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    • pinkteapot
    • By pinkteapot 17th Mar 15, 1:00 PM
    • 6,173Posts
    • 7,941Thanks
    The "Mortgage-free in 2025-30" club!
    • #1
    • 17th Mar 15, 1:00 PM
    The "Mortgage-free in 2025-30" club! 17th Mar 15 at 1:00 PM
    Welcome to the thread for all those MFW's aiming to get MF during 2025-30. Come and chat to people working over the same timeframe as you, and then join the party in 2030 when we're all mortgage-free!

    If you'd like to be added to the members' list below, just post your details and I'll add you. Prod me if I don't - it's nothing personal and just means I missed your post!

    MF 2025-30 Club Members

    • abi a mfw mum || target August 2028 || goal: MF by the age of 40
    • amycool || original MF date Nov 2028 || target 2025 || goal: To have the freedom to work less and save more for retirement || amycool's diary
    • Anagran || original MF date 2046 || target 2030
    • audigex || original MF date 2040 || target 2028
    • Baby Angel || original MF date 2036 || achievable target 2029 || goals: DFW asap or Dec 2016 latest; MFW by 2025; Have enough savings to be able to retire at 60; and the list goes on and on ...
    • Brokeattheminute || original MF date Feb 2028 || target August 2025
    • bubblycrazy || original MF date Aug 2049 || target 2025 (even earlier if possible) || goals: to be debt free, happy and save for early retirement
    • choccielover || original MF date 2041 || target 2025
    • clarew || original MF date Oct 2028 (was £185k in 2003) || target August 2025 || goals: to have mortgage paid in 10 years from now so we can save to help the kids through uni or training etc or otherwise spend it on holidays for me and hubby!!
    • easylife73 || original MF date 2036 || target 2028 || goal: Pay the mortgage off, then buy a little place abroad.
    • engineer amy || original MF date 2035 || target 2025
    • Firegirl || original MF date 2042 || target 2029 || Firegirl's diary
    • hallamblue || original MF date 2033 || target 2030 || goals: to be mortgage-free on my 60th birthday
    • helibob || target 2030
    • Keeponmoving || original MF date 2033 || target 2027 || goals: I would love to be MFW before my 50th birthday, to be able to visit the countries that are on my list.
    • LannieDuck || original MF date 2039 || target 2029 || LannieDuck's diary
    • LadyGnome || original MF date 2034|| target 2025 || goals: to finish mortgage when the children finish school so I can move the focus to holidays retirement planning
    • Lippy1923 || original MF date 2035 || target 2025 || goals: To be MF at 35!
    • liuhutOz || original MF date Apr 2044|| target 2034 (ideal 2032) || goals: to be debt free and be able to help the kids out
    • LoveTheCoast || original MF date Jan 2033 || target 2028 (ideal 2025) || goals: to be debt free and be able to save for earlier retirement
    • Luckyinlife || original MF date 2040 || target 2025 || goals: To own my property outright is my life goal plan to be mortgage free by 40 im 27 now 2015 :]
    • McTaggus || original MF date 2048 || target 2027 || goals: get rid of the mortgage at the same time as child maintenance payments end, to then have far more financial freedom!
    • MFWKid || original MF date 2043 || target 2030 || goals: mortgage free by 50!
    • military twins || original MF date July 2039 || target July 2029 || goals: to have mortgage paid off before we are 50 so we can help the children out with uni/house deposits
    • missis_amber || original MF date 2041 || target 2030
    • Moneyfordreams || original MF date 2037 || target 2025 || goals: Get debt-free, mortgage-free and retire!
    • MrCrimeFiction || original MF date 2036 || target 2030
    • MummyEm || original MF date Nov 2039 || target Nov 2025
    • Mummyisbeauty || original MF date 2032 || target 2025 || goals: to then look at getting the Forever Home with a small loan, or helping our son out in the future
    • NorthernMonkey1 || original MF date 2033 || target 2025
    • ourcornercottage || original MF date 2034 || target 2025 || goals: MF by 50 and saved for a btl or investment property. Retired fully by 60. || ourcornercottage's diary
    • pavlovs_dog || original MF date 2040 || target 2028 || goals: freedom to travel and prepare for early retirement || pavlovs_dog's diary
    • pinkteapot || original MF date 2042 || target 2028 || goals: freedom to resign whenever we want, holidays, wine and, hopefully, earlier retirement! || pinkteapot's diary
    • poohbear59 || original MF date 2026 || target 2023 || goals: to be mortgage free so we can enjoy our retirement and travel. And help out our family too.
    • rammelino || original MF date 2030 || target 2025 || goals: to be mortgage free at 50 and to have some spare cash to put our two kids through University![/COLOR]
    • shanghaijimmy || original MF date June 2036 || target March 2025 || goals: to be MF by 46, to save for full retirement at 60, to save to put 2 clever boys through Uni || shanghaijimmy's diary
    • Skippycat || original MF date 2038 || target 2027 || goals: to pay off mortgage asap so we can start saving extra money towards retiring early
    • slicence || original MF date June 2033 || target May 2025 || goals: After this little house I'd love to build my own home
    • Synonymous || original MF date 2040 || target 2025
    • t-rexcellent || original MF date 2032 || target 2027 || goals: freedom to enjoy more time at home and be more flexible with work. And enjoy a beer or two!
    • turtlemoose || original MF date Dec 2038 || target Jul 2027 || goals: nothing specific, just being MF is the start, hadn't thought further than that! || turtlemoose's diary
    • velocity_girl || original MF date 2038 || target 2028 || goals: pay off mortgage to use whole sale proceeds as deposit on forever home || velocity_girl's diary

