2012 mfw

mortgage destroyer - love the username

Hello Spiggle and all other MFW 2012ers

MFW #147 reporting my first OP for October of £250 which I believe brings my total for 2012 to £4444.50 :j

I've now sorted my budgets and started cashing in vouchers etc for the 'C' word and hopefully if all goes to plan I'll be able to keep up with the OPs to the end of the year! :A

ickle

No. 68
After hours of looking at spreadsheets and a very long appointment with the financial advisor I would like to announce our first OP for this year of £28...finally! :j

No 53. signing in with a couple of OPs totalling £350 so far this month and another month knocked off my end date
total for year is £5745/£6000 so not far off my target now Was worried I wouldnt make it this year but have also kept up my challenge of knocking a month off my term every month :j

Well, I set and exceeded my original £10,400 objective, revised the figure and once I settled on a mortgage free date I knew I could commit to, revised the figure again.

Final objective was to overpay by £13,076.00

Exceeded that too, by 16 pence!

#29 - Overpay by £10,400.00.

Month: Ideal Pay / Ideal Total / Ideal % / Actual Pay / Actual Total (Diff) / Actual %

January: 866.67 / 866.67 / 8.33% / 862.59 / 862.59 (-4.08) / 8.29%
February: 866.67 / 1,733.33 / 16.67% / 1,202.59 / 2,065.18 (+331.85) / 19.86%
March: 866.67 / 2,600.00 / 25.00% / 1,112.59 / 3,177.77 (+577.77) / 30.56%
April: 866.67 / 3,466.67 / 33.33% / 1,112.59 / 4,290.36 (+823.69) / 41.25%
May: 866.67 / 4,333.33 / 41.67% / 1,112.59 / 5,402.95 (+1,069.62) / 51.95%
June: 866.67 / 5,200.00 / 50.00% / 1,212.59 / 6,615.54 (+1,415.54) / 63.61%
July: 866.67 / 6,066.67 / 58.33% / 1,362.59 / 7,978.13 (+1,911.44) / 76.71%
August: 866.67 / 6,933.33 / 66.67% / 1,533.09 / 9,511.22 (+2,577.89) / 91.45%
September: 866.67 / 7,800.00 / 75.00% / 3,564.94 / 13,076.16 (+5,276.16) / 125.73%


Total overpaid: £13,076.16

Needed to put a further overpayment in for £2,202.35 for September, which was actually part of the final payment to the mortgage account, which gives a final September (overpayment) figure of £3,564.94

Actually threw £15,422.85 at the mortgage account in September, some of which was previous overpayments, so had to get the calculator out to determine residual overpayment!

Now mortgage free as of 29th September! :j:j:j
Financial Bliss.