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The Mortgage Free in Three - Take 6 challenge (MFiT-T6)
Comments
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Honestly no worries at all, it's an easy fix. Thanks again for bringing it to my attentiontwinklie said:
Ahhh sorry. It’s half term, kids…that’s my excuse and I’m sticking to it.julicorn said:
I've just checked, looks like you accidentally selected update 7 rather than update 3 (so 2023 rather than 2022), that's why it didn't post. I've fixed it manually now, no need to re-submit but thank you for flagging it uptwinklie said:@julicorn did my update not come through? No 5 - I’ve just checked on my phone and the form is saying I owe the same as I did on chart two.
I will resend it if you haven’t got it.
Thank you, sorry again for generating you additional work. I will attempt to update when I’m by myself next time. 1 -
Hi Julicorn #28 Sorry I've added my update late. Hopefully it won't mess things up.MortgageStart Nov 2012 £310,000
Oct 2022 £143,277.74
Reduction £166,722.26
OriginalEnd Sept 2034 / Current official end Apr 2032 (but I have a cunning plan...)
2022 MFW #78 £10200/£12000
MFiT-6 #28 £21,772 /£750000 -
Hello @julicon, I have just checked the chart, I might have made a mistake when I updated? The balance on the chart does not match with my actual September mortgage balance which wasjulicorn said:Hi all! I've just updated the sheet, here is a link to the October update: https://docs.google.com/spreadsheets/d/1LIUI7OAAgxaaCtGMbNnKtXMnhs6Q2DXnWSoTuR4k9hY/edit#gid=346096989&range=A1
@pinkandsparkly, your percentage looks a little wild due to the change in target, but that'll all balance itself out when you submit any future updates.
Here are the numbers for our new joiners as well, welcome on board!
@x_raphael_xx 40
@gillynomad 41
@Martas 42
@BammBamm 43
@Nut97 45
That is £393845-
thanks again for keeping us updated.Initial 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. 🤓0 -
Hi @Sistergold, that's exactly the figure listed in the update sheet. Are you looking at the correct tab? 1
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Ooopsie was looking at chart 1! 🫣julicorn said:Hi @Sistergold, that's exactly the figure listed in the update sheet. Are you looking at the correct tab? Initial 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 -
Many thanks, I have just sent my update. Slow progress as the companies I work for are all behind on paying me but edging forward.
Hope everyone is managing OKDON'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#latest1 -
Thank you for adding me onto this challenge @julicorn. Just to add to my info, my mortgage balance in January 2022 was £70915 so whenever you have a chance can you add it for number 42 please? Thanks!
It's amazing to think that by January 2025 if we continue our overpayments we would be down to £17k 👏 This challenge gives me another layer of motivation!We took £83795 mortgage in June 2018Left to pay on mortgage: £51821.20Original end date: June 2037Now: September 2033Target: pay off by December 2025Mortgage Free Wannabe 2022 #90 £13000/£11000Mortgage Free Wannabe 2023 #42 £999/£13000 no overpayments until 20.06.2023 when my overpayment allowance renewsMFi3-T6 #42 January 2022 £70915, to reduce mortgage to £17000 by January 2025Love people and use things because the opposite never works1 -
Hi Julicorn,
Sorry to be a pain, but I don't think you've updated my third chart correctly. You've amended my starting and target as a result of moving house and taking on a much larger mortgage, but have copied the current balance from Chart 2. On 25th October, the balance was £422,151.67. I'm number 99. As it currently stands, I look like I'm doing stonkingly well
Thank you so much!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: 15/06/20230 -
What months are the updates due?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
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