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2020 Mortgage-Free Wannabes
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benmclaughlan said:#6 finishing off my challenge with an OP total of £2169.56 and very pleased to say that I have also paid off the mortgage this week so this will be my last MFW challenge.
Thanks so much for arranging the Mortgage-Free Challenge it has been such a help on focusing on our goal over the last 5 yearsSave £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 here3 -
#50I know I said it was the last payment of the year but we have just had some unexpected inheritance. My new total for December is £3333.62.Thank you julicorn, that really is the last one now.MFW - OP 10% each year to clear mortgage in 10 years!
2019: £16,125/£16,125
2020: £14,172.64/£14,172.64
2021: £12,333.62/£12,333.62
2022: £10,626.55/£10,626.55
2023: switched tactics to saving in a higher interest rate account than mortgage interest rate
2024: mortgage neutral!3 -
benmclaughlan said:#6 finishing off my challenge with an OP total of £2169.56 and very pleased to say that I have also paid off the mortgage this week so this will be my last MFW challenge.
Thanks so much for arranging the Mortgage-Free Challenge it has been such a help on focusing on our goal over the last 5 years2 -
#150 paid another £94 (so total for 2020 so far is £329.26)
Decided to make a lump sum final payment for 2020, so this is my final payment for 2020. It means I can start 2021 with a mortgage total of £304k, but I will need to find a bit more for January 2021 now. Thanks Julicorn."Think of many things, do one"
Mortgage 30 Jul'25 est. £209,749 £309,749 (aiming for sub-£200k next)
Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga3 -
#53
My December OP is £415.96 bringing my year's total to £3,025.42.
Missed my target because I lost confidence in overpaying when the lockdowns started. Put more into an emergency fund instead so not all bad. Will be starting the new year with a mortgage balance of £10.5k exactly. See you on the other thread
Thank you Julicorn for keeping me in line and helping me focus x3 -
#117 managed a £350 top up to sign off 2020. Didn't get to the targets as desired, but extremely grateful to get to this point given how the year went. Hope it's a much better 2021 to one and all.
Happy New Year all!
And thanks Julicorn & others for pulling us all through!3 -
#152 reporting for the last time (again!). My final overpayment amount for 2020 is £1.55 short from £700 so I HAD TO overpay this last tiny amount to get my round number for the year. Total amount for December is £101.55Debt Remaining: £8,781.53
3 Month EF: £1,000/£4,494
2025 MFW Challenge #9: £999.00/£4,0004 -
After a lot of discussion we decided, for the first time, to OP the max 10%. As a result we have OP £12,750 today. This will be my last update for 2020 and blasts my target out of the water. Does put us in a good place for kicking off 2021 though
Small OPs are better than no OPs
Start date - Feb 2018 £231,000 / Apr 2042
July 2025 £116,950 / Dec 2025
MFW #60…. Back in for 2025!4 -
#69 here reporting for my last OP of the year DEcember OP of £825.70 made taking my year total to £10000. I can't believe I made this target - having it really helped this year so thanks for letting me join the thread. EDITED: have just realised my original target was £10800 not £10000! oh well, it's near enough for me to still be excited with what I have saved! next year I am going to add my target to my signature so I don't forget it!MFW #69 Mortgage remaining Jan 2021 £221,644; Jan OP £1000;2
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Just done a final payment of £33.49... meaning Decembers payment was total £614.91. I have hit my total for the year
Thank you - looking forward to overpaying more next year!
Debt busting 2022 Total £15842.68 £0 (100% paid since 1/1/22)- DFD: September 1st 2023[/b]
Savings diary: https://forums.moneysavingexpert.com/discussion/6472040/time-to-build-my-future#latest
3 - DFD: September 1st 2023[/b]
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