2008 MFW newbies

torbrex

llydaw wrote: »

sorry, forgot to ask do I need to pm this to anyone so that I can be added to the list? tx

If you pm Bellsbells details of your intended target of overpayment for the year and current months figures she will do the business as soon as.

bellsbells

Snazzy wrote: »

You should never leave yourself without enough cash for an emergency especially if work only pays SSP. Could you compromise and pay off half the remaining mortgage?

that is the sort of thing I would go for - best of both worlds! However I have just seen your other post about the penalty for leaving things in the account, so like the 0% cc in case of emergencies...

bellsbells

Welcome to all our new joiners - you are now added to the list!

Newbird

I just got all excited last nite reading here, and playing with the calculators, til like 2.45am!!! *yawns*

OK, I've got the bug and wannabe MF. Have already been overpaying and offsetting for a few years now.

Don't have any targets as yet, requires more calculations and a makeover of the household budget. - but I'm getting a Mortg Pig ASAP, got first dosh scrambled together for it now!

Gosh this is weirdly exciting! :j

Will set targets etc, when I can...may be some time tho...as I'm a bit pedantic, and will have to consider lots before till I can set proper goals. :rolleyes:

Really looking forward to the challenge now and to supporting everyone here as well and swapping ideas to find spare funds etc. :T

hummingbird

Just overpaid by £50.00 again for June - I'll pm you bellsbells. What I'm finding amazing is, I get the Halifax to print me out a mortgage statement on a regular basis, so I can see how I'm doing, and although I've only overpaid £500 in total so far, the actual balance has gone down by quite a bit more - obviously due to the fact that more of the regular monthly payment is reducing the balance month by month. :money:

If any of you haven't had a statement for a while ask for one & you may be pleasantly surprised!!:j

tro127

Sorted out OH car insurance and breakdown cover last week so should have £65 cashback through Quidco to go straight at the mortgage! I am in the habit of wasting Quidco money but must be more focused and see it as a mortgage OP.

ShreksBodyDouble

My OP for June is a measly £10

Never mind. well done to the rest of you, another month down!

torbrex

hummingbird wrote: »

If any of you haven't had a statement for a while ask for one & you may be pleasantly surprised!!:j

I generate my own statements using Microsoft Money
It was when I started using the mortgage feature of the programme that I became determined (obsessed really) with reducing my mortgage and giving myself a target date of more than 8 years early.
Joining in with the gang on this thread has pushed me even further to try and bring my date even closer, I am looking to finish this year instead of early next year (still working on the details).

As hummingbird has said it is well worth getting a statement if you can as it lets you see the impact even the smallest overpayment now can make in the long term.

fluffysox

Hello and well done to everyone :T :T :T
There are six months of this 2008 challenge left and everyone is doing really well :beer:

Bellsbells I've just updated sig, we've overpaid £496 in June putting us ahead of target, trying extra hard as OH is being made redundant in September and existing tracker ends November:eek: :eek: :eek: . So overpayment amounts will probably fall then.

bellsbells

bellsbells wrote: »

Welcome to the thread for everyone starting their MFW journey in 2008. Please feel free to join at any time and your name will be added to the list along with any specific overpayment goals you have for the year. I will do an update each month on our progress so we can see how we are all doing and offer each other support, ideas and encouragement!

There is no cut off point for joining the thread and the challenge (except the 31st December:rotfl: ) so if at any point this year you are ready to start working on becoming mortgage free please join us! Your target can be as specific or general as you like.

Good luck to all!

