The Mortgage Free in Three - Take 7 challenge (MFiT-T7)

Owen1991

Registration submitted, I'll also be starting a MFW diary, hopefully my good intentioned plans keep me on track: https://forums.moneysavingexpert.com/discussion/6577866/the-long-journey-begins#latest

Sistergold

Registration submitted 

smetf

Registration submitted, we should hit mortgage neutral within the next three years and are on course to pay the mortgage off by mid 2029 but will see what life throws at us in the meantime!

Good luck all, 

S

Bella_Budget

Thank you for running the challenge again @julicorn
I hope to be more present this time. Starting with 24877 with the aim of offsetting to be mortgage neutral.

powerspowers

Registered and bookmarked 😁 

I’ve set the target of £50,000 loosely based on the last 3 years in T6 with a small stretch to get it to a round number. The 50s feel so far away but the last challenge went so quickly. 

In 3 years time oldest boy will be 18 😳 so there’s expensive years ahead. Target is being optimistic that Ts wage will continue to grow to cover said expenses. I’ve recently applied for a PhD, if I’m successful I’ll be very pleased but wages will be static and I’ll still be 18 months from the end in Jan 28! As always, so much can change l, looking forward to the ride with you all. 

twinklie

powerspowers said:

In 3 years time oldest boy will be 18 😳 so there’s expensive years ahead. 

Oh my days, I hadn’t looked at it in terms of how old the kids will be in 3 years! This has depressed me no end! No more babies for me.

powerspowers

twinklie said:

powerspowers said:

In 3 years time oldest boy will be 18 😳 so there’s expensive years ahead. 

Oh my days, I hadn’t looked at it in terms of how old the kids will be in 3 years! This has depressed me no end! No more babies for me.

Sorry Twinklie!! 

Tiredbutdetermined

I have submitted my registration and looking forward to joining again.
I am hoping my target is attainable but so much depends on my interest rates when I renew in 2026

Simobla1

Thanks for running this again @julicorn.  Registration submitted - Am starting with £20k and setting a target of £70k (mortgage neutral) by the end of the challenge.  Saving a total of £50k in three years will be challenging, but achievable (I hope!) with one off increases etc.  

Squirrelz92

Registration submitted

Starting point is £88,219.02 at 31st December 2024.
Goal is to reach £67,515.71 at 31st December 2027.

Movements included 36 regular DD payments of £393.99 per month and the following OP's:
2025: £4,000
2026: £6,000
2027: £6,000

Many thanks for running this 3 year challenge! Excited to be a part of it on-top of the regular yearly MFW challenge!