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2025 Mortgage-Free Wannabes

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Comments

  • seventh88
    seventh88 Posts: 168 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Any number is fine with me :) thanks for organising @julicorn
     Debt = £8017/£8017 (100% paid - cleared 26th August 2020) Boiler Fund = £2500/£2500 (100% saved - 26th August 2021)Emergency fund = £5000/£5000 (100% saved - 5th Jan 2025) | MFW Goal 2025: £6429/£3000 | Mortgage  = £88,102/£132,469 (33% paid)

    Goal for 2026:
    1) MFW £3221/£3600





  • AuntieL
    AuntieL Posts: 502 Forumite
    500 Posts Second Anniversary Name Dropper Photogenic
    Many thanks @julicorn

    Debt-free journey started August 2023. DF 02/09/2024 🥳 (except mortgage)
    April 2026 NSD Challenge 0/15

    MFW 2025 #45
    Jan 2016 Mortgage = £150,894 (23years 0months)
    Current outstanding = £90,256.60 (10years 1month)
    2024 Overpayment = £675.66
    2025 Overpayment = £710/£700
    2026 Overpayment = £357.72/£1000
  • DarumaDoll
    DarumaDoll Posts: 6 Forumite
    Name Dropper First Post
    Hi Julicorn. I would love to join this year (first time) with an overpayment/savings target of £15,000. Happy with any number. Thank you!
  • Tiredbutdetermined
    Tiredbutdetermined Posts: 259 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Tiredbutdetermined said:
    Could I join for the first time please?
    Can I go for a target of £15,000 please?
    @julicorn can i be a massive PITA and change my target please?
    I had been thinking that it would be too fiddly to separate out my payment and overpayment as my direct debit is set to overpay. However, I think it is worth me consciously unpicking each month so I feel a bit more accountable.#
    Would it be possible to reduce my target to £3000 so it is overpayments only please?
    I am number 8

    Total Debt May 21 £20,490.44  DEBT FREE DATE 29/7/22 

    Mortgage balance May 21 £177,096.19. Now £143,070.41
    Mortgage free date. At start of sole mortgage = July 2042

    2024 SAVINGS FOCUS - get rid of the car finance. £12,706.25  PAID OFF 
    2025 Savings Focus - 33.3/33.3/33.3 split; savings for house renovations (bathrooms/garden/kitchen; whichever collapses first), save for a family holiday (probably our last one!) and paydown/offset the mortgage. Total pot = £4238.56
  • MFWannabe
    MFWannabe Posts: 2,562 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 1 January 2025 at 1:31AM
    Kicking off the New year with an overpayment 😁
    #50 - Jan - £57 

    MFW 2026 #50

    Mortgage:

    04/04/26: £33,500 

    07/03/26: £34,418.15

    16/01/26: £56,794.25
    02/01/26: £60,223.17

    12/08/25: Mortgage: £62,500.00
    12/06/25: Mortgage: £65,000.00
    07/03/25: Mortgage: £67,000.00
    18/01/25: Mortgage: £68,500.14
    27/12/24: Mortgage: £69,278.38 

    Savings: £20,000




  • ajmoney
    ajmoney Posts: 6,496 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No 7 starting the year off with an OP of £100. Thanks for setting us off julicorn. Happy New Year everyone!
    MFW 2026 No. 7 £2414.62/£5000
    MFiT-T7 No. 6 £9233.77/£30,000
  • seventh88
    seventh88 Posts: 168 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Number 39, £250, Jan 

    here we go :)

    happy new year everyone! 
     Debt = £8017/£8017 (100% paid - cleared 26th August 2020) Boiler Fund = £2500/£2500 (100% saved - 26th August 2021)Emergency fund = £5000/£5000 (100% saved - 5th Jan 2025) | MFW Goal 2025: £6429/£3000 | Mortgage  = £88,102/£132,469 (33% paid)

    Goal for 2026:
    1) MFW £3221/£3600





  • becky170
    becky170 Posts: 886 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Number 66 with an overpayment of £250 for Jan. Happy New Year everyone! 
    Mortgage-free wannabe 2026 £1130/4000
  • ShALLaX
    ShALLaX Posts: 119 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 1 January 2025 at 11:24AM
    #26, overpayment of £894.64 for Jan (oddly precise, but there's method in my madness to avoid early repayment fees until absolutely necessary whilst making total payments fairly round numbers ;))

    Happy new year!
  • RedLipstick
    RedLipstick Posts: 241 Forumite
    100 Posts First Anniversary Name Dropper
    Number #51 with a wee roundup of £21.69. 

    Happy New Year everyone!

    Mortgage: £173,700 Sep 22  £157,700 Feb 26

    MF Date: Sep 52 Mar 52

    CC Debt: £15,250 Nov 25 £9,200 Feb 26

    NSD: Jan: 17/31 | Feb: 12/28

    2026 Challenges:

    MFiT-T7 #5

    DFbyXMAS #7

    Sealed Pot Challenge #022

    2026 Grocery Challenge: 20/01 - 19/02 £132.79/£200

    2026 Grocery Challenge: 20/02 - 19/03 £31.85/£200


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