2010 MF Wannabes

agile83

Am glad to join.

I am aiming to overpay by £200 per month and hopefully will be able to put a lump sum payment of £2000 towards mortgage by the middle of next year.

Current mortgage balance is £99500, aiming to get nearer to £93000

Kind Regards

moneysavingotter

Hi,

Brilliant, another challenge! I would like to join with the aim of getting the mortgage down to at least £133,000 please. Many thanks.

Ms Otter

the_three_of_us

Hello

I'd love to join in too - I'm going to aim for £2500. Not a huge amount but I have a couple of months early in the year with big expenses that will be tight and I will also be made redundant in September - so I don't want to aim too high and fail .

thank you
TheThreeOfUs

cake21

Welcome all newbies! :hello:
Sorry to hear about your redundancy, the three of us, hope something comes up soon.

taka wrote: »

See here post 52 onwards if you'd like to be bored... :rotfl:. Option 2 and 4 are the only runners now and there is much resistance to option 2 in my dept. I'm just not 100% sure spending over £20k (option 4) will be worth it long term as there is a reasonable chance I'd be no better off

That thread is a very thorough answer, thanks
To badly paraphrase you, wouldn't the £20k be worth it in the sense that you'd be enjoying your work/study a lot more in the intervening years, even if it didn't translate into a higher salary at the end of you?

taka wrote: »

Lowest amount OP'd to date 29p! :rotfl:

That blows my £3 OP out of the water :rotfl::rotfl::rotfl:

taka wrote: »

For your decision... What would make you the happiest? What would give you the best combination of work/life balance? What would be the best for you (and your family?), for your career, for your health? OPing your mortgage is great but its not the be all and end all (:eek: )... You need to have a life and enjoy it at the same time... and your job is a big part of that. Who knows what lies ahead...

Agree completely with the principle :beer:
Unfortunately I'm one of nature's ditherers. I love my job, but it has a lot of travelling, and I love being at home, but if I got a more local job I couldn't afford my house (not without a struggle for the remaining 23 years :eek:), and I'd miss the travelling :rolleyes:

Conclusion (for the moment ): OP like mad, so finances don't have to be part of the equation

gallygirl

cake21 wrote: »

That blows my £3 OP out of the water :rotfl::rotfl::rotfl:

A £3 overpayment - ooooohhhhh, there's posh. Show off .

I have transferred 10p before when I c*cked up a transfer & was 10p out - but I don't think it counts unless you actually go into a branch & pay it

ch1ca

Can I have a MFW number pretty please?!

I am not sure about OP tagets quite yet though as I am moving job role next month and will be losing out on a regular payment for working away from home so it will depend on how I manage my finances! So can I please update you on that next month?

The 2009 challenge has really helped me though as I started OPs in Jan and have almost paid off £7000!! My target was £5000 so I have smashed that!:money:

Thanks very much to Zavarony for all of the updates and to all the MSE's for the motivationa nd help this thread (and the forum) has given me.

Roll on 2010 and being closer to that Mortgage Free goal, well doen everyone!:A

cake21

gallygirl wrote: »

A £3 overpayment - ooooohhhhh, there's posh. Show off .
I have transferred 10p before when I c*cked up a transfer & was 10p out - but I don't think it counts unless you actually go into a branch & pay it

I feel a poll coming on... :rotfl:

I had a phone query about my mortgage and had to sit through the guy saying, there's an OP of £22 on X day, £3 on Y day but less than going to a branch

ch1ca wrote: »

Can I have a MFW number pretty please?! The 2009 challenge has really helped me though as I started OPs in Jan and have almost paid off £7000!! My target was £5000 so I have smashed that!:money:

Welcome, you are no. 40 :hello: Brilliant work in 2009!! :beer:

Kerry_Woman

Hi

Can I please join? My aim is to overpay £1,500 this year. It will just a one off payment, as I plan to put money aside each month. As I am temping cannot really make big overpayments each month. My current temp job ends just before Christmas.

ajmoney

Can I jump in ready for next year please? Can I be put down for £1200 in overpayments please? Thank you very much.

Ayeshalush

I'd also like to join please. My target will be £5000 in overpayments. This is probably going to be a struggle but it wouldn't be a challenge if I made it too easy now would it!

I 'm also a member of MFIT-T2 (but not worried about getting the same no.!) and have challenged myself to pay off my £33k mortgage in 3 years. To be honest I think 5 years is more realistic but, again, if I stretch myself, you never know I might just manage it!!

I'm doing various bits 'n' bobs to raise cash for overpayments but don't have a proper plan in place, so I really need to sit down and get my head in gear. Hoping to pick up some good advice and tips on this thread.

Good luck to everyone.

Thanks

Ali
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