My Debt Diary

loubie_lou

Yeah young and reckless I was thinking about it too but read it only stays at that rate for a year but the egg loan stays at 6.9 for the duration and it has even more flexibility.

The way I go on about egg sometimes makes you think I work there! (well I used too!!) LOL :rotfl:

James240

Bit dissapointed today cos looking at it i need some more sandwich meat and multipack of crisps so about £4 will be spent although still on target for not going into overdraft...think i will check my balance on bank account and see how much i have left .....

Edit:

Just checked ive got £1.56 left in my bank account forgot to take into account that i gave my brother £10 for his birthday in his card :doh: So what i will do is take out money from my shrapnel jar (Save 5p, 2p, and 1p's in a jar) Got about £30 saved up at the moment so will raid that to pay for the little bits i need. Cos im soooo determined i aint going into my overdraft

James240

ok im on my lunch break and been really boring and working out my money (again :rolleyes:). If I stick true to my goals in terms of keeping to my £20 a week budget and being strict on what i spend and make the overpayments of approx between £250 and £300 then by the end of december this year i will only owe just below £4000.

This is not taking into account any overtime which i will be doing as im getting trained on this coming saturday, if i do overtime on every saturday then its approx £400 before tax (does any one know what this works out to after tax?? Im assuming this will come to £250 after tax?)

So i will then be able to make further overpayments on my loan with this overtime. So hopefully my overpayments will total to around £500 every month plus the amount that comes off every month with my monthly payment which is around £239. So if this is the case i will be approximatley be paying £739 off my loan a month (providing overtime lasts that long!) which means i will pay off £8868 after 12 months. Leaving me with only £513 to pay off.

Now i know ive done this figure on the basis overtime will continue for a year but looking at it this way gives me sooooo much incentive to do as much overtime as possible. Its possible that i could be debt free in just over a year :j

Sorry to waffle on but with these figures im just sooooo excited at the moment :j :j:j:j:j

Verbatim

Great, hope it works out and the overtime lasts a loooong time. Don't get too down if it doesn't tho'.

James240

just got back from Tesco and spent £8.09 . Im not too worried aobut this cos ive got £30 saved up in 1p, 2p, 5p so im going to put £10 back into my current account. This is to balance out the fact that i put £10 into my brothers birthday card.

£2.47 was for a tupperware tub so i can take pasta Salads into work and save my self some more money so im not to worried about that, i even managed to pick my self up some scones that were reduced to 20p from £1.10.

picked up two packs of sandwich ham as they were 2 for £3 and got some peppers £1.18 and some salad as well as some black pepper to give my salad a nicer taste lol

James240

Verbatim wrote:

Great, hope it works out and the overtime lasts a loooong time. Don't get too down if it doesn't tho'.

Thanks Verbatim, nah wont get down at all its just nice to know that im going to have some extra money coming in, so i can overpay even more on my loan...so definatley wont get too disheartened as it really is just a bonus while the overtime lasts.

James240

Just been to the Bank in my lunch break, to put in the £10 in 5p so to Balance out the £10 i put into myu brothers birthday card, would never have done this a couple of months ago as i would have felt it was a waste of time but im feeling so glad that i did woooohhhooooo!!!


Back on course now :T

loubie_lou

James what other debts do you have apart from the egg loan? I've never seen your SOA!

James240

loubie_lou wrote:

James what other debts do you have apart from the egg loan? I've never seen your SOA!

Its on on the first page of this thread hun x or is that not a S.O.A?

loubie_lou

Christ, i'm having the worst day ever today! Just ignore me! I'm forgetting everything! :doh:

Thank god i'm having a night out tonight!