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

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Comments

  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    got some bad news---my owner of taxi says im losing 1 day a week 5/7 instead of 6/7 and all overtime.hes employing a p/t 2 days for extra income.

    this means i now have zero chance of MF in three--prob 5years---but i will stay with thread and see how low i can get.
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • black_taxi wrote: »
    got some bad news---my owner of taxi says im losing 1 day a week 5/7 instead of 6/7 and all overtime.hes employing a p/t 2 days for extra income.

    this means i now have zero chance of MF in three--prob 5years---but i will stay with thread and see how low i can get.

    Sorry to hear your news bt! However, keep going with the challenge and you might surprise yourself.

    It's quite addictive watching our balance go down more than it would have without overpayments and other people cheering you on. It also doesn't matter if you don't actually make your goal - we didn't with the previous challenge through both job & Health circumstances changing for the poorer. The point is to try as much as you reasonably can and you will be better off at the end if you hadn't tried.

    Good luck xx
    :( Struggling too much wears a body out :cry:
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    thx superfast gran

    i will keep at it
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • Another o/p this week of £200 - not as much as I'd hoped due to car expenses, new washing machine and freezer. At least the freezer will be handy later in the year when I freeze lots of veg that I'll be growing on my new allotment!
  • Just doing my monthly update. Due to getting part of my pay early (only get paid every 6 months :() I have been able to pay £8163.77 off my debts this month taking my MFiT(2) total to £11172.37 and 12.3% paid hope to be in the green zone when the next chart is done :j

    DTxx
  • curlygirl1971
    curlygirl1971 Posts: 1,367 Forumite
    Part of the Furniture Combo Breaker
    Pawlala

    Just looking at your signature - fantastic achievement but HOW ON EARTH HAVE YOU DONE IT? Can you impart any MFW wisdom to a mere-mortal ;)
  • Double_Trouble
    Double_Trouble Posts: 4,375 Forumite
    pawlala wrote: »
    what job do you have to get paid biannually?

    I am a company director so my pay is dividends which are paid twice a year that's why we got in such a mess trying to budget over 6 months is really difficult and when we ran short there was always a handy credit card to fall back on :o

    DTxx
  • golfiematt
    golfiematt Posts: 275 Forumite
    Mortgage-free Glee!
    keep up the challenge black taxi. things may change in a few months, you never know whats round the corner, good luck
    Mortgage free:beer:

    [/COLOR]
  • black_taxi wrote: »
    got some bad news---my owner of taxi says im losing 1 day a week 5/7 instead of 6/7 and all overtime.hes employing a p/t 2 days for extra income.

    this means i now have zero chance of MF in three--prob 5years---but i will stay with thread and see how low i can get.

    That's bad luck BUT good luck could also come your way as easily. We haven't got a hope of doing it in three either so what we are doing is taking it in 3 year stages. So stick with it like us huh?
    No longer half of Optimisticpair


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