Mortgage Free in Three Yrs

comping_cat

Hello,

I also think the % would be a great addition - my figures are going really well, but does include my monthly payments as well as any overpayments ive made, so what i think i might do, is next year (once we have been going for a year) see how im still doing, and then re do my aims - fingers crossed i will get a lot more paid off than i initially thought!!!

TallGirl

Just a bit of good news from me. Entered a text competition to win tickets to Earls Court to see MPH 07. Won two tickets for the Firday show but decided not to go as train and hotel would cost a bomb. Put the tickets on Ebay in less than 1 hour they were sold. Face value would be £66 but I got £39 for them that is £35 clear profit after Ebay fees. Guess where the money is going....

You can enter the comp once a week so guess I will try again - really want to go myself on the Saturday.

Desperate_Housewife_2-2

dangeroussports wrote: »

I am not mathematician but I am 100% sure that you cannot pay your mortgage off in three years.

You see if you have a £100k mortgage and your salary is £17k per annum then you wont be able to do that.

Dont believe anyone who tells you that they can because they are liars and trying to trick you into signing up to a 12 month contract with Vodafone or David Lloyd but if you do then make sure you pay with your credit card because you'll have some protection and the banking ombudsmen will help you because that is his job and he is boring like that. But if you cut back on eating you wont be democracy loving.

---

eh?

Desperate_Housewife_2-2

It would be nice to draw a line now under the whole debate about paying off your mortgage and lets all get back on track to actually doing exactly that...regardless of our own personal opinions because that is what they are, personal reasons for doing what we are doing.

Its good that people are expressing their opinions but the underlying fact is that everyone who is involved in this challenge wants to pay off their mortgage for whatever reason. I hope it all blows over and we hear from DD soon.

I suppose there is no right or wrong answer and we can all strive to live in perfect eharmony, respecting each others opinions while having very different ones of our own. I can see both sides and if people choose not to pay off their mortgages then thats fine but for me it is my goal and I am happy to continue.

Thanks to everyone for your support and btw here's a definition of a troll for those who don't know (lol!) http://www.urbandictionary.com/define.php?term=troll

FreedomGirl

Hi,

As a newbie, just wanted to add my support to the calls to refocus discussion to MFiT !

Does anyone else use NSDs (no spend days) as part of their approach to MFW BTW ? I find them particularly difficult to do. I've done all the obvious stuff ("low hanging fruit" in management consultant-speak) such as 18866, utilities switching etc, running savings pots to smooth spends on a month to month basis, PAYG mobiles and we've been recording our spends for over a year (we eat waaaayy too much - no wonder I need to diet - and are too generous with friends and family !).

At the mortgage level we're at, it's mostly capital repayment so in essence MFW feels like a DFW task (but with kinder interest rates)...

All advice welcome

FreedomGirl

Karmacat

Completely agree with Desperate Housewife - I'd rather focus my energies on actually paying off my debts/mortgage, than do the financial equivalent of debating how many angels fit on the head of a pin.

So....... NSDs - I have lots of NSDs, Freedom Girl - I work from home, don't have a car, fairly long hours, so I simply don't go out. Its not part of a strategy, tho - wish it was! The strategy I'm using today is to keep open my home pages of the two mystery shopping companies I belong to so I can nab any jobs in my area quickly - but there haven't been any! Other things too - check out the stickies at the top of this board and the dfw board.

Good luck to all!

Kaz2904

I like the idea of doing the percentages. I have got the percentages in my signature but am not that good at working them out so it is a rough guide for me.

The thing that gets to me is that we let things slide quite quickly so I think it is very good to have long mid and short term goals.
I'm putting all of my quidco money into the mortgage and am trying to keep my eye on the ball.
I don't know if I will manage to reach my target but I do know that even if I don't I'll be close and that's good enough for me!

FreedomGirl

Hi Karmacat,

Thanks for the tips. My problem is that I live about 2 minutes walk away from a 24hr Tesco extra, plus am at home at the moment Unfortunately, there's nothing stopping me talking a little walk and a break.

I've switched to cash only (this month's the first month, and it's working well) so I can't spend it if it's not in my wallet but...even so, it's £3 here and £4 there...I just must be very weak willed ...or their marketing and sales guys are very good . On the positive side I am picking up the bargains as I can go in at the right time. And I've done my first online shop with Tescos which, with vouchers, is also good...

Good luck with the mystery shopping...

FreedomGirl

Superfast_Gran

dangeroussports wrote: »

Ooooh you seem like a nice person - NOT!

Perhaps if you spent less time counting coins and mimicking scrooge you'd be a nice person.

It's true what they say about the tight fisted.

Que? Is everyone going mad? Can we please, please just go back to encouraging each other regardless of why or how much / little a dent we're making in any of our debts but especially our mortgages? Life is too hard and too short to be having a go at others, I've now got a 4th relative developing a serious illness and looking at hospital time, my foster kids are definitely moving next weekend, I've had chest pains and am scared to go to the doc (don't worry, I will) - those are real problems. Lets get things into perspective. Please?

FreedomGirl

(((((((Superfast_Gran)))))))

Take care of yourself

FreedomGirl

ps Love your username - I think of you as a record-breaking 10K runner