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1% challenge 2020
Comments
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£5 paid off from a Facebook sale2
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Jan £32.65
Feb £30.53
Mar £50.00
Now into the 37k range.
£56/2792 -
chipping away!
paid today: £30
paid (cumulative): £391/£642 (61%)
remaining: £251
know thyselfNid wy'n gofyn bywyd moethus...1 -
Great news Nat!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
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 29/7/251 -
Mortgage over payment so far 2020: £532.70
1% Mortgage target for 2020: £690 77% achievedDebt busting 2022 Total £15842.68 £0 (100% paid since 1/1/22)- DFD: September 1st 2023[/b]
Savings diary: https://forums.moneysavingexpert.com/discussion/6472040/time-to-build-my-future#latest
3 - DFD: September 1st 2023[/b]
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£75 paid off today3
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My holiday to Venice and Rome next week has been cancelled so when I receive the refund I’ve decided I’ll pay it off my loan. It’s only £200 but it’s also a month overpayment, so a month closer to being debt free!2025 Mortgage start £378K 2025 Overpayment £103 Savings Challenge 2025 **MONEY MAKES ME HAPPY**2
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Mortgage over-payment day for me, so just paid £16.95 to the mortgage, 20.3% of the 2020 target.
Happy Friday everyone!1% mortgage over-payment challenge 2020: target £2,020 | over-paid YTD: £410.95 (20.3% of target)2
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