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  • FIRST POST
    • Doodlebug5
    • By Doodlebug5 16th Feb 17, 11:04 AM
    • 74Posts
    • 127Thanks
    Doodlebug5
    Debt total once a day
    • #1
    • 16th Feb 17, 11:04 AM
    Debt total once a day 16th Feb 17 at 11:04 AM
    Hi everyone

    I'm creating this diary to show our debt balance every day and payments made...

    So current situation
    Argos card - £727.90
    Very account 1: £652.83
    Very account 2: 910.79
    Natwest CC: £325.86
    Mbna card: £2279
    NatWest loan: £1867.53
    Bed loan: £296.04
    Bike loan: £250.48
    OH car loan: £1020

    Total: £8330.53

    Tomorrow I'll be back with tomorrow's balance and the payment I'm about to make to Argos.

    Doodle
Page 5
    • enthusiasticsaver
    • By enthusiasticsaver 29th Apr 17, 7:14 AM
    • 3,552 Posts
    • 6,203 Thanks
    enthusiasticsaver
    What a great start that will be then. Debt free to start your new life in your new home and hopefully a nice emergency fund although with a new build I would not expect that to be needed straight away. You can sort out the car fund too.
    Debt and mortgage free and saving for early retirement
    • Doodlebug5
    • By Doodlebug5 29th Apr 17, 8:54 AM
    • 74 Posts
    • 127 Thanks
    Doodlebug5
    Hopefully yes

    I also have a question about my car finance but I might put that in the loan forum.

    I don't really know what to do at the end of the term. Give the car back and pay £2k in fees for mileage or buy the car outright for £6k but it will have nearly 80,000 miles on the clock and probably wouldn't be worth that amount of money hmmm
    • Doodlebug5
    • By Doodlebug5 15th May 17, 8:52 AM
    • 74 Posts
    • 127 Thanks
    Doodlebug5
    Today -we're on the home run 46% paid off from original total

    Argos card - £0
    Very account 1: £0
    Very account 2: £396.78
    Natwest CC: £0
    Mbna card: £2400
    NatWest loan: £1186.47
    Bed loan: £0
    Bike loan: £0
    OH car loan: £540

    Total: £4523.25

    Doodle
    • Doodlebug5
    • By Doodlebug5 22nd May 17, 9:38 PM
    • 74 Posts
    • 127 Thanks
    Doodlebug5
    Today -

    Argos card - £0
    Very account 1: £0
    Very account 2: £396.78 -£200
    Natwest CC: £0
    Mbna card: £2400
    NatWest loan: £1186.47
    Bed loan: £0
    Bike loan: £0
    OH car loan: £510

    Total: £4293.25

    Doodle
    • Doodlebug5
    • By Doodlebug5 5th Jun 17, 8:33 AM
    • 74 Posts
    • 127 Thanks
    Doodlebug5
    Today - 50% of the way there

    Argos card - £0
    Very account 1: £0
    Very account 2: £146.76
    Natwest CC: £0
    Mbna card: £2260.68
    NatWest loan: £1204.74
    Bed loan: £0
    Bike loan: £0
    OH car loan: £450

    Total: £4062.20

    Doodle
    • enthusiasticsaver
    • By enthusiasticsaver 5th Jun 17, 8:40 AM
    • 3,552 Posts
    • 6,203 Thanks
    enthusiasticsaver
    Well done on paying off 50%. You will definitely be debt free this year if you keep this up.

    Not sure what to advise re car finance as I have never got involved in these PCP deals which I assume this is? If you have got to pay £2k whether you keep the car or not - what a ripoff, then the maths dictates if the car is worth less than £4k then no point in buying it unless you are convinced it is in good condition and may last a further 50k miles. 80k is not that much for a modern car.

    Personally with cars we either save outright for them or in the past I have got cheap finance via bank or 0% money transfer card. I am not a fan of these car finance deals.
    Debt and mortgage free and saving for early retirement
    • Doodlebug5
    • By Doodlebug5 6th Jun 17, 9:33 AM
    • 74 Posts
    • 127 Thanks
    Doodlebug5
    Today -

    Argos card - £0
    Very account 1: £0
    Very account 2: £146.76 -£146.76
    Natwest CC: £0
    Mbna card: £2277.52
    NatWest loan: £1204.74
    Bed loan: £0
    Bike loan: £0
    OH car loan: £450

    Total: £3932.26

    Doodle
    • Doodlebug5
    • By Doodlebug5 15th Jun 17, 8:08 AM
    • 74 Posts
    • 127 Thanks
    Doodlebug5
    Today - 72% gone

    Argos card - £0
    Very account 1: £0
    Very account 2: £0
    Natwest CC: £0
    Mbna card: £2300 -£1346
    NatWest loan: £1204.74. -£248.75
    Bed loan: £0
    Bike loan: £0
    OH car loan: £450-£420

    Total: £2332.43

    Doodle
    • ljj1986
    • By ljj1986 15th Jun 17, 10:39 AM
    • 34 Posts
    • 35 Thanks
    ljj1986
    Wow fabulous progress! I have been following your diary for a little while now, well done on your 72%!! You must be feeling great about it, just 28% to go and you will be clear.
    LBM 15/03/17=£7586.01 DFD April 2019.Debt Today: £6499.34 (DFD Apr 19)
    Target £0 Debt by Dec 2018 Highest debt: £12,242.84 (May16)
    • JoJoC
    • By JoJoC 15th Jun 17, 10:53 AM
    • 937 Posts
    • 2,890 Thanks
    JoJoC
    Wow - you really have hammered this debt down quickly! Well done!

    How have you managed it? Overpayment where you can? Do feel free to share your tips

    Not much left to go! It must feel good being on the home straight!
    CC1: 3,741/4,200 | CC2: 5,129/5,393 | Loan: 7,430/15,000
    Total: 16,300/20,032 Paid since Feb17: 3,732 or 18%

    Mummy of two boys - Working hard to make better financial choices!
    *My debt busting and savings diary*
    • Doodlebug5
    • By Doodlebug5 15th Jun 17, 12:40 PM
    • 74 Posts
    • 127 Thanks
    Doodlebug5
    Jojo hammering at it where I can. I snowballed a lot of it. So focused on which one I hated the most first minimum payments on the others and then slowly reduced all of them.

    It's also helped that we have moved back in with my parents at the start of June so I've thrown everything that I did spend on bills and rent at my debt.

    It's been a slog but will be so happy when paid off and I can ring NatWest and close my credit card. I dread to think the amount of money they have made off me over the past 10 years.

    Hopefully our new house will go through in September so it's the start of a mortgage free journey. A different kind of journey I think.
    • doingitanyway
    • By doingitanyway 17th Jun 17, 11:00 PM
    • 1,601 Posts
    • 7,175 Thanks
    doingitanyway
    Into the 2,000s. You are doing so ridiculously well
    JANUARY 2016/SECURED DEBT=24,822/June 2017=8,882
    MORTGAGE FREE 25/07/16
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