The Mortgage Free in Three - Take 2 challenge (MFiT-T2)

financialbliss

The more observant of you may have noticed that I was intending to publish 3 charts today.

As I guess you're spotted, I've done Chart 01. I've done a bit of spring cleaning on post #5:
http://forums.moneysavingexpert.com/showpost.html?p=17475827&postcount=5

and in doing so, have also published Chart 02. Why?

There was quite a few "Think I'm in the green zone, or I may be green, but could be yellow" etc. So, with the new "Shortfall" column, if you look at your own entry for Chart 02, this will tell you how much you need to reduce your mortage by to get into the green zone.

Some of you are already quite ahead of the curve and are in the green zone for Chart 02 already, and others are just of the edge of it switching to green, eg starbucks (180) needs to just pay off £100 to be in the green zone when the next chart lands in June.

Hope that helps for payment planning for the next 3 months...

Enjoy

Financial Bliss / Maz123.

Kaz2904

OK, I admit it, I'm a geek!
I've just worked out that I only need to pay off £121.98 to hit the yellow target for the next chart! I will need to repay £3571.98 to hit the green- let's hope I manage to do that he? That works out as £1190.66 each month after interest has been paid and leaves me £172.82 each month between my monthly payment minus the interest I'm charged. (If anyone can figure out what I mean- I couldn't quite work out how to word that).

Righty ho, off to have a further nose at the charts!

taka

Wooohoo! Thanks FB and Maz!

loopy-juice

Thanks to all involved in this. Came in a yellow as expected, but have an endownent coming through next year which will pick up any shortfall.

mrs_deadline

Thanks FB for the effort you've gone to. Well done to everyone in the green zone, hope to be joining you there by the later stages of the challenge!

Daisy_Duck

Thank you FB

Nearly in the green, fingers crossed for June!

DD

LilacPixie

opsie I didn't get chance to update in time. I have sent it via google docs hingy now. By net quarter i may be far far into the red. I have found a new house but it means a 20k increase to current mortgage so oh well.

Kipper

Thanks FB & Maz. The charts are a fantastic incentive. Well done to everyone so far, considering Jan & Feb are always tricky with post Christmas bills etc, we've done really well. Happy days!

financialbliss

financialbliss wrote: »

Chart summary.
The chart summary gives an overview of each challenge member for each chart and provides an easy way to view progress throughout the challenge.

Chart summary: Chart Summary

Ok. Third and final chart of the day. Drum roll...

Introducing - The chart summary - a nice little simple chart so you can see at a glance where you are within the challenge roadmap. Also shows a total paid for each chart.

Quote taken from post #5, where you can find the various charts.

Challenge update form and Who's updated in post #4.

Financial Bliss / Maz123.

Kaz2904

fb, do you want regular updates from us or would you rather we only update just before the charts come out?