It's my (snowballing) Birthday!!!

Butti

Your totals in your signature look amazing. Well done.

B

Velma

sammey90 wrote: »

Hi Velma

It's weird, but I have paid off that much without going the extra mile - they;ve become 'bills' - does that make sense?

It has left me skint most months, but at least now it's a constructive skint!!

Yeah that makes sense! It's amazing how paying a little extra can make a huge difference:D I'm going cold turkey with my spending this year - my tv's broken but after doing a snowball calculation I refuse to buy another 'till I get my debt down - it's not worth it in the long run. Anything I would like is now going on a wish list for my birthday/xmas.
This snowballing lark means I've got £20-£25/week to live off :mad:
It'll def be worth it in the long run tho! Can't wait till all the money in the bank is mine all mine!:rotfl:

Velma

michelle45 wrote: »

Whats a snowballing what everybody is on about.

Michelle

Hi Michelle, here's a link to the snowballing calculator I got from this website somewhere...
http://www.whatsthecost.com/snowball.aspx?country=uk

Just fill in your details and how much you can afford to pay each month to your debts and it gives you a payment schedule. Basically fling all your spare cash at the debt with the highest APR and when it's clear go on to the next highest APR. It gives you an idea of when your DFD will be. I cut and paste it into a spread sheet so I can keep track of my payments:D

sammey90

Thanks everyone!

Velma - don't you use the payment thingy on the snowballer? I love it! at one point, I was obsessed with making payments, just so that I could change things on the snowball!

Velma

sammey90 wrote: »

Thanks everyone!

Velma - don't you use the payment thingy on the snowballer? I love it! at one point, I was obsessed with making payments, just so that I could change things on the snowball!

Payment thingy?!? Is that the spreadsheet at the bottom or have I missed something?!?
Totally obsessed with spreadsheets at the moment. Used to have one when I got paid weekly but I stopped using it for some reason
Now I've got a 'Deluxe' version:D - 1 for my snowball thingy (which i'll prob be updating daily!), 1 for my outgoings each month, 1 for each of my challenges so I can keep track and 1 for my debt balance so I can see how much it has reduced each month after interest. Do you think thats too much? :eek::rotfl:

taxi73

Well done so far..it all makes a difference.

sammey90

Hi Velma,

If you register (free and they don't ask for tons of info) and save your snowball, you'll be able to go back to it and add payments or debits to it. It also tells you which debts to pay first. I think you're meant to nominate an amount for debt payment, above the total of the minimums if possible, and it puts anything spare towards the highest APR debt first.

Try it out - I'm sure you'll love it!