2008 MFW newbies

bellsbells

tootallulah wrote: »

Hi All

Just back from a lovely holiday in Malaysia and feeling lucky to have missed the snow. Paid off £950 this month which is great. It will be slow for the next two months once the holiday bills start coming through................... I need to start selling on Ebay but I'm missing a motivation gene, with a bit of luck my lack of being able to pay much extra without new income will get me going. I have found the camera which is a start.

welcome back toot!

bellsbells

gustavlebon wrote: »

Hi,

I have a £400k mortgage and would like to pay it off in 2.5 years.

Gustav.

welcome gustav:T You are added to the fist post. Let me know if you have a particular figure in mind to pay off this year and I will add that to the list. If not, we can keep your target more general like 'pay off as much as possible this year' Let me know!

bellsbells

birdstill wrote: »

Hi Bellsbells, I am a new member in MSE forum, and I would like to set a target for myself. I currently have a mortgage of 65000 pounds, I aim to invest+save so that I can be mortgage free within 3 years.

First step is 20k less before April 2009!

welcome birdstill:j

bellsbells

Phew - I think I have caught up with all the totals! Well done everyone on a fantastic amount overpayed this month, and welcome to all the new joiners. If there is anyone else out there who wants to send me their total please do so this evening. Tomorrow I will be clearing the first post ready for Aprils overpayments!
Please don't forget that if you want to PM me with updated please can you send me the amount paid off and your new running total for the year. Also, can you check that I have put you goal/total down correctly - I am not perfect and have and will make mistakes:o

Gillybean

Hi,

Another newbie here!

I've recently started part time (temporary) work after being a SAHM for 2.5 years. It's well paid (consultancy for my old employers) so ater nursery fees I've got around £2-300 per mth that we didn't have before. So DH and I have decided that we are going to start throwing all we can at the mortgage.

In the process of moving to a better deal at the mo, we have £126ish outstanding and will be paying a rate of 5.95% over 22 years. The max we can overpay by is £2000 a year and we're aiming to save £200 at least per mth in order to do this comfortably. Got a savings account all set up, a change jar on the side in the kitchen and I'm going to start taking our £1 and £2 coins out of our purses and pockets at the end of each day as well!

Good luck everyone (although luck has nothing to do with it!)

kezza12

welcolme vto the club gillybean and happy saving

pollys

hello another newbie here

I am so pleased to be joining this thread at last. Just back from the bank and we have set up a standing order for £300 a month over payment into the mortgage account. We may be able to pay more than this some months we'll just have to see how it goes. So we are aiming for £2400 for 2008. First payment is made on 1st May.

Good Luck Everyone

bellsbells

pollys wrote: »

hello another newbie here

I am so pleased to be joining this thread at last. Just back from the bank and we have set up a standing order for £300 a month over payment into the mortgage account. We may be able to pay more than this some months we'll just have to see how it goes. So we are aiming for £2400 for 2008. First payment is made on 1st May.

Good Luck Everyone

welcome to the club pollys - you are added to the first post!

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 March total

Martinslovechild - MFW Graduate
Poppyosaur - £2000 overpayment £761 £261
SPL - £5000 overpayment £2754.04 £955.07
Elantan - £2000 overpayment £771 £250
Newmoneysaver - £1500 overpayment £700 £100
Lumpy Custard - Reduce mortgage to £20K £600 £
Wheelies - £343.20 overpayment £57.20 £0
Daft Pegasus - Reduce mortgage by £12000 £6161.29 £2124.36
Ms Cat - £2000 overpayment by end Nov £700 £
MF2015 - £8900 overpayment £3750 £2000
Hummingbird - £4685 overpayment £350 £
TEENY -
Bellsbells - £2500 overpayment £790 £150
Atypicalblonde - £2500 overpayment £0 £
Frugalfreda - Overpay as much as possible £3000 £
Di-Dough - £3000 overpayment £444.83 £81.61
Torbrex - £2000 overpayment £522.19 £188.25
Violet Blue - Reduce mortgage to £23000 £1715 £
Belfastgirl23 - £2500 overpayment £717.50 £281.50
LouiseJ - £3720 overpayment £1181 £381
Thriftyget - Sub 30K by end of year
Jay1 - Overpay as much as possible
Squiggly Diddly - Overpay something each month £300 £100
Kazzieg - Clear £35k mortgage
Zavarony - £3000 overpayment £300 £300
Stripey Cheese Skirt - £3000 overpayment
SALTY69 - £3600 overpayment £700 £
Emma_Nottingham - £1600 overpayment by 2/11 £266.35 £96.95
Macka0 - Pay off £5000 by October £1015 £300
Kezza12 - £3000 overpayment £1070 £200
Lifebegins - £6000 overpayment
George_jetson - MF in 2008
Chrisbee - £600 overpayment £50 £
Sheslookinhot - Reduce mortgage to £13000 £1017 £337
Intheblackfinally -
DrGUID -
Lauren565 - £5000 overpayment £1,132 £
Cazzdevil -
Twinklie - £
Alion - £3000 overpayment £500 £
Aliportico - £2000 overpayment £510 £210
Steveswift - £4000 overpayment £1420 £520
Tootallulah - £4500 overpayment £2410 £950
Angel81uk -
howskint? - £3500 £ £
freaky-di - £1500 overpayment
broomstick27 - £500 £
Gazella77 - £2000 overpayment £460 £
Alli_baba2 - £4500 overpayment £508.30 £508.30
Loomacdon - overpay as much as possible£3667.34 £278.64
Bargainhunter - £ £400 £
I,m Sad - £ £ £
Clockwatcher - £500 overpayment £ £
Maximumtime - £4000 overpayment £ £
Hawksmuir - £1000 overpayment £200 £100
Courgette - £2000 overpayment £ £
Sofasurfer - £5000 overpayment £50 £
Teasel26 - £1000 overpayment £ £
49clare - £ £ £
ShakyStoozer - £ £ £
ShreksBodyDouble - £1000 overpayment £540 £540
IDN101 - £ £ £
Sosh - £4000 overpayment £1268.88 £368.88
Oggieinglos -
Steve-o - £7200 0verpayment
Daisydog - £
Skint2008 - £
Mischiefmaker - £1000 overpayment £40 £40
Courgette - £2000 overpayment £300 £300
Gillybean - £2000 overpayment £100 £100
Birdstill - Reduce mortgage by 20k £ £
Bigadd - Overpay by £3564 £ £
Bubblette - Offset as much as possible
Gustavlebon -
Pollys - £2400 overpayment

Right everyone, there is March done and dusted and the totals saved for us to admire - bring on April! The first post is now clear ready for all those lovely April overpayments:beer:

Gazella77

Hi,

Bellsbells, I've been v busy getting ready for my little one so haven't had a chance to pop in and also had to step back from overpaying. I've got a standing order for extra £30 monthly so unfortunately that's all I managed to put in March.

That's £490 for me up to the end of March then.

And obviously there will be another £30 in April, May and so on ;-)