DFW graduate reporting for next mission!

Dithering_Dad

Congrats BB, isn't it a great feeling to be Debt Free!

Welcome to the MFW board. You'll find it every bit as welcoming in here with all us [STRIKE]misers[/STRIKE] [STRIKE]pennypinchers[/STRIKE] careful mortgage overpayers as it is in the DFW board.

bellsbells

I have now done my first overpayment of £150 a month, plus some savings and some of my £2 coin collection bringing the total to £490:j

I won't be able to manage as much for the next few months as I want to concentrate on getting my rainy day savings sorted. As soon as I hit £1000 saved I will be throwing the rest at more overpayments. Yay! I'm off:beer:

IveSeenTheLight

bellsbells wrote: »

My poor brain cannot cope with trying to work out interest saved so I am going to stick with recording how much I have overpayed in total, and how much the term of the mortgage has reduced by.

If you let me know your outstanding mortgage and interest rate, I will send you an excell spreadsheet for the ease of seeing how much you have saved and how much your overpaymnets make a difference

MissKJ

Well done BellsBells, I am so going to join you all by graduating from DFW to MFW some time in the future! (Rushes off to do new calculations...)

elantan

bells bells there seem to be a few dfw becoming debt free this year july bride is another i myself have just became debt free and am starting on my mfw ben ben has a diary going on the df board as well ...it's so exciting isnt it?


ive seen the light could you please do that for me as well ? the excell spread sheet thing ?

bellsbells

Hope to see you soon MissKJ :T and hi elantan its great being debt free isn't it! :beer: It is a bit wierd at first getting used to seeing numbers going up - I have spent the last 18 months willing my debt to go down quicker and I now have to get turn that on its head - higher numbers on my sig is now good:j

Many thanks for the offer IveSeenTheLight - I will PM you some time tomorrow when my mortgage details have updated for the month online. Your Exell sheet sounds really useful.

Shineyhappy

I am so jealous of you guys! Due to a few unexpected situations (my ex being an awkward "$%%wit, it has taken me longer than I thought to pay off my debts as they were higher than expected. But hopefully within a few months I too will be on my mortgage free journey!

Good luck with your challenge and I am sure that the DFW board has taught you lots of useful tips to help you with this!