Taxis back to basics...debt and mortgage free before 50(feb 2014)

milann

The good stories of debt busting certainly keep me motivated to keep at it as and when I can.
DT hope things begin to improve you. lets hope the win is the beginning of a good run for you.

Milann

penguin83

Hi Taxi, just had a catch up you are going great guns and the plans sound great.

Love your avvie by the way very cute! x x

taxi73

I'm proud of that Avvie..as I'm useless on computers...never learnt them..lol
Love your dancing penguin.

mum2one

Thank-you for being u x

taxi73

mum2one wrote: »

Thank-you for being u x

Same back and hugs x

lucielle

Not really sure, I found it in a file and thought that will do for now.
L

Karmacat

Its cute, lucielle! And he looks like he's going to blink, or wag his tail...:)

In_Search_Of_Me

morning...well done on the bingo win! I did some free bingo the other day but still dint win lol! Youre going great guns...makes me feel pooped just reading your posts lol!

taxi73

Hi all..lovely day again...crisp but dry.

Am quite a happy bunny as have had my thinking hat on:j:j:j:j:j

I'm giving up on the Santander CC transfer as they don't know their asses from their elbows:eek::eek::eek:...

So I had that 0% offer from MBNA(A+L ) card until March 2010...so have done a money transfer to my bank....I will then pay it to Virgin.:T
Then I have done a BT for the other £1800 from DHS Halifax CC:T:T
So we should be at nil then bar £5 and interest.. and it's all back on 0%:T


Why didn't I think of that before?:eek::eek::eek:

couple more posts to follow..sorry

taxi73

Right onto the mortgage plan:
Quite excited about this as I may even be debt and mortgage free by the end of the mortgage free in three challenge that ends in December 2012.
How good would that be? :D:D:D:D

If I save £500 p/m x 36 months =£18000 plus interest.
£448 odd mortgage payment about £400 comes off capital(£400x 36)= £14400

Both halifax loans finish in 2 years..one £186.01 and one £196.60
12 x£186.01 =£2232.12 + interest
12 x £196.60=£2359.20 + interest

TOTAL.....£36991.32 plus interest.

£44560.97 -£36991.32 =£7569.65

£7569.65 -£1730 (egg)= £5839.65-( reg saver£500) =£5339.65 -£1000..(nov,dec 500p/m reg saver) =£43339.65

£4339.65 divided by 36 =£120.54 p/m into egg





So I need to put away £500 p/m reg saver
£150 p/m egg for mortgage and say £100 rough towards tax
and pay off all bills and this assumes letting the loans run their course.
I have not took into account any interest gained either...nor november mortgage payment

May be doable.