Struggling ... and now boiler has been condemned

bank_of_slate

Also, start a spending diary to keep a track of the little daily spends on things such as coffee, sandwiches, newspapers etc, anything you save should be thrown at the M&S debt as that's the one with the highest interest rate.
Once that's paid off you can concentrate on paying off the remainder.

If you continue to pay the minimum on the M&S debt then look at https://www.whatsthecost.com snowball calculator - I've done the calculation below
It'll take you 62 months to clear this and you will pay £504 in interest!

Date Total Debt M&S (18.90%) Total Debt Interest
Balance Payment (EOM)
January 2009 £920.00 £920.00 £23.00 £897.00 £14.40
February 2009 £911.40 £911.40 £23.00 £888.40 £12.88
March 2009 £901.28 £901.28 £23.00 £878.28 £14.10
April 2009 £892.38 £892.38 £23.00 £869.38 £13.51
May 2009 £882.88 £882.88 £23.00 £859.88 £13.80
June 2009 £873.69 £873.69 £23.00 £850.69 £13.21
July 2009 £863.90 £863.90 £23.00 £840.90 £13.50
August 2009 £854.40 £854.40 £23.00 £831.40 £13.35
September 2009 £844.74 £844.74 £23.00 £821.74 £12.77
October 2009 £834.51 £834.51 £23.00 £811.51 £13.03
November 2009 £824.54 £824.54 £23.00 £801.54 £12.45
December 2009 £813.99 £813.99 £23.00 £790.99 £12.70
January 2010 £803.68 £803.68 £23.00 £780.68 £12.53
February 2010 £793.22 £793.22 £23.00 £770.22 £11.17
March 2010 £781.38 £781.38 £23.00 £758.38 £12.17
April 2010 £770.56 £770.56 £23.00 £747.56 £11.61
May 2010 £759.17 £759.17 £23.00 £736.17 £11.82
June 2010 £747.99 £747.99 £23.00 £724.99 £11.26
July 2010 £736.25 £736.25 £23.00 £713.25 £11.45
August 2010 £724.70 £724.70 £23.00 £701.70 £11.26
September 2010 £712.96 £712.96 £23.00 £689.96 £10.72
October 2010 £700.68 £700.68 £23.00 £677.68 £10.88
November 2010 £688.56 £688.56 £23.00 £665.56 £10.34
December 2010 £675.90 £675.90 £23.00 £652.90 £10.48
January 2011 £663.38 £663.38 £23.00 £640.38 £10.28
February 2011 £650.66 £650.66 £23.00 £627.66 £9.10
March 2011 £636.76 £636.76 £23.00 £613.76 £9.85
April 2011 £623.61 £623.61 £23.00 £600.61 £9.33
May 2011 £609.94 £609.94 £23.00 £586.94 £9.42
June 2011 £596.36 £596.36 £23.00 £573.36 £8.91
July 2011 £582.27 £582.27 £23.00 £559.27 £8.98
August 2011 £568.24 £568.24 £23.00 £545.24 £8.75
September 2011 £554.00 £554.00 £23.00 £531.00 £8.25
October 2011 £539.24 £539.24 £23.00 £516.24 £8.29
November 2011 £524.53 £524.53 £23.00 £501.53 £7.79
December 2011 £509.32 £509.32 £23.00 £486.32 £7.81
January 2012 £494.13 £494.13 £23.00 £471.13 £7.56
February 2012 £478.69 £478.69 £23.00 £455.69 £6.84
March 2012 £462.53 £462.53 £23.00 £439.53 £7.06
April 2012 £446.59 £446.59 £23.00 £423.59 £6.58
May 2012 £430.17 £430.17 £23.00 £407.17 £6.54
June 2012 £413.71 £413.71 £23.00 £390.71 £6.07
July 2012 £396.77 £396.77 £23.00 £373.77 £6.00
August 2012 £379.77 £379.77 £23.00 £356.77 £5.73
September 2012 £362.50 £362.50 £23.00 £339.50 £5.27
October 2012 £344.78 £344.78 £23.00 £321.78 £5.17
November 2012 £326.94 £326.94 £23.00 £303.94 £4.72
December 2012 £308.66 £308.66 £23.00 £285.66 £4.59
January 2013 £290.25 £290.25 £23.00 £267.25 £4.29
February 2013 £271.54 £271.54 £23.00 £248.54 £3.60
March 2013 £252.14 £252.14 £23.00 £229.14 £3.68
April 2013 £232.82 £232.82 £23.00 £209.82 £3.26
May 2013 £213.08 £213.08 £23.00 £190.08 £3.05
June 2013 £193.13 £193.13 £23.00 £170.13 £2.64
July 2013 £172.77 £172.77 £23.00 £149.77 £2.40
August 2013 £152.18 £152.18 £23.00 £129.18 £2.07
September 2013 £131.25 £131.25 £23.00 £108.25 £1.68
October 2013 £109.93 £109.93 £23.00 £86.93 £1.40
November 2013 £88.33 £88.33 £23.00 £65.33 £1.01
December 2013 £66.34 £66.34 £23.00 £43.34 £0.70
January 2014 £44.04 £44.04 £23.00 £21.04 £0.34
February 2014 £21.38 £21.38 £21.38 £0.00 £0.00

