The 'Mortgage Free in 2030' Club

_Dolly_Rocker_

Welcome to the thread for all those MFW's aiming to get MF in 2030.

This is a place for us to chat to people working to be MF around the same time. 

We can help each other to celebrate each OP no matter how big or small and applaud each other as we become MF. 

If you want to be added to the members list just post your details and I'll add you.

If I don't remind me and I'll get you added.

MF in 2030 Club Members

• _Dolly_Rocker_ || original MF date 2036 || target 2030 || Goal: Pay the debt and mortgage. Save an emergency fund. Save for retirement. Have fun!
• Mortgage_Minimiser || original MF date TBC || target 2030 || Goal: Pay off the mortgage and increase personal pension by £20,000
  

_Dolly_Rocker_

So my aim is to be mortgage free 6 years before I'm due to be paid up. 

Between now and September 2024 I have a plan in place to pay off all my unsecured debt. It's all on 0% interest deals at the moment and I didn't know about the majority of it until I ended a very toxic relationship. 

When he left I started receiving bills from 3 different credit cards which were mostly maxed out but spoke to them and they've confirmed they cannot prove who used it so the plan is in place to get it paid off and be done with it. 

I'll probably not be able to make any OP's until 2026. 

I really need a new bathroom and a new boiler so that will be next on the list after the debt. 

My little flat is my home for life so it's time for me to make it my own and get it perfect for me. 

beanielou

Happy new thread Dolly 

_Dolly_Rocker_

Thank you beanielou!

LeighofMar

Making your forever home yours is half the fun. Happy planning!

_Dolly_Rocker_

I know! Getting there slowly but surely. 

stuartp2000

Hi Dolly

Good luck with the thread and the clearing of the debt and keeping to the plan to be MF by 2030.

I certainly put myself in that bracket as well, I have spent this year clearing debt and now building 3 month emergency fund, increased Pension Contribution and made first small test overpayment on the mortgage.
My mortgage has 17 years to run but is due for renewal Jan 2025 so will at that stage look to reduce term, that though does depend on increase in rates between what I am on and then.

Life is never straightforward and planning 6 years ahead is hard but as I sit here today I know I can do it.

Mortgage_Minimiser

Hi @_Dolly_Rocker_

I would love to join. My mortgage is huge and currently by Dec 30 I'm still forecasting a balance of £66,991 - and that's before my increase in November adds £300 to my minimum payment

This will keep me focused, so i want to aim to pay the mortgage AND increase by personal pension by £20,000

Let's do this!

MM
x

Springfield1970

Happy New thread.  Good luck!

I'm going to pay off my 'deadlock' 7 years and 5 months early. I've got 81 payments left (plus the overpayments) instead of a whopping 201 payments.  I'm also going to use 25% of my pension. Hopefully it'll have moved upwards a bit faster than it is currently!

I live in London and my mortgage, overpayments and work studio rent cost me about £40k a year.   Yuck.  That's 500 hours of work for me.  Some of that is a tax write off though.  Can't wait to be free of it, and by 2030 it'll be my 60th year on the planet. Im actually looking forward to being 60 (I never thought id say that!).  Enjoy the journey!

_Dolly_Rocker_

Mortgage_Minimiser said:

Hi @_Dolly_Rocker_

I would love to join. My mortgage is huge and currently by Dec 30 I'm still forecasting a balance of £66,991 - and that's before my increase in November adds £300 to my minimum payment

This will keep me focused, so i want to aim to pay the mortgage AND increase by personal pension by £20,000

Let's do this!

MM
x

You're added to the member list!

So excited to be MF.

_Dolly_Rocker_

Springfield1970 said:

Happy New thread.  Good luck!

I'm going to pay off my 'deadlock' 7 years and 5 months early. I've got 81 payments left (plus the overpayments) instead of a whopping 201 payments.  I'm also going to use 25% of my pension. Hopefully it'll have moved upwards a bit faster than it is currently!

I live in London and my mortgage, overpayments and work studio rent cost me about £40k a year.   Yuck.  That's 500 hours of work for me.  Some of that is a tax write off though.  Can't wait to be free of it, and by 2030 it'll be my 60th year on the planet. Im actually looking forward to being 60 (I never thought id say that!).  Enjoy the journey!

Wow MF and time to celebrate the 60!! 

81 payments and counting!