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

cazmanian_minx

Number 6 updating - down to an interest-bearing balance of £121,261.07. Still in the red zone but moving in the right direction!

tattycath

Seems to be all work and no play for me at the moment... Hopefully I'll be able to update google docs either tomorrow or saturday-right...back to work!!

black_taxi_2

forgot about the stock/shares i sold--3 weeks ago £980---in my bank today

will put towards jan payment

Kaz2904

It's a bit scary isn't it what with all of this recession busting that the companies are trying to do? What's the betting that when the situation does actually improve though, things don't improve for the workers? 25% off your pay is quite a high reduction, I feel for you.
Apparently (my uncle was telling me last weekend) the people on the lowest income £37k or less for a family have seen a reduction of about 6% of their money. The next bracket up have only lost about 3% of theirs and the highest bracket have lost 1%. That's fair isn't it?
Then you get people like my sister who find their money increasing all the time and not working a second. It makes me cross. Especially as her OH works cash in hand and they live together but she's on benefits as a single parent. Even worse, they've been investigated and got away with it :eek:. .

someday_soon

Evening all

Well, where did the last 2 years go?
Have updated a total of £19,314.72 which will need updating in my signature, almost £40,000 reduction in 2 years which we never dreamed possible-2 wages totaling 32,000 and a couple of small mouths to feed too. If this coming year goes OK we might just get over the line, but in all honesty we don't really care that much. The weight of our solitary remaining debt has pretty much gone and there are plans for a better future.
Good Luck in the final year everyone!!

Someday Soon

RosieTiger

black_taxi wrote: »

forgot about the stock/shares i sold--3 weeks ago £980---in my bank today

will put towards jan payment

Well a forgotten £980 is always welcome, must go and stick my hand down the back of the sofa !:rotfl:

lunar

Just updated and our new total is £119000

would you mind changing my target to 115000. we were originally going to use savings to pay the extra when we get out of the fixed period but think we want to keep our savings where there are with the way job cuts are going! Managed to save 10000 so far so we would have been on track.


Thank you so much for all your work on this challenge.

Kaz2904

How about you just include the savings as if they were offset so you aren't 'doing yourself out of' any overpayments you've made to savings instead of mortgage account?

Trying_to_be_good

Kaz2904 wrote: »

How about you just include the savings as if they were offset so you aren't 'doing yourself out of' any overpayments you've made to savings instead of mortgage account?

Great suggestion - I've started including my ISA savings in my 'reported' balance to FB, but not the savings yet as I'm spending some on doing up the house (£1k for the oven I want!). Must buy some paint today... I should've put that on my Christmas wish list!:D

curlygirl1971

Hi Guys

Just updated via google docs ready for 12/12. Extra OP for Dec has now hit the mortgage and balance is now a rather sexy looking £29490 (instead of £41674 without ever having made an OP :eek:)......but now I'm lusting after that £28999

62 months have been shaved off the mortgage life. Daily interest is approx. £2.92 instead of £4.01 without OP's.

All my xmas pressies are bought and the one's that have arrived have been wrapped. All xmas cards posted (Using franking machine at work and reimbursing petty cash - much cheaper than buying stamps) or hand-delivered. This level of organisation at this point in the month is a a complete first for me . So I just throught I would boast about it. It's taken 6 months of hard slog but I've finally got to the 1st mark in my weight loss - another one to go. Chuffed so I thought I would share that as well :rotfl:before I ruin it with mince pies, roast parsnips, cheese, pate, port, chocolate........no, no, no, don't worry - I'll have a treat but I won't go on the rampage

Have a WONDERFUL xmas everyone. It's been a challenging year for most people as budgets have been squeezed. I know that many many people have it incredibly tough right now with no sign of any improvement anytime soon. I feel very lucky to be in a job at the moment although I'm sure I'm not alone in thinking "How much worse is this all going to get for us as a collective / is it going to slap me personally round the chops at some point in the future". It actually does scare me. Thank-goodness I saved up. Thank-goodness I started OP'ing.

(Sorry, I never manage to keep is short and sweet)