2008 MFW newbies

Optimisticpair

Maslowe wrote: »

Hi

Have been watching this thread for a while and would like to join. :j
DD just about to start University and funding her is going to a challenge as well as overpaying but feel the time is right.

Maslowe

Hi Maslowe,

Have you seen you are no 150 for the MFW list. Nice number.

bellsbells

Welcome to all our new joiners - we are over 150 members now!

abouttimetoo

Hi all, just reporting in on my September OP. I usually OP by £300 but this month it was £400 :j :j I'm especially pleased as the interest charged is £396 so for the first time ever my OP has covered the interest and all the normal payment can come off the capital - couldn't resist rounding it up to £400:D

Now off to PM Bellsbells, hope you are all doing well

Regards

kezza12

Hi all, well I'm back form center parcs, had a lovely time but spent way too much. I'm soooooooooo glad that i banked my OP before I left or I would have definitely spent it!! We now just need to be very frugal for the rest of the month (and pay off the cc when I get paid:rolleyes:). Along with my monthly S/O we had an extra £100 in the mortgage piggy so £300 this month.Off to pm bells now, welcome to all the newbies and a big congrats to Torbrex we all aspire to be in your position and seeing someone actually do it just motivates us more.:beer:

Optimisticpair

torbrex wrote: »

I have started pooling all my savings into one pot and next month on the aniversary of taking it out in 1992 I will pay off the balance of my mortgage, 9 years early.

snip>

So its fingers crossed that I have a smooth month then this time in October I will be joining the 'roll of honour', with no small thanks to the folk on this thread for all the inspiration and the drive to reach my target early.

Ah Fantastic, go torbrex!

Maslowe

Thanks Shirlgirl2004

I have been able to pay via online banking. I will check with them next week that they have paid it off the capital as they have been known to think it is part payment for a future monthly repayment.

fluffysox

Well done everyone on your overpayments, particularly Torbrex :T:T .

Well have overpaid £496 this month, taking our 2008 overpayment to £2783.

Still not sorted out a remortgage for November when our current tracker ends. Best so far takes us up about 1.3% which equates to over £100 per month:eek: . Good job we're used to paying extra. :rotfl: .

Sunny_Donny

Hi all

Have been in touch with the bank and updated the mortgage account.
As of yesterday I owe
Loan 1 - interest only @ 5.9% £7075 - time left 6 yrs 5 months
Loan 2 -repayment @6.09% £11,279.96 - time left 5 yrs 5 months
Loan 3 -Repayment £8,674.15 5.9% - time left 5 yrs 8 months
Total owed £27,029.11

have set up larger DD of £389.82?? (did want £390!!!) which is overpaying £20 per month from 1/10/08. Hopefully will continue to increase this everytime I get a pay rise!!! Although I can't afford a large overpayment - I am so impressed with everyone who can, I am so pleased to see it all decrease - a great motivator - I will get this paid off by 2012.

zavarony

Hi All,

I have overpaid by £300 this month, and having already passed my target for 2008 I am over the moon!!! Although the mortgage isn't actually going down since I am still unable to overpay, the savings in the ISA pot are creeping steadily upwards ready to overpay in Jan 2010.

Well done to everyone, the inspiration from this thread is more than I would have imagined before I joined and I am still surprised how addictive it is to overpay!!!

Zav
x

LumpyCustard_2

70% of this month's overpayment made yesterday, the rest to be made on pay-day (Friday). That's 2000 this month, 8200 for the year so far, and brings me under 20K for the first time