The Mortgage Free in Three - Take 3 challenge (MFiT-T3)

SusanneCape

No. 71 updating with a figure of £90,121.74. Target is much closer ................

Can someone let me know where Chart 8 is so that I can check my last update? Many thanks.

VoucherMan

SusanneCape wrote: »

Can someone let me know where Chart 8 is so that I can check my last update? Many thanks.

http://forums.moneysavingexpert.com/showpost.php?p=67215384&postcount=1136

https://docs.google.com/spreadsheet/ccc?hl=en_GB&key=0AnhcWfGMRVgddE1iTjMwaFQ3Y3EtOS1GQ0NkUnUwdUE&single=true&gid=12&output=html

SuperSecretSquirrel

Hello, #47 reporting in...

I've had fun with the fresh new 10% OP allowance this quarter If I include tomorrow's planned £39 OP, that's £5,038.90 overpaid this year. Then we'll be back to plodding along with the standard monthly repayments until January.

Our original target was a balance of 60k by Dec 2015. Back in July 2013 we decided to revise it down to 40k. Happy to report that success is now pretty much locked in!

Current balance is £43,544.00 and the standard monthly repayments will see us well under 40k by the end of the year :j

I'm over the moon with this as 40k was seen as a ridiculous "aim way too high and see how close you can get" target at the time

Right now we are just £1,628.54 short of mortgage neutral (a.k.a. fully offset in easy access savings and investments), and I hope to be properly neutral within a month.

Had we not overpaid the mortgage or reduced the term we would owe £77,645.88 right now. That's nearly 35k we won't be paying interest on over the next 20 years :eek:

We're very happy to be on this journey, and very grateful for this challenge as it has certainly helped our focus! Hope it's going well for you all

PS - Hope all is well FB!

financialbliss

Sheepish “hi”.

Well I appreciate it’s chart day-n-all, but without wanting to go into too much detail, I’m out of action just now. Not a desperately early finish today and work while ordinarily, I’d plod on and get the chart out, I’m going to skip this evening for personal reasons – hope you can understand this.

I’m hoping to be able to put some time aside at the weekend, probably Saturday looking more likely than Sunday, so lets just say at this stage the plan is to get the chart out before the end of the weekend. Two or three days late – hope this is acceptable.

Trix-a-belle kindly PM’d me earlier today (which I’ve replied to)– others may have tried too, but my mailbox was full, so haven’t been receiving anything. Hoping to be back up to speed in a few weeks.

Apologies,
FB

Lomcevak

Ooops, a day late ... hopefully i'm still in time for an update

Lomcevak wrote: »

Last time out I was plodding along ... still am Now it is £161,320 so £4,574 ticked off in the last three months and just past the £25k paid off mark. Slowly going downwards! Think i've finally caught up with where I should be too, so hopefully now green

And more plodding Now £156,761 and £4,558 paid off since last time, so onwards and downwards. Should be firmly in the green now, with under £7k to my original target, and the plan is for something a bit more interesting to happen before the next update in June

Suffolk_lass

trix-a-belle wrote: »

SL
You're at about 88% I think & definitely green.

I have been running a copy of the sheet for my own understanding, it may not been 100% right but if FB doesn't appear we should be able to fall back on it or FB can copy across to his & spot check a few records.

Trix

Thanks Trix, you are right - I was thinking my target was 57,000. I assume you can also see the updated googledocs then? - And maybe I should stretch my target a little more - I will take a view in the summer as lots of big expenses coming up.

Sl

Fluffypigs

A little late with my update due to DS birthday celebrations at the weekend. We're standing at £120,218.83.
Getting there slowly.

rockabelle

Oops - missed the deadline. Sorry, I've just given my update

abouttimetoo

financialbliss wrote: »

Sheepish “hi”.

Well I appreciate it’s chart day-n-all, but without wanting to go into too much detail, I’m out of action just now. Not a desperately early finish today and work while ordinarily, I’d plod on and get the chart out, I’m going to skip this evening for personal reasons – hope you can understand this.

I’m hoping to be able to put some time aside at the weekend, probably Saturday looking more likely than Sunday, so lets just say at this stage the plan is to get the chart out before the end of the weekend. Two or three days late – hope this is acceptable.

Trix-a-belle kindly PM’d me earlier today (which I’ve replied to)– others may have tried too, but my mailbox was full, so haven’t been receiving anything. Hoping to be back up to speed in a few weeks.

Apologies,
FB

Hi FB


No need to be sheepish, we all have busy lives and understand you do this in any spare time, not to mention you've kept it up long after your own MFW was completed :j


Hope things settle down for you soon and look forward to seeing you around once it's all settled down for you


Regards
ATT

abouttimetoo

Hi all, number 59 checking in albeit usual update form sent last week


is it just me or are you missing Black Taxi's update, I saw him over on the savings thread so looks like he has started his next adventure. Best wishes Black Taxi if you see this


I reported £29,049 on my update so technically have already hit my original target, however, it's not all been overpaid to the mortgage as I've been concentrating far more on savings this year and the likelihood is i'll probably only overpay some of the savings when we reach the end of this particular challenge, hard to believe we're now well into year 3


Hope you're all doing well
Regards
ATT