We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
2020 Mortgage-Free Wannabes
Comments
-
Can you add me please? My initial target is approx 1% of my mortgage so £1.45K for the yearAchieve 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 29/7/250 -
#41 reporting in with an early Overpayment of £197.01
January so far: £197.01
YTD: £197.010 -
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.0
-
Maybe_its_because wrote: »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 x0 -
benmclaughlan wrote: »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 👏🏻0
-
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 #9.0 -
scottishlass wrote: »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.0
-
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 now0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards