We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

1% MF challenge

Options
1141517192028

Comments

  • pavlovs_dog
    pavlovs_dog Posts: 10,215 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    congrats @rara32!!!  That's a huge amount you've cleared this year
    know thyself
    Nid wy'n gofyn bywyd moethus...
  • I am going to try and have a go at this. Can probably only manage very small overpayments at the moment, but aiming for 1% seems achievable.

    1% for me is £1250


  • pavlovs_dog
    pavlovs_dog Posts: 10,215 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    welcome aboard Anagran and good luck!

    paid today: £20
    paid (cumulative): £115/380 (30%)
    remaining: £265
    know thyself
    Nid wy'n gofyn bywyd moethus...
  • pavlovs_dog
    pavlovs_dog Posts: 10,215 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    paid today: £100
    paid (cumulative): £215/380 (56.5%)
    remaining: £165
    know thyself
    Nid wy'n gofyn bywyd moethus...
  • @KajiKita this the lovely 1% thread which inspired me to really focus on OPs
  • KajiKita
    KajiKita Posts: 7,548 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    @KajiKita this the lovely 1% thread which inspired me to really focus on OPs
    Thanks Redo 😊

    KK
    As at 15.07.25:
    - When bought house £315,995 mortgage debt and end date at start = October 2039 - now £233,521
    - OPs to mortgage = £11,338 Interest saved £5225 to date
    Fixed rate 3.85% ends January 2030

    Read 37 books of target 52 in 2025, as @ 23rd July
    Produce tracker: £223 of £300 in 2025

    Watch your thoughts, they become your words.
    Watch your words, they become your actions. 
    Watch your actions, they become your reality. 
  • rara32
    rara32 Posts: 101 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Welcome to the board Kajikita  :)

    Thanks for the support Pavlovs - you're going great guns against your round 2 target.

    Found another £13.27 from monthly travel budget to send to the mortgage to reduce it to 188400 to feed my need for neatness. Will keep making tidy up payments until we start 2023 1% target.

    Happy Sunday everyone.

    Mortgage @ 2018 £225000
    Mortgage @ 1 Jan 24 £142600
    Current Mortgage £114520
    1% challenge 2025: 8779/2300 (completed)
    1% challenge 2024: 3158.76/1426 (completed)
    1% challenge 2023: 1914.96/1866 (completed)
    1% challenge 2022: 1962.27/1949 (completed)
    1% challenge 2021: 2377.36/2033 (completed)

  • rara32
    rara32 Posts: 101 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Payday today and sent over an OP to tidy up the mortgage figure to end in 00. Off for a hopefully low-spend half-term break with DS and DH  :)  

    Paid today:              84.64
    Paid (Cumulative):  2209.45
    Target:                     2033 (+176.45)

    Mortgage @ 2018 £225000
    Mortgage @ 1 Jan 24 £142600
    Current Mortgage £114520
    1% challenge 2025: 8779/2300 (completed)
    1% challenge 2024: 3158.76/1426 (completed)
    1% challenge 2023: 1914.96/1866 (completed)
    1% challenge 2022: 1962.27/1949 (completed)
    1% challenge 2021: 2377.36/2033 (completed)

  • pavlovs_dog
    pavlovs_dog Posts: 10,215 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    paid today: £46
    paid (cumulative): £261/380 (68.6%)
    remaining: £119


    know thyself
    Nid wy'n gofyn bywyd moethus...
  • rara32
    rara32 Posts: 101 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Pay day today so tidy up payment sent to mortgage which is currently ay £187200. Hoping I will have enough to sneak in another op before 1st Jan and before my new 1% target for 2023 :smile:

    Paid today:              84.02
    Paid (Cumulative):  2293.47
    Target:                     2033 (+260.47)
    Mortgage @ 2018 £225000
    Mortgage @ 1 Jan 24 £142600
    Current Mortgage £114520
    1% challenge 2025: 8779/2300 (completed)
    1% challenge 2024: 3158.76/1426 (completed)
    1% challenge 2023: 1914.96/1866 (completed)
    1% challenge 2022: 1962.27/1949 (completed)
    1% challenge 2021: 2377.36/2033 (completed)

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.