2011 mfw

Options
1…3637394142…118

Comments

  • Debims
    Debims Posts: 1 Newbie
    edited 26 February 2011 at 12:02PM
    Options
    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:)
  • Catslovelycats
    Catslovelycats Posts: 1,749 Forumite
    First Anniversary Combo Breaker First Post
    Options
    Welcome Debims!
    You'll find lots of encouragement here to keep you going!
    Good luck with the OPs
  • coldstreamalways
    coldstreamalways Posts: 852 Forumite
    Options
    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?
  • Lady1981
    Lady1981 Posts: 90 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    Options
    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 xx
  • froddington
    froddington Posts: 6,697 Forumite
    First Post Combo Breaker First Anniversary
    Options
    No 128 - £50 OP today :D
    "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 Jovi
  • originalmiscellany
    originalmiscellany Posts: 1,655 Forumite
    First Post Combo Breaker First Anniversary Mortgage-free Glee!
    Options
    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 - 2037
  • babyb06
    babyb06 Posts: 369 Forumite
    Options
    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 month
    Mort at highest - June 2008 - £171,000 - Daily Int 5.9% = £27.64:eek:
    Offset Mort - Nov 2010 £150,299- Daily Int 3.75% = Nov £15.44
    Mortgage Jan 2012 - £136,000 - Daily Int 3.75% - £3.10
  • froddington
    froddington Posts: 6,697 Forumite
    First Post Combo Breaker First Anniversary
    Options
    No 128 - Another £100 OP today :D
    "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 Jovi
  • rlc22
    rlc22 Posts: 385 Forumite
    Options
    No 32 reporting in with £122.05 for the month of February...

    Need to step it up several gears to get back on track!
  • XSpender
    XSpender Posts: 3,811 Forumite
    First Anniversary Name Dropper First Post
    Options
    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 - £99.75
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.8K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 235.9K Work, Benefits & Business
  • 609.1K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards