📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

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

Options
14648505152

Comments

  • stoplurking
    stoplurking Posts: 396 Forumite
    Part of the Furniture 100 Posts Name Dropper Debt-free and Proud!
    Thank you Trix-a-belle for all your work on the charts.  Can’t believe we only have 2 charts to go.  I may be a little bit behind but I have savings to make up the shortfall so I’m sure I’ll reach my target. I wouldn’t have done it without the focus of this challenge. 
    Good luck for the rest of the challenge everyone. 
    SL x
    MFIT -T5 #42
  • Just submitted my October update - only one more update left of this challenge... Time flies! :astonished:

    I had thought of dropping out next time round, but I've recently started thinking about my plans over the next 3 years, and I guess that would fit quite nicely with taking part in MFiT-T6... :blush:

  • Cheery_Daff
    Cheery_Daff Posts: 17,158 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done Bunty and Lumiona! Excellent work to both of you! 

    Crikey, only one more update?? Good heavens. We've ditched our overpayments for now as we're having quite a bit of building work done and it's taking all spare cash (and most of the savings) but I THINK we were so far ahead of ourselves that we'll still be in the green at the end of this challenge. Definitely joining in next time, and I'm going to try to be a little more ambitious I think! 
  • ilselm
    ilselm Posts: 132 Forumite
    Eighth Anniversary 100 Posts Name Dropper
    Congrats @bunty109 and @Lumiona! Just submitted October chart as well in case I forget later on. 
  • twinklie
    twinklie Posts: 5,176 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I fell off the OP wagon because of going on holiday and getting a dog (we've waited 6 years since loosing our last one so it was long overdue). But I'm back again now and looks like I'll still hit my target! YAY
    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 37
  • pavlovs_dog
    pavlovs_dog Posts: 10,215 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    sent my penultimate update through.  Hard to believe where the time has gone
    know thyself
    Nid wy'n gofyn bywyd moethus...
  • Submitted my update and very pleased with myself 😊 I think I might even exceed my target a tiny bit 😂
    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)£
  • I am definitely joining the next challenge on here in January, this is very inspiring especially seeing the long timers on this.
    I will be just in my new flat  so it will be a Mortgage op goal OR  i will still saving  for the deposit whilst looking for my flat so can I change my targets/goals from starting this?
    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.
    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.