2014 mfw

icontinuetodream

£770 so far for February for no. 92

kandfs_mam

Hi all,
Can i join in again please? My old number was #30 but i see thats been taken, so please just allocate me any number.
My target for 2014 is £3000 but overpayments wont start until end April when i'm back to work after maternity leave

kbl

Well done Anna!! :beer: It must be a brilliant feeling.

#132 reporting in with an overpayment of 10,000 :T. I won it in a raffle that we always enter every year to support the local football club (50 entry). Know we should have used it to clear off our debts, but am dealing with them, so as soon as the cheque cleared, I put it off the mortgage. Am proud of myself, in the pre Martin years, we would have cleared the debts, had a holiday and built more debt, have come a long way! To that end, would like to change my target from 9000 to 15000 please?

Anna_Glypta

Thank you so much everyone for your lovely messages - it really is a great feeling and when I've come down off the ceiling I look forward to continue following all of stories too - thank you xxx :T

Can't wait to get my badge!!! AG :j

Time_to_face_the_music

Anna_Glypta wrote: »

Number 67 reporting that

I'M DONE!!!

Please put me down for £4,200 which completes my challenge this year and I am officially mortgage free.

So Excited !± :beer::j:beer::j

Congratulations Anna Glypta :T :j :beer: _party_


I can't wait to make a post like this in June, am wishing my life away to get there :rotfl:

Anna_Glypta

kbl wrote: »

#132 reporting in with an overpayment of 10,000 :T. I won it in a raffle that we always enter every year to support the local football club (50 entry). Know we should have used it to clear off our debts, but am dealing with them, so as soon as the cheque cleared, I put it off the mortgage. Am proud of myself, in the pre Martin years, we would have cleared the debts, had a holiday and built more debt, have come a long way! To that end, would like to change my target from 9000 to 15000 please?

That's fantastic - well done. LOVE FREE MONEY!

ElusiveLucy

#150 here with my Feb OP of £500.

Well done Anna!

endoftherainbow

Mortgage Destroyer - I don't think it makes any difference in the long run. If you reduce the term, you pay the same for a shorter period of time. If you reduce the payments, you are still reducing the amount owed and the interest you pay. Either way you win because you're paying it off. I think its just down to personal preference which option you choose.

Shepherds_Wife

No57 checking for my monthly update.

Wow January was a long month, made an over payment of £1,000 at the beginning of the week. :j
Still waiting for my statement to be able to see the results of last years hard work and serious money saving. Have an idea of what it should look like but i do like to see it in black'n'white.

Keep up the good work.:o

kirstypark

morning, paid another £225 to no 7 please (feb total 1016.99)

Congratulations Anna :j:j:j :T:T:beer: Gives us all hope that one day we will all get there.

Just to throw my opinion into reducing term or payments, it doesn't make much differance but i reduce payments (then overpay the differance). By doing that it makes the same impact on the interest paid, but we have then have flexibilty to pay smaller payments over a longer time if we ever needed to. I worry if we had to go down to one wage that we would be commited to continuing larger monthly payments. Also we can borrow back our overpayments at a current rate that is much cheaper than any loan if we needed to. Hope we won't and manage to continue paying then the mortgage will end quicker anyway.