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The big challenge - pay off £20k by Christmas 2010

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  • S.Worth
    S.Worth Posts: 39 Forumite
    Just paid off the remaining £400 of our Tesco Mastercard so that's history now :j.
    Most of my Virgin balance is now with Santander at 0%, so from now on I'm hardly going to be paying any interest.
    With our overtime money from last month, I can probably clear the 2 furniture loans, but with the recent problems with the car, I may hang on for a couple of weeks, just in case. Then again it's tempting to just pay off the loans :D
    Pay off £20k (well £12.5k) by December '10 £12,500/£3398.59 = 27%
    Furniture loan [STRIKE]£816.06[/STRIKE]/£0 =100%, CSL sofas loan [STRIKE]£640[/STRIKE]/£0 =100%,Tesco Mastercard [STRIKE]£1629.39[/STRIKE]/£0 =100%,
    Santander Mastercard [STRIKE]£2262.55[/STRIKE]/£2217.50 = 2%,Halifax Loan [STRIKE]£2747.42[/STRIKE]/£2491.24 =9%
    Bank of Mum and Dad in Law [STRIKE]£3300[/STRIKE]/£3160 =4%,
    Save for a Nikon D300 (or similar) £1104.58
  • S.Worth
    S.Worth Posts: 39 Forumite
    Oh, and I just checked the bank account, £70 to BoMaDIL and £80 off the sofa loan :D
    Pay off £20k (well £12.5k) by December '10 £12,500/£3398.59 = 27%
    Furniture loan [STRIKE]£816.06[/STRIKE]/£0 =100%, CSL sofas loan [STRIKE]£640[/STRIKE]/£0 =100%,Tesco Mastercard [STRIKE]£1629.39[/STRIKE]/£0 =100%,
    Santander Mastercard [STRIKE]£2262.55[/STRIKE]/£2217.50 = 2%,Halifax Loan [STRIKE]£2747.42[/STRIKE]/£2491.24 =9%
    Bank of Mum and Dad in Law [STRIKE]£3300[/STRIKE]/£3160 =4%,
    Save for a Nikon D300 (or similar) £1104.58
  • well done s.worth, i need to check my numbers see where i am, christ having so much debt is hard work when your crunching numbers :D x
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • £25 for me today to MBNA a little bit but they all count

    DTxx
  • S.Worth
    S.Worth Posts: 39 Forumite
    well done s.worth, i need to check my numbers see where i am, christ having so much debt is hard work when your crunching numbers :D x

    Tell me about it, I just found out I worked out my furniture loan wrong, it was about £230 more than expected :eek: Anyway, I'll adjust my figures in my sig, it'll still work out that I'm trying to pay off £12,500.

    I bit the bullet and paid off the furniture loan, so that'll be £700 further down the road/hill !

    I have a feeling some of the others will be wrong too, the confusion of christmas budgeting took its toll on my calculations:o
    Pay off £20k (well £12.5k) by December '10 £12,500/£3398.59 = 27%
    Furniture loan [STRIKE]£816.06[/STRIKE]/£0 =100%, CSL sofas loan [STRIKE]£640[/STRIKE]/£0 =100%,Tesco Mastercard [STRIKE]£1629.39[/STRIKE]/£0 =100%,
    Santander Mastercard [STRIKE]£2262.55[/STRIKE]/£2217.50 = 2%,Halifax Loan [STRIKE]£2747.42[/STRIKE]/£2491.24 =9%
    Bank of Mum and Dad in Law [STRIKE]£3300[/STRIKE]/£3160 =4%,
    Save for a Nikon D300 (or similar) £1104.58
  • S.Worth
    S.Worth Posts: 39 Forumite
    I bit the bullet and paid off the sofa loan too, another £480 off, no more sofa loan :j
    This is not normal for me btw, we got quite a bit of overtime pay in December, DW does OT quite a lot but I usually only get some every year or so.
    Pay off £20k (well £12.5k) by December '10 £12,500/£3398.59 = 27%
    Furniture loan [STRIKE]£816.06[/STRIKE]/£0 =100%, CSL sofas loan [STRIKE]£640[/STRIKE]/£0 =100%,Tesco Mastercard [STRIKE]£1629.39[/STRIKE]/£0 =100%,
    Santander Mastercard [STRIKE]£2262.55[/STRIKE]/£2217.50 = 2%,Halifax Loan [STRIKE]£2747.42[/STRIKE]/£2491.24 =9%
    Bank of Mum and Dad in Law [STRIKE]£3300[/STRIKE]/£3160 =4%,
    Save for a Nikon D300 (or similar) £1104.58
  • taxi73
    taxi73 Posts: 20,815 Forumite
    Well done on all those payments S Worth...that's fantastic.
  • starnac
    starnac Posts: 5,946 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    well done S Worth. you are doing well. bet it's nice to see 3 less debts now.

    C/C statement arrived today and with the adjustment of interest paid and PAD that's another £9.08 paid off
    Goals for February
    Declutter 2/50
    Money Made £0/£200
    Overpayments £0/£200
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    £25 to Virgin
  • banwa
    banwa Posts: 952 Forumite
    £1000 off my overdraft today :D
    Debt £26k 18/10/14
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