BONUS EPISODE: "They're not going to be mortgage-free at 48"

In this bonus episode, we hear from PensionBee customer Jonathan as he shares his pension story. From the trusty spreadsheet he started with his wife 24 years ago, to now being on track to be mortgage-free in two years - before they hit age 50.

We unpack Jonathan's financial journey with pensions expert Dan Stean from PensionBee, covering:

what overpaying a mortgage means and why you should check for Early Repayment Charges (ERCs) first; how to weigh mortgage overpayments against pension contributions and how calculators can help; and why planning your finances together as a couple can help, married or not.

Episode breakdown 00:39 Meet Jonathan

04:15 Budgeting as a couple

06:24 Teaching kids about money

Further reading and listening To learn more about the topics discussed in this bonus episode, check out these articles and podcasts from PensionBee:

Episode transcript (Blog) 8 easy steps to build an effective budget (Blog) Bonus episode: Should you overpay your mortgage or top up your pension? (Podcast) How to teach kids about money (Blog) Money management tips for couples (Blog) What is an emergency fund? (Article)

Other useful resources Habit Formation and Learning in Young Children 2013 PDF (Money and Pensions Service) Mortgage early repayment charges explained (MoneySupermarket) Mortgage Overpayment Calculator (MoneySavingExpert) Pension Calculator (PensionBee) Pension vs Mortgage Calculator (Personal Finance Calculator) Should you pay off your mortgage early? (MoneyHelper)

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