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

financialbliss

trix-a-belle wrote: »

Hmm FB I'm not sure the upload form is quite working right, I updated my figures yesterday morning but it appears you've not got them through *scratches head*
I'll put it though again later when I'm on a pc

You need to step through to page 4 of the form. Spotted an update from yourself - just about to post them for today including yours...

FB.

financialbliss

New starters / updates for this evening.

New challengers:
119. jeanniefaethecarse. Completely clear my £60,000 mortgage.
120. CaroB. Completely clear my £35,884 mortgage.
121. hypno06. Reduce my mortgage from £154,655 to £125,000.

Objective updates:
20. mfwin2019. Reduce my mortgage from £147,772 to £90,000.
31. beth111. Reduce my mortgage from £147,083 to £125,000.
97. trix-a-belle. Reduce my mortgage from £26,865 to £2,500.
106. black taxi. Completely clear my £21,000 mortgage.

As per usual - I'll PM the newbies.

Anyone keeping an eye on chart 01? We're a touch shy of 12 million :eek:

FB.

PurpleJellyFish

Hi All!

Just submitted my form so I eagerly await my number!

trix-a-belle

financialbliss wrote: »

You need to step through to page 4 of the form. Spotted an update from yourself - just about to post them for today including yours...

FB.

It definitely went all the way through both times to the submitted watch the thread for updates message, odd. At least you got it second time round, thanks

Snood

Hopefully got myself signed up on the form.

Good luck everyone not long to go until the beginning of the challenge now. Looking forward to seeing all the mortgages reduce over the next three years.

Snood

SusanneCape

financialbliss wrote: »

Anyone keeping an eye on chart 01? We're a touch shy of 12 million :eek:

FB.

WOW, how inspiring. Can't wait to start.:j Just waiting for my mortgage statement with the correct amount as at 30.11.12.

samtoby

SusanneCape wrote: »

WOW, how inspiring. Can't wait to start.:j Just waiting for my mortgage statement with the correct amount as at 30.11.12.

Wow I agree! :T

diadeb

Just given my final update on MFiT-T2, so here I am bright and breezy ready for challenge T3! I hit my target of reducing our mortgage by £66471, but it's a LARGE mortgage, so the next challenge is to get it down by a further £50K. To that end I have £70.95 left over to start this challenge.

I have a couple of spreadsheets that I use. One is super complicated and charts virtually every penny of savings, investments and mortgage that we have. I have investments that are designated to pay off the mortgage, but we're still investing at present. So one column tracks the investments minus the mortgage, which currently stands at about £50k down. So the end of this challenge, if we achieve the goal, should see us mortgage neutral i.e. enough in designated savings to pay down the mortgage if we wanted/needed to.

The other spreadsheet has a house shape with bricks marked with lots of different values. I colour several bricks in every month when I overpay or offset. Looking forward to a day some time in the future when it's completely coloured in!

Welshlassie

Hi guys

Trying to get back into the swing of checking here.

I've just sent through my revised starting point it was a few grand more than I anticipated it would be.

Although we started in the MFi3-T2 we pulled out about halfway through when our finances took a dive (having a baby isn't great for them!). We have some debt to pay off (0% but to family so want to get it gone asap) and then we can focus on rebuilding our savings and clearing the mortgage.

Both me and DH are more focussed on our finances now, which was always the problems in the past it was just me with him spending. Now we have reigned ourselves in and realise that we aren't actually missing out on things, we should find we have more pennies floating around that we can throw at the mortgage.

We haven't set a huge target, but as we have an IO mortgage it'll be a stretch to get there.

Good luck everyone (assuming the planet makes it through 12/12/12 )

samtoby

What spreadsheet is the best to work things out?