We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 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!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Keep calm and carry on....
Comments
-
Thanks all, it's actually starting to feel like it might really happen! I had more than that in a credit card in the early part of last year 🤣!
And DFOD, I'm only on £2.40 at the moment, so it's not looking promising!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!8 -
Down to 4 figures, excellent!!! And great work on the free money!Current mortgage (1 Jun 2022): £289,501 - originally £351,999 got to love London sized mortgages!
OP Goal 2022 = 3.75% in OPs: £6,975 / £13,200
Emergency Fund Target: 3 months saved ✅
6 -
Thank you 😀Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!4 -
Wow well done on getting it down to 4 figures 🥳 Think I have 25 years till I get to that point based on current estimates 🤣Emergency Fund - £8572.39 / £10,000 :: Mortgage OP 2025 - £LISA 24/25 - £3200 / £4000 :: NSD 2025 - 2 / 150 :: Books Read: 1 / 52 :: Decluttering - 4 / 1000Engaged 9th December 2010 :: Married 29th October 2015 :: Bought a House 13th January 20175
-
well done on the 4 figures! i must admit personally i wouldnt be able to resist clearing it using your savings at this point, im so impatient..
current official end date of mortgage= 2037-aiming for 1st March 2029. mortgage balance start of challenge- 25/11/2016 £245,695 mortgage balance 17/12/25 - £93,000
2026 challenge- get mortgage balance to £65,000 by new years eve 2026.
Save £20,000 in ISA for pension pot4 -
I have been tempted, Sammy! Trying to be sensible though, after being out of work for 3 months last year showed me the importance of an EF. I definitely would be leaning that way if it wasn't for the need for the refurb though. At the moment, once the mortgage is done I'll be straight on to saving up for that - if I had to postpone that for while until I'd built my EF back up I would be extremely frustrated!
Having said that, the ERC drops from 3% to 2% in April, which takes it lower than my interest rate of 2.58%, so I may then decide to throw caution to the wind!
Main MF excitement at the moment is waiting for my car insurance renewal to arrive so I can see the maximum amount it's going to cost and work out how much will be spare so I can pinch it out of the pot....😀😀😀Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!5 -
yay to four figures!DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)4 -
Free money going terribly so far this month - only £7.73 😮! I've been Nectar Canvassing like my life depended on it, but they're being very slow with adding the points - only £2.50 available for this evening's shopping, rather than the hoped-for £5.00. They'd better credit some more by Sunday, as staying at home means that's my last shopping opportunity again until next Friday!Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!2 -
Why isn't the free money working out this month?
Well done on getting your mortgage so low! Really proud!2 -
Thanks KP 😀
No idea on the money, just not very much about - and what little there is around I'm being screened out of! Plenty of time to recover though, and if One Poll pay up my £25 that will go a long way towards the target....Mortgage start: £65,495 (March 2016)
Cleared 🧚♀️🧚♀️🧚♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed
Finally earning interest instead of paying it!!!2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards