2011 mfw

curlygirl1971

UnionGirl wrote: »

£83.01 op for June 2011.

Got to admit I feel a bit inferior compared to some of the other ops people manage. But I suppose I can only afford what I can afford.

Absolutely. Sometimes it can be hard to find even the small amounts - so well done! Every single penny counts

black_taxi_2

any over-payment is great union girl

---

the cost of living the past year has shot up

not taking on new debt an balance coming down yearly is massive acheivement

great your keeping with it

cake21

.....................................2011 OVERPAYMENT TARGET MAY TOTAL YEAR TO DATE (spreadsheet version here)

2. cha97michelle - £5000 / £208 / £2931
4. someday soon - £10000 / £1027 / £5074
6. pammyj74 - £5000 / £450 / £3650
7. CathT - £2500 / £170 / £1460
8. sheslookinhot - reduce mortgage to £6000 / £500 / £2500 Original target reached May! :j:j
9. pollys - reduce mortgage to £9999 / £250 / £850
14. SOandSO - £20000 / £100 / £2950
15. Lynn11 - £6000 / £240 / £3240
18. golfiematt - £6000 / £500 / £2500
19. uzubairu - reduce mortgage to £46000 (£11000 OP) / £2250 / £9250
23. gratefulforhelp - £3000 / £48 / £240
25. newbaby - £12150 / £ / £12150 Target reached April! :j:j
26. waughc01 - £15000 / £750 / £11750
29. financialbliss - £2050 / £200 / £662
30. black taxi - £14000 / £590 / £3631
33. fillyfop - £6000 / £733 / £2732
34. RTNI - £11000 / £500 / £7000
40. Spiggle - £5700 / £83 / £2638
41. Kerry Woman - £1500 / £120 / £920
42. ajmoney - £1700 / £250 / £780
48. SmileyG - £1200 / £50 / £950
51. Di-Dough - £2000 / £138 / £818
52. fluffysox - £1200 / £189 / £525
55. lincoln-potter - £19500 / £ / £6800 Original target reached April! :j:j
60. glitterball - £7500 / £639 / £3493
61. kazvinny - £10805 / £73 / £542
62. saver-j - £5988 / £499 / £2495
65. UnionGirl - £15600 / £84 / £251
66. puddle96 - £12000 / £727 / £2679
76. coldstreamalways - £11940 / £995 / £4080
78. Froggy-G - £10000 / £1370 / £4235
83. jaywhoopee - £4000 / £384 / £1857
88. Sophi - £16000 / £2750 / £3500
91. AvidSaver - £3000 / £250 / £1797
93. ekroys17 - £6000 / £50 / £916
95. Dragonrider - £1200 / £100 / £100
102. canne - A$15000 / A$1431 / A$6546
104. MsWow - £3200 / £300 / £800
111. Poppycat1 - £6000 / £100 / £772
117. laurasavon - £3000 / £250 / £1250
119. fieldofdreams - Completely clear £8500 mortgage! / £400 / £2000
121. vwchris - £7000 / £700 / £2900
123. shala_moo - £10000 / £423 / £4667
128. froddington - £5000 / £350 / £1565
138. anthonini - £6000 / £500 / £4500
139. curlygirl1971 - £6000 / £208 / £5059
148. thriftyminx13 - £7000 / £281 / £1663
149. skaps - £2011 / £160 / £801
150. mummyofonechild - mortgage-free by end 2011! (£2000 OP) / £4230 / £5280 :j:money::jMortgage Free Graduate!!! :j:money::j
152. babyb06 - £12250 / £1272 / £9661
160. Emsky123 - £5000 / £800 / £3400
163. gerbiljo - reduce mortgage to £34700 / £3080 / £12925
164. SimbaK2K - £1000 / £60 / £360
173. greent - £5000 / £678 / £3951
177. Parnott - £7200 / £888 / £3688
183. lighthousescotland - £2000 / £205 / £1025
184. newgirly - £15000 / £663 / £5626
192. ElusiveLucy - £6500 / £500 / £3000
195. wildfrog - £2500 / £328 / £1861
201. sara1979 - £5000 / £499 / £2495
204. skintscotslass - £2400 / £200 / £1000
217. pavlovs_dog - £1500 / £945 / £245
220. originalmiscellany - £22000 / £3000 / £17500


TOTAL - £1,279,844 / £38,753 / £372,979

goobergirl

I am now no.98. Thanks Cake.

