1% challenge 2020

flipper_72

Big finance discussion with my husband this morning, the first one since I told him he had to stop spending money as he was doing a good job of making us bankrupt! Well he listened and we have gradually improved our financial situation over the years so we have savings. We decided to pay £5,000 off the mortgage as interest rates are awful so today the overpayment stands at £5333.30 from an initial goal of £630.70. Thanks to this thread and reading another one about discussing finances with your partner we have paid off over 4% of the mortgage. We are now discussing our pension provision so again a massive thank you. I will continue to overpay what we can.
5333.30/630.70
4.23% off initial outstanding balance.

SpoonKat

1% would be £961.17 

June £10 paid - £951.17

July £25- £926.17
August £100 , £826.17

Barny1979

£5.12 from Quidco, so off it goes from the mortgage.

Barny1979

£3.28 received from Quidco and paid off mortgage, £21.39 for September and £1799.49 for 2020

pavlovs_dog

superb effort one and all    Can't believe how long it's been since my last update.  Just done a big money shuffle to make up for being slack.

paid today: £140
paid (cumulative): £305/£605 (50%)
remaining: £300

Barny1979

£11.96 overpaid from shrapnel, so £1811.45 for 2020.

flipper_72

Another fairy sizeable overpayment for us, £676.24, we have decided to stop saving so absolutely every penny left in the current account at month end being thrown at the mortgage, was a quiet month money wise so I don’t expect this amount very often.
£6009.54 paid /4.76%. 

Barny1979

£2.14 overpaid from Quidco, total of £1813.58 in 2020.

5erge

Aug £14.82
Sept £21.37
Oct £17.71
Smaller over payments for my second 1% of the year but I do have another £420 banked.  Initially ear marked for a new mobile but I simply cannot justify the spend, so will keep the old phone going for a while longer yet.   

Barny1979

£1.00 overpaid from Quidco, £1814.58 in total for 2020.