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2019 Mortgage-Free Wannabes

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  • Mortgage_Minimiser
    Mortgage_Minimiser Posts: 338 Forumite
    Part of the Furniture 100 Posts Name Dropper
    edited 22 December 2018 at 4:25PM
    Hi,

    #46 here. Ive decided that my target for 2019 is £8,000.

    I managed £11,515.16 this year, but I think next year will be a little more difficult. This will still result in a net reduction of over £16,300 when taking into account standard payments and then interest - so im quite happy with that. If I can do more, than great!

    Let's see how this goes...…

    Happy Christmas all!

    MM
    X
    Mortgage 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!!!
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Hi,

    #46 here. Ive decided that my target for 2019 is £8,000.

    I managed £11,515.16 this year, but I think next year will be a little more difficult. This will still result in a net reduction of over £16,300 when taking into account standard payments and then interest - so im quite happy with that. If I can do more, than great!

    Let's see how this goes...…

    Happy Christmas all!

    MM
    X

    Hi MM,
    Thanks for letting me know, and well done on your overpayments this year :)
  • Suffolk_lass
    Suffolk_lass Posts: 10,306 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Please can I join and go for £20,000 in reduction in 2019? I haven't done this challenge before and I don't mind what number.

    I have been number 2 over on MFiT Take 4 that is coming to an end - I might ask Trix over there to give me the same number when Take 5 (sounds like a band) starts in January
    Save £12k in 2025 #2 I am at £4863.32 out of £6000 after May (81.05%)
    OS Grocery Challenge in 2025 I am at £1286.68/£3000 or 42.89% of my annual spend so far
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My new diary is here
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Please can I join and go for £20,000 in reduction in 2019? I haven't done this challenge before and I don't mind what number.

    I have been number 2 over on MFiT Take 4 that is coming to an end - I might ask Trix over there to give me the same number when Take 5 (sounds like a band) starts in January

    Hi Suffolk lass and welcome to the challenge, you're our #107 now.
    I'm also looking forward to Take 5 ( :D ), will be great to start a more long-term challenge!


    Merry Christmas everyone :j
  • Kittenkirst
    Kittenkirst Posts: 2,468 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Merry Christmas Julicorn and all the mfw’s :)
    First home- Oct’16 until June’21: £170.995- Overpayments made £13,784 (25% extra!).
    New forever home- Sep’21 £309,449 @ 2.05%. Plan to clear it before 30 years!!!!!!
  • Hi hoping to be mortgage free by the time I’m 50 in 2020 so hoping to make £12500 in overpayments in 2019 please can u put this as my target for the year -no 100
  • Heya!

    £12k ambition for 2019. Was #35 last year but don't mind what number.

    :)
    "Everything comes to him who hustles while he waits" Thomas Edison
    Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Merry Christmas Julicorn and all the mfw’s :)

    Thank you Kittenkirst! :heart2:
    Hi hoping to be mortgage free by the time I’m 50 in 2020 so hoping to make £12500 in overpayments in 2019 please can u put this as my target for the year -no 100

    Hi mortgage destroyers, that's all logged now :)
    Heya!

    £12k ambition for 2019. Was #35 last year but don't mind what number.

    :)

    Hi Unicorn cottage, more than happy for you to keep your number. :) I've just put in your target now, and it's pushed our overall goal to over £700k! :j
  • Hi Julicorn,

    After smashing our target this year, we’d like to continue our mortgage free journey with you guys.

    Can I register a target of £5000 for 2019. please can I keep my same number #10

    Thanks a mil

    MIB x
    MFW2020 #5 £2,000/2,000 MFW2021 #5 £1,850/3,500MFW2022 #5 £3.001/3,000Sep'12 £233,750 Jan'15 £222,329 Dec’21 £139,584 MFiT T4 #24 £48k/£34k MFiT T5 #24 £22,186/£41k MFiT T6 #24 £4,700/£29k
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Hi Julicorn,

    After smashing our target this year, we’d like to continue our mortgage free journey with you guys.

    Can I register a target of £5000 for 2019. please can I keep my same number #10

    Thanks a mil

    MIB x

    That's excellent, thank you for letting me know MIB! :)
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