2018 Mortgage-Free Wannabes

runninglea

Hi number 88 - reporting an overpayment of £1,700 for september

Lexi-lu

Hello

Number 58 September Mortgage payment £3,000

Thank you

LL

beanielou

beanielou wrote: »

Another £11 for me.
So £22 this month.
No 144.

Another £33.
So £55 this month.
No 144.

pawlala

Dobbibill wrote: »

Hi All,

I've been lurking on this thread for over a month now and have just finished reading everyone's progress. It really is inspiring.

Pawlala - Would I be able to join please?

I've been overpaying a little for a few years but never made the commitment of joining a challenge.
I'd like to set an annual target of £1000 - not alot compared to some I've seen but all relative. I guess the main thing is, overpaying something is always better than nothing.

Thanks


Dobbi

Welcome #45

I've decided to fill some of the old slots where #user from January has not even provided a yearly target. Unlikely to do so now at this late stage!

pawlala

apache2020 wrote: »

Hi all,

Be great to have a mfw number....

Mortgage of £300k so seems like a long and winding road, add in childcare costs and I sometimes wonder whoI am actually working for��

Anyway, I am starting small with OP of £150 pm as I also want to maintain a 6 month rainy day buffer. Calculations sho even this amount shaves 5-6 years off my mortgage

Hopefully can improve on this but got to balance with other pulls on family finances. Our house is in need of modernisation too but holding off until post Brexit to see if this government manages to completely �� lunch our economy, concerned that we are in the plateau of low interest rates and financing costs only go north from here, what’s others thoughts on a defensive position in this regard?

Good luck to all ��

welcome #48! Do you have a target?

Dobbibill

pawlala wrote: »

Welcome #45

I've decided to fill some of the old slots where #user from January has not even provided a yearly target. Unlikely to do so now at this late stage!

That's brilliant - thank you pawlala

As I've set an annual target I'm going to provide all my updates from January that I was plodding along with before I joined.

#45 update
January £97.04
February £223.82
March £97.04
April £94.88
May £54.00
June £54.00
July £54.00
August £54.00
September £88.11

Total YTD - £816.89

Thanks
Dobbi

teameffort

Hi All

#143 reporting a total over payment for September of £739.58

Thanks Pawlala

michelle09

#28 with a £200 OP! Slowly but surely plodding our way along.

becky170

Hi All,

#7 here with an overpayment of £320 for September.

I've taken to reading MFW diaries when I am feeding my newborn in the night to keep me awake. It got me thinking about our mortgage and made me realise that in the 4.5 years we've been in our house our mortgage has gone from £200000 to £165000, which actually made me quite proud! With two kids and childcare to pay for our overpayments may go by the wayside for the next couple of years, but at least by overpaying now we've given ourselves some wiggle room if interest rates go up.

Chutney86

#93 with an overpayment of £31.30 for September

Thanks