The Debt Free Birthday Club Challenge!

Purpleroses

well done tirlittan! :j

laura2481

tirlittan wrote: »

Paid off my Virgin cc today!!! :j:j:j
'Only' loan left to go now. Updated ticker as well, 2% closer to target. Little steps...

Hi- is your 'student loan' a loan with the student loan company (ie. the govnt one) or a bank loan? Either way- can you repay early? If it's the student loan people then you can just send them a cheque every now and then for extra. If it's a bank loan then set up a small savings account somewhere and add in bits and pieces until you have enough to pay it off in a lump sum. Get rid of it a bit quicker!! Well done on your achievement today

tirlittan

laura2481 wrote: »

Hi- is your 'student loan' a loan with the student loan company (ie. the govnt one) or a bank loan? Either way- can you repay early? If it's the student loan people then you can just send them a cheque every now and then for extra. If it's a bank loan then set up a small savings account somewhere and add in bits and pieces until you have enough to pay it off in a lump sum. Get rid of it a bit quicker!! Well done on your achievement today

Hi Laura,

my student loan is from Finland. It's pretty flexible. I have to give them an estimate of how much I'm going to pay over a 12month period, but can overpay if and when I can. What cripples me is the 9% interest and the fact that for various reasons I didn't pay anything towards it on the first year it was due, therefore still trying to catch up on the interest. Interest should be paid by end of this year though and then I can start chipping away at the capital. Bar finding a better paid job, can't really do much more as my budget is tight as...

savingholmes

Got a job again so used savings to get back down to £15907

laura2481

savingholmes wrote: »

Got a job again so used savings to get back down to £15666

:TThat's good news

*Jellie*

That's great news Saving Holmes. Look forward to seeing your ticker

Hope you enjoy the new job and it isn't too hectic settling in

laura2481

Ticker update- had all statements in so these are final totals for this month





almost at 26%. Maybe I can find a few pennies extra to pay off the card if I have a few extra NSD's. Maybe... I'll see how it goes

laura2481

Just figured out an extra £4 will get me to 26%. I think I'll manage to find an extra £4...

*Jellie*

laura2481 wrote: »

Just figured out an extra £4 will get me to 26%. I think I'll manage to find an extra £4...

Yeah :j
Well done Laura

mooomin

Morning all!

It's payday tomorrow so time for my monthly update...

Starting debt = £6,993.88
Current loan balance = £6,280.93
Amount in Instant Access savings = £112.46
Amount in No Access savings = £860

So, by taking off the amount in savings I work out that I now owe £5,308.47





Should be over 25% by next month :j