2008 MFW newbies

elantan

wow what an overpayment i can only hope to make that much for the full year

bellsbells

Welcome Squiggly Diddly!
Well done Frugal freda and LouiseJ:beer:

kazzieg

I would like to join too plz.

Hopefully get rid of our mortgage this year but sadly due to the passing of the father in law.

He had paid off most of his mortgage, had his pension payout due to early retirement and passed away two days later. Very unexpectedly!

Just had probate through and now we are selling his property, a 1 bed bungalow, and my DH and his brother are due to have half the proceeds. Probably about 40 k each after everything is settled.

Not much i know but enough to clear off the rest of our mortgage and save us the next 14 years that was left to run.

bellsbells

FAO the 2008 MFW Newbies

One of the things I am loving about this thread is the chat and discussion about how much we are paying off and when.....up till now I have been updating as we go along when people leave comments. I know I said that I would do it on the 5th of each month but I quite enjoy sharing the excitement of people as they pay so I tend to update there and then!

However.... my poor old brain is getting confused as sometimes the post chats about money paid in, money about to be paid in, money that will be paid in etc so it is not always 100% clear what you want on the list in the first post as your total.

So...... from now on if you would like your total updated in the list on post 1 please PM me and I will change it for you. That way I won't worry about missing a total amongst all the lovely chat that goes on.


You are more than welcome to PM me whenever you want over the month to update your total or indeed join our challenge!


BB

torbrex

bellsbells wrote: »

So...... from now on if you would like your total updated in the list on post 1 please PM me and I will change it for you. That way I won't worry about missing a total amongst all the lovely chat that goes on.


You are more than welcome to PM me whenever you want over the month to update your total.

BB

Will do BB, I will PM as my deposits go in around the 16th of the month. :j

bellsbells

kazzieg wrote: »

I would like to join too plz.

Hopefully get rid of our mortgage this year but sadly due to the passing of the father in law.

He had paid off most of his mortgage, had his pension payout due to early retirement and passed away two days later. Very unexpectedly!

Just had probate through and now we are selling his property, a 1 bed bungalow, and my DH and his brother are due to have half the proceeds. Probably about 40 k each after everything is settled.

Not much i know but enough to clear off the rest of our mortgage and save us the next 14 years that was left to run.

Welcome Kazzieg - what would you like me to put for your target? clear mortgage?

frugalfreda

elantan wrote: »

wow what an overpayment i can only hope to make that much for the full year

We've been saving for a year so really it is an overpayment for the whole of 2008. I know we are not going to be able to make nowhere near this overpayment next January if at all. I wanted to round it up so did pay a bit more than we had originally intended. I also 'used' the council tax for February and March into that amount.

Well done to everyone who has overpaid this month - every little helps towards the interest.

kazzieg

bellsbells wrote: »

Welcome Kazzieg - what would you like me to put for your target? clear mortgage?

Hoping to get rid of it all. About 35k to go!

elantan

i can see what you mean bells bells and i think it does make perfect sense to update you by pm you cant be expected to try and figure us out every day ... i do tend to just get so excited about paying any wee bit off and feel i have to share ...i will update you by pm once a month ...thanks

LouiseJ

Having made my first ever overpayment on my mortgage today I have to say I got a bit excited in the bank and started telling the lady behind the counter my future plans to pay off my mortgage early.

She smiled and nodded as if I was slightly lacking in the grey matter but I didn't care IT FELT GREAT!!!

After years of battling with Credit Card debt and even putting £10K of this on the mortgage 2 years ago I feel as though I can now see the light at the end of the tunnel.

I will be really happy when the £10K additional borrowing part of the mortgage is gone as in a way I feel a bit of a fraud claiming that I am paying off my mortgage when infact a large chunk was from Credit Cards.

But at least I now have all the debt in one pot and can really concentrate on getting rid of it.