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Comments

  • Purpleroses
    Purpleroses Posts: 4,125 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    well done tirlittan! :j
  • laura2481
    laura2481 Posts: 4,305 Forumite
    1,000 Posts Combo Breaker
    tirlittan wrote: »
    Paid off my Virgin cc today!!! :D:j:j:j
    'Only' loan left to go now. Updated ticker as well, 2% closer to target. Little steps...



    debt.png


    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 :D
  • tirlittan
    tirlittan Posts: 3,397 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    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 :D

    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...
    DEBT FREE OCTOBER 2012!
    Proud to have dealt with my debts!
  • savingholmes
    savingholmes Posts: 29,130 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 15 August 2009 at 10:53PM
    Got a job again so used savings to get back down to £15907
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.3K Equity 36.55%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
    (If took bigger lump sum = 62K or 48.6%)
    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 £5.1K updated 14/11/25
  • laura2481
    laura2481 Posts: 4,305 Forumite
    1,000 Posts Combo Breaker
    savingholmes wrote: »
    Got a job again so used savings to get back down to £15666
    :TThat's good news :D
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    That's great news Saving Holmes. Look forward to seeing your ticker :D

    Hope you enjoy the new job and it isn't too hectic settling in
    2019 fashion on a ration 0/66 coupons
  • laura2481
    laura2481 Posts: 4,305 Forumite
    1,000 Posts Combo Breaker
    Ticker update- had all statements in so these are final totals for this month


    debt.png


    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 :D
  • laura2481
    laura2481 Posts: 4,305 Forumite
    1,000 Posts Combo Breaker
    Just figured out an extra £4 will get me to 26%. I think I'll manage to find an extra £4... :D
  • *Jellie*
    *Jellie* Posts: 3,018 Forumite
    Part of the Furniture Combo Breaker
    laura2481 wrote: »
    Just figured out an extra £4 will get me to 26%. I think I'll manage to find an extra £4... :D

    Yeah :j
    Well done Laura
    2019 fashion on a ration 0/66 coupons
  • mooomin
    mooomin Posts: 13,703 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Morning all!

    It's payday tomorrow     yahoo.gifso 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


    debt.png


    Should be over 25% by next month :j
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