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2011 mfw
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# 941
Spiggle
Old 25-10-2011, 7:07 PM
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Join Date: Sep 2009
Location: South Wales coast
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Hi All,

No.40 very late with my October update.

Ok, so after last months disaster with the offset OPs I managed to up the payment this month and will do next month and December hopefully, which will bring the reg saver (into which the offset is going) back up to the max amount I can save.

I've updated the googledoc for October with a combination of OP and offset amount of 898. Ooops, just realised I've put the wrong amount on the docs and will go back to change it.

I had my annual statement at the beginning of the month which caused quite a bit of confusion for me with my spreadsheet. I had too many calculations in it and was driving myself potty! So, I've done myself a new one that will run concurrently with my mortgage year and hopefully my head won't get in a spin with that. It should also still let me do a calendar year challenge again in 2012 too.

Well that's about it from me. Thanks again to the wonderful Cake!

All the best,
Spigs
MFW2012 No.6 OP Target 8400/8777
MFW2013 No.1 OP - Mortgage free October 2013
MFiT-T3 No.11 - Clear 38,3450.50 - Mortgage free October 2013
MF October 2013
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# 942
rockabelle
Old 26-10-2011, 8:53 AM
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Join Date: May 2011
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No 114 here. Just paid 2000 off! Balance now at 282,175.

I'm now paying 30 a month less in interest than I was when I took
out the mortgage in April - overpaying really works!
MFiT T3 no 115, MFW 2014 no 14
April 2011 balance (when mtg started) - 300,000
October 28 2014 balance - 189,376
MFiT T3 target 190,000 (REACHED!!!!)
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# 943
rockabelle
Old 26-10-2011, 11:17 AM
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I've also just discovered that my mortgage balance is where it's supposed to be after 2 years of payments, and I've only had the mortgage for 6 months! Very pleased with that!
MFiT T3 no 115, MFW 2014 no 14
April 2011 balance (when mtg started) - 300,000
October 28 2014 balance - 189,376
MFiT T3 target 190,000 (REACHED!!!!)
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# 944
blizeH
Old 27-10-2011, 10:08 AM
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Posts: 1,120
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That must be an awesome feeling to be so far ahead after a short time!

Just checking in to try and get motivated, had a very financially reckless few months which I still haven't properly recovered from, and haven't made an overpayment for months as a result. My initial target was very overly ambitious, but somehow I managed to stay in track... now I'd say there is basically zero chance that I'll meet it. ;_;
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# 945
rockabelle
Old 27-10-2011, 3:31 PM
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It is indeed awesome! What's also great, is that I've apparently saved about 28k of interest too (Initial expected total interest to be paid, assuming rates stay the same for the whole mtg, was 94,300, and it's now down to 63,000 (plus the 3.4k I've already paid)
I knew overpaying was good etc, but I have to admit, I never though that by paying off an extra 13k, I'd save 28k! Bonkers, and I'm now going to have to keep up the good work!
MFiT T3 no 115, MFW 2014 no 14
April 2011 balance (when mtg started) - 300,000
October 28 2014 balance - 189,376
MFiT T3 target 190,000 (REACHED!!!!)
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# 946
Barny1979
Old 27-10-2011, 6:47 PM
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Payment of 404.19 made to get to 35k overall :-)
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# 947
Poppycat1
Old 27-10-2011, 7:28 PM
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Hi, I don't post often but I am still keeping up with the challenge.

Just declared an overpayment of 45 for September. This takes my total overpayment to 3751 which leaves my outstanding mortgage 107,385.

Since mid September I have been putting the overpayment into a savings account attached to mortgage (offset) and now have 290.

So the total is 4086 paid off this year so far this year, 1914 to find to get to my target of 6000.
Morgage now = - 99,400

Paid off in 2014 - nil
Mortgage at the start of 2014 - 99,400
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# 948
fillyfop
Old 27-10-2011, 8:32 PM
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Join Date: Nov 2010
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I fully fell off the MFW wagon The last 3 months in a row I've actually had overSPENDS (I'm on an offset mortgage so it's very easy to fall into that trap!) and I struggle to think how!

So, having seen how quickly and easily I undid all my previous good work, I started getting serious again. I did a spending diary for a month then set achieveable targets for spending in each category. I'll allow myself to overspend only if I have a previous underspend in the same category to net it out.

So, all in all, ... my October result is that I've overpaid by 629.88 About time!! I'm thrilled with the turn around I managed and with the backup of the spending diary and targets, I'm sure I can stick with my progress!
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# 949
Emsky123
Old 28-10-2011, 8:40 AM
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Join Date: Feb 2009
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Last payment of the year sent - 1000, Im now at my OP limit and cannot make any further OP's till next April

Still i have OP by 9300 this year so cant complain and will still save my OP's ready for next years attack!
Balance as at Dec 2010 88,000
Balance as at Oct 2013 0

Original MF date 01.05.2027
Morgage free as of 24/10/2013 (13.5 years early)
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# 950
blizeH
Old 28-10-2011, 4:25 PM
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I can't believe I'm saying this just after my post above, but pay day today and I've managed to overpay 1,000! (will hopefully not regret that when my mortgage comes out next month) - back on it! Really hate that my OCD keeps getting the better of me, and won't let me overpay in non-round figures - really bad reason for stretching myself, argh.
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# 951
Barny1979
Old 28-10-2011, 7:55 PM
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10,500.00 for 2011 now
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# 952
pammyj74
Old 28-10-2011, 7:59 PM
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200 OP for NOV, total now 7800 for the year.

