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My debt free date

SKINTALLTHETIME_3
SKINTALLTHETIME_3 Posts: 5 Forumite
in Debt-free wannabe
I would just firstly like to say thanks to the person who posted the link to the snowball calculator on the sticky for first time posters - wonderful link :T

I have used this to try and work out all my payments and an eventual debt free date.

My interest accruing debt will all be clear by March 2007 and my interest free debt and therefore my total debt clear by July 2008. That's fab as I was considering a loan to pay it all off spread over 5 years!!!

Woohoo!!!

And the best part is, that it has been worked out on what I currently pay of £450 per month servicing debts, so as long as I don't overspend on other areas there should still be enough money for little extras every month too :D

Thanks guys, now feeling much more positive about tackling this huge burden they call debt.
:eek: Debts currently of £12,000 :eek:

Comments

  • bluezone
    bluezone Posts: 772 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    keep ur chin up at all times and u will get there ;)
    😁
  • free4440273
    free4440273 Posts: 38,438 Forumite
    SKINTALLTHETIME wrote:
    I would just firstly like to say thanks to the person who posted the link to the snowball calculator on the sticky for first time posters - wonderful link :T

    I have used this to try and work out all my payments and an eventual debt free date.

    My interest accruing debt will all be clear by March 2007 and my interest free debt and therefore my total debt clear by July 2008. That's fab as I was considering a loan to pay it all off spread over 5 years!!!

    Woohoo!!!

    And the best part is, that it has been worked out on what I currently pay of £450 per month servicing debts, so as long as I don't overspend on other areas there should still be enough money for little extras every month too :D

    Thanks guys, now feeling much more positive about tackling this huge burden they call debt.

    would somebody mind pointing the rest of us (me) to the snowball calculator link :) thanks.
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
  • Tondella
    Tondella Posts: 934 Forumite
    here you go!

    http://www.whatsthecost.com/snowball.aspx
    Debt Oct 2005: £32,692.94
    Current debt: £14,000.00
    Debt free date: June 2008
  • free4440273
    free4440273 Posts: 38,438 Forumite
    thanks :) very kind.
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
  • beanielou
    beanielou Posts: 95,741 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Thats great news SKINT ALLTHE TIME.
    It isent going to take you too long, and as you say you have some money for treats too!
    Lucky you!
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • Old_iron_balls
    Old_iron_balls Posts: 331 Forumite
    great stuff. the months will fly by !
    good luck :)
    Debt at highest £16k+
    Debt at lightbulb moment £14,800
    Current debt £6336
    Cleared £4206 in November 05 How ? Bye Bye PPI :)
  • In_Search_Of_Me
    In_Search_Of_Me Posts: 10,634 Forumite
    Dont fancy swapping debts do you? I did my snowball cal this am & I'm in it for the next 9 years (108 months) at current calc!! Oops!
    Nerd no 109 Long haulers supporters DFW #1! Even in the darkest moments, love and hope are always possible.

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