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

Captain_Pie

curlygirl1971 wrote: »

Todays Balance £29962.51

So.........is there anyone else out there that has a balance almost the same as fellow challengee - can you squeeze a little more out to match it?

I'd love to try and match your balance curlygirl, but I fear paying off over £100k in one hit might not be possible

If only it were..... :rotfl:

curlygirl1971

Bet you live in nicer house / better area. It's all relative

black_taxi_2

curley girl i will hav very low o/p jan/feb/march ----hav a tax bill an holiday to pay for

im looking at downgrading my car----hav a golf gti/£150 each tire/insurance has shot thru the roof this year with 4 years--no claims

black_taxi_2

down grade of car is off----if i trade in ----its not worth the value v savings

jan is a killer month for me----serious bills

ive also lost my full sunday shift this week---owner wants to work p/t sun----so thats me down £50 a week(another unknown in my MF journey)

extended my MF date to 12/3/2015

hoobydoobydoo

Have just updated via google docs:

#49 balance is £1233.11 and should be clear by the end of February 2012

#50 balance is 109330.51 and should be below £100k by 12/12/12.

Best wishes to all
Hooby

littlefred169

No 194 reporting in a balance on £92460.26. Unfortunately I don't think I'll be able to make any more overpayments for the foreseeable future as I'm getting an £8-10k reduction in pay as they switch us from on call to shifts which basically means I do the same thing for a lot less money. Ah well I'll keep plodding forwards....

black_taxi_2

thats some cut fred

heard steel workers up north are taking a 50% cut

this reccesion is much worse than last--because if you refuse diff shift or lower wage theres no jobs out there

littlefred169

Yes a 1/4 of my wages. I think I should be OK but not savings or mortgage overpaying for me! I will keep plodding on and overpay when I can but just not as frequently as I like!

RosieTiger

I think it's clear that for lots of people things are beginning to bite - the only saving grace for those on this forum is that we are all probably in a much better place than if we had done nothing!

Curlygirl your not the only one who does that either!! We do too and I have always been happy to declare that to them. It all helps the motivation.

RosieTiger

Latest position for us as of tonight £14,974 :j:j:j

Decided to sell some shares we had having grown very tired of seeing the amount of fluctuation on price. This would have been fine if we were looking to the long term but we had always planned to use them on the mortgage so decision was easy. Timed it well and happy with the price.

If we continue with the same DD payment ( which we have not dropped since being on over £140,000) my spreadsheet now says Jul 2013 to finish, but we are still aiming to make it for the end of this challenge.

Lots of spending next year but we still hope to make it.

Can't wait to see the combined results :T:T

Thanks once again to FB :T