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

teapot2

Just voted in the poll. I'd deffo be interested, its been a real inspiration for me as has this board generally. We started on £58000 and wanted to get down to £30000 by the end of the challenge and are on target to manage this :j. Hopefully another three year challenge would see us clear the whole thing:beer:.
Thanks as ever FB for doing the spread sheets [shudders]

financialbliss

Posted to "poll" thread and MFiT-T2.

I've spent much of the little free time I've had today "in" google docs.

I've cloned the MFiT-T2 charts and have been having a little play around with them.

I've some ideas, which would result in some extra up-front work, but less ongoing work.

I had a figure in mind of about 25 to 30 challengers below which may not be worth running a challenge. The little poll I started is already up to 15, so I suspect in the coming weeks, we may hit 25 or so.

No promises just yet, but watch this space as they say...

Financial Bliss.

black_taxi_2

FB---with you clearing mortgage--id thought you would start a savings challenge---but all credit to you for offering to do another 3 years--MF

RosieTiger

Shameless bump - page 4 when we are in our final year of the challenge is just not good enough!!

curlygirl1971

Sorry RT I will try harder in future

I OP'd £32 this week which was Quidco Cashback plus a little rounding up

Kaz2904

I'm still in the yellow after the latest update but I can live with that, when I look at what we've done over the last 2.5 years in the house and with car buying etc, perhaps £46000 was unattainable but we'll get near enough.

shop-to-drop

I couldn't resist making an overpayment this week. I have been saving for holiday spending money and haven't even booked a holiday and doubt we will do anything very much so left £1000 in there and overpaid £900. Our mortgage is made up of £60,100 original loan and £5000 additional. This additional is really bugging me as it was for home improvements which cost a fortune and probably didn't add too much to value given the down turn. Don't regret doing it as wouldn't want to live here without them but shouldn't have spent so much. Anyhoo would love to clear that so we don't have to think about all we spent.

curlygirl1971

Hi guys

Just incase youve not spotted it.......Cha97michelle started a thread, last year, for MFW's called 'All the small things....' Most of the time I guess its just motivating us to be bothered with the small things but every now and again I discover something new and genuinely helpful. But we could do with some new blood / new ideas.....please drop by when you get the chance and post if you think of something even if it's a small and/or common sense saving.

I worked out recently (cause i'm sad like that) that 73% of my OP's can be attributed to being bothered to do the little things and by thinking about my purchasing choices - this has meant 52 months off the life of my mortgage :cool: so check us out sometime!

Thanks

https://forums.moneysavingexpert.com/discussion/3061466

black_taxi_2

heres a small fact--dec 2009 at start of MFW--fuel price was 108p now its 143p

Jock_Tight

black_taxi wrote: »

heres a small fact--dec 2009 at start of MFW--fuel price was 108p now its 143p

I can remember being able to fill my tank for about £45, now its hitting £70

I do around 15k miles a year and by my calculations its costing me an extra £800 a year in fuel compared to 3-4 years ago!!