    This thread came about following a discussion I had with some people on another thread on this board a few months back. I said it would be nice to have a place to chat with people who are aiming to be mortgage-free around the same time as us. I suggested clubs for those who aim to be MF in say 2015-20, 2020-25, 2025-30, etc. So far, this is the only club that's been started but hopefully more will follow if people like the idea.

    Early graduates (good work!)

    • A Frayed Knot || original MF date 2030 || target 2025 || goal: to graduate from the group early! - goal achieved! Graduated December 2015, with a new MF target date of 2018-2020. Now on the Mfit Challenge 4 thread.
    Last edited by pinkteapot; 17-01-2017 at 4:51 PM.
Page 28
    • jenni_fer
    • By jenni_fer 22nd Dec 17, 11:20 PM
    • 152 Posts
    • 694 Thanks
    Quietly joining in here...Currently owe £160k ish with an end date of 2035 but aiming to reduce that to hit as close to 2025 as possible...unless we move to a forever-home before then and increase it again.
    • Anagran
    • By Anagran 27th Dec 17, 5:25 PM
    • 149 Posts
    • 305 Thanks
    Hi everyone,

    Not been on here in a while as not really got anything to update. Not really in a position to make any kind of over payment at the moment, but working on a long term plan to retrain and change job.

    Great to see how you are all doing. Good luck everyone, keep it up!
    • amycool
    • By amycool 4th Jan 18, 9:45 AM
    • 782 Posts
    • 3,270 Thanks
    I've just overpaid the full 10% for the year, which means we're over halfway there!

    I suspect we will have it all paid off before 2025 now, assuming everything goes okay. The plan is to make another big overpayment (about £10k) this year when the fix runs out, then do another 2 year fix, and hopefully by then we'll be able to pay it off in full.
    Mortgage (Start Sep 2014)- £70,295/£32855.25- 53.2%
    Overpayments - £22659.03
    • purplevamp
    • By purplevamp 4th Jan 18, 6:20 PM
    • 7,561 Posts
    • 364,785 Thanks
    I've just overpaid the full 10% for the year, which means we're over halfway there!
    Originally posted by amycool
    Well done
    Mortgage: Was: £154,495 Oct 2039
    Now: £130,113.57 Feb 2038
    MFW #84 £0.00/£2,500

    Swagbucks ~ £65 (2017 ~ £335)
    Surveys ~ £69.50 (2017 ~ £292.30)
    PTC, etc ~ $42.94 (2017 ~ $342.32)

    ďI Love You" "I Know"
    • choccielover
    • By choccielover 6th Jan 18, 10:31 PM
    • 379 Posts
    • 1,340 Thanks
    Gosh I havenít been on here in a while. I just checked and I donít think I updated but I have the monies to pay off the mortgage. Itís not available to me right now but will be in another 12 months and is enough to clear it at a minimum and hopefully a little more besides. Because of that I have redirected all efforts towards pension payments.

    Good luck to all.
    • wildcherry
    • By wildcherry 7th Jan 18, 10:55 AM
    • 142 Posts
    • 1,163 Thanks
    Another year and renewed motivation to OP!
    Hi all,

    Happy New Year!
    I am a lurker rather than a regular poster and I can see that my last post was nearly a year ago. What it did do though is remind me that we've shaved nearly £8k off the mortgage in just under a year which I'm very pleased about.
    We still have a healthy amount in the offset savings account but we haven't been able to add as much in as I would like. Getting married cost more than I anticipated and my husband's car has required several trips to the garage resulting in more money being eaten up.

    This year, I am hoping to increase our payments into the offset account and in addition overpay more than the £85.00 per month we currently do.
    My question with over payments is; is it better to pay annually before the interest is calculated or simply increase the monthly amount we pay off the mortgage?
    Our interest is added at the end of year so I wonder if I might be better to save the money in account where I gain some interest and then pay it off in one lump sum, pay off what we can monthly or abit of both?
    I would really welcome some advice. !!!128515;
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