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MF Wannabe - Sights firmly set on 2030 - Mortgage Free!
MFWannabe
Posts: 2,506 Forumite
Morning everyone
Have been reading everyone’s diaries here and have decided to start my own to live up to my name! 😃
I officially have 11 years left on our mortgage but aiming to have it paid off by 2030
Current mortgage debt is £69,278.38 and our lovely low interest rate ends in Dec 2025 😰
Who knows what it will be then 🙄
We currently overpay by a £100/ month and aiming to save to make an overpayment when the low rate ends
This morning I paid off our other debts from savings to start 2025 afresh and to concentrate on savings and mortgage (While still enjoying life but debt free!)
Have been reading everyone’s diaries here and have decided to start my own to live up to my name! 😃
I officially have 11 years left on our mortgage but aiming to have it paid off by 2030
Current mortgage debt is £69,278.38 and our lovely low interest rate ends in Dec 2025 😰
Who knows what it will be then 🙄
We currently overpay by a £100/ month and aiming to save to make an overpayment when the low rate ends
This morning I paid off our other debts from savings to start 2025 afresh and to concentrate on savings and mortgage (While still enjoying life but debt free!)
MFW 2025 #50: £1989.73/£6000
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
07/03/25: Mortgage: £67,000.0012/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
27/12/24: Debt: £0 🥳😁
27/12/24: Savings: £12,000
12/08/25: Savings: £12,000
4
Comments
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Happy shiny new diary.How much will you have to OP each month to reach your goal?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Approx £400 a month but that will of course be dependent on how much I overpay when the current fix ends in Dec 25 and how much the interest rate will be thenMFW 2025 #50: £1989.73/£600007/03/25: Mortgage: £67,000.00
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
27/12/24: Debt: £0 🥳😁
27/12/24: Savings: £12,000
12/08/25: Savings: £12,0000 -
That’s a really exciting goal @MFWannabe, I look forward to to hearing more about your journey. All the bestDebt = £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 = £111,564/£132,469 (15% paid)Goal for 2026:1) MFW £0/£36001
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Exciting times ahead for you! xDebt Remaining: £8,781.53
3 Month EF: £1,000/£4,494
2025 MFW Challenge #9: £999.00/£4,0000 -
No New Year’s resolutions from me as I gave up making those a long time ago!Some intentions from me going into the New Year:
Make more time for myself
Look after myself better, eating, exercise, overall health wise
Build savings back up so I feel more comfortable with the amount and hopefully to pay a chunk off when we reach end of fix late this yearMFW 2025 #50: £1989.73/£600007/03/25: Mortgage: £67,000.00
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
27/12/24: Debt: £0 🥳😁
27/12/24: Savings: £12,000
12/08/25: Savings: £12,0003 -
They sound like really sensible intentions to aim for. All the best with them
happy new year to you 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 = £111,564/£132,469 (15% paid)Goal for 2026:1) MFW £0/£36002 -
Happy new year to you. Great goals for 2025. xDebt Remaining: £8,781.53
3 Month EF: £1,000/£4,494
2025 MFW Challenge #9: £999.00/£4,0001 -
Good luck MFWannabe...we'll be cheering you on at the sidelines. All the best CrazyBee XXGoal 1: Get a permenant job that sticks.
Goal 2: Aim 15 No spend days in January or above actual so far - 0
Goal 3: Get a lodger
Goal 4: Once goal 1 & 3 complete add 1K to the EF
Goal 5: Once goal 4 complete save for my own car as I do need one.1 -
happy new year from a new mortgage free wannabe.
great 2025 goals!
good luckMFW 2027
£108.81 left to pay from 10%
overpayment allowance, (July26).
End fix on 2.79% July 27 // MFW AIM July 2027
Mortgage free Aim July 2027.
July 25 £57,000, £56950
August 25 £56,400
September £55,850/£55,800
October £55,195
November £54,600, £54,562.
December £54,0001
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