my challenge

JAMIEDODGER

hi guys,

as you can see from my signature i am aiming to have paid off all my debt by end 2007. that is the latest i want to be debt free.

this morning i have paid another £54 off my barclaycard. i have really started this thread so i have a log to show how it was achieved. i am planning on paying £205 off next week and £120 off on the 6th feb.

when that is done then i can BT most of capital one debt to the barclaycard at 6.9% instead of a ghastly 26.9%.

will update as soon as something changes....wish me luck guys xx

frosty

Well done JAMIEDODGER, :T you always seem to be very focused which i think is great,reading your threads keep me motivated and I wish you all the luck in the world,and roll on 2007 when you will be debt free :j :beer:
GOOD LUCK

ms_london

Well done JamieDodger - you are doing very well!! You'll probably be debt free a lot sooner than you think. You are an inspiration - keep up the good work.

Ms_London

Verbatim

Good Luck JamieDodger. Yuo seem extremely determined and well thought out with your planning.

*Sparkle*_3

Good luck!! I'm sure you'll do it and well done!!

Tondella

Good luck Jamiedodger, why not post how you have raised the money for the various payments, think that would be really helpful to the rest of us looking to bump along our repayments too.

tattooed_lady

Well done JD and good luck for clearing the rest of the debts :beer:

What's the APR on the car loan by the way?

xx

JAMIEDODGER

Tondella wrote:

Good luck Jamiedodger, why not post how you have raised the money for the various payments, think that would be really helpful to the rest of us looking to bump along our repayments too.

hi tondella,

well, the £54 i paid off today was £13 from ebay sales and the rest from my savings account which now stands at zero. hoping to shift a lot more next week!!!!

JAMIEDODGER

ruyareece wrote:

Well done JD and good luck for clearing the rest of the debts :beer:

What's the APR on the car loan by the way?

xx

hiya ruyareece,

the apr is 14.9% :eek:

zeddy_2

Hi,

Well done for starting the payments off already. I am sure that you will achieve your repayment target of Dec 2007. Well done for coming up with a realistic plan and fingers crossed that everything will go to plan for you.

Have you remembered to budget for the unknown (things like car breaking down, washing machine packing up etc etc). Sorry to sound patronising, it's just that is how my boyf and I have accumulated a whole load of our own debt - through things cropping up that we didn't expect.

Good luck, I really hope you achieve your goal. Keep us updated.

JAMIEDODGER

zeddy wrote:

Hi,

Well done for starting the payments off already. I am sure that you will achieve your repayment target of Dec 2007. Well done for coming up with a realistic plan and fingers crossed that everything will go to plan for you.

Have you remembered to budget for the unknown (things like car breaking down, washing machine packing up etc etc). Sorry to sound patronising, it's just that is how my boyf and I have accumulated a whole load of our own debt - through things cropping up that we didn't expect.

Good luck, I really hope you achieve your goal. Keep us updated.

hi zeddy,

my income is £1556 per month

i pay £400 per month into my bills account this covers all dd's but the actual outgoings from that account per month are only £320 (leaving £80 per month), this together with the fact that i have just renegotiated a new mobile contract (getting £100 credit put on my account) means i have no mobile bill to pay for 3 months. water bill no payments feb and march, and my tv licence is now paid up until august. this gives me more leeway. if anything crops up like you mentioned, it will just come out of the bills account.

he he hope i explained that properly and didnt sound like a total nutter!

house keeping per month now = £400 covers living!!!
loan payments = 117.00
interest on overdraft = 16.00


leaves me with = £623.00 to pay towards debt and any other expenses.


I CAN DO THIS!!!!!!!! yay!!!