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My Debt Free By Xmas 2009 Thread
DilbertJones
Posts: 670 Forumite
Ok, so I thought I could do with the motivation to keep up my deisre to be Debt Free by ASAP...
I figure if I start my own thread and I fall by the way side, you guys can shame me into sorting it out.
I need to take a few days to a week to get the total figures as I have just shfted some debts around to low interest cards, one is a LOB 6.3% and the other is 0% for 15 months.
I think it is around the £6500 mark and I want it gone so me, the missus & our two kids can spend our money on ourselves.
:T :T :T :T :T
Keep your eys peeled for further updates and thanks in advance for your support.
I figure if I start my own thread and I fall by the way side, you guys can shame me into sorting it out.
I need to take a few days to a week to get the total figures as I have just shfted some debts around to low interest cards, one is a LOB 6.3% and the other is 0% for 15 months.
I think it is around the £6500 mark and I want it gone so me, the missus & our two kids can spend our money on ourselves.
:T :T :T :T :T
Keep your eys peeled for further updates and thanks in advance for your support.
0
Comments
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Well done mate for starting on a long road.:j
I wish you all the best with getting rid of your debt. I started on mine 5 years ago. Iv only got about 10 months left and i carnt wait to be debt free:beer: :j :j
keep me upto date with how you get on.
Good luck:beer::jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j0 -
Its going to be great to buy lots of amazing things without worry, and to go on holiday like new yourk etc...
This time for me it is going to go without me losing interest and spending un-wisely again0 -
OK so I am closing to figuring out the total debt I owe, It is taking so long as I am currently moving debt around, I know I have £4325 @ 0% on virgin money and it is this balance that I have cleared my Egg & Barclaycard cashback balances off today, and also two overdrafts totalling £1240
Just waiting on my Barclaycard LOB 6.3% statement to come through so I can add this to my Virgin money card for my total debt.
It is around £7700 as I have cleared the overdrafts off saving me a bit more money in fees and interest.
Xmas 09 seems both a long way off and no time at all to clear a large balance like that.0 -
Good luck with that. I will join in but unfortunately I will just have to attempt to be credit card debt free by Christmas 2009. If I can do that then at least I can throw all the money I am now paying on the CCs at the other debts I have !!Debt free and Keeping on Track0
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Welcome along... Be good to have someone to answer to should I fail!!!
I want to know my total debt which I cant find out as I dont have my Barclaycard statement yet.
Will have to phone them tomorrow as I hate waiting, I have misplaced the card somehow so cant even check online0 -
Good luck. If we are really disciplined and keep our jobs I hope to be debt free by April 2010 a year to 18months before I thought I was going to be! All through changing priorities, trying to boost income and asking for and getting a payrise etc...Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £169.8K Equity 37.1%
2) £2.4K Net savings after CCs March 26 (but owed £1.1K) so £3.5K
3) Mortgage neutral by 06/30 (AVC £36.2K + Lump Sums DB £4.6K + (25% of SIPP 1.3K) = 42.1£127.5K target 33% 27/2/26 (If took bigger lump sum = 64K or 50.1%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5.2K updated 16/1/260 -
Ok so the final figure is in.
Barclaycard 6.3% £3204
Virginmoney 0% £4325
Total £7549
It can be done0 -
Good Luck with it - im sure the forums will help keep you motivatedMoving on up
SPC #382 ~ £40 banked
12k in 2016 #15. £541.91/£30000 -
I hope so, and now I have the full support of my G/F she was always for it but not for the sacrifices!!!
Updated my Signature so all can see my shame!!!0 -
Congrats!!! I might join you, want the CC paid off first then want to save money to pay of the loan...
We are in the same ammount of dedt, my loan is 5,700? something like that
Debt Then 06.07 - £11,000 - Debt Now £0.00
DFD Aug 20110
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