How to be mortgage free after 8 years

Thefunkygibbons

There is an overpayment calculator as one of the sticky threads

http://forums.moneysavingexpert.com/showthread.html?t=155707

Thefunkygibbons

halloweenqueen wrote:

Did you work out your mortgage free date with the online calculators?

No need for me, I just took the opening balance off the annual statement and did a roiugh estimate based on how mucg I am overpaying, but for loans further out, the calculator is best

At the moment, my excel spreadsheet says that the end of June 2008 will do it

aliwatts

:j Thanks very much, have just used the link and found out that even paying just an extra £10 per month, will reduce my mortgage time by 8 months. Am definately gonna do that.

:beer:

halloweenqueen_2

Paid in another £61 today, so made overpayments of £900 this month plus mortage payment - i think that will be my record!!

MushyPeas

Well done halloweenqueen, fantastic overpayments!

aliwatts

halloweenqueen wrote:

Paid in another £61 today, so made overpayments of £900 this month plus mortage payment - i think that will be my record!!

That is a brilliant amount, well done !!!

You are an inspiration to any money saver, thanks

halloweenqueen_2

Woohoo wooohooo- Thanks everyone. It keeps me upbeat when I'm denying myself stuff I would normally overspent on - now I get praise on here instead!!!
Do you know though, a day after I've decided not to buy something I had my eye on, 9 times out of ten I can't remember what it was I wanted to buy!!!
I got myself a bargain in a charity shop yesterday and saved myself about £30 on a pair of curtains, exact right colour and size! i only bought them and stardrops!!!

halloweenqueen_2

At the risk of puffing myself us again - I made a typing error - I paid in £81 not £61 - I had an extra £20 from book sales on Amazon!

StuA1964

Have made overpayments of £100 for the past two months.
Not quite in the Thefunkygibbons league but it is a start.

halloweenqueen_2

Well we're chipping away!!!!!