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

loopy-juice

Well. I'm at 101 on the fourth chart with 23% paid off. I looked at the top and saw all the people who had 100% and those already close to completing. Very inspirational. No problem with this.

mortgagenomore_2

I am not in the top 50 but i still find it inspiring to see my fellow MFI-T3ers doing well and motivating me to keep my overpayments up!

loopy-juice

Lynne11 has done well in the last two charts:T

gallygirl

I'm all for analysing figures in as many ways as possible. Anything to motviate people, and if one doesn't tickle your fancy there is an alternative one. And there's always next time (as I consoled myself with earlier :rotfl:)

golfiematt

exellent chart from cake, nice to see my progress thanks

cha97michelle

Actually, i think we are all grown up enough to either look or not look depending on what we want to do. Thanks Cake for adding on the extra people so i could see better for myself how i fit in.

Isn't it human nature to want to know where we fit? I always look at percentages anyway to see how i roughly fit, and want to then do better next time, and this chart shows me i am kind of doing that.

At the end of the day, we are all doing so much better than the general population who are not overpaying at all.

Thanks so much to everyone who takes part, and in particular Maz and financial bliss. It is all who post who help to encourage me. I can't wait to see how we do next time now.

financialbliss

cha97michelle wrote: »

At the end of the day, we are all doing so much better than the general population who are not overpaying at all.

Wise words indeed cha97michelle. I've snipped most, but left the most important part (IMHO).

For many people, the massive drop in the base rate and/or end of a deal on a fixed rate mortgage, means people may have a lot more disposable income not being channelled to the mortgage.

Keep paying the same amount once off a fixed rate, or reduce payment and have additional monthly spending power - for some it's a no brainer.

Myself, no doubt like others here can see the bigger picture and aim to massively reduce or clear their mortgages. I think we haven't seen anything just yet regarding the government spending cuts and I expect a bumpy two to three years.


I've now created an "official" percentage chart. I was put off this initially thinking it would fill up as I think has already been mentioned, but I see that the end of the rainbow (189) and egon (63) have already exceeded the 100% mark.

Obviously the percentage calculation depends on your original pledge though.

I'll probably add in the remainder of the challengers tomorrow, but between the two charts, I think I prefer the "by value" one.

Here's the link:
https://spreadsheets.google.com/pub?key=0AnhcWfGMRVgddGtzMTdvS1VnNXUwakpPc3NjZzRHMVE&hl=en_GB&single=true&gid=36&output=html

I'll also add to the list of charts in the first few posts - again probably tomorrow now.

FB.

mortgagenomore_2

Oh so excited at my tables
Table 1 - 46
Table 2 - 34
Table 3 - 29
Table 4 - 19
Fb & Maz you really do keep us inspired with all your charts whilst mine is not the biggest mortgage this spreadsheets we all know you work so hard on keep us focused on the challenge, thanks again MNM x

black_taxi_2

actualy was a bit confused what 2nd chart meant---im ok cake21 now

it just means as you finish paying off mortgage you go to the top

im fine with that

gallygirl

Don't like that one either (not on it at all :rotfl:).

What else can we do? Most spent on a kitchen? I'd be up high on that one