2021 Mortgage-Free Wannabes

Welcome to the Mortgage Free Wannabe 2021 thread! <3

Over the last few years, this challenge has been providing support for everyone who wants to overpay their mortgage, whether it is by a big or small amount. Every little helps, and together we have been overpaying close a million pounds every year over the last few years (even in the financially challenging 2020 - well done everyone!)
Whether you're a brand new mortgage free wannabe, a veteran on the final stretch of the long slog, or someone who has cleared the mortgage and wants to provide some help and encouragement for others, this is for you. The challenge runs from January 1st-December 31st 2021, and you can join or change your target at any time up until December 31st 2021. And if you're expecting to be mortgage-free before then, you're still very welcome. Likewise if you're saving towards something house-related (extension, new OP allowance, etc.).

SPREADSHEET
See how we are all doing on the big MFW 2021 spreadsheet HERE

Links to previous challenges are here:

TO JOIN

If you've participated in the last few years, please post in this thread by the end of December 2020 saying that you want to take part again and what your goal is for this year. Please also let me know whether you would like to keep your number or whether you don't mind. 

For all the new participants, please post on the thread and I'll allocate you a number - numbers will be first come, first served.

Bear in mind that the challenge runs for the 2021 calendar year when setting your target. You're welcome to track total payments, overpayments, savings, etc. - whatever motivates you!

UPDATES
To provide progress updates and/or change your target, just post on the thread - I'll 'thank' posts when I pick up the update. I do make mistakes from time to time, so if I miss an update or get it wrong then please let me know.

A few requests from me to make keeping track easier:
  • When providing updates, please include your MFW2020 number and the month(s) you are updating
  • Multiple overpayments in a month are fine and most certainly encouraged, but it will really (really, really) help me if you include a monthly total when reporting updates (e.g. ...another OP of £200, which makes £600 in total for April...)
  • It's fine to miss a month or two and then provide updates for several months if you prefer, but please make it clear what you want allocating where.
  • It is helpful for me if you keep a running total for the year in your update post and/or your signature as I can cross-check the spreadsheet against your overall total, but this isn't required at all.

Updates also don't have to be limited to just your stats - a bit of chat and encouragement can be hugely motivating.

Finally: If you spot any mistakes, let me know, and I'll try and fix them ASAP. Similarly, if you have any requests for additional stats/features for the spreadsheet, let me know, and I'll see what can be done.
Original mortgage: December 2017, £203,495
MFW start: April 2018, £201,800
Mortgage neutral: September 2022, mortgage redeemed: December 2022
New house, new mortgage: December 2022, £276,007
Current balance: £217,800 minus £8,300 overpayment savings pot
«134567145

Comments

  • Hello 👋 
    I’d love to join for 2021 please! I’m single and rubbish at holding myself to account so hoping this will help.

    I’d like to set myself an ambitious (but still achievable) target of £14,000 please.

    Thank you! ☺️
    MFW
    1 Nov 2020 @ 
    £42,204 to go in 34 months! (£1,241 a month)
    1 September 2021 £17,500 to go in 24 months (£729 a month)
    MFW 2021 #3 - £24,148/ £17,500 🙌


  • bit_by_bit
    bit_by_bit Posts: 1,155 Forumite
    First Anniversary First Post Name Dropper
    Please can I rejoin for 2021. I have realkly enjoyed doing this challenge as it is the reason I have been motivated to be so MSE.
    This will be my last year I hope as i intend to clear the lot. Projected total £17500 for 2021.  o:)

    Wife, mother, gardener, nurse, Big C survivor. Officially retired at 55 2021 [/b][/b].Mortgage free April 2021Challenges 2024: Decluttering Campaign 32/100 bags plus 0 large items. Make £2024 in 2024#8 £0/£2024 Using my craft stash 0/52 Reading books 0/52 Donations for the CS/washing done from others (in and outs) in 2024 x 10 bags and 0 large items.
  • Ellie78
    Ellie78 Posts: 195 Forumite
    First Anniversary Photogenic First Post Name Dropper
    Hi Julicorn.    Definitely want to take part again next year.  Happy to be bumped up to a lower number to fill a gap.
    Target £3,000
    Thanks!
    Mortgage - £23,500 remaining
    MFW2021 #8 - £2,519.77/£3,000
    Overpayments: 2020 - £4,722.83 / 2019 - £16,042.00
  • Chili81
    Chili81 Posts: 28 Forumite
    Name Dropper First Anniversary First Post
    Hi Julicorn
    #76 here. If love to rejoin with a slightly lower target of £7500 for 2021. Also happy to have a lower number to fill gaps. 
    Thanks
    Chilli
  • Hi @julicorn, thanks for running the challenge again.  I am currently #129 but happy to take any number available for 2021.  I'd like to set a target of £16500 for the year.  Thank you, Indi
  • Hi Julicorn,
    Count me in for 2021, with a target of £8,500 again. I was #110 in 2020 but happy to change numbers. Thanks
    • Original mortgage end date: March 2041
    • Current mortgage end date: Dec 2032 (aiming for October 2025)
    • MFW 2024 #15 £446.24/ £2500 /// MFW 2023 #15 £8,617.84/ £10,000 /// 2022 #15 £7,315.24/ £7250 /// MFW 2021 #15 £8,530.07/ £8500
    • Daily interest is currently £4.44
  • Hi julicorn.

    I'd love to join please.  A small target of £3000, (£250 per month)... every bit will help.

    Many thanks.  
    MFW -  01 10 21. £63761 01.10.22 £50962 01.10.23 £39979

  • Hi there!
    I would like to join with a targe of £2,000 please.
    Number 30 currently. Also happy to have a lower number to fill gaps. 
    Thanks!
  • julicorn
    julicorn Posts: 2,281 Forumite
    First Anniversary Name Dropper Photogenic First Post
    MFdreamer said:
    Hello 👋 
    I’d love to join for 2021 please! I’m single and rubbish at holding myself to account so hoping this will help.

    I’d like to set myself an ambitious (but still achievable) target of £14,000 please.

    Thank you! ☺️
    Welcome to the challenge, and congratulations on being the first to sign up :D You've got #3.
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • julicorn
    julicorn Posts: 2,281 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Please can I rejoin for 2021. I have realkly enjoyed doing this challenge as it is the reason I have been motivated to be so MSE.
    This will be my last year I hope as i intend to clear the lot. Projected total £17500 for 2021.  o:)

    Absolutely - welcome back, sounds like an exciting year ahead! You've got the same number as this year (87), unless you'd prefer a lower one :) 
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
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