Mfi in 100!! - My Oct 2017 challenge
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Do you mean the signature? (the coloured stuff at the bottom on mine). If so, go to 'user cp' at the top of the page and then select edit signature on the LHS
HTH
Start balance: £205,746.51 :eek: Month 18/100..paid 13.50%
Current balance: £177,977.07 (updated 18.12.10)
Target 12.12.12: From £194,000 to £140,000:p
MFI-3 reductions: £16,023/£54,000 achieved (29.67%):j
We are challenging ourselves to 100 months, with 93 months remaining....amazing thats only 7.5 years...sounds much better. Good luck with your quest:beer:
Start balance: £205,746.51 :eek: Month 18/100..paid 13.50%
Current balance: £177,977.07 (updated 18.12.10)
Target 12.12.12: From £194,000 to £140,000:p
MFI-3 reductions: £16,023/£54,000 achieved (29.67%):j
I like the idea of 7 years too - but probably 10 would be more realistic for me!
Our term is about 12 years remaining so we may be nearer 10 too, but I like a challenge:p, and I will be over 40 in 12 so surely that's a no-no....the government says we mustn't retire until 68...or will that be 75 by the time we get there??? this will give us some hope:rotfl::rotfl::rotfl:
Start balance: £205,746.51 :eek: Month 18/100..paid 13.50%
Current balance: £177,977.07 (updated 18.12.10)
Target 12.12.12: From £194,000 to £140,000:p
MFI-3 reductions: £16,023/£54,000 achieved (29.67%):j
I am pleased to say that we have achieved exactly 20% of our MFI-T target today. Still a tough task though if we are to have any hope of paying off in 100 months as I am a SAHM for the moment.
For the rest of the year I shall make all overpayments into a cash ISA and set this against the mortgage balance. We are on a low tracker rate at the moment and £5,100 is a challenging amount for us to find at the moment.
Good news on the cashback front. We have received £110 from Scottish Power.
Car insurance claim has been decided in our favour so we are waiting for the cheque for a refund of the excess we paid:j:j
Well done to all who have completed the first part of the MFI in three T2 challenge.
Start balance: £205,746.51 :eek: Month 18/100..paid 13.50%
Current balance: £177,977.07 (updated 18.12.10)
Target 12.12.12: From £194,000 to £140,000:p
MFI-3 reductions: £16,023/£54,000 achieved (29.67%):j
We are using up all our savings (except for £1,800 in the ISA) on home improvements.:cool: These will improve the value of the house, and I rather hope our gas bills will reduce with the new double glazing.
In order to rebuild the savings pot we have extended the term of our mortgage to 25 years:eek:. Good news is that the ISA rate is 3.20%, whereas the mortgage interest rate is 0.77%:money:. Now, the difficult part...must fund ISA on a monthly basis:D
On the energy front I was impressed to be below the £10 mark for weekly gas and electric. I really do love the sunshine:). Much better than the highs of £40 we had earlier in the year.
Unfortunately I had a blonde moment yesterday and left a leg of lamb outside last night. As expected, it was sabotaged by nature:mad:. A loss of £12 in financial terms:(. There will be a few chickpea salads this week to make up for it I think:rotfl::rotfl::rotfl:You can only get so worked up about a leg of lamb. Thank goodness DH was still in bed when I noticed and the bins are being emptied today.
I think we are still on target for the MFI-T2 challenge, but may be a little behind now on the MFI 100 months but at least we are heading in the right direction.
Time to enjoy the sunshine while it lasts:j
Start balance: £205,746.51 :eek: Month 18/100..paid 13.50%
Current balance: £177,977.07 (updated 18.12.10)
Target 12.12.12: From £194,000 to £140,000:p
MFI-3 reductions: £16,023/£54,000 achieved (29.67%):j