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2011 mfw
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Thanks for your efforts Cake0
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March Update:
OP of £50, made up entirely of Halifax Rewards: £30, Ebay and amazon sales (after fees) and quidco cashback.
Restricting the OPs at the moment because we've just bought a car using up most of our income after bills and we're having work done on our house still- always hard to know exactly how much cash will be needed. Still, we're getting there .2016 MFW OPd £2000, 2015 MFW OPd 3000 then bought new bigger house with bigger mortgage.Beautiful boys born May 2011 and October 2013
MFW OPd 2014 £2000 2013 £9700 2012 £2848.39 2011 £2509.58 2010 £11000 2009 £112002008 £49390 -
Managed to pay off close to 20% of my mortgage now! \o/ So happy, but also bordering on obsessive which isn't healthy. Need to actually treat myself once in a while (ie actually have a holiday, even if it isn't a particularly flash one) instead of obsessing over how much I can save towards my next overpayment.
(edit) would have updated the spreadsheet form but I seem to have disappeared off there! My bad, I guess I'll need to re-sign up for this new year huh.0 -
#217 with another £104 OP to report. That brings March's OPs to £262 when we add in the money reported in post 474.
We have now OP'ed £442 of our £1500 target, or 29.5%. In other terms, this more than equals the amount of money from our £710 monthly payment that goes towards paying off the capital rather than the interest.
The OP money has come from our normal £50 monthly OPs for March and Feb and money made through tutoring.know thyselfNid wy'n gofyn bywyd moethus...0 -
Just wanted to say Hello, Just started the challenge today. Hoping to make my first OP in April.0
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Welcome!!!! We love new people to join our [STRIKE]cult[/STRIKE] challenge
Make sure you get your number from Cake21 and you let her know what your goal is
Keep checking in and let us know how you get on - share any triumphs and trips0 -
#205 reporting in... just (stupidly) put my entire new car fund into a mortgage overpayment - £3,500.
The problem is, I have a limit for how much I can put in this year, so I figured it'd be a good time to pay off (and start saving for the car again) just in case I manage to meet my limit for next year too. The problem is there are only two more days left in this period, and the transfer will probably take 3 days, oops.
My target is an additional £7k to overpay between now and Christmas, a new car is well and truly off the cards now unfortunately.0 -
i am aiming to clear my mortgage by 2014 but i am saving rather than over paying-i get 4pc less tax on my savings and my mortgage is 2pc on a svr but İO--l do wonder what the pros and cons are of doing it my way as opposed to overpaying? -i seem to feel more secure with savings in the bank and know i cant ever get 55k from my lender again.--i would join here on my strange path!mfw'11 No68- 55k mortgage İO--little to nothing saved! i must do better.0
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No.41 reporting. Made my £100 o/p today.Frugal Living Challenge 2024 Mortgage free as of 1st August 20130
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Hiya all, No.87 here reporting a payment of £500 taking us to £1,400 overpaid so far this year.
I have to say l thought this was going to be easier than it is, but we're doing it all the same!! :beer:
Happy moneysaving all.0
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