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

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Comments

  • julicorn
    julicorn Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    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!
    Hey there, I don't seem to have received your registration form - would you mind filling it in one more time? Not quite sure what's going on there!
  • julicorn said:
    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!
    Hey there, I don't seem to have received your registration form - would you mind filling it in one more time? Not quite sure what's going on there!
    HI, I have just resubmitted my form :)
    Debt Remaining: £8,781.53
    3 Month EF: £1,000/£4,494
    2025 MFW Challenge #9: £999.00/£4,000
  • CrazyBee787
    CrazyBee787 Posts: 1,433 Forumite
    1,000 Posts First Anniversary Name Dropper Photogenic
    Hi Julicorn,

    Thank you for running the challenge, I spotted this a few days ago and have been deliberating. I have Submitted a form £3K per year for EF or New Car or Both. I have updated my calendar with the new event to update you 25th Every 3 months, I already know the first month will be zero, owed to the fact that I am not paid until 31st and all that money is going to pay off the credit card. But I will update again on 25th if you like? Thank you. Also I am starting on Zero. Thank you.
  • julicorn
    julicorn Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Hi Julicorn,

    Thank you for running the challenge, I spotted this a few days ago and have been deliberating. I have Submitted a form £3K per year for EF or New Car or Both. I have updated my calendar with the new event to update you 25th Every 3 months, I already know the first month will be zero, owed to the fact that I am not paid until 31st and all that money is going to pay off the credit card. But I will update again on 25th if you like? Thank you. Also I am starting on Zero. Thank you.
    Hi there, it's absolutely fine for some forms to be 0. Also, you only need to update every 3 months anyway, so I would recommend just submitting the correct balance whenever you send through an update :) 
  • julicorn
    julicorn Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    julicorn said:
    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!
    Hey there, I don't seem to have received your registration form - would you mind filling it in one more time? Not quite sure what's going on there!
    HI, I have just resubmitted my form :)
    Thanks so much, safely received this time round! :) 

  • Form submitted, thank you @julicorn for running this thread.  :)
    Current Balance £10,750
    MFW 2026 #31 £12,250 / £17,000 OP
    MFIT - T7  

    Emergency Fund £4,410 / £5,000


    0%CC May 2027-  £5,000

    0% Loan £600.00  - paid ✅️

    Money made £130 / £365

    Declutter 37 /52 

    Grocery Challenge 2025 £4885.78
    Grocery Challenge 2026 Jan £328.20, Feb £297.01 Mar £352.91 April £422.85

    The final countdown to June 2026 - Page 4 — MoneySavingExpert Forum


  • CrazyBee787
    CrazyBee787 Posts: 1,433 Forumite
    1,000 Posts First Anniversary Name Dropper Photogenic
    edited 25 January 2025 at 10:19AM
    Hi @julicorn As I stipulated before I am actually starting at minus, however on payday I will pay off credit card debt fully and next time I should hope to report some figures. I had been out of work for four months. Thanks.
  • smetf
    smetf Posts: 396 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    Morning all, 
    Form submitted as I have moved money around and know there's no more OPs to be made this month.
    Thank you @julicorn for running the challenge.
    S
    Mortgage £35, 147.42
    MFW 2022 #35 10,000
    MFW 2023 #3 10358.97
    MFW 2024 #3 10000
    MFW 2025 #3 10000
    MFW 2026 5384.62/7384.62
    MFiT-T7 #10 aiming for 16k https://forums.moneysavingexpert.com/discussion/6283332/halving-our-income-and-still-aiming-for-mortgage-free#latest
  • twinklie
    twinklie Posts: 5,277 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Sorry am I being daft? I'm in peri so very possible....I can't see what my challenge number is and it's really thrown me. I don't know if it's the same for the new challenge - I can't remember. 
    Reduction in daily mortgage interest since October 23 (new mortgage) - £2.84 December 25
    % of house owned/% of mortgage paid off. December 25 - 40.34%/33.36%
    MFiT-T7 #21
    MFW 2025 #2
    MF Date: Oct 37 Feb 37
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