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

CathT

I had completely forgotten about this thread!

CathT number 44. I wanted to reduce mortgage from 106k to 80k. Am sitting at around 89k so not quite there.

I would like to join Mfi3 T4 though please. It's time to up the ante!

HelenDaveKids

How time flies... can't believe its been 3 years.


Anyway 38 signing back in. Started challenge at 86,400 with a goal which I thought was tough off 33k. Well under 8K. Unbelievably pleased with that. Crikey... Smashed it! Has been tough and house needs some spending on it but hanging on in.. nearly there.


TBH did cheat, cashed in endowments, which took a chunk off, but did allow a new goal of a year earlier. Now signed up for MFI-4 challenge but bang on target for September (can't finish early due to penalties) would like to challenge self further by having a small savings pot and perhaps get rid of nasty cheap carpets... Also need to seriously replace another car... But it can wait.. I can smell MF>..

icontinuetodream

Barely touched it!! �� actually, not too bad - I haven't made any ops this year due to personal circumstances but pretty pleased with the first two years �� mortgage is now at £25913. Not the 10k I was hoping for but without an income for twelve months, not too bad!

Well done everyone! ��

trix-a-belle

Wow where does time go! Chart 12 with updates received to date...

Hopefully Chart 12

In the course of T3 we have collectively paid down mortgages & up savings by over £4million which is astonishing.

To wrap up, the following have achieved mortgage free status over the course of the challenge:
- greent
- Spiggle
- Tilly MFW in 6 YRS
- FlashBarry
- JoeyGrey
- uzubairu
- spidystrider
- moneysavingsotter
- MuffinTops
- tjp70
- someday soon
- ShALLaX
- teapot2
- Kwaker_Knacker
- TwinnyD
- starlet10
- glitterball
- secretsavers
- Gizmo247
- Drinkduffbeers
with many more being very close to hitting that aim soon.

Also many achieved their full savings target/mortgage reduction
- lvm
- icklehelen
- megela
- VoucherMan
- skaps
- HelenDaveKids
- CathT
- SuperSecretSquirrel
- Trying to be good
- MoneyBag
- abouttimetoo
- shala_moo
- PetitePeche
- FreedomGirl
- Welshlassie
- happycamel
- me
- Needhelpsaving
- muddywhitechicken
- Fluffypigs
- taka
- rockabelle
- PurpleJellyFish
- Snood
- Lomcevak
- littlemonkeywolf
- Suffolk lass
- Calfuray
- newbaby
- eeker
- PaddyPaws
- Twiggy_34
- Kerfuffle

(apologies if i've missed any)

Highest % of target prize goes to TwinnyD at 247% of target but it was very hotly contested.

We all deserve a huge pat on the back for the achievements we have made especially considering the many changing circumstances be it new arrivals, revision of plans or shedding excess weights.

Thanks to those who have already popped over to T4 & signed up, to those who haven't yet we hope to see you again & kick some more targets into touch over the next 3 years.
______________________________________________

This challenge has now ended. If you missed the last chart date still pop the form through if you want & i'll pick the updates up.
Thank you and congratulations to all those involved and we all hope you will join us over in MFiT T4 https://forums.moneysavingexpert.com/discussion/5375506 which is running from 24th Jan 2016 - 24th Jan 2019

brizzledfw

Thanks Trix....onwards and upwards

JoeyGrey

Great to hear this thread is continuing. I paid off my mortgage with the support of you lovely lot, but things have changed quite dramatically for me since I started the journey. I'm now married and we are just buying our first together house. We complete on 11th January, and my MF journey starts again. Much higher starting point, but with help this time from my amazing husband.
Will go and hunt down the new thread and look forward to the next few years x

norfolkdream

So sorry I forgot to update!!
My target was to complete my mortgage but I am just short of the mark (if you count £4887 'just' short)

So my end result figure is £4887. I would have made it but circumstances beyond my control put a stop to that grrr.

Started the challenge at £42,842 in Dec 2012 so have come a long way and not too far off my target, should be MF in May at the latest.
Good luck to everyone starting the next challenge.

pavlovs_dog

I've been hopeless at remember to post my updates. However I am happy to report that I have beaten the target I set (to reduce mortgage by £15k) by almost £1500 :j Mortgage now stands at £104, 488.

Suffolk_lass

Most of us with outstanding targets have moved to the new challenge now. Here's the link
https://forums.moneysavingexpert.com/discussion/5375506

SL