One debt Vs 100 days ~ Take Two

rictus123

3% would take forever to pay off. On the balance its at now making 5% payments at 16.9% apr, it would take 63 months to clear £438....

no wonder fat cats can get the big bonuses, there must be millions out there turning a blind eye to how bad there debt is, the intrest earned by just rbs must be out of this world.

beanielou

Thats the whole point of 3% rictus that it does take people forever to pay it off.

rictus123

Good if you are needing to hold onto the pennies short term though.

penguin83

Hi all, update from me paid £67.45 into savings today meaning that I have £1567.55 left to pay.

Its our month end today so transferred what was left in the bank accounts.

Keep it up everyone x x x

starnac

C/C statements came today and as i'd paid off more than the min payment then the interest was less. so that plus my PAD makes a payment of £9.08 for me today leaving a balance of £1534.16

kashton_2

£10 for me today please, geting paid tonight and tomorrow night so i should have a little bit more to pay off soon, fingers crossed!

penelopedee_2

Hi Tracieann, never to late to start debt bashing. Just let Pap know your target - bright bold text would be easier for her to pick out.

Good luck, Pen.

penelopedee_2

I had a massive re-think on the finances last night and decided to knock another chunk off the debt. (Sorry Pap, this is going to get messy now).

First payment: £150 - which has now cleared my £500 target.

Pap, can you set me a second target of £1000 please - this will be both debt and a bit of savings.

Second payment: £210 - leaving me £790 remaining from the second target.

postingalwaysposting

Tracieann wrote: »

Hiya I like to join in please I'll post later when I've found out my smallest debt:)

Welcome Tracie, as Pen says never too late to join. Just come back when you are ready and post the amount you wish to pay off. I will then add you/it to the first post :T Each time you then pay off anything put it in big bold colours so I can see it

penelopedee wrote: »

I had a massive re-think on the finances last night and decided to knock another chunk off the debt. (Sorry Pap, this is going to get messy now).

First payment: £150 - which has now cleared my £500 target.

Pap, can you set me a second target of £1000 please - this will be both debt and a bit of savings.

Second payment: £210 - leaving me £790 remaining from the second target.

Woo hoo Pen well done on clearing your first debt using this challenge... one of many if last time is anything to go by :rotfl:

I have added you next debt/savings so lots of luck/positive vibes to you to get that cleared :beer:

tirlittan

Another £20 for me today, leaving £365.82 to pay.

Thought I owed some money to my club, but checked last night in training and didn't so paid it off CC straight away this morning. Almost quarter through!!!