2009 MF Wannabe's

financialbliss

Hi all, #169 reporting in.

I'd previously set up an automated overpayment to top up my standard mortgage payment. This month we have again made a £201.97 overpayment. Target was to overpay by £3,800 in 2009. I'm going to be about 1k short of this target, but that said, I'll be happy to achieve £2,800.

So, it's now looking like this for October:

Actual payment / Actual YTD / Actual Percent / Ideal Percent

October: 201.97 / 2,119.70 / 55.78% / 83.33%

Zavarony - I'll PM you with this.

As we have only two months after this, thought I'd mention the mortgage free in three - take 2 challenge:

http://forums.moneysavingexpert.com/showthread.html?t=1402631

Slightly longer than this 12 month challenge, but it's still open if you want to express an interest in it. It starts in December.

Thanks,
Financial Bliss.

Little_Mama

Number 241 reporting in.

A further £562.34 overpaid this month bringing grand total since 2nd Feb to £6562.56 :j

Home improvements take precedence this month so overpayments will probably be at the bare minimum of the £220 approx that we make each month automatically........still not bad when I thought originally that we'd only manage £3.5K!

Still on track for the MFI3 Take 2 challenge start balance of £95K.

Well done to all you other MFWs. :T And especially Cheery's news :j

LM

Louba

289 here! Wow eveyone is, making great progress Well done cheeryoleary that's amazing!

Another payment of £1128 for me taking the year to £4454. I think I'll be a little short of my target but I started later than I wanted and I've been adding to a saving account to overpay a lump sum at the end of the mortgage term in April........or maybe use it towards a deposit for somewhere bigger!

cake21

cheeryoleary wrote: »

Woop! No longer a MFW!
<>



Cheers!

Well done, that's brilliant!!! :beer::beer::beer::beer::beer:

zavarony

Hi and welcome to Thrifty Jukes and SusanneCape - sorry its taken me so long to add you, but your there now on the first page, just drop me a PM with your month and year totals each months and I'll add it on. DOnt worry if I dont do it stright away, but I will add it!!

GOOD LUCK :wave:

zavarony

RosieTiger wrote: »

I wish I had thought like you when I was 23 !

Me too Rosie - then I wouldn't owe what I owe now!!!

IRON MAN - You just gotta be glad that you took the bull by the horns already - the earlier you start, the more money you save - You'll get there....

zavarony

gratefulforhelp wrote: »

Another £185 quid, total now... £3,880 this year. Do we get to include the overpayments we set up by overpaying, if you get my drift?

You can include whatever you want - mine is the offset total, others count what they save into ISA's to pay off at a later stage.... its entirely up to you - it it after all your money

zavarony

talana wrote: »

Morning all!
MFW no212 checking in for the first time in several months.
I took the summer off OP'ing so that I could live a little/have a holiday etc
However I did also use the summer to rearrange the mortgage to my advantage so the interest rate is much better. :T
But there lies the issue. It doesn't make financial sense for me to directly overpay any more. Instead I'm putting the money into a savings acct that beats the mortgage interest rate. It's not going to be touched for any other purpose though, I'm determined.

Can I still be in the MFW challenge?
If so, I have another £1000 payment to report.

Hi talana,

Please stay..... report your savings if they are for the MFW in you to pay later....

zavarony

cheeryoleary wrote: »

Woop! No longer a MFW! Been waiting to reply to the above post for a while.

Five weeks ahead of plan. Well…. actually 17 years and 10 months ahead of plan. Today I only have self created credit card Stooze debts and have placed a limit order on my share investment. I even came out of this with enough to pay the remainder of my Council Tax for the year. I’m keeping the mortgage with a small balance as I have an outstanding complaint, which fingers crossed will result in a small amount of compensation.

So that’s it! All that’s left for me to do is wish you all well and end with a picture.



Cheers!

HI Cheery,
WHat a journey..... thanks for the inspiring comments you have made on here - its been a real pleasure..... you will be missed, so please pop in from time to time and remind us all why we are doing this

GOOD LUCK and enjoy that MF feelin
xx

zavarony

Hi all,

I can tell you now that we are doing well, on our way to acheiving £1 million overpayments by the end of the year......

Octobers figures are

TOTAL OP'D YTD - £50710 / £777362

WOWeeeeee - :j :j :j :j :j :j :j

ZAV xxxx