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

Aless

Sorry to have caused you some problems FB and thanks for sorting out my percentage!

brizzledfw

Hi all

Just managed to phone bank and have actually reduced my balance to £202,868.00:beer:

I am SO pleased. Better than I thought..

Will update googledocs now but FB/Maz i will completely understand if I have missed the "update" boat and either way it will not exactly change my place at the bottom of the league table:o but then again the only way next can be promotion:D

Have fun all xx

loopy-juice

brizzledfw wrote: »

Hi all

Just managed to phone bank and have actually reduced my balance to £202,868.00:beer:

I am SO pleased. Better than I thought..

Will update googledocs now but FB/Maz i will completely understand if I have missed the "update" boat and either way it will not exactly change my place at the bottom of the league table:o but then again the only way next can be promotion:D

Have fun all xx

FB. Any chance of a 'league table' based on percentage paid off?

abouttimetoo

Hi all

I've just caught up with our lovely year one chart, thanks so much FB, we all really appreciate your hard work!

I'm still in the red and quite a bit of shortfall but I'm still really pleased with where I am. I've just sneaked an extra small overpayment in of £111.42 to mkae my end of year balance a nice round £78,500 (Billy/WynnVegas, if you are reading I know you will approve )

You are all doing so great and extra special congratulations to those of you who are in the green and have even fully paid your mortgages off :j:j:j

maz123_2

Evening folks,
i'm late in updating, i just can't believe this year has gone soooooo fast! :eek:

Anyway i'm down to £31986.41 I've got some money saved and could bring it under £30000.00 by the new year. BUT, the lovely weather means that i need some building work doing and i don't know how much that's going to cost I'm a little scared to find out if i'm honest as well, but got to get it sorted as i'm heating this side of town at the moment.
Plus the car broke down as well, it seems to be one thing after another but the offset mortgage is working well and i've been able to pay for things instead of panicking and borrowing, i must have grown up along the way.
Well done everyone,merry christmas and FB your a star :A

maz x

hypno06

I forgot to post my total! Sorry - it is £173,337.76 if you could add it in to the table please FB!

The next few days see a big change for me - I exchanged contracts on the sale of this house and the purchase of a smaller one - so I will be able to clear my non mortgage debt and have a very slightly smaller mortgage from next week.....meaning I will be a true MFW and able to tackle the overpayments with a bit more vigour

wynnvegas

abouttimetoo wrote: »

Hi all

I've just caught up with our lovely year one chart, thanks so much FB, we all really appreciate your hard work!

I'm still in the red and quite a bit of shortfall but I'm still really pleased with where I am. I've just sneaked an extra small overpayment in of £111.42 to mkae my end of year balance a nice round £78,500 (Billy/WynnVegas, if you are reading I know you will approve )

You are all doing so great and extra special congratulations to those of you who are in the green and have even fully paid your mortgages off :j:j:j

Very much so... Well done!

Loopy - a league table is a great idea. A wee bit of friendly competitiveness never goes amiss - that and I can't be knocked off the Champions League places...

Cheers,

Billy

financialbliss

loopy-juice wrote: »

FB. Any chance of a 'league table' based on percentage paid off?

loops-juice,
Nice idea. A bit of motivational rivalry

Think this would be better based on actual money paid off, rather than in percentage terms.

Chances are that that's feasible - just need to work out how to present the data / do a chart.

I'll have a look this evening and report back any progress made.

FB.

Welshlassie

Thanks for the new chart, looking great. Glad we are so far ahead, although it won't be the case forever, it gives us a good grounding for the next 6-9 months as I'll be on maternity leave until next summer. I had a little girl last Friday 10th (for those that want the statistics - Charlotte Megan, 8lb 5oz born at 10:37am) so won't have quite so much spare cash for a while and likely that the challenge will take a bit of a back seat for a few months while we work out the extra expenses and income that we will have.

Well done everyone.

A league table is a great idea, but think a percentage table may be better, especially as different people have different earning potential and therefore will have different capacity to pay of larger amounts. Just my tuppence worth.

tiddles

CONGRATULATIONS Welshlassie! :j