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The Mortgage Free in Three - Take 6 challenge (MFiT-T6)
Comments
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Updated form sent 💪 still going strong with regular OPs although we are funnelling more towards savings at this stage. Slow and steady. Well done wannabes and thanks Julicorn for the updates xMFW 2021 #76 £5,145
MFW 2022 #27 £5,300
MFW 2023 #27 £2,000
MFW 2024 #27 £6,055
MFW 2025 #27 £2,350 /£5,0003 -
Hi all, apologies that I'm posting the update a couple of days late. I've caught some sort of bug and have been pretty out of it this week, but getting better slowly
Anyway, here is the updated spreadsheet. Some really great progress there!
Side note: I also noticed that the colour coding on the last couple of sheets wasn't quite correct, I've fixed that now.
And last but not least, a warm welcome to @MaidenDevon and @Oldwoman_3 who have recently joined the challenge! Your numbers are 48 and 49 respectively.5 -
Thank you for the welcome and adding me, now to start saving 😊
Can’t add a signature at the moment, it says I don’t have permission ☹️
MFiT-T6 #49 £0/£5000 £2 savers club 2023 #23 £116 so far (June 4)0 -
Number #42 submitted update. Now I need to update my signature! I can't believe that at Christmas 2025 we should be mortgage free!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 works2
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Like Oldwoman_3 I can't add a signature either - is there a minimum number of posts you have to submit or something before we can do this?
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Hi julicorn!
Neither of my updates, January or April, are showing in the spreadsheet. I've just resubmitted them in case they'd gone missing somewhere. Fingers crossed they arrive this time!
Otherwise, my updates are:
25th January 2023 = £419201.41
25th April 2023 = £415976.53
Thanks as ever for running these challenges!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 -
Hello all, number 27 just filled the update form with a new balance of £274548.93. Just needed to bring my mortgage balance as low as I could to slow down the increases in interest rates old mortgage product was coming to an end. I am on a new product as from the 1st of July and the rate is just ridiculous but hey ho.Good luck everyone and thanks again @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. 🤓2 -
Good morning everyone. @julicorn, I just wanted to ask, is it possible to have two different targets/challenge on here? I know I am on paying off my mortgage but I wanted to also have a saving challenge? I think you mentioned that you could give two different numbers for one person? I want to save a lump sum to replace the money I used to pay down my mortgage last month.Thanks again for all you do for us @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. 🤓0 -
Morning
Update no 6 we are down to £44,368.73.
Could be better but in the current climate, could be so much worse!
Good luck everyone and @Sistergold I don't know but I'm sure someone else who does will be along soon.
Weight loss goal 6/7lbs for first quarter
Overall 2025 weight loss goal for the year 6/21lbs
Holiday savings target 3400/£48000
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