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Olympic Countdown aka clear those debts by July 2012!

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  • **Upsy_Daisy**
    **Upsy_Daisy** Posts: 256 Forumite
    edited 18 January 2010 at 10:55PM
    Hiya dragon - another £60 for me today (I found some old foreign currency in a draw and changed it up takes my total up to £499

    According to my calculations thats 1.78% but I will defer to your greater mathematical skills

    PS - I've added my min payments to your totals but won't add them to my signature until the end of the month - hence the difference

    UD
    Total debt at 01/01/2010 £34,262 (Excludes mega mortgage) Daily interest £12.42
    02/10 Now £3.12 due to repayments, BT and :money:
    Olympic challenge £5081/£28,000 (18.15%)
    Aim to lose 35 lbs from 01/01/2010 to 30/06/10 9.5/35
    1 debt in 100 days £2886/£3839
  • kittiej
    kittiej Posts: 2,564 Forumite
    Part of the Furniture Combo Breaker
    Hello All

    Well we seem to be gathering more contestants by the day!

    Another £20 for me please dragon, thanks.
    Karma - the consequences of ones acts."It's OK to falter otherwise how will you know what success feels like?"1 debt v 100 days £2000
  • **Upsy_Daisy**
    **Upsy_Daisy** Posts: 256 Forumite
    edited 18 January 2010 at 11:07PM
    Just done another online payment, checked my balances (as you do) and now report that I have paid off £596.26

    Thats 2.12% :T:T

    I've made a few calls to existing lenders today where I have zero balances and they are willing to do a few low/no interest bal trans
    I don't need any at the moment as I need to do a bit of juggling and spreadsheet manipultation but I will be doing some transfers over the next month which should see my debts reducing

    5% by the end of Feb is a nice short term target :cool:

    UD
    Total debt at 01/01/2010 £34,262 (Excludes mega mortgage) Daily interest £12.42
    02/10 Now £3.12 due to repayments, BT and :money:
    Olympic challenge £5081/£28,000 (18.15%)
    Aim to lose 35 lbs from 01/01/2010 to 30/06/10 9.5/35
    1 debt in 100 days £2886/£3839
  • planning_ahead_2
    planning_ahead_2 Posts: 449 Forumite
    edited 19 January 2010 at 2:29AM
    Got £100 unexpectedly from DS (he owed it but I didn't expect to get it;)) and so paid that off Very and added £9.50 to round down the debt to £200.

    Also paid £12.50 off Choice today.

    So today's total from me is £122

    Edit: Paid another £151 off Barclaycard No. 2 - so total today & yesterday is £122 + £151 = £273:j:j:j:j:j:j:j
    NR [STRIKE]£5542[/STRIKE]£2771 BC [STRIKE]£7987[/STRIKE]£7700 BC [STRIKE]£3000[/STRIKE]£5100 Cat1 Pd Cat2 Pd Ulstr [STRIKE]£3400[/STRIKE]£3070 TSB [STRIKE]£4851[/STRIKE]£4400 MBNA [STRIKE]£7700[/STRIKE]£3887 NWst [STRIKE]£950[/STRIKE] £700 Hfx [STRIKE]£10097[/STRIKE]£10050 Asda [STRIKE]£398[/STRIKE] £315 HFX1 Pd Hfx2 [STRIKE]£3133[/STRIKE] £3000
    LBM 15/1/10 £47,728 now £40,993 14.11% pd
    Snowball at LBM [STRIKE]1050[/STRIKE] 871 days left (745 days to Olympics 2012)
    £365/365 - £388 (that's for DH & me!)
  • Morning Dragon

    I raided one of the twins accounts yesterday - I felt quite justified as the £600+ in there had only made £3 interest in the last year

    I have removed £500 and put it on my debts

    I have therefore paid off £1097 so far - thats 3.91%

    UD XX

    Total debt at 01/01/2010 £34,262 (Excludes mega mortgage) Daily interest £12.42
    02/10 Now £3.12 due to repayments, BT and :money:
    Olympic challenge £5081/£28,000 (18.15%)
    Aim to lose 35 lbs from 01/01/2010 to 30/06/10 9.5/35
    1 debt in 100 days £2886/£3839
  • kittiej
    kittiej Posts: 2,564 Forumite
    Part of the Furniture Combo Breaker
    I've just made a payment of £50, keep up the good work everybody :j
    Karma - the consequences of ones acts."It's OK to falter otherwise how will you know what success feels like?"1 debt v 100 days £2000
  • An unexpected additional £199 from me today (DH got reimbursed for some course costs - so straight off a CC):j

