Owning your own home

I went variable as well but I also bought a place that was well within my means so if rates did increase (it's totally possible) then I could still be comfortable about repayments.

I've been overpaying flat out too, so if trouble strikes I have a buffer before the bank gets my flat.

My contingency plan for that is to move into the shed and rent out the house. But they would have to go well past 3% for that to happen. I'm hoping that doesn't happen for at least 5 years by which time I should be ok :)