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The Mortgage Free in Three - Take 5 challenge (MFiT-T5)
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Thanks trix-a-belle!
Well done everyone, especially Radish72 - so close to being MF! :jMortgage free as of 12/08/20!
MFiT-5 no 45You can't fly with one foot on the ground!0 -
With thanks to trix-a-belle and this challenge (and the last one) I have managed to save $78,000 :eek:
I have now used that money as a deposit on a house :j and now have a mortgage for $425,157 which I will be aiming to reduce to $350,000 over the course of this challenge :rotfl:
trix-a-belle if it's ok I will put in a updated form
MFiT-T7 #17 (Jan 2025) £193k (Apr) £177k (July) £
SPC 18 #6 £315.70(04/08/25)
SPC’s (1)£27.19 (2)£728 (3)£1471 (4)£357 (5)£435.18 (6)£1114.92 (7)£1492 (8)£392 (9)£1952 (10)£1866.65 (11)£1177.74 (12)£1445.39 (13)£1608 (14)£603.30 (15)£672 (16)£2563 (17)£1300 (18)£0 -
Well done MT thats amazing news!
yes pop a form through & let me know if you want a new number, same or a 'part a' like I did for someone last time so you still have a record of what you have done in the first part of this challenge xx- Mortgage: 1st one down, 2nd also busted
- Student Loan gone
Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps0 -
So I've managed to pay off £7,272 since the start of the mortgage (Oct 2018). I'm still a bit behind target - but I knew that would be the case initially. Still not a bad amount for us though.Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
% of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
MFiT-T7 #21
MFW 2025 #2
MF Date: Oct 37 Feb 370 -
pinknsparkly wrote: »Thanks so much for running this challenge Trix.
I've just updated via the form and managed to completely bodge my first submission by reporting £7k-ish, which is my total overpayments for the year, rather than my current balance of just under £210k. I made a comment on my second submission to say my first one was garbage, but thought I'd reiterate it on here in the hope that you'd see it!
Wow, I'm bodging this so bad. I'm so sorry Trix, but I managed to mess up my correction too by not taking into account interest charged on my mortgage (I reported starting balance - repayments). I've updated via the form AGAIN, and this time it should be correct as that's the balance stated by my mortgage provider on the date in question (£213kish)!!!MFW2023 challenge #99: £1090.11 / £1,000 MFiT-T6 (Jan 2022 - Jan 2025) challenge #99: Reduce mortgage to £400,000. Current balance = £413,551.19 Initial MF date (23rd Aug 2022): Sep 2051 Current MF date: Jul 2051 Last updated: 15/06/20230 -
Bit late to the party but would love to join please and have sent my form. Number 109 would be nice or 108 which is the same as my other challenge.
I am going to read through the whole thread but would love to reduce from 165k to 115k. Hopefully I will hit it and if not will have made really good progress.
Thanks for running it xMortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming0 -
Wow, very inspirational. I meant no 100 would be nice.
Well done everyone. I think this medium term goal is really going to help me. Fingers crossed I haven't aimed 2 high with trying for 50k in this period as I have only just started making ops. I know I will need to submit a form fir the next chart but for now. Mortgage at the start of this challenge was apx 165k and looking to reduce to 115k. My current balance is 158,514.Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming0 -
pinknsparkly - done no worries, all I want is the balance figure on the statement/online banking
longway2go - thanks for the form, you're now added- Mortgage: 1st one down, 2nd also busted
- Student Loan gone
Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps0 -
Thank you Trix-a-belleMortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming0
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20 days until the next update is due and I have started peering at my spreadsheets. I love a nice round number but should it be the mortgage or the current accounts? :cool:;)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 here0
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