Mortgage Free in Three Yrs

setmefree2

Well done tryingtobe good and taka for going sub £50k

:T:T:T:T:T:T:T:T

setmefree2

taka wrote: »

:bdaycake:

Happy Birthday!!
:beer:
:j

DITTO - :beer::beer::beer:

catznine

:hello: Hi! Not been on here for a long while but thought I would update our progress
we started off in august 2007 with a mortgage of 120,000 then re- mortgaged in September for £85,000 paying off £20,000 and this weekend paid down 10% bringing the total down to £76,500 :j Now it's back to saving hard to pay down the next 10% - have £15 so far! :rotfl:but you have to start somewhere!

FreedomGirl

Hi,

Wow - catznine - that's fantastic!! Well done

How long until the next update - is it 1st October?

FG

FreedomGirl

Hi,

I just want to make a small confession...

I think this MFiT thing has really got under my skin

You might remember that in my last post, I said me and Mr FG were both unemployed (I am now going to be a student but with a grant so that's another matter ) and we were despondent about the fact that the One Account balance was going to go in the wrong direction....

Anyway, I decided to make the numbers look better by stashing our savings pots in the account, plus getting the OH to put all his savings in (for future course fees etc). To my great surprise, when it all got added up together, it came to 5K, so our balance is now sub5K

It's only going to stay like that for about a couple of weeks until the next DDs come out but hey, it's cheering me up

FG

setmefree2

FreedomGirl wrote: »

so our balance is now sub5K

WOW - I can only dream......:A Well Done:T

TallGirl

Quick update from me as I have now paid the bulk of our bathroom renovations.
Mortgage £18,000
Offset Loan £5400
Offset Savings £7000

So in effect the mortgage has not gone up has it?

Don't forget to post me your update up to 1st October I shall post the chart around the 12th giving you plenty of time to get it in.

andrinaperry

Can i join current arrwear of £7700 and would love to clear them by end of challenge

A

FreedomGirl

Hi Andrinaperry,

I replied to your question on the 23rd August (think it's post number 3521), suggesting going over to the 2008 MFW, as this challenge is over half way through

HTH

FG

ailuro2

http://forums.moneysavingexpert.com/showthread.html?t=660437

this is the link to the one you are looking for - it's for people wanting to be MF starting their journey in 2008.

The first MFi3 folk are over halfway through, as Freedom Girl says, the newer thread is a bit more enthusiastic - we're in the boring long haul bit now, not the first flush of mortgage overpayment joy!!

Good Luck all the same.




On a MFi3 note - me and DH are down to 4 figures!!!! :j

Updated my sig.:D. looking good for being MFi3 just in time for my 40th, but don't think we'll make it in time for hubby's, although notionally we would be there as we have shares that could be cashed in to cover the last 3K, but it's not worth cashing them in at the moment while they're so low value.