The Mortgage Free in Three - Take 5 challenge (MFiT-T5)

trix-a-belle

Chart 7!!!

not sure where this challenge is going! some great numbers posted!

Cheery_Daff

Thank you trix-a-belle!

Darn it, I'm still yellow!! Only £289 short now though, rather than (I think) almost £700 last time. It should sort itself out - I've upped our DD again this month (but it's only had one month of the big increase) - we're now overpaying £380 a month so that should make a big difference. And in January I'm going to up it again so we're OPing £580 a month so if I'm not green next time I'll be most cross!

Some excellent numbers on that chart! Love having the focus of this challenge xx

trix-a-belle

cheery its a marathon not a sprint and every little bit snowballs together, we're only just over half way!

eta: duh it really helps if I put my own update in doesn't it

twinklie

I'm yellow too, but only £248 of the pace. I have more than that in savings, so can pay it off if everything works itself out job wise. Tbh, I think if everyone manages to just make basic payments the way the world is at the minute they are doing well so I'm not too worried. 
That said I've had this overwhelming sense of I should do more in terms of the finances. I'm not really sure what, but I think I'm just being impatient. 

ajmoney

twinklie said:

That said I've had this overwhelming sense of I should do more in terms of the finances. I'm not really sure what, but I think I'm just being impatient. 

I get this all the time but I can't get my bills much lower so I am trying to be happy with what I am doing!

violetblue

Ooh, I can't believe I'm still green!  I really expected to slip into yellow this time, have been concentrating on adding bits to savings instead.  I technically have enough in savings to pay off the last bit if I wanted to... but right now I'm more comfortable having the savings as a buffer.  I will continue to chuck what I can spare at it, every little really does help!

Thanks trix-a-belle!

fruitloop04

Updated the spreadsheet this morning - I slipped in to red in the last update because I was worried about job security but I am lucky that it has all worked out okay.  I saved what I would have overpayed and then when I felt okay, I then payed this off the mortgage.  Hoping to be in the orange this time!
Thanks for doing this challenge trix!

longway2go

Thanks Trix, glad I had an adjustment of target now and can see what is realistic and finally in green. 

fruitloop04

twinklie said:

That said I've had this overwhelming sense of I should do more in terms of the finances. I'm not really sure what, but I think I'm just being impatient. 

I am the same - I am constantly considering investing but petrified of losing money!

greent

Whoops! Just sent in my late update - I will still just be in yellow, but that's because we're not op-ing the mtge at the mo as a sale has been agreed (btl), so hopefully I should be able to have it fully cleared by the time of the next update - and have the equity in savings instead:)