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Reasonable chunk gone!

I sold my motorbike last night and instead of buying a new one (my original intention) I paid the money off my Egg loan!
Kind of seems like I've just got rid of my bike and now have nothing to show for the sale, but I know it's the sensible thing to do in the long run...
I've also got about £900 overtime money coming this month (payday=23rd June) which is going towards my loan. £1500 paid off my loan in one month - I'm well chuffed
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Comments

  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    :T

    Wow someones going great guns :D

    Briliant!! And think of what you wil lsave on tax & maintainence - further savings :beer:
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • Annie_Fanny
    Annie_Fanny Posts: 1,167 Forumite
    That is fantastic! You did the right thing by paying it off the loan - just think how much interest you have saved yourself.

    :)

    The £900 overtime sounds good as well - hope you can get the same figure in overtime for the next few months and you will be debt free in no time!

    Annie
    "Debt makes plans for you" - A quote from my friend Catherine. How true!
  • My god! Nice one!
    Barclaycard - £489.74 / £500.00
    CapitalOne - £1933.92 / £2000.00
    Marbles - £719.45 / £750.00
    Beneficial Finance - £398.86 / £450.00
    Abbey Overdraft - £850
  • Devo
    Devo Posts: 236 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    That is fantastic! You did the right thing by paying it off the loan - just think how much interest you have saved yourself.

    :)

    The £900 overtime sounds good as well - hope you can get the same figure in overtime for the next few months and you will be debt free in no time!

    Annie

    That's what I'm hoping! It means working weekends, but that's cool because we get all our expenses paid - meaning I don't spend anything all weekend, as all food, drink, travel etc is paid - Yay!
  • sammy115
    sammy115 Posts: 15,267 Forumite
    Well done you! You should be proud of yourself for making the right decision.
    Quality is doing something right when no one is looking - Henry Ford
  • Zabl
    Zabl Posts: 232 Forumite
    Well done you :D

    Keep up the good work n you'll be debt free in no time :j
    Lightbulb Moment April 2006.
    Pay off All Debts by 31.12.2014.
    CC1: £5594, CC2: £164, OD1: £200,
    Total:£5958
  • Molanole
    Molanole Posts: 1,563 Forumite
    Debt-free and Proud!
    :j :T:j :T:j :T :j

    Wooo hoooo! Well done! Keep it up!
    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
  • Verbatim
    Verbatim Posts: 4,831 Forumite
    Part of the Furniture 1,000 Posts
    :T Well done. Money saving brilliance in action!
    CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 042
  • tattooed_lady
    tattooed_lady Posts: 1,591 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    That's really good!! :j :beer:
    Mortgage-free wannabe!
  • Quincifer
    Quincifer Posts: 228 Forumite
    Part of the Furniture Combo Breaker
    Well done, thats a massive chunk off! It is hard having to pay off debt because it doesn't feel like its going anywhere and that you've earned for nothing but just think how good it'll feel once its all paid off...and a bit earlier now aswell!!
    xxx
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