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WOOO HOOO! Under 20k! First Milestone gone.

Mirtos
Mirtos Posts: 728 Forumite
in Debt-free wannabe
As of 00:01 this morning, I am now officially under the 20k mark! Woooooo Hoooooo!:jump: That's the first major milestone gone. :beer:Now on to the next one - 15k and under! Ahhh! :eek: miles away, but dammit I'll do it! :)
Official Debt Free Wannabe Nerd Club member 095! Debt Now:
M&S £5000 £2071.49 - 3.9% |Cahoot Loan £8646.96 £7453.24 - 5.8%| Barclays OD £2250.00 £991.99 - 0% Halifax Card £1620.60 - 0% Savings: £927.59
Grand Total = £22,540 £11,209.73 :eek:Total paid off since 31st May '06 = £11,330.27 :T Semi-DFD Dec'07?
Savings for temporary unemployment fund: £763.05 @ 8%, £164.54@ 4% Total savings: £927.59

£18k Challenge £18,934.21 £11,209.73 to go!
Proud to be dealing with my debt.
«1

Comments

  • Two9A
    Two9A Posts: 274 Forumite
    Nice job. Hope you crack 15k soon; keep chipping away!
    Debts (26.3% remaining) - CC/BARC: [strike]2058[/strike] 100.00 @0%; CC/MBNA: [strike]1877.75[/strike] 0.00; Loan/SLC: [strike]10000[/strike] 7901.84 @1.5%; Loan/Per: [strike]1500[/strike] 0.00; Loan/HX: [strike]15000[/strike] 0.00
    Mortgages (94.7% remaining) -     NW: [strike]92516.94[/strike] 87565.40 @3.19%; HBOS: [strike]65599.57[/strike] 59106.45 @4%, [strike]69251.57[/strike] 68589.97 @3.49%
    Total amount of fail: Dangerous (223263.66)
  • dave318
    dave318 Posts: 81 Forumite
    well done mirtos, I work out £2500 down in just three months. Damn good going.
    and it will get easier. Once you get the Snowball rolling you will notice it coming down quicker and quicker.
    keep it up.
    Debt at worst: £33000
    Debt now: £0, (Ok, a £650 overdraft)
    £3000 Credit card (aiming to get this down with 0% card)
  • tesuhoha
    tesuhoha Posts: 17,971 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Mortgage-free Glee!
    Well done. I passed the £20,000 milestone last year and that is like such a huge psychological barrier. As we have moved our debt is now £18+ but I also want to get below the £15000 barrier so we are in the same boat. Good luck and very well done.
    The forest would be very silent if no birds sang except for the birds that sang the best






  • AMILLIONDOLLARS
    AMILLIONDOLLARS Posts: 2,299 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well done Mirtos, way to go!!!
    Debt Free!!!
  • postingalwaysposting
    postingalwaysposting Posts: 13,987 Forumite
    dancingparty.gif

    welldone mirtos, it will soon be under that 15k, keep going :)
  • cattie
    cattie Posts: 8,844 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Well done you! Keep up the good work.

    I remember the wonderful psychological feeling of being almost there when my mortgage fell to below £20,000 outstanding.

    Chosing the milestone method as you have done is by far the best way. I look forward to patting you on the back when you come back to report you have reached the £15,000 or under mark. :)
    The bigger the bargain, the better I feel.

    I should mention that there's only one of me, don't confuse me with others of the same name.
  • Broken_hearted
    Broken_hearted Posts: 9,553 Forumite
    Well done.
    Barclaycard 3800

    Nothing to do but hibernate till spring
  • Mrs_Sparkle
    Mrs_Sparkle Posts: 1,805 Forumite
    Well done you! Under £20K is also my personal goal so I know how happy you must be to have achieved it. Congratulations to you!
    Debt at highest May 2006: £27,472.24
    currently: £13,353.25
    DFW Nerd 178
    Proud to be dealing with my debts
  • HeaddyMX
    HeaddyMX Posts: 185 Forumite
    Congratulations! Lets go for 10k!
  • LookingAhead
    LookingAhead Posts: 4,633 Forumite
    You WILL do it! Of course you will!

    Reaching and beating milestones is fantastic.

    More power to your elbow Mirtos!
    Bank Balance: In the black for the moment.
    Sainsburys Loan: Cleared July 2010
    Credit cards: AMEX Airmiles Card: direct debit set to clear balance monthly
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