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Thats another fine mess I got myself into
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So you should be Red, that is an epic amount!
You'll soon be sub £35k as well!
What's the plan for 2011 then?LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)
Barclays: £2,928.34 Lloyds: £2,499.60
MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00
Surveys: £6.60/£40.000 -
Well £4,800 will be gone by June 2011, thats for certain because I am clearing that weekly.
Then all the business has to pay is monthly bills which I have been managing every month on top of debt payment.LBM Feb 2010 £62,700 Total Debt Jan 11 [STRIKE]£49,403.84[/STRIKE] £47,530.32.
(CC/LOAN = [STRIKE]36,378.98[/STRIKE] 35668.47. O/D = [STRIKE]1255.32[/STRIKE] 1212.35/[STRIKE]1999.78[/STRIKE] 1934.52, BUS = [STRIKE]9769.76[/STRIKE] 8714.98)
Challenge = Debt at 31/01/12 = £25k. 2011 Payments = £1,944.19/£24,403.84
There is no point in negative thought, it takes up time and energy which could be used in a positive, happy way!
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you are doing fantastic with the debt and it will get easier.0
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a huge well done hunx0
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Thank you ladies, as you say Taxi it should get easier in 2011 because I will have money to throw at personal debt. Business can almost certainly afford to cover personal debt payments and my salary covers monthly outgoings.
I might even be in the position to do a SOA, because like Hypno, up until now it looked impossible to survive!LBM Feb 2010 £62,700 Total Debt Jan 11 [STRIKE]£49,403.84[/STRIKE] £47,530.32.
(CC/LOAN = [STRIKE]36,378.98[/STRIKE] 35668.47. O/D = [STRIKE]1255.32[/STRIKE] 1212.35/[STRIKE]1999.78[/STRIKE] 1934.52, BUS = [STRIKE]9769.76[/STRIKE] 8714.98)
Challenge = Debt at 31/01/12 = £25k. 2011 Payments = £1,944.19/£24,403.84
There is no point in negative thought, it takes up time and energy which could be used in a positive, happy way!
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You've definitely done better than surviving Red xLBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)
Barclays: £2,928.34 Lloyds: £2,499.60
MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00
Surveys: £6.60/£40.000 -
looking forward to the SOA ...we might even save you some more money to throw at your debts0
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Woo - SOA has always told me I don't have enough, mostly I guess because I couldn't give amount of income from DH. I think I can now safely know I can take £1500 after business pays for itself. I know it isn't alot of monthly income given how hard he works but 12 months ago, there was no way we have afforded even half that....................thus how we got into this mess - living way above our means.
I also started paying back two o/d's last month so in January I will add these to my sig as a seperate item. They total £3500 and am paying £100 monthly, would love to clear these in 2011 but of course Ricardo is first on hit list.LBM Feb 2010 £62,700 Total Debt Jan 11 [STRIKE]£49,403.84[/STRIKE] £47,530.32.
(CC/LOAN = [STRIKE]36,378.98[/STRIKE] 35668.47. O/D = [STRIKE]1255.32[/STRIKE] 1212.35/[STRIKE]1999.78[/STRIKE] 1934.52, BUS = [STRIKE]9769.76[/STRIKE] 8714.98)
Challenge = Debt at 31/01/12 = £25k. 2011 Payments = £1,944.19/£24,403.84
There is no point in negative thought, it takes up time and energy which could be used in a positive, happy way!
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Looking forward to seeing you clear Ricardo!LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)
Barclays: £2,928.34 Lloyds: £2,499.60
MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00
Surveys: £6.60/£40.000 -
Been messing with snowball and looks like he will be gone by June 2011, and then B'card (one of 3) and First Direct will also be away in 2011 and our loan finishes in Dec 2011 - so all round a good year!
Still on course for DFD of March 2013 (my 45th bday) and then MF by 55. Not that I am getting ahead of myself LMAO!LBM Feb 2010 £62,700 Total Debt Jan 11 [STRIKE]£49,403.84[/STRIKE] £47,530.32.
(CC/LOAN = [STRIKE]36,378.98[/STRIKE] 35668.47. O/D = [STRIKE]1255.32[/STRIKE] 1212.35/[STRIKE]1999.78[/STRIKE] 1934.52, BUS = [STRIKE]9769.76[/STRIKE] 8714.98)
Challenge = Debt at 31/01/12 = £25k. 2011 Payments = £1,944.19/£24,403.84
There is no point in negative thought, it takes up time and energy which could be used in a positive, happy way!
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