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One debt Vs 100 days ~ Take Two
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Great news Sun addict:j
Remember to post on the DFW Roll of Honour:TI am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Well done Sun Addict!!! xxx:heart2: THANK YOU MARTIN!! :heart2:0
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Another £40 today.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Paid £100 but £17 swallowed by interestAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/250 -
Fab news Sun Addict! Well done!!!!DEBT FREE OCTOBER 2012!Proud to have dealt with my debts!0
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savingholmes wrote: »Paid £100 but £17 swallowed by interest
Hmmm, are we supposed include the interest? I'm not. I know if I paid £470 off the debt, it wouldn't be quite £470 if I include the interest, but can't be asked with that.DEBT FREE OCTOBER 2012!Proud to have dealt with my debts!0 -
I don't know...Hmmm, are we supposed include the interest? I'm not. I know if I paid £470 off the debt, it wouldn't be quite £470 if I include the interest, but can't be asked with that.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/250 -
Sun_Addict wrote: »I've been debt free since Monday!! :j:j Challenge complete!!
:j Well done!
Paid another £150 today leaving a balance of £1029.41- Thanks PAP
2019 fashion on a ration 0/66 coupons0 -
Hmmm, are we supposed include the interest? I'm not. I know if I paid £470 off the debt, it wouldn't be quite £470 if I include the interest, but can't be asked with that.
Don't know if this helps, last challenge I wanted to pay a chunk of my credit card, say £500, so I didn't account for any interest, just added my payments up to make my target amount. This month however I want to clear my overdraft, so I am including interest otherwise the amounts wouldn't tally.
Don't know if I've explained that very well! I think its really your choice as to what you find easiest/more motivational to calculate.
Hope Pap agrees!
Barclaycard [STRIKE]£7,296.35[/STRIKE] £6134.99 - MBNA [STRIKE]£4,182.88[/STRIKE] £3267.08 - O/draft [STRIKE]£569.31[/STRIKE] £413.59 - Capital One [STRIKE]£1477.55[/STRIKE] £1451.44Total debt [STRIKE]£12048.54[/STRIKE] £11267.10 6% paid0 -
*Jellie*, I have just posted on the DFB thread then I pop over here and see you flying towards your target, yay! :beer:Barclaycard [STRIKE]£7,296.35[/STRIKE] £6134.99 - MBNA [STRIKE]£4,182.88[/STRIKE] £3267.08 - O/draft [STRIKE]£569.31[/STRIKE] £413.59 - Capital One [STRIKE]£1477.55[/STRIKE] £1451.44Total debt [STRIKE]£12048.54[/STRIKE] £11267.10 6% paid0
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