We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
wage rise
Rammstein1
Posts: 99 Forumite
i just got a nice wage rise of £160 per month so have been on the salary calculator website and worked out that i will take home an extra £115 per month
i want to pay off my debts but also want to feel like im getting something extra for my efforts at work and trying to decide on a ratio that will help do both
i dont just want to throw it all at the debts cos then il just feel like ive got nothing from it
but it also feels like my debts are going nowhere at the moment and taking an age to go down
anyone suggest a ratio please ?
Rammy
i want to pay off my debts but also want to feel like im getting something extra for my efforts at work and trying to decide on a ratio that will help do both
i dont just want to throw it all at the debts cos then il just feel like ive got nothing from it
but it also feels like my debts are going nowhere at the moment and taking an age to go down
anyone suggest a ratio please ?
Rammy
Light bulb moment - 18/03/08 - DFD Feb 2014 total debt of £31224.29 :eek:
ltsb loan 1 £994.38 ltsb loan 2 £2426.13 co-op loan £2130.15 beneficial cc £11370 ltsb cc £4445 argos sc £ 1005.00 total £22370.51 £2 savers club - £14.00 (Banked £110) 20p savers club - £1.80 (Banked £60) long hauler 108 total paid off £8853.78
ltsb loan 1 £994.38 ltsb loan 2 £2426.13 co-op loan £2130.15 beneficial cc £11370 ltsb cc £4445 argos sc £ 1005.00 total £22370.51 £2 savers club - £14.00 (Banked £110) 20p savers club - £1.80 (Banked £60) long hauler 108 total paid off £8853.78
0
Comments
-
Congrats :T
You've got to occasionally reward yourself otherwise whats the point?
The difference is that now you will be able to treat yourself without doing longer term damage to your finances0 -
If you use it for overpayments then every so often you can treat yourself.
Why not play with the snowball calculator for different amounts and see what feels right:
www.whatsthecost.com/snowball.aspx
That way you can find a level that will have an impact on your debt free date and leave a bit for you to play with£34,547 (Dec 07); Current debt: £zilch (Debt free December 2010)
Sealed Pot #389 (2010=£133)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards