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2020 Mortgage-Free Wannabes

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  • julicorn
    julicorn Posts: 2,585 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Ellie78 wrote: »
    Can I sign up please?

    Mortgage OPs have taken a back seat now I've got retirement savings up and running but I'd still like to aim for £2,000 OP in 2020.

    Thanks!
    Welcome to the 2020 challenge, Ellie! I've given you #31 :)
  • Sandyra
    Sandyra Posts: 291 Forumite
    Tenth Anniversary 100 Posts Name Dropper Cashback Cashier
    Hi, can I join please, I do overpay but hopefully this will get me to push a little more. Can I set my target of £6,000. Thank you

    MFW 2025 #32 £4,006.43/£3,000; MFW 2024 #32 £4,217.84/£3,000; MFW 2023 #32 £5,238.84/£4,000; MFW 2022 #32 £8,246.43/£8,000; MFW 2021 #32 £8,982.73/£8,000; MFW 2020 #32 £12,000/£6,000

    Save £12k in 2025 #48 £9,600/£14,000; Save £12k in 2024 #26 £13,055.37/£6,000; Save £12k in 2023 #31 £11,500/£6,000; Save £12k in 2022 #32 £7,180.24/£7,000; Save £12k in 2021 #32 £9,500/£8,000; Save £12k in 2020 #147 £9,370/£8,000

  • julicorn
    julicorn Posts: 2,585 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Sandyra wrote: »
    Hi, can I join please, I do overpay but hopefully this will get me to push a little more. Can I set my target of £6,000. Thank you

    Welcome to the challenge Sandyra, you're #32 :)
  • BVic28
    BVic28 Posts: 97 Forumite
    Fourth Anniversary 10 Posts
    Hi Julicorn, would I be ok to join please? I’d like to set an OP target of £750 for the year. Thanks
    Mortgage balance as of end of Dec 19 - £120,675
    MFW 2020 challenge #35 £94.62/£750; Jan running total - £94.62
    Save 12k in 2020 challenge #34 £560.20/£6000; Jan running total - £560.20
  • Mortgage_Minimiser
    Mortgage_Minimiser Posts: 337 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Hi Julicorn

    #13 back with a target for next year of £13,000 OPs next year - so both numbers match. Thats a stretch on this years £8,000,, but whats a target for???

    Thanks Julicorn
    MM
    X
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • Roxie
    Roxie Posts: 635 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Hi julicorn, thanks for running this again :)

    Count me in for 2020 please, I'll stick with number 33 and my target will be £5000.

    Roxie
    MFW 2021 No: 33 £45000/£45000 Mortgage free @ 11/6/21 🥳
  • Tartan_Mum
    Tartan_Mum Posts: 227 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Hi Julicorn

    Thanks for running this challenge again. I’m in again for next year. Was #68 in 2019 which I’m happy to keep or change to a lower number. Whatever works.

    I managed to get to £5k this year so I’d like to stretch goal next year to £6.000 and hopefully the accountability here will get me there. Feeling really positive about it.

    TM x
    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!
  • teameffort
    teameffort Posts: 134 Forumite
    Ninth Anniversary 100 Posts
    Hi Julicorn

    Thank you for running the tread again, it's very much appreciated :)

    Currently #49 but would happily move up the S/S.

    I'd like to put in a provisional target in 2020 of £6,500.00 and will let you know the final figure once the new annual overpaying allowance has been finalised April 2020.

    Really hoping to see the interest start coming down in the new year _party__party__party_

    Onwards and downwards all

    Teameffort
    Emergency fund saved, we did it!!

    2020 #140 MFW £10,250.25/£9,500.00
    2019 #490 MFW £ 9,964.78/£9,600.00
    2018 #143 MFW £ 6,903.63/£6,500.00
    MFW balance as at 31 Dec 19 77,875.00. Original end date 2043 :eek: goal 2023
  • julicorn
    julicorn Posts: 2,585 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    BVic28 wrote: »
    Hi Julicorn, would I be ok to join please? I’d like to set an OP target of £750 for the year. Thanks
    Of course, welcome to the challenge! You're our #35 now :)
  • julicorn
    julicorn Posts: 2,585 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Mortgage_Minimiser wrote: »
    Hi Julicorn

    #13 back with a target for next year of £13,000 OPs next year - so both numbers match. Thats a stretch on this years £8,000,, but whats a target for???

    Thanks Julicorn
    MM
    X
    Roxie wrote: »
    Hi julicorn, thanks for running this again :)

    Count me in for 2020 please, I'll stick with number 33 and my target will be £5000.

    Roxie
    That's all noted, thank you both :)
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