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2011 mfw
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Hi there
Joined today, have decided that 2011 will be the first year we actually end the year better off than we started it!! (Mustn't be too hard on ourselves - we moved to UK from overseas and had two children in past 5 years so have had a busy time).
Goal is to pay off £11000 in 2011, and aim to be mortgage free by 2020... watch this space:)0 -
Welcome Debims!
You'll find lots of encouragement here to keep you going!
Good luck with the OPs0 -
Updated spreadsheet for when mortgage comes out on Tuesday, even though we're knocking £1500 a month off the capital sometimes it seems so slow and demoralising.
One good thing though is that I have got OH well and truly onside so the OP is sacred now until I leave my current job (earliest 2014 at present) and hopefully for a while after that.
Does anyone else feel like it's a gnat's widdle in an ocean sometimes?0 -
Well done everyone for doing so brilliantly!
Cake, I would like to change my target to £27,000 if I may, to take into account our savings as we are not currently overpaying.
Savings to date are £16,059 (not all saved this year I hasten to add!!)
Thanks!
Lady xx0 -
No 128 - £50 OP today
"There's only one way of life and that's your own" - Levellers
"I'm feeling like a Monday but someday I'll be Saturday night" - Bon Jovi0 -
Total (As my signature says) of 4.5k saved for Feb, a total of 9.5k for 2011. The reality is (I've said it for a few weeks now) is that it's not sustainable, we're simply using up all of our slack in the system as it were. That said, 9.5k is way more than we thought was possible, and it's really focussing our minds on keeping the costs to an absolute minimum in order to increase our savings. Aiming for 2.5k savings more by the end of March, which will be a great position to be in.Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370 -
BabyB checking in for the end of February - £2413 this month!!!
I am so happy! Amazing how focused this site makes you!
Hope everyone else has had a good monthMort at highest - June 2008 - £171,000 - Daily Int 5.9% = £27.64:eek:Offset Mort - Nov 2010 £150,299- Daily Int 3.75% = Nov £15.44Mortgage Jan 2012 - £136,000 - Daily Int 3.75% - £3.100 -
No 128 - Another £100 OP today "There's only one way of life and that's your own" - Levellers
"I'm feeling like a Monday but someday I'll be Saturday night" - Bon Jovi0 -
No 32 reporting in with £122.05 for the month of February...
Need to step it up several gears to get back on track!0 -
No 27 reporting in for Feb.
£82.12 in total for this year so far.
I am due to start work next month so should be able to start making bigger OPs soon:)Save £10,500 - £2673.77 - 25.5%
Pay off £7000 - £1743 - 19.4%
Make £2021 extra income - £99.750
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