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1% challenge 2020
Comments
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£103.39 paid off from an energy refund.2
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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!!2025 Mortgage start £378K 2025 Overpayment £103 Savings Challenge 2025 **MONEY MAKES ME HAPPY**2 -
£24.16 paid off today from refund1
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£62.50 paid off from Facebook sales1
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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 thyselfNid wy'n gofyn bywyd moethus...1 -
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 £172.5K Equity 36.11%
2) £1.8K Net savings after CCs 13/9/25
3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
(If took bigger lump sum = 54.5K or 42.7%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
(If bigger lump sum £15.8/30K 52.67%)
5) SIPP £4.8K updated 13/9/252 -
£28.25 paid today to round down the mortgage balance. 17.15% of target achieved.2
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£24.17 paid off from refunds3
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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!2025 Mortgage start £378K 2025 Overpayment £103 Savings Challenge 2025 **MONEY MAKES ME HAPPY**3 -
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)2
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