For the third time since I took out my mortgage at the age of 53, I have just paid back an extra 10% of the initial sum! Ouch indeed. My poor savings account looks very sad, I can tell you! Under the terms of my mortgage, the only time I can pay an additional amount is if I pay a minimum of 10% of the initial mortgage (they obviously don't want people doing this), so since I took out a mortgage of 321,000 Swiss francs, that means I have to save up around 33,000 Swiss francs - and it's bloody hard going obviously.
Even though I live in France (think euros), my mortgage is in Swiss francs, since the French banks want to get their hands on that lovely, stable currency! When I first signed on in order to buy my ex out of the house I couldn't put much extra away since my overheads were pretty high and I didn't know what my new "solo" overheads were going to be. Turns out he was one helluva drain (and not only emotionally)! In very short order I was able to knock around 1,000 euros off my monthly bills without noticing any discernible difference in my and my kids standard of living. It's absolutely ridiculous to live the way we (he) lived - I have been so much better off in so many ways since he has been gone. Ha! Anyway, three years ago I was able to pay my first extra 10%, then the following year the same, and now the same again for the third year in a row. I'm a bit miffed in a way because over three years I have "only" paid off an extra 99,000 Swiss francs - not that I'm knocking that of course - but an extra 1,000 Swissies would have put me at 100,000, which kinda has a magic ring to it don't you think. Still, I have been working on the assumption that I will be able to pay off my 17-year mortgage in nine years, but looking at it now it may even work out at around eight years, if I have done my sums right! And that sounds pretty darn good to me. So I am on schedule to pay the whole thing off in under three years and then I can retire. And that sounds even better! So in my depleted state, if anyone can throw me some breadcrumbs and a little gruel it would be gratefully received (just kidding - "let them eat cake" - said Marie-Antoinette never!). I calculated (haphazardly) once that I reckoned it would save me around 40,000 Swissies in interest. Not sure if that's correct - I will probably have to wait until the end to see how much I have saved - but either way I'll take that!
In other news, "ouch" was also the way I felt when I came back from Greece. I was down 7 lbs in weight but when I got back had pretty much put it all back on. Aaaarghh!!!! That Steve was a bloody bad influence, I can tell you. So, it's nose back to the grindstone and on to the serious business (yet again) of trying to shift the blubber. Oh dear! How come I can do it with money but not with the weight? Beats me!