    Dragon, I am sure you are keeping track;) but just in case I make it I have now cleared £899:T
    NR [STRIKE]£5542[/STRIKE]£2771 BC [STRIKE]£7987[/STRIKE]£7700 BC [STRIKE]£3000[/STRIKE]£5100 Cat1 Pd Cat2 Pd Ulstr [STRIKE]£3400[/STRIKE]£3070 TSB [STRIKE]£4851[/STRIKE]£4400 MBNA [STRIKE]£7700[/STRIKE]£3887 NWst [STRIKE]£950[/STRIKE] £700 Hfx [STRIKE]£10097[/STRIKE]£10050 Asda [STRIKE]£398[/STRIKE] £315 HFX1 Pd Hfx2 [STRIKE]£3133[/STRIKE] £3000
    LBM 15/1/10 £47,728 now £40,993 14.11% pd
    Snowball at LBM [STRIKE]1050[/STRIKE] 871 days left (745 days to Olympics 2012)
    £365/365 - £388 (that's for DH & me!)
  • planning_ahead_2
    planning_ahead_2 Posts: 449 Forumite
    edited 20 January 2010 at 2:01AM
    Ok - me again:o

    It's a new day and the DD's come of the bank. Another £228 off the debts today. So annoying that in reality it's more but they always insist on adding this nasty virus thing called 'interest' - it's not at all interesting so I have no idea what daft nutter ever thought to call it that. Mind you I suppose if I was 'earning' it instead of paying it then I might find it interesting:rolleyes:

    So, running total off my debts is £1,127:T:T:T:T:T:T

    I am going to try sooooo hard to find another £42 to pay off today cos that would take me sub £47k - how great would it be to say last Friday (LBM;)) I owed in excess of £48k, and less than one week later I only :rotfl: owe 'just' over £46k (ok...just over....is taking the michael but who cares;))
    NR [STRIKE]£5542[/STRIKE]£2771 BC [STRIKE]£7987[/STRIKE]£7700 BC [STRIKE]£3000[/STRIKE]£5100 Cat1 Pd Cat2 Pd Ulstr [STRIKE]£3400[/STRIKE]£3070 TSB [STRIKE]£4851[/STRIKE]£4400 MBNA [STRIKE]£7700[/STRIKE]£3887 NWst [STRIKE]£950[/STRIKE] £700 Hfx [STRIKE]£10097[/STRIKE]£10050 Asda [STRIKE]£398[/STRIKE] £315 HFX1 Pd Hfx2 [STRIKE]£3133[/STRIKE] £3000
    LBM 15/1/10 £47,728 now £40,993 14.11% pd
    Snowball at LBM [STRIKE]1050[/STRIKE] 871 days left (745 days to Olympics 2012)
    £365/365 - £388 (that's for DH & me!)
  • £217 extra paid off my loan today thank you :j
    LBM February 2008. DFD March 2013 19 August 2011
    Debt at LBM £14,395.48. Debt Now £0
  • Hi,

    A bit of help please, not sure if this is the right place but I'm sure someone will know the answer.

    I'm filling out a snowballing form - I have a loan that I took out in Nov 08 for £12,000 paying £198 per month and one final for £340 for 7 years, rate of 10.4%. In my Excel spreadsheet I showing £16380 which is £198 x 81 + £340.
    Which figure do I put into my snowballing form?

    Good news I applied for a new egg card 0% till March 11 + 3% balance transfer fee and got accepted only took 15 mins.

    Thanks for your help.
    Pay £7,500 in 2011 paid £29,325 No 43 OP £21,825
    Olympic 78= £20,000 paid £35,708 over paid £15,708
    Mortgage over payment £1996/£1497 paid in 2011
    sealed pot 4 number 845
    Weight Loss 29lbs/13lbs
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