Mortgage Free by 40 Challenge!

pencekeeper

Great - thanks for setting up. Signature amended

Welshlassie

Welcome to:
22 Jock_Tight
23 bigg2001

I'm now getting there with the spreadsheets. So looking forward to the first chart in June. I will publish the blank chart once I'm happy with it.

skaps

I have just seen that i would need to clear over £5000 per quarter to reach my target.:eek: Its more likely to be £240 per quarter.

Welshlassie

skaps wrote: »

I have just seen that i would need to clear over £5000 per quarter to reach my target.:eek: Its more likely to be £240 per quarter.

:eek: Same here, I've got just under £5k per quarter to clear, it is so not going to happen for the first couple of years, but hope it picks up pace a year or two down the line. You have to start somewhere. :rotfl:

Norman_Bean

skaps wrote: »

I have just seen that i would need to clear over £5000 per quarter to reach my target.:eek: Its more likely to be £240 per quarter.

we include our regular mortgage payments as well though, no?

Norman x

Norman_Bean

Welshlassie wrote: »

:eek: Same here, I've got just under £5k per quarter to clear, it is so not going to happen for the first couple of years, but hope it picks up pace a year or two down the line. You have to start somewhere. :rotfl:

That's true - I got a bit of a shock when I saw €7k per quarter :eek: but we are expecting a windfall within a few months so hopefully that will smooth things out a bit (fingers cossed!)

How are we all doing? We are away this weekend (7 hour car drive) so I'm just packing up loads of grub and water from the tap so we don't have to spend anything at the service stations.

Norm x

pencekeeper

Heh. Looks like I'm another of the £5K per quarter people. I'd not realised that

Now I should be able to just manage that whilst I can hold on to my job, but if that changes then it will be more like £5 per quarter instead!

Welshlassie

I'm on interest only so not very much of my normal monthly payment repays anything.

skaps

Norman_Bean wrote: »

we include our regular mortgage payments as well though, no?

Norman x

Im not sure - can someone clarify this please?

Welshlassie

skaps wrote: »

Im not sure - can someone clarify this please?

yes include your normal mortgage payments.

Its whatever balance you have outstanding on 30 May 2010 (for the 1st chart) after all your payments have gone through that we're interested in not the total amount overpaid.