1% challenge 2023

AntoMac

Now at 848/4922 repaid I.e. 17.23 pc

NeverendingDMP

Well done everyone. I'm looking like I'll be off the starting blocks. Should be 2 percent paid by end of next week!!

AntoMac

Well done @NeveremdingDMP
Looking forward to your progress updates

craftingmad

AntoMac said:

Now at 848/4922 repaid I.e. 17.23 pc

that's amazing progress - well done 

craftingmad

NeverendingDMP said:

Well done everyone. I'm looking like I'll be off the starting blocks. Should be 2 percent paid by end of next week!!

yay - go you. I cannot wait to see your next post x 

craftingmad

I'm back from holiday and managed to add £880 into the OP savings pot today thanks to a large order from my website.

This brings my total to £15009.87/£47300 = 31.73% 

Moving closer to reaching a third of my balance outstanding  

NeverendingDMP

Well done everyone
I'm at 1.81 paid, some interest will.be added back on but I'm back in the game with the figures going in the right direction!!!

craftingmad

NeverendingDMP said:

Well done everyone
I'm at 1.81 paid, some interest will.be added back on but I'm back in the game with the figures going in the right direction!!!

Yay well done - no matter how small the amount it is still in the right direction
I'm rooting for you x 

craftingmad

I love the last day of the month as it's payday for Hubby
This month's money included lots of OT so I have transferred over £2000 into the OP savings pot ready to earn some lovely interest before being used to pay off the mortgage when the fixed rate ends. 
Talking about interest, the savings accounts have earned £250.50 interest this month so this has been added into the pot too

so my total is now £17262.87 = 36.49%

That means we are over a third of the way to paying off our first BTL mortgage   

NeverendingDMP

craftingmad said:

I love the last day of the month as it's payday for Hubby
This month's money included lots of OT so I have transferred over £2000 into the OP savings pot ready to earn some lovely interest before being used to pay off the mortgage when the fixed rate ends. 
Talking about interest, the savings accounts have earned £250.50 interest this month so this has been added into the pot too

so my total is now £17262.87 = 36.49%

That means we are over a third of the way to paying off our first BTL mortgage   

It's all going really well. Well done you.
My savings are depleted ...whoops but the kids have all earned some over the past year even with their savings accounts not being that big. It's surprising how quickly interest can add up isn't it. I was quite happy when I opened their statements:)
Good idea about having it ready for the mgage too once the fix expires