was worth going without luxuries like holidays because when it comes down to it, kids don’t need much to be happy.

A great deal of her success she puts down to being brought up with the right mindset.

Claire remembers something her mum used to say which has really helped her achieve her goal.

“I was brought up with the ethos ‘save half, spend half’ and from a young age I was encouraged to save as much as possible.

“I also had a good job and an amazing career, any bonuses I received from this I would use to pay off more of my mortgage where I could.”

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As well as this top tip, she also says that she is known for being good with money, buying things in bulk and is a fan of batch cooking.

She says “my friends think my ‘spare cupboard’ is hilarious but it’s amazing how much you can save by buying in bulk”.

Any money she saved she put towards her mortgage as this would ultimately make her far happier than a nice car or luxury holiday ever could.

Now she shares her life experience, tips and advice with others at Clipboard Claire.

For a savvy person like Claire, choosing between overpaying on her mortgage and upping her investments wasn’t a difficult decision.

She explains: “For me personally it was not having a huge monthly outgoing that was attractive, and my investments weren’t doing particularly well at the time.

“I also don’t think you can beat having your money in bricks and mortar.

“While you have to have some quality of life, be sensible with your money, and encourage your children to do the same.”

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As wall as saving half and spending half, Claire has some other useful tips for becoming mortgage-free.

She says: “You have to take gambles and choices in life, and I took a few on this mortgage-free journey.

“Never mortgage yourself up too much, as you never know what interest rates are likely to do.

“Save in your younger years. It’s amazing how much that little bit of birthday money you got and didn’t spend can help you out later on in life.”

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