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The Debt Free Birthday Club Challenge!
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Morning all!
I get paid tomorrow, so here's how my ticker is looking;
Still a long way to go to be debt-free by 30, but I'm up for the challenge
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Well done F_F!
Here is the position at the end of January. A lot left to clear by April....especially as I've got lots of extra expenses to contend with due to the house move. I should clear the CC but not sure I'll manage to get rid of the OD as well!
2019 fashion on a ration 0/66 coupons0 -
Paid another £121 off the debt!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 14/11/250 -
:j:j:j:j :jsavingholmes wrote: »Paid another £121 off the debt!2019 fashion on a ration 0/66 coupons0 -
paid off some more!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 14/11/250 -
Over 30% done SH- yeah!2019 fashion on a ration 0/66 coupons0
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thanks jellieAchieve 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 14/11/250 -
Hi everyone, can't believe its been a month since my last post! *slaps own wrist*
Made min payment to Egg again and paid a chunk off the overdraft last month, payday in 6 days time so hopefully another update soon. The overdraft is the focus of my 1 debt vs 100 days so should manage that - although it will be a push - which just leaves Egg to clear before Birthday.
281 days to go til DFB, which means I need to pay an average of £12.25 a day. Sounds scary when I put it like that!!
Quick ticker update:
Good to see everyone doing well and, as always on this thread, feeling positive.Barclaycard [STRIKE]£7,296.35[/STRIKE] £6134.99 - MBNA [STRIKE]£4,182.88[/STRIKE] £3267.08 - O/draft [STRIKE]£569.31[/STRIKE] £413.59 - Capital One [STRIKE]£1477.55[/STRIKE] £1451.44Total debt [STRIKE]£12048.54[/STRIKE] £11267.10 6% paid0 -
Looks like your pig is racing toward the finish Shrimpy- go! go! go!!!!!!2019 fashion on a ration 0/66 coupons0
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I am now under £4,000 for the first time in years. I'm hoping to be debt-free by 30, but not sure if it will happen. Crossing my fingers!0
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