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

foxblade

Hi, Any "free" slots left? Just read though the entire thread and I think there is one more? If so I would love to have it I'm on £66,000 and my aim is to get to £20,000 by 12/12/12 - I paid off £1000 on July 26th 2010

financialbliss

foxblade wrote: »

Hi, Any "free" slots left?

Unfortunately not

Just had some figures from Joney Bonsey frm the original MFiT challenge who's now re-mortgaged and wanting to clear his mortgage again. I'll get him added into the charts / post #1 this evening.

FB.

taxi73

Another £1705 in savings today towards mortgage..so now in the £25ks...

shaz_mum_of__2

I have been awol but still op'ing when is the next update due ?

TIA
Shaz

greent

financialbliss wrote: »

Unfortunately not

Just had some figures from Joney Bonsey frm the original MFiT challenge who's now re-mortgaged and wanting to clear his mortgage again. I'll get him added into the charts / post #1 this evening.

FB.

foxblade wrote: »

Hi, Any "free" slots left? Just read though the entire thread and I think there is one more? If so I would love to have it I'm on £66,000 and my aim is to get to £20,000 by 12/12/12 - I paid off £1000 on July 26th 2010

Come and join this MFW challenge instead? : http://forums.moneysavingexpert.com/showthread.php?t=2062237

wynnvegas

Stupid OCD! Tried to put my massively impressive 2p interest gained from the savings account (now emptied so any interest should be a wee bonus!) into the current account but instead put it toward the mortgage. Now, £8,999.98 doesn't fit into my round number strategy so I've lopped another £999.98 off to take a grand total of £1,000 off today. That's today's example of less than successful male multi-tasking!

Thanks RosieTiger. I think understanding the true value of money from a very young age (aka not having any) has helped us focus on an end goal well before we left uni and bought a house - it's unfortunately turned me into a debt-phobic idiot at times!

Cheers,

Billy

warrior_princess

hi all
i apologise for the not being in touch. Personal issues had taken priority.
We managed to save a lil bit despite all things considered. Since the onset of the challenge this is our current situation.

Dec 09 - 145k
Aug 10 - 133k
Offset - 26k (Was £36k but spent £10k on a new car this year)
ISA 1 - £5100
ISA 2 - £5100
ISA 3 - £8000

so we are on the way to be mortgage free . Fingers crossed we'll e able to manage to clear the balance in the time span

curlygirl1971

shaz_mum_of__2 wrote: »

I have been awol but still op'ing when is the next update due ?

TIA
Shaz

Pretty sure it's before 12/09 but check first post to make sure

curlygirl1971

On Saturday I went into my bank with £45 birthday money in my hand with the cool calm thought-out intention of paying it into my Current Account ready for my CC Payment. I have recently treated myself to a Humax Box (Financed in part by Clubcard points vouchers used, Clubcard points earned, Bonus Clubcard points earned, Cashback earned, £10 part refund for late delivery and crappy customer service ). This, amazingly, means that I have a piece of technology from the current millenium in my house. Wow. Anyway as I was directed to 'Cashier number 3 please', like a Wild West Gunslinger with Quick draw skills I plunged my debit card into my bag and drew out the mortgage statement that had arrived that morning and asked that the £45 be put on that roll number instead .

Still need to find £45 though. Hhhm...more of a nervous tic than a carefully thought out financial transaction. Now I don't want anyone worrying thinking I've put something on a CC and don't have the means to pay it off in full. It was put on CC as it's the new Halifax Clarity Card and as a current account customer, if I spend £300 a month I get £5 reward on the Credit Card (And by the magic of spreadsheet accounting such £5's will of course become mortgage OP's). I have savings but I'm not allowed to fund the Humax box from these - it has to come from my spending account. Am going to have to tell the BF that we can't go out this weekend, and the next.....we'll have to watch one of the many wonderful [STRIKE]documentaries,[/STRIKE] [STRIKE]period dramas[/STRIKE], things I've recorded on my lovely Humax box instead :rotfl:.

wynnvegas wrote: »

Stupid OCD! Tried to put my massively impressive 2p interest gained from the savings account (now emptied so any interest should be a wee bonus!) into the current account but instead put it toward the mortgage. Now, £8,999.98 doesn't fit into my round number strategy so I've lopped another £999.98 off to take a grand total of £1,000 off today. That's today's example of less than successful male multi-tasking!

Doesn't sound un-successful to me! My idea of rounding is to the nearest £1. Gosh £10 if I'm feeling flush. Well done. And well done Taxi73 too!

financialbliss

curlygirl1971 wrote: »

Pretty sure it's before 12/09 but check first post to make sure

Spot on curlygirl. FYI see post #4 at the start of this thread.

Any time before 12th September would be ideal, but as per usual, chart will probably be left open until the end of the month before it becomes locked.

While on the subject of charts, I've realised that there's no "analysis" been done for chart 01 or chart 02.

I'll try and get that done this week - an ideal would be to create an analysis chart where you feed in a chart number and it does the number crunching automatically.

Failing that, I'll just publish some numbers in the interim...

FB.