📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

calculating when I will be debt free

Hi there

Does anyone know of an easy way I can play about with what I pay to my debt each month to calculate my optimum payments and know when I will be debt free?

Comments

  • Molanole
    Molanole Posts: 1,563 Forumite
    Debt-free and Proud!
    Try the snowball calculator http://www.whatsthecost.co.uk/snowball.aspx
    Debt Free Nerd No. 89, LBM: April 2006, Debt at highest (Sept 05): £40,939.96
    NOW TOTALLY DEBT FREE!!!!!!!! Woooo hooooooo!!! DEBT FREE DATE: 23 December 2009
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    try the snowball calculator

    http://www.whatsthecost.co.uk/snowball.aspx
  • littlejen_3
    littlejen_3 Posts: 26 Forumite
    This is a great tool, I printed this off and each month when the payment has left my account I highlight that line. This way I can see exactly what I have paid and what I have left. It is really good for morale and you can really see the difference.
    :j

    Debt at worst £36200
    Debt now £21578

    Debt free on current payments March 2010
    Aim to be debt free to start 2009 in the black!


    "The lowest ebb is the turn of the tide"
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.