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2014 mfw
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mortgage_destroyer wrote: »Have unlimited overpayments on my mortgage & have built up an overpayment reserve over the last couple of years as far as i'm aware I can draw back any overpayments on my mortgage should anything bad happen, is it wise to put any savings into overpayments too.
I would double check you can get those overpayments back before doing anything.
As for savings vs overpayments the rule I follow is to have a fully funded emergency fund of 6 months expenses (all direct debits plus additional necessary expenditure like groceries etc). Once you have that in place, you can get cracking with the overpayments. If you want to get more input I suggest starting a new thread and keeping this one for people reporting their overpayments.
This week's spreadsheet update has been done - some great progress being made. Well done all!
At the end of the first quarter we have a few people who signed-up for this year's challenge but have yet to make an overpayment. I've marked these in red on the first post - of course you can make an overpayment at anytime but just in case people are forgetting to post their overpayments on here I thought it might be useful to mark as a prompt. Thanks. MFW 2015 #41 = £20,515/£20,515
MFW 2014 #41 = £26,100/£25,000
MFW 2013 #41 = £10,000/£10,000
Original MF date = May 2036 - MF achieved on 15 June 20150 -
No 9 reporting an overpayment of £1178.06 for March0
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No. 128 with April overpayment of £550.0
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#19 reporting £693 OP for April :-)
Back on track at last and happily mortgage is finally into the 70s!!!!Mortgage balance £21,251.37 2 Oct 2019
Mortgage balance £63,086.48 24th Mar 2015
Original mortgage end date Aug 2033, aiming for Jan 2022
2019 MFW #132 £4350/£30000 -
No 92 reporting total payment for March of £851
Payment so far for April - £739.74 but hopefully more to come!
Mortgage 12.12.12 £55842 12.12.13 £42716 14.12.14 £28837 13.12.15 £25913
Mortgage OP £50/£600 House Fund £420/£50000 -
First April OP for #30 - £499.99
Running total for 2014 now stands at £4841.94 0 -
overpaid another £235.84 today so running total for april is £1039.34 for no 7 please.mortgage 1 33,000. paid nov 2012
. mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... £101065.43:eek: now 74k0 -
Hi,
Can I join in please?
My target this year is to overpay £8000.
And to start me off I paid £500 into this yesterday which I'd like to count.
Thanks£10 a day challenge
£100.16/£3100 -
Hello! No. 54 (Beckyy) reporting an April OP of £205.
Thank you 0 -
Hi,
No number allocated as yet but can you please add another overpayment of £300 for me.
Thanks£10 a day challenge
£100.16/£3100
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