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2020 Mortgage-Free Wannabes

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Comments

  • savingholmes
    savingholmes Posts: 28,975 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Can you add me please? My initial target is approx 1% of my mortgage so £1.45K for the year
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • mossypne
    mossypne Posts: 12 Forumite
    #41 reporting in with an early Overpayment of £197.01

    January so far: £197.01
    YTD: £197.01
  • ilselm
    ilselm Posts: 132 Forumite
    Eighth Anniversary 100 Posts Name Dropper
    Here we go again! It’s a New Year, new number of #21 with a new target of £12,000. First payment made this morning and the mortgage has been reduced by a respectable £1,000. Good luck to all and thanks to JC for running this challenge again.
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Hi Julicorn,

    Thrilled to see you running the 2020 challenge.

    Please could we signup? Number 10 again if you can.

    This year, we’ve lots of catching up to do but still a lot of outgoings.
    Can you please set us a £2,000 target. Erring with caution but, hopefully, achievable.

    Thank you
    MIB x
    Hi MIB, I can't give you #10 unfortunately (I re-allocated numbers where I hadn't heard an update in the last 5 or 6 months, super sorry about that!), but I've given you #5 if that's ok?
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Hi Julicorn - new number for my this year I’m now 83. Could I set my target to a very specific £24975 hoping 2020 will the year I clear my mortgage 👏🏻
    Thanks for taking part again! You're now #6 :)
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    bigbeff wrote: »
    Hi,

    Can I join please? I'd like to pay £8000 off my mortgage this year.... possibly more but as this is my first time on challenge, I'll start with that :)

    Is that all you need to know with monthly updates?

    Hi bigbeff, welcome to the challenge! Yep, that's all I need for now - when you start making overpayments, just post about them here :)
    You're #9.
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    cod3 wrote: »
    Hi again! :j

    Could I please keep #53 for 2020? Not sure of my target yet. Thanks Julicorn X

    That's all logged, thanks for taking part again! :)
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Jessy103 wrote: »
    Hi. Can I join again please? I was number 12 but someone else has that now so could I have a new one? My target is £2000. Thanks :)
    Hi Jessy, great to have you back. #12 was still unclaimed, funnily enough - it's all yours now.
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    I would like to join too please with a target of £2760 Having moved to our new home in March and a much bigger mortgage we've only OP around £500 to date so hoping to challenge ourselves a bit more for next year.
    Welcome to the challenge! You've got #20 now :)
  • julicorn
    julicorn Posts: 2,591 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    teameffort wrote: »
    Hi Julicorn

    If possible please can I have a lower number after the deadline (currently #38). I'm struggling to scroll down the S/S.

    Either way, can I please increase my goal from £6,500 to £9,500, we're aiming high for 2020.

    Thanks
    Teameffort

    That's all noted, and I've given you #14 now :)
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