Mortgage Free in Three Yrs

TallGirl

Time for updates, please pm me by 15th Jan

Please keep the updates coming I shall post a preview of the chart this Saturday and then you have until Friday 15th Jan to send me the updates.

Even if you haven't updated for ages please do so you don't come off the chart. We only have 50 left now of the original people.

gallygirl

Just PM'd TG.

Start £53,300.48
Now £29,287.12 (whoo hoo, hadn't noticed was sub 30k
Paid off £24,013.26

Back on track, should just hit overall target of £25,400 on 1st Feb, so a few months early :T. V happy & shows my tough target was pretty spot on... off to see how I calculated it

gallygirl

gallygirl wrote: »

Can I join please .

I need to pay off around 5k of 'debt' as OH has contributed more to 'pot' than me & I'm stubborn & independent :rolleyes: .

That WILL be done by 31st Dec, then OH will match me £ for £. But, my commitments are increasing in other areas in Sept :think:. Hmmmmmm......

OK, 2 full years @ 200 a month x 2 of us, £9600. Plus Jan - March 2010 @ 200 a month x 2, £1200. Plus the 5k I'm paying this year, = £15,800. Plus all the extra odds & sods & peefer the mortgage pig & pigsback & quidco :think:.

OK - my detailed financial analysis gives me a target of £20,000 please DD! (Which is pretty pants compared to some of you _pale_)

Hmmm, this somehow appeared on chart as £25,400 . I met the 20k target in August 09 . Methinks DD thought I could achieve more so upped it, so thanks DD :rotfl:

Trying_to_be_good

I've moved over to the MFiT T2 thread, having sold the house I was paying off on this thread and moved to a lovely bigger house with a huge mortgage. But I keep subscribed to this thread to see how everyone's doing.

I'm on the South coast, with lots of snow, and a lovely head cold so haven't walked into work despite it being less than two miles. I'm sure the world won't stop without me this week. With either the cold or the bad weather I'd have gone in, but with both it'll just make me worse (as well as possibly sharing it with others), so it's the grown up decision. That my reasoning and I'm sticking to it!

On a more MSE note, I'm getting used to having an offset mortgage, with all savings bar the cash ISAs in there. I can still match the mortgage rate with a fixed rate ISA, so have gone for the long-term tax advantage of that, and a spreadsheet which shows it offset against the new 5-year fixed rate mortgage.

Good luck, everyone, whether you're trying to be mortgage-free or, like me, enabling yourself to buy or do something else.

taka

I didn't give a number for the last update as I have made the decision not to count some of my savings in this challenge anymore (I want a bigger safety net of money to live on if I don't get further funding for my job next year) so my numbers have actually gone up!

Do you still want my numbers... Technically I've still met my target (11k off) as my start was £56k (as it included a bathroom loan/savings) and my actual mortgage was just under £45k as of the 1st Jan. I just feel a bit odd about my decrease being less...

TallGirl

Afternoon all, I know many of you might not have had your mortgage statements yet but here is a sneak preview of the chart. I will post again next Sunday and hope to get the rest of the updates.

Little_Miss_Saving_Money

:rotfl::rotfl:Just wanted to say a very well done to all of you above, I would be jumping:j for joy if I were mortgage free!

Keep up the good work and I shall be joining you on this board when I have paid off the credit card! Best wishes, LMSM;)

skaps

Just want to repeat what Little Miss Saving Money said. Just found this thread and will be following everyones progress. Well done to those of you who are already mortgage free and good luck to the rest of you and keep it up.

hughmungas1986

TG, the latest chart looks great, congratulations to all those who are Mortgage Free already. We won't be MF by the end of the challenge but we'll be well on the way to achieving our final MF date.

[Deleted User]

It's great to see that asterisk next to my row in the table - thanks TallGirl for the update!