2024 Mortgage-Free Wannabes

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  • julicorn
    julicorn Posts: 2,283 Forumite
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    AnotherNewDay said:
    Hi @julicorn - could I join please? Target of £10,000. Thanks :)
    A warm welcome to the challenge :) You've got #34. 
    Original mortgage: December 2017, £203,495
    MFW start: April 2018, £201,800
    Mortgage neutral: September 2022, mortgage redeemed: December 2022
    New house, new mortgage: December 2022, £276,007
    Current balance: £217,800 minus £8,300 overpayment savings pot
  • NotWhereIWantToBe
    NotWhereIWantToBe Posts: 84 Forumite
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    Thanks @julicorn can I keep #83 please and have a target of £2400. Hoping to smash this but need to be realistic !
    User name should now read NowWhereIWantToBe  

    Amount overpaid so far £8298 (2022)

    Overpayment ready to add to funds when fixed deal runs out July 2027 £18831

    Mortgage end date when taken out : July 2050
    Mortgage current end date : January 2047

    MFW #83 Overpayments for 2024
    Jan £409 Feb £286 March £244 April £296

    Daily interest £3.54
    Percentage owned 45.8%
  • anna42hmr
    anna42hmr Posts: 2,845 Forumite
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    edited 12 December 2023 at 12:27PM
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    hello please can i join again for next year and keep my existing number please (105) target for this year will be £1800 please as not sure i will be able to pay as much as have been for next year.   

    thanks again for running this challenge, it is much appreciated
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Target: £1800, £750.09 overpaid as at April so YTD = £750.09 Total OP since mortgage started in 2015 = £34,142.27
  • try_harder
    try_harder Posts: 1,527 Forumite
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    Could i join in again please with a target of £26000..Thank you very much
  • Sistergold
    Sistergold Posts: 2,034 Forumite
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    julicorn said:
    Sistergold said:
    Thank you again @julicorn for organising this for us. I will be very happy to be moved to a smaller number if possible but if not then my current number is gone. 
    My target for this challenge is £600 which I will review upwards in the year. 
    You just went straight in there and bagged yourself #10 :) Thanks so much for joining again. 
    Wonderful, #10 sounds just right! 🥰
    Initial mortgage bal £487.5k, current £266.8k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • x_raphael_xx
    x_raphael_xx Posts: 4,321 Forumite
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    I'm in again please!
    I had a lofty goal of £10,000 last year, but was short of the mark with just £3150. £3150 is better than £0 I guess!
    Going to aim for £10,000 again & see how I go.
    Happy to stick with #100 please!

    Debt Free as of 17/01/2009 Turtle Power!!

    EF Challenger #3 £138.36 / £5000
    MFW 2024 #100 £00.00 / £10,000

    MFiT #40 Jan 2025 Target - £99,999.00
    Mortgage at 30/09/22 £113,694.11 | Mortgage at 24/01/23 £110,707.87
    Mortgage at 21/04/23 £107,701.01 | Mortgage at 20/07/23 £106,979.65
    Mortgage at 04/10/23 £106,253.77 | Mortgage at 10/01/24 £105,324.57
  • jackieblack
    jackieblack Posts: 10,318 Forumite
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    Hi julicorn
    I’m in for 2024 and would love to keep #4 please 
    I’ll go with a target of £1200 for now, but may update this in the new year when a few things are more certain.

    Many thanks for running this again 👏🏻👏🏻
    2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter, south facing (-5 deg), 30 degree pitch, no shading
    Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
    MFW #4 OPs (offset): 2018 £866.89, 2019 £1322.33, 2020 £1337.07,
    2021 £1250.00, 2022 £1500.00, 2023 £1500
    Target for 2024 (offset) = £1200, YTD £460
    Quidquid Latine dictum sit altum videtur
  • t4mof
    t4mof Posts: 246 Forumite
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    edited 29 December 2023 at 6:22PM
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    I'm a newbie to this challenge and would like to join in please.

    £50,000 please (not a typo!) We have an endowment for our first house maturing on 01/01/24 which is on track to pay out £32k - £33k with my husband's wage paying the rest. By the 1st Jan we should be down to 5 figures so halving it in 2024 will be amazing.

    Thank you for doing this.
    CC Debt at LBM Nov 08 - £25000+ DFD Dec 2012
    Second DFD May 2021
    Starting my MFW journey: Opening Balance: £138,000; July 2019: £135107.33; July 2023 £119450.87
    2024 MFW #45
  • SuperSavingD
    SuperSavingD Posts: 531 Forumite
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    Hi Julicorn can I please join the challenge?  My aim is £1200.
     
    Thank you



    Savings for Xmas 2024 = £100/£2000
    #76 3-6 month EF £818.48/£1000
  • ajmoney
    ajmoney Posts: 6,244 Forumite
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    Hi, thanks for running this again julicorn. If possible could I keep number 7, it took me long enough to remember the change this year!!! I am going for £1200 as I may have some large house repair costs next year :'(
    MFW 2024 No. 7 £500/£1200 MFiT-T6 No. 70 £15420.41/£22787.04
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