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

manka04

To everyone and special thanks to FB,This is my first time to post although i watch/read the words of encouragement from this forum every week.As a result we have managed to reduce our Mortgage by £40,000.We started with £60,000 and the remaining amount is £20,000.THANKS EVERYONE.

Manka04

Daisy_Duck

mummyofonechild wrote: »

so will definitley be MF by the end of the year

Awesome! Well done! :j:T

mummyofonechild

Daisy_Duck wrote: »

Awesome! Well done! :j:T

Thank You Daisy Duck :j:j:j

adwat

Hi, just been looking through the "Who's updated" form on page 1, and about 33% of us have "dropped out" (no updates for 3 charts or more). Maybe time to remove those entries. Do you think that's a good idea or should they be left in as reminders of who's fallen by the wayside?

Superfast_Gran

adwat wrote: »

Hi, just been looking through the "Who's updated" form on page 1, and about 33% of us have "dropped out" (no updates for 3 charts or more). Maybe time to remove those entries. Do you think that's a good idea or should they be left in as reminders of who's fallen by the wayside?

Having been one of those who didn't update for while because of health reasons, I would say no. We don't know the reason why they haven't, nor that they won't come back like I did. Perhaps through circumstance changes hey haven't been able to overpay much, again like me, and so are a bit embarrassed to show how little headway they're making.

Bottom line, we don't know! Keep their line open I say, please.

RosieTiger

It would be good to have everyone who is in the challenge updating regularly though. The more doing so provides encouragement for the rest of us, so whether we encourage the ones who haven't so far to start, or bring in new people to replace them doesn't matter to me, but the more doing so the better.

gerbiljo

I hope no one feels embaressed the aim is to support each other, any overpayment is good

RosieTiger

gerbiljo wrote: »

I hope no one feels embaressed the aim is to support each other, any overpayment is good

Totally agree with you, this is after all a forum for helping each other and encouragement. I just think the more doing it the merrier so would want to see as many as we can involved.

Great to see some new entrants on the hall of fame too.

golfiematt

yeah i agree, we all need to keep each other going as it can get hard to keep up the motivation!

black_taxi_2

stages of a MFW

1.at the beginning before MFW challenge your eager for it to start
2.it starts your excited make first payment prob a decent one to get going
3.you find out monthly you have expected/unexpected bills
4.you have to revise target as you were over/confident or under/confident
5.you find you cant make payment one month--feel down(thats ok--as long as you dont take on new loan/debt)
6.one year is reached and you feel it has passed quickly
7.on to 2nd year and time seems slower for end of each month
8.a dangerous stage ---you become bored/impatient/ seems never ending-possiblity you will give up or take on new debt
9.solutions--read other threads who hav become MF(they over-came same problems--but reached the end)
10.hav a month break--treat yourself to a nice restaurant/weekend away
11.look back at highest point of mortgage/debt at start--see where you are now(being lower is a huge acheivement)
12.access yourself daily---today im thinking what i hav acheived so far---well im 25 days from sticking with MFW till half way stage.
13.if you are struggling put it up on thread--your not alone
14.you can break it down--many targets---£100/£500/1k/5k/10k barrier
15.take encouragement for the few that will reach 12/12/12 MF
16.think 12/12/12 ---for me i wont be MF but effort will make sure i am not far away 12/12/15

stick with it everyone