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

cha97michelle

pawlala wrote: »

meltdown after they put the kettle on!

That's the one. Not too bad on that one i think as i have an energy saving kettle that boils in seconds and only boil what we need. I did go and turn 3 (energy saving) lights off after it ended though.

I was thinking it might encourage me to turn the telly and computer off a bit, and perhaps move around a bit more with the kids instead of flicking the heating on. They never say they are cold but i feel it.

I could also bulk cook more to make better use of the oven and stop my tiddler opening the fridge door every two minutes.

I would say it is worth a watch for anyone who is interested in that sort of programme.

sleepingpintsized1

Just phoned up for an up-to-date balance and it's slightly less than I'd originally declared :j (I've just sent the update via google docs)

Unfortunately, I'm also going to have to reduce my target from 30K to 20K (really don't know where I plucked the 30K figure from but it is totally unachievable unless we don't eat, drink, use the gas/electric, don't buy any clothes, go on any holidays, don't drive, etc, etc - you get the picture!!)

Anyway, I'm not despondent If I could achieve a 20K reduction in my mortgage after 3 years I would be over the moon, thrilled to bits, chuffed as you like!! :j

I know the challenge doesn't officially start until 12/12/09 (in 9 days time!!), but now I've declared my figures, I feel like the challenge has already begun!!

This challenge is going to make such a difference to so many people and I for one can't thank Financial Bliss and Maz123 enough for the difference it's going to make to me and my family (if I can stick to the budget!!)

So, Good Luck to everyone!!!

Px

mfwin2019

Hi - I would like to join the challenge - I have just checked & my current balance is £181869 & I would like a target of £150000.

No idea how I am going to achieve it at the moment as we are just having major extension/renovation work finished on the house, so apart from normal capital repayment of approx £500 per month I think any extra money during the first year will be spent on paint, carpets etc.

But there is still year 2 & year 3 to go. Also if I don't make it challenging where would the fun be!

Just need to let DH know we are on a mission for the next 3 years.

Thanks to every one else for your inspiring stories they have really spurred me on to do this

abouttimetoo

Hi all

Just to say I'm very excited about starting this challenge, the start date is just around the corner :j:j:j

uzubairu

Hi FB,

I was looking on the first page and I noticed that my objective is incorrect.
Since my overpaying this year has gone better than I expected, my starting point on 12/12/09 will be approximately £82,000.

I would like my objective to be :-
Reduce mortgage from £82,000 to £32,000, which is a reduction of £50,000.

Only a week to go now.

mrs_deadline

abouttimetoo wrote: »

Hi all

Just to say I'm very excited about starting this challenge, the start date is just around the corner :j:j:j

Just what I was thinking!

I really must get a signature sorted out by next week as it seems a good way to keep the goal in mind...

brizzledfw

This feels very auspicious. surfing through MSE for the first time in about 6 months. Feel a pang of needing to switch that light bulb back on AND as 12 Dec is my birthday it feels so good to be joining this challenge . I am not sure what the target will be yet but the concept is fab. Dramatic decrease in our mortgage sounds good. We overpay by £200 pm anyway (basically we're on a good tracker and put the stuff we would have paid if BOE interest rates were more than 0.5%) but it'd be good to increase that and also build up a decent nest egg for contingencies. Good luck all...

medic1978

Hi, not posted on here for a while. Can't believe how mnay have joined since (I am number 18). My start figure is a little out- I've updated via googledocs. Start is now approx £80,000. Target is to reduce my net mortgage to £40,000 by the end of the challenge. I have an offset mortgage so some of my money is in savings offsetting the mortgage hence the net mortgage terminology...

deefadog

I have updated my total for the challenge via the form - £95,223.87

No 134 :j

cazmanian_minx

I've updated via Googledocs as well - start figure is a net mortgage of £128,114 and I'm hoping to reduce that by £40,000 to £88,114 (*gulp*)

Good luck everyone!

Caz (no.6)