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

financialbliss

BlueDaisy wrote: »

Is it too late to join this challenge?
Don't want to wait 2 years til the next one

No, not at all. If you supply the data, I'll update the charts.

Head back to the start of this challenge thread and fill in the form with your details and objective. I'll allocate a number and PM you back - not likely to happen until this evening though...

FB.

BlueDaisy

Thank you, hope I've done it correctly. Seems like a good time to join, just before an update
I have a BTL mortgage of £22173 hoping to reduce to 17K
and our own mortgage of £54747 hoping to reduce to 40K
We already overpay both of them every month and these targets might be a challenge but here's hoping

Mrs_Money_Penny

Hi just sent in my update will be great seeing how well we have all done. Thanks Financialbliss for all your time and effort doing this for us.

Taranaman

Number 80 clocking in on time for once. £148367, so not as good in the last quarter due to spending on a good holiday. Planning to knuckle down after Christmas and make some big inroads.

tjp70

Good morning.

I just done my update. I am going to be in the red; it's just a waiting game until those endowments pay out just before the end of the challenge.

Thank you FB.

black_taxi_2

I was in the red 3/4 years since I started,so don't worry about it

brizzledfw

tjp70 wrote: »

Good morning.

I just done my update. I am going to be in the red; it's just a waiting game until those endowments pay out just before the end of the challenge.

Thank you FB.

Agree with Taxi..I like to see every quarter if I am bottom of the table again:o..BUT I have SUCH big plans for 2014...watch this tortoise go:rotfl::T

black_taxi_2

brizzle --great your hitting debt-free target 2014

I hit mine

£8k-bank loan debt--PAID--01/06/11

it will have a snowball effect once paid,to o/p mortgage or save

brizzledfw

Thanks Black Taxi..yes I cant wait to start properly pushing money into the mortgage (luckily we can OP as much as we like at no penalty) instead of at pesky CCs. 31 March can't come soon enough

teapot2

Update done via Google docs - thanks FB for all your hard work on this challenge .

Now down to £16850 :j and our fixed rate has just ended so we're on a SVR now and can overpay as much as we want without any pesky ERCs....... onwards and downwards.