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2011 mfw

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  • pammyj74
    pammyj74 Posts: 3,290 Forumite
    Evening everyone,
    No 6 just popping in to state a £200 OP making my total £4850 and 97% done :)
    MPs left feb '08 276- Dec 13 36 :T MB Jan 10 ~ £82,377 Dec 13 ~ £29987
    EMFD was Feb 32 :eek: NOW Dec 2013 its Dec 2016
    MF new target Dec 16 REACHED!! :j
  • uzubairu
    uzubairu Posts: 1,207 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Home Insurance Hacker!
    No: 19 - July Update

    Mortgage overpayments are: £2,050.

    This takes my Year To Date total to £13,950 which exceeds my £11,000 target that I set at the start of the year.

    I've decided to change the target to £20,000 in overpayments in 2011 and hopefully reduce the mortgage to £36,000 by year end.
    I've been very strict with household expenditure this year and it has helped a lot.

    Also OH has been tasked to curb spending on non-essentials and c**p and divert all savings to mortgage and that has helped.
    He has been a lot more receptive since the redundancies at his workplace last year.
    Although he ended up with a new job and a pay rise (it could have been very different), he knows that our best bet is to make hay while the sun shines and clear the debt.
  • Peonie
    Peonie Posts: 1,471 Forumite
    No 214 reporting for the first time.

    We moved into our new house at the end of June and this month made our first overpayment of £700.

    Due to circumstances out of our control when buying the house we had to change our mortgage provider and product, and we decided to increase our deposit by £11,000. Can this money be counted towards achieving our MFW target?
    Pots: House £6966/£7100, Rainy day Complete, [STRIKE]Sunny day £0/£700[/STRIKE], IVF £2523/£2523, Car up-keep £135/£135, New car £5000/£5000, Holiday £1000/£1000, MFW #16 £2077/£3120
    MFiT3 #86: Reduce mortgage from £146,800 to £125,000
    Mortgage Sept 2014: £135,500, MF Oct 2035 Peak July 2011: £154,000, MF July 2036
  • froddington
    froddington Posts: 6,697 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    No 128 - £50 OP made 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
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    OM - Number 220 signing in...
    June (A belated total - apologies for this) 2.5k.
    Total of 20k for this year...

    I'll try to get the July one done in time to make up for my shoddy time keeping this month.
    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
  • UnionGirl
    UnionGirl Posts: 182 Forumite
    OP for July 2011 - £83.01
    As my Mum always said "Look after the pennies and the pounds will look after themselves"
  • tina01904
    tina01904 Posts: 135 Forumite
    I've found another £500 to overpay making the total overpay for July £1,500k :j


    MFW 50 - £4,500
    MFW 2012 #70- 1996.98/10000
  • pammyj74
    pammyj74 Posts: 3,290 Forumite
    No 6 signing in to say I have reached my target :j :j :j
    Have just OP'd £150 making my total -£5000 :T
    MPs left feb '08 276- Dec 13 36 :T MB Jan 10 ~ £82,377 Dec 13 ~ £29987
    EMFD was Feb 32 :eek: NOW Dec 2013 its Dec 2016
    MF new target Dec 16 REACHED!! :j
  • Kerry_Woman
    Kerry_Woman Posts: 3,155 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    pammyj74 - Congrats on reaching your target.
    Frugal Living Challenge 2025 Mortgage free as of 1st August 2013
  • goobergirl
    goobergirl Posts: 119 Forumite
    Part of the Furniture Combo Breaker
    Re-mortgage now complete. New mortgage balance is now £240,000 so effectively a £3856.00 OP for July.

    OH is now totally onboard to be MF and we are planning a radical repayment schedule with an aim to be MF by August 2017.

    We can OP 10% this coming 12 months so that is our 1st target, £2000 a month:eek: Maybe i'll need to start my own diary.

    Yipee, the bank's are making £679.00 less a month out of us than they were before. Woo hoo!
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