2018 Mortgage-Free Wannabes

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  • Poppycat1
    Poppycat1 Posts: 376 Forumite
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    Hi,

    Please could you add me to the 2018 challenge?

    I am not sure of my target yet. I am at the last stages of selling my current property for a more expensive one. But it may all fall through over the next couple of days.

    I am part of the 2017 but don't mind a different number.
    Without overpayments: 15 years, 1 monthsBecause of overpayments: 10 years, 10 months left until paid off
  • kerry90_2
    kerry90_2 Posts: 24 Forumite
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    Thanks for volunteering to arrange this again!
    I'm going to go for a smaller target than we had in 2017 (and will possibly revise up if our bonus is decent as it was last year) - so £7,000 this year please, and would be great if I could keep my number from this year's thread too, 51
    Starting mortgage (Sep 2016): £314,124.00
    Current balance (Oct 2018): £267,400.00
    2018 OP so far: £14233.27/[STRIKE]£10,000[/STRIKE] £14,000
  • turtlemoose
    turtlemoose Posts: 1,645 Forumite
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    I'd like in please, don't care about the number. Target is £2100.
  • SimbaSimon
    SimbaSimon Posts: 810 Forumite
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    I did this a few years ago, and after remortgaging this year, I feel it's about time I did it again. However I feel it'll be a challenge, I now live alone, so it's only me paying the bills, on top of that I'm trying to top up my pension as I only get the minimum from my employer. Add to that trying to create an emergency fund, plus I would like some money for myself after the usual bills. I find it all very daunting at times but that is life right?

    Anyway, give me any number except 13, and I'll set a goal of £400. I wish it could be more, but I'm feeling squeezed as it is and unfortunately will have to start small.
  • SWSEGirl
    SWSEGirl Posts: 162 Forumite
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    I'd love to join this thread please - I hope to overpay by £6k in 2018, although since we are also planning on starting a family I may have to reassess this! I can't wait to be part of this.

    Thank you xx
    Original Mortgage as of September 2016 = £322,999 :eek: Paid off by 2051
    Current Mortgage Balance as of September 2017 = £316,649
    Current Mortgage Balance as of May 2020 = £276,364
    Current Mortgage Balance October 2020 = £262,480
    Current Mortgage Balance December 2020 = £250,852
    Current Mortgage Balance January 2021 = £248,219
    Current Mortgage Balance February 2021 = £246,000
    Current Mortgage Balance March 2021 = £243,434
    Emergency Savings = £40,000
    S&S ISA's = £5,536
  • chocoholic_chick
    chocoholic_chick Posts: 666 Forumite
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    I'd like to join again please, not bothered about the number assigned :)

    Going to aim to OP the maximum we're allowed to before penalties which is £11,940
    New House... New Mortgage! February 2017: £144,000 :eek:
    Current Mortgage Balance: £96,440.99
    2017 OP's:£5,935 2018 OP's: £11,956.00 2019 OP's: £11,988 2020 OP's: £1,998
    Total Debt[STRIKE] £29,209[/STRIKE] £0 :j:j:j Debt free 6/8/16
  • teameffort
    teameffort Posts: 134 Forumite
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    Hi hiddenshadow

    Thank you for doing this.

    I'm new to this so any number would be good.

    I am pledging to make £6500 of OP's in 2018.

    Mortgage balance as of 1 January 2018 should be £101,100.00

    Many thanks
    TeamEffort
    Emergency fund saved, we did it!!

    2020 #140 MFW £10,250.25/£9,500.00
    2019 #490 MFW £ 9,964.78/£9,600.00
    2018 #143 MFW £ 6,903.63/£6,500.00
    MFW balance as at 31 Dec 19 77,875.00. Original end date 2043 :eek: goal 2023
  • beanielou
    beanielou Posts: 90,308 Ambassador
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    I am going to go for £600.
    Funds are really really tight but it all helps.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • Lomcevak
    Lomcevak Posts: 1,023 Forumite
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    Thanks for doing this again - it's always a great motivation :D

    I'd like to keep #11 if possible, and will go for £12k in 2018 please - even though I missed my £10k this year, I still have dream that maybe i'll green-up in MFiT-T4 somehow and a £12k target would be a good start towards that :)
    £40k-in-’23#18 £78,628.29/40,000 (196.57%)
  • dizzyblnd
    dizzyblnd Posts: 449 Forumite
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    Can I sign up please? I've never tried this challenge before but truly believe any overpayments from your mortgage is a step in the right direction. We're moving house so unsure what my mortgage will be but I will aim for £2400 of over payments. That's a huge target but gives me motivation to really stretch.

    Can people that have completed this challenge before give some ideas for how they have managed such incredible figures?
    Mortgage free wannabee 2022 #82
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