2011 mfw

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  • cake21
    cake21 Posts: 1,039 Forumite
    galadriel wrote: »
    I intend to save at least £50 per month in a separate bank account until I have £500, then pay it over.

    To galadriel and others who are doing the same, just a quick reminder that it's completely up to you whether you declare amounts saved for mortgage purposes, or wait until you make the capital payment. Personally I declare the monthly savings as I find that more motivational, some others prefer not to :D
  • i havent made 2011 jan payment yet

    im not that keen:D
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • Hi all - Number 96 checking in.

    Got a boiler loan to pay off next year, so am going to aim for feable 1,000.00. Then 2012 will be the re-mortgage year, so hopefully the rates will stay fairly low!!!

    Good luck in 2011 all xxxx
    2022 Target - Reduce new mortgage balance after house move - Part 1 (Ported) Starting balance £39,982.12 currently £37,242.19 Part 2 Starting Balance £101,997.88 currently £96,197.38 (as at 19/04/2022)
  • Hi Cake

    Can you amend my target to be £2400 for the year please? £200 per month. My target for 2010 was only £800 as I only started in September.

    Cheers

    SSL #204
  • ajmoney
    ajmoney Posts: 6,218
    Name Dropper First Anniversary First Post
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    edited 13 December 2010 at 6:12PM
    No. 42 I am in again. I will keep the same target for now and see how it goes.
    MFW 2024 No. 7 £300/£1200 MFiT-T6 No. 70 £14473.17/£22787.04
  • Lynn11
    Lynn11 Posts: 674 Forumite
    No 15 reporting in and would love to join in the 2011 challenge and aim for £5000 as got a bit in savings to move over to the mortgage and get it down. Thanks for all your hard work this year and next.
    MFIT T2 Challenge - No 46
    Overpayments 2006-2009 = £11985; 2010 = £6170, 2011 = £5570, 2012 = £1290
  • Hi Cake,

    Thanks for running this again! Number 22 checking in - I'll stick to the £3000 as set already - although I'll probably start off slow, as have got a wedding to pay for in April. But after that it'll be full steam ahead!!! Very excited, seems such a short time ago that I signed up for 2010!
  • Hi Cake, Sorry for falling off the waggon this year (hangs head in shame!!) but the split up and everything meant that all the targets changed. So for next year can I change my target to £7,500 please. This won't be overpayments but reducing the net amount I owe.

    Good luck for next year all!!
    Mortgage @ 01.06.10 £165,999
    Mortgage @ 31.10.13 £14,664
  • froddington
    froddington Posts: 6,697
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    Cake - thank you so much for starting this thread :D

    I'm going to go for £5000 as my target for 2011 please!

    No 128
    "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
  • LilacPixie
    LilacPixie Posts: 8,052 Forumite
    69... oooo laaallaaaa 2011 target a testing 3k. I have naughtilly bought a new house, doubled my mortgage and totally messed up my MFiT target unless I win the lottery so now i'm playing for pride :)
    MF aim 10th December 2020 :j:eek:
    MFW 2012 no86 OP 0/2000 :D
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