2012 mfw

Tilly_MFW_in_6_YRS

Hi Lippy1923, you are very welcome and you are now MFW no. 116. Good luck. Tilly

All updated to here

debtshurt

I want to join in too, my minimum target is £50 per month.

Catslovelycats

new total for #2 £323.30
That'll probably be it from me now until next month
Thanks:D

NellieB

Hi everyone and a happy new year to you all.

I'd like to join in again, please. Our target this year is a very challenging £9434.00 as that will mean that we will end the year just into five figures. January's overpayment will be £1950.87.

Good luck everyone.

Thanks.

NellieB

starflame

In January 2011 I owed £22,622 on my mortgage.

I checked my mortgage balance today and I owe £13,094.
That means I managed to pay off £9528 in 2011 by making overpayments of £430 each month.

Today I paid in £3000 to start off my new year and my monthly payment of £379 has yet to go in so I will be starting the year with a mortgage of under £10,000 - how amazing is that!:D

I've also upped my monthly overpayment to £550 for as long as I can manage it. (I may have to take a pay cut this year)

I am determined to be mortgage free this year - even if it takes until December. I reckon it's definitely do-able an really rather exciting as this will be 8 years early!

Catslovelycats

Well done starflame. That's amazing!

financialbliss

starflame wrote: »

I am determined to be mortgage free this year - even if it takes until December. I reckon it's definitely do-able an really rather exciting as this will be 8 years early!

Know exactly where you're coming from starflame. Had to stretch our current mortgage back out to a 25 year term to make the payments affordable.

Should I finish this December, I'll have dropped from a 25 year term to just 8 years and 9 months :eek:

Certainly worth the push. Best of luck to you.

FB.

pavlovs_dog

financialbliss wrote: »

In order to be anywhere close to clearing my remaining £20k mortgage by the end of the year, I'll need to overpay somewhere in the region of £10,400 or about £866 a month. This is on top of a regular mortgage payment of £887, so that's around £1,750 a month to the mortgage alone. :eek:

ouch that's a lot of money :eek:

lighthousescotland

Wey Hey! A Whole New OPing year ahead :j. Happy New Year to you all :beer:. A Huge Thank you to all of you who are updating the spreadsheet and also to Cake for all last year's work too. My January OP is £230. I think I am number 32. May be a bit less next month or the month after as pay reduced in February due to strike day in November. Will try my best though. Good Luck everyone!

Spiggle

Ok, had the family round for tea so sorry for the delay in updating.

So, debtshurt you are on the list at No.117 with an annual target of £600.

NellieB you are listed at No.118 and I've logged your January OP. Great work!

Starflame you are joining us at No.119 and I have noted your target as being the £13,094. If this is incorrect please let us know. I've also logged your £3k January OP. Fantastic stuff!

Welcome and good luck to you all.

Lighthousescotland you are No.32 and I have logged your OP, congrats on being so early with it!

I'm signing off for the night shortly but please do keep posting as the others will be about and will update for you.

Updates done to here.

See you tomorrow,
Spigs

ETA: Oops, I've updated your OP too catslovelycats.