£2.78 per hour

System

Good grief. I've just done this myself and I only repay £0.82 per hour! That just sounds so pathetic!

donnaessex

£1.04 an hour. Very depressing.

andys15

donnaessex wrote: »

£1.04 an hour. Very depressing.

Yes but as a very rough calculation. From your Lbm untill march you have been paying 60 odd pence per hour, so you have managed to up it considerably.

Boozer

I am at 57p an hour for my mortgage for the next 7 years, when i say it like that it is almost like i could pay it off now.

baxgttdi

oh dear god....24599 hours left :O :O :O. I'm only paying off a measily 27p an hour

LittleMissKitty

Oooo, don't want to think about the mortgage. I'll scare myself with that when I've managed the rest of the debts. However I now know that I'm paying debts off at 1.3p a minute thanks to Andy fuelling my debt calculation OCD!

andys15

LittleMissKitty wrote: »

Oooo, don't want to think about the mortgage. I'll scare myself with that when I've managed the rest of the debts. However I now know that I'm paying debts off at 1.3p a minute thanks to Andy fuelling my debt calculation OCD!

well i have just been to the toilet, and in that time I have repaid 4.6 pence, i thought going toilet only costs a penny.

indierocker85

andys15 wrote: »

Every hour for the next 2 years. I think I have lost my marbles, but anyway, for some strange reason I worked out how much debt I am repaying per hour. I was bored, anyhow afterwards I went to the shops and bought a sandwich and crisps for £2.80. As I was eating said item I thought how I theoretically could have been debt free 1 hour earlier, then I thought how many other hours could be saved?

In theory, that means youre somehow paying £67.20 on debt? PER DAY. How is this even possible?

EDIT - Yeah - I get it now - Debt per month / 30 / 24 = Hourly amount

Mines only 51p Meh!!!! Pretty poor. Gonna put my hours to better use I think

andys15

indierocker85 wrote: »

In theory, that means youre somehow paying £67.20 on debt? PER DAY. How is this even possible?

because i repay £2002 per month, it is possible because we take home £179 a day.

andys15

indierocker85 wrote: »

In theory, that means youre somehow paying £67.20 on debt? PER DAY. How is this even possible?

EDIT - Yeah - I get it now - Debt per month / 30 / 24 = Hourly amount

Mines only 51p Meh!!!! Pretty poor. Gonna put my hours to better use I think

.51p per hour is ok, assuming you get your full 8 hour sleep per day, you repay over £4. Repaying debt is a doddle you can do it in your sleep.