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Missu's mission to be mortgage free
Comments
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Another overpayment ready to go. £120 made up of my Halifax switching bonus £100, Halifax reward £5, lottery win £5 and 20ps from piggy bank £10 😄0
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Hi good luck with your overpaying - we seem to have similar morg obligations and similar timeframe left to pay it too ! Yes it does get addictive - as one of the previous posters pointed out each pound paid off is roughly equal to 2 pound in the long term.Started this journey in 2013 (on a previous diary) with approx 94,000 total of morg and debt combined
Total Morg and debt outstanding March 2019. 84,487.00
Total morg and debt o/standing 1/11/19 - 80,177
Total morg and debt o/standing 8/3/20 - 77,996
Total morg and debt Feb 2021 - 75021
Total morg and debt jan 2022 - 68441
Dec 2023 zero mortgage - debt under 100000 -
Enjoying_life_more wrote: »Hi good luck with your overpaying - we seem to have similar morg obligations and similar timeframe left to pay it too ! Yes it does get addictive - as one of the previous posters pointed out each pound paid off is roughly equal to 2 pound in the long term.
Hi love your name! It's always nice to meet other MFWs in the same situation and at the same stage. Do you have a diary?0 -
Tilly_MFW_in_6_YRS wrote: »Hi Missu,good luck with your plans, it does get a little addictive, but in a good way
Best wishes Tilly
Thanks Tilly!! I'm addicted already even more so than clearing the cc.0 -
Another overpayment ready to go. £120 made up of my Halifax switching bonus £100, Halifax reward £5, lottery win £5 and 20ps from piggy bank £10 😄
Woo hoo! :jSealed Pot Challenge - No. 117
Bank of Mum & Dad - £3150/£10,000 (£6850 to go) Bank of In Laws - £4600/£12,000 (£7400 to go)
MFW - MFD - [STRIKE]5 Apr 2029[/STRIKE] 5 June 2025 : AIM = NOV 2019 (back up aim = MAR 2023)0 -
Hello again diary
My budget tells me that my last credit card balance of about £1500 will be cleared at my next pay day, 25th of this month. So from December and more seriously in January, I can really start to make a dent in my mortgage. I'm going to save alongside OPs to avoid the overpayment charge so that at the end of the fixed rate term I'll have a lump sum to clear the highest interest rate part of the balance 0 -
Hi all
Just an update on my mfw diary. I'm now debt free, got through Christmas on budget and I'm planning my finances for next year.
My plan is to overpay by £750 per month. That should bring down my balance steadily and I should manage it comfortably0
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
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