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The Mortgage Free in Three - Take 5 challenge (MFiT-T5)
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#59, my update has been sent in. I was made redundant, and prior to that i had been saving anyway, so im not sure where i will be, but cash reserves are up so hoping I can make up ant shortfall once I am back working. Fingers crossed!
MMxMortgage 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!!!6 -
We might have paid ours off but waiting on written confirmation... so no update from me yet. We have today and tomorrow's post and hoping for that letter!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 here10 -
Ooh, exciting Suffolk Lass!
Submitted my form - we're at £192,011 now. We've done quite a bit of overpaying lately, so I'm hoping we will have moved from yellow status to green on the chart!3 -
Updates day for this thread so I have put ours in with a balance of £0.00 - just waiting on the paperwork but I have cancelled the direct debitSave £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 here13 -
How amazing is that, congratulationsMortgage 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 swimming2
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Fantastic news Suffolklass. 🎉🎉2
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Wow Suffolklass, well done. What an inspiration to the rest of us! 🎉“Just keep swimming, swimming, swimming” 🐠https://forums.moneysavingexpert.com/discussion/6098084/discount-duck-s-quest-for-mortgage-freedom#latest1
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Oops - I think I might have been too late for the update but I've also hit my original target - to have more in our savings and investments than our mortgage. Managing to keep our jobs (currently - who knows these days?) and not having so much to spend our money on has certainly helped our financial situation. Is it possible at this late stage to increase my goal as I'd love to continue to take part?Predicted Net Worth 31/12/2018: -£38,898.03/-£34,616.86Target 31/12/2019: -£25,000Extra Income 2019: £1,500/£732.38Target Weight Loss 2019: -14 LBs/-2.5 LBsAs at 3/4/2019 MFiT-T5 No 491
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I changed my goal recently, u just need to submit a form 😊Thriftyknickers said:Oops - I think I might have been too late for the update but I've also hit my original target - to have more in our savings and investments than our mortgage. Managing to keep our jobs (currently - who knows these days?) and not having so much to spend our money on has certainly helped our financial situation. Is it possible at this late stage to increase my goal as I'd love to continue to take part?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 swimming2 -
as LW2G says just chuck a new form through with your new challenge aim for the rest of the time left & as you are an existing challenger let me know if you; want a new number for your new target, to be challenger number 49a for your new target, or overwrite your previous target.Thriftyknickers said:Oops - I think I might have been too late for the update but I've also hit my original target - to have more in our savings and investments than our mortgage. Managing to keep our jobs (currently - who knows these days?) and not having so much to spend our money on has certainly helped our financial situation. Is it possible at this late stage to increase my goal as I'd love to continue to take part?
anyone who wants to update targets etc you're welcome to, just drop a form through with the revised details so I have the info all in the relevant place & don't go wondering why i've done it later- Mortgage: 1st one down, 2nd also busted
- Student Loan gone
Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps1
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