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

TheBees

We totally agree with everyone saying the cost of food, petrol, fuel etc is costing us a lot more these days and there's not much we can do about it apart from watching the pennies, sticking to a shopping list, insulating our homes etc....:mad:
Our challenge of repaying £9K off our mortgage is a relatively small one compared to some people on here who are managing to pay off huge chunks. However, the way I see it is that the more we manage to pay off now, means that when our pathetic, underperforming endowment matures in 2014 we may have some money left over, or if not, at least the mortgage should be paid off very much sooner if we hadn't attempted this challenge.:TEach £100 we pay off now is a step closer to mortgage freedom and then of course we'll be helping our teenagers buy their first homes!!!!:eek:

puddle96

174
Sorry late as usual but have recorded £28,000 by google docs.
Missed the last update as busy doing frivolous things like marrying off my daughter and holidaying.
Like everyone else my cash is being squeezed and without a miracle I won't be MF in 3 but I'll still have made a rather large dent in the mortgage I hope.
Well done to everyone for your MF achievements great or small and thanks for running the challenge FB
Puddle

RosieTiger

Hi FB, that chart does not appear to have picked up our update. I used Google rods.??
figure submitted was £38,808.
Can thus be added in?

Trying_to_be_good

Thanks FB and Maz - I've slipped into the yellow at 48.5% as I'm not yet counting my offset savings as I don't know what I'll spend between now and teh end of the challenge - there's a possibility of voluntary redundancy which I'm seriously considering. The MFI3 challenge would then be off, but with a lot of savings to see us over a couple of years of me spending time doing up the house and garden. An opportunity that's only possible because of the prevous and current MFI3 challenges.

Well done everyone, no matter what colour you are this update!

black_taxi_2

thx FB

30% first half---will try for 40% second half

well done everyone

black_taxi_2

sorry forgot maz

thx

Mat_Money_saver_wannabe

Sorry I am a little late in posting.

Have just received an update letter. Outstanding balance now stands @ £79K. Although not completely on track for my target I feel quite good to have broken the £80K mark. :o:D

Still thinking of ways to take bigger chunks off the capital. The quicker the capital reduces the less interest is paid.

Keep up the good work everyone :T:T

Courgette

Woo-hoo! We're at 70.43% of the total paid off! :j:j:j

financialbliss

Oops. I thought yesterday was a bit of a disaster. Fully intended to post chart 07 later in the evening, but got some unexpected company and once the wine had been out, didn't feel like firing the PC back up

Still, I've just done a few updates, plus I'm about to look at a few oddball cases. I'll try and get chart 07 posted too.


But, it was mentioned a few weeks ago that there's a fair few people that haven't posted any updates since the challenge started. Don't worry, it wasn't compulsory, but I said I'd PM everyone to enquire if anyone wanted to officially drop out, thus freeing up a slot.

Well in true FB style (ie a little later than I expected), here's the list of dormant challengers:

3. Lunar Eclipse
10. RoxieW
14. catshark88
17. aliwali
22. Horse Owner
31. Aaagh
33. MagsyB
36. plzhelpmesave
39. cojaq
45. princessdaisy2k
50. coco2972
53. fabfuture
54. atypicalblonde
59. surrobeth
68. wacker293
71. kissjenn
72. Maslowe
74. Mamasaver
75. cosmokramer2004
78. Keefington
82. Wanna Be Mini Dave
87. Hels50
93. seese75
97. benbenandme
105. Mortgage Monkey
110. kiwigirl
112. icarrynocash
114. minimoocow
118. claire2273
123. canadiangirl78
132. Scan
136. FunnyRabbit
148. BlueBellsdream
151. lowtidesurf
155. Batfink
161. VickyA
162. improvideadaptovercome
164. milliemonster
167. debt free gonnabe
176. jazzyjustlaw
181. zavarony
186. matt696
187. cmuk
188. Tartan Mum
190. rsdiscos
203. genty
205. Mortgage-free-2010

At some 47 :eek: people, and not being able to PM groups of people, they will all need to be PM'd individually and at one minute intervals, this is probably going to take over an hour, so I'll break up into blocks which I'll do throughout the week ahead.

If you happen to be reading this and your name is in the list above, if you want to leave the challenge - a PM would be appreciated.

Thanks,
FB.

financialbliss

Good news is that we have three new challengers who are mortgage free or fully offset:

mummyofonechild (138)
Jonsey Bonsey (177)
SparkleBlack (15)

Well done to you three - brings the grand total so far on our mortgage free roll of honour to 8:

https://spreadsheets.google.com/pub?key=tks17oKUg5u0jJOsscg4G1Q&single=true&gid=5&output=html

Financial Bliss / Maz123.