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

financialbliss

Drum roll please.

Chart 01 in the third MFiT challenge:
https://docs.google.com/spreadsheet/ccc?hl=en_GB&key=0AnhcWfGMRVgddE1iTjMwaFQ3Y3EtOS1GQ0NkUnUwdUE&single=true&gid=4&output=html

Firstly, due to the way the update form works in that you have to choose the chart you're providing a challenge for, instead of just getting the balance logged, it logs the chart you want to report the balance for, plus the balance.

Which means if you missed out today, you can still be updated later on. So if you have not provided an update and you're still interested in this challenge, please feel free to provide an update whenever you can.

Secondly, the formula are all based on balance reductions. Should have gave this a little more thought a little earlier, but challengers building up savings will find that their repaid, shortfall and percentage columns are incorrect. I'll address that. Probably not this evening though.

Other than that, well done everyone. Many of you in the green.

There's a few oddball looking entries - I may has mis-typed the update or there may be some other formula issue. If you could give me 24 hours before you PM me en-mass :rotfl:

Thanks again everyone for supporting this challenge. Give yourselves a pat on the back. Only 11 more to go.

Financial Bliss.

financialbliss

Matt_The_Chippy wrote: »

Really sorry to be a pain FB, my figures for the first 3 months are increases to my Offset pot, not a mortgage balance.

Could I ask that my challenge be changed from reducing the mortgage to increasing my Offset account from £29,062 (Dec12) to £59,062 (Dec15) please? So the Mar13 figure of £3,022 gives a balance of £32,084.

Matt, Yours was one of the entries that immediately rang alarm bells as being incorrect. I've simply got to that part in the day where my brain has stopped being productive. I've just made a change to your objective and balance, but need to check this over when my brain isn't running on empty.

I know you all like your stats up to date and correct

FB.

Matt_The_Chippy

Woo hoo!!! Updated already! Thanks FB. I'm green and at 10% of my total, so slightly ahead of schedule (8.33%). This quarter should be harder to keep on track but I'm going to do my best to smash this challenge!

Matt_The_Chippy

financialbliss wrote: »

Matt, Yours was one of the entries that immediately rang alarm bells as being incorrect. I've simply got to that part in the day where my brain has stopped being productive. I've just made a change to your objective and balance, but need to check this over when my brain isn't running on empty.

I know you all like your stats up to date and correct

FB.

Please don't stress yourself with us rabble!!! We all apppreciate your hard work and efforts :beer:

HelenDaveKids

Thanks FB. super motivating.

Had a super start as cashed in endowments so an "easy" green this quarter, however no other under mattress money, so its nose to the grindstone from now on.

JoeyGrey

HelenDaveKids wrote: »

Thanks FB. super motivating.

Had a super start as cashed in endowments so an "easy" green this quarter, however no other under mattress money, so its nose to the grindstone from now on.

Similar story here, great start for me but it'll be a harder slog going forward. This is so motivating though, those pennies will be finding it much harder to escape through my fingers over the next few months

Thanks for all your hard work FB.

Skittle

Sorry I've left it a bit late to update.

My figures for the first few months are pants! There have been numerous unforseeable big spends which has meant we have been unable to save much for o/ps. The next 3 months should be better hopefully.

brizzledfw

Thanks FB..it's great to have you managing the challenge like this

gallygirl

Seconded FB, you are a star :T

I_want_a_baby

BIG THANKYOU to FB :T for doing all the legwork sorting all of our updates out - I personally find it very motivating challenging myself to beat my target!

VERY happy to see I am at 10.18% so ahead of the target 8.33% .

The even better news is that I have just got an evening job to work around my current stay at home mum role and guess where my new wages will be going . My husband & I plan to save & overpay as much as possible in the next 5 years as we have plans to buy a bigger home and have more children .

Onwards & upwards everyone - stay focused!

Stacey x