We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

1% challenge 2020

Options
13468915

Comments

  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    £103.39 paid off from an energy refund.
  • nat21luv
    nat21luv Posts: 3,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Cashback Cashier
    I paid off another £1220 today! I cashed in an isa, I have an emergency fund and 3 months wages put by so anything else I’ve cashed out and throwing it at debt. 
    £2875 to go, starting balance £14202
    79% paid off!!
    £20k in 2023 = £2718 £2023 in 2023 = £196.41 Grocery challenge £250= £195.80 **MONEY MAKES ME HAPPY**
  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    £24.16 paid off today from refund 
  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    £62.50 paid off from Facebook sales
  • pavlovs_dog
    pavlovs_dog Posts: 10,215 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Taking advantage of the council tax free month to chuck some pennies towards other projects

    paid today: £100 
    paid (cumulative): £361/£642 (56%)

    remaining: £281
    know thyself
    Nid wy'n gofyn bywyd moethus...
  • savingholmes
    savingholmes Posts: 28,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I thought I'd joined the thread already - targeting £1450 this year - £215 OP so far. We have managed to halve our broadband bill so putting that £21 extra towards the mortgage from March onwards.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • £28.25 paid today to round down the mortgage balance. 17.15% of target achieved.
  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    £24.17 paid off from refunds
  • nat21luv
    nat21luv Posts: 3,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Cashback Cashier
    Monthly payment came out today for my loan so that takes me to 81% paid off my total debt.

    £2675 to go until I’m debt free!
    £20k in 2023 = £2718 £2023 in 2023 = £196.41 Grocery challenge £250= £195.80 **MONEY MAKES ME HAPPY**
  • bricoleur
    bricoleur Posts: 19 Forumite
    10 Posts Name Dropper
    Hi, I'm joining the challenge as it looks realistic to me! My mortgage is approx £203K currently. To make it fun and easy to remember, I'll set the target at £2020. Cheers and good luck to us all! 

    Mortgage over-payments 2020 target: £2,020 
    Mortgage over-payments 2020 YTD: £394 (19.5% of target) 
    1% mortgage over-payment challenge 2020: target £2,020 | over-paid YTD: £410.95 (20.3% of target)
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.