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

financialbliss

Quick post. Up to date with the updated supplied via the form. Still need to trawl the last few pages for updates in this challenge only.

Would help immensely if you know you've only done an update on the challenge if you could repeat via the update form. Link on first page of challenge plus my signature.

I've just linked teapot2's entry on page 1 to her diary.

I started linking entries to diaries, but I may have missed yours. Make us aware of it by posting here, a PM or even put a comment in the update form and we will link to it.

FB / Maz123.

spidystrider

Filled in my google document this morning but don't seem to have been updated yet.

financialbliss

spidystrider wrote: »

Filled in my google document this morning but don't seem to have been updated yet.

Hi spidystrider,

It's not as simple and automated as you may think. The MFiT sheet is one sheet but has a number of sheets contained within it. Currently has 9 (off the top of my head - google docs blocked from work) individual sheets. Some sheets are a summary of other sheets, eg the updates sheet and the chart summary.

I've got the form configured to push the data into a holding sheet.

This then needs to be manually entered into the appropriate chart, as this can not be automated.

I'm putting the information to a temporary chart. I just need to copy the current balance column to the real chart 03, which is already published and the percentages and shoftfalls etc get updated.


In short, I need to manually process each update as it's received.

Hope that helps. Will be checking and updating this evening.

FB.

spidystrider

Yes thanks FB, that does help. Sorry if it sounded as if I was rushing you though. I hadn't realised how complicated it was and I'm grateful to you for putting the time in.

I am really going to try to update at regular intervals from now on .:A

Best wishes,
Allison

gerbiljo

Well I am looking forward to this update. We deliberately underestimated how much we could pay off a month to allow for some building work to take place during the 3 years so we have gained some headroom. Well that time has come. Next month we will not be making any overpayment at all (unless anything works out cheaper- unlikely, or we end up with more money that we think we have) and so will have some ground work to make up. This has worked out well for the updates, if we really try hard and are clever with our money I think we could just scratch through at green for the december update and that is the aim so we can start 2011 well. This will involve the use of an interest free credit card, last time I had a credit card my parents took it away and cut it up so fingers crossed my new MSE knowledge will mean this works out well!

Good luck everyone

LouiseJ

still plodding along but getting further and further behind my target:o

Still managing to pay the £196.21 standard overpayments on the DD but struggling to find anything extra.

pawlala

Got my car insurance coming up in Oct so I won't be saving as much, but so far (Start of Sept with 4 more paydays to come) I've managed to save 79% of my 2010 target, and 20% of my MFIT-T2 target.

Lloyds vantage accounts are taking a hammering. Make hay while the sun shines, so to speak.

I anticipate at the end of the year I will have reached 119% of yearly target and be 30% towards 12/12/12.

Daisy_Duck

Hi everyone

Just sent my figure in via the docs form. Am keeping fingers crossed to be in the green, think it will be a close thing!

Good luck to all!

DD

the_end_of_the_rainbow

No 189. the end of the rainbow reporting in.

MFIT2 Challenge = Reduce my mortgage from £107,243 to £53,621.

Current balance = £81532 so hopefully in the green.

Have decided to move a large chunk of savings to mortgage so balance has reduced significantly in last few months. Will start to slow down soon.

Have updated Google docs.

Thanks again for all your hard work FB / Maz

abouttimetoo

Hi all

Can't wait to see this months chart! I normally OP on the 20th of the month but I did it early this month so that it could be included in the chart

I'm still quite a bit behind target but I knew this would happen in the first year of our challenge. You're all doing sooooo well

FB, thanks so much for all the work on this you do for us