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1% challenge 2023

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Comments

  • craftingmad
    craftingmad Posts: 3,417 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Morning everyone :)

    Great news. I have finally been paid from the cafe and it was slightly more than I was expecting - £261.58 as I was owed a bit more holiday.

    So my total now currently stands at £7586.55/£7500 = 101.15%  <3<3<3<3

    It's taken us just under three years but we can finally say we have all the money saved to pay off £212,000 of mortgages. Just writing that down makes me so happy  :)  

    My next challenge is get some money saved ready for our early retirement plans :) 
    I'll sit down and work out actually figures after work today but have to say I'm really excited to see our hard work paying off and actually now daring to dream about our retirement happening sooner rather than later :)
    Mortgage - £2338.07 paid off Feb 2023 BTL 1 £51,089.10 £35789.36 paid off July 2025 BTL 2 £81,504.52 BTL 3 £77,497.02
  • in_need_of_direction
    in_need_of_direction Posts: 8,037 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Well done. You’ve worked so hard for this. Enjoy the achievement 
    Mortgage at 01.01.14 £119,481.83:eek: today £0 Emergency fund £5.5/5.5k & £200/200 cash.:jWeight 24/02/19 14st 7lb now 11st 12lb determined to stop defining myself by my mistakes. Progress not perfection.:T100%through my 1% mortgage challenge. 100% through my pb challenge. I’m not perfect but I’m good enough for now.
  • NeverendingDMP
    NeverendingDMP Posts: 2,434 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    craftingmad said:
    Morning everyone :)

    Great news. I have finally been paid from the cafe and it was slightly more than I was expecting - £261.58 as I was owed a bit more holiday.

    So my total now currently stands at £7586.55/£7500 = 101.15%  <3<3<3<3

    It's taken us just under three years but we can finally say we have all the money saved to pay off £212,000 of mortgages. Just writing that down makes me so happy  :)  

    My next challenge is get some money saved ready for our early retirement plans :) 
    I'll sit down and work out actually figures after work today but have to say I'm really excited to see our hard work paying off and actually now daring to dream about our retirement happening sooner rather than later :)
    Fantastic news and what an achievement. Well done!
    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 Jan 26- just under 64k

    June 25 Debts in my name were £5170. Now 5178 (Jan 26)
    DH debts ?? at a guess £15k
  • Highlanddream
    Highlanddream Posts: 312 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    Oh wow Crafting, that's fantastic news. I lost my bet - I said November! Congratulations. woo hoo.  Well done on the retirement next - do you have much in a retirement pot already or starting fresh? 
    Sept 24 : £32000                  Sep 25 - £10356         Feb 26 - £7545                
    May 25 :  £14000                  Oct 25 -  £9569           
    June 25 : £13000                   Nov 25 - £9275                                  
    July 25 :  £12000                   Dec 25 - £8975
    Aug 25 :  £11436                   Jan 26 -  £8065
  • Highlanddream
    Highlanddream Posts: 312 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    67.31% for me today :)
    Sept 24 : £32000                  Sep 25 - £10356         Feb 26 - £7545                
    May 25 :  £14000                  Oct 25 -  £9569           
    June 25 : £13000                   Nov 25 - £9275                                  
    July 25 :  £12000                   Dec 25 - £8975
    Aug 25 :  £11436                   Jan 26 -  £8065
  • NeverendingDMP
    NeverendingDMP Posts: 2,434 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Highlanddream said:
    67.31% for me today :)
    Well done. I'm at 15% now. Helped by my 37 pence of interest from my chase account! 
    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 Jan 26- just under 64k

    June 25 Debts in my name were £5170. Now 5178 (Jan 26)
    DH debts ?? at a guess £15k
  • Highlanddream
    Highlanddream Posts: 312 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    NeverendingDMP said:
    Highlanddream said:
    67.31% for me today :)
    Well done. I'm at 15% now. Helped by my 37 pence of interest from my chase account! 
    Nice one Neverending  :p It is always a result when  you reach a 'round' figure. 
    Sept 24 : £32000                  Sep 25 - £10356         Feb 26 - £7545                
    May 25 :  £14000                  Oct 25 -  £9569           
    June 25 : £13000                   Nov 25 - £9275                                  
    July 25 :  £12000                   Dec 25 - £8975
    Aug 25 :  £11436                   Jan 26 -  £8065
  • Highlanddream
    Highlanddream Posts: 312 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
     67.45%, only 0.1 difference lol. This month I hope to finish paying a credit card off, I have been paying it off for months so am really looking forward to that, I will be down to one card and one loan to go. 
    Sept 24 : £32000                  Sep 25 - £10356         Feb 26 - £7545                
    May 25 :  £14000                  Oct 25 -  £9569           
    June 25 : £13000                   Nov 25 - £9275                                  
    July 25 :  £12000                   Dec 25 - £8975
    Aug 25 :  £11436                   Jan 26 -  £8065
  • NeverendingDMP
    NeverendingDMP Posts: 2,434 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Highlanddream said:
     67.45%, only 0.1 difference lol. This month I hope to finish paying a credit card off, I have been paying it off for months so am really looking forward to that, I will be down to one card and one loan to go. 
    Still a difference so well done
    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 Jan 26- just under 64k

    June 25 Debts in my name were £5170. Now 5178 (Jan 26)
    DH debts ?? at a guess £15k
  • NeverendingDMP
    NeverendingDMP Posts: 2,434 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Epic fail from me. I have to have paid 1500 a month in my chase account to qualify for the cash back. It can be in the account for literally five minutes.but I forgot so there will be no cashback this month. Ah well silly me. It's normally only about a tenner but it's still a shame I've missed it. 
    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 Jan 26- just under 64k

    June 25 Debts in my name were £5170. Now 5178 (Jan 26)
    DH debts ?? at a guess £15k
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