2012 mfw

Catslovelycats

OOH. Hello to all the newbies! SO exciting!
And just 28 days until we begin!

Sepa74

Hi OM, I would like to aim to reduce my mortgage by £5,000, which will take it to £125K.

Thanks!

originalmiscellany

Done!
How exciting Would be great to get 1m target in terms of planned savings for next year wouldn't it, currently 400k, but we have plenty of time

All done to here

skintscotslass

Hi folks

Thanks OM and Spiggles for doing this. Can you add me please? My target is the same. £2400 for the year.

Thanks

Sepa74

OM, I've thought about it and decided I need to up my target to £12,000... it will be a stretch, but I would rather stretch and fail then not stretch and pay back even less!! Thanks!

T._x

Hello there

Can I also join the challenge? I bought a house just over a month ago. It needs furnished but still want to post a target for the year for overpayments - £5000.

Thanks
T. x

madeupname1

Sepa74 - wow thats a big jump in your target - exciting! I have amended accordingly and look forward to seeing your updates.

Skintscotslass you have been added (MFW 2012 #56, target £2400) and T.x (MFW 2012 #57, target £5000). Congrats to T.x on buying a new home last month and on joining us on the MFW asap. I wish I had done the same

Welcome all to the MFW 2012 bandwagon :beer:

all done to here

LavenderBees

Hi O Mighty Overseers of the Thread,

My overpayment year runs from Nov to Oct, so is it ok to post an overpayment of £700 for Dec on this thread as I'm not in the MFW 2011 challenge?

I'm happy if this is logged as January on the spready, and, hopefully, will add to it with my proper January op.

Hope that's ok. Sorry, hate to be awkward

L x

Off to update my siggy....the best part of the month is saving the op! :rotfl:

lulabelle1

Hi there,

Please can I amend my 2012 target to £14,784.....

Strange amount I know, but I've been doing some sums and if I can OP by this amount each year, then according to my calculations I could get rid of the mortgage in 5 years - assuming that the base rate stays at 0.5% which is doubtful.

It's going to be a stretch and not sure where the extra will come from, but like some of the others say, might as well go for a stretched target and get as close to it as possible......

Many Thanks, L

the_alchemist

Please add me to the list.

Not sure how much to put myself down for as I've recently taken a biggish pay cut

I make regular overpayments of £150 a month, which would make £1800 for the year, but it would be nice to do a bit better than that. So let's say £3000.

Thank you!