Goal for 2008/general aims Total so far June Total for the Year
1. Martinslovechild - MFW Graduate
2. Poppyosaur - £2000 overpayment £1285 £115
3. SPL - £5000 overpayment £4888.07 £1233.12
4. Elantan - £2000 overpayment £1146 £125
5. Newmoneysaver - £1500 overpayment £1300 £
6. Lumpy Custard - Reduce mortgage to £20K £600 £
7. Wheelies - £343.20 overpayment £117.20 £30
8. Daft Pegasus - Reduce mortgage by £12000 £6654.06 £
9. Ms Cat - £2000 overpayment by end Nov £700 £
10 MF2015 - £8900 overpayment £3750 £
11. Hummingbird - £4685 overpayment £500 £50
12. TEENY -
13. Bellsbells - £2500 overpayment £1240 £150
14. Atypicalblonde - £2500 overpayment £0 £
15. Frugalfreda - Overpay as much as possible £3000 £
16. Di-Dough - £3000 overpayment £1003.52 £164.23
17. Torbrex - £2000 overpayment £1093.14 £191.41
18. Violet Blue - Reduce mortgage to £23000 £1715 £
19. Belfastgirl23 - £2500 overpayment £1500 £250
20. LouiseJ - £3720 overpayment £2088 £377
21. Thriftyget - Sub 30K by end of year
22. Jay1 - Overpay as much as possible
23. Squiggly Diddly - Overpay something each month £500 £
24. Kazzieg - Clear £35k mortgage
25. Zavarony - £3000 overpayment £1100 £200
26. Stripey Cheese Skirt - £3000 overpayment
27. SALTY69 - £3600 overpayment £700 £
28. Emma_Nottingham - £1600 overpayment by 2/11 £361.35 £
29. Macka0 - Pay off £5000 by October £1500 £
30. Kezza12 - £3000 overpayment £1570 £300
31. Lifebegins - £6000 overpayment
32. George_jetson - MF in 2008
33. Chrisbee - £600 overpayment £50 £
34. Sheslookinhot - Reduce mortgage to £13000 £2028 £337
35. Intheblackfinally -
36. DrGUID -
37. Lauren565 - £5000 overpayment £1,132 £
38. Cazzdevil -
39. Twinklie - £
40. Alion - £3000 overpayment £1500 £500
41. Aliportico - £2000 overpayment £800 £
42. Steveswift - £4000 overpayment £1680 £
43. Tootallulah - £4500 overpayment £2200 £
44. Angel81uk -
45. Howskint? - £3500 £ £
46. Freaky-di - £1500 overpayment
47. Broomstick27 - £500 £
48. Gazella77 - £2000 overpayment £490 £
49. Alli_baba2 - £4500 overpayment £1798.68 £
50. Loomacdon - overpay as much as possible £4427.48 £
51. Bargainhunter - £2400 overpayment£400 £
52. I,m Sad - £ £ £
53. Clockwatcher - £500 overpayment £600 £
54. Maximumtime - £4000 overpayment £ £
55. Hawksmuir - £1000 overpayment £400 £100
56. Courgette - £2000 overpayment £245.75 £
57. Sofasurfer - £5000 overpayment £50 £
58. Teasel26 - £1000 overpayment £ £
59. 49clare - £ £800.44 £
60. ShakyStoozer - £ £ £
61. ShreksBodyDouble - £1000 overpayment £690 £10
62. IDN101 - £ £ £
63. Sosh - £4000 overpayment £2349.44 £316.01
64. Oggieinglos -
65. Steve-o - £7200 0verpayment
66. Daisydog - £
67. Skint2008 - £
68. Mischiefmaker - £1000 overpayment £40 £
69. Courgette - £1355.81 overpayment £310.06 £310.06
70. Gillybean - £2000 overpayment £100 £
71. Birdstill - Reduce mortgage by 20k £15K £
72. Bigadd - Overpay by £3564 £ £
73. Bubblette - Offset as much as possible
74. Gustavlebon -
75. Pollys - £2400 overpayment £2080 £300
76. Savvymummy - £1000 overpayment £197 £
77. Overthetop - £5130 overpayment £1710 £570
78. Snaggles - Get mortgage to below 32k
79. Oompahloompah - £ £ £
80. Dingling68 - £1500 overpayment
81. Abouttimetoo - £2700 overpayment £950 £300
82. Sreppaw -
83. Aliwal - £1000 overpayment
84. Zebedy - £5000 overpayment £2000 £300
85. Mustafa Say Ving - £5000 overpayment £585 £
86. Mrs Binsky - £6000 overpayment £3000 £500
87. Mitchg - Mortgage free this summer
88. Shawtj2 - £600 overpayment by March '09
89. Bedhair - £1500 overpayment £300 £
90. Redmadcurls -
91. Moneysavingwannabe - £2250 overpayment £595 £
92. Ilovecookies - Overpay as much as possible
93. Warrior Princess -
94. Fuzzipeg - Reduce mortgage by 9K
95. Shirlgirl -
96. SuiDreams - £500 overpayment £108 £108
97. Welshlassie - £240 overpayment £132.03 £109.88
98. Jobags - Overpay 40K £30286 £23001
99. Laurar3 - £1500 0verpayment £490 £240
100. Cookie334 - Overpay £600 £334 £
101. Petscomer176 - Overpay £500 £152 £152
102. Hels50 - Reduce mortgage to sub 60K
103. Vespa Rider - £3000 overpayment
104. Fluffysox - £2000 overpayment £1631 £496
105. AJ1982 - £5000 overpayment
106. Noodles42 - £2000 overpayment £470 £470
107. Gifford - £10000 overpayment £5000 £
108. Sportyjd - £1250 overpayment
109. Tro127 - £2008 overpayment £308 £308
110. TurnaroundSue - £2049 overpayment £23.06 £23.06
111. LindsayO -
112. Floxxie - Mortgage down to 90K
113. Lilmil - £2500 overpayment £560
114. Sunny Donny - £120 overpayment £31.71 £31.71
115. Ferguwat - £500 overpayment £250 £45
116. Nic283 -
117. Want2beMF -
118. Shineyhappy -
119. Herewegoagain -
120. Llygaw - £2500 0verpayment £692 £692
121. SnaxO -
122. PsychoPrincess - £5952.60 overpayment
123. Zekepes - £12500 overpayment £3000 £500
124. Newbird -

Here are the June totals. The first post is now clear for July!