I have been lurking around this post for a while now and am impressed with everyone's efforts to get MF asap. It doesn't matter how big or small your OP is it is all going to reduce the debt and the amount the banks make out of us all.

I am horrified when I see how huge my mortgage is and am more motivated than ever to reduce it as fast as I can. I know my OP target is ambitious but OH and I have reduced our outgoing's as far as we can (within comfort) and we have no other debt but our mortgage now, so we always planned to start OP before we got used to having the 'extra' cash in the bank.

I am also currently trying to remortgage to a lower rate as we are on a horrific 7.49% fixed rate (taken out just as the credit crunch hit at end of 2008 just we were having to move... horrible time)

If that works out we will be able to OP more but i'm not counting my chickens until we get confirmation of a remortgage offer.

Otherwise a quick resume of my family circumstances; I am married, 3 x kids, aged 11, 9 & 5. OH and I both work full time and are very fortunate to have secure jobs with good pay.

I would love to have my mortgage paid in full in 12 years, sooner if I can manage it.

I have just started e-baying and clearing out anything that moves to sell on!

Can't think of anything else just now

:rotfl:

froddington

No 128 - £200 OP made today

curlygirl1971

Welcome Goobergirl! :wave:

pammyj74

No 6 signing in with an OP of £700 :j knocking 2 months off my term :j

total year - £4450/£5000 - 89%

goobergirl

I made my first ebay sales tonight and have made £59.61. All very exciting and will be going towards my OP pot, also have £5 BOS reward, £16.10 from TCB and £10.00 lottery win from last night (if only every week could be this good.....)

That makes £90.71 so far in June :j

financialbliss

Overpayment goes out on the first of the month, but a bit late in reporting our state of play for June. It's as follows:

#29 - Overpay by £2,050.00

Month: Ideal Pay / Ideal Total / Ideal % / Actual Pay / Actual Total (Diff) / Actual %

January: 170.83 / 170.83 / 8.33% / 70.67 / 70.67 (100.16) / 3.45%
February: 170.83 / 341.67 / 16.67% / 70.67 / 141.34 (200.33) / 6.89%
March: 170.83 / 512.50 / 25.00% / 120.67 / 262.01 (250.49) / 12.78%
April: 170.83 / 683.33 / 33.33% / 200.00 / 462.01 (221.32) / 22.54%
May: 170.83 / 854.17 / 41.67% / 200.00 / 662.01 (192.16) / 32.29%
June: 170.83 / 1,025.00 / 50.00% / 200.00 / 862.01 (162.99) / 42.05%

Total overpaid: £862.01

Finances are tight at present, but I'm now only 162.99 behind my ideal schedule.

I'm kind of prone to make wild and unachievable goals, but this one should be achievable providing we keep throwing £200 as overpayments each month.

BoE base rate being kept at 0.5% helps us too - our mortgage rate is currently 2.5% (Nationwide BMR).

FB.

Lady1981

Hi all

Well done on all the hard work everyone!

Belated update for May - an OP of £495. Again, miles off our target, eek! But my other half took me away for an amazing weekend for my 30th :beer: so all for a good cause

I've decided I need to look for another job, I really enjoy mine but the pay is awful and the work complicated and stressful. Found out my colleague is on 2.5k more than me which doesn't help! So hopefully I can contribute more to OPs soon. Watch this space!

Love Lady xx