We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

2016 mfw

1910121415105

Comments

  • How hiddenshadow thats an awesome target!!

    No. 89 reporting first OP of 2016, £2000 for January but hoping i might have pennies left for another at the end of the month.
    Good luck all xx
    1.7.15: £157,469.64, 10.02.16: £93,434.74
    FIT-4 #34, MFW 2016 #89 (£7350/24000)
    Target MFW Dec 2018
  • Number 15 checking in as well!

    I made an overpayment of £200 this week. I had hoped to make it at £500 but decided to book a holiday for Lanzarote for 2017. I aim to make up the remaining £300 by the end of the month so that it still falls within the target of £500 per month.

    Miss Pinky
    MFW #15
  • Yorkielass
    Yorkielass Posts: 2,235 Forumite
    Part of the Furniture Combo Breaker
    Yorkielass Number 44.

    Have called up the Co op this afternoon and I can overpay a bit more than I thought (it's the balance including the overpayment fund not excluding it) so we're unlikely to get to that number this year.

    However I would like to increase the target to £14000

    This means about £4500 extra after our regular overpayments - the challenge will be to think about this over the year and not have a burst of encouragement at the start of the year, then let it slip and then scrabble for a big payment at the end.

    If we can do that we'll take another 3 years off this year, so be 10 years off in 4 years.

    To summarise:

    Yorkielass 44 - new target of £14,000

    First payment to report please regular dd overpayment - £792.54

    Thanks
    Initial Mortgage January 2024 - £160,000
    Initial Mortgage free date - January 2058
    Mortgage as of 1st February 2024 - £159,134.98
    Overpayments to date - £79.62
    Current Mortgage free date - January 2058
  • elantan
    elantan Posts: 21,022 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Elantan no 1 ... my first £50 of the year.... Tis gonna be a hard year this year so I may have to make smaller contributions but hopefully they will be more often :)

    Hope everyone had a guid new year xxx
  • Chutney86
    Chutney86 Posts: 307 Forumite
    Eighth Anniversary Combo Breaker
    #93 with an overpayment of £116 for January

    Thanks Lomcevak :)
    SPC #23 - 2015 = £319.60 / 2016 = £315.50 / 2017 = £490.75 / 2018 = £295.50 / 2019 = £267
    MFW #93 - 2017 = £1942.84/£1900 / 2018 = £8591.23/£9050
    MFiT-T4 #28 = reduced mortgage from £109,000 to £77,000
    MFiT-T5 #34
  • Kerfuffle
    Kerfuffle Posts: 1,384 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud!
    # 137 with the first over payment of the year 56.06gbp
  • Beckyy
    Beckyy Posts: 2,833 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Can I join and continue with #54 please?

    I haven't got a target just yet, will confirm asap.

    Thank you for starting the thread.
  • turtlemoose
    turtlemoose Posts: 1,699 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 6 January 2016 at 4:56PM
    £1132 for me please (£111pm) . I'd like number 92 if it is still available, if not then any is fine :)
  • £1132 for me please (£111pm) .

    I trust you are not superstitious as that is an awfully long time to be stood on one leg. :rotfl:
    Initial mortgage (Dec 2012) £108,000 3.84%APR MF date Jan 2038

    Mortgage remaining £68285
    Daily interest £4.28
    2017
    MFW #14 £3746.90/£10,000
  • No 100 Please can you put me down for £500 for January please, many thanks for running the challenge again this year, hope u r all better now!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.