2019 Mortgage-Free Wannabes

jackieblack

Happy 2019 everyone! :hello:

Having a little financial 'tidy up' this morning, so (#4) kicking off 2019 with an OP of £34.33

Thanks julicorn :T

try_harder

Thank you ..83 is great

ajmoney

No 70 with my first OP of 2019, £500 for January

Thanks Julicorn

julicorn

cod3 wrote: »

#53 I have decided my 2019 target will be £1,830

I have now updated my avatar to celebrate reaching my 2018 target :j

Happy new year and good luck all for 2019 :beer:

That's excellent, thanks for letting me know! I love your tracker

YouWithTheSadEyes wrote: »

Hi,
I’d like to join and hope to make OP of £2000 in 2019.
Thanks

Hi there, and welcome to the challenge! You're #122

julicorn

jackieblack wrote: »

Happy 2019 everyone! :hello:

Having a little financial 'tidy up' this morning, so (#4) kicking off 2019 with an OP of £34.33

Thanks julicorn :T

ajmoney wrote: »

No 70 with my first OP of 2019, £500 for January

Thanks Julicorn

Congratulations you two on kicking off our 2019 overpayments!

CathT

Tempted to make my first overpayment of the year. Was looking through spreadsheet for my number allocation and am impressed some of you are already ahead of schedule. Great start to the year!

jackieblack

Been doing some sums this morning... (:o)

Thanks to the 2018 MFW challenge (very motivating and kept me focused:T) I OP’d an amount just over the amount of interest I was charged on my mortgage for the year. This means that all my regular MPs came straight off the outstanding capital :j

If I can continue to do that, my mortgage should be repaid in full in a little over 9 years time, cutting about 4.5 years off the term and about 6 months before my 60th birthday
I hope to improve on this further, but in itself the thought of this is very motivating

(Originally, the mortgage term would have had it repaid in April 2025, but due to ‘affordability’, in order for the lender to allow me to take it over in my sole name when I got divorced, I had to pretty much double the remaining term, extending the repayment term to September 2032! :eek: )

Being on a low income, my OPs consist of ‘extra’ monies from surveys etc as there is little surplus for OPs if I also want to live a little and not just exist.. Getting that balance is really important to me
But chipping away at the mortgage, however small the amounts, is really valuable to me too, and every little helps!

Thanks hiddenshadow and pawlala for the 2018 challenge, and thank you julicorn for taking the challenge forward in 2019.
This really is going to make a huge difference

Science_mum

Please can I sign up? I am a newbie and we will aim to overpay £8000 in 2019. Happy New Year!
I am happy with any number.

julicorn

jackieblack wrote: »

Been doing some sums this morning... (:o)
[...]

That's great progress jackieblack! Amazing to see how those overpayments reduce the term, isn't it? Sounds like you'll get much closer to your original payoff date than initially thought!

Science_mum wrote: »

Please can I sign up? I am a newbie and we will aim to overpay £8000 in 2019. Happy New Year!
I am happy with any number.

Of course, you've got #124 now Happy New Year!

Rainbowsky

Happy New Year everyone :beer:
No.98 kicking off the the new year with op of £300 for January