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

FlashBarry

Just updated my chart to £64,500!

I have decided to lump in my ISA cash with the offset amount. This puts us nicely ahead of our target, but payments may slow down soon...

We are also expecting a baby in 2013!

Hopefully, we can still achieve our total target :A

ShelleyC_2

FlashBarry wrote: »

We are also expecting a baby in 2013!

Hopefully, we can still achieve our total target :A

Congratulations :T

MFIT-3 is going to have a few new arrivals

Needhelpsaving

Congratulations Flashbarry!

SusanneCape

Congratulations FashBarry. All the very best.:j:j

mfwin2019

Hi

Just posted my chart update.

Coming in with £124,983 definitely green this time but it includes a £20k endowment payout so the rest of the challenge will be small & steady amounts from here.

No more overpayments this year as I am saving for a Florida holiday so it will just be my normal balance reduction of approx £480 a month from the planned monthly mortgage payments.

I am a bit of a lurker but love reading all of your diaries for inspiration - Thank you all

MFWin2019

Kwaker_Knacker

Congrats Flashbarry

K_K

ElusiveLucy

#50 just sent my chart update in (missed the last one due to forgetfulness!). My balance is now £37,199. When I started doing OPs seriously my balance was £90k, so it is amazing to see it come down so quickly.

If I meet my MFiT challenge (to clear mortage by 12-12-15) I will have cut 11 years off the original 25 year term of my mortgage.......wow! I don't think I would have stuck with it if it were not for the support of the challenges, so well done everyone!

samtoby

ShelleyC wrote: »

Congratulations :T

MFIT-3 is going to have a few new arrivals

Yay! Great news.

TallGirl

Just posted my update I cannot believe how much things have changed for me since January of this year.

I took voluntary redundancy in February worked out my notice and a bit more and started new job Mid April (no gap).

It was very had to wave goodbye to a £37k p.a salary and a free company car to still working full time but on £22.5k p.a and no car.

Still I absolutely love it and I am so sure this was the right things for me. I have moved into management to a step up although moneywise clearly a step down. I did get £15k redundancy money and bought a car on low finance so still have most of it. I might have to spend some of it on holidays etc as my new monthly income is £400 less than it used to be and I now have car costs too.

My goal was to increase my savings from £12k to £30 during this challenge and that is still doable but I will only count long term savings for this so today that totals £19,232 look forward to see what % increase that is.

I used to waste so much money and never really consider what I spent but now every penny count although I do want to travel to see family and friends as well as treat my family. Just been on a trip to Denmark and plan to see a friend Oman next year. I am still saving £300 a month via 1st Direct and also put £50 pm into a S & S ISA. I got the £100 Quidco cash back so thought it worth a punt.

My redundancy money has partly been lent to DH to complete his 12/13 ISA and the rest is sitting in a 123current account.

I look forward to seeing the new chart and hope to start a new diary soon. Off to do some gardening before golfing this morning.

Hope it lovely and sunny where every you are.

PaddyPaws

#146 - have sent in my update and I'm still green :j

I've not been posting recently (just life in general) but have been reading when I get chance. Think it's time to resurrect my diary to keep my motivation going

thanks to FB for making this challenge possible
PP
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