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The Mortgage Free in Three - Take 4 challenge (MFiT-T4)
Comments
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trix-a-belle wrote: »
OurCornerCottage thanks for your chart 3 update but you had already put one in
Whoops, I just presumed I had missed it!0 -
Wow Brila,
Congratulations! What a wondeful feeling that must be!MFW Start:[STRIKE] Sep 2014 - £110,844[/STRIKE], July 2019 New Home £190,995 :eek:
Current: £82,999.69, £190,972.18, £188,091.57, £180,026.25
2021MFW #97 OP Goal £296.36/£3000
2020MFW #97 OP Goal £3104.09.09/£3000
2019MFW #109 OP Goal £1024.99/£10000 -
Congrats brila, and well done everyone! Here's to a great MSE 2017 for us all MFiT-T4 Member No. 96 - 2022 is my MF goal
Winter 17/18 Savings Rate Goal: 25% [October 30%] :T
Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista:rotfl::T0 -
I second that brizzledfw!
Just updated for Chart 4, mortgage payment gone out today and won't be making any more payments till next month.MFIT #73 - Pay all mortgage off in 3 years[STRIKE] £46,400[/STRIKE]£34,295 PAID £12,1050 -
My January OP is done too, so I'm ready to update for Chart 4 - currently at £109,394 so £6.8k paid off since the last update, and amazingly £25.6k paid off since the start of MFiT-T4. So at the one-third distance i'm still green.
I set a target of £75k repaid over three years, which was always going to be a huge ask for me, and although I've made it through year 1 I suspect I may start to dip a bit behind in year 2 - keeping on track needs an extra £5k that doesn't really seem to be in the budget this year. I'm happy though, even getting close to £75k would be superb.
Two big milestones coming up, Chart 6 should see me drop under the £100k mark, and at the same time i'll pass the £50k OP mark - so I'll be £50k and 8 years ahead of where I "should" be 0 -
#59 reporting in:
January payment made - mortgage now at £222,884.32
No sure where this puts me against target, so I shall be keen to see the updated chart.
Happy new year everyone and good luck for 2017!
MM
xMortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000
01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41
Debt at highest point in 24 -£21,344
Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!0 -
Some updates coming through ready for chart 4, looking forward to some more.
Please submit your figures using The MFiT-T4 form
Thank you
- Mortgage: 1st one down, 2nd also busted
- Student Loan gone
Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps0 -
I have submitted my outstanding mortgage: it is not looking great at present but fingers crossed, the house sale goes through this year and I can reduce it down to £30k.Mortgage start September 2015 £90000 MFiT #060
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Really pleased to be a year in and I seem to be on target! Hopefully more of the same this year for us all!
Jodles MFW2020 #115 250/3000 J-250
1% challenge- /1525Save 1k in 2020- /3000
Joining in UberFrugalMonthChallenge set up by the Frugalwoods!
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Chart updated and really hoping to be on target!June 2025 - part 1 - £19,145 part 2 - £21,973 Total - £41,118 29 months to go!0
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