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The Mortgage Free in Three - Take 6 challenge (MFiT-T6)
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Thank you for the update spreadsheet julicorn. Happy to see I'm still green especially as I only realised today I hadn't sent and updated my regular OP's which would have taken my balance down an extra £500. It will give me a head start on the next update though!June 2025 - part 1 - £19,145 part 2 - £21,973 Total - £41,118 29 months to go!1
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Sorry for the delay in updating Juliacorn. I've just sent in my July update. Hopefully that will put me back into the green! We're moving house in a few weeks, so my mortgage will massively increase and I'll need to revise my target quite dramatically
MFW2023 challenge #99: £1090.11 / £1,000 MFiT-T6 (Jan 2022 - Jan 2025) challenge #99: Reduce mortgage to £400,000. Current balance = £413,551.19 Initial MF date (23rd Aug 2022): Sep 2051 Current MF date: Jul 2051 Last updated: 15/06/20231 -
No worries at all! A couple more updates come through, so I've just updated the spreadsheet
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Thanks Julicorn!Mortgage free as of March '25!
£240,000 paid off in 4 years, 8 months and 18 days (July '20-Mar '25)
Mortgage paid off 19 years early.
2025 MFW #40
2025 Goals
Pay off mortgage of £55k for good! - £55k/£55k paid - mortgage free!!!
Keep emergency fund at £10k - £30k/£10k - goal met!
Lose 12 kgs - 3/12 kgs lost so far
Try 1 new activity/experience as a family each month - 0/12 new activities/experiences tried
Decluttering - declutter 500 items from house and outbuildings - 162/500 items so far1 -
Just filled in the form, sorry it's late we were on holiday.
- Mortgage over-payments to date: = £16,746
- Original redemption date: August 2043
- Current redemption date: July 2041
- Debt: £15,930
- Savings: £12,430
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Hello! I would love to join please! I had a discussion with my partner last night about overpaying our mortgage, and he's completely on board!
I have a small cc debt I'm paying off right now, so won't be able to properly start OPs until the New Year, but we want to tackle it hard when we do. (I hope that's okay)
I'm expecting my yearly statement at the end of the month, so I'll have a better idea of where we are. And I will work out an achievable target for the end of T6.Debt Free as of 17/01/2009 Turtle Power!!
EF Challenger #3 £1543.72 / £5000
MFW 2024 #100 £1300.00 / £10,000
MFiT #40 Jan 2025 Target - £99,999.00
Mortgage at 30/09/22 £113,694.11 | Mortgage at 24/01/23 £110,707.87
Mortgage at 21/04/23 £107,701.01 | Mortgage at 20/07/23 £106,979.65
Mortgage at 04/10/23 £106,253.77 | Mortgage at 10/01/24 £105,324.57
Mortgage at 01/04/24 £104,424.73 | Mortgage at 01/10/24 £103,594.980 -
Hi, that's great to hear! Just fill in the form when you are ready to joinx_raphael_xx said:Hello! I would love to join please! I had a discussion with my partner last night about overpaying our mortgage, and he's completely on board!
I have a small cc debt I'm paying off right now, so won't be able to properly start OPs until the New Year, but we want to tackle it hard when we do. (I hope that's okay)
I'm expecting my yearly statement at the end of the month, so I'll have a better idea of where we are. And I will work out an achievable target for the end of T6. 1 -
Number 20
i have updated both an April and July value on this now - hope it does not cause too much trouble - had a few months out due to lots of unpaid invoices ..but now back on the focus
Tx @julicornDON'T BUY STUFF (from Frugalwoods)
No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff. Money doesn’t walk out of your wallet on its own accord.
https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest0 -
Just sent the update form for October as have made the maximum OP for the year and it resets next month.
It was realising I was behind schedule with this challenge, and wanting to reduce the mortgage as much as possible before remortgaging next year that motivated a small reduction in savings to make the max OP.
Next milestone will be the mortgage starting with a 7
Thanks for your hard work with this @julicorn
S
Emergency fund 14k Home/ holiday fund 7k Mortgage £44,592- MFW 2022 #35 10,000
- MFW 2023 #3 10358.97
- MFW 2024 #3 10000
- MFW 2025 #3 7682.31/10000
- MFW 2024 #3 10000
- MFW 2023 #3 10358.97
2 - MFW 2022 #35 10,000
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Hello all, I have updated for last quarter, hope everyone is okay?Thanks @julicornInitial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓1
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