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1% MF challenge

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  • rara32
    rara32 Posts: 101 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Made my first op of 2021 this morning so that's 91.58/2033 😊
    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)

  • No council tax going out for February so that’s £321 going to the mortgage :)
    mortgage balance 1/1/2021 £334000 end date June 2036
    2021 MFW 0.5% £408.31/£1670
  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    £1.17 received from Quidco paid off, £12.42 in total for 2021
  • shangaijimmy
    shangaijimmy Posts: 3,803 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    £41.65 made for January in my challenge to find 1% from tilly tidies, payment round ups and any other good fortune!
    MFW: Was: £136,000.......Now: £47,736.58......
  • twinklie
    twinklie Posts: 5,172 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I've managed £89.45/£1,0.67.50 for January. Which is 8% of my target achieved. Fingers crossed it's a good start. If I can hit that every month I wouldn't be far short of my 0.5% target, less than £50. I'm sure I could find that somewhere. :smile:
    Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
    % of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
    MFiT-T7 #21
    MFW 2025 #2
    MF Date: Oct 37 Feb 37
  • SpendingPennies
    SpendingPennies Posts: 111 Forumite
    100 Posts Name Dropper
    edited 5 February 2021 at 8:44PM
    Hi I’ve  paid £1050 today  so I’ve passed my 1% challenge. Will keep going and see what % I manage for the end of the year.
    current total is £ 2105 which is about 1.1% 😂
    New to all this!
    Mortgage balance 01/01/21 £181,400. Scheduled repayment date Aug 2036. 
    Target savings to overpay in 2021 £12,000
    Progress to date  £7105/£12,000 
  • pavlovs_dog
    pavlovs_dog Posts: 10,215 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    finally getting out of the starting blocks here with Amex cashback and some survey money

    paid today: £55
    paid (cumulative): £55/530(10%)
    remaining: £475

    know thyself
    Nid wy'n gofyn bywyd moethus...
  • £209 off my £879.62 target courtesy of the Council Tax free months.
    May 2020
    Mortgage £89,557.40
    Loan £3,203.51
    Car £6,340.54

    May 2021
    Mortgage £86,568.76
    Loan £2,133.87
    Car £4,970

    2021 Mortgage 1% Challenge: £85/£879.62, 9.66% as of 15th May.


  • 5erge
    5erge Posts: 108 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    Only paid £20 off of my £348 so far but I just renewed my mortgage for another five year term at almost 1% less,  I also reduced my overall term.  So will be paying approx £22 less a month overall but will ramp up overpayments.
    £56/279
  • turtlemoose
    turtlemoose Posts: 1,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    £316/£1070 here  - nicely bumped up this month by £125 cashback for switching a bank account, plus little bits of surplus added up from various monthly budgets and siphoned off when there's anything left at the end of the month. I was going to put my £co cashback in but at the last minute my resolve failed and I swapped it for ub3r eats credit instead  :D 
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