2010 MF Wannabes

chirpchirp

I'd rather see a spreadsheet!:rolleyes:

black_taxi_2

i only joined 2009 thread for 1 payment--dec 1st 2009

heres to 2010

monthly target £400
year £4800

thx cake :T

cake21

uzubairu wrote: »

You're going to very busy with this challenge and the interest in just a few days is a good indicator of how important it is for a lot of us to be rid of our mortgages sooner.

:j

Shineyhappy wrote: »

I am going to sign myself and DH up to this, although he is asleep and cant be asked;) Hopefully he will be just as keen as me. <snip> DH did agree to money saved or won goes in the piggy so fingers crossed

Welcome (both of you ) :beer:

financialbliss wrote: »

Well... I was going to join, then I wasn't as I thought it would distract me from the MFiT-T2 challenge, but what the hell - let's join in the 2010 party.

That's how I felt about your challenge :rotfl:

financialbliss

gallygirl wrote: »

Not really, can you graph it for us :rotfl:

Ha GG,
Don't tempt me - May have a look tonight if I get the time...
FB.

financialbliss

gallygirl wrote: »

Not really, can you graph it for us :rotfl:

You ask. You get.

OK. My mortgage should finish in 2029 - the payment last time I checked to meet this obligation is £427.55 per month (minimum payment).

By asking Nationwide to shorten the term, I've now committed to a mandatory overpayment £470.78 (top up OP) which makes my normal monthly payment of £898.03

On top of that, I make further optional overpayments of varying amounts (optional OP) as and when we can. Graphically, it looks like this:



So bringing back to the overpayment challenge, we're really looking at the red bar as that's the overpayments I'm making.

Financial Bliss.

chirpchirp

... and you gave me a spreadsheet as well as the graphs. I just don't do visual:rotfl:

pammyj74

wow a very good chart FB

gallygirl

Ah, now I see - simples

jacqhale

Hi, I joined the 2009 MFW board in September so would love to carry on next year here!
I will have overpayed £13,100 by the end of 2009. Won't be able to make quite that much next year but so far it's already knocked quite a bit off my mortgage term and overall balance:T

I am No 312 in 2009 if that makes any difference.

So as long as interest rates stay at 0.5% next year we will continue to make £200 a month op's on the Natiowide 2.5% rate and I reckon if I can get the holiday to Dubai paid off (sorry couldn't resist I'm so excited :j) then I can top that up a bit more so will set my target at ......£3,500 and hope for the best.

Thanks Guys!

cake21

Financialbliss - wow! :T

Thriftyknickers and jacqhale - welcome :beer: (even if jacqhale is making me jealous with holidays to Dubai! )