Scary eh?
...Linda xx

izoomzoom

bank_of_slate wrote: »

It's worth looking into! My Dad was going to change suppliers last month so I urged him to join and go through Quidco... he did and got £65 cash back for changing to the same company he had looked at in the first place!
...Linda xx

sorry i don't understand, if my current supplier is still cheapest, recon still do it ???? dont understand

also don't really understand cash back / quidco thing .... a couple months ago we took out some car insurance it was the cheapest when you took into consideration the cash back... however i don't think we ever got that csh back back nor can find evidence of it (not mentioned on any of the papers we got from ins co ?????).

izoomzoom

bank_of_slate wrote: »

Also, start a spending diary to keep a track of the little daily spends on things such as coffee, sandwiches, newspapers etc, anything you save should be thrown at the M&S debt as that's the one with the highest interest rate.
Once that's paid off you can concentrate on paying off the remainder.

If you continue to pay the minimum on the M&S debt then look at www.whatsthecost.com snowball calculator - I've done the calculation below
It'll take you 62 months to clear this and you will pay £504 in interest!

Scary eh?
...Linda xx

thanks, I am throwing everything I can at the M&S bill. I just put the min figure in for the SOA purposes. Am keeping a diary, but sometimes it gets a bit confusing cos DH doesn't always keep receipts and also with DH going to Africa, there were tonnes of things that were bought for that. Anyway, what is done is done ...

bank_of_slate

izoomzoom wrote: »

sorry i don't understand, if my current supplier is still cheapest, recon still do it ???? dont understand

also don't really understand cash back / quidco thing .... a couple months ago we took out some car insurance it was the cheapest when you took into consideration the cash back... however i don't think we ever got that csh back back nor can find evidence of it (not mentioned on any of the papers we got from ins co ?????).

It may have been the cheapest supplier a couple of months ago but is it the cheapest now?
I'd keep checking every few months, it sounds like companies may be about to reduce prices fairly soon.
If it is the cheapest then leave it!

DO join Quidco!
Any online transactions through this site will earn you cash back, sound dodgy but it's great!
I've had nearly £50 back just for buying things that I was going to buy anyway!
...Linda xx

izoomzoom

Merry Christmas everyone.

DH got home from visiting his ill father in Africa this morning. I thought the 2 hour journey to Gatwick with 3 children and me and two of the children bogged down with colds / temps was the worst thing that could happen today.

DH borrowed his BIL video camera and when we unpacked his suitcase he realised the camera was not there. Initially thought he had dropped it in his sister's car but she has said it is not there.

No point in going into the rights of putting this type of item in your handluggage as I have already had that out with DH but now we are going to have to replace the camera.

Why of Why ??? and I thought we had already had our three bits of bad things (fridge, boiler, trip ....):mad: