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  • FIRST POST
    • Firegirl
    • By Firegirl 12th May 15, 8:29 AM
    • 726Posts
    • 2,956Thanks
    Firegirl
    FIRE Through The Mortgage - MF by 55 - LATEST
    • #1
    • 12th May 15, 8:29 AM
    FIRE Through The Mortgage - MF by 55 - LATEST 12th May 15 at 8:29 AM
    Hi Everyone,

    I've started a brand new diary!!!! I have decided I want to recalc my figures in line with retiring by 55.

    I'll keep you in suspense for now but I'll pop back later with some figures.

    19 Years - MF at 55
    May Year - Remaining debt
    May 2015 - £239,992
    May 2016 - £228,450
    May 2017 - £216,793
    May 2018 - £205,020
    May 2019 - £193,132
    May 2020 - £181,125
    May 2021 - £169,000
    May 2022 - £156, 754
    May 2023 - £144,388
    May 2024 - £131,898
    May 2025 - £119,286
    May 2026 - £106,548
    May 2027 - £93,684
    May 2028 - £80,693
    May 2029 - £67,574
    May 2030 - £54,324
    May 2031 - £40,943
    May 2032 - £27,430
    May 2033 - £13,783
    May 2034 - £0
    Last edited by Firegirl; 12-05-2015 at 10:21 AM. Reason: Adding Detail
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £191, 098
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
Page 21
    • shangaijimmy
    • By shangaijimmy 10th Apr 18, 7:29 AM
    • 2,710 Posts
    • 13,355 Thanks
    shangaijimmy
    Such a great feeling to hit our targets isn't it. Even more pleasing to know you'll hit your target so far in advance! Great work.
    MFW: Turning June 2036 into March 2025... 38//120 Payments Challenge, Diary Reduction £40,984.38
    Aug 2009: £163,051 // Current: £95,015.63 // Avg Daily Interest £4.27
    MFiT-T4 #8 - 74.24% of £41,000
    • greent
    • By greent 10th Apr 18, 10:43 AM
    • 7,010 Posts
    • 71,560 Thanks
    greent
    Fingers crossed for contract extension and mortgage smashing!

    My OH has just had an extension until end of June from end of this month - not bad when the original end date was mid July last year
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £877.49/£4000
    Net sales 2018 £491.03/£1000 PAYDOX18 (#15) £13869.38/£18694.38
    • Firegirl
    • By Firegirl 15th Apr 18, 8:44 AM
    • 726 Posts
    • 2,956 Thanks
    Firegirl
    AFK - the brilliant thing and the worst thing about contracting is the end date. It gets you through the most difficult days!!! I only have to take this beep until the end of June!!!! Lol

    shangai- meeting targets is great! I do feel like I could put more effort into get it down even further. Ive started enjoying getting coffees and nice lunches which I could cut out and save a fortune!

    Greent- well done to your husband getting extended. It!!!8217;s the best complement a contractor can get. He must be doing a great job!

    So my plan for the next few months is to cut down the coffee runs in work. I am also in a new tax year and can now pay myself a set salary from my company. So credit card is cut up and I stick to a monthly amount of salary. This will naturally reign in the coffees. Interest free period lasts until April 2020 so Ill just let that tick away rather paying it off with dividends from my company account. I could stooze with it but hate being in debt so have ruled that out!

    Happy Sunday everyone!
    Last edited by Firegirl; 15-04-2018 at 9:09 AM.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £191, 098
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • Firegirl
    • By Firegirl 18th Apr 18, 7:01 PM
    • 726 Posts
    • 2,956 Thanks
    Firegirl
    4K moved from savings off set to come off balance and sig updated.

    When the mortgage payment comes off at the end of this month Ill be in the £180k bracket. I met my target 1 month ahead of schedule and for the MF by 50 plan.

    Im so pleased!!!!
    Last edited by Firegirl; 18-04-2018 at 7:03 PM.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £191, 098
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • greent
    • By greent 18th Apr 18, 7:06 PM
    • 7,010 Posts
    • 71,560 Thanks
    greent
    Whoop - fab stuff! Well done!
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/10 £104927 01/11 £89873 01/12 £76317 01/13 £52546 01/14 £35356 01/15 £12133 07/15 £NIL
    BTL Mtge 12/16 £69786. 2018 OPs (#18) £877.49/£4000
    Net sales 2018 £491.03/£1000 PAYDOX18 (#15) £13869.38/£18694.38
    • Firegirl
    • By Firegirl 12th May 18, 8:51 AM
    • 726 Posts
    • 2,956 Thanks
    Firegirl
    Boss has asked if he was able to would I extend til the end of December. Said Id be delighted! Have to wait a few weeks to see if it actually happens now!

    Planning to do a car boot sale with my kids. Teach them about ways to make some extra cash by selling things they dont want. We do a lot of eBay and gumtree but for some reason I havent had much luck recently so stuff is piling up.

    Went to charity shop and got loads of stuff - I was delighted! £30 for 3 dresses, 2 tops and a pair of trousers. I needed work trousers so thatss that sorted and a few dresses for holidays. One of the tops Ive been complemented on 3 times already. Not sure why I cant contain the place of purchase and price!!!
    Last edited by Firegirl; 12-05-2018 at 9:00 AM.
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £191, 098
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
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