The Mortgage Free in Three - Take 6 challenge (MFiT-T6)

julicorn

AnotherNewDay said:

#52 here I would like to swap from paying down mortgage to building up savings please. Same money goal. £650 saved in January.

The easiest way, given we're already most of the way through the challenge, would be to keep counting it as "paying down". Just subtract your savings total from your mortgage amount each time you submit an update. 

eat_that_frog

Hi @julicorn a bit late to the party but I've updated my numbers for January, thanks.

Tiredbutdetermined

Apologies for the very late update.
Mine is showing up on the spreadsheet but I think it has copied my July 23 has copied to Jan 24.
My mortgage fixed rate ends at the end of the month and I will be moving on to over double
I should hit my target balance midway through this year but my focus is wiggling a little more to savings rather than overpaying whilst savings interest can be higher than mortgage interest.

Sistergold

julicorn said:

Good morning all and thank you all so much for your updates! I've just posted the updated spreadsheet, you can find it here.

I noticed what was causing some 'missing' updates - make sure when you submit your update that you select the sheet for the correct year There were a few October 2023 updates that came through as October 2022, so I've hopefully fixed those up now and the previous sheet should be up to date too. If there's any mistakes just shout and I'll get those fixed, either in the next few weeks or when the next update is due. 

Thanks again @julicorn well-done everyone 

AnotherNewDay

julicorn said:

AnotherNewDay said:

#52 here I would like to swap from paying down mortgage to building up savings please. Same money goal. £650 saved in January.

The easiest way, given we're already most of the way through the challenge, would be to keep counting it as "paying down". Just subtract your savings total from your mortgage amount each time you submit an update. 

Thanks @julicorn - i think for now I will just lurk, there is still a chance I will use the savings to do a bulk overpayment closer to my remortgage date.  I'm on the 2024 mortgage free wannabes any way, and can meanwhile track there 

pavlovs_dog

April update sent through.  Looking forward to seeing how everyone has got on.  Thanks as ever to @julicorn for all your work behind the scenes

Tiredbutdetermined

i have sent my April update as I am having to prioritise savings over overpaying so I won’t be doing a block overpayment this month

Sistergold

Hello all, I have submitted my April 2024 update for savings 

CathT

Just sent in my update after being absent for a while. We've been saving instead of making OP's but are due to go on new rate next week so just made a big overpayment. On the home stretch now!  

smetf

April update submitted. Lots of holiday payments and gone out recently so unlikely to OP more for a little while.