2010 MF Wannabes

zavarony

SORRY FOR HIJACKING CAKE

Just wanted to paste what I've just posted on the 2009 MFW board
YIPPEE - GOOD LUCK TO ALL THIS YEAR

Hi all,

Ive finally got around to doing the total figures for 2009

I just want to say before I declare the totals that we've all worked really hard to overpay at all considering whats been happening in the world this year so BIG THANKS for all the lovely messages of Thanks I have received but I couldnt have done it without having everyone on board :beer:

SO (Drum roll......)

OP's for 2009 are : £1,051,105 :j:j:j:j

WELL DONE TO US ALL - Roll on 2010 lets see what we can do this year - see you on the 2010 board

Thanks to Cake for volunteering xxxxx

poppyoscar_3

zavarony wrote: »

SORRY FOR HIJACKING CAKE

Just wanted to paste what I've just posted on the 2009 MFW board
YIPPEE - GOOD LUCK TO ALL THIS YEAR

Hi all,

Ive finally got around to doing the total figures for 2009

I just want to say before I declare the totals that we've all worked really hard to overpay at all considering whats been happening in the world this year so BIG THANKS for all the lovely messages of Thanks I have received but I couldnt have done it without having everyone on board :beer:

SO (Drum roll......)

OP's for 2009 are : £1,051,105 :j:j:j:j

WELL DONE TO US ALL - Roll on 2010 lets see what we can do this year - see you on the 2010 board

Thanks to Cake for volunteering xxxxx

WOWWWWWWW!!!!! Aren't we fabulous!!!!!:D

moneysavermum_2

I have just upped my regular payment from £800 to £1000 a month. I pay £495 but overpay by £505 each month. My interest is £61 month so i am paying £940 a month off my £99900 mortgage. I am aiming to continue these payments and hopefully the mortgage will be at £89000 this time next year.

I will have to watch every penny to make these payments but expecting money to come in from csa sometime this year, as nrp underpaying since oct 2008 by £40 a week. Whatever i get ill put any lump sums into isa and rest regular payments into overpaying mortgage....so fingers crossed maybe able to make £1200 by end of year.
Thereby paying £1140 off capital x 12 equals uuummmhhh approx 12k

uzubairu

curlygirl1971 wrote: »

First I started an account that would take care of annual expenses (Insurances, Christmas, Car service and even some budget if I want a holiday or needed car repairs). I worked out a budget for each / 12 and I've always put that much away each month from my salary...

So do we.
In the holiday fund account we even factor in spending money.

sassyblue

WOW Zavarony, well done to you and all who managed to OP and be included in that whopping figure!

disgruntledgoat: The mortgage we have is an offset l really love them, anything we overpay is not included in interest repayments BUT of course we can withdraw the overpayments at any time for unforseen circumstances, l know we could get a better rate in an ISA but l can't be bothered to open another account with additional internet logins, etc. (This is probably bad 'moneysaving'!)

Well so far this weekend hubbys phone is playing up and is going back and now we have no running water in the kitchen, hope this isn't going to be the theme of 2010....... :mad:

fluffysox

DisgruntledGoat wrote: »

Out of interest, how do you MFW guys plan for other long-term purchases?

We have a Nationwide mortgage, where any overpayments can be borrowed back at any point. Takes a couple of weeks from sending them a letter to receiving a cheque in the post. We've been renovating the house, new kitchen, new windows and doors, new radiators, new flooring and more. Purchases where possible have gone on a 0% Halifax credit card (for 12 months) and mortgage OPs reduced to pay for labour/ small spends. This means we haven't had to draw much down from mortgage. After work is finished, we'll continue OPing on the mortgage and then draw down whatever is needed to pay the credit card.

cake21

DisgruntledGoat wrote: »

Out of interest, how do you MFW guys plan for other long-term purchases?

Don't plan at all... but I can get my overpayments back at any time so I suppose I'd do that.

zavarony wrote: »

SORRY FOR HIJACKING CAKE

OP's for 2009 are : £1,051,105 :j:j:j:j

You're not hijacking, and that is amazing!! I was actually going to c&p your post from your thread anyway :rotfl::rotfl:

So is everyone up for matching £1m in 2010???? :j:j:j:j

cake21

Hi all, I will be away for the next two weeks, working rather than holidaying, but won't miss driving in the snow I hope people will continue to sign up, and I will add everyone when I get back, just don't fret if you don't hear anything for a while...

Quick reminder of the three options to join/update:

1. fill in the form
2. reply to the thread
3. PM me (I put this last as I'm sure you'll all be OPing regularly and filling up my inbox )

Welcome to the recent signups :beer:, not all of whom were stalked to join in
131 belfastgirl23
132 DisgruntledGoat
133 BARGAINHUNTER!
134 nje24
135 tiredredhead
136 pineapple_beach
137 weegie-dfw
138 anthonini
139 curlygirl1971
140 crystaltips_68
141 Cazzdevil
142 TurnaroundSue

Well done everyone on OPs already reported :beer::j:beer::j

moneysavermum_2

uzubairu wrote: »

So do we.
In the holiday fund account we even factor in spending money.

Thankyou and the other people on his thread. I have now got myself organised. I have a spend account for food/clothes etc, a bills account for direct debits and wages and other monies goes into this, I also have an isa(for emergencies) and an easy saver for car/holiday/christmas. It would be interesing to know how other people organise their money.

zavarony

cake21 wrote: »

So is everyone up for matching £1m in 2010???? :j:j:j:j

YEP - Reckon we can top £1 million again if we try

MFW's 2008 paid an extra £461519 and the MFW's 2009 £1,051,105 thats an extra £1,712,624 paid of our mortgages over the last 2 challenges, think of all the interest we've saved (or at least deprived the banks of :rotfl: :rotfl: