2023 Mortgage-Free Wannabes

jackieblack

julicorn said:

Good morning! I hope you're all having a good start to the week. We're just over £500 off our first £100k hurdle, so if anyone felt like making an (even a little) overpayment sometime soon, now is a good time  

I get paid on Friday, so mine (£125) will be transferred automatically (by standing order) then, I don't mind if you want to add it now

Lauraebrad

Hi @julicorn
Think I got in a bit of a muddle and forgot to update from February's initial payment so hopefully this should sort it out.

March update for #30
March OP £890
YTD £1720

Fingers crossed that adds up.  Going to slow down a lot now as tightening the OP purse strings to focus on other things for a while!

julicorn

Thank you both! With those overpayments, we've now hit the £100k mark! Well done everyone  

Qtipps44

#33 sorry I fell behind updating. Here are overpayments for Feb and March.
feb £ 1346.12
march £ 1594.75

aprils should be similar then may will be using savings to pay of part of our mortgage that is coming to the end of its fix on April 30th.

then we’ll hopefully only have 10k to pay off before my 45th next year. That my aim but also start to replenish savings, go on holiday and start to decorate our home.

im then hoping to go part time.

thanks for updating.

GeorgianaCavendish

#75 adding £86.71 OP for Mar 2023 

YTD = £260.13

Smudgeismydog

#70 checking in
My rental house exchanged and completed today, so made a payment of £58,215.67

hoping to make a further payment over the weekend, but struggling now as the app keeps crashing 

BrownEyedLady

Hello

Ive made my first overpayment of £310.44 for March. I’m number 74. Thank you

jackieblack

Smudgeismydog said:

#70 checking in
My rental house exchanged and completed today, so made a payment of £58,215.67

hoping to make a further payment over the weekend, but struggling now as the app keeps crashing 

Well that makes our collective 100k look less impressive! 🤣

Moneyminded

#15 checking in with a March OP of £158.11 
Thanks Julicorn

KajiKita

Hello 😊

Bit late to the party, but may I join? 

I was in debt until this month (the joys of 60% furlough pay, mild depression and then getting made redundant twice in quick succession) so am still building up YNAB pots and savings. This means I am not 100% sure what my OPs will be (there is a payrise coming as well, but the details of that are a bit vague and I’m not sure how much of that I will redirect into my work pension as I haven’t reached maximum contribution on that yet). 

What I do know though, is that I have been OPing a little last year (bits and pieces from TTs, surveys and CoL payment from work) so the mortgage company had adjusted our payment down, like they do. I have put it back to what it was *and* rounded it up so we have a default OP of £7.73pcm, plus I will also have the £50 per month from paying off the credit card debt to put towards it. I think I can round that up to £60pcm 😉 so across the remaining months of the year I will be aiming for an additional £540 as a minimum OP this year. 

I have OPd £637.20 so far this year, so my overall target for 2023 will be (rounded up to) £1,200.
(Just posting here has made me work all this out! 😊 I haven’t set myself a target as such before 😊)

KK