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

samtoby

samtoby wrote: »

Please may I join? Bit premature as have not completed yet. But will hopefully in next couple of weeks. I have done the form.

We completed Friday....so off I go!

slowlyfading

We're hoping to complete by next Friday :j :j I'm excited

samtoby

slowlyfading wrote: »

We're hoping to complete by next Friday :j :j I'm excited

Its such an amazing day - enjoy! :T

samtoby

Well I am not organised yet with the OP. But I know that really I need to set a day in the month where I push money across - is that what everyone else does? Or do people just make the direct debit higher? xx

financialbliss

@samtoby - I used to always overpay on the first of the month - can't overpay any earlier than that.

And if you're on daily interest, of which I think most are these days, the sooner you overpay the better.

I also shortened my term a number of times, pushing my DD from 543.80 eventually to 887.41

FB.

HelenDaveKids

Please can I update my challenge.

My thread is (i hope ive done this right)

https://forums.moneysavingexpert.com/discussion/4171949

Due to cashing in endowment policy early and all the scrimping and selling ive done.... its now (as of December) 86.4k and I'd like to reduce to 33k as intend to cash in my other endowments early.

Thanks.


SOrry - just read how to update....DOH!!

gallygirl

samtoby wrote: »

Well I am not organised yet with the OP. But I know that really I need to set a day in the month where I push money across - is that what everyone else does? Or do people just make the direct debit higher? xx

Em no........ I pay whenever I get spare cash. So if an ebay sale comes through with £1.87 profit that gets OP'd .

Mortgagefreeby50

Hello,

Please can I join in?

My target is to pay £10,000 off my mortgage in 3 years.

My diary is here: https://forums.moneysavingexpert.com/discussion/3646121

Many thanks and good luck to you all!

Edited: just sent an update form with my objective and starting figure, thanks!

samtoby

It's a working progress!

I just don't know what will be best for us but we will see :-)

Southernman

I'm quite excited by this. It's my first MFIT challenge and if i succeed then i'll have paid off a 1/3 of my mortgage in under 5 years on one income.

(i'm a youngy so i'm not as MSE as most other people in these forums as i like to have some fun while i'm young and buy the latest gadgets/go on holiday too)