MPs left feb '08 276- Dec 13 36 MB Jan 10 ~ 82,377 Dec 13 ~ 29987
EMFD was Feb 32 NOW Dec 2013 its Dec 2016
MF new target Dec 16 REACHED!!
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# 953
uzubairu
Old 29-10-2011, 11:05 AM
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Join Date: Apr 2007
Location: Manchester
Posts: 1,171
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Since the last update, I've gone and purchased a new (pre-registered) car.
Got a good value for my traded-in car and the new car was discounted too.
The difference was funded from the mortgage overpayments savings (7,500), so overpayment savings have decreased and I've revised my year end target to reflect this.

October Update
October overpayment :- 950
Year To Date Overpayments (revised) are:- 11,054.
Mortgage at the start (July 2006 - 25 year term) = 113,000
MFiT-T3 No.19 (Target 1 = 0) (Target 2 = 35K)
Sep 9 Mortgage - OP Savings = 0
Jan07 111,807 Jan08 105,607 Jan09 97,343 Jan10 81,723 Jan11 61,785 Jan12 41,712 Jan13 13,157

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# 954
originalmiscellany
Old 29-10-2011, 8:09 PM
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3K paid for this month - looking good! All thanks to a great wife who is willing to support 100%. What a woman she is
I think it's a total of 32k this year.

Feb 2012 - onwards MF achieved
Aims: 1) To pay off mortgage, 2) To clear Stooged CC by July 2012 3) To save 3.6k into First Direct Easy Save Pot (Done March 2013) and ongoing every month 4) Get some money into Zopa - Currently 5000
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# 955
originalmiscellany
Old 29-10-2011, 8:10 PM
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And well done Rockabelle! It sounds like you're doing an amazing job. Isn't it addictive seeing you save a fortune

Feb 2012 - onwards MF achieved
Aims: 1) To pay off mortgage, 2) To clear Stooged CC by July 2012 3) To save 3.6k into First Direct Easy Save Pot (Done March 2013) and ongoing every month 4) Get some money into Zopa - Currently 5000
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# 956
pavlovs_dog
Old 30-10-2011, 1:31 PM
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just OP's 100, which means we've beat our 2011 target of 1500 already Now aiming to hit 1800 for the year


#217 yearly total to date: 1535
know thyself

MFW 2014 # 46 - 2000/2,000 (100%)
MFiT T3 #29 106k by 2015

Nid wy'n gofyn bywyd moethus...
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# 957
Barny1979
Old 30-10-2011, 3:13 PM
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54.09 paid today and I've reduced my mortgage by 40k since July 2009
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# 958
curlygirl1971
Old 31-10-2011, 2:18 PM
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Posts: 1,343
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Have just updated googledocs with 208 payment already made on 1st October and 208 payment going out tomorrow.

Haven't posted on this thread for a while but have been popping in and reading everyone else's updates and been really encouraged which has helped. I think I've got Money-Saving-Fatigue, although I've never been a hard-core MSE'er I seem to have bored myself with it and need a bit of shake-up. I've not been doing very well with my budgeting/spending recently (several months) although I have kept up my minimum OP's.

I've made a couple of silly mistakes (ie. not spending enough on the right cards to get threshold rewards, forgetting to cancel a subscription before end of free trial) and am not planning meals as I should which is resulting in spending more than I need to on food.

Then I went a bit crazy in a couple of shops on Saturday - I was going to a family halloween party and bought some stuff I knew my little nieces would get a kick out of - I'm such a softie! I can't help it. Grand total of 28 on costume items, decorations and spooky music.....we had a great party, the kids had a great time, I screamed myself hoarse; but I didn't need to spend all that money . (I did look particularly Wicked in my Green & Black stripey tights though, but think painting my face, chest and arms green was a mistake. It's day 2 after the party and I'm sat here in work looking like a sickly 'Fiona' from Shrek.)

......so if this was a school report it would probably say 'Could do better'. I need to pull my socks up and avoid going crazy at Xmas doing the same again just to see the pleasure on my nieces faces - they really are my week spot

Mortgage balance is going to be around 30510 tomorrow once payments have been deducted and interest added. So that's looking great and I'm hoping to get below the 30k in December - which will be my regular 208 plus a little bit of cashback that's due and then a top up from Savings.

Keep plugging away everyone! Fight the good fight!
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# 959
froddington
Old 31-10-2011, 9:42 PM
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Location: Hampshire
Posts: 6,234
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No 128 - 200 OP made today
"There's only one way of life - and that's your own"
Depression is not a sign of weakness; it's a sign you have been strong for too long
MFW No.3 Mortgage OPs 2014 3600
Cross Stitch Cafe Member 73
101 in 1001 18/101 since 01/01/13
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# 960
MsWow
Old 01-11-2011, 8:59 AM
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Join Date: Jan 2010
Posts: 41
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Quote:
Originally Posted by rockabelle View Post
I've also just discovered that my mortgage balance is where it's supposed to be after 2 years of payments, and I've only had the mortgage for 6 months! Very pleased with that!
I've saved 13 months by OP . It's sooo addictive

Does anyone knows if Cake21 it's alright? She hasn't updated the list since September...

I wish you all a productive November .
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