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New MFW

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Hi

Our Mortgage was completed on Wednesday so today is Friday and we have just had a chat and decided that we wanna be MFW's. We have worked out that we can regularly over pay by £20 a month which going off the calculators knocks 2 and abit years and saves over £5000 :j . We are also going to use my old piggy bank to be a mortgage pig. Initally going to put £2 coins in it (nice and easy for hubby to remember) ;) . Thats about it really just wanted to say hi.
Sorting my life out one day at a time

Comments

  • comping_cat
    comping_cat Posts: 24,006 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    Welcome to the WFW board joannasmum, the mortgage pig idea is a brilliant idea, and has helped me no end in saving towards paying off my mortgage!!! Like Mr Tesco says, every little helps, and this board is excellent with ideas for that!!!!
  • Hi, I'm a new MFW too! I'm going to try and pay ours off (£80770) in ten years (*gulp*). See you around.
    April 2006 - £9790.26dr. DFD - March 2011
  • nellis10
    nellis10 Posts: 1,350 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Hi!

    i've just become Debt Free...YIPPEE!!! AND...Hubby and I are back together...YIPPEE NUMBER TWO!!!

    We have a 13yr Mortgage of £100K which we are now going to try and pay off early...Hopefully in less than 10yrs!!!

    welcome to the board...and here's to being MFW very soon!!!
    2024 Challenges
    • Grocery Budget (January £0/£300)
    • Decluttering (Underway!)
    • Frugal Living (January £0/£500
    • 24 in 2024 (0/24)
  • joannasmum
    joannasmum Posts: 1,145 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thanks everyone

    Catowen: We will have to keep each other on the straight and narrow on the OS board.

    Monkeylugs: Were going for the 10 year mark with £70000

    Nellis20: Congratulation on both counts.
    Sorting my life out one day at a time
  • Welcome to MFW joannas mum, monkeylugs and great news nellis10.

    pink fairy xx
  • clarew
    clarew Posts: 505 Forumite
    Part of the Furniture 100 Posts Mortgage-free Glee!
    Welcome to you all. We also have large mortgage (unfortunately we are londoners as are all our family hence 185k mortgage for "normal 3bed house").

    We like joannasmum are trying to pay minimum of £20 a month, as it all helps. We have been v.inspired by everyone on here, and all the mortgage piggers, regardless of how much you can afford to pay off, from the pence to the pounds, its all helping!
    Mortgage free 04/03/2025. Thanks to this site and lots of overpayments bit by bit.
    Next stop: house repairs, holiday fund, replace our very old cars, more financial security/early retirement savings.🤞
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